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Nonprofit · EIN 20-2522960

VERITAS FOUNDATION

Tax-exempt · PLYMOUTH, MN 55447

Financials

$2.6M$326K2023$419K$419K2024$215K$1.3M2025
Revenue Expenses · by fiscal year end
Financials of VERITAS FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$214,738$1,285,010-$1,070,272$6,847,795$0$6,847,795
December 31, 2024990-PF$419,002$419,025-$23$7,916,069$0$7,916,069
December 31, 2023990-PF$2,592,139$326,454$2,265,685$7,920,887$0$7,920,887
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Dividends
$210,278
Net gain from sales of assets
$4,460

Expenses

Grants and similar amounts paid
$1,285,000
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$1,285,000
Excise tax on investment income
$2,985

Balance sheet and other

Total assets, start of year
$7,916,069
Total assets, end of year
$6,847,795
Total liabilities, end of year
$0
Net assets, end of year
$6,847,795
Fair market value of assets
$8,366,467
Qualifying distributions
$1,285,000
Net investment income
$214,738

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.

NameTitleHours / weekCompensation
PATRICIA J KARLE
1011 YUMA LANE NORTH, PLYMOUTH, MN 55447
PRESIDENT5$0
PETER S KARLE
1011 YUMA LANE NORTH, PLYMOUTH, MN 55447
TREASURER5$0
KRISTINE E ISAAC
1011 YUMA LANE NORTH, PLYMOUTH, MN 55447
SECRETARY5$0
990-PF for the year ended December 31, 2024: 3 people
NameTitleHours / weekCompensation
PATRICIA J KARLE
1011 YUMA LANE NORTH, PLYMOUTH, MN 55447
PRESIDENT5$0
PETER S KARLE
1011 YUMA LANE NORTH, PLYMOUTH, MN 55447
TREASURER5$0
KRISTINE E ISAAC
1011 YUMA LANE NORTH, PLYMOUTH, MN 55447
SECRETARY5$0
990-PF for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
PATRICIA J KARLE
1011 YUMA LANE NORTH, PLYMOUTH, MN 55447
PRESIDENT5$0
PETER S KARLE
1011 YUMA LANE NORTH, PLYMOUTH, MN 55447
TREASURER5$0
KRISTINE E ISAAC
1011 YUMA LANE NORTH, PLYMOUTH, MN 55447
SECRETARY5$0

Address and contacts

Address (IRS master file)
1011 YUMA LN N, PLYMOUTH, MN 55447-3608
In care of
% WIPFLI LLP
Signed the 990-PF
PATRICIA J KARLE, PRESIDENT
Phone
(952) 472-8757
Return prepared by
WIPFLI ADVISORY 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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
20-2522960
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
2006
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$6,847,795
Income (IRS master file)
$497,830

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$214,738$1,285,010$6,847,795XML
990-PFDecember 2024$419,002$419,025$7,916,069XML
990-PFDecember 2023$2,592,139$326,454$7,920,887XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 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 20-2522960).

Questions about VERITAS FOUNDATION

What is the EIN of VERITAS FOUNDATION?
The employer identification number (EIN) of VERITAS FOUNDATION is 20-2522960.
Is VERITAS FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
Are donations to VERITAS FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does VERITAS FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of VERITAS 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 VERITAS 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 VERITAS FOUNDATION?
The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
How much revenue does VERITAS FOUNDATION have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $214,738, expenses of $1,285,010 and total assets of $6,847,795 at year end.

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