Fredrikson & Byron Foundation
- Assets
- $241.4k
- Revenue
- $823.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 10/1974
- Data as of
- 05/2023
- EIN
- 23-7401456
Organization Overview
Fredrikson & Byron Foundation is located in Minneapolis, MN. The organization was established in 1974. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fredrikson & Byron Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2023, Fredrikson & Byron Foundation generated $823.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $725.8k during the year ending 05/2023. While expenses have increased by 6.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Fredrikson & Byron Foundation has awarded 213 individual grants totaling $4,999,454. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FREDRIKSON & BYRON IS COMMITTED TO IMPROVING THE COMMUNITIES WHERE WE LIVE AND WORK. THE FREDRIKSON & BYRON FOUNDATION EXISTS TO SUPPORT OUR ATTORNEYS' PHILANTHROPIC EFFORTS AND VOLUNTEER WORK IN OUR COMMUNITIES. THE FOUNDATION FOCUSES ITS GRANT MAKING IN AREAS WHERE WE BELIEVE WE CAN MAKE A DIFFERENCE. THE FOUNDATION MAKES GRANTS TO LAW SCHOOLS; INVESTS IN PROGRAMS THAT DEVELOP OUR COMMUNITY'S HUMAN CAPITAL; WORKS TO AMELIORATE THE CAUSES AND EFFECTS OF CRIME; AND STRIVES TO IMPROVE THE DELIVERY AND ACCESS TO LEGAL SERVICES. THE FOUNDATION ALSO DONATES TO ARTS AND CULTURAL ORGANIZATIONS THAT IMPROVE THE QUALITY OF LIFE IN THE COMMUNITIES WHERE WE HAVE OFFICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO 118 SEPARATE OTHER SECTION 501(C)3 ORGANIZATIONS THAT IMPROVE COMMUNITIES ACCORDING TO THE FOUNDATION'S MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa M Agrimonti Treasurer | OfficerTrustee | 1 | $0 |
James L Baillie President | OfficerTrustee | 1 | $0 |
John S Parzych Vice Preside | OfficerTrustee | 1 | $0 |
Emily S Pontius Director | Trustee | 1 | $0 |
Ben R Tozer Director | Trustee | 1 | $0 |
Ipsa Desai Assistant Tr | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $823,739 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $823,739 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $823,739 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $723,750 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $725,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $232,614 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,781 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $241,395 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $169,500 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $115,000 |
| Total liabilities | $284,500 |
| Net assets without donor restrictions | -$43,105 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $241,395 |
Grants Awarded
Over the last fiscal year, Fredrikson & Byron Foundation has awarded $489,500 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
ANISHINABE LEGAL SERVICESANISHABE LEGAL SERVICES PURPOSE: GENERAL SUPPORT | $6,000 |
CHILDREN'S LAW CENTERCHILDRENS LAW CENTER PURPOSE: GENERAL SUPPORT | $15,000 |
FRIENDS OF FREDRIKSONFRIENDS OF FREDRIKSON PURPOSE: GENERAL SUPPORT | $7,500 |
GREAT NORTH INNOCENCE PROJECTGREAT NORTH INNOCENCE PROJECT PURPOSE: GENERAL SUPPORT | $6,000 |
GLOBAL RIGHTS FOR WOMENGLOBAL RIGHTS FOR WOMEN PURPOSE: GENEREAL SUPPORT | $8,000 |
IMMIGRANT LAW CENTER OF MINNESOTAIMMIGRANT LAW CENTER OF MINNESOTA PURPOSE: SPECIAL PROJECT | $12,000 |