The Cag Foundation: Nonprofit Profile, Financials & Form 990 (EIN 45-5459780)

Revenue by fiscal year
FY2020	$26K
FY2021	$30K
FY2022	$40K
FY2023	$117K
FY2024	$80K

Expenses by fiscal year
FY2020	Not on file
FY2021	Not on file
FY2022	Not on file
FY2023	$104K
FY2024	$64K

Net assets by fiscal year
FY2020	$37K
FY2021	$40K
FY2022	$42K
FY2023	$55K
FY2024	$72K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

98%

Program services 98% · $63K Management & general 1% · $533 Fundraising 1% · $533

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation

John Lowen

Chariman

$0Pt VII · Sec A

Dean Kilau

Vice Chair

$0Pt VII · Sec A

Dave Clark

Director

$0Pt VII · Sec A

Dylan Ashcraft

Secretary

$0Pt VII · Sec A

See The Cag Foundation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Hosts fishing tournaments to fund local scholarships and youth sports programs.

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1 program · $63K · in their own filed words · FY2024

01

The organization provided $50,350 to local schools and youth groups for scholarships and sport programs

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 45-5459780) · Dispute this line

$63Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2023

Enterprise Holdings FoundationFY2023$3K

Total grants receivedfrom 1 funder$3K

Grants paid · 5 grants · $113K · 2023–2024

Rock Ridge Girls Tennis BoostersMN · FY2024$22,900

Kiwanis International INCMN · FY2024$6,000

Rock Ridge School District #2909FY2023$60,000

Rock Ridge Girls Tennis BoostersMN · FY2023$18,300

Kiawanis Club of HibbingFY2023$6,000

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$80K

Ln 12

Other incomeLn 4–11$77K

Gifts and grantsLn 1h$3K

Investment incomeLn 3$713

Money outPt IX

$64K

Ln 25

Programscol B$63K

Managementcol C$533

Fundraisingcol D$533

Owns and owesPt X

$72K

net assets · Ln 32

Cash and savingsLn 1–2$129K

Total assetsLn 16$130K

LiabilitiesLn 26$58K

PeoplePt VI, VII

4

listed · VII A

PaidVII A0

Voting boardVI 1a4

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$3K

Investment incomeLn 3$713

Other incomeLn 4–11$77K

Total revenueLn 12$80K

Assets in detailPt X, end of year

CashLn 1$88K

SavingsLn 2$41K

Cash and savings togetherLn 1–2$129K

Land, buildings, equipmentLn 10c$771

Total assetsLn 16$130K

LiabilitiesLn 26$58K

Net assetsLn 32$72K

OperationsPt I, VI

EmployeesI 50

VolunteersI 660

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$137K	$129K
Land, buildings, equipmentLn 10c	$0	$771
Total assetsLn 16	$137K	$130K
LiabilitiesLn 26	$82K	$58K
Net assetsLn 32	$55K	$72K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$50K	$50K
Management feesLn 11a	$8K	$7K	$300	$300
Accounting feesLn 11c	$460	$424	$18	$18
Office expensesLn 13	$4K	$3K	$145	$145
Conferences, conventions and meetingsLn 19	$42	$38	$2	$2
Depreciation, depletion and amortizationLn 22	$193	$177	$8	$8
InsuranceLn 23	$1K	$1K	$55	$55
Other expenses (24a–d)Ln 24	$127	$117	$5	$5
Total functional expensesLn 25	$64K	$63K	$533	$533

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest ViewingFiled with the IRS Nov 17, 2025	$80K	$64K	$17K	$72K	990 PDF
FY2023Filed with the IRS Nov 15, 2024	$117K	$104K	$13K	$55K	990 PDF
FY2022Filed with the IRS Nov 8, 2023	$40K			$42K	990 PDF
FY2021Filed with the IRS Nov 14, 2022	$30K			$40K	990 PDF
FY2020Filed with the IRS Nov 15, 2021	$26K			$37K	990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations

See the full FY2024 990

Part I · Summary $80,416 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $60,963$2,526

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $380$713

I-11 Other revenuePrior year $55,916$77,177

I-12 Total revenuePrior year $117,259$80,416

I-13 Grants and similar amounts paidPrior year $94,800$50,350

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $9,098$13,305

I-18 Total expensesPrior year $103,898$63,655

I-19 Revenue less expensesPrior year $13,361$16,761

Part VI · Governance 0 of 4 board members independent, 4 to look at

VI-1a Voting members of the governing body4

VI-1b Independent voting members0

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $80,416 across 5 lines filed

Lines not itemized here account for $31,981 of total revenue; see the IRS return.

VIII-1f All other contributions, gifts and grants$2,526

VIII-1h Total contributions, gifts and grants$2,526

VIII-3 Investment incomeRelated to mission $713$713

VIII-8 Net income from fundraising eventsExcluded from tax $45,196$45,196

VIII-12 Total revenueRelated to mission $32,694 · Unrelated business $0 · Excluded from tax $45,196$80,416

Part IX · Statement of functional expenses $63,655 across 8 lines filed

IX-1 Grants to domestic organizationsPrograms $50,350$50,350

IX-11a Management feesPrograms $6,900 · Management $300 · Fundraising $300$7,500

IX-11c Accounting feesPrograms $424 · Management $18 · Fundraising $18$460

IX-13 Office expensesPrograms $3,328 · Management $145 · Fundraising $145$3,618

IX-19 Conferences, conventions and meetingsPrograms $38 · Management $2 · Fundraising $2$42

IX-22 Depreciation, depletion and amortizationPrograms $177 · Management $8 · Fundraising $8$193

IX-23 InsurancePrograms $1,255 · Management $55 · Fundraising $55$1,365

IX-24 Other expenses (24a–d)Programs $117 · Management $5 · Fundraising $5$127

IX-25 Total functional expensesPrograms $62,589 · Management $533 · Fundraising $533$63,655

Part X · Balance sheet $129,872 assets, 12 lines filed

X-1 Cash, non-interest-bearingStart of year $96,262$88,011

X-2 Savings and temporary cash investmentsStart of year $40,378$41,090

X-9 Prepaid expenses and deferred chargesStart of year $852$0

X-10c Land, buildings and equipment, netStart of year $0$771

X-16 Total assetsStart of year $137,492$129,872

X-25 Other liabilitiesStart of year $82,375$57,994

X-26 Total liabilitiesStart of year $82,375$57,994

X-29 Capital stock or trust principalStart of year $0$0

X-30 Paid-in or capital surplusStart of year $0$0

X-31 Retained earnings or endowmentStart of year $55,117$71,878

X-32 Total net assets or fund balancesStart of year $55,117$71,878

X-33 Total liabilities and net assetsStart of year $137,492$129,872

Part XI · Reconciliation of net assets $71,878 net assets at year end

XI-1 Total revenue$80,416

XI-2 Total expenses$63,655

XI-3 Revenue less expenses$16,761

XI-4 Net assets at start of year$55,117

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$71,878

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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The Cag Foundation

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for The Cag Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV