Nonprofit · EIN 41-1859473
AVOCET FOUNDATION
Tax-exempt · MINNEAPOLIS, MN 55413
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $626,104 | $437,842 | $188,262 | $5,253,724 | $0 | $5,253,724 |
| December 31, 2023 | 990-PF | $262,676 | $1,756,420 | -$1,493,744 | $5,065,462 | $0 | $5,065,462 |
| December 31, 2021 | 990-PF | $750,610 | $296,268 | $454,342 | $6,457,641 | $0 | $6,457,641 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $237,633
- Dividends
- $115,772
- Interest
- $13,776
- Net gain from sales of assets
- $255,692
- Other income
- $3,231
Expenses
- Grants and similar amounts paid
- $290,500
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $290,525
- Excise tax on investment income
- $4,702
Balance sheet and other
- Total assets, start of year
- $5,065,462
- Total assets, end of year
- $5,253,724
- Total liabilities, end of year
- $0
- Net assets, end of year
- $5,253,724
- Fair market value of assets
- $7,002,653
- Qualifying distributions
- $290,525
- Net investment income
- $388,471
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 |
|---|---|---|---|
| JOANNE KLETSCHER 3001 BROADWAY STREET NE STE 640, MINNEAPOLIS, MN 55413 | CEO, SECRETARY, CFO | 0 | $0 |
990-PF for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOANNE KLETSCHER 3001 BROADWAY STREET NE STE 640, MINNEAPOLIS, MN 55413 | CEO, SECRETARY, CFO | 0 | $0 |
990-PF for the year ended December 31, 2021: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOANNE KLETSCHER 3001 BROADWAY STREET NE STE 640, MINNEAPOLIS, MN 55413 | CEO, SECRETARY, CFO | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 3001 BROADWAY ST NE STE 640, MINNEAPOLIS, MN 55413-2795
- In care of
- % RANDALL J SUKOVICH
- Signed the 990-PF
- JOANNE KLETSCHER, PRESIDENT
- Phone
- (952) 512-1165
- Return prepared by
- BURR OAK GROUP INC
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
- 41-1859473
- 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
- 1997
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20J)
- Assets (IRS master file)
- $5,253,724
- Income (IRS master file)
- $1,663,589
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $626,104 | $437,842 | $5,253,724 | XML |
| 990-PF | December 2023 | $262,676 | $1,756,420 | $5,065,462 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | $750,610 | $296,268 | $6,457,641 | XML |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | 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 41-1859473).
Questions about AVOCET FOUNDATION
- What is the EIN of AVOCET FOUNDATION?
- The employer identification number (EIN) of AVOCET FOUNDATION is 41-1859473.
- Is AVOCET FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to AVOCET FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does AVOCET FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of AVOCET 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 AVOCET 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 AVOCET FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
- How much revenue does AVOCET FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $626,104, expenses of $437,842 and total assets of $5,253,724 at year end.
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