Nonprofit · EIN 41-1644554
FASTBREAK FOUNDATION
Tax-exempt · MINNEAPOLIS, MN 55403
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990-PF | $9,242 | $132,342 | -$123,100 | $485,625 | $90,556 | $395,069 |
| September 30, 2024 | 990-PF | $31,982 | $276,737 | -$244,755 | $608,592 | $90,423 | $518,169 |
| September 30, 2023 | 990-PF | $423,688 | $287,924 | $135,764 | $829,542 | $66,618 | $762,924 |
Financial details: 990-PF for the year ended September 30, 2025
Revenue
- Dividends
- $2,067
- Interest
- $7,175
Expenses
- Grants and similar amounts paid
- $125,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $131,930
- Excise tax on investment income
- $128
Balance sheet and other
- Total assets, start of year
- $608,592
- Total assets, end of year
- $485,625
- Total liabilities, end of year
- $90,556
- Net assets, end of year
- $395,069
- Fair market value of assets
- $527,029
- Qualifying distributions
- $131,930
- Net investment income
- $9,242
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ethan Casson 600 Hennepin Avenue Suite 300, Minneapolis, MN 55403 | Chief Executive Officer (until April) | 0.25 | $0 |
| Jennifer Ridgeway 600 Hennepin Avenue Suite 300, Minneapolis, MN 55403 | Executive Director | 2.5 | $0 |
| Suzanne M Spellacy 600 Hennepin Avenue Suite 300, Minneapolis, MN 55403 | Secretary | 0.5 | $0 |
| Pete Stene 600 Hennepin Avenue Suite 300, Minneapolis, MN 55403 | Treasurer | 0.5 | $0 |
| Glen A Taylor 600 Hennepin Avenue Suite 300, Minneapolis, MN 55403 | Director (until April) | 0.3 | $0 |
| Brett Carter 600 Hennepin Avenue Suite 300, Minneapolis, MN 55403 | Director | 0.3 | $0 |
| Kate Quinn 600 Hennepin Avenue Suite 300, Minneapolis, MN 55403 | Director | 0.3 | $0 |
| Chanda Smith Baker 600 Hennepin Avenue Suite 300, Minneapolis, MN 55403 | Director | 0.3 | $0 |
| Gavin Kaysen 600 Hennepin Avenue Suite 300, Minneapolis, MN 55403 | Director | 0.3 | $0 |
| Rebekkah Brunson 600 Hennepin Avenue Suite 300, Minneapolis, MN 55403 | Director | 0.3 | $0 |
990-PF for the year ended September 30, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ethan Casson 600 Hennepin Avenue Suite 300, Minneapolis, MN 55403 | Chief Executive Officer | 0.25 | $0 |
| Jennifer Ridgeway 600 Hennepin Avenue Suite 300, Minneapolis, MN 55403 | Executive Director | 2.5 | $0 |
| Suzanne M Spellacy 600 Hennepin Avenue Suite 300, Minneapolis, MN 55403 | Secretary | 0.5 | $0 |
| Pete Stene 600 Hennepin Avenue Suite 300, Minneapolis, MN 55403 | Treasurer | 0.5 | $0 |
| Glen A Taylor 600 Hennepin Avenue Suite 300, Minneapolis, MN 55403 | Director | 0.25 | $0 |
| Brett Carter 600 Hennepin Avenue Suite 300, Minneapolis, MN 55403 | Director | 0.25 | $0 |
| Kate Quinn 600 Hennepin Avenue Suite 300, Minneapolis, MN 55403 | Director | 0.25 | $0 |
| Chanda Smith Baker 600 Hennepin Avenue Suite 300, Minneapolis, MN 55403 | Director | 0.25 | $0 |
| Gavin Kaysen 600 Hennepin Avenue Suite 300, Minneapolis, MN 55403 | Director | 0.25 | $0 |
| Rebekkah Brunson 600 Hennepin Avenue Suite 300, Minneapolis, MN 55403 | Director | 0.25 | $0 |
990-PF for the year ended September 30, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ethan Casson 600 Hennepin Avenue Suite 300, Minneapolis, MN 55403 | Chief Executive Officer | 0.5 | $0 |
| Jennifer Ridgeway 600 Hennepin Avenue Suite 300, Minneapolis, MN 55403 | Executive Director | 5 | $0 |
| Suzanne M Spellacy 600 Hennepin Avenue Suite 300, Minneapolis, MN 55403 | Secretary | 1 | $0 |
| Pete Stene 600 Hennepin Avenue Suite 300, Minneapolis, MN 55403 | Treasurer | 1 | $0 |
| Glen A Taylor 600 Hennepin Avenue Suite 300, Minneapolis, MN 55403 | Director | 0.5 | $0 |
| Brett Carter 600 Hennepin Avenue Suite 300, Minneapolis, MN 55403 | Director | 0.5 | $0 |
| Kate Quinn 600 Hennepin Avenue Suite 300, Minneapolis, MN 55403 | Director | 0.5 | $0 |
| Chanda Smith Baker 600 Hennepin Avenue Suite 300, Minneapolis, MN 55403 | Director | 0.5 | $0 |
| Gavin Kaysen 600 Hennepin Avenue Suite 300, Minneapolis, MN 55403 | Director | 0.5 | $0 |
| Rebekkah Brunson 600 Hennepin Avenue Suite 300, Minneapolis, MN 55403 | Director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 600 HENNEPIN AVE STE 300, MINNEAPOLIS, MN 55403-1819
- Signed the 990-PF
- Sondra Ciesielski, Executive Director
- Phone
- (612) 673-1641
- Return prepared by
- Eide Bailly Advisory LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990-PF on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990-PF on file |
IRS record
- EIN
- 41-1644554
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 1993
- Accounting year ends
- September
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T23)
- Assets (IRS master file)
- $485,625
- Income (IRS master file)
- $9,242
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | September 2025 | $9,242 | $132,342 | $485,625 | XML |
| 990-PF | September 2024 | $31,982 | $276,737 | $608,592 | XML |
| 990-PF | September 2023 | $423,688 | $287,924 | $829,542 | XML |
| 990-PF | September 2022 | – | – | – | IRS |
| 990-PF | September 2021 | – | – | – | IRS |
| 990-PF | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-1644554).
Questions about FASTBREAK FOUNDATION
- What is the EIN of FASTBREAK FOUNDATION?
- The employer identification number (EIN) of FASTBREAK FOUNDATION is 41-1644554.
- Is FASTBREAK FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to FASTBREAK FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does FASTBREAK FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of FASTBREAK FOUNDATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FASTBREAK FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended September 2025.
- Who are the officers and directors of FASTBREAK FOUNDATION?
- The 990-PF for the year ended September 30, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does FASTBREAK FOUNDATION have?
- On its 990-PF for the year ended September 30, 2025 it reported revenue of $9,242, expenses of $132,342 and total assets of $485,625 at year end.
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