Nonprofit · EIN 46-4703262
NEW ULM AREA FOUNDATION INC
Tax-exempt · NEW ULM, MN 56073
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $511,975 | $340,845 | $171,130 | $3,463,011 | $0 | $3,463,011 |
| December 31, 2023 | 990 | $315,039 | $261,238 | $53,801 | $3,109,821 | $0 | $3,109,821 |
| December 31, 2022 | 990 (amended) | $465,149 | $195,668 | $269,481 | $2,700,111 | $435 | $2,699,676 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $322,091
- Program service revenue
- $55
- Investment income
- $189,829
- Net gain from sales of assets
- $101,473
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $277,388
- Other salaries and wages
- $24,078
- Salaries, compensation and benefits (total)
- $30,097
- Professional fundraising fees
- $0
- Accounting fees
- $1,795
- Occupancy
- $1,665
- Program services (functional)
- $292,529
- Management and general (functional)
- $33,117
- Fundraising (functional)
- $15,199
Balance sheet and other
- Total assets, start of year
- $3,109,821
- Total assets, end of year
- $3,463,011
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,463,011
- Publicly traded securities
- $289,209
- Net assets without donor restrictions
- $3,463,011
- Gross receipts
- $511,975
- Employees
- 1
- Volunteers
- 14
- Year formed
- 2019
- State of legal domicile
- MN
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LISA BESEMER | DIRECTOR Trustee or director | 1 | $0 |
| CARISA BUEGLER | DIRECTOR Trustee or director | 1 | $0 |
| GENE CLARK | DIRECTOR Trustee or director | 1 | $0 |
| DUSTAN CROSS | DIRECTOR Trustee or director | 1 | $0 |
| SHARI FISCHER | DIRECTOR Trustee or director | 1 | $0 |
| SHANNON HILLESHEIM | VICE PRESIDE Trustee or director, Officer | 2 | $0 |
| ZACH JENSEN | DIRECTOR Trustee or director | 1 | $0 |
| MIKE LIEB | DIRECTOR Trustee or director | 1 | $0 |
| JENNA PETERSON | SECRETARY/TR Trustee or director, Officer | 2 | $0 |
| KATHY VAN ROEKEL | PRESIDENT/DI Trustee or director, Officer | 2 | $0 |
| COLLEEN SKILLINGS | DIRECTOR Trustee or director | 1 | $0 |
| BOB WEBB | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LISA BESEMER | DIRECTOR Trustee or director | 1 | $0 |
| CARISA BUEGLER | DIRECTOR Trustee or director | 1 | $0 |
| GENE CLARK | DIRECTOR Trustee or director | 1 | $0 |
| DUSTAN CROSS | DIRECTOR Trustee or director | 1 | $0 |
| SHARI FISCHER | DIRECTOR Trustee or director | 1 | $0 |
| MARK FURTH | DIRECTOR Trustee or director | 1 | $0 |
| SHANNON HILLESHEIM | VICE PRESIDE Trustee or director, Officer | 2 | $0 |
| ZACH JENSEN | DIRECTOR Trustee or director | 1 | $0 |
| MIKE LIEB | DIRECTOR Trustee or director | 1 | $0 |
| JENNA PETERSON | SECRETARY/TR Trustee or director, Officer | 2 | $0 |
| KATHY VAN ROEKEL | PRESIDENT Trustee or director, Officer | 2 | $0 |
| BOB WEBB | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2022: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LISA BESEMER | DIRECTOR Trustee or director | 1 | $0 |
| ERIC BODE | DIRECTOR Trustee or director | 1 | $0 |
| JEFF BRAEGELMANN | DIRECTOR Trustee or director | 1 | $0 |
| CARISA BUEGLER | DIRECTOR Trustee or director | 1 | $0 |
| GENE CLARK | DIRECTOR Trustee or director | 2 | $0 |
| SHARI FISCHER | DIRECTOR Trustee or director | 1 | $0 |
| MARK FURTH | DIRECTOR Trustee or director | 1 | $0 |
| SHANNON HILLESHEIM | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| JENNA PETERSON | SECRETARY/TR Trustee or director, Officer | 2 | $0 |
| KATHY VAN ROEKEL | PRESIDENT Trustee or director, Officer | 2 | $0 |
| LAURI STARK | DIRECTOR Trustee or director | 1 | $0 |
| BOB WEBB | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 201, NEW ULM, MN 56073-0201
- In care of
- % JOHN T ILLIKMAN
- Principal officer (990 for 2024)
- KATHY VAN ROEKEL
- Signed the 990
- JENNA PETERSON, SECRETARY/TREASURER
- Phone
- (507) 354-3337
- Website
- NEWULMAREAFOUNDATION.ORG
- Return prepared by
- CARLSONSV LLP
Mission
THE MISSION OF NEW ULM AREA FOUNDATION IS TO ADDRESS THE NEEDS OF THE COMMUNITY BY GROWING THE ENDOWMENTS FUNDS AND PROVIDING FINANCIAL GRANTS FROM THE EARNINGS OF THOSE FUNDS. THE FOUNDATION FOCUSES ITS GRANT FUNDING IN THE AREAS OF THE ARTS, EDUCATION, ECONOMIC DEVELOPMENT AND HISTORIC PRESERVATION.
Program accomplishments
- IN 2024, THE FOUNDATION AWARDED 26 DIFFERENT GRANTS TO 25 DIFFERENT NEW ULM AREA NON-PROFITS OR GOVERNMENTAL ENTITIES TO ASSIST IN PROJECTS IN THE AREAS OF EDUCATION, HISTORICAL PRESERVATION, ECONOMIC DEVELOPMENT AND THE ARTS. IN ADDITION, SCHOLARSHIP GRANTS WERE AWARDED TO EDUCATIONAL INSTITUTIONS FROM THE FOUNDATION TO BE AWARDED AS SCHOLARSHIPS TO 42 WORTHY AREA STUDENTS.Expenses $292,529 · grants $277,388 · revenue $55
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-4703262
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T31)
- Assets (IRS master file)
- $3,463,011
- Income (IRS master file)
- $511,975
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $511,975 | $340,845 | $3,463,011 | XML |
| 990 | December 2023 | $315,039 | $261,238 | $3,109,821 | XML |
| 990 | December 2022 | $465,149 | $195,668 | $2,700,111 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | 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 46-4703262).
Questions about NEW ULM AREA FOUNDATION INC
- What is the EIN of NEW ULM AREA FOUNDATION INC?
- The employer identification number (EIN) of NEW ULM AREA FOUNDATION INC is 46-4703262.
- Is NEW ULM AREA FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to NEW ULM AREA FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW ULM AREA FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEW ULM AREA FOUNDATION INC 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 NEW ULM AREA FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NEW ULM AREA FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names KATHY VAN ROEKEL.
- Who are the officers and directors of NEW ULM AREA FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
- How much revenue does NEW ULM AREA FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $511,975, expenses of $340,845 and total assets of $3,463,011 at year end.
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All nonprofits in NEW ULM · Minnesota · Philanthropy, voluntarism and grantmaking foundations