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Nonprofit · EIN 42-1519192

CFT FOUNDATION

Tax-exempt · MASON CITY, IA 50401

Financials

$385K$267K2023$3.1M$109K2024$232K$749K2025
Revenue Expenses · by fiscal year end
Financials of CFT FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$231,681$749,100-$517,419$6,826,121$0$6,826,121
December 31, 2024990-PF$3,051,093$108,580$2,942,513$7,343,540$0$7,343,540
December 31, 2023990-PF$384,650$267,055$117,595$4,401,026$0$4,401,027
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Dividends
$35,708
Interest
$189
Net gain from sales of assets
$195,784

Expenses

Grants and similar amounts paid
$600,225
Disbursements for charitable purposes
$600,225
Excise tax on investment income
$2,440

Balance sheet and other

Total assets, start of year
$7,343,540
Total assets, end of year
$6,826,121
Total liabilities, end of year
$0
Net assets, end of year
$6,826,121
Fair market value of assets
$8,660,568
Qualifying distributions
$600,225
Net investment income
$231,681

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.

NameTitleHours / weekCompensation
JILL C THORESON
5 ARROWWOOD DR, 5 ARROWWOOD DR, MASON CITY, IA 50401
PRESIDENT0$0
JOSEPH D THORESON
5 ARROWWOOD DR, 5 ARROWWOOD DR, MASON CITY, IA 50401
VICE PRESIDE0$0
ERIKA TRISTAN
12135 BEAUREGARD DR, HOUSTON, TX 77024
SECRETARY0$0
KIRK THORESON
2800 NORTH MILWAUKEE STREET, DENVER, CO 80210
TREASURER0$0
990-PF for the year ended December 31, 2024: 4 people
NameTitleHours / weekCompensation
JILL C THORESON
5 ARROWWOOD DR, 5 ARROWWOOD DR, MASON CITY, IA 50401
PRESIDENT0$0
JOSEPH D THORESON
5 ARROWWOOD DR, 5 ARROWWOOD DR, MASON CITY, IA 50401
VICE PRESIDE0$0
ERIKA TRISTAN
12135 BEAUREGARD DR, HOUSTON, TX 77024
SECRETARY0$0
KIRK THORESON
2800 NORTH MILWAUKEE STREET, DENVER, CO 80210
TREASURER0$0
990-PF for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
JILL C THORESON
5 ARROWWOOD DR, 5 ARROWWOOD DR, MASON CITY, IA 50401
PRESIDENT0$0
JOSEPH D THORESON
5 ARROWWOOD DR, 5 ARROWWOOD DR, MASON CITY, IA 50401
VICE PRESIDE0$0
ERIKA TRISTAN
12135 BEAUREGARD DR, HOUSTON, TX 77024
SECRETARY0$0
KIRK THORESON
2800 NORTH MILWAUKEE STREET, DENVER, CO 80210
TREASURER0$0

Address and contacts

Address (IRS master file)
5 ARROWWOOD, MASON CITY, IA 50401-2524
In care of
% GERALD M STAMBAUGH
Signed the 990-PF
JOSEPH D THORESON, VICE PRESIDENT
Phone
(641) 424-3238
Return prepared by
HOGAN - HANSEN PC

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
42-1519192
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
2001
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$6,826,121
Income (IRS master file)
$3,728,171

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$231,681$749,100$6,826,121XML
990-PFDecember 2024$3,051,093$108,580$7,343,540XML
990-PFDecember 2023$384,650$267,055$4,401,026XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 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 42-1519192).

Questions about CFT FOUNDATION

What is the EIN of CFT FOUNDATION?
The employer identification number (EIN) of CFT FOUNDATION is 42-1519192.
Is CFT FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
Are donations to CFT FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does CFT FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of CFT 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 CFT 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 CFT FOUNDATION?
The 990-PF for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
How much revenue does CFT FOUNDATION have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $231,681, expenses of $749,100 and total assets of $6,826,121 at year end.

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