Civic Intelligence

Tb1 Fund Inc.

EIN 87-3032990 • 501(c)3 • Blaine, MN

Pub. 78 Eligible

Profile

TB1Fund's mission is to brighten days for patients and families at the University of Minnesota Masonic Children's Hospital. Our primary goal is to help patients focus on recovery by providing items and experiences that not only distract and engage them, but also encourage recovery, be it mental, physical or emotional. We are constantly working on new ideas, new projects and new partnerships to provide the best possible experiences and offerings.

1179 Naples Circle NEBlaine, MN 55449

www.tb1fund.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

69th percentile

0.12x

Higher debt load relative to assets than 69% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

65th percentile

0.07x

Higher debt load relative to revenue than 65% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

32nd percentile

-3.7%

Higher net margin than 32% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

90th percentile

60%

Faster asset growth than 90% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2024

Revenue Growth

68th percentile

21%

Faster revenue growth than 68% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2024

Assets

Up

$385,514

Up $37,058 (+11%) from 2023

Liabilities

Up

$47,022

Up $40,970 (+677%) from 2023

Net Assets

Down

$338,492

Down $3,912 (-1.1%) from 2023

Revenue

Up

$654,899

Up $113,023 (+21%) from 2023

Expenses

Up

$678,811

Up $328,794 (+94%) from 2023

Net Income

Down

-$23,912

Down $215,771 (-112%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2021: $103,888Liabilities 2021: $0Net Assets 2021: $103,8882021Assets 2022: $150,545Liabilities 2022: $0Net Assets 2022: $150,5452022Assets 2023: $348,456Liabilities 2023: $6,052Net Assets 2023: $342,4042023Assets 2024: $385,514Liabilities 2024: $47,022Net Assets 2024: $338,4922024

Highlighted filing

2024

Assets$385,514
Liabilities$47,022
Net Assets$338,492

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2021: $104,787Expenses 2021: $899Net Income 2021: $103,8882021Revenue 2022: $449,902Expenses 2022: $403,245Net Income 2022: $46,6572022Revenue 2023: $541,876Expenses 2023: $350,017Net Income 2023: $191,8592023Revenue 2024: $654,899Expenses 2024: $678,811Net Income 2024: -$23,9122024

Highlighted filing

2024

Revenue$654,899
Expenses$678,811
Net Income-$23,912

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 6, 2025
Return Version
2024v5.2
Gross Receipts
$920,024
Mission and Program Overview

Mission

TB1Fund's mission is to brighten days for patients and families at the University of Minnesota Masonic Children's Hospital. Our primary goal is to help patients focus on recovery by providing items and experiences that not only distract and engage them, but also encourage recovery, be it mental, physical or emotional. We are constantly working on new ideas, new projects and new partnerships to provide the best possible experiences and offerings.

To help patients focus on recovery by providing items and experiences

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$179,823-
Cash and Non-Interest-Bearing Accounts$187,760$124,418▼ $63,342
Prepaid Expenses and Deferred Charges$159,644$68,122▼ $91,522
Accounts Receivable$1,052$13,151▲ $12,099
Total Assets$348,456$385,514▲ $37,058
Liabilities
Accounts Payable and Accrued Expenses$6,052$47,022▲ $40,970
Total Liabilities$6,052$47,022▲ $40,970
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$342,404$338,492▼ $3,912
Total Net Assets Fund Balance$342,404$338,492▼ $3,912
Total Liabilities and Net Assets / Fund Balance$348,456$385,514▲ $37,058
Compensation and Service Providers

Board Members and Trustees

NameTitle
Daniel BattagliaPresident
David CanfieldSecretary
Jeffrey BradleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$757,735
Program Service Revenue
$0
Investment Income
$2,291
Other Revenue
$-105,127
All Other Contributions
$397,228
Change in Net Assets
$-23,912

Audited Revenue Reconciliation

Revenue per Audited Statements
$654,899
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$654,899
Total Revenue per Form 990
$654,899
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$490,911
Grants and Similar Amounts Paid$187,900
Total Fundraising Expense$30,814
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$187,900--$187,900
Other Expenses$49,018$46$30,814$30,860
Advertising-$15,358-$15,358
Fees for Services Other-$11,036-$11,036
Occupancy-$3,525-$3,525
Office Expenses-$3,142-$3,142
Information Technology-$2,416-$2,416
Insurance-$1,033-$1,033
Conferences and Meetings-$646-$646
Total Functional Expenses$610,795$37,202$30,814$678,811

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$678,811
Total Expenses per Audited Statements$678,811
Total Expenses per Form 990$678,811
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of Minnesota FoundationMinneapolis, MN501(c)(3)General Support$106,500
Hunger Related EventsMinneapolis, MNNaGeneral Support$80,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$265,125
Fundraising Gross Income$159,983
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Champions Cup$262,807$95,708$9,248$86,460
Summer Sounds$136,666$39,820$56,783$-16,963
Total Events$520,490$159,983$265,125$-105,142
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Form 990 reviewed by board of directors prior to signature and filing.

