Nonprofit · EIN 82-2397145
RAY CHRISTENSEN FOUNDATION
Tax-exempt · LAKEVILLE, MN 55044
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $198,058 | $176,351 | $21,707 | $2,468,074 | $174,028 | $2,294,046 |
| December 31, 2023 | 990-PF | $32,695 | $238,660 | -$205,965 | $2,349,339 | $77,000 | $2,272,339 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $54,296
- Interest
- $36,288
- Net gain from sales of assets
- $106,882
- Other income
- $592
Expenses
- Grants and similar amounts paid
- $132,228
- Compensation of officers, directors and key employees
- $7,100
- Disbursements for charitable purposes
- $35,000
- Excise tax on investment income
- $2,753
Balance sheet and other
- Total assets, start of year
- $2,349,339
- Total assets, end of year
- $2,468,074
- Total liabilities, end of year
- $174,028
- Net assets, end of year
- $2,294,046
- Fair market value of assets
- $2,783,668
- Qualifying distributions
- $35,000
- Net investment income
- $198,058
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SARAH DEVENS 19857 ITEA AVE, LAKEVILLE, MN 55044 | GENERAL MEMB | 0 | $5,275 |
| ANDREA QUICK 18822 IDEN AVE, LAKEVILLE, MN 55419 | SECRETARY | 0 | $1,825 |
| JEAN GROSSMAN 906 W 53RD ST, MINNEAPOLIS, MN 55419 | PRESIDENT | 0 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEAN GROSSMAN 906 W 53RD ST, MINNEAPOLIS, MN 55419 | PRESIDENT | 0 | $4,000 |
| SARAH DEVENS 19857 ITEA AVE, LAKEVILLE, MN 55044 | GENERAL MEMB | 0 | $1,550 |
| ANDREA QUICK 18822 IDEN AVE, LAKEVILLE, MN 55419 | SECRETARY | 0 | $1,150 |
Address and contacts
- Address (IRS master file)
- 18822 IDEN AVE, LAKEVILLE, MN 55044-1520
- In care of
- % ANDREA QUICK
- Signed the 990-PF
- ANDREA QUICK, SECRETARY
- Phone
- (952) 232-5177
- Return prepared by
- MD LEWIS 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 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-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 82-2397145
- 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
- 2019
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T90)
- Assets (IRS master file)
- $2,468,074
- Income (IRS master file)
- $2,026,614
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $198,058 | $176,351 | $2,468,074 | IRS |
| 990-PF | December 2023 | $32,695 | $238,660 | $2,349,339 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 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 82-2397145).
Questions about RAY CHRISTENSEN FOUNDATION
- What is the EIN of RAY CHRISTENSEN FOUNDATION?
- The employer identification number (EIN) of RAY CHRISTENSEN FOUNDATION is 82-2397145.
- Is RAY CHRISTENSEN FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to RAY CHRISTENSEN FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does RAY CHRISTENSEN FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of RAY CHRISTENSEN 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 RAY CHRISTENSEN FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of RAY CHRISTENSEN FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 2 received compensation from the organization, the highest $5,275 (SARAH DEVENS, GENERAL MEMB).
- How much revenue does RAY CHRISTENSEN FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $198,058, expenses of $176,351 and total assets of $2,468,074 at year end.
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