The Lynn And Foster Friess Family Foundation

Jackson, WY
Tax-exempt since Oct. 1981
EIN: 51-0260302

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Religion-Related, Spiritual Development / Christian (NTEE)

Donations to this organization are tax deductible.

Revenue

$3.36M (2024)

Expenses

$7.99M (2024)

Total Assets

$126M (2024)

Total Liabilities

$35k (2024)

Source: Form 990 tax filings from 2012 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending April
2024

Revenue

$3,358,252

Expenses

$7,987,223

Net Income

-$4,628,971

Net Assets

$125,612,672

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$102,114	3.0%
Dividends	$3,126,648	93.1%
Sales of Assets	$129,490	3.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,570,302	94.8%
Compensation of Officers*	$40,333	0.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$125,647,658
Total Liabilities	$34,986
Net Assets	$125,612,672

Compensation

Key Employees and Officers	Compensation	Other
Stephen Friess (Secretary/Di)	$40,333	$0
Lynnette E Friess (President/Di)	$0	$0

990-PF

Filed on Feb. 28, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending April
2023

Revenue

-$9,176,514

Expenses

$6,478,821

Net Income

-$15,655,335

Net Assets

$118,618,337

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$81,175
Dividends	$2,221,964
Sales of Assets	-$14,602,495
Other Income	$3,122,842

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,098,496	94.1%
Compensation of Officers*	$50,000	0.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$118,660,101
Total Liabilities	$41,764
Net Assets	$118,618,337

Compensation

Key Employees and Officers	Compensation	Other
Stephen Friess (Secretary/Di)	$50,000	$0
Lynnette E Friess (President/Di)	$0	$0

990-PF

Filed on Sept. 5, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending April
2022

Revenue

$36,186,755

Expenses

$5,000,662

Net Income

$31,186,093

Net Assets

$122,272,652

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,000	0.0%
Interest Revenue	$4,296	0.0%
Dividends	$2,569,255	7.1%
Sales of Assets	$11,423,620	31.6%
Other Income	$22,186,584	61.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,596,296	91.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$122,372,858
Total Liabilities	$100,206
Net Assets	$122,272,652

Compensation

Key Employees and Officers	Compensation	Other
Stephen Friess (Staff)	$55,000	$0
Lynnette E Friess (Sec./Treas.)	$0	$0

990-PF

Filed on Jan. 27, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending April
2021

Revenue

$35,206,988

Expenses

$4,332,093

Net Income

$30,874,895

Net Assets

$121,167,200

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$24,000,000	68.2%
Interest Revenue	$21,773	0.1%
Dividends	$905,144	2.6%
Sales of Assets	$10,280,071	29.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,086,518	94.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$121,266,237
Total Liabilities	$99,037
Net Assets	$121,167,200

Compensation

Key Employees and Officers	Compensation	Other
Stephen Friess (Staff)	$55,000	$0
Foster S Friess (Pres./V.P.)	$0	$0
Lynnette E Friess (Sec./Treas.)	$0	$0

990-PF

Filed on Jan. 13, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending April
2020

Revenue

$6,533,368

Expenses

$4,500,234

Net Income

$2,033,134

Net Assets

$74,662,978

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$723,466	11.1%
Dividends	$696,885	10.7%
Sales of Assets	$5,113,017	78.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,567,281	79.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$74,749,365
Total Liabilities	$86,387
Net Assets	$74,662,978

Compensation

Key Employees and Officers	Compensation	Other
Stephen Friess (Staff)	$55,000	$0
Foster S Friess (Pres./V.P.)	$0	$0
Lynnette E Friess (Sec./Treas.)	$0	$0

990-PF

Filed on Feb. 22, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending April
2019

Revenue

-$730,947

Expenses

$3,407,476

Net Income

-$4,138,423

Net Assets

$76,004,669

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$704,346
Dividends	$695,393
Sales of Assets	$0
Other Income	$23,412

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,729,003	80.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$76,025,863
Total Liabilities	$21,194
Net Assets	$76,004,669

Compensation

Key Employees and Officers	Compensation	Other
Stephen Friess (Staff)	$55,000	$0
Foster S Friess (Pres./V.P.)	$0	$0
Lynnette E Friess (Sec./Treas.)	$0	$0

990-PF

Filed on Feb. 24, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending April
2018

