Nonprofit · EIN 58-2671449
AUSTIN AREA FOUNDATION
Tax-exempt · AUSTIN, MN 55912
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $940,993 | $479,732 | $461,261 | $4,042,463 | $0 | $4,042,463 |
| December 31, 2023 | 990 | $459,905 | $305,843 | $154,062 | $3,347,359 | $0 | $3,347,359 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $428,540
- Program service revenue
- $0
- Investment income
- $484,247
- Net gain from sales of assets
- $281,436
- Net income from fundraising events
- $28,206
- Other revenue
- $28,206
Expenses
- Grants and similar amounts paid
- $390,824
- Compensation of officers, directors and key employees
- $57,665
- Salaries, compensation and benefits (total)
- $57,665
- Professional fundraising fees
- $0
- Program services (functional)
- $470,869
- Management and general (functional)
- $8,863
Balance sheet and other
- Total assets, start of year
- $3,347,359
- Total assets, end of year
- $4,042,463
- Total liabilities, end of year
- $0
- Net assets, end of year
- $4,042,463
- Publicly traded securities
- $3,821,915
- Net assets without donor restrictions
- $574,743
- Net assets with donor restrictions
- $3,467,720
- Gross receipts
- $948,784
- Employees
- 1
- Volunteers
- 16
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 |
|---|---|---|---|
| STEPHEN BARRETT | EXECUTIVE DIR. Officer | 40 | $57,665 |
| EMILY TOLAND | PRESIDENT Trustee or director, Officer | 2 | $0 |
| CATHERINE HASLAG | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| PEGGY BENZKOFER | SECRETARY Trustee or director, Officer | 2 | $0 |
| ISAAC GORMAN | TREASURER Trustee or director, Officer | 2 | $0 |
| FRED BOGOTT | TRUSTEE Trustee or director | 1 | $0 |
| GAIL DENNISON | TRUSTEE Trustee or director | 1 | $0 |
| AMANDA GUNDERSON | TRUSTEE Trustee or director | 1 | $0 |
| DAVID HAGEN | TRUSTEE Trustee or director | 1 | $0 |
| JOAN HANSON | Trustee Trustee or director | 1 | $0 |
| PIERRE LILLY | TRUSTEE Trustee or director | 1 | $0 |
| TAGGERT MEDGAARDEN | PAST-CHAIR Trustee or director | 1 | $0 |
| OBALLA OBALLA | TRUSTEE Trustee or director | 1 | $0 |
| JEANNE POPPE | TRUSTEE Trustee or director | 1 | $0 |
| BRIAN SCHULZ | TRUSTEE Trustee or director | 1 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TOM WUERTZ | TRUSTEE Trustee or director | 1 | $0 |
| RICK YOUNG | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEPHEN BARRETT | EXECUTIVE DIR. Officer | 40 | $51,935 |
| TAGGERT MEDGAARDEN | PRESIDENT Trustee or director, Officer | 2 | $0 |
| DARRELL INGVALDSON | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| PEGGY BENZKOFER | SECRETARY Trustee or director, Officer | 2 | $0 |
| RON WALTH | TREASURER Trustee or director, Officer | 2 | $0 |
| DAVID HAGEN | TRUSTEE Trustee or director | 1 | $0 |
| FRED BOGOTT | TRUSTEE Trustee or director | 1 | $0 |
| GAIL DENISON | TRUSTEE Trustee or director | 1 | $0 |
| ISAAC GORMAN | TRUSTEE Trustee or director | 1 | $0 |
| CATHERINE HASLAG | TRUSTEE Trustee or director | 1 | $0 |
| RICK YOUNG | VICE PRESIDENT Trustee or director | 1 | $0 |
| PIERRE LILLY | TRUSTEE Trustee or director | 1 | $0 |
| MARY HUNTLEY | TRUSTEE Trustee or director | 1 | $0 |
| OBALLA OBALLA | TRUSTEE Trustee or director | 1 | $0 |
| JEANNE POPPE | TRUSTEE Trustee or director | 1 | $0 |
| EMILY TOLAND | TRUSTEE Trustee or director | 1 | $0 |
| MIKE TAPP | TRUSTEE Trustee or director | 1 | $0 |
| MARY ANNE WOLESKY | TRUSTEE Trustee or director | 1 | $0 |
| TOM WUERTZ | TRUSTEE Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 6, AUSTIN, MN 55912-0017
- In care of
- % MICHEAL RUZEK
- Signed the 990
- STEPHEN BARRETT, EXECUTIVE DIR.
- Phone
- (507) 434-7494
- Website
- WWW.AUSTINAREAFOUNDATION.ORG
- Return prepared by
- Accurant LLC
Mission
SUPPORT NONPROFIT ORGANIZATIONS BY MANAGING & DISTRIBUTING CHARITABLE GIFTS
Program accomplishments
- MAINTAIN AND ENHANCE RESOURCES OF THE AUSTIN AREA BY SUPPORTING QUALIFIED NONPROFITORGANIZATIONSExpenses $470,869 · grants $390,824
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
- 58-2671449
- 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
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T31)
- Assets (IRS master file)
- $4,042,463
- Income (IRS master file)
- $948,784
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $940,993 | $479,732 | $4,042,463 | IRS |
| 990 | December 2023 | $459,905 | $305,843 | $3,347,359 | XML |
| 990 | December 2022 | $781,113 | $394,881 | $2,959,445 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 58-2671449).
Questions about AUSTIN AREA FOUNDATION
- What is the EIN of AUSTIN AREA FOUNDATION?
- The employer identification number (EIN) of AUSTIN AREA FOUNDATION is 58-2671449.
- Is AUSTIN AREA FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to AUSTIN AREA FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AUSTIN AREA FOUNDATION 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 AUSTIN AREA 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 AUSTIN AREA FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of AUSTIN AREA FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 17 people; 1 received compensation from the organization, the highest $57,665 (STEPHEN BARRETT, EXECUTIVE DIR.).
- How much revenue does AUSTIN AREA FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $940,993, expenses of $479,732 and total assets of $4,042,463 at year end.
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All nonprofits in AUSTIN · Minnesota · Philanthropy, voluntarism and grantmaking foundations