Thielen Foundation Inc
- Assets
- $1.4m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 09/2018
- Data as of
- 12/2022
- EIN
- 82-5085997
Organization Overview
Thielen Foundation Inc is located in Minneapolis, MN. The organization was established in 2018. According to its NTEE Classification (T30) the organization is classified as: Public 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. Thielen Foundation Inc 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 12/2022, Thielen Foundation Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 43.1% each year . All expenses for the organization totaled $1.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Thielen Foundation Inc has awarded 43 individual grants totaling $2,429,005. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
MASONIC CHILDREN'S HOSPITAL, THEILEN SCHOLARSHIP, URBAN VENTURES, PLAY TO YOUR STRENGTHS, BIO GIRLS, HUMBOLDT HIGH SCHOOL
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.
SECOND HARVEST HEARTLAND:SECOND HARVEST HEARLAND IS A NON-PROFIT BASED IN MINNESOTA. THEIR MISSION IS TO END HUNGER TOGETHER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Thielen President | OfficerTrustee | 4 | $0 |
Caitlin Thielen Vice President | OfficerTrustee | 6 | $0 |
Lukas Inveiss Treasurer | OfficerTrustee | 8 | $0 |
Kevin Flynn Advisory Board Members | Trustee | 4 | $0 |
Kayleen Alexson Advisory Board Members | Trustee | 4 | $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 | $1,639,396 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,639,396 |
| Total Program Service Revenue | $0 |
| Investment income | $11,090 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $54,115 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$17,358 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,495,703 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,503,460 |
| 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 | $69,771 |
| Fees for services: Legal | $433 |
| Fees for services: Accounting | $24,240 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,147 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,134 |
| 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 | $1,615,253 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $285,268 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $59,187 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,990 |
| Prepaid expenses and deferred charges | $5,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,000,834 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,355,279 |
| Accounts payable and accrued expenses | $39,089 |
| Grants payable | $300,000 |
| 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 | $0 |
| Total liabilities | $339,089 |
| Net assets without donor restrictions | $1,016,190 |
| 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 | $1,355,279 |
Grants Awarded
Over the last fiscal year, Thielen Foundation Inc has awarded $1,451,568 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
SALVATION ARMY - NORTHERN DIVISION HQ PURPOSE: AID TO FAMILIES AND CHILDREN | $105,064 |
WE ALL WE GOT PURPOSE: MINNESOTA JAYS YOUTH FOOTBALL TO PURCAHSE NEEDED YOUTH FOOTBALL EQUIPMENT, ASSIST WITH TRAVEL FEES AND COVER ATHLETIC FEES FOR FAMILIES UNABLE TO PAY THEM. | $10,000 |
FIRST TEE - MINNESOTA PURPOSE: ASSISTANCE FOR FUNDING FOR FAMILIES AND CHILDREN IN UNDERESERVED COMMUNITIES. | $25,000 |
FELLOWSHIP OF CHRISTIAN ATHLETES PURPOSE: AID TO COACHES AND ATHLETES | $25,000 |
BIO GIRLS PURPOSE: AID TO FAMILIES AND CHILDREN | $25,000 |
URBAN VENTURES PURPOSE: AID TO FAMILIES AND CHILDREN | $150,000 |