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
No grants recorded for .
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
Related Funders
Similar funders by location and focus area
Spicola Family Foundation
MINNETONKA, MN
Assets
—
Grants
3
Total Given
$410K
The Geyer Family Foundation
EDINA, MN
Assets
—
Grants
7
Total Given
$35K
Love 4 One Another Charities
CHANHASSEN, MN
Assets
$8.5M
Grants
1
Total Given
$90K
Donald and Luella Zibell Family Foundation
NORTHFIELD, MN
Assets
—
Grants
8
Total Given
$80K
Minnesota Citizens Concerned
MINNEAPOLIS, MN
Assets
$745K
Grants
2
Total Given
$942K
Clearway Minnesota (sm)
MINNEAPOLIS, MN
Assets
—
Grants
6
Total Given
$442K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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