Nonprofit · EIN 85-4242254
WE INVEST IN YOU INC
Tax-exempt · HOPKINS, MN 55343
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $34,709 | $33,668 | $1,041 | $843,397 | $1,450 | $841,947 |
| December 31, 2023 | 990 | $27,339 | $193,730 | -$166,391 | $843,548 | $2,642 | $840,906 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,000
- Interest
- $11,999
- Other income
- $21,544
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $12,000
- Excise tax on investment income
- $146
Balance sheet and other
- Total assets, start of year
- $843,548
- Total assets, end of year
- $843,397
- Total liabilities, end of year
- $1,450
- Net assets, end of year
- $841,947
- Fair market value of assets
- $843,397
- Qualifying distributions
- $100,350
- Net investment income
- $11,999
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 |
|---|---|---|---|
| GARY PEDERSEN 850 5TH ST S, HOPKINS, MN 55343 | DIRECTOR AND PRESIDENT | 10 | $12,000 |
| E TED YOCH 850 5TH ST S, HOPKINS, MN 55343 | FOUNDER, DIRECTOR | 10 | $0 |
| STEVE YOCH 850 5TH ST S, HOPKINS, MN 55343 | DIRECTOR | 2 | $0 |
| TOM KLINGEN 850 5TH ST S, HOPKINS, MN 55343 | DIRECTOR | 2 | $0 |
| GREG YOCH 850 5TH ST S, HOPKINS, MN 55343 | DIRECTOR | 2 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GARY PEDERSEN | DIRECTOR AND PRESIDENT Trustee or director, Officer | 10 | $1,000 |
| E TED YOCH | FOUNDER, DIRECTOR Trustee or director, Officer | 15 | $0 |
| TOM KLINGEN | DIRECTOR Trustee or director | 2 | $0 |
| STEVE YOCH | DIRECTOR Trustee or director | 2 | $0 |
| GREG YOCH | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 850 5TH ST S, HOPKINS, MN 55343-7750
- In care of
- % GARY L PEDERSEN
- Signed the 990-PF
- E TED YOCH, DIRECTOR
- Phone
- (612) 490-3294
- Return prepared by
- ELLINGSON & ELLINGSON LTD
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 on file |
IRS record
- EIN
- 85-4242254
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 2026
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $843,397
- Income (IRS master file)
- $34,709
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $34,709 | $33,668 | $843,397 | XML |
| 990 | December 2023 | $27,339 | $193,730 | $843,548 | XML |
| 990 | December 2022 | $17,337 | $10,087 | $1,007,297 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | 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 85-4242254).
Questions about WE INVEST IN YOU INC
- What is the EIN of WE INVEST IN YOU INC?
- The employer identification number (EIN) of WE INVEST IN YOU INC is 85-4242254.
- Is WE INVEST IN YOU INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2026.
- Are donations to WE INVEST IN YOU INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does WE INVEST IN YOU INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of WE INVEST IN YOU INC 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 WE INVEST IN YOU INC 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 WE INVEST IN YOU INC?
- The 990-PF for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $12,000 (GARY PEDERSEN, DIRECTOR AND PRESIDENT).
- How much revenue does WE INVEST IN YOU INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $34,709, expenses of $33,668 and total assets of $843,397 at year end.
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