Nonprofit · EIN 41-1736420
PROSPECT CREEK FOUNDATION
Also known as 4900 IDS CENTER
Tax-exempt · WAYZATA, MN 55391
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $865,041 | $4,888,852 | -$4,023,811 | $24,994,812 | $0 | $24,994,812 |
| December 31, 2023 | 990-PF | $692,468 | $3,527,250 | -$2,834,782 | $29,018,623 | $0 | $29,018,623 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $397,263
- Net gain from sales of assets
- $246,208
- Other income
- $221,570
Expenses
- Grants and similar amounts paid
- $4,858,565
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $4,864,236
- Excise tax on investment income
- $12,231
Balance sheet and other
- Total assets, start of year
- $29,018,623
- Total assets, end of year
- $24,994,812
- Total liabilities, end of year
- $0
- Net assets, end of year
- $24,994,812
- Fair market value of assets
- $25,103,006
- Qualifying distributions
- $4,864,236
- Net investment income
- $904,552
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 |
|---|---|---|---|
| MARTHA CLARK ATWATER 636 FERNDALE AVENUE, WAYZATA, MN 55391 | DIRECTOR | 0 | $0 |
| H B ATWATER JR 636 FERNDALE AVENUE, WAYZATA, MN 55391 | DIRECTOR | 0 | $0 |
| ELIZABETH ATWATER CONNOLLY 970 LILAC LANE, SANTA BARBARA, CA 93108 | DIRECTOR | 0 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARTHA CLARK ATWATER 636 FERNDALE AVENUE, WAYZATA, MN 55391 | DIRECTOR | 0 | $0 |
| H B ATWATER JR 636 FERNDALE AVENUE, WAYZATA, MN 55391 | DIRECTOR | 0 | $0 |
| ELIZABETH ATWATER CONNOLLY 970 LILAC LANE, SANTA BARBARA, CA 93108 | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 636 FERNDALE RD W, WAYZATA, MN 55391-9628
- In care of
- % MARTHA CLARK ATWATER
- Signed the 990-PF
- BRUCE ATWATER, DIRECTOR
- Phone
- (612) 839-0666
- Return prepared by
- CLIFTONLARSONALLEN 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
- 41-1736420
- 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
- 1993
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $24,994,812
- Income (IRS master file)
- $19,968,725
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $865,041 | $4,888,852 | $24,994,812 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $692,468 | $3,527,250 | $29,018,623 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | 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 41-1736420).
Questions about PROSPECT CREEK FOUNDATION
- What is the EIN of PROSPECT CREEK FOUNDATION?
- The employer identification number (EIN) of PROSPECT CREEK FOUNDATION is 41-1736420.
- Is PROSPECT CREEK FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to PROSPECT CREEK FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does PROSPECT CREEK FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of PROSPECT CREEK 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 PROSPECT CREEK 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 PROSPECT CREEK FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does PROSPECT CREEK FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $865,041, expenses of $4,888,852 and total assets of $24,994,812 at year end.
Other nonprofits in WAYZATA
- SHEPHERDS - A FAMILY FOUNDATION EIN 47-3839311 · last filed 990-PF for 2025
- HAMMER RESIDENCES INC EIN 41-0841103 · last filed 990 for 2025
- WAYZATA COUNTRY CLUB EIN 41-0778776 · last filed 990 for 2024
- PADDOCK FOUNDATION EIN 46-1610503 · last filed 990-PF for 2024
- BENTSON FOUNDATION EIN 41-6020204 · last filed 990-PF for 2025
- MITHUN FAMILY FOUNDATION EIN 36-3495071 · last filed 990-PF for 2024
- WOODHILL COUNTRY CLUB EIN 41-0619490 · last filed 990 for 2025
- SPRING HILL GOLF CLUB EIN 41-1865981 · last filed 990 for 2024