Nonprofit · EIN 20-3554641
ASANTE FOUNDATION INC
Tax-exempt · SOUTH BEND, IN 46601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $10,677,319 | $13,878,378 | -$3,201,059 | $156,701,693 | $0 | $156,701,693 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,325
- Dividends
- $3,713,495
- Interest
- $362,744
- Net gain from sales of assets
- $5,664,342
- Other income
- $934,413
Expenses
- Grants and similar amounts paid
- $11,781,883
- Compensation of officers, directors and key employees
- $410,449
- Disbursements for charitable purposes
- $12,299,180
- Excise tax on investment income
- $127,101
Balance sheet and other
- Total assets, start of year
- $160,023,461
- Total assets, end of year
- $156,701,693
- Total liabilities, end of year
- $0
- Net assets, end of year
- $156,701,693
- Fair market value of assets
- $210,554,776
- Qualifying distributions
- $12,299,180
- Net investment income
- $10,623,169
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 | Other / benefits |
|---|---|---|---|---|
| NANCY ICKLER 202 SOUTH MICHIGAN ST SUITE 910, SOUTH BEND, IN 46601 | EXEC. DIRECTOR & SECRETARY | 40 | $244,000 | $46,000 |
| LAURA JENSEN 202 SOUTH MICHIGAN ST SUITE 910, SOUTH BEND, IN 46601 | ASSOCIATE DIRECTOR | 40 | $139,848 | $0 |
| MARCIA S VELDMAN 202 SOUTH MICHIGAN ST SUITE 910, SOUTH BEND, IN 46601 | DIRECTOR/VP & PROGRAM OFFICER | 11 | $26,600 | $0 |
| THOMAS F VELDMAN 202 SOUTH MICHIGAN ST SUITE 910, SOUTH BEND, IN 46601 | DIRECTOR/PRESIDENT | 4 | $0 | $0 |
| CONNIE V JOINES 202 SOUTH MICHIGAN ST SUITE 910, SOUTH BEND, IN 46601 | DIRECTOR/VP & ASST. SECRETARY | 2 | $0 | $0 |
| SHARON EDMONDS 202 SOUTH MICHIGAN ST SUITE 910, SOUTH BEND, IN 46601 | DIRECTOR/VP & TREASURER | 2 | $0 | $0 |
| ANITA J VELDMAN 202 SOUTH MICHIGAN ST SUITE 910, SOUTH BEND, IN 46601 | DIRECTOR/VP | 2 | $0 | $0 |
| MICHAEL A JOINES 202 SOUTH MICHIGAN ST SUITE 910, SOUTH BEND, IN 46601 | DIRECTOR/VP | 2 | $0 | $0 |
| MATTHEW E EDMONDS 202 SOUTH MICHIGAN ST SUITE 910, SOUTH BEND, IN 46601 | DIRECTOR/VP | 2 | $0 | $0 |
| DAVID P VELDMAN 202 SOUTH MICHIGAN ST SUITE 910, SOUTH BEND, IN 46601 | DIRECTOR/VP | 2 | $0 | $0 |
| MARK P VELDMAN 202 SOUTH MICHIGAN ST SUITE 910, SOUTH BEND, IN 46601 | DIRECTOR/VP | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 202 S MICHIGAN ST STE 910, SOUTH BEND, IN 46601-2031
- In care of
- % THOMAS F VELDMAN
- Signed the 990-PF
- THOMAS VELDMAN, PRESIDENT
- Phone
- (574) 261-5270
- Return prepared by
- CITRIN COOPERMAN ADVISORS 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 | 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
- 20-3554641
- 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
- 2005
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $156,701,693
- Income (IRS master file)
- $47,868,283
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $8,989,734 | $16,872,966 | $160,023,461 | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about ASANTE FOUNDATION INC
- What is the EIN of ASANTE FOUNDATION INC?
- The employer identification number (EIN) of ASANTE FOUNDATION INC is 20-3554641.
- Is ASANTE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to ASANTE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does ASANTE FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of ASANTE FOUNDATION INC 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 ASANTE FOUNDATION INC 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 ASANTE FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 11 people; 3 received compensation from the organization, the highest $244,000 (NANCY ICKLER, EXEC. DIRECTOR & SECRETARY).
- How much revenue does ASANTE FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $10,677,319, expenses of $13,878,378 and total assets of $156,701,693 at year end.
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