Goebel Foundation Inc
Goebel Foundation Inc is a private foundation, based in Hutchinson, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $107K in total assets. In 2024, it awarded 5 grants totaling $6K. Net investment income was $2K.
Key facts about Goebel Foundation Inc
In short: Goebel Foundation Inc gave $6K across 5 grants in 2024 (avg $1K), mostly in Minnesota. Source: 2024 IRS Form 990-PF.
- EIN
- 81-4843092
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $5,950
- Grants made (2024)
- 5
- Average grant
- $1,190
- Median grant
- $1,000
- Total assets
- $106,538
- Primary geography
- Minnesota (95% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$107K
+78.4% YoY
Annual Giving
$6K
+183.3% YoY
Grant Count
5
+150.0% YoY
Avg Grant Size
$1K
+13.3% YoY
Under IRS private-foundation payout rules, Goebel Foundation Inc reported a distributable amount of $5K for 2024 — the minimum it must pay out in qualifying distributions.
How Goebel Foundation Inc gives
- Giving held roughly steady from 2021 to 2024 (+5%). Method
- In 2024 it paid out 134% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $900 (2020) to $14K (2022). In 2024 it made 5 grants totaling $6K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Hutchinson Huskies Baseball Association ($2K). Together the top 5 received $6K.
Grant Size Distribution
24 grants across all recorded years
The most common grant size was under $50K: 24 grants of 24 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Hutchinson Huskies Baseball Association Hutchinson, MN | To Rebuild VMF Grandstand | $2,150 |
| Dollars for Scholars Minneapolis, MN | Education of Children | $1,500 |
| Gopher Campfire Hutchinson, MN | Fence Project | $1,000 |
| Ridgewater College Foundation Willmar, MN | Scholarships for Students | $1,000 |
| Tunnel to Towers Foundation Staten Island, NY | To support first responders and military families by providing mortgage-free homes. | $300 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $106,538 | $59,726 | $61,846 |
| Revenue | $54,110 | — | — |
| Expenses | $7,298 | $2,120 | $15,994 |
| Qualifying Distributions | $6,910 | $2,120 | $15,994 |
| Net Investment Income | $2,092 | — | — |
| Distributable Amount | $5,142 | $2,987 | $3,392 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Goebel Foundation Inc is led by Richard Goebel, President since 2021 (on filings since 2020); none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Richard Goebel
President
Vice President → President, 2021
On filings since 2020
0.1 hrs/week
No compensation reported
Barbara Field
Vice President
Secretary → Vice President, 2021
On filings since 2020
0.1 hrs/week
No compensation reported
Matthew Field
Secretary & Treasurer
Treasurer → Secretary & Treasurer, 2024
On filings since 2020
0.1 hrs/week
No compensation reported
Former officers (2)
- Former: Amy Paulson (2021–2023) — Secretary
- Former: Virgil Goebel (2020) — President
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Goebel Foundation Inc
How much does Goebel Foundation Inc give each year?
Goebel Foundation Inc gave $6K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $2K across 2 grants.
What is Goebel Foundation Inc's typical grant size?
Goebel Foundation Inc's median grant in 2024 was $1,000, and its average grant was $1,190, across 5 grants on its 2024 IRS Form 990-PF.
Where does Goebel Foundation Inc give grants?
Goebel Foundation Inc gives mostly in Minnesota: 95% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was New York (5%). The most frequent recipient cities were Hutchinson, MN (2 grants).
Does Goebel Foundation Inc give general operating support?
Not in 2024: none of the 5 grants with a stated purpose on Goebel Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support.
Who are Goebel Foundation Inc's largest grantees?
Goebel Foundation Inc's largest 2024 grantees include Hutchinson Huskies Baseball Association ($2,150), Dollars for Scholars ($1,500) and Gopher Campfire ($1,000), according to its 2024 IRS Form 990-PF. Together they received 78% of its itemized 2024 grant dollars.
How large is Goebel Foundation Inc?
Goebel Foundation Inc reported $107K in total assets on its 2024 IRS Form 990-PF. It paid out $7K in qualifying distributions that year, against a required minimum of $5K (roughly 5% of its investment assets).
What is Goebel Foundation Inc's EIN?
Goebel Foundation Inc's EIN (Employer Identification Number) is 81-4843092. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Goebel Foundation Inc by hand.
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