Nonprofit · EIN 41-6023537
GRACO FOUNDATION
Tax-exempt · MINNEAPOLIS, MN 55440
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $3,099,654 | $1,718,030 | $1,381,624 | $25,334,874 | $0 | $25,334,874 |
| December 31, 2024 | 990-PF | $877,515 | $1,670,751 | -$793,236 | $23,953,250 | $0 | $23,953,250 |
| December 31, 2023 | 990-PF | $6,357 | $1,820,999 | -$1,814,642 | $24,746,486 | $0 | $24,746,486 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $687,179
- Net gain from sales of assets
- $2,412,475
Expenses
- Grants and similar amounts paid
- $1,591,330
- Compensation of officers, directors and key employees
- $49,354
- Disbursements for charitable purposes
- $1,712,307
- Excise tax on investment income
- $43,027
Balance sheet and other
- Total assets, start of year
- $23,953,250
- Total assets, end of year
- $25,334,874
- Total liabilities, end of year
- $0
- Net assets, end of year
- $25,334,874
- Fair market value of assets
- $24,274,137
- Qualifying distributions
- $1,712,307
- Net investment income
- $3,099,654
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 |
|---|---|---|---|
| JANEL FRENCH PO BOX 1441, MINNEAPOLIS, MN 554401441 | TREASURER, SECRETARY & MANAGER | 6.7 | $49,354 |
| MARK SHEAHAN PO BOX 1441, MINNEAPOLIS, MN 554401441 | PRESIDENT | 0.5 | $0 |
| JOSEPH HUMKE PO BOX 1441, MINNEAPOLIS, MN 554401441 | VICE PRESIDENT | 0.4 | $0 |
| DIANE OLSON PO BOX 1441, MINNEAPOLIS, MN 554401441 | DIRECTOR | 0.4 | $0 |
| DAVID LOWE PO BOX 1441, MINNEAPOLIS, MN 554401441 | DIRECTOR | 0.4 | $0 |
| RONITA BANERJEE PO BOX 1441, MINNEAPOLIS, MN 554401441 | DIRECTOR | 0.4 | $0 |
| JOSEPH DANISKI PO BOX 1441, MINNEAPOLIS, MN 554401441 | DIRECTOR | 0.4 | $0 |
| JEFF WEBER PO BOX 1441, MINNEAPOLIS, MN 554401441 | DIRECTOR | 0.4 | $0 |
| DAWN SVENKESON-KOUBAL PO BOX 1441, MINNEAPOLIS, MN 554401441 | DIRECTOR | 0.4 | $0 |
990-PF for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK SHEAHAN PO BOX 1441, MINNEAPOLIS, MN 554401441 | PRESIDENT | 0.5 | $0 |
| JOSEPH HUMKE PO BOX 1441, MINNEAPOLIS, MN 554401441 | VICE PRESIDENT | 0.4 | $0 |
| JANEL W FRENCH PO BOX 1441, MINNEAPOLIS, MN 554401441 | TREASURER/ SECRETARY | 1.4 | $0 |
| DIANE OLSON PO BOX 1441, MINNEAPOLIS, MN 554401441 | DIRECTOR | 0.4 | $0 |
| DAVID LOWE PO BOX 1441, MINNEAPOLIS, MN 554401441 | DIRECTOR | 0.4 | $0 |
| RONITA BANERJEE PO BOX 1441, MINNEAPOLIS, MN 554401441 | DIRECTOR | 0.4 | $0 |
| JOSEPH DANISKI PO BOX 1441, MINNEAPOLIS, MN 554401441 | DIRECTOR | 0.4 | $0 |
| JEFF WEBER PO BOX 1441, MINNEAPOLIS, MN 554401441 | DIRECTOR | 0.4 | $0 |
| DAWN SVENKESON-KOUBAL PO BOX 1441, MINNEAPOLIS, MN 554401441 | DIRECTOR | 0.4 | $0 |
990-PF for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK SHEAHAN PO BOX 1441, MINNEAPOLIS, MN 554401441 | PRESIDENT | 0.3 | $0 |
| JOSEPH HUMKE PO BOX 1441, MINNEAPOLIS, MN 554401441 | VICE PRESIDENT | 0.2 | $0 |
| JANEL W FRENCH PO BOX 1441, MINNEAPOLIS, MN 554401441 | TREASURER/ SECRETARY | 2.9 | $0 |
| DIANE OLSON PO BOX 1441, MINNEAPOLIS, MN 554401441 | DIRECTOR | 0.4 | $0 |
| DAVID LOWE PO BOX 1441, MINNEAPOLIS, MN 554401441 | DIRECTOR | 0.4 | $0 |
| DAVID AHLERS PO BOX 1441, MINNEAPOLIS, MN 554401441 | DIRECTOR (END 04/01/2023) | 0.2 | $0 |
| RONITA BANERJEE PO BOX 1441, MINNEAPOLIS, MN 554401441 | DIRECTOR (START 07/21/2023) | 0.2 | $0 |
| JOSEPH DANISKI PO BOX 1441, MINNEAPOLIS, MN 554401441 | DIRECTOR | 0.4 | $0 |
| JEFF WEBER PO BOX 1441, MINNEAPOLIS, MN 554401441 | DIRECTOR | 0.4 | $0 |
| DAWN SVENKESON-KOUBAL PO BOX 1441, MINNEAPOLIS, MN 554401441 | DIRECTOR | 0.4 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1441, MINNEAPOLIS, MN 55440-1441
- Signed the 990-PF
- JANEL FRENCH, TREASURER
- Phone
- (612) 623-6729
- Return prepared by
- DELOITTE TAX 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
- 41-6023537
- 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
- 1958
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $25,334,874
- Income (IRS master file)
- $4,785,157
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $3,099,654 | $1,718,030 | $25,334,874 | IRS |
| 990-PF | December 2024 | $877,515 | $1,670,751 | $23,953,250 | IRS |
| 990-PF | December 2023 | $6,357 | $1,820,999 | $24,746,486 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2019 | – | – | – | 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 41-6023537).
Questions about GRACO FOUNDATION
- What is the EIN of GRACO FOUNDATION?
- The employer identification number (EIN) of GRACO FOUNDATION is 41-6023537.
- Is GRACO FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1958.
- Are donations to GRACO FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does GRACO FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of GRACO 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 GRACO 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 GRACO FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 9 people; 1 received compensation from the organization, the highest $49,354 (JANEL FRENCH, TREASURER, SECRETARY & MANAGER).
- How much revenue does GRACO FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $3,099,654, expenses of $1,718,030 and total assets of $25,334,874 at year end.
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