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
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
No grants recorded for .
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
Related Funders
Similar funders by location and focus area
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Donald and Luella Zibell Family Foundation
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Assets
—
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Minnesota Citizens Concerned
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Assets
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Clearway Minnesota (sm)
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Assets
—
Grants
6
Total Given
$442K
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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