The Thielen Foundation Inc C/o Lukas Inveiss

What it reported doing in 2024

Here at the thielen foundation, we believe in the power of sport. The power of sport can change our society by showcasing our differences and similarities and how we can come together as a team to achieve a greater goal. We also believe the zip code you are born in should not determine your future potential which is why we developed the #changethrusport campaign. The #changethrusport program was developed in 2020 to stand in the gap for underserved youth in the upper midwest. The thielen foundation boldly puts its passion into action by providing financial support, much needed sports equipment and apparel, along with hope and inspiration for youth to dream big and attain their goals on and off the playing field and set them up for success in life. In 2024, thielen foundation took on two new partner high schools, one in st. Paul, mn (como hs) and one in charlotte, nc (mallard creek hs) -- and did a complete makeover of their weight rooms and added their schools to our legacy program of giving $50,000 in 5 - $1,000 student athletes scholarships annually, over the next 10 years. To date, the thielen foundation has donated to youth athletic teams, high schools and organizations that were in dire need of funding and equipment to keep their programming up and to provide consistent training, discipline and positive character building through coaching

Financial Efficiency

• Mission deployment rate: 45.3%; rating input score 45
• Program expense ratio: 92.4%; rating input score 92
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 92.3%; rating input score 92; 16th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 68.3%; rating input score 68; 32nd 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: 5 of 7 controls in place; rating input score 71
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • 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: 50.3%; rating input score 92; 92nd percentile among comparable filings
• Total-asset coverage ratio: 4.03; rating input score 81; 81st percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

• Program expense growth: 20.7% per year; rating input score 100; 83rd percentile among comparable filings
• Revenue growth: 21.5% per year; rating input score 100; 87th percentile among comparable filings
• Asset growth: 33.7% per year; rating input score 100; 92nd percentile among comparable filings