Nonprofit · EIN 26-0010320
GRANITE FOUNDATION
Tax-exempt · MENDOTA HTS, MN 55120
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $3,213,367 | $1,002,182 | $2,211,185 | $18,812,657 | $19,865 | $18,792,792 |
| December 31, 2024 | 990-PF | $2,678,951 | $787,967 | $1,890,984 | $16,582,190 | $6,913 | $16,575,277 |
| December 31, 2023 | 990-PF | $2,396,735 | $824,138 | $1,572,597 | $14,656,542 | $6,222 | $14,650,320 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $2,900,000
- Dividends
- $340,891
- Net gain from sales of assets
- -$89,392
- Other income
- $61,868
Expenses
- Grants and similar amounts paid
- $887,391
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $919,059
- Excise tax on investment income
- $3,650
Balance sheet and other
- Total assets, start of year
- $16,582,190
- Total assets, end of year
- $18,812,657
- Total liabilities, end of year
- $19,865
- Net assets, end of year
- $18,792,792
- Fair market value of assets
- $25,674,200
- Qualifying distributions
- $919,059
- Net investment income
- $343,720
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIMOTHY MADDEN 1876 GLUEK LANE, ROSEVILLE, MN 551133851 | VICE PRESIDENT | 2 | $0 |
| DIANE MADDEN 1876 GLUEK LANE, ROSEVILLE, MN 551133851 | PRESIDENT | 2 | $0 |
| MICHAELA MADDEN 1876 GLUEK LANE, ROSEVILLE, MN 551133851 | DIRECTOR | 1 | $0 |
| FRANCIS T MADDEN 1876 GLUEK LANE, ROSEVILLE, MN 551133851 | DIRECTOR | 1 | $0 |
| PAUL C SMITH 1876 GLUEK LANE, ROSEVILLE, MN 551133851 | SECRETARY/TREASURER | 1 | $0 |
| MALLORY L MADDEN 1876 GLUEK LANE, ROSEVILLE, MN 551133851 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIMOTHY MADDEN 1876 GLUEK LANE, ROSEVILLE, MN 551133851 | VICE PRESIDENT | 2 | $0 |
| DIANE MADDEN 1876 GLUEK LANE, ROSEVILLE, MN 551133851 | PRESIDENT | 2 | $0 |
| MICHAELA MADDEN 1876 GLUEK LANE, ROSEVILLE, MN 551133851 | DIRECTOR | 1 | $0 |
| FRANCIS T MADDEN 1876 GLUEK LANE, ROSEVILLE, MN 551133851 | DIRECTOR | 1 | $0 |
| PAUL C SMITH 1876 GLUEK LANE, ROSEVILLE, MN 551133851 | SECRETARY/TREASURER | 1 | $0 |
| MALLORY L MADDEN 1876 GLUEK LANE, ROSEVILLE, MN 551133851 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIMOTHY MADDEN 1876 GLUEK LANE, ROSEVILLE, MN 551133851 | VICE PRESIDENT | 2 | $0 |
| DIANE MADDEN 1876 GLUEK LANE, ROSEVILLE, MN 551133851 | PRESIDENT | 2 | $0 |
| MICHAELA MADDEN 1876 GLUEK LANE, ROSEVILLE, MN 551133851 | DIRECTOR | 1 | $0 |
| FRANCIS T MADDEN 1876 GLUEK LANE, ROSEVILLE, MN 551133851 | DIRECTOR | 1 | $0 |
| PAUL C SMITH 1876 GLUEK LANE, ROSEVILLE, MN 551133851 | SECRETARY/TREASURER | 1 | $0 |
| MALLORY L MADDEN 1876 GLUEK LANE, ROSEVILLE, MN 551133851 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1444 NORTHLAND DR STE 200, MENDOTA HTS, MN 55120-1032
- In care of
- % DIANE L MADDEN
- Signed the 990-PF
- TIM MADDEN, VICE PRESIDENT
- Phone
- (651) 699-0206
- 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 | 990-PF 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
- 26-0010320
- 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
- 2002
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $18,812,657
- Income (IRS master file)
- $5,045,187
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $3,213,367 | $1,002,182 | $18,812,657 | XML |
| 990-PF | December 2024 | $2,678,951 | $787,967 | $16,582,190 | XML |
| 990-PF | December 2023 | $2,396,735 | $824,138 | $14,656,542 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 26-0010320).
Questions about GRANITE FOUNDATION
- What is the EIN of GRANITE FOUNDATION?
- The employer identification number (EIN) of GRANITE FOUNDATION is 26-0010320.
- Is GRANITE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to GRANITE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does GRANITE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of GRANITE 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 GRANITE 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 GRANITE FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does GRANITE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $3,213,367, expenses of $1,002,182 and total assets of $18,812,657 at year end.
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