Nonprofit · EIN 20-8720916
HEARTFIRST CHARITABLE FOUNDATION
Tax-exempt · WOODBURY, MN 55125
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $143,259 | $52,891 | $90,368 | $746,503 | $0 | $746,503 |
| December 31, 2023 | 990 | $72,355 | $106,413 | -$34,058 | $658,885 | $2,750 | $656,135 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $119,750
- Program service revenue
- $0
- Investment income
- $23,509
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $52,500
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $52,500
- Management and general (functional)
- $391
Balance sheet and other
- Total assets, start of year
- $658,885
- Total assets, end of year
- $746,503
- Total liabilities, end of year
- $0
- Net assets, end of year
- $746,503
- Gross receipts
- $143,259
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2007
- State of legal domicile
- MN
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SYDNEY MORTENSEN | PRESIDENT & SECRETARY Trustee or director, Officer | 1 | $0 |
| CONIK RUNYON | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 1 | $0 |
| DELANEY RUNYON | TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SYDNEY MORTENSEN | PRESIDENT & SECRETARY Trustee or director, Officer | 1 | $0 |
| CONIK RUNYON | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 1 | $0 |
| DELANEY RUNYON | TREASURER Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 111 WEIR DR, WOODBURY, MN 55125-3200
- In care of
- % GERRY THOMAS
- Mailing address (990-N for 2013)
- 12181 Margo Avenue S Ste 100, Hastings MN 55033
- Principal officer (990 for 2024)
- SYDNEY MORTENSEN, 111 WEIR DRIVE, WOODBURY, MN 55125
- Principal officer (990-N for 2013)
- Gerry Thomas, 12181 Margo Avenue S Ste 100, Hastings MN 55033
- Signed the 990
- SYDNEY MORTENSEN, PRESIDENT
- Phone
- (800) 704-5004
- Return prepared by
- REDPATH AND COMPANY LLC
Mission
TO ADVANCE, SUPPORT, PROMOTE AND ADMINISTER CHARITABLE ACTIVITIES, CAUSES AND PROJECTS OF EVERY KIND AND NATURE WHATSOEVER ON THE FOUNDATION'S OWN BEHALF OR IN PARTNERSHIP WITH OTHER 501(C)(3) ORGANIZATIONS.
Program accomplishments
- HEARTFIRST CHARITABLE FOUNDATION PARTNERED WITH THE IFA FOUNDATION TO PROVIDE FUNDING FOR THE FRANCHISE ASCENSION INITIATIVE PROGRAM WHICH HELPS PREPARE QUALIFIED INDIVIDUALS FROM UNDERREPRESENTED GROUPS AND ECONOMICALLY DISADVANTAGED COMMUNITIES WITH THE EDUCATION, MENTORSHIP, RESOURCES, AND SUPPORT TO SUCCESSFULLY LAUNCH A CAREER IN FRANCHISE OWNERSHIP.Expenses $52,500 · grants $52,500
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-8720916
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T12)
- Assets (IRS master file)
- $746,503
- Income (IRS master file)
- $143,259
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $143,259 | $52,891 | $746,503 | XML |
| 990 | December 2023 | $72,355 | $106,413 | $658,885 | XML |
| 990 | December 2022 | $1,100 | $25 | $690,193 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990-N for 2013 Officer: Gerry Thomas | December 31, 2013 | ≤ $50,000 receipts | – | – | e-Postcard |
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 20-8720916).
Questions about HEARTFIRST CHARITABLE FOUNDATION
- What is the EIN of HEARTFIRST CHARITABLE FOUNDATION?
- The employer identification number (EIN) of HEARTFIRST CHARITABLE FOUNDATION is 20-8720916.
- Is HEARTFIRST CHARITABLE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to HEARTFIRST CHARITABLE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HEARTFIRST CHARITABLE FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HEARTFIRST CHARITABLE 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 HEARTFIRST CHARITABLE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HEARTFIRST CHARITABLE FOUNDATION?
- The 990 for the year ended December 31, 2024 names SYDNEY MORTENSEN.
- Who are the officers and directors of HEARTFIRST CHARITABLE FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does HEARTFIRST CHARITABLE FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $143,259, expenses of $52,891 and total assets of $746,503 at year end.
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