Tradition Family Foundation
- Assets
- $1.5m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Lakeville, MN
- Founding
- 03/2001
- Data as of
- 12/2021
- EIN
- 41-1958548
Organization Overview
Tradition Family Foundation is located in Lakeville, MN. The organization was established in 2001. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Tradition Family 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 12/2021, Tradition Family Foundation generated $1.8m in total revenue. All expenses for the organization totaled $580.1k during the year ending 12/2021. While expenses have increased by 74.5% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Tradition Family Foundation has awarded 253 individual grants totaling $972,476. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leah D Hendrikson Trustee | 1 | $0 | |
Rebecca L Enebak Trustee | 1 | $0 | |
Diane L Enebak Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,831,250 |
| Interest on Savings | $4,338 |
| Dividends & Interest | $0 |
| 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 | $1,835,588 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $1,252 |
| Contributions, gifts, grants paid | $578,800 |
| Total expenses and disbursements | $580,052 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,472,827 |
| 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 | $1,472,827 |
| 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, Tradition Family Foundation has awarded $578,800 in support to 121 organizations.
| Grant Recipient | Amount |
|---|---|
WHISPERS OF HOPE PURPOSE: GENERAL DONATION | $180,000 |
EDUCATION FOUNDATION OF BLOOMINGTON PURPOSE: GENERAL DONATION | $52,000 |
Duluth, MN PURPOSE: GENERAL DONATION | $40,000 |
LAKES AREA HABITAT FOR HUMANITY PURPOSE: GENERAL DONATION | $35,000 |
Minneapolis, MN PURPOSE: GENERAL DONATION | $13,000 |
COURAGE KENNY FOUNDATION PURPOSE: GENERAL DONATION | $10,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sibley Medical Center Arlington, MN | $31,684,088 | $18,300,359 |
Be The Match Foundation Minneapolis, MN | $21,284,478 | $21,167,274 |
The Burke Foundation Inc Milwaukee, WI | $121,362,007 | $6,169,378 |
Stratis Health Minneapolis, MN | $5,273,023 | $5,800,389 |
Saint Therese St Louis Park, MN | $14,478,951 | $6,726,617 |
Vine And Branches Foundation Inc Brookfield, WI | $8,641,827 | $2,521,561 |
Association Of State Floodplain Managers Inc Madison, WI | $3,465,086 | $3,791,524 |
Hope Haven Support Foundation Rock Valley, IA | $16,499,629 | $3,667,660 |
Butler Family Foundation Dubuque, IA | $48,442,192 | $3,565,783 |
The Lifespace Foundation West Des Moines, IA | $10,594,688 | $4,860,714 |
Realty Holdings Inc Of The Quad Cities Community Foundation Bettendorf, IA | $2,330,664 | $13,430 |
Guardian Angels Of Elk River Inc Elk River, MN | $19,468,009 | $4,444,472 |