M B Foundation
Only null% goes to programs Strong reserves Growing revenue
M B Foundation is a 501(c)(3) organization based in Edina, Minnesota, registered in 1997, with $225,123 in FY2024 revenue. CharityIndex grades it C+.
6909 Dakota Trl, Edina, MN, 55439 EIN 41-6421316 Since 1997
Revenue (FY2024)
$225K
▼ 9.6% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$229K
Net assets
$354K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for M B Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating19 mo reserves · -2% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For M B Foundation: 19 mo reserves · -2% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for M B Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For M B Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 6909 Dakota Trl, Edina, MN, 55439
- City
- Edina
- State
- Minnesota
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $56K (FY2013) to $225K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $354K
Operating margin
-1.9%
Spent more than it raised in the latest fiscal year.
Total assets
$354K
Total liabilities
$0
Net assets
$354K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $225,123▼9.6% | $229,299▲1.2% | $354,047▼3.0% | $354,047▼3.0% | 990PF |
| 2023 | $249,007▲301% | $226,554▲295% | $364,920▲6.3% | $364,920▲6.3% | 990PF |
| 2022 | $62,117▲111% | $57,344▼2.2% | $343,280▲1.3% | $343,280▲1.3% | 990PF |
| 2021 | $29,501▼87.7% | $58,651▼74.6% | $339,007▼2.3% | $339,007▼2.3% | 990PF |
| 2020 | $239,851▲139% | $230,940▲120% | $347,036▲3.4% | $347,036▲3.4% | 990PF |
| 2019 | $100,298▼47.4% | $104,951▼41.0% | $335,516▼1.4% | $335,516▼1.4% | 990PF |
| 2018 | $190,678▲52.6% | $177,846▲28.3% | $340,169▲3.9% | $340,169▲3.9% | 990PF |
| 2017 | $124,926▼6.3% | $138,627▲18.5% | $327,337▼4.0% | $327,337▼4.0% | 990PF |
| 2016 | $133,291▲74.8% | $116,975▼2.1% | $341,038▲5.0% | $341,038▲5.0% | 990PF |
| 2015 | $76,262▲19705% | $119,503▼2.9% | $324,722▼11.8% | $324,722▼11.8% | 990PF |
| 2014 | -$389▼101% | $123,109▲161% | $367,963▼25.1% | $367,963▼25.1% | 990PF |
| 2013 | $56,355 | $47,185▲8.1% | $491,461▲1.9% | $491,461▲1.9% | 990PF |
| 2012 | — | $43,645▼7.3% | $482,291▼57.9% | $482,291▼57.9% | 990PF |
| 2011 | — | $47,087 | $1,145,523 | $1,145,523 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is M B Foundation a legitimate nonprofit?
- Yes. M B Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 41-6421316, based in Edina, Minnesota. Donations are tax-deductible.
- What is M B Foundation's EIN?
- M B Foundation's Employer Identification Number (EIN) is 41-6421316.
- How much revenue does M B Foundation report?
- M B Foundation reported $225,123 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does M B Foundation have?
- CharityIndex grades M B Foundation C+, based on financial health (reserves and operating margin).
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Data for M B Foundation (EIN 41-6421316) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.