Nonprofit · EIN 46-2805862
GLENWOOD DEVELOPMENT FOUNDATION
Tax-exempt (reinstated) · GLENWOOD, MN 56334
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $6,037 | $4,621 | $1,416 | $231,813 | $250,353 | -$18,540 |
| December 31, 2024 | 990-PF | $5,331 | $1,028 | $4,303 | $230,397 | $0 | $230,397 |
| December 31, 2023 | 990-PF | $1,169 | $1,042 | $127 | $225,450 | $0 | $225,450 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Interest
- $5,972
- Other income
- $65
Expenses
- Grants and similar amounts paid
- $0
- Excise tax on investment income
- $84
Balance sheet and other
- Total assets, start of year
- $230,397
- Total assets, end of year
- $231,813
- Total liabilities, end of year
- $250,353
- Net assets, end of year
- -$18,540
- Net investment income
- $6,037
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRENT COCHRAN 16 1ST AVE SE, GLENWOOD, MN 56334 | PRESIDENT | 0 | $0 |
990-PF for the year ended December 31, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRENT COCHRAN 16 1ST AVE SE, GLENWOOD, MN 56334 | PRESIDENT | 0 | $0 |
990-PF for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN STONE 16 1ST AVE SE, GLENWOOD, MN 56334 | PRESIDENT | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 137 E MINNESOTA AVE, GLENWOOD, MN 56334-1627
- Signed the 990-PF
- BRENT COCHRAN, PRESIDENT
- Phone
- (320) 634-3674
- Return prepared by
- WANGSNESS OGDAHL & ASSOCIATES
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 | 990-PF 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
- 46-2805862
- 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
- 2018
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $231,813
- Income (IRS master file)
- $6,037
Revocation and reinstatement
- Exemption revoked
- May 15, 2016
- Posted by the IRS
- October 10, 2016
- Reinstated
- Effective May 15, 2016
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $6,037 | $4,621 | $231,813 | IRS |
| 990-PF | December 2024 | $5,331 | $1,028 | $230,397 | XML |
| 990-PF | December 2023 | $1,169 | $1,042 | $225,450 | 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 46-2805862).
Questions about GLENWOOD DEVELOPMENT FOUNDATION
- What is the EIN of GLENWOOD DEVELOPMENT FOUNDATION?
- The employer identification number (EIN) of GLENWOOD DEVELOPMENT FOUNDATION is 46-2805862.
- Is GLENWOOD DEVELOPMENT FOUNDATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2016 and reinstated it effective May 15, 2016.
- Are donations to GLENWOOD DEVELOPMENT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does GLENWOOD DEVELOPMENT FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of GLENWOOD DEVELOPMENT 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 GLENWOOD DEVELOPMENT 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 GLENWOOD DEVELOPMENT FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 1 person; 0 received compensation from the organization.
- How much revenue does GLENWOOD DEVELOPMENT FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $6,037, expenses of $4,621 and total assets of $231,813 at year end.
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All nonprofits in GLENWOOD · Minnesota · Community improvement and capacity building