Nonprofit · EIN 83-0995816
3M OPEN FUND
Also known as 3M OPEN
Tax-exempt · BLAINE, MN 55449
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $19,742,547 | $20,294,865 | -$552,318 | $4,885,899 | $10,182,057 | -$5,296,158 |
| September 30, 2024 | 990 | $19,392,834 | $19,422,813 | -$29,979 | $6,728,926 | $11,472,766 | -$4,743,840 |
| September 30, 2023 | 990 | $20,061,297 | $18,531,372 | $1,529,925 | $3,728,231 | $8,079,679 | -$4,351,448 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $5,509,147
- Program service revenue
- $13,769,300
- Investment income
- $0
- Other revenue
- $464,100
Expenses
- Grants and similar amounts paid
- $700,373
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $90,116
- Occupancy
- $249,333
- Travel
- $97,816
- Depreciation
- $435,000
- Program services (functional)
- $16,637,800
- Management and general (functional)
- $1,822,947
- Fundraising (functional)
- $1,834,118
Balance sheet and other
- Total assets, start of year
- $6,728,926
- Total assets, end of year
- $4,885,899
- Total liabilities, end of year
- $10,182,057
- Net assets, end of year
- -$5,296,158
- Land, buildings and equipment
- $101,387
- Net assets without donor restrictions
- -$5,596,158
- Net assets with donor restrictions
- $300,000
- Gross receipts
- $19,742,547
- Employees
- 11
- Volunteers
- 1,636
- 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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERI REINSETH | TREASURER Trustee or director, Officer | 0.5 | $0 |
| JOHN BANOVETZ | DIRECTOR Trustee or director | 0.5 | $0 |
| JEFF LAVERS | PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| KADY STOLL | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| CARRIE HIGGS | DIRECTOR Trustee or director | 0.5 | $0 |
| RANDALL MCDANIEL | DIRECTOR Trustee or director | 0.5 | $0 |
| ARIA SAMENI | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended September 30, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DON ASHTON | TREASURER Trustee or director, Officer | 0.5 | $0 |
| TORIE CLARKE | DIRECTOR Trustee or director | 0.5 | $0 |
| JOHN BANOVETZ | DIRECTOR Trustee or director | 0.5 | $0 |
| JEFF LAVERS | PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| KADY STOLL | SECRETARY Trustee or director, Officer | 2.5 | $0 |
| CARRIE HIGGS | DIRECTOR Trustee or director | 0.5 | $0 |
| RANDALL MCDANIEL | DIRECTOR Trustee or director | 0.5 | $0 |
| MIKE PAGE | DIRECTOR Trustee or director | 0.5 | $0 |
| JOE PAUL | DIRECTOR Trustee or director | 0.5 | $0 |
| ARIA SAMENI | DIRECTOR Trustee or director | 0.5 | $0 |
| JENNIFER HINES | ASSISTANT SECRETARY Officer | 0.5 | $0 |
990 for the year ended September 30, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DON ASHTON | TREASURER Trustee or director, Officer | 2.5 | $0 |
| JIM FALL | DIRECTOR Trustee or director | 2.5 | $0 |
| JOHN BANOVETZ | DIRECTOR Trustee or director | 2.5 | $0 |
| JEFF LAVERS | PRESIDENT Trustee or director, Officer | 2.5 | $0 |
| KADY STOLL | SECRETARY Trustee or director, Officer | 2.5 | $0 |
| CARRIE HIGGS | DIRECTOR Trustee or director | 2.5 | $0 |
| JAMES MOMAN | DIRECTOR Trustee or director | 2.5 | $0 |
| RANDALL MCDANIEL | DIRECTOR Trustee or director | 2.5 | $0 |
| JON NUDI | DIRECTOR Trustee or director | 2.5 | $0 |
| MIKE PAGE | DIRECTOR Trustee or director | 2.5 | $0 |
| JOE PAUL | DIRECTOR Trustee or director | 2.5 | $0 |
| ARIA SAMENI | DIRECTOR Trustee or director | 2.5 | $0 |
| JENNIFER HINES | ASSISTANT SECRETARY Officer | 2.5 | $0 |
Address and contacts
- Address (IRS master file)
- 11074 RADISSON RD NE, BLAINE, MN 55449-5303
- In care of
- % BILL NADON
- Mailing address (990-N for 2017)
- 11074 Radisson Road NE, Blaine MN 55449
- Principal officer (990 for 2024)
- KADY STOLL, 11074 RADISSON ROAD NORTHEAST, BLAINE, MN 55449
- Principal officer (990-N for 2017)
- Kady Stoll, 11074 Radisson Road NE, Blaine MN 55449
- Signed the 990
- KADY STOLL, SECRETARY
- Phone
- (763) 783-9000
- Website
- www.3mopen.com
- Return prepared by
- COPELAND BUHL & COMPANY PLLP
Mission
3M OPEN FUND IS A NONPROFIT ORGANIZATION CREATED TO RUN AN ANNUAL PGA TOUR SANCTIONED PROFESSIONAL GOLF TOURNAMENT THAT WILL CONTRIBUTE POSITIVELY TO THE LIFE IN THE COMMUNITY THROUGH DONATIONS OF THE NET PROCEEDS FROM THE EVENT.
Program accomplishments
- THE ORGANIZATION HELD A PGA TOUR SANCTIONED PROFESSIONAL GOLF TOURNAMENT IN JULY.Expenses $16,637,800 · grants $700,373 · revenue $14,233,400
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 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 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 83-0995816
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T31)
- Assets (IRS master file)
- $4,885,899
- Income (IRS master file)
- $19,742,547
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $19,742,547 | $20,294,865 | $4,885,899 | XML |
| 990 | September 2024 | $19,392,834 | $19,422,813 | $6,728,926 | XML |
| 990 | September 2023 | $20,061,297 | $18,531,372 | $3,728,231 | XML |
| 990 | September 2022 | $18,352,790 | $17,590,531 | $3,171,074 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990-N for 2017 Officer: Kady Stoll | September 30, 2018 | ≤ $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 83-0995816).
Questions about 3M OPEN FUND
- What is the EIN of 3M OPEN FUND?
- The employer identification number (EIN) of 3M OPEN FUND is 83-0995816.
- Is 3M OPEN FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to 3M OPEN FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does 3M OPEN FUND 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 3M OPEN FUND due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did 3M OPEN FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of 3M OPEN FUND?
- The 990 for the year ended September 30, 2025 names KADY STOLL.
- Who are the officers and directors of 3M OPEN FUND?
- The 990 for the year ended September 30, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does 3M OPEN FUND have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $19,742,547, expenses of $20,294,865 and total assets of $4,885,899 at year end.
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