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Nonprofiteer
← THIELEN FOUNDATION INC

Form 990 for tax year 2023

Filed by THIELEN FOUNDATION INC.

Totals

Total revenue
$1,223,984
Total expenses
$441,040
Contributions and grants received
$891,346
Grants paid
$348,603
Program service revenue
$0
Investment income
$3,735
Other revenue
$328,903
Total assets, end of year
$1,856,246
Total liabilities, end of year
$57,110
Net assets or fund balances, end of year
$1,799,136
Program services expenses (Part IX)
$394,099
Management and general expenses
$46,941
Fundraising expenses
$0
Program service expenses (Part III)
$394,099

Program services were 89.4% 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

    $891,346

  • 3 · Investment income

    total $3,735 · excluded $3,735

  • 8a · Fundraising events: gross income

    $401,160

  • 8b · Fundraising events: direct expenses

    $323,081

  • 8c · Net income from fundraising events

    total $78,079 · excluded $78,079

  • 10a · Gross sales of inventory

    $49,079

  • 10b · Cost of goods sold

    $16,700

  • 10c · Net income from sales of inventory

    total $32,379 · related or exempt $32,379

  • 11a · Other revenue: INVESTMENT RETURNS

    total $218,445 · related or exempt $218,445

  • 11e · Other revenue, total

    $218,445

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $348,603 · program services $348,603

  • 11a · Fees: management

    total $52,843 · program services $45,496 · management and general $7,347

  • 11b · Fees: legal

    total $2,866 · management and general $2,866

  • 11c · Fees: accounting

    total $19,532 · management and general $19,532

  • 13 · Office expenses

    total $7,037 · management and general $7,037

  • 24a · Other expenses: BANK CHARGES

    total $4,382 · management and general $4,382

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $3,700 · management and general $3,700

  • 24c · Other expenses: OTHER EVENT EXPENSES

    total $2,077 · management and general $2,077

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $285,268 · end of year $115,987

  • 4 · Accounts receivable

    beginning of year $59,187 · end of year $26,200

  • 8 · Inventories for sale or use

    beginning of year $4,990 · end of year $5,313

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,000 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $1,000,834 · end of year $1,708,746

  • 17 · Accounts payable and accrued expenses

    beginning of year $39,089 · end of year $17,110

  • 18 · Grants payable

    beginning of year $300,000 · end of year $40,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,016,190 · end of year $1,799,136

Mission and programs · 2023

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 THE THIELEN FOUNDATION, WE BELIEVE IN THE POWER OF SPORT. THE POWER OF SPORT CAN 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. 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.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 COACHING.

    Expenses $289,517 · Grants $244,021

  • JOHNSON FITNESS & WELLNESS: TF PURCHASED ALL NEW FITNESS EQUIPMENT VIA JOHNSON FITNESS & WELLNESS FOR THE PURPOSE OF RENOVATING THE RED LAKE HIGH SCHOOL WEIGHT ROOM FOR ALL THE STUDENT ATHLETES, COACHES, STUDENT BODY AND COMMUNITY TO USE. THE OVERALL PURPOSE IS TO BE A FIRST-CLASS FACILITY AND ENVIRONMENT FOR A COMMUNITY AND SCHOOL WHO ARE ECOMONICALLY STRUGGLING SO THEIR STUDENTS CAN TAKE PRIDE IN THEIR SCHOOL AND WANT TO WORK OUT AND IMPROVE THEIR OVERALL HEALTH, FITNESS AND WELLNESS SO THEY CAN MOVE FORWARD TO A SUCCESSFUL FUTURE.

    Expenses $59,582 · Grants $59,582

  • BIG BROTHERS BIG SISTERS OF TWIN CITIES:TF'S MISSION PERFECTLY ALIGNS WITH BBBS OF TWIN CITIES -- SO WE WERE PROUD TO DONATE THE PROCEEDS FROM THE 2023 TF CELEBRITY SOFTBALL GAME TO THIS ORGANIZATION THAT WILL APPLY THE FUNDS TO RESOURCES AND PROGRAMS NEEDED FOR THEIR YOUTH MENTORSHIP PROGRAM -- AGAIN, SUPPORTING YOUTH IN REACHING THEIR FULL POTENTIAL IN LIFE.

    Expenses $45,000 · Grants $45,000

As filed on the 2023 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

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

  • JOHNSON FITNESS & WELLNESS

    $59,582

    FITNESS EQUIPMENT FOR A NEWLY RENOVATED WEIGHT ROOM AT RED LAKE HIGH SCHOOL TO ASSURE SAFETY AND WELLNESS OF STAFF, ATHLETES, COACHES, AND STUDENT BODY

  • DONATION FROM CELEB SOFTBALL GAME TO SUPPORT BBBS YOUTH PROGRAMMING IN THE TWIN CITIES.

  • DONATED FUNDS TO HELP OUT FAMILIES WITH KIDS WHO NEED ASSISTANCE WITH RENT, FOOD AND CLOTHING IN CHARLOTTE AREA.

  • MED CITY INSTALLATION

    $36,715

    NEW COMMERCIAL PADDED & TURF FLOORING FOR RED LAKE HS RENOVATED WEIGHT ROOM FOR ATHLETES AND ENTIRE STUDENT BODY TO USE IN A SAFE AND HEALTHY MANNER.

  • ISD #317 DEER RIVER PUBLIC SCHOOL DISTRICT

    $20,000

    TF PROVIDED FUNDING FOR AN OUTDOOR SCOREBOARD FOR THE SCHOOL DISTRICT TO BE ELIGIBLE TO HOLD HOME FOOTBALL, SOCCER, AND LACROSSE GAMES AT THEIR SCHOOL.

  • AID TO FAMILIES AND CHILDREN

  • GENERAL FUNDING FOR SPORTS EQUIPMENT TO KEEP THE DOORS OPEN FOR YOUTH IN CROOKSTON AND KEEP THEM HEALTHY AND OFF THE STREETS.

  • RED LAKE SCHOOLS #38

    $10,000

    TEAM FOOTBALL EQUIPMENT FOR PRACTICE AND GAMES, ALSO HEADSETS FOR THE COACHING STAFF

  • PROVIDED FUNDS TO ASSIST WITH FEES FOR GIRLS TO PARTICIPATE IN FITNESS EVENTS WHO ARE UNABLE TO PAY THE PARTICIPATION FEE

  • BCHS

    $10,000

    SUPPORT FOR EQUIPMENT FOR ATHLETIC PROGRAMS TO CONTINUE

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

Provenance

Return type
form_990
Tax year
2023
Filed
31 October 2024
IRS schema version
2023v5.1
Source object
202423119349301932

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

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