Nonprofit · EIN 41-6038629
GANDRUD FOUNDATION
Tax-exempt · OWATONNA, MN 55060
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990-PF | $17,479 | $18,322 | -$843 | $297,668 | $0 | $297,668 |
| December 31, 2022 | 990-PF | $17,325 | $22,964 | -$5,639 | $298,511 | $0 | $298,511 |
Financial details: 990-PF for the year ended December 31, 2023
Revenue
- Dividends
- $12,565
- Interest
- $16
- Net gain from sales of assets
- $4,898
Expenses
- Grants and similar amounts paid
- $14,550
- Disbursements for charitable purposes
- $14,581
- Excise tax on investment income
- $191
Balance sheet and other
- Total assets, start of year
- $298,511
- Total assets, end of year
- $297,668
- Total liabilities, end of year
- $0
- Net assets, end of year
- $297,668
- Fair market value of assets
- $369,814
- Qualifying distributions
- $14,581
- Net investment income
- $17,479
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, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DALE GANDRUD 528 GANDRUD ROAD, OWATONNA, MN 55060 | Trustee | 0.1 | $0 |
| LINDA GANDRUD 528 GANDRUD ROAD, OWATONNA, MN 55060 | Trustee | 0.1 | $0 |
| MICHAEL GANDRUD 815 RICE LAKE ST BOX 528, OWATONNA, MN 55060 | President | 1 | $0 |
| JONATHAN GANDRUD 528 GANDRUD ROAD, OWATONNA, MN 55060 | Trustee | 0.1 | $0 |
990-PF for the year ended December 31, 2022: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DALE GANDRUD 528 GANDRUD ROAD, OWATONNA, MN 55060 | Trustee | 0.1 | $0 |
| LINDA GANDRUD 528 GANDRUD ROAD, OWATONNA, MN 55060 | Trustee | 0.1 | $0 |
| MICHAEL GANDRUD 815 RICE LAKE ST BOX 528, OWATONNA, MN 55060 | President | 1 | $0 |
| JONATHAN GANDRUD 528 GANDRUD ROAD, OWATONNA, MN 55060 | Trustee | 0.1 | $0 |
Address and contacts
- Address (IRS master file)
- 815 RICE LAKE ST BOX 528, OWATONNA, MN 55060-3274
- Signed the 990-PF
- MICHAEL GANDRUD, President
- Phone
- (507) 413-0927
- Return prepared by
- Johnson Doerhoefer & Miner PA
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 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 41-6038629
- 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
- 1954
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $297,668
- Income (IRS master file)
- $63,661
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2023 | $17,479 | $18,322 | $297,668 | IRS |
| 990-PF | December 2022 | $17,325 | $22,964 | $298,511 | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about GANDRUD FOUNDATION
- What is the EIN of GANDRUD FOUNDATION?
- The employer identification number (EIN) of GANDRUD FOUNDATION is 41-6038629.
- Is GANDRUD FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1954.
- Are donations to GANDRUD FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does GANDRUD FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of GANDRUD 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 GANDRUD FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2023.
- Who are the officers and directors of GANDRUD FOUNDATION?
- The 990-PF for the year ended December 31, 2023 lists 4 people; 0 received compensation from the organization.
- How much revenue does GANDRUD FOUNDATION have?
- On its 990-PF for the year ended December 31, 2023 it reported revenue of $17,479, expenses of $18,322 and total assets of $297,668 at year end.
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