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Fastbreak Foundation is a private corporation based in MINNEAPOLIS, MN. The foundation received its IRS ruling in 1993. It holds total assets of $609K. Annual income is reported at $32K. 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. According to available records, Fastbreak Foundation has made 12 grants totaling $550K, with a median grant of $25K. Individual grants have ranged from $25K to $150K, with an average award of $46K. The foundation has supported 6 unique organizations. Grant recipients are concentrated in Minnesota. Contributions to this foundation are tax-deductible.
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.
Expenses: $157K
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.
Expenses: $16K
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. Based on available records, the foundation has funded 12 grants. Its grantmaking reaches organizations primarily in MN.
Fastbreak Foundation has distributed a total of $550K across 12 grants. The median grant size is $25K, with an average of $46K. Individual grants have ranged from $25K to $150K.
Local MN requests preferred. Recipient's goals should be consistent with the mission of the Fastbreak Foundation.
Fastbreak Foundation is headquartered in MINNEAPOLIS, MN.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Ethan Casson | Chief Executive Officer | $0 | $0 | $0 |
| Jennifer Ridgeway | Executive Director | $0 | $0 | $0 |
| Suzanne M Spellacy | Secretary | $0 | $0 | $0 |
| Pete Stene | Treasurer | $0 | $0 | $0 |
| Glen A Taylor | Director | $0 | $0 | $0 |
Total Giving
$288K
Total Assets
$830K
Fair Market Value
$864K
Net Worth
$763K
Grants Paid
$176K
Contributions
$124K
Net Investment Income
$15K
Distribution Amount
$0
Total: $85K
Total Grants
12
Total Giving
$550K
Average Grant
$46K
Median Grant
$25K
Unique Recipients
6
Most Common Grant
$25K
| Recipient | Location | Amount | Year |
|---|---|---|---|
| MatterCommunity Giving Initiative | St Louis Park, MN | $25K | 2022 |
| The Minneapolis FoundationACCBCA Breast Health Awareness & Education | Minneapolis, MN | $150K | 2022 |
| Hope KidsCommunity Giving Initiative | Eden Prarie, MN | $25K | 2022 |
| Urban VenturesCommunity Giving Initiative | Minneapolis, MN | $25K | 2022 |
| Big Brother Big Sisters Of The Greater Twin CitiesCommunity Giving Initiative | Minneapolis, MN |
Other foundations that have funded Fastbreak Foundation.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| Goodin Company Foundation | $1K | 2021 | PROGRAM SUPPORT |
| Brett Carter |
| Director |
| $0 |
| $0 |
| $0 |
| Kate Quinn | Director | $0 | $0 | $0 |
| Chanda Smith Baker | Director | $0 | $0 | $0 |
| Gavin Kaysen | Director | $0 | $0 | $0 |
| Rebekkah Brunson | Director | $0 | $0 | $0 |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| $25K |
| 2022 |
| Boy'S & Girls Club Of The Twin CitiesCommunity Giving Initiative | Saint Paul, MN | $25K | 2022 |
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