Nonprofit · EIN 88-0602303
MINNESOTA FASTBREAK FOUNDATION
Tax-exempt · MINNEAPOLIS, MN 55403
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $470,501 | $32,517 | $437,984 | $805,228 | $0 | $805,228 |
| September 30, 2024 | 990 | $519,365 | $152,621 | $366,744 | $367,244 | $0 | $367,244 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $92,741
- of which government grants
- $60,300
- Program service revenue
- $0
- Investment income
- $19,079
- Net income from sales of inventory
- $358,681
- Other revenue
- $358,681
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $1,126
- Program services (functional)
- $19,220
- Management and general (functional)
- $13,297
Balance sheet and other
- Total assets, start of year
- $367,244
- Total assets, end of year
- $805,228
- Total liabilities, end of year
- $0
- Net assets, end of year
- $805,228
- Net assets without donor restrictions
- $805,228
- Gross receipts
- $490,072
- Employees
- 0
- Volunteers
- 13
- Year formed
- 2022
- 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 |
|---|---|---|---|
| GLEN A TAYLOR | BOARD MEMBER (UNTIL APRIL) Trustee or director | 0.3 | $0 |
| ETHAN CASSON | BOARD MEMBER (UNTIL APRIL) Trustee or director | 0.3 | $0 |
| BRETT CARTER | BOARD MEMBER Trustee or director | 0.3 | $0 |
| KATE QUINN | BOARD MEMBER Trustee or director | 0.3 | $0 |
| CHANDA SMITH BAKER | BOARD MEMBER Trustee or director | 0.3 | $0 |
| GAVIN KAYSEN | BOARD MEMBER Trustee or director | 0.3 | $0 |
| REBEKKAH BRUNSON | BOARD MEMBER Trustee or director | 0.3 | $0 |
| JENNIFER RIDGEWAY | EXECUTIVE DIRECTOR Officer | 2.5 | $0 |
| PETE STENE | TREASURER Officer | 0.5 | $0 |
| SUZANNE M SPELLACY | SECRETARY Officer | 0.5 | $0 |
990 for the year ended September 30, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JENNIFER RIDGEWAY | EXECUTIVE DIRECTOR Officer | 2.5 | $0 |
| PETE STENE | TREASURER Officer | 0.5 | $0 |
| SUZANNE M SPELLACY | SECRETARY Officer | 0.5 | $0 |
| GLEN A TAYLOR | BOARD MEMBER Trustee or director | 0.25 | $0 |
| ETHAN CASSON | BOARD MEMBER Trustee or director | 0.25 | $0 |
| BRETT CARTER | BOARD MEMBER Trustee or director | 0.25 | $0 |
| KATE QUINN | BOARD MEMBER Trustee or director | 0.25 | $0 |
| CHANDA SMITH BAKER | BOARD MEMBER Trustee or director | 0.25 | $0 |
| GAVIN KAYSEN | BOARD MEMBER Trustee or director | 0.25 | $0 |
| REBEKKAH BRUNSON | BOARD MEMBER Trustee or director | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- 600 HENNEPIN AVE STE 300, MINNEAPOLIS, MN 55403-1819
- In care of
- % PETE STENE
- Mailing address (990-N for 2022)
- 600 HENNEPIN AVE STE 300, MINNEAPOLIS MN 55403
- Principal officer (990 for 2024)
- SONDRA CIESIELSKI, 600 HENNEPIN AVE STE 300, MINNEAPOLIS, MN 55403
- Principal officer (990-N for 2022)
- JENNIFER RIDGEWAY, 600 HENNEPIN AVE STE 300, MINNEAPOLIS MN 55403
- Signed the 990
- SONDRA CIESIELSKI, EXECUTIVE DIRECTOR
- Phone
- (612) 673-1208
- Return prepared by
- EIDE BAILLY ADVISORY LLC
Mission
THE MISSION OF THE MINNESOTA FASTBREAK FOUNDATION IS TO HAVE A MEANINGFUL IMPACT IN THE COMMUNITIES WHERE WE LIVE, WORK AND PLAY.
Program accomplishments
- TICKETS FOR KIDS: EACH SEASON, SUPPORTERS OF THE TICKETS FOR KIDS PROGRAM DONATE NBA OR WNBA TICKETS TO THE MINNESOTA FASTBREAK FOUNDATION, WHICH ARE THEN DISTRIBUTED TO NON-PROFITS THAT SUPPORT UNDER-RESOURCED COMMUNITIES; ALLOWING THEM TO EXPERIENCE A TIMBERWOLVES OR LYNX GAME IN PERSON. THE FOUNDATION WORKS WITH MORE THEN 200 ORGANIZATIONS ACROSS THE STATE OF MINNESOTA.Expenses $19,220
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 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 88-0602303
- 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
- 2022
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $805,228
- Income (IRS master file)
- $490,072
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $470,501 | $32,517 | $805,228 | XML |
| 990 | September 2024 | $519,365 | $152,621 | $367,244 | XML |
| 990-N for 2022 Officer: JENNIFER RIDGEWAY | September 30, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2021 Officer: JENNIFER RIDGEWAY | September 30, 2022 | ≤ $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 88-0602303).
Questions about MINNESOTA FASTBREAK FOUNDATION
- What is the EIN of MINNESOTA FASTBREAK FOUNDATION?
- The employer identification number (EIN) of MINNESOTA FASTBREAK FOUNDATION is 88-0602303.
- Is MINNESOTA FASTBREAK FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to MINNESOTA FASTBREAK FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MINNESOTA FASTBREAK FOUNDATION 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 MINNESOTA 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 MINNESOTA FASTBREAK FOUNDATION 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 MINNESOTA FASTBREAK FOUNDATION?
- The 990 for the year ended September 30, 2025 names SONDRA CIESIELSKI.
- Who are the officers and directors of MINNESOTA FASTBREAK FOUNDATION?
- The 990 for the year ended September 30, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does MINNESOTA FASTBREAK FOUNDATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $470,501, expenses of $32,517 and total assets of $805,228 at year end.
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