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True Friends Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 411645512 ✦ Annandale, MN ✦ Designated as a 501(c)(3)

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Overview

What is True Friends Foundation?

True Friends Foundation is a nonprofit organization situated in Annandale, Minnesota. Its primary purpose is to support True Friends, a Minnesota corporation, by managing and investing its properties and assets. This foundation aims to raise funds through establishing strong relationships with individuals, offering easy giving options, and prudently investing endowment funds. The foundation's activities are focused on managing investments and properties to benefit True Friends.


Official website here: www.truefriends.org

What do the Facebook reviews say about True Friends Foundation?

94% of 105 reviewers on Facebook recommend True Friends Foundation. Here’s a summary of their experiences: Many families express high satisfaction with the camp programs offered, emphasizing the positive and energetic atmosphere created by the counselors. One parent noted that their son had an outstanding first experience at camp, highlighting the counselors’ enthusiasm and personalized attention.

Overall, it’s evident that the organization effectively meets the expectations of both children and parents, fostering a supportive environment that encourages a love for camp. The positive feedback showcases the foundation's commitment to providing memorable experiences for all involved, leading families to eagerly anticipate future engagements.


This AI summary has been generated from reviews found on Facebook.

Is True Friends Foundation legitimate?

True Friends Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. True Friends Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.truefriends.org

What is the mission statement of True Friends Foundation?

The True Friends Foundation's mission is centered around managing investments and property for its primary beneficiary, True Friends Corporation, with the goal of raising funds. This is achieved by establishing strong relationships with individuals, offering products and services that facilitate giving, and prudently investing endowment funds. The foundation's purpose is to acquire various types of property, either through purchase, lease, or other means, and use it to further its objectives. It can also choose to sell, convey, or dispose of this property as necessary.


Official website here: www.truefriends.org

Who is the CEO of True Friends Foundation?

John Leblanc is the Chair of True Friends Foundation. The CEO's salary of True Friends Foundation is $0 and their total compensation is $158,690.


Official website here: www.truefriends.org

What is the revenue of True Friends Foundation?

True Friends Foundation's revenue in 2022 was $1,020,726.


Official website here: www.truefriends.org

Who are the executives of True Friends Foundation and what are their salaries?

There 13 volunteers at True Friends Foundation.


Here are 13 key members and their salaries (True Friends Foundation's CEO's salary is $0 and their total compensation is $158,690):


Steven Lacke (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Kemp Murray (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gaylen Ghylin (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lon Bencini (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jody Estensen (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Hanson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Judson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brent Miller (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Josh Storms (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Thalhuber (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lori Trygg (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Ellen Wells (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Leblanc (President & Ceo)
  • Compensation: $0
  • Related: $157,545
  • Other: $1,145


Official website here: www.truefriends.org

Where can I find the form 990 for True Friends Foundation?

True Friends Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.truefriends.org

Learn more at the official website: www.truefriends.org

Mission Statement of True Friends Foundation

The True Friends Foundation, established for the benefit of True Friends, a Minnesota corporation, is dedicated to raising funds through the development of strong relationships with individuals. By offering products and services that simplify the giving process and prudently investing endowment funds, the foundation aims to accumulate and manage resources effectively. This strategic approach allows the foundation to fulfill its mission and promote the welfare of True Friends.

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Impact




October, 2024

True Friends Foundation significantly impacts the community by raising funds through strong relationships with individuals and organizations. Its focus on building connections facilitates a culture of giving, making it easier for supporters to contribute. By managing investments and properties effectively, the Foundation ensures that resources are wisely allocated, promoting the mission of True Friends.

The Foundation is dedicated to enhancing recreation opportunities and services, which in turn enriches the lives of those it serves. Through the prudent investment of endowment funds, it sustains and expands these offerings, allowing for a greater reach and more impactful programs. The outcome is a robust support system that encourages community involvement and enhances the recreational experiences available to individuals. Overall, the Foundation's efforts lead to meaningful benefits for those engaged with True Friends and the larger community in Annandale, Minnesota, fostering a spirit of generosity and connection.




This information is meant to be a general summary of True Friends Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,020,726 (2022)
Expenses
$652,119 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $634,062
  • Gross Receipts: $4,480,546

Assets and Liabilities:

  • Total Assets: $22,566,360
  • Total Liabilities: $124,026
  • Net Assets: $22,442,334

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Organization Details

Founding Year

1989

Principal Officer

John Leblanc

Main Address

10509 108TH STREET NW, ANNANDALE, MN, 55302

NTEE Category

Code: N20I - Recreation

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