Comprehensive foundation profile based on the most recent IRS Form 990 filing
The CLB Foundation, based in Excelsior, Minnesota, is a philanthropic organization with assets totaling $9,812,064. In the most recent fiscal year, the foundation reported expenses of $925,719 and revenue of $3,111,093. The foundation focuses on philanthropy and supports various cities across multiple states, including Minnesota, Florida, Iowa, Kentucky, and Michigan. Key funded cities include Minneapolis, St. Paul, and Sanibel. The foundation's leadership team includes Carl R. Bergquist as President/Treasurer, Elizabeth Bergquist as Vice President, and Ken Rude as Executive Director/Secretary. The foundation employs a small team, with most members working minimal hours and receiving little to no compensation, except for Ken Rude and Carolynn Krings, who receive modest compensation for their roles.
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Financials
+2.6% from previous year
9 grants awarded in 2024
Of total revenue spent on programs
Grants
| Purpose | Location | |||
|---|---|---|---|---|
| $250,000 | HERITAGE CHRISTIAN ACADEMY | TUITION SPONSORSHIP | Maple grove, MN, US | 2024 |
| $220,000 | SANIBEL COMMUNITY CHURCH | PROGRAM SPONSORSHIP & HURRICANE RELIEF FUND | Sanibel, FL, US | 2023 |
| $110,000 | HILLSDALE COLLEGE | TUITION SPONSORSHIP | Hillsdale, MI, US | 2023 |
| $100,000 | CHAPEL HILL ACADEMY | TUITION SPONSORSHIP | Chanhassen, MN, US | 2024 |
| $100,000 | SOUTHWEST CHRISTIAN HIGH SCHOOL | TUITION SPONSORSHIP | Chaska, MN, US | 2024 |
| $100,000 | SANIBEL COMMUNITY CHURCH | PROGRAM SPONSORSHIP | Sanibel, FL, US | 2024 |
| $50,000 | BANYAN FOUNDATION | FUND OUTREACH PROGRAMS | Minneapolis, MN, US | 2022 |
| $50,000 | JOSHUA ONE EIGHT | HIGHERTREK | Lexington, KY, US | 2022 |
| $50,000 | SISTERS RISING WORLDWIDE | FUNDING TO ADDRESS POVERTY WORLDWIDE | St paul, MN, US | 2022 |
| $50,000 | SOUTHWEST CHRISTIAN HIGH SCHOOL | CHRISTIAN EDUCATION FUNDING | Chaska, MN, US | 2022 |
People
Compensation data from most recent available 990 forms
| Title | |||
|---|---|---|---|
KR
KEN RUDE
| EXECUTIVE DIRECTOR/SEC (AS OF 7/31/23) | $11,581 | 2024 |
CK
CAROLYNN KRINGS
| DIRECTOR | $10,549 | 2024 |
JT
JAY THORSLAND
| DIRECTOR (AS OF 8/1/2023) | $1,212 | 2024 |
CR
CARL R BERGQUIST
| PRESIDENT/TREASURER | $0 | 2024 |
EB
ELIZABETH BERGQUIST
| VICE PRESIDENT | $0 | 2024 |
CARL R BERGQUIST
PRESIDENT/TREASURER
ELIZABETH BERGQUIST
VICE PRESIDENT
BEVERLY NIELSEN
SECRETARY (THRU 7/31/23)
KEN RUDE
EXECUTIVE DIRECTOR/SEC (AS OF 7/31/23)
CAROLYNN KRINGS
DIRECTOR
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Financial data sourced from IRS 990 forms via ProPublica Nonprofit Explorer
View on ProPublica Nonprofit ExplorerLast updated on August 25, 2025