THE THIELEN FOUNDATION INC C/O LUKAS INVEISS

EIN: 825085997 501(c)(3) Philanthropy & Grantmaking

MINNEAPOLIS, MN

Total Revenue
$1,223,984
Total Expenses
$441,040
Total Assets
$1,856,246
Net Assets
$1,799,136
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
MN
Principal Officer
LUKAS INVEISS
Phone
3202916119
Tax Period
2023-01-01 to 2023-12-31

THE THIELEN FOUNDATION INC C/O LUKAS INVEISS, founded in 2018, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.2M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $783K, a strong 64% operating margin.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $289,517

HERE AT THE THIELEN FOUNDATION, WE BELIEVE IN THE POWER OF SPORT. THE POWER OF SPORT CAN CHANGE OUR SOCIETY BY SHOWCASING OUR DIFFERENCES ANDSIMILARITIES AND HOW WE CAN COME TOGETHER AS A TEAM TO...

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HERE AT THE THIELEN FOUNDATION, WE BELIEVE IN THE POWER OF SPORT. THE POWER OF SPORT CAN 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. THE 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, THE 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.

Program 2
Expenses: $59,582

JOHNSON FITNESS & WELLNESS: TF PURCHASED ALL NEW FITNESS EQUIPMENT VIA JOHNSON FITNESS & WELLNESS FOR THE PURPOSE OF RENOVATING THE RED LAKE HIGH SCHOOL WEIGHT ROOM FOR ALL THE STUDENT ATHLETES...

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JOHNSON FITNESS & WELLNESS: TF PURCHASED ALL NEW FITNESS EQUIPMENT VIA JOHNSON FITNESS & WELLNESS FOR THE PURPOSE OF RENOVATING THE RED LAKE HIGH SCHOOL WEIGHT ROOM FOR ALL THE STUDENT ATHLETES, COACHES, STUDENT BODY AND COMMUNITY TO USE. THE OVERALL PURPOSE IS TO BE A FIRST-CLASS FACILITY AND ENVIRONMENT FOR A COMMUNITY AND SCHOOL WHO ARE ECOMONICALLY STRUGGLING SO THEIR STUDENTS CAN TAKE PRIDE IN THEIR SCHOOL AND WANT TO WORK OUT AND IMPROVE THEIR OVERALL HEALTH, FITNESS AND WELLNESS SO THEY CAN MOVE FORWARD TO A SUCCESSFUL FUTURE.

Program 3
Expenses: $45,000

BIG BROTHERS BIG SISTERS OF TWIN CITIES:TF'S MISSION PERFECTLY ALIGNS WITH BBBS OF TWIN CITIES -- SO WE WERE PROUD TO DONATE THE PROCEEDS FROM THE 2023 TF CELEBRITY SOFTBALL GAME TO THIS ORGANIZATION...

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BIG BROTHERS BIG SISTERS OF TWIN CITIES:TF'S MISSION PERFECTLY ALIGNS WITH BBBS OF TWIN CITIES -- SO WE WERE PROUD TO DONATE THE PROCEEDS FROM THE 2023 TF CELEBRITY SOFTBALL GAME TO THIS ORGANIZATION THAT WILL APPLY THE FUNDS TO RESOURCES AND PROGRAMS NEEDED FOR THEIR YOUTH MENTORSHIP PROGRAM -- AGAIN, SUPPORTING YOUTH IN REACHING THEIR FULL POTENTIAL IN LIFE.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $891,346
Program Service Revenue $0
Investment Income $3,735
Other Revenue $328,903
TOTAL REVENUE $1,223,984

Expense Breakdown

Grants Paid $348,603
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $394,099
Other Expenses $92,437
TOTAL EXPENSES $441,040

Year-over-Year Comparison

2023 2022 Change
Revenue $1,223,984 $1,495,703 -0.2%
Expenses $441,040 $1,615,253 -0.7%
Net Income $782,944 $-119,550 -7.5%
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
3
Independent Members
3
Employees
N/A
Volunteers
40

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADAM THIELEN PRESIDENT 4.00
Officer Director
$0 $0 $0
CAITLIN THIELEN VICE PRESIDENT 6.00
Officer Director
$0 $0 $0
LUKAS INVEISS TREASURER 8.00
Officer Director
$0 $0 $0
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
2024 No data No data No data No data
2023 $1,223,984 $441,040 $1,856,246 $782,944
2022 $1,495,703 $1,615,253 $1,355,279 $-119,550
2021 $1,149,824 $573,545 $1,164,292 $576,279
2020 $424,893 $560,465 $357,010 $-135,572
2019 $592,956 $272,363 $492,582 $320,593
2018 $248,893 $76,904 $171,989 $171,989
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