Nonprofit · EIN 41-6011518
TOZER FOUNDATION INC
Tax-exempt · LAKE ELMO, MN 55042
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| October 31, 2025 | 990-PF | $3,661,244 | $1,116,989 | $2,544,255 | $25,461,781 | $0 | $25,461,781 |
| October 31, 2024 | 990-PF | $1,917,556 | $1,200,954 | $716,602 | $22,957,480 | $0 | $22,957,480 |
| October 31, 2023 | 990-PF | $514,827 | $1,573,686 | -$1,058,859 | $22,236,753 | $0 | $22,236,753 |
Financial details: 990-PF for the year ended October 31, 2025
Revenue
- Dividends
- $768,496
- Net gain from sales of assets
- $2,892,363
- Other income
- $385
Expenses
- Grants and similar amounts paid
- $907,600
- Compensation of officers, directors and key employees
- $3,500
- Disbursements for charitable purposes
- $937,882
- Excise tax on investment income
- $48,986
Balance sheet and other
- Total assets, start of year
- $22,957,480
- Total assets, end of year
- $25,461,781
- Total liabilities, end of year
- $0
- Net assets, end of year
- $25,461,781
- Fair market value of assets
- $29,469,314
- Qualifying distributions
- $937,882
- Net investment income
- $3,661,244
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 October 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SANDRA WEAVER 12184 PARADE AVENUE N, STILLWATER, MN 55082 | DIRECTOR | 1 | $3,500 |
| TRACEY GALOWITZ 10390 39TH STREET NORTH, LAKE ELMO, MN 55042 | PRESIDENT | 1 | $0 |
| GRETCHEN M STEIN 30 DEER HILLS DRIVE, NORTH OAKS, MN 55127 | VICE PRESIDENT | 1 | $0 |
| DAVID WETTERGREN 30 DEER HILLS DRIVE, NORTH OAKS, MN 55127 | PAST PRESIDENT | 1 | $0 |
| CATHERINE JOHNSON 600 INWOOD AVE N STE 100, OAKDALE, MN 55128 | SECRETARY | 1 | $0 |
| DOUGLAS N SMITH 12815 OZARK TRAIL NORTH, STILLWATER, MN 55082 | TREASURER | 1 | $0 |
| ELIZABETH A RALEIGH 600 INWOOD AVE N STE 100, OAKDALE, MN 55128 | ASSISTANT TREASURER | 1 | $0 |
| JENNIFER ANDERSON 116 SCHOOL STREET E, STILLWATER, MN 55082 | DIRECTOR | 1 | $0 |
| SCOTT MERCER 1474 MONTEREY COURT, STILLWATER, MN 55082 | DIRECTOR | 1 | $0 |
990-PF for the year ended October 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TRACEY GALOWITZ 10390 39TH STREET NORTH, LAKE ELMO, MN 55042 | PRESIDENT | 1 | $5,000 |
| GRETCHEN M STEIN 30 DEER HILLS DRIVE, NORTH OAKS, MN 55127 | VICE PRESIDENT | 1 | $0 |
| DAVID WETTERGREN 30 DEER HILLS DRIVE, NORTH OAKS, MN 55127 | PAST PRESIDENT | 1 | $0 |
| CATHERINE BANG 600 INWOOD AVE N STE 100, OAKDALE, MN 55128 | SECRETARY | 1 | $0 |
| DOUGLAS N SMITH 12815 OZARK TRAIL NORTH, STILLWATER, MN 55082 | TREASURER | 1 | $0 |
| ELIZABETH A RALEIGH 600 INWOOD AVE N STE 100, OAKDALE, MN 55128 | ASSISTANT TREASURER | 1 | $0 |
| JENNIFER ANDERSON 116 SCHOOL STREET E, STILLWATER, MN 55082 | DIRECTOR | 1 | $0 |
| SCOTT MERCER 1474 MONTEREY COURT, STILLWATER, MN 55082 | DIRECTOR | 1 | $0 |
| SANDRA WEAVER 12184 PARADE AVENUE N, STILLWATER, MN 55082 | DIRECTOR | 1 | $0 |
990-PF for the year ended October 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TRACEY GALOWITZ 10390 39TH STREET NORTH, LAKE ELMO, MN 55042 | DIRECTOR | 1 | $3,500 |
| ALAN BERNICK 100 FOURTH AVE NORTH, BAY PORT, MN 550031096 | PRESIDENT | 1 | $0 |
| ELIZABETH A RALEIGH 600 INWOOD AVE N STE 100, OAKDALE, MN 55128 | SECRETARY AND TREASURER | 1 | $0 |
| SCOTT MERCER 15702 EMERALD DRIVE NORTH UNIT 7, HUGO, MN 55038 | DIRECTOR | 1 | $0 |
| DOUGLAS N SMITH 12815 OZARK TRAIL NORTH, STILLWATER, MN 55082 | DIRECTOR | 1 | $0 |
| GRETCHEN M STEIN 30 DEER HILLS DRIVE, NORTH OAKS, MN 55127 | DIRECTOR | 1 | $0 |
| JEANNE WALZ 39168 RIVERSIDE COURT, NORTH BRANCH, MN 55056 | DIRECTOR | 1 | $0 |
| DAVID WETTERGREN 30 DEER HILLS DRIVE, NORTH OAKS, MN 55127 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 11465 39TH ST N, LAKE ELMO, MN 55042-7525
- In care of
- % LAKE ELMO BANK
- Signed the 990-PF
- CATHERINE JOHNSON, SECRETARY
- Phone
- (651) 773-4420
- Website
- TOZERFOUNDATION.COM
- Return prepared by
- WIPFLI ADVISORY LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in October, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | October 31, 2026 | March 15, 2027 | Not due yet |
| 2024 | October 31, 2025 | March 16, 2026 | 990-PF on file |
| 2023 | October 31, 2024 | March 17, 2025 | 990-PF on file |
IRS record
- EIN
- 41-6011518
- 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
- 1947
- Accounting year ends
- October
- Files
- Form 990-PF
- Assets (IRS master file)
- $25,461,781
- Income (IRS master file)
- $46,261,843
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | October 2025 | $3,661,244 | $1,116,989 | $25,461,781 | XML |
| 990-PF | October 2024 | $1,917,556 | $1,200,954 | $22,957,480 | XML |
| 990-PF | October 2023 | $514,827 | $1,573,686 | $22,236,753 | XML |
| 990-PF | October 2022 | – | – | – | IRS |
| 990-PF | October 2021 | – | – | – | IRS |
| 990-PF | October 2020 | – | – | – | IRS |
| 990-PF | October 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 41-6011518).
Questions about TOZER FOUNDATION INC
- What is the EIN of TOZER FOUNDATION INC?
- The employer identification number (EIN) of TOZER FOUNDATION INC is 41-6011518.
- Is TOZER FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1947.
- Are donations to TOZER FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does TOZER FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of TOZER FOUNDATION INC due?
- The return for tax year 2025 (the year ending October 31, 2026) is due March 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TOZER FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended October 2025.
- Who are the officers and directors of TOZER FOUNDATION INC?
- The 990-PF for the year ended October 31, 2025 lists 9 people; 1 received compensation from the organization, the highest $3,500 (SANDRA WEAVER, DIRECTOR).
- How much revenue does TOZER FOUNDATION INC have?
- On its 990-PF for the year ended October 31, 2025 it reported revenue of $3,661,244, expenses of $1,116,989 and total assets of $25,461,781 at year end.
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