Nonprofit · EIN 46-1036605
PARSEN FOUNDATION
Tax-exempt · ELKHORN, NE 68022
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $568,164 | $92,500 | $475,664 | $1,639,321 | $12,834 | $1,626,487 |
| December 31, 2023 | 990-PF | $13,983 | $94,621 | -$80,638 | $1,114,733 | $10,890 | $1,103,843 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $500,000
- Dividends
- $38,983
- Interest
- $33,847
- Net gain from sales of assets
- -$4,666
Expenses
- Grants and similar amounts paid
- $44,000
- Compensation of officers, directors and key employees
- $41,647
- Disbursements for charitable purposes
- $44,000
- Excise tax on investment income
- $917
Balance sheet and other
- Total assets, start of year
- $1,114,733
- Total assets, end of year
- $1,639,321
- Total liabilities, end of year
- $12,834
- Net assets, end of year
- $1,626,487
- Fair market value of assets
- $1,589,353
- Qualifying distributions
- $44,000
- Net investment income
- $72,830
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 |
|---|---|---|---|
| KRISTIN LUNDGREN 20860 CORRAL RD, ELKHORN, NE 68022 | Treasurer | 10 | $12,453 |
| Andrew Lundgren 645 SHOREWOOD LANE, WATERLOO, NE 68069 | President | 10 | $10,828 |
| PARKER LUNDGREN 645 SHOREWOOD LANE, WATERLOO, NE 68069 | OFFICER | 10 | $9,183 |
| CARSEN LUNDGREN 14248 DICKENS STREET APT 222, SHERMAN OAKS, CA 914234161 | OFFICER | 10 | $9,183 |
| Mary Lundgren 470 MAXWELL PLAZA, Omaha, NE 68154 | Vice President | 0 | $0 |
990-PF for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Andrew Lundgren 645 SHOREWOOD LANE, WATERLOO, NE 68069 | President | 10 | $19,478 |
| KRISTIN LUNDGREN 20860 CORRAL RD, ELKHORN, NE 68022 | Treasurer | 10 | $11,077 |
| CARSEN LUNDGREN 14248 DICKENS STREET APT 222, SHERMAN OAKS, CA 914234161 | OFFICER | 10 | $9,287 |
| Mary Lundgren 9636 Oak Circle, Omaha, NE 68124 | Vice President | 0 | $0 |
| PARKER LUNDGREN 645 SHOREWOOD LANE, WATERLOO, NE 68069 | OFFICER | 0 | $0 |
| MIKE JONES 9290 WEST DODGE ROAD 303, OMAHA, NE 68124 | OFFICER | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 20860 CORRAL RD, ELKHORN, NE 68022-2106
- In care of
- % ANDREW D LUNDGREN
- Signed the 990-PF
- KRISTIN LUNDGREN, Treasurer
- Phone
- (402) 639-4000
- Return prepared by
- NOSAL PROFESSIONAL GROUP 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 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
- 46-1036605
- 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
- 2013
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T90)
- Assets (IRS master file)
- $1,639,321
- Income (IRS master file)
- $1,168,738
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $568,164 | $92,500 | $1,639,321 | IRS |
| 990-PF | December 2023 | $13,983 | $94,621 | $1,114,733 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | 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 46-1036605).
Questions about PARSEN FOUNDATION
- What is the EIN of PARSEN FOUNDATION?
- The employer identification number (EIN) of PARSEN FOUNDATION is 46-1036605.
- Is PARSEN FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to PARSEN FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does PARSEN FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of PARSEN 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 PARSEN 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 PARSEN FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 5 people; 4 received compensation from the organization, the highest $12,453 (KRISTIN LUNDGREN, Treasurer).
- How much revenue does PARSEN FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $568,164, expenses of $92,500 and total assets of $1,639,321 at year end.
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All nonprofits in ELKHORN · Nebraska · Philanthropy, voluntarism and grantmaking foundations