FARIBAULT FOUNDATION INC

EIN: 411931735 501(c)(3) Philanthropy & Grantmaking

FARIBAULT, MN

Total Revenue
$1,859,138
Total Expenses
$717,175
Total Assets
$4,696,705
Net Assets
$4,567,781
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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
MN
Principal Officer
LAURA BOCK
Phone
5078058800
Tax Period
2025-01-01 to 2025-12-31

FARIBAULT FOUNDATION INC, founded in 1999, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.9M in total revenue in fiscal year 2025. Revenue fell 24% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.1M, a strong 61% operating margin.

Mission

THE FARIBAULT FOUNDATION IS ON A MISSION TO IMPOVE THE QUALITY OF LIFE IN FARIBAULT THROUGH THE GENEROSITY OF DONORS. TO ACCOMPLISH THIS MISSION WE ARE GROWING OUR COMMUNITY FOUNDATION, AND GRANTS WILL BE FOCUSED IN THE FARIBAULT COMMUNITY. MAKING AN IMPACT FOR OUR NON PROFITS AND ENHANCING OUR COMMUNITIES PROGRAMS. CURRENTLY OUR MOST SIGNIFICANT ACTIVITY IS TRYING TO GROW OUR ASSETS UNDER MANAGEMENT AND EDUCATE THE COMMUNITY ON WHAT A FOUNDATION DOES AND HOW IT CAN HELP THE ENTIRE COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $545,925 Revenue: $898

FUND ADVISOR SERVICES: THE FARIBAULT FOUNDATION IS DONOR CENTERED, PROVIDING OUR DONOR ADVISED FUNDS (DAF) FUND ADVISORS A MENU OF OPTIONS FOR MAKING GRANT REQUESTS TO THEIR FAVORITE NONPROFITS...

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FUND ADVISOR SERVICES: THE FARIBAULT FOUNDATION IS DONOR CENTERED, PROVIDING OUR DONOR ADVISED FUNDS (DAF) FUND ADVISORS A MENU OF OPTIONS FOR MAKING GRANT REQUESTS TO THEIR FAVORITE NONPROFITS. FARIBAULT FOUNDATION OFFERS A DONOR PORTAL, WHERE FUND ADVISORS CAN REQUEST GRANTS IN THE SITE. FUND ADVISORS WHO ARE NOT COMFORTABLE WITH TECHNOLOGY CAN SEND AN EMAIL, TEXT, PHONE CALL OR SIMPLY STOP BY THE OFFICE TO GET A GRANT REQUEST STARTED FROM THEIR DAF. OUR EXECUTIVE DIRECTOR IS ON HAND TO PROCESS GRANT REQUESTS FOR FUND ADVISORS IN AN EFFICIENT AND TIMELY MANNER, FOLLOWING OUR DONOR ADVISED FUND GUIDELINES AND ACTIVITY POLICY FOR GRANTMAKING FROM A DAF. DONOR ADVISED FUNDS' INVESTMENTS ARE REVIEWED BY FARIBAULT FOUNDATION INVESTMENT COMMITTEE AND THE BOARD OF DIRECTORS. FUND HOLDER STATEMENTS ARE SENT QUARTERLY.WOMEN WHO CARE/MEN ON A MISSION: PROGRAMING INCLUDES LOCAL PHILANTHROPIST AWARDING GRANTS TO LOCAL NONPROFITS THROUGH THE PROCESS OF IN-PERSON NOMINATION AND VOTING. THIS POPULAR PROGRAM HAS ALLOWED THE FARIBAULT FOUNDATION TO ENGAGE PHILANTHROPISTS LARGE AND SMALL. THROUGH 100 WOMEN WHO CARE OR 100 MEN ON A MISSION, DONORS CAN BE A PART OF GRANTING SIZABLE GRANTS THAT START FROM EVERYONE'S $100 DONATION.COMMUNITY MICROGRANTS: SUPPORTS IMPORTANT PROGRAMS AND ACTIVITIES HAPPENING IN OUR COMMUNITY. THROUGH A SIMPLE GRANT APPLICATION PROCESS, LOCAL NONPROFITS DESCRIBE THEIR PROGRAMS AND ACTIVITIES THAT IMPROVE THE QUALITY OF LIFE FOR FARIBAULT CITIZENS. REQUESTS ARE FOR GRANTS OF $500-$1000. GRANT REPORTS ARE REQUIRED TO KEEP THE FARIBAULT FOUNDATION UP TO DATE ON THE SUCCESS OF THE PROGRAMS AND ACTIVITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $1,755,851
Program Service Revenue $898
Investment Income $102,389
Other Revenue $0
TOTAL REVENUE $1,859,138

Expense Breakdown

Grants Paid $438,766
Salaries & Benefits $128,036
Fundraising Expenses $56,439
Program Expenses $545,925
Other Expenses $150,373
TOTAL EXPENSES $717,175

Year-over-Year Comparison

2025 2024 Change
Revenue $1,859,138 $2,455,904 -0.2%
Expenses $717,175 $381,312 +0.9%
Net Income $1,141,963 $2,074,592 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
2
Volunteers
80

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$87,966
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTINE SHAFFER-BROWN PRESIDENT 1.00
Officer Director
$0 $0 $0
DR MICHAEL RICHIE VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
CHAD KOEPKE TREASURER 1.00
Officer Director
$0 $0 $0
CHAD WOLFF SECRETARY 1.00
Officer Director
$0 $0 $0
JEFF JANDRO DIRECTOR 1.00
Director
$0 $0 $0
KEN HUBERT DIRECTOR 1.00
Director
$0 $0 $0
DR SARAH BECKMANN DIRECTOR 1.00
Director
$0 $0 $0
DARYL BAUER DIRECTOR 1.00
Director
$0 $0 $0
JOHN SCOTT DIRECTOR 1.00
Director
$0 $0 $0
LAURA BOCK EXECUTIVE DIRECTOR 40.00
Officer
$85,670 $2,296 $87,966
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,859,138 $717,175 $4,696,705 $1,141,963
2024 $2,455,904 $381,312 $3,371,360 $2,074,592
2023 $1,129,449 $136,518 $1,132,136 $992,931
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