Nonprofit · EIN 41-1957525
DAVID AND JANIS LARSON FOUNDATION
Tax-exempt · MINNEAPOLIS, MN 55401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $12,333,771 | $9,381,235 | $2,952,536 | $139,838,749 | $0 | $139,838,749 |
| December 31, 2023 | 990-PF | $9,997,119 | $8,720,976 | $1,276,143 | $136,723,733 | $0 | $136,723,733 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $4,190,909
- Interest
- $125
- Net gain from sales of assets
- $8,117,452
- Other income
- $25,285
Expenses
- Grants and similar amounts paid
- $8,390,000
- Compensation of officers, directors and key employees
- $202,473
- Disbursements for charitable purposes
- $8,532,321
- Excise tax on investment income
- $162,731
Balance sheet and other
- Total assets, start of year
- $136,723,733
- Total assets, end of year
- $139,838,749
- Total liabilities, end of year
- $0
- Net assets, end of year
- $139,838,749
- Fair market value of assets
- $207,597,283
- Qualifying distributions
- $8,532,321
- Net investment income
- $12,333,477
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 |
|---|---|---|---|
| FIRST TRUST CO LLC 250 MARQUETTE AVENUE SUITE 520, MINNEAPOLIS, MN 55401 | TRUSTEE | 10 | $202,473 |
| JANIS L LARSON 581 NORTH STREAM ROAD, WAYZATA, MN 55391 | TRUSTEE | 2 | $0 |
| D LANCE LARSON 8416 ENSLEY LANE, LEAWOOD, KS 66206 | TRUSTEE | 2 | $0 |
| REID M LARSON 11800 28TH AVENUE NORTH, PLYMOUTH, MN 55441 | TRUSTEE | 20 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FIRST TRUST CO LLC 250 MARQUETTE AVENUE SUITE 520, MINNEAPOLIS, MN 55401 | TRUSTEE | 10 | $176,896 |
| JANIS L LARSON 581 NORTH STREAM ROAD, WAYZATA, MN 55391 | PRES., SECT'Y, TREAS., TRU | 2 | $0 |
| D LANCE LARSON 8416 ENSLEY LANE, LEAWOOD, KS 66206 | TRUSTEE | 2 | $0 |
| REID M LARSON 11800 28TH AVENUE NORTH, PLYMOUTH, MN 55441 | TRUSTEE | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 250 MARQUETTE AVE STE 520, MINNEAPOLIS, MN 55401-2165
- In care of
- % FIRST TRUST COMPANY LLC
- Signed the 990-PF
- MICHAEL REDDEN, TRUSTEE
- Phone
- (651) 330-5910
- Return prepared by
- MOSS & BARNETT PA
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
- 41-1957525
- 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
- 2015
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $139,838,749
- Income (IRS master file)
- $40,814,634
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $12,333,771 | $9,381,235 | $139,838,749 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $9,997,119 | $8,720,976 | $136,723,733 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | 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 41-1957525).
Questions about DAVID AND JANIS LARSON FOUNDATION
- What is the EIN of DAVID AND JANIS LARSON FOUNDATION?
- The employer identification number (EIN) of DAVID AND JANIS LARSON FOUNDATION is 41-1957525.
- Is DAVID AND JANIS LARSON FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to DAVID AND JANIS LARSON FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does DAVID AND JANIS LARSON FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of DAVID AND JANIS LARSON 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 DAVID AND JANIS LARSON 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 DAVID AND JANIS LARSON FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $202,473 (FIRST TRUST CO LLC, TRUSTEE).
- How much revenue does DAVID AND JANIS LARSON FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $12,333,771, expenses of $9,381,235 and total assets of $139,838,749 at year end.
Other nonprofits in MINNEAPOLIS
- MINNEAPOLIS FOUNDATION EIN 41-6029402 · last filed 990 for 2025
- MCKNIGHT FOUNDATION EIN 41-0754835 · last filed 990-PF for 2024
- WELLS FARGO FOUNDATION EIN 41-1367441 · last filed 990-PF for 2025
- BAUSTERT FAMILY FOUNDATION EIN 47-3790400 · last filed 990-PF for 2025
- THE RICHARD M SCHULZE FAMILY FOUNDATION EIN 46-5588406 · last filed 990-PF for 2024
- JOYFUL NOISE CHARITABLE FOUNDATION EIN 41-1978254 · last filed 990-PF for 2024
- GHR FOUNDATION EIN 45-3996122 · last filed 990-PF for 2024
- GREATER TWIN CITIES UNITED WAY EIN 41-1973442 · last filed 990 for 2025
All nonprofits in MINNEAPOLIS · Minnesota · Philanthropy, voluntarism and grantmaking foundations