Nonprofit · EIN 93-4718893
HOWARD RASMUSSEN CHARITABLE TRUST DATED JANUARY 1 2023
Tax-exempt · MADELIA, MN 56062
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $141,242 | $186,544 | -$45,302 | $3,665,352 | $0 | $3,665,352 |
| December 31, 2023 | 990 | $87,177 | $34,285 | $52,892 | $3,710,651 | $0 | $3,710,651 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Interest
- $4,947
- Net rental income
- $71,101
Expenses
- Grants and similar amounts paid
- $113,350
- Compensation of officers, directors and key employees
- $8,000
- Disbursements for charitable purposes
- $113,350
- Excise tax on investment income
- $1,057
Balance sheet and other
- Total assets, start of year
- $3,710,651
- Total assets, end of year
- $3,665,352
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,665,352
- Fair market value of assets
- $3,715,239
- Qualifying distributions
- $138,350
- Net investment income
- $141,242
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 |
|---|---|---|---|
| RICHARD C KELSEY 8 WEST MAIN STREET, PO BOX 100, MADELIA, MN 56062 | TRUSTEE | 1 | $5,000 |
| STEVEN J SORENSON 81563 HAMMOND HIGHWAY, MADELIA, MN 56062 | TRUSTEE | 0.25 | $1,500 |
| ALLEN O KLINKNER 19139 ENGLEWOOD RD, LAKE CRYSTAL, MN 56055 | TRUSTEE | 0.25 | $1,500 |
990 for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD C KELSEY | TRUSTEE Trustee or director | 1 | $2,500 |
| STEVEN J SORENSON | TRUSTEE Trustee or director | 0.25 | $1,500 |
Address and contacts
- Address (IRS master file)
- 8 W MAIN ST, MADELIA, MN 56062-1438
- In care of
- % RICHARD C KELSEY
- Signed the 990-PF
- RICHARD C KELSEY, TRUSTEE
- Phone
- (507) 642-2800
- Return prepared by
- KELSEY ARNDT & TWEIT PLLC
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 on file |
IRS record
- EIN
- 93-4718893
- 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
- 2024
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $3,665,352
- Income (IRS master file)
- $141,242
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $141,242 | $186,544 | $3,665,352 | XML |
| 990 | December 2023 | $87,177 | $34,285 | $3,710,651 | 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 93-4718893).
Questions about HOWARD RASMUSSEN CHARITABLE TRUST DATED JANUARY 1 2023
- What is the EIN of HOWARD RASMUSSEN CHARITABLE TRUST DATED JANUARY 1 2023?
- The employer identification number (EIN) of HOWARD RASMUSSEN CHARITABLE TRUST DATED JANUARY 1 2023 is 93-4718893.
- Is HOWARD RASMUSSEN CHARITABLE TRUST DATED JANUARY 1 2023 tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to HOWARD RASMUSSEN CHARITABLE TRUST DATED JANUARY 1 2023 tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does HOWARD RASMUSSEN CHARITABLE TRUST DATED JANUARY 1 2023 file?
- Form 990-PF. Private foundations file every year.
- When is the next return of HOWARD RASMUSSEN CHARITABLE TRUST DATED JANUARY 1 2023 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 HOWARD RASMUSSEN CHARITABLE TRUST DATED JANUARY 1 2023 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 HOWARD RASMUSSEN CHARITABLE TRUST DATED JANUARY 1 2023?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 3 received compensation from the organization, the highest $5,000 (RICHARD C KELSEY, TRUSTEE).
- How much revenue does HOWARD RASMUSSEN CHARITABLE TRUST DATED JANUARY 1 2023 have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $141,242, expenses of $186,544 and total assets of $3,665,352 at year end.
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All nonprofits in MADELIA · Minnesota · Philanthropy, voluntarism and grantmaking foundations