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Nonprofiteer
← TB1 FUND INC

Form 990 for tax year 2022

Filed by TB1 FUND INC.

Totals

Total revenue
$449,902
Total expenses
$403,245
Contributions and grants received
$419,780
Grants paid
$230,083
Program service revenue
$0
Investment income
$0
Other revenue
$30,122
Total assets, end of year
$150,545
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$150,545
Program services expenses (Part IX)
$373,825
Management and general expenses
$29,420
Fundraising expenses
$0
Program service expenses (Part III)
$373,825

Program services were 92.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $341,142

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $78,638

  • 1g · Noncash contributions included above

    $7,237

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $0 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $0

  • 7b · Less cost or other basis and sales expenses

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 7d · Net gain or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $196,070

  • 8a · Fundraising events: contributions included on line 1c

    $341,142

  • 8b · Fundraising events: direct expenses

    $165,948

  • 8c · Net income from fundraising events

    total $30,122 · unrelated business $0 · excluded $30,122

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $230,083 · program services $230,083

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $8,875 · program services $0 · management and general $8,875 · fundraising $0

  • 11c · Fees: accounting

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $11,366 · program services $0 · management and general $11,366 · fundraising $0

  • 12 · Advertising and promotion

    total $6,308 · program services $3,798 · management and general $2,510

  • 13 · Office expenses

    total $2,596 · program services $0 · management and general $2,596 · fundraising $0

  • 14 · Information technology

    total $1,487 · program services $0 · management and general $1,487 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $285 · program services $0 · management and general $285 · fundraising $0

  • 17 · Travel

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $336 · program services $0 · management and general $336 · fundraising $0

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $1,965 · program services $0 · management and general $1,965

  • 24a · Other expenses: VIP Experiences

    total $121,036 · program services $121,036 · management and general $0 · fundraising $0

  • 24b · Other expenses: Hospitality for Patients & Families

    total $13,596 · program services $13,596 · management and general $0 · fundraising $0

  • 24c · Other expenses: Toys for Adopted Toy Closet

    total $5,312 · program services $5,312 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $103,888 · end of year $150,545

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $103,888 · end of year $150,545

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

TB1Fund's mission is to brighten days for patients and families at M Health Fairview Masonic Children's Hospital. Our primary goal is to help patients focus on recovery by providing items and experiences that not only distract and engage them, but also encourage recovery, be it mental, physical or emotional.

  • Programs aimed to provided patients and families who are dealing with life changing diagnosis a VIP experience. Experiences include Gophers Football Suite, 3M Open Cabin, MN Vikings Suite or Premium Tickets and MN Wild Suite. These offerings provide the patient and families an all-inclusive VIP experience, which may never otherwise be possible.

    Expenses $132,547

  • Hospitality Days for Patients & Families with varying offerings from local community partners.

    Expenses $5,883

  • TB1 Fund adopted Toy Closet ensuring patients and families have games, books, activities while they are inpatient.

    Expenses $5,312

  • Grants awarded to other 501(c)(3) organizations (See Schedule I)

    Expenses $230,083 · Grants $230,083

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Daniel Battaglia

    President

    Total calculated
    $0
    Hours/week
    3

  • Jeffrey Bradley

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • David Canfield

    Secretary

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
3 September 2023
IRS schema version
2022v5.0
Source object
202333009349300113

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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