Nonprofit · EIN 41-1931735
FARIBAULT FOUNDATION INC
Tax-exempt · FARIBAULT, MN 55021
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,859,138 | $717,175 | $1,141,963 | $4,696,705 | $128,924 | $4,567,781 |
| December 31, 2024 | 990 | $2,455,904 | $381,312 | $2,074,592 | $3,371,360 | $116,517 | $3,254,843 |
| December 31, 2023 | 990 | $1,129,449 | $136,518 | $992,931 | $1,132,136 | $2,903 | $1,129,233 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,755,851
- Program service revenue
- $898
- Investment income
- $102,389
- Net gain from sales of assets
- -$14,742
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $438,766
- Compensation of officers, directors and key employees
- $87,966
- Other salaries and wages
- $28,186
- Salaries, compensation and benefits (total)
- $128,036
- Professional fundraising fees
- $0
- Accounting fees
- $26,908
- Occupancy
- $12,513
- Program services (functional)
- $545,925
- Management and general (functional)
- $114,811
- Fundraising (functional)
- $56,439
Balance sheet and other
- Total assets, start of year
- $3,371,360
- Total assets, end of year
- $4,696,705
- Total liabilities, end of year
- $128,924
- Net assets, end of year
- $4,567,781
- Land, buildings and equipment
- $2,937
- Publicly traded securities
- $3,724,368
- Net assets without donor restrictions
- $4,428,784
- Net assets with donor restrictions
- $138,997
- Gross receipts
- $2,724,280
- Employees
- 2
- Volunteers
- 80
- Year formed
- 1999
- State of legal domicile
- MN
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 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LAURA BOCK | EXECUTIVE DIRECTOR Officer | 40 | $85,670 | $2,296 |
| CHRISTINE SHAFFER-BROWN | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DR MICHAEL RICHIE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| CHAD KOEPKE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| CHAD WOLFF | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JEFF JANDRO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEN HUBERT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR SARAH BECKMANN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DARYL BAUER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN SCOTT | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LAURA BOCK | EXECUTIVE DIRECTOR Officer | 40 | $83,624 | $2,166 |
| CHAD KOEPKE | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| CHRISTINE SHAFFER-BROWN | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| TODD MARKMAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DR MICHAEL RICHIE | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| PATRICIA GUSTAFSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHAD WOLFF | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFF JANDRO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEN HUBERT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR SARAH BECKMANN | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAURA BOCK | EXECUTIVE DIRECTOR Officer | 40 | $16,990 |
| KYMN ANDERSON | EXEC DIR(JAN-OCT)/ADMIN ASST(OCT-DEC) Officer | 40 | $16,200 |
| NATALIA MEDOZA-ORR | PRESIDENT (RESIGNED) Trustee or director, Officer | 1 | $0 |
| CHAD KOEPKE | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| TODD MARKMAN | TREASURER Trustee or director, Officer | 1 | $0 |
| CHRISTINE SHAFFER-BROWN | SECRETARY Trustee or director, Officer | 1 | $0 |
| STEVE KOHL | DIRECTOR (RESIGNED) Trustee or director | 1 | $0 |
| MIKE RICHIE | DIRECTOR Trustee or director | 1 | $0 |
| REV COLIN MALTBIE | DIRECTOR (RESIGNED) Trustee or director | 1 | $0 |
| PAT GUSTAFSON | DIRECTOR Trustee or director | 1 | $0 |
| CHAD WOLFF | DIRECTOR Trustee or director | 1 | $0 |
| JEFF JANDRO | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 530 WILSON AVE, FARIBAULT, MN 55021-4619
- In care of
- % TODD MARKMAN
- Mailing address (990-N for 2022)
- 530 Wilson Ave, Faribault MN 55021
- Principal officer (990 for 2025)
- LAURA BOCK, 530 WILSON AVENUE, FARIBAULT, MN 55021
- Principal officer (990-N for 2022)
- Kymn Anderson, 530 Wilson Ave, Faribault MN 55021
- Signed the 990
- LAURA BOCK, EXECUTIVE DIRECTOR
- Phone
- (507) 805-8800
- Website
- FARIBAULTFOUNDATION.ORG
- Return prepared by
- CREATIVE PLANNING TAX LLC
Mission
THE FARIBAULT FOUNDATION IS ON A MISSION TO IMPOVE THE QUALITY OF LIFE IN FARIBAULT THROUGH THE GENEROSITY OF DONORS. TO ACCOMPLISH THIS MISSION WE ARE GROWING OUR COMMUNITY FOUNDATION, AND GRANTS WILL BE FOCUSED IN THE FARIBAULT COMMUNITY. MAKING AN IMPACT FOR OUR NON PROFITS AND ENHANCING OUR COMMUNITIES PROGRAMS. CURRENTLY OUR MOST SIGNIFICANT ACTIVITY IS TRYING TO GROW OUR ASSETS UNDER MANAGEMENT AND EDUCATE THE COMMUNITY ON WHAT A FOUNDATION DOES AND HOW IT CAN HELP THE ENTIRE COMMUNITY.
