Nonprofit · EIN 41-6044416
CAROLYN FOUNDATION
Tax-exempt · MINNEAPOLIS, MN 55401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $3,882,715 | $2,676,671 | $1,206,044 | $33,379,915 | $23,504 | $33,356,411 |
| December 31, 2023 | 990-PF | $1,972,937 | $4,337,024 | -$2,364,087 | $32,152,187 | $1,820 | $32,150,367 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $932,458
- Net gain from sales of assets
- $2,950,257
Expenses
- Grants and similar amounts paid
- $1,999,835
- Compensation of officers, directors and key employees
- $215,324
- Salaries, compensation and benefits (total)
- $95,800
- Disbursements for charitable purposes
- $2,537,498
- Excise tax on investment income
- $52,591
Balance sheet and other
- Total assets, start of year
- $32,152,187
- Total assets, end of year
- $33,379,915
- Total liabilities, end of year
- $23,504
- Net assets, end of year
- $33,356,411
- Fair market value of assets
- $48,832,441
- Qualifying distributions
- $2,537,498
- Net investment income
- $3,882,715
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 |
|---|---|---|---|---|
| REBECCA ERDAHL 729 N WASHINGTON AVE 600, MINNEAPOLIS, MN 55401 | SEC/EX DIRECTOR | 40 | $311,124 | $41,606 |
| GENEVIEVE FINSETH 729 N WASHINGTON AVE 600, MINNEAPOLIS, MN 55401 | OPS & PGM MANGER Highest-paid employee | 32 | $95,800 | $20,232 |
| SOPHIE LaROCQUE 729 N WASHINGTON AVE 600, MINNEAPOLIS, MN 55401 | CHAIR | 1 | $0 | $0 |
| CHARLIE DOBSON 729 N WASHINGTON AVE 600, MINNEAPOLIS, MN 55401 | VICE CHAIR | 1 | $0 | $0 |
| NELL SMITH 729 N WASHINGTON AVE 600, MINNEAPOLIS, MN 55401 | TREASURER | 1 | $0 | $0 |
| CLAREN COPP LaROCQUE 729 N WASHINGTON AVE 600, MINNEAPOLIS, MN 55401 | TRUSTEE | 1 | $0 | $0 |
| ALEXANDER CROSBY 729 N WASHINGTON AVE 600, MINNEAPOLIS, MN 55401 | TRUSTEE | 1 | $0 | $0 |
| STEWART CROSBY 729 N WASHINGTON AVE 600, MINNEAPOLIS, MN 55401 | TRUSTEE | 1 | $0 | $0 |
| TIM CROSBY 729 N WASHINGTON AVE 600, MINNEAPOLIS, MN 55401 | TRUSTEE | 1 | $0 | $0 |
| NED GRAHAM 729 N WASHINGTON AVE 600, MINNEAPOLIS, MN 55401 | TRUSTEE | 1 | $0 | $0 |
| JACK JOLLIFFE 729 N WASHINGTON AVE 600, MINNEAPOLIS, MN 55401 | TRUSTEE | 1 | $0 | $0 |
| OLIVIA JOLLIFFE 729 N WASHINGTON AVE 600, MINNEAPOLIS, MN 55401 | TRUSTEE | 1 | $0 | $0 |
| BROOKE REED 729 N WASHINGTON AVE 600, MINNEAPOLIS, MN 55401 | TRUSTEE | 1 | $0 | $0 |
| CHRIS SMITH 729 N WASHINGTON AVE 600, MINNEAPOLIS, MN 55401 | TRUSTEE | 1 | $0 | $0 |
| JENNIFER PHELPS 729 N WASHINGTON AVE 600, MINNEAPOLIS, MN 55401 | TRUSTEE | 1 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GUIDO CALABRESI 729 N WASHINGTON AVE 600, MINNEAPOLIS, MN 55401 | EMERITUS TRUSTEE | 0 | $0 |
990-PF for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| REBECCA ERDAHL 729 N WASHINGTON AVE 600, MINNEAPOLIS, MN 55401 | SEC/EX DIRECTOR | 40 | $211,117 | $20,306 |
| GENEVIEVE FINSETH 729 N WASHINGTON AVE 600, MINNEAPOLIS, MN 55401 | OPS & PGM MANGER Highest-paid employee | 32 | $80,000 | $18,600 |