Form 990, Part VI, Section B, Line 12C

Conflict of interest policy is reviewed, discussed and signed annually by tb1 fund board of directors.

Form 990, Part VI, Section C, Line 19

All governing documents, conflict of interest policy and financials are available upon request.

Filing and Contact Details

Filer

Filer Name
Tb1 Fund Inc
EIN
87-3032990
Phone
6126705468
Address
1179 NAPLES CIRCLE NE, BLAINE, MN 55449

Signing Officer

Name
Daniel Battaglia
Title
President
Phone
6126705468
Signed
2025-10-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Battaglia
Formed
2021
Legal Domicile
Mn
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Cliftonlarsonallen Llp
Address
220 S 6TH STREET SUITE 300, MINNEAPOLIS, MN 55402
Preparer
Heidi Tatro
Phone
6123764500
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

No change in the process from prior year.

Financial Statement Notes

PART X, LINE 2:

Tb1 fund inc are organized as minnesota nonprofit corporations and have been recognized by the internal revenue service (irs) as exempt from federal income taxes under irc section 501(a) as organizations described in internal revenue code (irc) section 501(c)(3), qualify for the charitable contribution deduction under irc sections 170(b)(1)(a)(vi) and (viii), and have been determined not to be private foundations under irc sections 509(a)(1) and (3), respectively. Each entity is annually required to file a return of organization exempt from income tax (form 990) with the irs. In addition, the entities are subject to income tax on net income that is derived from business activities that are unrelated to their exempt purposes. We have determined the organization is not subject to unrelated business income tax and have not filed an exempt organization business income tax return (form 990-t) with the irs.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TB1 FUND INC ARE ORGANIZED AS MINNESOTA NONPROFIT CORPORATIONS AND HAVE BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER IRC SECTION 501(A) AS ORGANIZATIONS DESCRIBED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3), QUALIFY FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER IRC SECTIONS 170(B)(1)(A)(VI) AND (VIII), AND HAVE BEEN DETERMINED NOT TO BE PRIVATE FOUNDATIONS UNDER IRC SECTIONS 509(A)(1) AND (3), RESPECTIVELY. EACH ENTITY IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE ENTITIES ARE SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSES. WE HAVE DETERMINED THE ORGANIZATION IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAVE NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0678811
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt09291
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent2Amt05613
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt014904
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0360507
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0167099
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt096846
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt096562
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0265125
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt05273
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent2Amt046800
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentOtherEventsAmt06725
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt058798
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0CHAMPIONS CUP
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0SUMMER SOUNDS
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt011059
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt027300
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt016440
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt054799
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0262807
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt0136666
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt0121017
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0520490
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt095708
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt039820
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt024455
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0159983
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-105142
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt07079
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesOtherEventsAmt01967
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt09046
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt017485
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt083516
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt09248
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt056783
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt03
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt04532
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsOtherEventsAmt039530
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt044062
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0106500
IRS990ScheduleI/RecipientTable/CashGrantAmt180000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1NA
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0NA
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc1NA
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0UNIVERSITY OF MINNESOTA FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1HUNGER RELATED EVENTS
IRS990ScheduleI/RecipientTable/RecipientEIN0416042488
IRS990ScheduleI/RecipientTable/RecipientEIN1411760359
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0200 OAK STREET SE 500
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt16200 INTERLACHEN BLVD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MINNEAPOLIS
IRS990ScheduleI/RecipientTable/USAddress/CityNm1MINNEAPOLIS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd055455
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd155436
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0NA
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc1NA
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANTS ARE REVIEWED BY TB1 BOARD OF DIRECTORS BEFORE BEING AWARDED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 REVIEWED BY BOARD OF DIRECTORS PRIOR TO SIGNATURE AND FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST POLICY IS REVIEWED, DISCUSSED AND SIGNED ANNUALLY BY TB1 FUND BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIALS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO CHANGE IN THE PROCESS FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0348456
IRS990/TotalAssetsEOYAmt0385514
IRS990/TotalAssetsGrp/BOYAmt0348456
IRS990/TotalAssetsGrp/EOYAmt0385514
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0757735
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt030814
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt037202
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0610795
IRS990/TotalFunctionalExpensesGrp/TotalAmt0678811
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06052
IRS990/TotalLiabilitiesEOYAmt047022
IRS990/TotalLiabilitiesGrp/BOYAmt06052
IRS990/TotalLiabilitiesGrp/EOYAmt047022
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0342404
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0338492
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0610795
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0-102836
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0654899
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0348456
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0385514
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01179 NAPLES CIRCLE NE
IRS990/USAddress/CityNm0BLAINE
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055449
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.TB1FUND.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DANIEL BATTAGLIA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06126705468
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TB1 FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0TB1F
ReturnHeader/Filer/EIN0873032990
ReturnHeader/Filer/PhoneNum06126705468
ReturnHeader/Filer/USAddress/AddressLine1Txt01179 NAPLES CIRCLE NE
ReturnHeader/Filer/USAddress/CityNm0BLAINE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN

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