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Nonprofit · EIN 41-1355241

SALOLAMPI FOUNDATION

Tax-exempt · MINNEAPOLIS, MN 55414

Financials

$119K$72K2023$87K$59K2024
Revenue Expenses · by fiscal year end
Financials of SALOLAMPI FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$86,697$59,376$27,321$1,874,752$2,598$1,872,154
December 31, 2023990$119,225$71,682$47,543$1,687,630$62$1,687,568
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$46,714
Program service revenue
$0
Investment income
$39,983
Other revenue
$0

Expenses

Grants and similar amounts paid
$33,193
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$450
Accounting fees
$1,095
Program services (functional)
$33,193
Management and general (functional)
$20,456
Fundraising (functional)
$5,727

Balance sheet and other

Total assets, start of year
$1,687,630
Total assets, end of year
$1,874,752
Total liabilities, end of year
$2,598
Net assets, end of year
$1,872,154
Publicly traded securities
$1,765,829
Net assets without donor restrictions
$60,144
Net assets with donor restrictions
$1,812,010
Gross receipts
$86,697
Employees
0
Volunteers
32
Year formed
1979
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.

NameTitleHours / weekCompensation
RIKU CASTRODIRECTOR
Trustee or director
0.5$0
LINDA WARPULA DAVISDIRECTOR
Trustee or director
1$0
CERIDWEN KOSKIDIRECTOR
Trustee or director
0.33$0
STEVE TAPANI LEPPALADIRECTOR
Trustee or director
0.38$0
KRISTI LOECKDIRECOTOR
Trustee or director
1.25$0
AILI LUNDDIRECTOR
Trustee or director
–$0
ERIC MAKIDIRECTOR
Trustee or director
0.17$0
JEFFREY BERNARD MOONDIRECTOR
Trustee or director
0.36$0
LAURA BERNARD MOONDIRECTOR
Trustee or director
3$0
SUSANNA OJODIRECTOR
Trustee or director
0.33$0
ELI LAHTI SCHLOTECDIRECTOR
Trustee or director
0.75$0
KAISA TAIPALEDIRECTOR
Trustee or director
0.75$0
KATIE-ROSE IMBRIANOSECRETARY
Officer
3$0
PAAVO TAIPALETREASURER
Officer
2$0
AINO WHELERPRESIDENT
Officer
3.5$0
990 for the year ended December 31, 2023: 15 people
NameTitleHours / weekCompensation
Richard CastroDirector
Trustee or director
0$0
Steve LepplDirector
Trustee or director
0$0
Linda Warpula DavisDirector
Trustee or director
2$0
Kaisa TaipaleDirector
Trustee or director
2$0
Aili LundDirector
Trustee or director
0$0
Heidi Marttila-LosureDirector
Trustee or director
0$0
Eric MakiDirector
Trustee or director
0$0
Ceri KoskiDirector
Trustee or director
0$0
Susanna OjoDirector
Trustee or director
0$0
Kristi LoeckDirector
Trustee or director
0$0
Paavo TaipaleTreasurer
Officer
2$0
Mark KellaherPresident
Officer
1$0
Aino WhelerPresident
Officer
3$0
Katie-Rose ImbrianoSecretary
Officer
2$0
Laura Bernard MoonDirector
Officer
0$0

Address and contacts

Address (IRS master file)
PO BOX 14480, MINNEAPOLIS, MN 55414-0480
In care of
% ARLENE TUCKER TREASURER
Principal officer (990 for 2024)
PAAVO TAIPALE, PO BOX 14480, MINNEAPOLIS, MN 554140480
Signed the 990
PAAVO TAIPALE, TREASURER
Phone
(651) 210-5281
Return prepared by
CUMMINGS KEEGAN & CO PLLP

Mission

MISSION STATEMENT: THE SALOLAMPI FOUNDATION IS COMMITTED TO SUSTAINING THE FINNISH LANGUAGE AND CULTURE. WE PROVIDE SCHOLARSHIPS AND PROGRAM SUPPORT TO SALOLAMPI FINNISH LANGUAGE VILLAGE, ENHANCING AND EXPANDING VILLAGERS' KNOWLEDGE OF AND PASSION FOR FINNISH LANGUAGE AND CULTURE.

990 for the year ended December 31, 2024

Program accomplishments

  • OUR PROGRAM ACCOMPLISHMENTS INCLUDE RAISING 46K TO SUPPORT SCHOLARSHIPS FOR SALOLAMPI AND DISBURSING 33,193 IN FUNDS FOR 45 SCHOLARSHIPS. WE STAFFED TABLES AT FINN FUN DAY, FINNFEST, AND OTHER FINNISH COMMUNITY EVENTS, AS WELL AS ORGANIZING A SALOLAMPI ALUMNI REUNION TO FOSTER COMMUNITY AND GROW SUPPORT FOR THE ORGANIZATION.
    Expenses $33,193 · grants $33,193

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
41-1355241
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1981
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,874,752
Income (IRS master file)
$86,697

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$86,697$59,376$1,874,752XML
990December 2023$119,225$71,682$1,687,630XML
990December 2022$97,824$52,783$1,506,778IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS
990December 2017–––IRS
990December 2016–––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 41-1355241).

Questions about SALOLAMPI FOUNDATION

What is the EIN of SALOLAMPI FOUNDATION?
The employer identification number (EIN) of SALOLAMPI FOUNDATION is 41-1355241.
Is SALOLAMPI FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1981.
Are donations to SALOLAMPI FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SALOLAMPI 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 SALOLAMPI 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 SALOLAMPI 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 SALOLAMPI FOUNDATION?
The 990 for the year ended December 31, 2024 names PAAVO TAIPALE.
Who are the officers and directors of SALOLAMPI FOUNDATION?
The 990 for the year ended December 31, 2024 lists 15 people; 0 received compensation from the organization.
How much revenue does SALOLAMPI FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $86,697, expenses of $59,376 and total assets of $1,874,752 at year end.

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