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Nonprofit · EIN 75-3140739

MICHAEL J AND KAREN B FREY FOUNDATION

Tax-exempt · WAYZATA, MN 55391

Financials

$536K$521K2023$679K$673K2024$2M$771K2025
Revenue Expenses · by fiscal year end
Financials of MICHAEL J AND KAREN B FREY FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$1,980,203$771,322$1,208,881$3,922,243$0$3,922,243
December 31, 2024990-PF$679,230$673,192$6,038$2,716,662$0$2,716,662
December 31, 2023990-PF$536,146$520,963$15,183$2,710,624$0$2,710,624
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Dividends
$186,326
Net gain from sales of assets
$1,793,877

Expenses

Grants and similar amounts paid
$756,000
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$758,375
Excise tax on investment income
$27,492

Balance sheet and other

Total assets, start of year
$2,716,662
Total assets, end of year
$3,922,243
Total liabilities, end of year
$0
Net assets, end of year
$3,922,243
Fair market value of assets
$15,061,707
Qualifying distributions
$758,375
Net investment income
$1,980,203

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.

NameTitleHours / weekCompensation
MICHAEL J FREY
745 FERNDALE ROAD NORTH, WAYZATA, MN 55391
TREASURER/PRESIDENT1$0
KAREN B FREY
745 FERNDALE ROAD NORTH, WAYZATA, MN 55391
SECRETARY/DIRECTOR1$0
DAVID J FREY
745 FERNDALE ROAD NORTH, WAYZATA, MN 55391
DIRECTOR1$0
SARA J FREY
745 FERNDALE ROAD NORTH, WAYZATA, MN 55391
DIRECTOR1$0
MICHAEL B FREY
745 FERNDALE ROAD NORTH, WAYZATA, MN 55391
DIRECTOR1$0
990-PF for the year ended December 31, 2024: 5 people
NameTitleHours / weekCompensation
MICHAEL J FREY
745 FERNDALE ROAD NORTH, WAYZATA, MN 55391
TREASURER/PRESIDENT1$0
KAREN B FREY
745 FERNDALE ROAD NORTH, WAYZATA, MN 55391
SECRETARY/DIRECTOR1$0
DAVID J FREY
745 FERNDALE ROAD NORTH, WAYZATA, MN 55391
DIRECTOR1$0
SARA J FREY
745 FERNDALE ROAD NORTH, WAYZATA, MN 55391
DIRECTOR1$0
MICHAEL B FREY
745 FERNDALE ROAD NORTH, WAYZATA, MN 55391
DIRECTOR1$0
990-PF for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
MICHAEL J FREY
745 FERNDALE ROAD NORTH, WAYZATA, MN 55391
TREASURER/PRESIDENT1$0
KAREN B FREY
745 FERNDALE ROAD NORTH, WAYZATA, MN 55391
SECRETARY/DIRECTOR1$0
DAVID J FREY
745 FERNDALE ROAD NORTH, WAYZATA, MN 55391
DIRECTOR1$0
SARA J FREY
745 FERNDALE ROAD NORTH, WAYZATA, MN 55391
DIRECTOR1$0
MICHAEL B FREY
745 FERNDALE ROAD NORTH, WAYZATA, MN 55391
DIRECTOR1$0

Address and contacts

Address (IRS master file)
980 E SHADY LN, WAYZATA, MN 55391-1830
In care of
% MICHAEL FREY
Signed the 990-PF
MICHAEL J FREY, PRESIDENT
Phone
(952) 476-0301
Return prepared by
REDPATH AND COMPANY LLC

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
75-3140739
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
2004
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$3,922,243
Income (IRS master file)
$2,353,116

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$1,980,203$771,322$3,922,243XML
990-PFDecember 2024$679,230$673,192$2,716,662IRS
990-PFDecember 2023$536,146$520,963$2,710,624XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 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 75-3140739).

Questions about MICHAEL J AND KAREN B FREY FOUNDATION

What is the EIN of MICHAEL J AND KAREN B FREY FOUNDATION?
The employer identification number (EIN) of MICHAEL J AND KAREN B FREY FOUNDATION is 75-3140739.
Is MICHAEL J AND KAREN B FREY FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
Are donations to MICHAEL J AND KAREN B FREY FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does MICHAEL J AND KAREN B FREY FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of MICHAEL J AND KAREN B FREY 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 MICHAEL J AND KAREN B FREY 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 MICHAEL J AND KAREN B FREY FOUNDATION?
The 990-PF for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
How much revenue does MICHAEL J AND KAREN B FREY FOUNDATION have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $1,980,203, expenses of $771,322 and total assets of $3,922,243 at year end.

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