Nonprofit · EIN 33-4331007
SMEDSRUD FOUNDATION INC
Tax-exempt · MINNEAPOLIS, MN 55410
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,348,038 | $45,980 | $1,302,058 | $1,220,265 | $1,576 | $1,218,689 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,212,828
- Program service revenue
- $0
- Investment income
- $135,205
- Net gain from sales of assets
- $106,241
- Other revenue
- $5
Expenses
- Grants and similar amounts paid
- $42,500
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $1,576
- Program services (functional)
- $42,500
- Management and general (functional)
- $3,480
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $1,220,265
- Total liabilities, end of year
- $1,576
- Net assets, end of year
- $1,218,689
- Publicly traded securities
- $1,212,760
- Net assets without donor restrictions
- $1,218,689
- Gross receipts
- $1,441,701
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2025
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HILARY SMEDSRUD | PRESIDENT Trustee or director, Officer | 2 | $0 |
| ANNA BURKE | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| JEFFREY SMEDSRUD | TREASURER/SE Trustee or director, Officer | 1 | $0 |
| PATTY STRICKLAND | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 4037 WASHBURN AVE S, MINNEAPOLIS, MN 55410-1143
- Principal officer (990 for 2025)
- HILARY SMEDSRUD, 4037 WASHBURN AVENUE S, MINNEAPOLIS, MN 55410
- Signed the 990
- JEFFREY SMEDSRUD, TREASURER/SECRETARY
- Phone
- (612) 802-4614
- Return prepared by
- BOYUM & BARENSCHEER PLLP
Mission
TO SUPPORT INNOVATIVE PROGRAMS IN ARTS, MUSIC, AND THE ENVIRONMENT, AND TO SUPPORT PROGRAMS THAT PROVIDE SOLUTIONS TO CONSUMERS DEALING WITH HEALTH CARE COSTS.
Program accomplishments
- SUPPORTED INNOVATIVE PROGRAMS IN ARTS AND MUSIC.Expenses $15,000 · grants $15,000
- SUPPORTED ENVIRONMENTAL PROGRAMS.Expenses $27,500 · grants $27,500
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 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | Check at the IRS |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 33-4331007
- 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
- 2025
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $1,220,265
- Income (IRS master file)
- $1,441,701
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,348,038 | $45,980 | $1,220,265 | 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 33-4331007).
Questions about SMEDSRUD FOUNDATION INC
- What is the EIN of SMEDSRUD FOUNDATION INC?
- The employer identification number (EIN) of SMEDSRUD FOUNDATION INC is 33-4331007.
- Is SMEDSRUD FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
- Are donations to SMEDSRUD FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SMEDSRUD FOUNDATION INC 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 SMEDSRUD FOUNDATION INC 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 SMEDSRUD FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of SMEDSRUD FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names HILARY SMEDSRUD.
- Who are the officers and directors of SMEDSRUD FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does SMEDSRUD FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,348,038, expenses of $45,980 and total assets of $1,220,265 at year end.
Other nonprofits in MINNEAPOLIS
- MINNEAPOLIS FOUNDATION EIN 41-6029402 · last filed 990 for 2025
- MCKNIGHT FOUNDATION EIN 41-0754835 · last filed 990-PF for 2024
- WELLS FARGO FOUNDATION EIN 41-1367441 · last filed 990-PF for 2025
- BAUSTERT FAMILY FOUNDATION EIN 47-3790400 · last filed 990-PF for 2025
- THE RICHARD M SCHULZE FAMILY FOUNDATION EIN 46-5588406 · last filed 990-PF for 2024
- JOYFUL NOISE CHARITABLE FOUNDATION EIN 41-1978254 · last filed 990-PF for 2024
- GHR FOUNDATION EIN 45-3996122 · last filed 990-PF for 2024
- GREATER TWIN CITIES UNITED WAY EIN 41-1973442 · last filed 990 for 2025
All nonprofits in MINNEAPOLIS · Minnesota · Philanthropy, voluntarism and grantmaking foundations