Nonprofit · EIN 86-2688528
MORTENSON FOUNDATION INC
Tax-exempt · SOUTHPORT, FL 32409
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $10,101 | $13,973 | -$3,872 | $87,645 | $5,000 | $82,645 |
| December 31, 2023 | 990-PF | $2,818 | $9,346 | -$6,528 | $90,059 | $61 | $89,998 |
| December 31, 2022 | 990-PF | $103,712 | $7,247 | $96,465 | $96,533 | $0 | $96,533 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,541
- Dividends
- $3,068
- Net gain from sales of assets
- $3,492
Expenses
- Grants and similar amounts paid
- $11,640
- Disbursements for charitable purposes
- $11,640
- Excise tax on investment income
- $35
Balance sheet and other
- Total assets, start of year
- $90,059
- Total assets, end of year
- $87,645
- Total liabilities, end of year
- $5,000
- Net assets, end of year
- $82,645
- Fair market value of assets
- $99,378
- Qualifying distributions
- $11,640
- Net investment income
- $3,894
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 |
|---|---|---|---|
| DALE E MORTENSON 7822 SOUTH MCCANN ROAD, SOUTHPORT, FL 32409 | DIRECTOR | 0.1 | $0 |
| EILEEN MORTENSON 7822 SOUTH MCCANN ROAD, SOUTHPORT, FL 32409 | DIRECTOR | 0.1 | $0 |
| IMMANUEL MORTENSON 7822 SOUTH MCCANN ROAD, PANAMA CITY, FL 32409 | DIRECTOR | 0.1 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dale E Mortenson 7822 South McCann Road, Southport, FL 32409 | Director | 1 | $0 |
| Eileen Mortenson 7822 South McCann Road, Southport, FL 32409 | Director | 1 | $0 |
| Immanuel Mortenson 7822 South McCann Road, Panama City, FL 32409 | Director | 1 | $0 |
990-PF for the year ended December 31, 2022: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dale E Mortenson 7822 South McCann Road, Southport, FL 32409 | Director | 1 | $0 |
| Eileen Mortenson 7822 South McCann Road, Southport, FL 32409 | Director | 1 | $0 |
| Immanuel Mortenson 7822 South McCann Road, Panama City, FL 32409 | Director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 7822 S MCCANN RD, SOUTHPORT, FL 32409-1955
- Signed the 990-PF
- DALE E MORTENSON, DIRECTOR
- Phone
- (850) 624-8214
- Return prepared by
- LIGHTHOUSE CPAS PA
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
- 86-2688528
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T50)
- Assets (IRS master file)
- $87,645
- Income (IRS master file)
- $30,870
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $10,101 | $13,973 | $87,645 | XML |
| 990-PF | December 2023 | $2,818 | $9,346 | $90,059 | XML |
| 990-PF | December 2022 | $103,712 | $7,247 | $96,533 | XML |
| 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 86-2688528).
Questions about MORTENSON FOUNDATION INC
- What is the EIN of MORTENSON FOUNDATION INC?
- The employer identification number (EIN) of MORTENSON FOUNDATION INC is 86-2688528.
- Is MORTENSON FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to MORTENSON FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MORTENSON FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MORTENSON FOUNDATION 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 MORTENSON FOUNDATION 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 MORTENSON FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does MORTENSON FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $10,101, expenses of $13,973 and total assets of $87,645 at year end.
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