Nonprofit · EIN 41-1356072
THE DEPOT FOUNDATION
Tax-exempt · DULUTH, MN 55802
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-PF | $645,575 | $635,772 | $9,803 | $8,406,761 | $593,072 | $7,813,689 |
| June 30, 2024 | 990-PF | $718,790 | $1,357,933 | -$639,143 | $7,986,535 | $746,221 | $7,240,314 |
Financial details: 990-PF for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $266,197
- Interest
- $196,505
- Net gain from sales of assets
- $165,366
- Other income
- $17,507
Expenses
- Grants and similar amounts paid
- $399,318
- Compensation of officers, directors and key employees
- $95,820
- Salaries, compensation and benefits (total)
- $27,083
- Disbursements for charitable purposes
- $743,655
- Excise tax on investment income
- $4,453
Balance sheet and other
- Total assets, start of year
- $7,986,535
- Total assets, end of year
- $8,406,761
- Total liabilities, end of year
- $593,072
- Net assets, end of year
- $7,813,689
- Fair market value of assets
- $8,805,337
- Qualifying distributions
- $743,655
- Net investment income
- $361,871
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JASON YOUNG 506 W MICHIGAN ST, DULUTH, MN 55802 | EXECUTIVE DI | 40 | $95,820 | $2,746 |
| AMY KURONEN 506 W MICHIGAN ST, DULUTH, MN 55802 | CHAIR | 1 | $0 | $0 |
| CHRISTINE MELONE 506 W MICHIGAN ST, DULUTH, MN 55802 | VICE CHAIR | 1 | $0 | $0 |
| ROBERT FISCHER 506 W MICHIGAN ST, DULUTH, MN 55802 | SECRETARY | 1 | $0 | $0 |
| JENNY MILLER 506 W MICHIGAN ST, DULUTH, MN 55802 | TREASURER | 1 | $0 | $0 |
| DENNIS LAMKIN 506 W MICHIGAN ST, DULUTH, MN 55802 | DIRECTOR | 1 | $0 | $0 |
| ELISSA HUSBY 506 W MICHIGAN ST, DULUTH, MN 55802 | DIRECTOR | 1 | $0 | $0 |
| KRIS KAPSNER 506 W MICHIGAN ST, DULUTH, MN 55802 | DIRECTOR | 1 | $0 | $0 |
| RICK LUBBERS 506 W MICHIGAN ST, DULUTH, MN 55802 | DIRECTOR | 1 | $0 | $0 |
| JILL PINKNEY-PASTRANA 506 W MICHIGAN ST, DULUTH, MN 55802 | DIRECTOR | 1 | $0 | $0 |
| BARB PERELLA 506 W MICHIGAN ST, DULUTH, MN 55802 | DIRECTOR | 1 | $0 | $0 |
| R CRAFT DRYER 506 W MICHIGAN ST, DULUTH, MN 55802 | DIRECTOR | 1 | $0 | $0 |
| PAT CUTSHALL 506 W MICHIGAN ST, DULUTH, MN 55802 | DIRECTOR | 1 | $0 | $0 |
| ERICA WALLI 506 W MICHIGAN ST, DULUTH, MN 55802 | DIRECTOR | 1 | $0 | $0 |
990-PF for the year ended June 30, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JASON YOUNG 506 W MICHIGAN ST, DULUTH, MN 55802 | DEVELOPMENT Highest-paid employee | 40 | $80,330 | $1,756 |
| AMY HIETAPELTO 506 W MICHIGAN, DULUTH, MN 55802 | CHAIR | 1 | $0 | $0 |
| AMY KURONEN 506 W MICHIGAN, DULUTH, MN 55802 | VICE-CHAIR | 0 | $0 | $0 |
| KAROL SOWERS 506 W MICHIGAN, DULUTH, MN 55802 | SECRETARY | 0 | $0 | $0 |
| BILL GRAVELLE 506 W MICHIGAN, DULUTH, MN 55802 | TREASURER | 0 | $0 | $0 |
| DENNIS LAMKIN 506 W MICHIGAN, DULUTH, MN 55802 | DIRECTOR | 0 | $0 | $0 |
| RICK LUBBERS 506 W MICHIGAN, DULUTH, MN 55802 | DIRECTOR | 0 | $0 | $0 |
| R CRAFT DRYER 506 W MICHIGAN ST, DULUTH, MN 55802 | DIRECTOR | 0 | $0 | $0 |
| CHRSTINE MELONE 506 W MICHIGAN ST, DULUTH, MN 55802 | DIRECTOR | 0 | $0 | $0 |
| ROBERT FISCHER 506 W MICHIGAN ST, DULUTH, MN 55802 | DIRECTOR | 0 | $0 | $0 |
| BARB PERRELLA 506 W MICHIGAN, DULUTH, MN 55802 | DIRECTOR | 0 | $0 | $0 |
| ELISSA HUSBY 506 W MICHIGAN, DULUTH, MN 55802 | DIRECTOR | 0 | $0 | $0 |
| JILL PINKNEY PASTRANA 506 W MICHIGAN, DULUTH, MN 55802 | DIRECTOR | 0 | $0 | $0 |
| KRIS KAPSNER 506 W MICHIGAN, DULUTH, MN 55802 | DIRECTOR | 0 | $0 | $0 |
| PAT CUTSHALL 506 W MICHIGAN ST, DULUTH, MN 55802 | DIRECTOR | 0 | $0 | $0 |
| JENNY MILLER 506 W MICHIGAN ST, DULUTH, MN 55802 | DIRECTOR | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 506 W MICHIGAN ST, DULUTH, MN 55802-1505
- Signed the 990-PF
- JASON YOUNG, EXECUTIVE DIRECTOR
- Phone
- (218) 279-9913
- Website
- WWW.DEPOTFOUNDATION.ORG
- Return prepared by
- ESTERBROOKS CPAS LTD
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-PF on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-PF on file |
IRS record
- EIN
- 41-1356072
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1979
- Accounting year ends
- June
- Files
- Form 990-PF
- Assets (IRS master file)
- $8,406,761
- Income (IRS master file)
- $1,071,307
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | June 2025 | $645,575 | $635,772 | $8,406,761 | IRS |
| 990-PF | June 2024 | $718,790 | $1,357,933 | $7,986,535 | XML |
| 990-PF | June 2023 | – | – | – | IRS |
| 990-PF | June 2022 | – | – | – | IRS |
| 990-PF | June 2021 | – | – | – | IRS |
| 990-PF | June 2019 | – | – | – | 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 41-1356072).
Questions about THE DEPOT FOUNDATION
- What is the EIN of THE DEPOT FOUNDATION?
- The employer identification number (EIN) of THE DEPOT FOUNDATION is 41-1356072.
- Is THE DEPOT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
- Are donations to THE DEPOT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE DEPOT FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THE DEPOT FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE DEPOT FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended June 2025.
- Who are the officers and directors of THE DEPOT FOUNDATION?
- The 990-PF for the year ended June 30, 2025 lists 14 people; 1 received compensation from the organization, the highest $95,820 (JASON YOUNG, EXECUTIVE DI).
- How much revenue does THE DEPOT FOUNDATION have?
- On its 990-PF for the year ended June 30, 2025 it reported revenue of $645,575, expenses of $635,772 and total assets of $8,406,761 at year end.
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