Nonprofit · EIN 82-5085997
THIELEN FOUNDATION INC
Tax-exempt · MINNEAPOLIS, MN 55401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,203,423 | $597,634 | $605,789 | $2,406,456 | $1,530 | $2,404,926 |
| December 31, 2023 | 990 | $1,223,984 | $441,040 | $782,944 | $1,856,246 | $57,110 | $1,799,136 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $846,427
- Program service revenue
- $0
- Investment income
- $2,507
- Net income from fundraising events
- $162,187
- Net income from sales of inventory
- -$18,413
- Other revenue
- $354,489
Expenses
- Grants and similar amounts paid
- $460,182
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $3,265
- Accounting fees
- $28,145
- Travel
- $1,893
- Program services (functional)
- $551,971
- Management and general (functional)
- $45,663
Balance sheet and other
- Total assets, start of year
- $1,856,246
- Total assets, end of year
- $2,406,456
- Total liabilities, end of year
- $1,530
- Net assets, end of year
- $2,404,926
- Publicly traded securities
- $1,844,077
- Net assets without donor restrictions
- $2,404,926
- Gross receipts
- $1,514,643
- Employees
- 0
- Volunteers
- 40
- Year formed
- 2018
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ADAM THIELEN | PRESIDENT Trustee or director, Officer | 4 | $0 |
| CAITLIN THIELEN | VICE PRESIDENT Trustee or director, Officer | 6 | $0 |
| LUKAS INVEISS | TREASURER Trustee or director, Officer | 8 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ADAM THIELEN | PRESIDENT Trustee or director, Officer | 4 | $0 |
| CAITLIN THIELEN | VICE PRESIDENT Trustee or director, Officer | 6 | $0 |
| LUKAS INVEISS | TREASURER Trustee or director, Officer | 8 | $0 |
Address and contacts
- Address (IRS master file)
- 314 1ST AVE N STE 200, MINNEAPOLIS, MN 55401-2852
- In care of
- % LUKE INVEISS
- Principal officer (990 for 2024)
- LUKAS INVEISS, 314 1ST AVE N 200, MINNEAPOLIS, MN 55401
- Signed the 990
- LUKAS INVEISS, OFFICER
- Phone
- (320) 291-6119
- Website
- WWW.THIELENFOUNDATION.ORG
- Return prepared by
- FROEHLING ANDERSON LTD
Mission
THE THIELEN FOUNDATION HAS BEEN FORMED TO HELP SERVE, EDUCATE AND INSPIRE THOSE IN NEED. WITH AN OVERARCHING THEME ON YOUTH DEVELOPMENT, THE THIELEN FOUNDATION AIMS TO CREATE PROGRAMS THAT WILL EQUIP AND EMPOWER KIDS TO REACH THEIR FULL POTENTIAL IN LIFE.
Program accomplishments
- HERE AT THE THIELEN FOUNDATION, WE BELIEVE IN THE POWER OF SPORT. THE POWER OF SPORT CAN CHANGE OUR SOCIETY BY SHOWCASING OUR DIFFERENCES AND SIMILARITIES AND HOW WE CAN COME TOGETHER AS A TEAM TO ACHIEVE A GREATER GOAL. WE ALSO BELIEVE THE ZIP CODE YOU ARE BORN IN SHOULD NOT DETERMINE YOUR FUTURE POTENTIAL WHICH IS WHY WE DEVELOPED THE #CHANGETHRUSPORT CAMPAIGN. THE #CHANGETHRUSPORT PROGRAM WAS DEVELOPED IN 2020 TO STAND IN THE GAP FOR UNDERSERVED YOUTH IN THE UPPER MIDWEST. THE THIELEN FOUNDATION BOLDLY PUTS ITS PASSION INTO ACTION BY PROVIDING FINANCIAL SUPPORT, MUCH NEEDED SPORTS EQUIPMENT AND APPAREL, ALONG WITH HOPE AND INSPIRATION FOR YOUTH TO DREAM BIG AND ATTAIN THEIR GOALS ON AND OFF THE PLAYING FIELD AND SET THEM UP FOR SUCCESS IN LIFE. IN 2024, THIELEN FOUNDATION TOOK ON TWO NEW PARTNER HIGH SCHOOLS, ONE IN ST. PAUL, MN (COMO HS) AND ONE IN CHARLOTTE, NC (MALLARD CREEK HS) -- AND DID A COMPLETE MAKEOVER OF THEIR WEIGHT ROOMS AND ADDED THEIR SCHOOLS TO OUR LEGACY PROGRAM OF GIVING $50,000 IN 5 - $1,000 STUDENT ATHLETES SCHOLARSHIPS ANNUALLY, OVER THE NEXT 10 YEARS. TO DATE, THE THIELEN FOUNDATION HAS DONATED TO YOUTH ATHLETIC TEAMS, HIGH SCHOOLS AND ORGANIZATIONS THAT WERE IN DIRE NEED OF FUNDING AND EQUIPMENT TO KEEP THEIR PROGRAMMING UP AND TO PROVIDE CONSISTENT TRAINING, DISCIPLINE AND POSITIVE CHARACTER BUILDING THROUGH COACHINGExpenses $406,971 · grants $315,182
- THIELEN FOUNDATION PARTNERED WITH CRISIS ASSISTANCE MINISTRY IN CHARLOTTE, NC TO PROVIDE FINANCIAL RESOURCES TOWARDS RENT AND ALSO A CHRISTMAS EXPERIENCE WHERE FAMILIES WERE ABLE TO 'SHOP' FOR COATS AND TOYS. THIELEN FOUNDATION DONATED $45,000 TO BE ABLE TO SUPPORT FAMILIES IN NEED IN PARTNERSHIP, INCREASING THE THIELEN FOUNDATION'S HOLIDAY GIVING PROGRAM THAT IS RAN ANNUALLY IN MINNESOTA WITH SALVATION ARMY (AN ADDITIONAL $10,000) FOR FAMILIES IN NEED.Expenses $45,000 · grants $45,000
- TF DONATED $100,000 TO THE COMPLETION OF ZANEWOOD YOUTH RECREATION CENTER. THE BROOKLYN PARK COMMUNITY DID NOT HAVE A FACILITY FOR YOUTH TO EXIST IN AND HAVE PROGRAMS FOR RECREATION, HEALTH AND WELLNESS. THIS DONATION FROM THIELEN FOUNDATION WILL OFFER FINISHING TOUCHES SUCH AS BLEACHERS IN THE GYM SPACE AND MORE AREAS FOR YOUTH TO GATHER IN AN ATMOSPHERE OF HEALTH AND WELLNESS.Expenses $100,000 · grants $100,000
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 | Not 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
- 82-5085997
- 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
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $2,406,456
- Income (IRS master file)
- $1,514,643
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,203,423 | $597,634 | $2,406,456 | IRS |
| 990 | December 2023 | $1,223,984 | $441,040 | $1,856,246 | XML |
| 990 | December 2022 | $1,495,703 | $1,615,253 | $1,355,279 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 82-5085997).
Questions about THIELEN FOUNDATION INC
- What is the EIN of THIELEN FOUNDATION INC?
- The employer identification number (EIN) of THIELEN FOUNDATION INC is 82-5085997.
- Is THIELEN FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to THIELEN FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THIELEN 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 THIELEN FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THIELEN FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THIELEN FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names LUKAS INVEISS.
- Who are the officers and directors of THIELEN FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does THIELEN FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,203,423, expenses of $597,634 and total assets of $2,406,456 at year end.
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