EIN 41-1644554

Fastbreak Foundation

IRS 501(c) type
501(c)(3)
Num. employees
Unknown
Year formed
1993
Most recent tax filings
2022-09-01
NTEE code, primary
Description
The Fastbreak Foundation is a private foundation located in Minneapolis, MN that primarily funds community giving initiatives, specifically breast health awareness and education. Its purpose also includes the Tickets for Kids program where supporters donate NBA or WNBA tickets to the foundation each season. The Minneapolis Foundation and other organizations are among its grantees. The foundation made six grants last year.
Also known as...
Minnesota Timberwolves Fastbreak Foundation
Total revenues
$468,831
2022
Total expenses
$495,239
2022
Total assets
$652,902
2022
Num. employees
n/a

Program areas at Fastbreak Foundation

Tickets for kids: each season, supporters of the tickets for kids program donate nba or wnba tickets to the Fastbreak Foundation, which are then distributed to non-profits that support under-resourced communities; allowing them to experience a timberwolves or lynx game in person. The Foundation works with more than 200 organizations across the state of Minnesota and provides over 15,000 tickets annually to children and their families.
Book mobile: each month, the book mobile hits the road to visit local schools and non-profits to spread the love of reading throughout Minnesota. The book mobile offers students an incentive to read by giving them a chance to pick out their very own book to keep, allowing them to read at school and at home. Students also receive fun prizes and meet timberwolves mascot, crunch, or lynx mascot, prowl. The book mobile targets k-2nd graders in a 30-mile radius of the twin cities metro area.

Grants made by Fastbreak Foundation

GranteeGrant descriptionAmount
The Minneapolis FoundationAccbca Breast Health Awareness & Education$150,000
MatterCommunity Giving Initiative$25,000
Big Brothers Big Sisters of the Greater Twin CitiesCommunity Giving Initiative$25,000
...and 1 more grant made

Who funds Fastbreak Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Arrow Giving FoundationTo Help People in Need.$10,000

Personnel at Fastbreak Foundation

NameTitleCompensation
Jennifer RidgewayExecutive Director$0

Financials for Fastbreak Foundation

RevenuesFYE 09/2022
Total grants, contributions, etc.$170,715
Investment income and dividends$3,198
Net rental income$0
Net gain from sale of non-inventory assets$0
Gross sales of inventory$0
Miscellaneous revenues$294,918
Total revenues$468,831

Form 990s for Fastbreak Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-092023-08-04990PFView PDF
2021-092022-08-12990PFView PDF
2019-092020-10-23990PRView PDF
2018-092019-10-11990PFView PDF
2017-092018-04-10990PFView PDF
...and 6 more Form 990s
Data update history
October 2, 2023
Posted financials
Added Form 990PF for fiscal year 2022
August 28, 2023
Posted financials
Added Form 990PF for fiscal year 2021
May 21, 2023
Received grants
Identified 1 new grant, including a grant for $10,000 from The Arrow Giving Foundation
May 9, 2023
Received grants
Identified 1 new grant, including a grant for $1,000 from Goodin Company Foundation
May 6, 2023
Updated personnel
Identified 10 new personnel
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible donationsNo full-time employees
General information
Address
600 Hennepin Ave Ste 300
Minneapolis, MN 55403
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
County
Hennepin County, MN
Phone
(612) 673-1641
IRS details
EIN
41-1644554
Fiscal year end
September
Taxreturn type
Form 990-PF
Year formed
1993
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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