Minnesota Military Family Foundation

Nonprofit profile at a glance

EIN
411815585
IRS 990 coverage
2015–2025
Forms available
Form 990 2025
Location
Golden Valley, MN, USA
Phone
7635442255
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Community Foundations

Official website

Reported finances

Revenue
$2,322,175
Expenses
$539,825
Assets
$13,898,352
Liabilities
$124,468

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • BILL POPP (PRESIDENT)
  • TOM LYONS (VICE PRESIDENT)
  • TIM KENNEDY (SECRETARY/EXECUTIVE DIRECTOR)

People named in this filing

  • BILL POPP (PRESIDENT)
  • TOM LYONS (VICE PRESIDENT)
  • TIM KENNEDY (SECRETARY/EXECUTIVE DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The purpose of the foundation is to provide timely financial assistance to deployed and currently serving Minnesota military personnel and their families, who have a financial crisis that is not supported by existing state or federal programs.

What it reported doing in 2025

Minnesota military family foundation (the foundation) is a community-supported fund founded in november 2004. Contributions are made by people who understand that there are many sacrifices that military families make and want to help soften the financial hardships that may occur, especially when a family member is deployed, by providing a financial safety net. The foundation distributes money, through grants, to Minnesota military families that need help. The foundation works closely with the soldier and family readiness specialists (sfrs). The sfrs communicates directly with military members and their families. They direct request to the foundation and provide details of the service members' financial needs. The foundation pays mortgage payments, rents, utilities, car payments, medical bills and other needs on behalf of the service members.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work.

Rating breakdown

  • Financial Efficiency: 55
  • Transparency & Controls: 94
  • Accountability: 100
  • Sustainability: 94
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 44.8%; rating input score 45
  • Program expense ratio: 89%; rating input score 89
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 75th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 76.8%; rating input score 96; 96th percentile among comparable filings
  • Total-asset coverage ratio: 25.75; rating input score 97; 97th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 79; 79th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 90; 90th percentile among comparable filings

Growth

  • Program expense growth: 7.2% per year; rating input score 100; 48th percentile among comparable filings
  • Revenue growth: 9.4% per year; rating input score 100; 64th percentile among comparable filings
  • Asset growth: 13.4% per year; rating input score 100; 70th percentile among comparable filings

Details

  • Where the money goes: 44.8% of revenue deployed · 89% of spending went to programs
  • Governance: 11 of 11 board members independent · 7 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $480K in reported program spending
  • Leadership: top reported pay $0 · 13 people listed
  • Consistency: 23 of 23 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 11 filing years from 2015 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 45/100.