EIN 41-1784382

Best Buy Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
1995
Most recent tax filings
2023-02-01
NTEE code, primary
Description
The Best Buy Foundation is a family foundation located in Richfield, MN, that primarily funds initiatives supporting communities and made one grant last year.
Also known as...
Best Buy Childrens Foundation
Total revenues
$19,991,487
2023
Total expenses
$18,750,480
2023
Total assets
$58,329,256
2023
Num. employees
0
2023

Who funds Best Buy Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Joly Family FoundationBest Buy Teen Tech Center Presenting Partner Sponsorship Re: Brooklyn Public Library$50,000
William and Gayle Chorske Family FoundationOrganization Support$500
The Hawaii Pacific FoundationEducation Program Support$10

Personnel at Best Buy Foundation

NameTitle
Mathew WatsonPast Treasurer
Mat WatsonTreasurer
Todd HartmanPresident

Financials for Best Buy Foundation

RevenuesFYE 02/2023
Total grants, contributions, etc.$18,868,928
Investment income and dividends$1,122,559
Net rental income$0
Net gain from sale of non-inventory assets$0
Gross sales of inventory$0
Miscellaneous revenues$0
Total revenues$19,991,487

Form 990s for Best Buy Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-022024-04-25990PFView PDF
2022-022023-01-12990PFView PDF
2021-022022-01-13990PFView PDF
2020-022021-10-26990PFView PDF
2019-032019-09-09990PFView PDF
...and 8 more Form 990s
Data update history
May 22, 2024
Posted financials
Added Form 990PF for fiscal year 2023
May 20, 2024
Updated personnel
Identified 1 new personnel
December 23, 2023
Received grants
Identified 2 new grant, including a grant for $56,900 from Assurant Foundation
August 19, 2023
Received grants
Identified 15 new grant, including a grant for $250,000 from Whirlpool Corporation
August 8, 2023
Posted financials
Added Form 990PF for fiscal year 2021
Nonprofit Types
Grantmaking organizationsPrivate foundationsFamily foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedNational levelTax deductible donationsNo full-time employees
General information
Address
7601 Penn Ave S c/o Income Tax
Richfield, MN 55423
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
County
Hennepin County, MN
Phone
(612) 291-2318
IRS details
EIN
41-1784382
Fiscal year end
February
Taxreturn type
Form 990-PF
Year formed
1995
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current - Awaiting Reporting
FTB status revoked
Not revoked
AG Registration Number
CT0270556
FTB Entity ID
8229733
AB 488 data last updated ("as-of") date
2024-12-31
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