Kopp Family Foundation
- Assets
- $65.5m
- Revenue
- $7.0m
- Investments
- $64.0m
- Employees
- 0
- Location
- Bloomington, MN
- Founding
- 02/1987
- Data as of
- 12/2023
- EIN
- 36-3485918
Organization Overview
Kopp Family Foundation is located in Bloomington, MN. The organization was established in 1987. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Kopp Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2018, Kopp Family Foundation has awarded 1,728 individual grants totaling $12,503,449. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS TO VARIOUS TAX EMEMPT ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lindsey Lang President | 20 | $0 | |
Deborah A Kopp Director | 20 | $0 | |
Kopp Family Office Llc Management Service Company | 40 | $0 | |
Brian Kopp Director | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,453,602 |
| Interest on Savings | $117,567 |
| Dividends & Interest | $781,294 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,666,942 |
| Capital Gain Net Income | $3,666,942 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,019,405 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $52,868 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,957 |
| Total operating and administrative expenses | $1,082,351 |
| Contributions, gifts, grants paid | $3,777,019 |
| Total expenses and disbursements | $4,859,370 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,466,364 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $65,506,471 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Kopp Family Foundation has awarded $3,777,019 in support to 239 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMY OF HOLY ANGELS PURPOSE: CHARITABLE | $2,000 |
AFRICA CLASSROOM CONNECTION PURPOSE: CHARITABLE | $6,000 |
AGATE HOUSING & SERVICES PURPOSE: CHARITABLE | $200,000 |
AFRICA CLASSROOM CONNECTION PURPOSE: CHARITABLE | $6,000 |
ALICE SMITH ELEMENTARY SCHOOL PURPOSE: CHARITABLE | $2,000 |
ALZHEIMER'S ASSOCIATION MN ND CHAPTER PURPOSE: CHARITABLE | $5,000 |