Nonprofit · EIN 41-1468021
SIT INVESTMENT ASSOCIATES FOUNDATION
Tax-exempt · MINNEAPOLIS, MN 55402
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $4,385,635 | $3,261,872 | $1,123,763 | $42,239,466 | $0 | $42,239,466 |
| December 31, 2023 | 990-PF | $2,237,900 | $2,754,327 | -$516,427 | $41,112,394 | $0 | $41,112,394 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,558,118
- Dividends
- $281,748
- Interest
- $7,513
- Net gain from sales of assets
- $2,538,256
Expenses
- Grants and similar amounts paid
- $3,200,325
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $3,207,800
- Excise tax on investment income
- $39,428
Balance sheet and other
- Total assets, start of year
- $41,112,394
- Total assets, end of year
- $42,239,466
- Total liabilities, end of year
- $0
- Net assets, end of year
- $42,239,466
- Fair market value of assets
- $67,641,976
- Qualifying distributions
- $3,207,800
- Net investment income
- $2,848,263
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL E RASMUSSEN 3300 IDS CENTER 80 SOUTH 8TH STREET, MINNEAPOLIS, MN 55402 | SECRETARY | 1 | $0 |
| DEBRA K BEAUDET 3300 IDS CENTER 80 SOUTH 8TH STREET, MINNEAPOLIS, MN 55402 | ASST. SECRETARY | 1 | $0 |
| ROGER J SIT 3300 IDS CENTER 80 SOUTH 8TH STREET, MINNEAPOLIS, MN 55402 | VOTING MEMBER | 1 | $0 |
| CARLA J ROSE 3300 IDS CENTER 80 SOUTH 8TH STREET, MINNEAPOLIS, MN 55402 | VOTING MEMBER | 1 | $0 |
| RONALD D SIT 3300 IDS CENTER 80 SOUTH 8TH STREET, MINNEAPOLIS, MN 55402 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL E RASMUSSEN 3300 IDS CENTER 80 SOUTH 8TH STREET, MINNEAPOLIS, MN 55402 | SECRETARY | 1 | $0 |
| DEBRA K BEAUDET 3300 IDS CENTER 80 SOUTH 8TH STREET, MINNEAPOLIS, MN 55402 | ASST. SECRETARY | 1 | $0 |
| ROGER J SIT 3300 IDS CENTER 80 SOUTH 8TH STREET, MINNEAPOLIS, MN 55402 | VOTING MEMBER | 1 | $0 |
| CARLA J ROSE 3300 IDS CENTER 80 SOUTH 8TH STREET, MINNEAPOLIS, MN 55402 | VOTING MEMBER | 1 | $0 |
| RONALD D SIT 3300 IDS CENTER 80 SOUTH 8TH STREET, MINNEAPOLIS, MN 55402 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 3300 IDS CENTER 80 SOUTH 8TH STREE, MINNEAPOLIS, MN 55402-0000
- In care of
- % 3300 IDS CENTER
- Signed the 990-PF
- PAUL RASMUSSEN, SECRETARY
- Phone
- (612) 332-3223
- Return prepared by
- DELOITTE TAX 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 | Not 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
- 41-1468021
- 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
- 1984
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $42,239,466
- Income (IRS master file)
- $4,645,720
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $4,385,635 | $3,261,872 | $42,239,466 | IRS |
| 990-PF | December 2023 | $2,237,900 | $2,754,327 | $41,112,394 | XML |
| 990-PF | 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 41-1468021).
Questions about SIT INVESTMENT ASSOCIATES FOUNDATION
- What is the EIN of SIT INVESTMENT ASSOCIATES FOUNDATION?
- The employer identification number (EIN) of SIT INVESTMENT ASSOCIATES FOUNDATION is 41-1468021.
- Is SIT INVESTMENT ASSOCIATES FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to SIT INVESTMENT ASSOCIATES FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does SIT INVESTMENT ASSOCIATES FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of SIT INVESTMENT ASSOCIATES 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 SIT INVESTMENT ASSOCIATES FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of SIT INVESTMENT ASSOCIATES FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does SIT INVESTMENT ASSOCIATES FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $4,385,635, expenses of $3,261,872 and total assets of $42,239,466 at year end.
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