Thorbeck Foundation Inc
Thorbeck Foundation Inc is a private foundation, based in Gonvick, MN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $402K in total assets. In 2025, it awarded 7 grants totaling $33K. Net investment income was $33K.
Key facts about Thorbeck Foundation Inc
In short: Thorbeck Foundation Inc gave $33K across 7 grants in 2025 (avg $5K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.
- EIN
- 36-3487775
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $33,000
- Grants made (2025)
- 7
- Average grant
- $4,714
- Median grant
- $5,000
- Total assets
- $402,405
- Primary geography
- Minnesota (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$402K
+0.1% YoY
Annual Giving
$33K
+32.0% YoY
Grant Count
7
+75.0% YoY
Avg Grant Size
$5K
-24.6% YoY
How Thorbeck Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (−6%). 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 2025 grant dollars across all 7 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $25K (2019) to $45K (2023). In 2025 it made 7 grants totaling $33K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was Presley Westrum ($5K). Together the top 7 received $33K.
Grant Size Distribution
31 grants across all recorded years
The most common grant size was under $50K: 31 grants of 31 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Presley Westrum Leonard, MN | College Education Scholarship | $5,000 |
| Ben Goudge Clearbrook, MN | College Education Scholarship | $5,000 |
| Julie Lavin Clearbrook, MN | College Education Scholarship | $5,000 |
| Haley McCoy Gonvick, MN | College Education Scholarship | $5,000 |
| Alex Churness Clearbrook, MN | College Education Scholarship | $5,000 |
| Abbey Engen Clearbrook, MN | College Education Scholarship | $5,000 |
| Danielle Faldet Clearbrook, MN | College Education Scholarship | $3,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $402,405 | $401,967 | $385,600 |
| Revenue | $35,115 | $42,524 | $11,317 |
| Expenses | $34,677 | $26,157 | $46,121 |
| Qualifying Distributions | $33,000 | $25,000 | $45,000 |
| Net Investment Income | $32,588 | $40,867 | $10,196 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS June 8, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 6, 2026)
- IRS filings on file for fiscal years 2019–2024
Leadership & Key People
Officers and directors from IRS filings
Thorbeck Foundation Inc is led by Jeanne Nordstrom, President on every filing since 2019; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Jeanne Nordstrom
President
On filings since 2019
1 hr/week
No compensation reported
Peter Imle
Director
On filings since 2019
No compensation reported
Amy Crosby
Director
On filings since 2024
No compensation reported
Katherine Imle
Sec-Treas
On filings since 2019
1 hr/week
No compensation reported
Former officers (1)
- Former: Douglas Johnson (2019–2023) — Director
Data from IRS Form 990 filings, 2019–2025. "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 Thorbeck Foundation Inc
How much does Thorbeck Foundation Inc give each year?
Thorbeck Foundation Inc gave $33K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $25K across 4 grants.
What is Thorbeck Foundation Inc's typical grant size?
Thorbeck Foundation Inc's median grant in 2025 was $5,000, and its average grant was $4,714, across 7 grants on its 2025 IRS Form 990-PF.
Where does Thorbeck Foundation Inc give grants?
Thorbeck Foundation Inc gives mostly in Minnesota: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Clearbrook, MN (5 grants).
Does Thorbeck Foundation Inc give general operating support?
Not in 2025: none of the 7 grants with a stated purpose on Thorbeck Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "College Education Scholarship" (7 grants).
Who are Thorbeck Foundation Inc's largest grantees?
Thorbeck Foundation Inc's largest 2025 grantees include Presley Westrum ($5,000), Ben Goudge ($5,000) and Julie Lavin ($5,000), according to its 2025 IRS Form 990-PF. Together they received 45% of its itemized 2025 grant dollars.
How large is Thorbeck Foundation Inc?
Thorbeck Foundation Inc reported $402K in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $35K.
What is Thorbeck Foundation Inc's EIN?
Thorbeck Foundation Inc's EIN (Employer Identification Number) is 36-3487775. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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