Program accomplishments
- FUND ADVISOR SERVICES: THE FARIBAULT FOUNDATION IS DONOR CENTERED, PROVIDING OUR DONOR ADVISED FUNDS (DAF) FUND ADVISORS A MENU OF OPTIONS FOR MAKING GRANT REQUESTS TO THEIR FAVORITE NONPROFITS. FARIBAULT FOUNDATION OFFERS A DONOR PORTAL, WHERE FUND ADVISORS CAN REQUEST GRANTS IN THE SITE. FUND ADVISORS WHO ARE NOT COMFORTABLE WITH TECHNOLOGY CAN SEND AN EMAIL, TEXT, PHONE CALL OR SIMPLY STOP BY THE OFFICE TO GET A GRANT REQUEST STARTED FROM THEIR DAF. OUR EXECUTIVE DIRECTOR IS ON HAND TO PROCESS GRANT REQUESTS FOR FUND ADVISORS IN AN EFFICIENT AND TIMELY MANNER, FOLLOWING OUR DONOR ADVISED FUND GUIDELINES AND ACTIVITY POLICY FOR GRANTMAKING FROM A DAF. DONOR ADVISED FUNDS' INVESTMENTS ARE REVIEWED BY FARIBAULT FOUNDATION INVESTMENT COMMITTEE AND THE BOARD OF DIRECTORS. FUND HOLDER STATEMENTS ARE SENT QUARTERLY.WOMEN WHO CARE/MEN ON A MISSION: PROGRAMING INCLUDES LOCAL PHILANTHROPIST AWARDING GRANTS TO LOCAL NONPROFITS THROUGH THE PROCESS OF IN-PERSON NOMINATION AND VOTING. THIS POPULAR PROGRAM HAS ALLOWED THE FARIBAULT FOUNDATION TO ENGAGE PHILANTHROPISTS LARGE AND SMALL. THROUGH 100 WOMEN WHO CARE OR 100 MEN ON A MISSION, DONORS CAN BE A PART OF GRANTING SIZABLE GRANTS THAT START FROM EVERYONE'S $100 DONATION.COMMUNITY MICROGRANTS: SUPPORTS IMPORTANT PROGRAMS AND ACTIVITIES HAPPENING IN OUR COMMUNITY. THROUGH A SIMPLE GRANT APPLICATION PROCESS, LOCAL NONPROFITS DESCRIBE THEIR PROGRAMS AND ACTIVITIES THAT IMPROVE THE QUALITY OF LIFE FOR FARIBAULT CITIZENS. REQUESTS ARE FOR GRANTS OF $500-$1000. GRANT REPORTS ARE REQUIRED TO KEEP THE FARIBAULT FOUNDATION UP TO DATE ON THE SUCCESS OF THE PROGRAMS AND ACTIVITIES.Expenses $545,925 · grants $438,766 · revenue $898
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-1931735
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $4,696,705
- Income (IRS master file)
- $2,724,280
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,859,138 | $717,175 | $4,696,705 | XML |
| 990 | December 2024 | $2,455,904 | $381,312 | $3,371,360 | XML |
| 990 | December 2023 | $1,129,449 | $136,518 | $1,132,136 | XML |
| 990-N for 2022 Officer: Kymn Anderson | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Kymn Anderson | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Todd Markman | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 41-1931735).
Questions about FARIBAULT FOUNDATION INC
- What is the EIN of FARIBAULT FOUNDATION INC?
- The employer identification number (EIN) of FARIBAULT FOUNDATION INC is 41-1931735.
- Is FARIBAULT FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to FARIBAULT FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FARIBAULT FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FARIBAULT FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FARIBAULT FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of FARIBAULT FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names LAURA BOCK.
- Who are the officers and directors of FARIBAULT FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 10 people; 1 received compensation from the organization, the highest $85,670 (LAURA BOCK, EXECUTIVE DIRECTOR).
- How much revenue does FARIBAULT FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,859,138, expenses of $717,175 and total assets of $4,696,705 at year end.
Other nonprofits in FARIBAULT
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- TREVOR AND CAREN PUTRAH FOUNDATION EIN 92-1230563 · last filed 990-PF for 2025
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- FOSTER FAMILY FOUNDATION EIN 37-2156368 · last filed 990-PF for 2025
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