Nonprofit · EIN 41-2008689
MORSMAN FAMILY FOUNDATION
Tax-exempt · WAYZATA, MN 55391
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $36,984 | $49,897 | -$12,913 | $473,074 | $0 | $473,074 |
| December 31, 2024 | 990-PF | $167,047 | $45,591 | $121,456 | $485,987 | $0 | $485,987 |
| December 31, 2023 | 990-PF | $67,396 | $46,814 | $20,582 | $364,531 | $0 | $364,531 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $16,966
- Net gain from sales of assets
- $20,018
Expenses
- Grants and similar amounts paid
- $35,400
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $37,709
- Excise tax on investment income
- $394
Balance sheet and other
- Total assets, start of year
- $485,987
- Total assets, end of year
- $473,074
- Total liabilities, end of year
- $0
- Net assets, end of year
- $473,074
- Fair market value of assets
- $842,018
- Qualifying distributions
- $37,709
- Net investment income
- $36,904
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Amy S Morsman 3305 Hazelwood West, Minnetonka, MN 55391 | President/Treasurer | 0.25 | $0 |
| Jeffrey H Morsman 3305 Hazelwood West, Minnetonka, MN 55391 | VP/Secretary/Asst. Treasurer | 0.25 | $0 |
| Edgar M Morsman Jr 3305 Hazelwood West, Minnetonka, MN 55391 | Director | 0.25 | $0 |
| Elizabeth H Morsman 3305 Hazelwood West, Minnetonka, MN 55391 | Director | 0.25 | $0 |
| James C Morsman 3305 Hazelwood West, Minnetonka, MN 55391 | Director | 0.25 | $0 |
| Angela Peyton Morsman 3305 Hazelwood West, Minnetonka, MN 55391 | Director | 0.25 | $0 |
990-PF for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Amy S Morsman 3305 Hazelwood West, Minnetonka, MN 55391 | President/Treasurer | 0.25 | $0 |
| Jeffrey H Morsman 3305 Hazelwood West, Minnetonka, MN 55391 | VP/Secretary/Asst. Treasurer | 0.25 | $0 |
| Edgar M Morsman Jr 3305 Hazelwood West, Minnetonka, MN 55391 | Director | 0.25 | $0 |
| Elizabeth H Morsman 3305 Hazelwood West, Minnetonka, MN 55391 | Director | 0.25 | $0 |
| James C Morsman 3305 Hazelwood West, Minnetonka, MN 55391 | Director | 0.25 | $0 |
| Angela Peyton Morsman 3305 Hazelwood West, Minnetonka, MN 55391 | Director | 0.25 | $0 |
990-PF for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Amy S Morsman 3305 Hazelwood West, Minnetonka, MN 55391 | President/Treasurer | 0.25 | $0 |
| Jeffrey H Morsman 3305 Hazelwood West, Minnetonka, MN 55391 | VP/Secretary/Asst. Treasurer | 0.25 | $0 |
| Edgar M Morsman Jr 3305 Hazelwood West, Minnetonka, MN 55391 | Director | 0.25 | $0 |
| Elizabeth H Morsman 3305 Hazelwood West, Minnetonka, MN 55391 | Director | 0.25 | $0 |
| James C Morsman 3305 Hazelwood West, Minnetonka, MN 55391 | Director | 0.25 | $0 |
| Angela Peyton Morsman 3305 Hazelwood West, Minnetonka, MN 55391 | Director | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- 3305 HAZELWOOD W, WAYZATA, MN 55391-2555
- In care of
- % EDGAR M MORSMAN JR
- Signed the 990-PF
- Amy Morsman, President/Treasurer
- Phone
- (763) 442-7997
- Return prepared by
- Eide Bailly 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 | 990-PF 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
- 41-2008689
- 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)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $473,074
- Income (IRS master file)
- $146,735
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $36,984 | $49,897 | $473,074 | XML |
| 990-PF | December 2024 | $167,047 | $45,591 | $485,987 | XML |
| 990-PF | December 2023 | $67,396 | $46,814 | $364,531 | 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 41-2008689).
Questions about MORSMAN FAMILY FOUNDATION
- What is the EIN of MORSMAN FAMILY FOUNDATION?
- The employer identification number (EIN) of MORSMAN FAMILY FOUNDATION is 41-2008689.
- Is MORSMAN FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to MORSMAN FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MORSMAN FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MORSMAN FAMILY FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MORSMAN FAMILY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of MORSMAN FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does MORSMAN FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $36,984, expenses of $49,897 and total assets of $473,074 at year end.
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All nonprofits in WAYZATA · Minnesota · Philanthropy, voluntarism and grantmaking foundations