Tb1 Fund Inc
- Assets
- $348.5k
- Revenue
- $541.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Blaine, MN
- Founding
- Data as of
- 12/2023
- EIN
- 87-3032990
Organization Overview
Tb1 Fund Inc is located in Blaine, MN. According to its NTEE Classification (E86) the organization is classified as: Patient & Family Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tb1 Fund 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 12/2023, Tb1 Fund Inc generated $541.9k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 72.9% each year . All expenses for the organization totaled $350.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TB1FUND'S MISSION IS TO BRIGHTEN DAYS FOR PATIENTS AND FAMILIES AT M HEALTH FAIRVIEW MASONIC CHILDREN'S HOSPITAL. OUR PRIMARY GOAL IS TO HELP PATIENTS FOCUS ON RECOVERY BY PROVIDING ITEMS AND EXPERIENCES THAT NOT ONLY DISTRACT AND ENGAGE THEM, BUT ALSO ENCOURAGE RECOVERY, BE IT MENTAL, PHYSICAL OR EMOTIONAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VIP PROGRAMS AIMED TO PROVIDED PATIENTS AND FAMILIES WHO ARE DEALING WITH LIFE CHANGING DIAGNOSIS A VIP EXPERIENCE. EXPERIENCES INCLUDE TB1F FAMILY SUITE (GOPHERS SPORTS), 3M OPEN FAMILY CABIN, BRAXTON'S BUDDIES (MN VIKINGS SUITE OR PREMIUM TICKETS), REBOUND CLUB (MN TIMBERWOLVES SUITE) AND MN WILD SUITE. THESE OFFERINGS PROVIDE THE PATIENT AND FAMILIES AN ALL-INCLUSIVE VIP EXPERIENCE, WHICH MAY NEVER OTHERWISE BE POSSIBLE.
TB1F SIBLING APPRECIATION DAYS; IN-PATIENT T-SHIRTS FOR ALL NEWLY ADMITTED PATIENTS; MUSIC MONDAY'S THAT IS BROADCAST TO ALL PATIENTS ROOMS IN THE HOSPITAL; 5TH FLOOR TOY CLOSET; GRANTS AWARDED TO OTHER 501(C)(3) ORGANIZATIONS (SEE SCHEDULE I)
THE TB1F ELECTRONICS PROGRAM PROVIDES IN-PATIENTS AND FAMILIES ELECTRONICS DURING THE CHRISTMAS SEASON. ELECTRONICS RANGE FROM FUNCTIONAL ITEMS, SUCH AS IPADS AND AMAZON FIRE TABLETS, TO GAMING SYSTEMS AND ENTERTAINMENT FOCUSED ELECTRONICS, INCLUDING BUT NOT LIMITED TO NINTENDO SWITCH LITES, FIRE STICKS, AIRPODS, XBOXES AND MORE.
HOSPITALITY DAYS FOR PATIENTS & FAMILIES WITH VARYING OFFERINGS FROM LOCAL COMMUNITY PARTNERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Battaglia President | OfficerTrustee | 4 | $0 |
Jeffrey Bradley Treasurer | OfficerTrustee | 1 | $0 |
David Canfield Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $434,195 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $155,551 |
| Noncash contributions included in lines 1a–1f | $17,017 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $589,746 |
| 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 | -$47,870 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $541,876 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $37,588 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,272 |
| Advertising and promotion | $23,218 |
| Office expenses | $4,907 |
| Information technology | $1,739 |
| Royalties | $0 |
| Occupancy | $1,988 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $138 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,583 |
| All other expenses | $13,129 |
| Total functional expenses | $350,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $187,760 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,052 |
| 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 | $159,644 |
| 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 | $348,456 |
| Accounts payable and accrued expenses | $6,052 |
| Grants payable | $0 |
| 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 | $6,052 |
| Net assets without donor restrictions | $342,404 |
| 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 | $348,456 |
Grants Awarded
Over the last fiscal year, Tb1 Fund Inc has awarded $230,083 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MINNESOTA FOUNDATION PURPOSE: AID TO SUPPORT CHILDREN AND FAMILIES | $177,243 |
BROWN BOYS BENEFIT PURPOSE: AID TO SUPPORT CHILDREN AND FAMILIES | $52,840 |