Nonprofit · EIN 88-0978077
VLR FOUNDATION
Tax-exempt · LITTLE CANADA, MN 55117
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $25,797 | $0 | $25,797 | $10,389,915 | $8,895,796 | $1,494,119 |
| December 31, 2024 | 990 | $71,744 | $0 | $71,744 | $10,081,970 | $8,620,910 | $1,461,060 |
| December 31, 2023 | 990 | $50,011 | $0 | $50,011 | $9,941,686 | $8,554,910 | $1,386,776 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Net rental income
- $25,797
- Other revenue
- $25,797
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
Balance sheet and other
- Total assets, start of year
- $10,081,970
- Total assets, end of year
- $10,389,915
- Total liabilities, end of year
- $8,895,796
- Net assets, end of year
- $1,494,119
- Land, buildings and equipment
- $10,330,642
- Net assets without donor restrictions
- $1,494,119
- Gross unrelated business income
- $25,797
- Gross receipts
- $498,119
- Employees
- 0
- Year formed
- 2022
- State of legal domicile
- MN
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 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| PETER M KRAMER | CEO VISION L Officer | – | $0 | $265,782 | $33,358 |
| CHARLES J STROUD | CEO Trustee or director, Officer | – | $0 | $168,760 | $28,218 |
| LINDA GUZMAN | CPS DIRECTOR Highest-paid employee | – | $0 | $138,383 | $15,592 |
| TRICIA DURST | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JEAN MACHART | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARY MCDOUGALL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DENISE RAUNIG | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MIKE TREECE | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| PETER M KRAMER | CEO VISION L Officer | – | $0 | $238,226 | $11,352 |
| CHARLES J STROUD | CEO Trustee or director, Officer | – | $0 | $133,120 | $7,284 |
| LINDA GUZMAN | CPS DIRECTOR Highest-paid employee | – | $0 | $121,903 | $14,590 |
| RICARDO LOPEZ | SENIOR PROD Highest-paid employee | – | $0 | $105,114 | $13,143 |
| TRICIA DURST | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JEAN MACHART | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARY MCDOUGALL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DENISE RAUNIG | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MIKE TREECE | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| PETER M KRAMER | CEO VISION L Officer | – | $0 | $175,034 | $9,370 |
| LINDA GUZMAN | CPS DIRECTOR Highest-paid employee | – | $0 | $118,907 | $14,294 |
| CHARLES J STROUD | CEO Trustee or director, Officer | – | $0 | $128,417 | $2,130 |
| JUAN GUZMAN | PRODUCTION S Highest-paid employee | – | $0 | $101,633 | $15,827 |
| RICARDO LOPEZ | SENIOR PROD Highest-paid employee | – | $0 | $103,056 | $10,137 |
| TRICIA DURST | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JEAN MACHART | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARY MCDOUGALL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MIKE TREECE | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3230 SPRUCE ST, LITTLE CANADA, MN 55117-1063
- Principal officer (990 for 2025)
- CHARLES J STROUD, 3230 SPRUCE STREET, LITTLE CANADA, MN 55117
- Signed the 990
- CHARLES J STROUD, CEO
- Phone
- (612) 843-3424
- Return prepared by
- CARLSONSV LLP
Mission
OWN COMMERCIAL BUILDING AT 3230 SPRUCE STREET AND RENT TO CONTROLLING PARENT NON-PROFIT.
Program accomplishments
- PROVIDE FUNDS FOR VISION LOSS RESOURCES INC.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 88-0978077
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Voluntary health associations and medical disciplines (G11)
- Assets (IRS master file)
- $10,389,915
- Income (IRS master file)
- $498,119
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $25,797 | $0 | $10,389,915 | XML |
| 990-T | December 2025 | – | – | – | IRS |
| 990 | December 2024 | $71,744 | $0 | $10,081,970 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $50,011 | $0 | $9,941,686 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $1,335,634 | $217 | $9,838,281 | 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 88-0978077).
Questions about VLR FOUNDATION
- What is the EIN of VLR FOUNDATION?
- The employer identification number (EIN) of VLR FOUNDATION is 88-0978077.
- Is VLR FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to VLR FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does VLR FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VLR 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 VLR FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of VLR FOUNDATION?
- The 990 for the year ended December 31, 2025 names CHARLES J STROUD.
- Who are the officers and directors of VLR FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does VLR FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $25,797, expenses of $0 and total assets of $10,389,915 at year end.
Other nonprofits in LITTLE CANADA
- KIDS IN NEED FOUNDATION EIN 82-1078462 · last filed 990 for 2025
- INDIAN LAND TENURE FOUNDATION EIN 41-2014273 · last filed 990 for 2024
- INTERNATIONAL UNION OF PAINTERS AND ALLIED TRADES EIN 41-1997445 · last filed 990 for 2025
- WOMENS LIFE CARE CENTER EIN 41-1649273 · last filed 990 for 2024
- KAPOSIA INC EIN 41-0978639 · last filed 990 for 2025
- FINISHING TRADES INSTITUTE OF THE UPPER MIDWEST TRUST FUND EIN 41-1296033 · last filed 990 for 2025
- VISION LOSS RESOURCES INC EIN 41-0694713 · last filed 990 for 2025
- MINNESOTA CATHOLIC CREDIT UNION EIN 41-0718967 · last filed 990 for 2025
All nonprofits in LITTLE CANADA · Minnesota · Voluntary health associations and medical disciplines