Revenue

$7,823,983

Expenses

$4,516,642

Net Income

$3,307,341

Net Assets

$75,244,050

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,400,000	30.7%
Interest Revenue	$258,166	3.3%
Dividends	$268,120	3.4%
Sales of Assets	$0
Other Income	$4,897,697	62.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,675,043	81.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$75,343,586
Total Liabilities	$99,536
Net Assets	$75,244,050

Compensation

Key Employees and Officers	Compensation	Other
Stephen Friess (Staff)	$55,000	$0
Foster S Friess (Pres./V.P.)	$0	$0
Lynnette E Friess (Sec./Treas.)	$0	$0

990-PF

Filed on Dec. 18, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending April
2017

Revenue

$3,687,609

Expenses

$4,445,371

Net Income

-$757,762

Net Assets

$75,334,718

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,650,000	71.9%
Interest Revenue	$134,645	3.7%
Dividends	$131,203	3.6%
Sales of Assets	$169,824	4.6%
Other Income	$601,937	16.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,651,194	82.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$75,351,904
Total Liabilities	$17,186
Net Assets	$75,334,718

Compensation

Key Employees and Officers	Compensation	Other
Stephen Friess (Staff)	$55,000	$0
Foster S Friess (Pres./V.P.)	$0	$0
Lynnette E Friess (Sec./Treas.)	$0	$0

990-PF

Filed on Aug. 18, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending April
2016

Revenue

-$389,782

Expenses

$4,928,408

Net Income

-$5,318,190

Net Assets

$73,299,523

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,000,000
Interest Revenue	$36,450
Dividends	$151,281
Sales of Assets	$0
Other Income	$30,495

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,143,445	84.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$73,311,559
Total Liabilities	$12,036
Net Assets	$73,299,523

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending April
2015

Revenue

$3,363,406

Expenses

$5,682,989

Net Income

-$2,319,583

Net Assets

$78,884,119

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,000,000	29.7%
Interest Revenue	$31,545	0.9%
Dividends	$175,572	5.2%
Sales of Assets	$2,149,963	63.9%
Other Income	$6,326	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,761,164	83.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$78,903,276
Total Liabilities	$19,157
Net Assets	$78,884,119

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending April
2014

Revenue

$2,568,040

Expenses

$5,687,528

Net Income

-$3,119,488

Net Assets

$85,037,385

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$25,524	1.0%
Dividends	$283,827	11.1%
Sales of Assets	$2,258,689	88.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,430,138	77.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$85,100,535
Total Liabilities	$63,150
Net Assets	$85,037,385

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending April
2013

Revenue

-$1,063,122

Expenses

$5,893,446

Net Income

-$6,956,568

Net Assets

$85,850,057

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$44,550
Dividends	$288,510
Sales of Assets	$0
Other Income	$5

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,032,974	85.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$85,887,785
Total Liabilities	$37,728
Net Assets	$85,850,057

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending April
2012

Revenue

-$16,602

Expenses

$6,142,054

Net Income

-$6,158,656

Net Assets

$92,543,029

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$67,608
Dividends	$183,956
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,188,456	84.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$92,556,581
Total Liabilities	$13,552
Net Assets	$92,543,029

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Updated September 25, 2025

The Lynn And Foster Friess Family Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $3.36M (2024)

Expenses $7.99M (2024)

Total Assets $126M (2024)

Total Liabilities $35k (2024)

Tax Filings by Year

Fiscal Year Ending April 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending April 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending April 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending April 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending April 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending April 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending April 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending April 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending April 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending April 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending April 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending April 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending April 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Revenue

$3.36M (2024)

Expenses

$7.99M (2024)

Total Assets

$126M (2024)

Total Liabilities

$35k (2024)

Fiscal Year Ending April
2024

Fiscal Year Ending April
2023

Fiscal Year Ending April
2022

Fiscal Year Ending April
2021

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2020

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2019

Fiscal Year Ending April
2018

Fiscal Year Ending April
2017

Fiscal Year Ending April
2016

Fiscal Year Ending April
2015

Fiscal Year Ending April
2014

Fiscal Year Ending April
2013

Fiscal Year Ending April
2012

Fiscal Year Ending April
2011

Fiscal Year Ending April
2010

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2009

Fiscal Year Ending April
2008

Fiscal Year Ending April
2007

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2006

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2005

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2004

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2003

Fiscal Year Ending April
2002