Friends Of Children Foundation in Minneapolis, Minnesota (MN)
Table of contents:
| Friends Of Children Foundation | |
| Employer Identification Number (EIN) | 411793355 |
| Name of Organization | Friends Of Children Foundation |
| In Care of Name | Dianne Heinst |
| Address | 2200 Wells Fargo Center 90 S 7th, Minneapolis, MN 55402 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Care and housing of children (orphanage, etc) |
| Subsection | Charitable Organization |
| Ruling Date | 12/1994 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $81,109 |
| Amount of Income | $7,148 |
| Form 990 Revenue Amount | $7,148 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations |
Non-representatives - add comments:
Amount of income in 2013: $7,148 (it was $10,555 in 2012)
| This organization: | $7,148 |
| Other organizations performing similar types of work: | $105,489 |
Assets in 2013: $81,109 (it was $99,491 in 2012)
| This organization: | $81,109 |
| Other organizations performing similar types of work: | $325,460 |
Expenses in 2013: $25,512
| This organization: | $25,512 |
| Other organizations performing similar types of work: | $49,058 |
Income to expenses ratio in 2013: 0.3
| Friends Of Children Foundation: | 0.3 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 99.9%
| This organization: | 99.9% |
| Other organizations performing similar types of work: | 22.8% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $23,130 | $10,555 | $7,148 |
| Contributions, gifts, grants, and similar amounts received | $23,103 | $10,546 | $7,140 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $27 | $9 | $8 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $28,383 | $24,706 | $25,512 |
| Total net assets | $113,624 | $99,473 | $81,109 |
| Excess/Deficit for the year | $-5,253 | $-14,151 | $-18,364 |
| Net assets or fund balances at beginning of year | $125,277 | $113,624 | $99,473 |
| Other changes in net assets or fund balances | $-6,400 | $0 | $0 |
| Net assets or fund balances at end of year | $99,473 | $81,109 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $113,658 | $99,491 | $81,109 |
| Total liabilities | $34 | $18 | $0 |
| Net assets or fund balances | $113,624 | $99,473 | $81,109 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $106,245 |
| Subtotal Support | $133,885 |
| Gifts, grants, contributions, and membership fees received | $133,885 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $27,640 |
| Total Support | $133,997 |
| Public Support | $133,885 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $112 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | U S Bancorp Foundation | PO BOX 64713, Saint Paul, MN 55164-0713 | MN | 1979-09 | $50,940,469 |
| 2 | Slaggie Family Foundation | 111 Market St Ste 3b, Winona, MN 55987-5532 | MN | 1999-10 | $17,617,109 |
| 3 | The Wendel Foundation | 2100 Highway 55 # 300, Hamel, MN 55340-9770 | MN | 1988-01 | $13,564,614 |
| 4 | Travelers Foundation | 385 Washington St Mc Nb10t, St Paul, MN 55102-1309 | MN | 1999-01 | $8,033,563 |
| 5 | Frank J Maslowski And Eleanor A Maslowski Charitable Trust | 9121 Baltimore St Ne, Blaine, MN 55449-4338 | MN | 2011-02 | $6,739,734 |
| 6 | Torgerson Family Foundation | 465 Peavey Rd, Wayzata, MN 55391-1544 | MN | 2013-02 | $4,557,986 |
| 7 | Julie And Doug Baker Jr Foundation | PO BOX 64713, Saint Paul, MN 55164-0713 | MN | 2013-08 | $4,410,205 |
| 8 | Seth Foundation Inc | 16910 41st Ave N, Plymouth, MN 55446-2359 | MN | 2012-09 | $3,815,648 |
| 9 | Rrw & Florence Berglund Family Fdtn | 665 Snelling Ave N, Saint Paul, MN 55104-1839 | MN | 2004-10 | $3,775,540 |
| 10 | Laurence H Dorcy Hawaiian Foundation | 5959 Centerville Rd Ste 260, North Oaks, MN 55127-6811 | MN | 2013-06 | $3,025,035 |
| 11 | Freshwater Foundation | 2500 Shadywood Rd, Excelsior, MN 55331-6201 | MN | 2010-06 | $2,742,125 |
| 12 | Camara-Press Foundation | 3515 Green Ridge Rd, Minnetonka, MN 55305-4445 | MN | 2011-04 | $2,419,384 |
| 13 | Cedar Foundation | 50 S Sixth St Ste, Minneapolis, MN 55402-1540 | MN | 2013-08 | $1,650,000 |
| 14 | Guilder Foundation | 50 South Sixth St Ste, Minneapolis, MN 55402-1540 | MN | 2013-08 | $1,650,000 |
| 15 | P M Allen Family Foundation | 50 South Sixth St Ste, Minneapolis, MN 55402-1540 | MN | 2013-08 | $1,650,000 |
| 16 | Arctos Foundation | 5201 Kellogg Ave, Minneapolis, MN 55424-1304 | MN | 2010-07 | $1,638,615 |
| 17 | Cedarwoods Foundation | PO BOX 581967, Minneapolis, MN 55458-1967 | MN | 2014-02 | $1,532,905 |
| 18 | St Agnes Catholic Educationfoundation | 7040 Willow Creek Rd, Eden Prairie, MN 55344-3224 | MN | 2007-10 | $1,430,119 |
| 19 | G2 Foundation | 26340 Sloth St Nw, Zimmerman, MN 55398-4018 | MN | 2011-02 | $1,348,143 |
| 20 | Seba Foundation | 16523 Black Oaks Cir, Wayzata, MN 55391-4515 | MN | 2003-02 | $1,290,565 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 22,395 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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