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Dwb Memorial Foundation FY2020 filing

Tax-deductible

Hopkins, MN501(c)(3)Foundations & GrantmakersEIN 47-1215259Revenue $216K in FY2020

On file with the IRSdwbmemorial.com4711 Shady Oak Rd S, 55343-8840 · Hopkins, MNTax-exempt since May 2015Publicly supported charity — 170(b)(1)(A)(vi)

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Making significant financial donations to minnesota organizations or families in need.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $15K a year · 14% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$216K
Spent
$294K
To programs
100%
Net assets
$18K
By yearFY2020–FY2025
Revenue
$216K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$216K
FY2021$2K
FY2022$193K
FY2023$200K
FY2024$1K
FY2025$0
Expenses
$294K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$294K
FY2021$5K
FY2022$23K
FY2023$360K
FY2024$16K
FY2025$2K
Net assets
$18K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$18K
FY2021$14K
FY2022$184K
FY2023$24K
FY2024$10K
FY2025$7K

From the FY2020 Form 990 (year ending April 2020) · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2015.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $293K Management & general 0% · $1K

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

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Anne Davis
Secretary
$0Pt VII · Sec A
Tim Jenzer
Vice Preside
$0Pt VII · Sec A
J Lindsay
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Craig Norby
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
See Dwb Memorial Foundation executive salaries →

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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

Provides substantial financial aid to Minnesota organizations and families facing hardship.

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Provided by the organization

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1 program · $293K · in their own filed words · FY2019
01

Raise funds by holding certain events each year and give grants to organizations such as minnetonka baseball association and als association. These organizations provide children and adults with the various kinds of support they need to become self-assured, competent athletes and adults.

$293Kprogram 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
Amazonsmile FoundationFY2023$25
Total grants receivedfrom 1 funder$25
Grants paid · 8 grants · $643K · 2019–2023
Patrick Schoonover Heart FoundationMN · FY2023$10,000
Patrick Schoonover Heart FoundationMN · FY2022$110,000
Cystic Fibrosis FoundationMD · FY2022$100,000
Never Surrender INCMN · FY2022$82,408
The Als Association MinnesotaMN · FY2022$58,000
University of Minnesota FoundationMN · FY2019$115,000
The Hendrickson Foundation INCMN · FY2019$85,000
Never Surrender INCMN · FY2019$83,039

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$216K
Ln 12
Gifts and grantsLn 1h$165K
Other incomeLn 4–11$51K
Money outPt IX
$294K
Ln 25
Programscol B$293K
Managementcol C$1K
Owns and owesPt X
$18K
net assets · Ln 32
Cash and savingsLn 1–2$4K
Total assetsLn 16$18K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$165K
Noncash giftsLn 1g$35K
Fundraising eventsLn 1c$165K
Other incomeLn 4–11$51K
Total revenueLn 12$216K
Assets in detailPt X, end of year
CashLn 1$4K
Cash and savings togetherLn 1–2$4K
Land, buildings, equipmentLn 10c$3K
Total assetsLn 16$18K
LiabilitiesLn 26$0
Net assetsLn 32$18K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderApril
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$72K$4K
Land, buildings, equipmentLn 10c$4K$3K
Total assetsLn 16$96K$18K
LiabilitiesLn 26$0$0
Net assetsLn 32$96K$18K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$283K$283K
Accounting feesLn 11c$1K$1K
Office expensesLn 13$9K$9K
Depreciation, depletion and amortizationLn 22$953$953
Total functional expensesLn 25$294K$293K$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $0$2K−$2K$7K 990 PDF
FY2024 $1K$16K−$15K$10K 990 PDF
FY2023 $200K$360K−$159K$24K 990 PDF
FY2022 $193K$23K$170K$184K 990 PDF
FY2021 $2K$5K−$4K$14K 990 PDF
FY2020 Viewing $216K$294K−$78K$18K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $215,921 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $204,421$164,951
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $33,082$50,970
I-12 Total revenuePrior year $237,503$215,921
I-13 Grants and similar amounts paidPrior year $170,311$283,039
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $7,863$10,707
I-18 Total expensesPrior year $178,174$293,746
I-19 Revenue less expensesPrior year $59,329−$77,825
Part VI · Governance 6 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $215,921 across 6 lines filed
VIII-1c Fundraising events$164,933
VIII-1f All other contributions, gifts and grants$18
VIII-1g Noncash contributions (included above)$35,241
VIII-1h Total contributions, gifts and grants$164,951
VIII-8 Net income from fundraising events$50,970
VIII-12 Total revenue$215,921
Part IX · Statement of functional expenses $293,746 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $283,039$283,039
IX-11c Accounting feesManagement $1,195$1,195
IX-13 Office expensesPrograms $8,559$8,559
IX-22 Depreciation, depletion and amortizationPrograms $953$953
IX-25 Total functional expensesPrograms $292,551 · Management $1,195 · Fundraising $0$293,746
Part X · Balance sheet $18,003 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $71,828$4,456
X-4 Accounts receivableStart of year $20,190$10,690
X-10c Land, buildings and equipment, netStart of year $3,810$2,857
X-16 Total assetsStart of year $95,828$18,003
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $95,828$18,003
X-33 Total liabilities and net assetsStart of year $95,828$18,003
Part XI · Reconciliation of net assets $18,003 net assets at year end
XI-1 Total revenue$215,921
XI-2 Total expenses$293,746
XI-3 Revenue less expenses−$77,825
XI-4 Net assets at start of year$95,828
XI-10 Net assets at end of year$18,003

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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