Nonprofit · EIN 36-3593618
THE TORO COMPANY FOUNDATION
Tax-exempt · BLOOMINGTON, MN 55420
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $3,465,163 | $2,398,387 | $1,066,776 | $6,343,022 | $0 | $6,343,022 |
| December 31, 2023 | 990-PF | $3,177,558 | $2,503,459 | $674,099 | $5,205,943 | $0 | $5,205,943 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,000,000
- Dividends
- $205,562
- Net gain from sales of assets
- $259,601
Expenses
- Grants and similar amounts paid
- $2,363,043
- Disbursements for charitable purposes
- $2,363,729
- Excise tax on investment income
- $5,984
Balance sheet and other
- Total assets, start of year
- $5,205,942
- Total assets, end of year
- $6,343,022
- Total liabilities, end of year
- $0
- Net assets, end of year
- $6,343,022
- Fair market value of assets
- $6,343,022
- Qualifying distributions
- $2,363,729
- Net investment income
- $465,163
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARNIE K WELLS 8111 Lyndale Avenue South, Bloomington, MN 554201196 | President | 0 | $0 |
| JOANNA TOTSKY 8111 Lyndale Avenue South, Bloomington, MN 554201196 | Secretary | 0 | $0 |
| ERIC VAN WIE 8111 Lyndale Avenue South, Bloomington, MN 554201196 | Treasurer | 0 | $0 |
| DIRECTORS - SEE ATTACHED 8111 Lyndale Avenue South, Bloomington, MN 554201196 | Director | 0 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARNIE K WELLS 8111 Lyndale Avenue South, Bloomington, MN 554201196 | President | 0 | $0 |
| SONIA TOOMEY 8111 Lyndale Avenue South, Bloomington, MN 554201196 | Secretary | 0 | $0 |
| ERIC VAN WIE 8111 Lyndale Avenue South, Bloomington, MN 554201196 | Treasurer | 0 | $0 |
| DIRECTORS - SEE ATTACHED 8111 Lyndale Avenue South, Bloomington, MN 554201196 | Director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 8111 LYNDALE AVE S, BLOOMINGTON, MN 55420-1196
- In care of
- % MARNIE WELLS
- Signed the 990-PF
- MARNIE WELLS, President
- Phone
- (952) 887-8967
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 36-3593618
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1989
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $6,343,022
- Income (IRS master file)
- $4,756,290
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $3,465,163 | $2,398,387 | $6,343,022 | XML |
| 990-PF | December 2023 | $3,177,558 | $2,503,459 | $5,205,943 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 36-3593618).
Questions about THE TORO COMPANY FOUNDATION
- What is the EIN of THE TORO COMPANY FOUNDATION?
- The employer identification number (EIN) of THE TORO COMPANY FOUNDATION is 36-3593618.
- Is THE TORO COMPANY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to THE TORO COMPANY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THE TORO COMPANY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THE TORO COMPANY FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE TORO COMPANY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of THE TORO COMPANY FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does THE TORO COMPANY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $3,465,163, expenses of $2,398,387 and total assets of $6,343,022 at year end.
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