Nonprofit · EIN 72-1538400
TEAMQUEST FOUNDATION
Tax-exempt · CLEAR LAKE, IA 50428
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $21,793 | $24,051 | -$2,258 | $404,867 | $0 | $404,867 |
| December 31, 2024 | 990-PF | $165,443 | $27,587 | $137,856 | $407,579 | $0 | $407,579 |
| December 31, 2023 | 990-PF | $5,692 | $30,674 | -$24,982 | $269,890 | $0 | $269,890 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $9,676
- Interest
- $14
- Net gain from sales of assets
- $12,103
Expenses
- Grants and similar amounts paid
- $13,650
- Disbursements for charitable purposes
- $15,575
- Excise tax on investment income
- $185
Balance sheet and other
- Total assets, start of year
- $407,579
- Total assets, end of year
- $404,867
- Total liabilities, end of year
- $0
- Net assets, end of year
- $404,867
- Fair market value of assets
- $429,753
- Qualifying distributions
- $15,575
- Net investment income
- $21,793
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 |
|---|---|---|---|
| BRAD BAALSON 15385 S LAKEVIEW DR, CLEAR LAKE, IA 50428 | PRESIDENT | 0.3 | $0 |
| JOHN RAYMOND 1900 CEDAR ST G-101, NORWALK, IA 50211 | VICE PRESIDE | 0.3 | $0 |
| TRACY ANDERSON 1907 N 24TH ST, CLEAR LAKE, IA 50428 | TREASURER | 0.3 | $0 |
| STACY DOUGHAN 603 PINE BROOKE DR, CLEAR LAKE, IA 50428 | SECRETARY | 0.3 | $0 |
990-PF for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRAD BAALSON 15385 S LAKEVIEW DR, CLEAR LAKE, IA 50428 | PRESIDENT | 0.3 | $0 |
| JOHN RAYMOND 1900 CEDAR ST G-101, NORWALK, IA 50211 | VICE PRESIDE | 0.3 | $0 |
| TRACY ANDERSON 1907 N 24TH ST, CLEAR LAKE, IA 50428 | TREASURER | 0.3 | $0 |
| STACY DOUGHAN 603 PINE BROOKE DR, CLEAR LAKE, IA 50428 | SECRETARY | 0.3 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRAD BAALSON 15385 S LAKEVIEW DR, CLEAR LAKE, IA 50428 | PRESIDENT | 0.3 | $0 |
| JOHN RAYMOND 1900 CEDAR ST G-101, NORWALK, IA 50211 | VICE PRESIDE | 0.2 | $0 |
| TRACY ANDERSON 1907 N 24TH ST, CLEAR LAKE, IA 50428 | TREASURER | 0.3 | $0 |
| STACY DOUGHAN 603 PINE BROOKE DR, CLEAR LAKE, IA 50428 | SECRETARY | 0.3 | $0 |
Address and contacts
- Address (IRS master file)
- 1907 N 24TH ST, CLEAR LAKE, IA 50428-2076
- In care of
- % TERRY A WISNER
- Signed the 990-PF
- TRACY ANDERSON, TREASURER
- Phone
- (515) 865-4065
- Return prepared by
- HOGAN - HANSEN 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 | 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
- 72-1538400
- 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
- 2003
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T21)
- Assets (IRS master file)
- $404,867
- Income (IRS master file)
- $94,996
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $21,793 | $24,051 | $404,867 | IRS |
| 990-PF | December 2024 | $165,443 | $27,587 | $407,579 | XML |
| 990-PF | December 2023 | $5,692 | $30,674 | $269,890 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | 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 72-1538400).
Questions about TEAMQUEST FOUNDATION
- What is the EIN of TEAMQUEST FOUNDATION?
- The employer identification number (EIN) of TEAMQUEST FOUNDATION is 72-1538400.
- Is TEAMQUEST FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to TEAMQUEST FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does TEAMQUEST FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of TEAMQUEST 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 TEAMQUEST 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 TEAMQUEST FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does TEAMQUEST FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $21,793, expenses of $24,051 and total assets of $404,867 at year end.
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