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Nonprofiteer
← THIELEN FOUNDATION INC

Form 990 for tax year 2022

Filed by THIELEN FOUNDATION INC.

Totals

Total revenue
$1,495,703
Total expenses
$1,615,253
Contributions and grants received
$1,639,396
Grants paid
$1,503,460
Program service revenue
$0
Investment income
$11,090
Other revenue
-$154,783
Total assets, end of year
$1,355,279
Total liabilities, end of year
$339,089
Net assets or fund balances, end of year
$1,016,190
Program services expenses (Part IX)
$1,582,185
Management and general expenses
$33,068
Fundraising expenses
$0
Program service expenses (Part III)
$1,582,185

Program services were 98.0% 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.

  • 1f · All other contributions, gifts and grants

    $1,639,396

  • 3 · Investment income

    total $11,090 · excluded $11,090

  • 8a · Fundraising events: gross income

    $494,144

  • 8b · Fundraising events: direct expenses

    $440,029

  • 8c · Net income from fundraising events

    total $54,115 · excluded $54,115

  • 10a · Gross sales of inventory

    $49,188

  • 10b · Cost of goods sold

    $66,546

  • 10c · Net income from sales of inventory

    total -$17,358 · related or exempt -$17,358

  • 11a · Other revenue: OTHER INCOME

    total $25,614 · related or exempt $25,614

  • 11b · Other revenue: REALIZED LOSS ON INVES

    total -$217,154 · related or exempt -$217,154

  • 11e · Other revenue, total

    -$191,540

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,503,460 · program services $1,503,460

  • 11a · Fees: management

    total $69,771 · program services $65,443 · management and general $4,328

  • 11b · Fees: legal

    total $433 · management and general $433

  • 11c · Fees: accounting

    total $24,240 · management and general $24,240

  • 11f · Fees: investment management

    total $9,147 · program services $9,147

  • 13 · Office expenses

    total $2,134 · program services $2,134

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $2,500 · management and general $2,500

  • 24b · Other expenses: BANK CHARGES

    total $2,001 · program services $2,001

  • 24c · Other expenses: MISCELLANEOUS

    total $1,567 · management and general $1,567

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $413,198 · end of year $285,268

  • 3 · Pledges and grants receivable

    beginning of year $25,000

  • 4 · Accounts receivable

    beginning of year $16,132 · end of year $59,187

  • 8 · Inventories for sale or use

    end of year $4,990

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,000 · end of year $5,000

  • 11 · Investments: publicly traded securities

    beginning of year $689,962 · end of year $1,000,834

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,552 · end of year $39,089

  • 18 · Grants payable

    beginning of year $20,000 · end of year $300,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,115,740 · end of year $1,016,190

  • 28 · Net assets with donor restrictions

    beginning of year $20,000 · end of year $0

Mission and programs · 2022

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.

Activities or mission (Part I)

ADAM THIELEN IS AN AMERICAN FOOTBALL WIDE RECEIVER WHO PLAYS IN THE NFL FOR THE CAROLINA PANTHERS. TOGETHER WITH HIS WIFE, CAITLIN, AND SONS, ASHER AND HUDSON, 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.

  • HERE AT THIELEN FOUNDATION, WE BELIEVE IN THE POWER OF SPORT. THE POWER OF SPORT TO CHANGE OUR SOCIETY BY SHOWCASING OUR DIFFERENCES ANDSIMILARITIES 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 NOTDETERMINE 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. 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.TO DATE, 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 COACHING.

    Expenses $990,293 · Grants $911,568

  • SALVATION ARMY:THIELEN FOUNDATION HAS CONTINUED TO SUPPORT SALVATION ARMY WITH FUNDING THAT HELPS AMERICANS OVERCOME POVERTY, ADDICTION, AND ECONOMIC HARDSHIPS THROUGH A RANGE OF SOCIAL SERVICES.

    Expenses $105,084 · Grants $105,084

  • SECOND HARVEST HEARTLAND:SECOND HARVEST HEARLAND IS A NON-PROFIT BASED IN MINNESOTA. THEIR MISSION IS TO END HUNGER TOGETHER.

    Expenses $100,000 · Grants $100,000

  • MASONIC CHILDREN'S HOSPITAL, THEILEN SCHOLARSHIP, URBAN VENTURES, PLAY TO YOUR STRENGTHS, BIO GIRLS, HUMBOLDT HIGH SCHOOL

    Expenses $386,808 · Grants $386,808

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

Listed in Part VII

  • Adam Thielen

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Caitlin Thielen

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    6

  • Lukas Inveiss

    TREASURER

    Total calculated
    $0
    Hours/week
    8

  • Kevin Flynn

    ADVISORY BOARD MEMBERS

    Total calculated
    $0
    Hours/week
    4

  • Kayleen Alexson

    ADVISORY BOARD MEMBERS

    Total calculated
    $0
    Hours/week
    4

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202343189349307744

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

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