| SOPHIE LaROCQUE 729 N WASHINGTON AVE 600, MINNEAPOLIS, MN 55401 | CHAIR | 1 | $0 | $0 |
| CLARK CARLTON 729 N WASHINGTON AVE 600, MINNEAPOLIS, MN 55401 | VICE CHAIR | 1 | $0 | $0 |
| NELL SMITH 729 N WASHINGTON AVE 600, MINNEAPOLIS, MN 55401 | TREASURER | 1 | $0 | $0 |
| CLAREN COPP LaROCQUE 729 N WASHINGTON AVE 600, MINNEAPOLIS, MN 55401 | TRUSTEE | 1 | $0 | $0 |
| ALEXANDER CROSBY 729 N WASHINGTON AVE 600, MINNEAPOLIS, MN 55401 | TRUSTEE | 1 | $0 | $0 |
| STEWART CROSBY 729 N WASHINGTON AVE 600, MINNEAPOLIS, MN 55401 | TRUSTEE | 1 | $0 | $0 |
| TIM CROSBY 729 N WASHINGTON AVE 600, MINNEAPOLIS, MN 55401 | TRUSTEE | 1 | $0 | $0 |
| EDMUND C GRAHAM III 729 N WASHINGTON AVE 600, MINNEAPOLIS, MN 55401 | TRUSTEE | 1 | $0 | $0 |
| JOHN JOLLIFFE 729 N WASHINGTON AVE 600, MINNEAPOLIS, MN 55401 | TRUSTEE | 1 | $0 | $0 |
| ANNE CALABRESI 729 N WASHINGTON AVE 600, MINNEAPOLIS, MN 55401 | TRUSTEE | 1 | $0 | $0 |
| BROOKE REED 729 N WASHINGTON AVE 600, MINNEAPOLIS, MN 55401 | TRUSTEE | 1 | $0 | $0 |
| CHRIS SMITH 729 N WASHINGTON AVE 600, MINNEAPOLIS, MN 55401 | TRUSTEE | 1 | $0 | $0 |
| JENNIFER PHELPS 729 N WASHINGTON AVE 600, MINNEAPOLIS, MN 55401 | TRUSTEE | 1 | $0 | $0 |
| GUIDO CALABRESI 729 N WASHINGTON AVE 600, MINNEAPOLIS, MN 55401 | EMERITUS TRUSTEE | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 729 WASHINGTON AVE N STE 600, MINNEAPOLIS, MN 55401-1118
- Signed the 990-PF
- REBECCA ERDAHL, EXECUTIVE DIRECTOR
- Phone
- (612) 596-3266
- Website
- CAROLYNFOUNDATION.ORG
- Return prepared by
- Landon C Scott PLLC
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 | Check at the IRS |
| 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
- 41-6044416
- 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
- 1965
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $35,907,779
- Income (IRS master file)
- $13,565,963
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $3,882,715 | $2,676,671 | $33,379,915 | XML |
| 990-PF | December 2023 | $1,972,937 | $4,337,024 | $32,152,187 | 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 41-6044416).
Questions about CAROLYN FOUNDATION
- What is the EIN of CAROLYN FOUNDATION?
- The employer identification number (EIN) of CAROLYN FOUNDATION is 41-6044416.
- Is CAROLYN FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1965.
- Are donations to CAROLYN FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CAROLYN FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CAROLYN 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 CAROLYN 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 CAROLYN FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 16 people; 2 received compensation from the organization, the highest $311,124 (REBECCA ERDAHL, SEC/EX DIRECTOR).
- How much revenue does CAROLYN FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $3,882,715, expenses of $2,676,671 and total assets of $33,379,915 at year end.
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