Nonprofit · EIN 41-6025661
J A WEDUM FOUNDATION
Tax-exempt · PLYMOUTH, MN 55447
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $36,522,852 | $29,099,535 | $7,423,317 | $168,962,411 | $70,592,535 | $98,369,876 |
| December 31, 2023 | 990-PF | $32,945,038 | $29,064,403 | $3,880,635 | $164,265,416 | $73,559,643 | $90,705,773 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Dividends
- $1,806,228
- Net rental income
- $75,832
- Net gain from sales of assets
- $2,933,655
- Other income
- $31,707,137
Expenses
- Grants and similar amounts paid
- $1,226,000
- Compensation of officers, directors and key employees
- $466,389
- Salaries, compensation and benefits (total)
- $219,672
- Disbursements for charitable purposes
- $1,776,476
- Excise tax on investment income
- $66,123
Balance sheet and other
- Total assets, start of year
- $164,265,416
- Total assets, end of year
- $168,962,411
- Total liabilities, end of year
- $70,592,535
- Net assets, end of year
- $98,369,876
- Fair market value of assets
- $181,515,333
- Qualifying distributions
- $7,325,072
- Net investment income
- $4,815,715
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 | Other / benefits |
|---|---|---|---|---|
| JAY PORTZ TWO CARLSON PARKWAY NORTH SUITE 335, PLYMOUTH, MN 55447 | PRESIDENT | 40 | $430,389 | $23,232 |
| KELLIE TESCH TWO CARLSON PARKWAY NORTH STE 335, PLYMOUTH, MN 55447 | ASSISTANT VP Highest-paid employee | 40 | $213,997 | $14,847 |
| BRIAN MYRES TWO CARLSON PARKWAY NORTH SUITE 335, PLYMOUTH, MN 55447 | CHAIR | 2 | $20,000 | $0 |
| DAVID KJOS TWO CARLSON PARKWAY NORTH SUITE 335, PLYMOUTH, MN 55447 | TREASURER | 1 | $2,000 | $0 |
| DANA WEDUM KENNELLY TWO CARLSON PARKWAY NORTH SUITE 335, PLYMOUTH, MN 55447 | TRUSTEE | 1 | $2,000 | $0 |
| DAWN DOWNS TWO CARLSON PARKWAY NORTH SUITE 335, PLYMOUTH, MN 55447 | TRUSTEE | 1 | $2,000 | $0 |
| DAYTON SOBY TWO CARLSON PARKWAY NORTH SUITE 335, PLYMOUTH, MN 55447 | SECRETARY | 1 | $2,000 | $0 |
| MICHELE KELM HELGEN TWO CARLSON PARKWAY NORTH SUITE 335, PLYMOUTH, MN 55447 | TRUSTEE | 1 | $2,000 | $0 |
| JON DAVIS TWO CARLSON PARKWAY NORTH SUITE 335, PLYMOUTH, MN 55447 | TRUSTEE | 1 | $2,000 | $0 |
| THOMAS WOESSNER TWO CARLSON PARKWAY NORTH SUITE 335, PLYMOUTH, MN 55447 | TRUSTEE | 1 | $2,000 | $0 |
| BOB KOVELL TWO CARLSON PARKWAY NORTH SUITE 335, PLYMOUTH, MN 55447 | TRUSTEE | 1 | $2,000 | $0 |
990-PF for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAY PORTZ TWO CARLSON PARKWAY NORTH SUITE 335, PLYMOUTH, MN 55447 | PRESIDENT | 40 | $426,969 | $20,494 |
| KELLIE TESCH TWO CARLSON PARKWAY NORTH STE 335, PLYMOUTH, MN 55447 | ASSISTANT VP Highest-paid employee | 40 | $200,372 | $10,905 |
| BRIAN MYRES TWO CARLSON PARKWAY NORTH SUITE 335, PLYMOUTH, MN 55447 | CHAIR | 2 | $19,250 | $0 |
| DAVID KJOS TWO CARLSON PARKWAY NORTH SUITE 335, PLYMOUTH, MN 55447 | TREASURER | 1 | $1,750 | $0 |
| DANA WEDUM KENNELLY TWO CARLSON PARKWAY NORTH SUITE 335, PLYMOUTH, MN 55447 | TRUSTEE | 1 | $1,750 | $0 |
| DAWN DOWNS TWO CARLSON PARKWAY NORTH SUITE 335, PLYMOUTH, MN 55447 | TRUSTEE | 1 | $1,750 | $0 |
| DAYTON SOBY TWO CARLSON PARKWAY NORTH SUITE 335, PLYMOUTH, MN 55447 | SECRETARY | 1 | $1,750 | $0 |
| MICHELE KELM HELGEN TWO CARLSON PARKWAY NORTH SUITE 335, PLYMOUTH, MN 55447 | TRUSTEE | 1 | $1,750 | $0 |
| JON DAVIS TWO CARLSON PARKWAY NORTH SUITE 335, PLYMOUTH, MN 55447 | TRUSTEE | 1 | $1,750 | $0 |
| THOMAS WOESSNER TWO CARLSON PARKWAY NORTH SUITE 335, PLYMOUTH, MN 55447 | TRUSTEE | 1 | $1,750 | $0 |
| BOB KOVELL TWO CARLSON PARKWAY NORTH SUITE 335, PLYMOUTH, MN 55447 | TRUSTEE | 1 | $1,750 | $0 |
Address and contacts
- Address (IRS master file)
- TWO CARLSON PARKWAY NORTH, PLYMOUTH, MN 55447-4466
- Signed the 990-PF
- JAY PORTZ, PRESIDENT
- Phone
- (612) 789-3363
- Website
- WWW.WEDUMFOUNDATION.ORG
- Return prepared by
- CLIFTONLARSONALLEN 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
- 41-6025661
- 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
- 1963
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $168,962,411
- Income (IRS master file)
- $79,634,997
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $36,522,852 | $29,099,535 | $168,962,411 | XML |
| 990-PF | December 2023 | $32,945,038 | $29,064,403 | $164,265,416 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | 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 41-6025661).
Questions about J A WEDUM FOUNDATION
- What is the EIN of J A WEDUM FOUNDATION?
- The employer identification number (EIN) of J A WEDUM FOUNDATION is 41-6025661.
- Is J A WEDUM FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1963.
- Are donations to J A WEDUM FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does J A WEDUM FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of J A WEDUM 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 J A WEDUM 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 J A WEDUM FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 11 people; 11 received compensation from the organization, the highest $430,389 (JAY PORTZ, PRESIDENT).
- How much revenue does J A WEDUM FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $36,522,852, expenses of $29,099,535 and total assets of $168,962,411 at year end.
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