Nonprofit · EIN 41-2000877
KATHERINE WELLS MACMILLAN FOUNDATION
Tax-exempt · MINNEAPOLIS, MN 55440
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $28,249,775 | $7,220,070 | $21,029,705 | $131,792,466 | $0 | $131,792,466 |
| December 31, 2023 | 990-PF | $41,837,081 | $4,928,838 | $36,908,243 | $110,762,761 | $0 | $110,762,761 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $23,000,000
- Dividends
- $3,146,223
- Interest
- $2,585,006
- Net rental income
- $37
- Net gain from sales of assets
- -$481,491
Expenses
- Grants and similar amounts paid
- $5,725,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $5,746,598
- Excise tax on investment income
- $59,461
Balance sheet and other
- Total assets, start of year
- $110,762,761
- Total assets, end of year
- $131,792,466
- Total liabilities, end of year
- $0
- Net assets, end of year
- $131,792,466
- Fair market value of assets
- $131,859,393
- Qualifying distributions
- $5,746,598
- Net investment income
- $5,731,266
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 |
|---|---|---|---|
| MARIANNE SHORT PO BOX 5628, MINNEAPOLIS, MN 554405628 | DIRECTOR/PRESIDENT | 0.25 | $0 |
| JENNIFER J CULLEN PO BOX 5628, MINNEAPOLIS, MN 554405628 | DIRECTOR/VICE PRESIDENT | 0.25 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARIANNE SHORT PO BOX 5628, MINNEAPOLIS, MN 554405628 | DIRECTOR | 0.25 | $0 |
| JENNIFER J CULLEN PO BOX 5628, MINNEAPOLIS, MN 554405628 | DIRECTOR/TREASURER | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 5628, MINNEAPOLIS, MN 55440-5628
- In care of
- % STEVEN A HORNIG
- Signed the 990-PF
- JENNIFER CULLEN, TREASURER
- Phone
- (952) 674-2800
- Return prepared by
- ERNST & YOUNG US 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
- 41-2000877
- 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
- 2001
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $131,792,466
- Income (IRS master file)
- $28,744,584
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $28,249,775 | $7,220,070 | $131,792,466 | IRS |
| 990-PF | December 2023 | $41,837,081 | $4,928,838 | $110,762,761 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990-PF | 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 41-2000877).
Questions about KATHERINE WELLS MACMILLAN FOUNDATION
- What is the EIN of KATHERINE WELLS MACMILLAN FOUNDATION?
- The employer identification number (EIN) of KATHERINE WELLS MACMILLAN FOUNDATION is 41-2000877.
- Is KATHERINE WELLS MACMILLAN FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to KATHERINE WELLS MACMILLAN FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does KATHERINE WELLS MACMILLAN FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of KATHERINE WELLS MACMILLAN 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 KATHERINE WELLS MACMILLAN 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 KATHERINE WELLS MACMILLAN FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does KATHERINE WELLS MACMILLAN FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $28,249,775, expenses of $7,220,070 and total assets of $131,792,466 at year end.
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