Nonprofit · EIN 41-0858512
TSE INC
Tax-exempt · ROSEVILLE, MN 55113
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,555,022 | $5,693,497 | -$138,475 | $3,552,880 | $1,006,596 | $2,546,284 |
| December 31, 2023 | 990 | $6,151,603 | $5,607,441 | $544,162 | $4,005,031 | $1,322,533 | $2,682,498 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $72,045
- of which government grants
- $52,500
- Program service revenue
- $5,309,659
- Investment income
- $79,000
- Net gain from sales of assets
- $1,200
- Net income from fundraising events
- $37,694
- Other revenue
- $94,318
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $328,705
- Other salaries and wages
- $3,111,426
- Salaries, compensation and benefits (total)
- $4,058,935
- Professional fundraising fees
- $0
- Legal fees
- $1,096
- Accounting fees
- $29,150
- Occupancy
- $409,299
- Travel
- $67,866
- Depreciation
- $47,056
- Program services (functional)
- $4,559,531
- Management and general (functional)
- $1,133,966
Balance sheet and other
- Total assets, start of year
- $4,005,031
- Total assets, end of year
- $3,552,880
- Total liabilities, end of year
- $1,006,596
- Net assets, end of year
- $2,546,284
- Land, buildings and equipment
- $39,325
- Publicly traded securities
- $95,011
- Net assets without donor restrictions
- $2,529,827
- Net assets with donor restrictions
- $16,457
- Gross receipts
- $5,579,934
- Employees
- 231
- Volunteers
- 0
- Year formed
- 1961
- 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 | Other / benefits |
|---|---|---|---|---|
| LYNNE MEGAN | PRESIDENT Officer | 40 | $126,195 | $6,283 |
| SHIRLEY HALGRIMSON | CHIEF FINANCIAL OFFICER Officer | 40 | $85,486 | $4,239 |
| DAN BROWN | CHIEF OPERATING OFFICER Trustee or director, Officer | 40 | $61,766 | $983 |
| STEVE LILLY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARY KAY CARLSEN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JAMISON RANDALL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PETER GRAFSTROM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIM OSTLUND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHET TSCHETTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CINDY BOND | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JERRY LE VASSEUER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARY DOKKEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PAM RYDER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEBORAH KREITZ | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DUSTIN WAHLQUIST | DIRECTOR Trustee or director | 1 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DARLINE SCOTT | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LYNNE MEGAN | PRESIDENT Officer | 40 | $135,023 | $6,010 |
| SHIRLEY HALGRIMSON | CHIEF FINANCIAL OFFICER Officer | 40 | $88,621 | $4,396 |
| SUZETTE FRITH | CHIEF OPERATING OFFICER Officer | 40 | $66,487 | $4,431 |
| STEVE LILLY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARY KAY CARLSEN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JAMISON RANDALL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PETER GRAFSTROM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIM OSTLUND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHET TSCHETTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CINDY BOND | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JERRY LE VASSEUER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANNE BENDA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARY DOKKEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PAM RYDER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEBORAH KREITZ | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DUSTIN WAHLQUIST | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DARLINE SCOTT | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2027 RICE ST, ROSEVILLE, MN 55113-6807
- Principal officer (990 for 2024)
- LYNNE R MEGAN, 2027 RICE ST, ROSEVILLE, MN 551136807
- Signed the 990
- LYNNE MEGAN, PRESIDENT
- Phone
- (651) 489-2595
- Website
- WWW.TSE-INC.ORG
- Return prepared by
- BGM CPA LLC
Mission
TO PROVIDE SERVICE AND TRAINING TO INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES, TO INCREASE THEIR PARTICIPATION IN EMPLOYMENT AND RELATED ACTIVITIES ENABLING THEM TO BECOME MORE INTEGRATED IN THE COMMUNITY.
Program accomplishments
- SERVICES AND TRAINING PROVIDED TO INDIVIDUALS WITH DEVELOPMENTAL AND/OR COGNITIVE DISABILITIES, TO DEVELOP THEIR ABILITIES TO PARTICIPATE IN EMPLOYMENT AND BECOME MORE INTEGRATED INTO THEIR COMMUNITIES.Expenses $4,559,531 · revenue $5,366,283
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
- 41-0858512
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1965
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,552,880
- Income (IRS master file)
- $5,579,934
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,555,022 | $5,693,497 | $3,552,880 | XML |
| 990 | December 2023 | $6,151,603 | $5,607,441 | $4,005,031 | XML |
| 990 | December 2022 | $5,278,966 | $5,248,885 | $3,464,736 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | 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 41-0858512).
Questions about TSE INC
- What is the EIN of TSE INC?
- The employer identification number (EIN) of TSE INC is 41-0858512.
- Is TSE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1965.
- Are donations to TSE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TSE 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 TSE 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 TSE INC 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 TSE INC?
- The 990 for the year ended December 31, 2024 names LYNNE R MEGAN.
- Who are the officers and directors of TSE INC?
- The 990 for the year ended December 31, 2024 lists 16 people; 3 received compensation from the organization, the highest $126,195 (LYNNE MEGAN, PRESIDENT).
- How much revenue does TSE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,555,022, expenses of $5,693,497 and total assets of $3,552,880 at year end.
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