Nonprofit · EIN 52-2107093
ERIC D AND STEVEN D HOVDE FOUNDATION
Also known as HOVDE ERIC D TTEE
Tax-exempt · MADISON, WI 53703
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $2,684,766 | $2,472,562 | $212,204 | $7,193,452 | $517,470 | $6,675,982 |
| December 31, 2024 | 990-PF | $481,652 | $2,029,179 | -$1,547,527 | $6,872,728 | $60,928 | $6,811,800 |
| December 31, 2023 | 990-PF | $207,213 | $2,587,625 | -$2,380,412 | $9,171,095 | $256,934 | $8,914,161 |
| December 31, 2022 | 990-PF (amended) | $1,949,533 | $2,415,822 | -$466,289 | $11,112,638 | $20,786 | $11,091,852 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $2,200,000
- Dividends
- $51,786
- Interest
- $105,538
- Net gain from sales of assets
- $327,241
- Other income
- $201
Expenses
- Grants and similar amounts paid
- $1,932,001
- Compensation of officers, directors and key employees
- $111,657
- Salaries, compensation and benefits (total)
- $16,305
- Disbursements for charitable purposes
- $1,750,521
- Excise tax on investment income
- $4,457
Balance sheet and other
- Total assets, start of year
- $6,872,728
- Total assets, end of year
- $7,193,452
- Total liabilities, end of year
- $517,470
- Net assets, end of year
- $6,675,982
- Fair market value of assets
- $8,120,874
- Qualifying distributions
- $1,750,521
- Net investment income
- $484,766
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 | Other / benefits |
|---|---|---|---|---|
| NICOLE BICE 122 WEST WASHINGTON AVE SUITE 350, MADISON, WI 53703 | EXECUTIVE DIRECTOR | 40 | $111,657 | $5,583 |
| ERIC D HOVDE 122 WEST WASHINGTON AVE SUITE 350, MADISON, WI 53703 | TRUSTEE | 2 | $0 | $0 |
| STEVEN D HOVDE 122 WEST WASHINGTON AVE SUITE 350, MADISON, WI 53703 | TRUSTEE | 1 | $0 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NICOLE BICE 122 WEST WASHINGTON AVE SUITE 350, MADISON, WI 53703 | EXECUTIVE DIRECTOR | 40 | $140,022 | $7,441 |
| ERIC D HOVDE 122 WEST WASHINGTON AVE SUITE 350, MADISON, WI 53703 | TRUSTEE | 2 | $0 | $0 |
| STEVEN D HOVDE 122 WEST WASHINGTON AVE SUITE 350, MADISON, WI 53703 | TRUSTEE | 1 | $0 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Nicole Bice 122 West Washington Ave Suite 350, Madison, WI 53703 | Executive Director | 40 | $149,430 | $19,139 |
| Eric D Hovde 122 West Washington Ave Suite 350, Madison, WI 53703 | Trustee | 2 | $0 | $0 |
| Steven D Hovde 122 West Washington Ave Suite 350, Madison, WI 53703 | Trustee | 1 | $0 | $0 |
990-PF for the year ended December 31, 2022: 3 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Nicole Bice 122 West Washington Ave Suite 350, Madison, WI 53703 | Executive Director | 40 | $138,232 | $7,918 |
| Eric D Hovde 122 West Washington Ave Suite 350, Madison, WI 53703 | Trustee | 2 | $0 | $0 |
| Steven D Hovde 122 West Washington Ave Suite 350, Madison, WI 53703 | Trustee | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 122 W WASHINGTON AVE STE 350, MADISON, WI 53703-2758
- Signed the 990-PF
- ERIC HOVDE, TRUSTEE
- Phone
- (608) 255-5175
- Website
- WWW.HOVDEFOUNDATION.ORG
- Return prepared by
- MEICHER CPAS LLP
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
- 52-2107093
- 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
- 1999
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $7,193,452
- Income (IRS master file)
- $5,793,925
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $2,684,766 | $2,472,562 | $7,193,452 | XML |
| 990-PF | December 2024 | $481,652 | $2,029,179 | $6,872,728 | XML |
| 990-PF | December 2023 | $207,213 | $2,587,625 | $9,171,095 | XML |
| 990-PF | December 2022 | $1,949,533 | $2,415,822 | $11,112,638 | XML |
| 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 52-2107093).
Questions about ERIC D AND STEVEN D HOVDE FOUNDATION
- What is the EIN of ERIC D AND STEVEN D HOVDE FOUNDATION?
- The employer identification number (EIN) of ERIC D AND STEVEN D HOVDE FOUNDATION is 52-2107093.
- Is ERIC D AND STEVEN D HOVDE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to ERIC D AND STEVEN D HOVDE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does ERIC D AND STEVEN D HOVDE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of ERIC D AND STEVEN D HOVDE 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 ERIC D AND STEVEN D HOVDE 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 ERIC D AND STEVEN D HOVDE FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 1 received compensation from the organization, the highest $111,657 (NICOLE BICE, EXECUTIVE DIRECTOR).
- How much revenue does ERIC D AND STEVEN D HOVDE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $2,684,766, expenses of $2,472,562 and total assets of $7,193,452 at year end.
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