Nonprofit · EIN 41-6017088
TARGET FOUNDATION
Tax-exempt · MINNEAPOLIS, MN 55440
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| February 1, 2025 | 990-PF | $2,775,406 | $25,169,784 | -$22,394,378 | $73,909,184 | $2,000,000 | $71,909,184 |
| February 3, 2024 | 990-PF | $57,393,098 | $26,443,749 | $30,949,349 | $92,692,164 | $22,230 | $92,669,934 |
Financial details: 990-PF for the year ended February 1, 2025
Revenue
- Interest
- $2,775,406
Expenses
- Grants and similar amounts paid
- $25,075,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $23,075,009
- Excise tax on investment income
- $37,779
Balance sheet and other
- Total assets, start of year
- $92,692,164
- Total assets, end of year
- $73,909,184
- Total liabilities, end of year
- $2,000,000
- Net assets, end of year
- $71,909,184
- Fair market value of assets
- $73,909,184
- Qualifying distributions
- $23,075,009
- Net investment income
- $2,775,406
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 February 1, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KIERA FERNANDEZ PO BOX 1455, MINNEAPOLIS, MN 554401455 | PRESIDENT & CHAIR | 1 | $0 |
| BILL FOUDY PO BOX 1455, MINNEAPOLIS, MN 554401455 | TRUSTEE | 0.25 | $0 |
| DAVE DONLIN PO BOX 1455, MINNEAPOLIS, MN 554401455 | SECRETARY | 0.05 | $0 |
| DEXTER NEWMAN PO BOX 1455, MINNEAPOLIS, MN 554401455 | TRUSTEE | 0.25 | $0 |
| JANINE BROWN PO BOX 1455, MINNEAPOLIS, MN 554401455 | ASSISTANT TREASURER | 0.05 | $0 |
| PAM TOMCZIK PO BOX 1455, MINNEAPOLIS, MN 554401455 | TREASURER | 0.05 | $0 |
| AMANDA VELA PO BOX 1455, MINNEAPOLIS, MN 554401455 | TRUSTEE (BEG 05/24) | 0.25 | $0 |
| SOUSAN ORTEGA PO BOX 1455, MINNEAPOLIS, MN 554401455 | TRUSTEE (BEG 03/24) | 0.25 | $0 |
990-PF for the year ended February 3, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KIERA FERNANDEZ PO BOX 1455, MINNEAPOLIS, MN 554401455 | PRESIDENT & CHAIR (BEG 11/23) | 1 | $0 |
| BILL FOUDY PO BOX 1455, MINNEAPOLIS, MN 554401455 | TRUSTEE | 0.25 | $0 |
| DAN FLEMING PO BOX 1455, MINNEAPOLIS, MN 554401455 | ASST TREASURER (END 07/23) | 0.05 | $0 |
| DAVE DONLIN PO BOX 1455, MINNEAPOLIS, MN 554401455 | SECRETARY | 0.05 | $0 |
| DEXTER NEWMAN PO BOX 1455, MINNEAPOLIS, MN 554401455 | TRUSTEE | 0.25 | $0 |
| JANINE BROWN PO BOX 1455, MINNEAPOLIS, MN 554401455 | ASSISTANT TREASURER | 0.05 | $0 |
| PAM TOMCZIK PO BOX 1455, MINNEAPOLIS, MN 554401455 | TREASURER | 0.05 | $0 |
| YU-PING KAO PO BOX 1455, MINNEAPOLIS, MN 554401455 | TRUSTEE (END 04/23) | 0.25 | $0 |
| AMANDA NUSZ PO BOX 1455, MINNEAPOLIS, MN 554401455 | PRESIDENT & CHAIR (END 11/23) | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1455, MINNEAPOLIS, MN 55440-1455
- Signed the 990-PF
- JANINE BROWN, ASSISTANT TREASURER
- Phone
- (612) 761-9219
- Return prepared by
- DELOITTE TAX LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in January, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | January 31, 2026 | June 15, 2026 | Not on file |
| 2024 | January 31, 2025 | June 16, 2025 | Check at the IRS |
| 2023 | January 31, 2024 | June 17, 2024 | Check at the IRS |
IRS record
- EIN
- 41-6017088
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1928
- Accounting year ends
- January
- Files
- Form 990-PF
- Assets (IRS master file)
- $73,909,184
- Income (IRS master file)
- $2,775,406
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | February 2025 | $2,775,406 | $25,169,784 | $73,909,184 | XML |
| 990-PF | February 2024 | $57,393,098 | $26,443,749 | $92,692,164 | XML |
| 990-PF | January 2023 | – | – | – | IRS |
| 990-PF | January 2022 | – | – | – | IRS |
| 990-PF | January 2021 | – | – | – | 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 41-6017088).
Questions about TARGET FOUNDATION
- What is the EIN of TARGET FOUNDATION?
- The employer identification number (EIN) of TARGET FOUNDATION is 41-6017088.
- Is TARGET FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1928.
- Are donations to TARGET FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does TARGET FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of TARGET FOUNDATION due?
- The return for tax year 2025 (the year ending January 31, 2026) is due June 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TARGET FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended February 2025.
- Who are the officers and directors of TARGET FOUNDATION?
- The 990-PF for the year ended February 1, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does TARGET FOUNDATION have?
- On its 990-PF for the year ended February 1, 2025 it reported revenue of $2,775,406, expenses of $25,169,784 and total assets of $73,909,184 at year end.
Other nonprofits in MINNEAPOLIS
- THRIVENT FINANCIAL FOR LUTHERANS EIN 39-0123480 · last filed 990 for 2024
- UCARE MINNESOTA EIN 36-3573805 · last filed 990 for 2025
- ALLINA HEALTH SYSTEM EIN 36-3261413 · last filed 990 for 2024
- FAIRVIEW HEALTH SERVICES EIN 41-0991680 · last filed 990 for 2024
- HENNEPIN HEALTHCARE SYSTEM INC EIN 42-1707837 · last filed 990 for 2024
- STRATACOR EIN 41-1852523 · last filed 990 for 2024
- CHILDRENS HEALTH CARE EIN 41-1754276 · last filed 990 for 2024
- UNIVERSITY OF MINNESOTA PHYSICIANS EIN 41-1843943 · last filed 990 for 2025