Nonprofit · EIN 41-6020920
FRED C AND KATHERINE B ANDERSEN FOUNDATION
Tax-exempt · BAYPORT, MN 55003
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $80,720,890 | $76,054,378 | $4,666,512 | $1,716,504,347 | $0 | $1,716,504,347 |
| December 31, 2024 | 990-PF | $71,234,857 | $62,298,755 | $8,936,102 | $1,673,338,615 | $0 | $1,673,338,615 |
| December 31, 2023 | 990-PF | $54,405,407 | $54,327,950 | $77,457 | $1,470,022,817 | $0 | $1,470,022,817 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Dividends
- $39,629,174
- Interest
- $3,442,777
- Net gain from sales of assets
- $37,648,939
Expenses
- Grants and similar amounts paid
- $72,515,525
- Compensation of officers, directors and key employees
- $322,135
- Salaries, compensation and benefits (total)
- $233,686
- Disbursements for charitable purposes
- $73,888,337
- Excise tax on investment income
- $1,107,967
Balance sheet and other
- Total assets, start of year
- $1,673,338,615
- Total assets, end of year
- $1,716,504,347
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,716,504,347
- Fair market value of assets
- $1,716,504,347
- Qualifying distributions
- $73,888,337
- Net investment income
- $80,720,890
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 | Other / benefits |
|---|---|---|---|---|
| Kim Borton PO Box 80, Bayport, MN 550031069 | President | 40 | $322,135 | $41,442 |
| Jess Laumeyer PO Box 80, Bayport, MN 55003 | Director of Admin Highest-paid employee | 40 | $116,654 | $8,846 |
| Alyson Sauter PO Box 80, Bayport, MN 55003 | Program Officer Highest-paid employee | 40 | $70,789 | $5,481 |
| Jack D PIEPEL PO Box 80, Bayport, MN 550031069 | (Term 11/2025) DIRECTOR | 1 | $0 | $0 |
| KEITH OLSON PO Box 80, Bayport, MN 550031069 | Vice Chair | 1 | $0 | $0 |
| PETER CLEMENTS PO Box 80, Bayport, MN 550031069 | BOARD CHAIR | 1 | $0 | $0 |
| TRACEY GALOWITZ PO Box 80, Bayport, MN 550031069 | SECRETARY | 1 | $0 | $0 |
| VERN J HILL PO Box 80, Bayport, MN 550031069 | DIRECTOR | 1 | $0 | $0 |
| Jay Lund PO Box 80, Bayport, MN 550031069 | (BEG 5/2025) DIRECTOR | 1 | $0 | $0 |
| Jennifer Anderson PO Box 80, Bayport, MN 550031069 | (BEG 5/2025) DIRECTOR | 1 | $0 | $0 |
990-PF for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kim Borton PO Box 80, Bayport, MN 550031069 | President | 40 | $185,221 |
| MARY GILSTROM PO Box 80, Bayport, MN 550031069 | SECRETARY (END 7/2024) | 40 | $62,260 |
| JOHN D PIEPEL PO Box 80, Bayport, MN 550031069 | DIRECTOR | 1 | $0 |
| PETER CLEMENTS PO Box 80, Bayport, MN 550031069 | BOARD CHAIR | 1 | $0 |
| DAVID M ERSPAMER PO Box 80, Bayport, MN 550031069 | DIRECTOR (end 12/2024) | 1 | $0 |
| VERN J HILL PO Box 80, Bayport, MN 550031069 | DIRECTOR | 1 | $0 |
| TRACEY GALOWITZ PO Box 80, Bayport, MN 550031069 | SECRETARY (beg 8/2024) | 1 | $0 |
| KEITH OLSON PO Box 80, Bayport, MN 550031069 | Vice Chair | 1 | $0 |
990-PF for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARY GILLSTROM PO BOX 80, BAYPORT, MN 55003 | VP and Secretary | 40 | $97,294 |
| JOHN D PIEPEL PO BOX 80, BAYPORT, MN 55003 | DIRECTOR | 1 | $0 |
| PETER CLEMENTS PO BOX 80, BAYPORT, MN 55003 | PRESIDENT | 1 | $0 |
| DAVID M ERSPAMER PO BOX 80, BAYPORT, MN 55003 | DIRECTOR | 1 | $0 |
| VERN J HILL PO BOX 80, BAYPORT, MN 55003 | DIRECTOR | 1 | $0 |
| TRACY GALOWITZ PO BOX 80, BAYPORT, MN 55003 | DIRECTOR | 1 | $0 |
| KEITH OLSON PO BOX 80, BAYPORT, MN 55003 | VP and Treasurer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 80, BAYPORT, MN 55003-0080
- Signed the 990-PF
- Kim Borton, President
- Phone
- (651) 264-7355
- Website
- fkandersen.org
- 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 | 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
- 41-6020920
- 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
- 1961
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $1,716,504,347
- Income (IRS master file)
- $122,254,266
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $80,720,890 | $76,054,378 | $1,716,504,347 | IRS |
| 990-PF | December 2024 | $71,234,857 | $62,298,755 | $1,673,338,615 | XML |
| 990-PF | December 2023 | $54,405,407 | $54,327,950 | $1,470,022,817 | 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 41-6020920).
Questions about FRED C AND KATHERINE B ANDERSEN FOUNDATION
- What is the EIN of FRED C AND KATHERINE B ANDERSEN FOUNDATION?
- The employer identification number (EIN) of FRED C AND KATHERINE B ANDERSEN FOUNDATION is 41-6020920.
- Is FRED C AND KATHERINE B ANDERSEN FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1961.
- Are donations to FRED C AND KATHERINE B ANDERSEN FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does FRED C AND KATHERINE B ANDERSEN FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of FRED C AND KATHERINE B ANDERSEN 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 FRED C AND KATHERINE B ANDERSEN 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 FRED C AND KATHERINE B ANDERSEN FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 10 people; 3 received compensation from the organization, the highest $322,135 (Kim Borton, President).
- How much revenue does FRED C AND KATHERINE B ANDERSEN FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $80,720,890, expenses of $76,054,378 and total assets of $1,716,504,347 at year end.
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