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Filing year 2024

THE MB FOUNDATION

Edina, Minnesota·EIN 41-6421316·NTEE T22Z · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$225k
Total assets
$354k
Total expenses
$229k
Reported officers
2

Reported officers (all unpaid)

No paid executives reported in 2024. THE MB FOUNDATION reported 2 unpaid officers and board members on its 990-PF.

Trustee
Trustee

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$220k

Itemized grants

4

Median grant

$55k

RecipientLocationPurposeAmount
AMERICAN RED CROSSWASHINGTON, DCEMERGENCY SERVICES$100k
YMCAMINNEAPOLIS, MNBEACONS/BNG PROGRAMS$100k
SECOND HARVEST HEARTLANDBROOKLYN PARK, MNGENERAL FUNDING$10k
FEED MY STARVING CHILDRENCOON RAPIDS, MNMEALS$10k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

THE MB FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$249k
$227k
2023
$225k
$229k
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Minnesota

THE MB FOUNDATION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Minnesota earns a median of $32,530.

25th percentile
$8k
Median
$32,530
75th percentile
$93k
90th percentile
$243k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 399 organizations across 399 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Minnesota
FAQ

Common questions about THE MB FOUNDATION

What are THE MB FOUNDATION's revenue and expenses?

In 2024, THE MB FOUNDATION reported $225k in total revenue and $229k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.