THE ORGANIZATION'S MISSION IS TO IMPROVE THE EDUCATION OF CHILDREN.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.9M
+59.8% YoY
Annual Giving
$81K
-3.8% YoY
Grant Count
6
-25.0% YoY
Avg Grant Size
$13K
+28.3% YoY
About Friends of Education
Based on IRS filings
Friends of Education is a nonprofit organization focused on Education, based in MINNETONKA, MN. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $4.9M in total assets. In 2024, it awarded 6 grants totaling $81K. Net investment income was $949K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,911,760 | $3,074,607 | $2,655,246 |
| Revenue | $3,078,804 | $1,464,006 | $921,963 |
| Expenses | $1,133,552 | $1,104,674 | $1,108,628 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $949,223 | $262,687 | $32,277 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
38 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include St Croix Preparatory Academy ($29,500), Cologne Academy ($13,000), Seven Hills Preparatory Academy ($11,119).
| Recipient | Purpose | Amount |
|---|---|---|
| ST CROIX PREPARATORY ACADEMY STILLWATER, MN | GENERAL SUPPORT | $29,500 |
| SEVEN HILLS PREPARATORY ACADEMY BLOOMINGTON, MN | GENERAL SUPPORT | $11,119 |
| HENNEPIN ELEMENTARY SCHOOL MINNEAPOLIS, MN | GENERAL SUPPORT | $9,000 |
| COLOGNE ACADEMY COLOGNE, MN | GENERAL SUPPORT | $13,000 |
| NOVA CLASSICAL ACADEMY SAINT PAUL, MN | GENERAL SUPPORT | $8,500 |
| DAVINCI ACADEMY OF ARTS AND SCIENCE HAM LAKE, MN | GENERAL SUPPORT | $9,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| EDWARD FLAHERTY | DIRECTOR | 2 | — |
| JAMES KOPP | DIRECTOR/CHAIRMAN | 2 | — |
| MIKE FREY | DIRECTOR | 2 | — |
| BETH TOPOLUK | DIRECTOR/SECRETARY | 2 | — |
| DARIN OPPERMAN | DIRECTOR | 2 | — |
| JOHN BENDT | DIRECTOR/TREASURER | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Friends of Education?
Friends of Education is a nonprofit organization focused on Education, based in MINNETONKA, MN. It holds $4.9M in total assets as of 2024.
How large is Friends of Education?
As of 2024, Friends of Education holds $4.9M in total assets with $3.1M in annual revenue. It awarded 6 grants totaling $81K in 2024.
Where does Friends of Education operate?
Friends of Education has awarded grants in Minnesota.
What size grants does Friends of Education award?
In 2024, Friends of Education awarded 6 grants totaling $81K — an average of about $13K per grant, based on its IRS Form 990 filings.
What is Friends of Education's EIN?
Friends of Education's EIN (Employer Identification Number) is 31-1646135. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
Browse active grant opportunities in Friends of Education's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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