TEAM Foundation is a nonprofit organization based in Bagley, Minnesota, committed to enhancing the quality of life in rural Minnesota. Established in 2003, the foundation operates as a corporate foundation affiliated with TEAM Industries Inc. and provides charitable funding to communities surrounding TEAM Industries plants.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$365K
+22.5% YoY
Annual Giving
$386K
-40.6% YoY
Grant Count
40
+0.0% YoY
Avg Grant Size
$10K
-40.6% YoY
Under IRS private-foundation payout rules, Team Foundation reported a distributable amount of $19K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
TEAM Foundation is committed to enhancing the quality of life through charitable funding in rural Minnesota. The foundation invests resources in three primary areas:
- Education
- Healthcare
- Community
Grantmaking
Grants are awarded to qualified 501(c)(3) nonprofit organizations and public schools that serve Minnesota communities.
Grant Range
$1,000–$152,500
How to Apply
**
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Geographic Focus
Where this funder awards grants
TEAM Foundation primarily funds communities in:
- Minnesota (primary focus)
- Tennessee
- South Dakota
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $364,790
- Total Giving: $385,580
- Total Revenues: $549,727
- Total Expenses: $487,638
- Number of Employees: 0 (volunteer-run)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $364,790 | $297,699 | $344,872 |
| Revenue | $549,727 | $715,862 | $324,028 |
| Expenses | $487,638 | $763,035 | $621,214 |
| Qualifying Distributions | $487,599 | $763,018 | $621,171 |
| Net Investment Income | $6,992 | $1,000 | $1,195 |
| Distributable Amount | $19,158 | $21,959 | $28,296 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
158 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Bagley Elementary Pto ($50,000), Samaritans Purse ($50,000), Audubon Fire Department ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AUDUBON FIRE DEPARTMENT AUDUBON, MN | PROGRAM SUPPORT - NEW FIRE ENGINE | $30,000 |
| BAGLEY ELEMENTARY PTO BAGLEY, MN | PROGRAM SUPPORT - IMPROVEMENTS | $50,000 |
| BAGLEY FIRE DEPARTMENT BAGLEY, MN | PROGRAM SUPPORT - REPAIRS | $10,000 |
| BAGLEY FLYER BOOSTER CLUB BAGLEY, MN | PROGRAM SUPPORT - EQUIPMENT | $5,000 |
| BAGLEY SENIOR CITIZENS CENTER BAGLEY, MN | PROGRAM SUPPORT - ROOF REPAIR | $5,000 |
| BECKER COUNTY MUSEUM DETROIT LAKES, MN | PROGRAM SUPPORT - STEM | $5,000 |
| BEMIDJI VEX ROBOTICS BEMIDJI, MN | PROGRAM SUPPORT - ROBOTICS | $5,000 |
| BLUEJACKETS ROBOTICS BOOSTER CLUB CAMBRIDGE, MN | PROGRAM SUPPORT - ROBOTICS | $5,000 |
| BOOKS FOR BETTER MINNESOTA NORTH BRANCH, MN | PROGRAM SUPPORT | $1,000 |
| CITY OF LAKE PARK LAKE PARK, MN | PROGRAM SUPPORT - MEALS ON WHEELS | $23,080 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is governed by a volunteer board with limited paid staffing:
| Name | Title |
|---|---|
| Debra Matthews | Executive Board Chair |
| Tricia Bracas | Vice Chair |
| Chad Armstrong | Treasurer |
| Chandra Braaten | Secretary |
| Jerusa Ricke-Frederick | Board Member |
| Andrew Browen | Board Member |
| Joshua Burley | Board Member |
| Sara Gordon | Board Member |
All board members serve without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DEBRA MATTHEWS | EXEC BOARD C | 0.75 | — |
| TRICIA BRACAS | VICE CHAIR | 2.5 | — |
| CHAD ARMSTRONG | TREASURER | 1 | — |
| CHANDRA BRAATEN | SECRETARY | 2 | — |
| JERUSA RICKE-FREDERICK | BOARD MEMBER | 2 | — |
| ANDREW BROWEN | BOARD MEMBER | 1 | — |
| JOSHUA BURLEY | BOARD MEMBER | 1 | — |
| SARA GORDON | BOARD MEMBER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Team Foundation fund?
TEAM Foundation is committed to enhancing the quality of life through charitable funding in rural Minnesota. The foundation invests resources in three primary areas: • **Education** • **Healthcare** • **Community**
How do I apply for a grant from Team Foundation?
**Grant Characteristics:** • Typical grant range: $1,000–$152,500 • Median grant amount: $5,000 • Recent grant activity: 40 grants awarded in 2024 **Recent Grants (2024):** • Samaritan's Purse: $50,000 (Program Support - Hurricane Response) • Audubon Volunteer Fire Fighters Relief Association: $30,000 (Program Support - New Fire Engine) • Hospice of the Red River Valley: $25,000 (Program Support) **Eligibility:** Grants are awarded to qualified 501(c)(3) nonprofit organizations and public schoo…
Where does Team Foundation make grants?
TEAM Foundation primarily funds communities in: • **Minnesota** (primary focus) • Tennessee • South Dakota
What size grants does Team Foundation award?
In 2024, Team Foundation awarded 40 grants totaling $386K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is Team Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Team Foundation reported a distributable amount of $19K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Team Foundation's EIN?
Team Foundation's EIN (Employer Identification Number) is 06-1696861. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Team Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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