Nonprofit · EIN 88-2856860
MICHAEL L PETERSON FOUNDATION
Tax-exempt · CEDAR FALLS, IA 50613
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $7,755,460 | $856,167 | $6,899,293 | $3,822,311 | $0 | $3,822,311 |
| December 31, 2024 | 990-PF | $289,676 | $334,679 | -$45,003 | $263,090 | $0 | $263,090 |
| December 31, 2023 | 990-PF | $173,225 | $150,000 | $23,225 | $308,093 | $0 | $308,093 |
| December 31, 2022 | 990-PF | $2,147,950 | $0 | $2,147,950 | $284,868 | $0 | $284,868 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $3,940,500
- Dividends
- $30,000
- Interest
- $1,411
- Net gain from sales of assets
- $3,783,549
Expenses
- Grants and similar amounts paid
- $851,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $852,000
- Excise tax on investment income
- $53,014
Balance sheet and other
- Total assets, start of year
- $263,090
- Total assets, end of year
- $3,822,311
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,822,311
- Fair market value of assets
- $3,823,552
- Qualifying distributions
- $852,000
- Net investment income
- $3,814,960
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL L PETERSON 1710 ADAMS STREET, CEDAR FALLS, IA 50613 | TRUSTEE | 0.5 | $0 |
990-PF for the year ended December 31, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL L PETERSON 1710 ADAMS STREET, CEDAR FALLS, IA 50613 | TRUSTEE | 0.5 | $0 |
990-PF for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL L PETERSON 1710 ADAMS STREET, CEDAR FALLS, IA 50613 | TRUSTEE | 0.5 | $0 |
990-PF for the year ended December 31, 2022: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL L PETERSON 1710 ADAMS STREET, CEDAR FALLS, IA 50613 | TRUSTEE | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 1710 ADAMS ST, CEDAR FALLS, IA 50613-4324
- Signed the 990-PF
- MICHAEL PETERSON, TRUSTEE
- Phone
- (319) 266-1731
- Return prepared by
- CREATIVE PLANNING TAX LLC
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 | 990-PF 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
- 88-2856860
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $3,822,311
- Income (IRS master file)
- $9,335,867
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $7,755,460 | $856,167 | $3,822,311 | IRS |
| 990-PF | December 2024 | $289,676 | $334,679 | $263,090 | IRS |
| 990-PF | December 2023 | $173,225 | $150,000 | $308,093 | XML |
| 990-PF | December 2022 | $2,147,950 | $0 | $284,868 | XML |
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 88-2856860).
Questions about MICHAEL L PETERSON FOUNDATION
- What is the EIN of MICHAEL L PETERSON FOUNDATION?
- The employer identification number (EIN) of MICHAEL L PETERSON FOUNDATION is 88-2856860.
- Is MICHAEL L PETERSON FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to MICHAEL L PETERSON FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MICHAEL L PETERSON FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MICHAEL L PETERSON FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MICHAEL L PETERSON FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of MICHAEL L PETERSON FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 1 person; 0 received compensation from the organization.
- How much revenue does MICHAEL L PETERSON FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $7,755,460, expenses of $856,167 and total assets of $3,822,311 at year end.
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