Nonprofit · EIN 23-7246052
GRAESSER FOUNDATION
Tax-exempt · TUCSON, AZ 85719
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $50,807 | $41,903 | $8,904 | $812,939 | $0 | $812,939 |
| December 31, 2023 | 990-PF | $66,951 | $28,556 | $38,395 | $804,035 | $0 | $804,035 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $50,799
- Interest
- $8
Expenses
- Grants and similar amounts paid
- $34,000
- Compensation of officers, directors and key employees
- $2,573
- Salaries, compensation and benefits (total)
- $527
- Disbursements for charitable purposes
- $38,716
- Excise tax on investment income
- $609
Balance sheet and other
- Total assets, start of year
- $804,035
- Total assets, end of year
- $812,939
- Total liabilities, end of year
- $0
- Net assets, end of year
- $812,939
- Fair market value of assets
- $784,768
- Qualifying distributions
- $38,716
- Net investment income
- $45,537
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 |
|---|---|---|---|---|
| JENNIFER LOHSE 2440 E BROADWAY, TUCSON, AZ 85719 | VICE-PRESIDENT | 2 | $863 | $50 |
| PATRICIA LOHSE NOT ON BOARD 2440 E BROADWAY, TUCSON, AZ 85719 | VP OF OPERATIONS | 2 | $863 | $50 |
| LINDA LOHSE 2440 E BROADWAY, TUCSON, AZ 85719 | SECRETARY/TREASURER | 2 | $847 | $0 |
| ROBERT LOHSE 2440 E BROADWAY, TUCSON, AZ 85719 | PRESIDENT | 2 | $0 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JENNIFER LOHSE 2440 E BROADWAY, TUCSON, AZ 85719 | VICE-PRESIDENT | 2 | $894 | $58 |
| PATRICIA LOHSE NOT ON BOARD 2440 E BROADWAY, TUCSON, AZ 85719 | CHIEF FINANCIAL OFFICER | 2 | $894 | $55 |
| LINDA LOHSE 2440 E BROADWAY, TUCSON, AZ 85719 | SECRETARY/TREASURER | 2 | $885 | $0 |
| ROBERT LOHSE 2440 E BROADWAY, TUCSON, AZ 85719 | PRESIDENT | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2440 E BROADWAY BLVD, TUCSON, AZ 85719-6008
- Signed the 990-PF
- JENNIFER LOHSE, VICE PRESIDENT
- Phone
- (520) 791-3939
- Website
- TUCSONFOUNDATIONS.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
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
- 23-7246052
- 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
- 1973
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $812,939
- Income (IRS master file)
- $50,807
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $50,807 | $41,903 | $812,939 | XML |
| 990-PF | December 2023 | $66,951 | $28,556 | $804,035 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 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 23-7246052).
Questions about GRAESSER FOUNDATION
- What is the EIN of GRAESSER FOUNDATION?
- The employer identification number (EIN) of GRAESSER FOUNDATION is 23-7246052.
- Is GRAESSER FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1973.
- Are donations to GRAESSER FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does GRAESSER FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of GRAESSER 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 GRAESSER FOUNDATION 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 GRAESSER FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 3 received compensation from the organization, the highest $863 (JENNIFER LOHSE, VICE-PRESIDENT).
- How much revenue does GRAESSER FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $50,807, expenses of $41,903 and total assets of $812,939 at year end.
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