Nibbe Family Charitable Foundation
- Assets
- $2.3m
- Revenue
- $2.0m
- Investments
- $2.3m
- Employees
- 0
- Location
- Zumbrota, MN
- Founding
- Data as of
- 12/2023
- EIN
- 86-1316548
Organization Overview
Nibbe Family Charitable Foundation is located in Zumbrota, MN. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Nibbe Family Charitable 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 12/2023, Nibbe Family Charitable Foundation generated $2.0m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $155.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Nibbe Family Charitable Foundation has awarded 63 individual grants totaling $299,020. 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
SCHOLARSHIP PROGRAMS TO SCHOOLS AND STUDENTS
CONTRIBUTIONS TO CHARITABLE ORGANIZATIONS 501 C 3
CONTRIBUTIONS TO SCHOOL PROGRAMS GRANTS
CONTRIBUTIONS TO COMMUNITY ACTIVITIES THEATER FOOD SHELVES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Nibbe Chairman | 3 | $0 | |
Dawn Guse CEO | 10 | $0 | |
Carole Jean Nibbe Director | 1 | $0 | |
Jeffrey Cam Nibbe Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,874,071 |
| Interest on Savings | $0 |
| Dividends & Interest | $82,898 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,956,969 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $325 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $196 |
| Total operating and administrative expenses | $2,194 |
| Contributions, gifts, grants paid | $153,060 |
| Total expenses and disbursements | $155,254 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,524 |
| 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 | $2,337,244 |
| 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, Nibbe Family Charitable Foundation has awarded $153,060 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
ZUMBROTA FOOD SHELF PURPOSE: FOODSHELF | $2,000 |
ROCHESTER COMMUNITY TECHNICAL COLL PURPOSE: HORIZON SCHOLARSHIP | $4,500 |
UNIVERSITY OF ROCHESTER PURPOSE: HORIZON SCHOLARSHIP PROGRAM | $4,500 |
CALVARY LUTHERAN PURPOSE: CALVARY LUTHERAN CHURCH CHARITABLE | $2,000 |
GUTHRIE THEATER PURPOSE: CHARITABLE CONTRIBUTION | $17,500 |
LAC QUI PARLE VALLEY HIGH SCHOOL PURPOSE: AFTER SCHOOL PROGRAM FOR LQPV STUDENTS | $6,000 |