The Ron And Diane Fagen Family Foundation

Granite Falls, MN
Tax-exempt since Jan. 2006
EIN: 20-2019581

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$35.1k (2023)

Expenses

$145k (2023)

Total Assets

$2.3M (2023)

Total Liabilities

$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$35,122

Expenses

$144,903

Net Income

-$109,781

Net Assets

$2,304,023

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$46,774	> 100%
Dividends	$14,849	42.3%
Sales of Assets	-$26,501
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$122,662	84.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,304,023
Total Liabilities	$0
Net Assets	$2,304,023

Compensation

Key Employees and Officers	Compensation	Other
Diane Fagen (President)	$0	$0
Ron Fagen (Vice President/Treasurer)	$0	$0
Evan Fagen (Director)	$0	$0
Aaron Fagen (Director)	$0	$0

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990-PF

Filed on Nov. 14, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

$63,545

Expenses

$151,805

Net Income

-$88,260

Net Assets

$2,412,806

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$41,454	65.2%
Dividends	$19,398	30.5%
Sales of Assets	$2,693	4.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$135,000	88.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,412,806
Total Liabilities	$0
Net Assets	$2,412,806

Compensation

Key Employees and Officers	Compensation	Other
Diane Fagen (President)	$0	$0
Ron Fagen (Vice President/Treasurer)	$0	$0
Evan Fagen (Director)	$0	$0
Aaron Fagen (Director)	$0	$0

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990-PF

Filed on Nov. 10, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$103,330

Expenses

$151,233

Net Income

-$47,903

Net Assets

$2,501,066

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$44,603	43.2%
Dividends	$10,550	10.2%
Sales of Assets	$48,177	46.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$129,575	85.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,501,066
Total Liabilities	$0
Net Assets	$2,501,066

Compensation

Key Employees and Officers	Compensation	Other
Diane Fagen (President)	$0	$0
Ron Fagen (Vice President/Treasurer)	$0	$0
Evan Fagen (Director)	$0	$0
Aaron Fagen (Director)	$0	$0

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990-PF

Filed on Nov. 14, 2022

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2020

Revenue

$118,920

Expenses

$109,462

Net Income

$9,458

Net Assets

$2,548,968

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$47,081	39.6%
Dividends	$12,387	10.4%
Sales of Assets	$59,452	50.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$87,705	80.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,548,969
Total Liabilities	$1
Net Assets	$2,548,968

Compensation

Key Employees and Officers	Compensation	Other
Diane Fagen (President)	$0	$0
Ron Fagen (Vice President/Treasurer)	$0	$0
Evan Fagen (Director)	$0	$0
Aaron Fagen (Director)	$0	$0

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990-PF

Filed on Oct. 18, 2021

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2019

Revenue

$106,613

Expenses

$102,179

Net Income

$4,434

Net Assets

$2,539,510

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$47,088	44.2%
Dividends	$25,732	24.1%
Sales of Assets	$33,793	31.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$79,711	78.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,539,511
Total Liabilities	$1
Net Assets	$2,539,510

Compensation

Key Employees and Officers	Compensation	Other
Diane Fagen (President)	$0	$0
Ron Fagen (Vice President/Treasurer)	$0	$0
Evan Fagen (Director)	$0	$0
Aaron Fagen (Director)	$0	$0

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990-PF

Filed on May 18, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$362,243

Expenses

$103,103

Net Income

$259,140

Net Assets

$2,535,077

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$242,242	66.9%
Interest Revenue	$52,932	14.6%
Dividends	$13,063	3.6%
Sales of Assets	$54,006	14.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$81,500	79.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,535,077
Total Liabilities	$0
Net Assets	$2,535,077

Compensation

Key Employees and Officers	Compensation	Other
Diane Fagen (President)	$0	$0
Ron Fagen (Vice President/Treasurer)	$0	$0
Evan Fagen (Director)	$0	$0
Aaron Fagen (Director)	$0	$0

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990-PF

Filed on Oct. 22, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$88,954

Expenses

$145,894

Net Income

-$56,940

Net Assets

$2,275,937

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$46,437	52.2%
Dividends	$9,998	11.2%
Sales of Assets	$32,519	36.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$125,307	85.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,275,937
Total Liabilities	$0
Net Assets	$2,275,937

Compensation

Key Employees and Officers	Compensation	Other
Diane Fagen (President)	$0	$0
Ron Fagen (Vice President/Treasurer)	$0	$0
Evan Fagen (Director)	$0	$0
Aaron Fagen (Director)	$0	$0

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990-PF

Filed on Feb. 28, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$65,595

Expenses

$193,622

Net Income

-$128,027

Net Assets

$2,332,877

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$40,348	61.5%
Dividends	$12,239	18.7%
Sales of Assets	$13,008	19.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$172,211	88.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,332,877
Total Liabilities	$0
Net Assets	$2,332,877

Compensation

Key Employees and Officers	Compensation	Other
Diane Fagen (President)	$0	$0
Ron Fagen (Vice President/Treasurer)	$0	$0
Evan Fagen (Director)	$0	$0
Aaron Fagen (Director)	$0	$0

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990-PF

Filed on Oct. 23, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$81,013

Expenses

$41,509

Net Income

$39,504

Net Assets

$2,460,904

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$42,980	53.1%
Dividends	$2,310	2.9%
Sales of Assets	$35,723	44.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$17,450	42.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,460,904
Total Liabilities	$0
Net Assets	$2,460,904

Compensation

Key Employees and Officers	Compensation	Other
Diane Fagen (President)	$0	$0
Ron Fagen (Vice President/Treasurer)	$0	$0
Evan Fagen (Director)	$0	$0
Aaron Fagen (Director)	$0	$0

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990-PF

Filed on Aug. 15, 2016

Primary tax return for a private foundation's activities, finances, and governance

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PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Revenue

$262,016

Expenses

$142,210

Net Income

$119,806

Net Assets

$2,421,400

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$170,141	64.9%
Interest Revenue	$7	0.0%
Dividends	$60,120	22.9%
Sales of Assets	$31,748	12.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$121,520	85.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,421,400
Total Liabilities	$0
Net Assets	$2,421,400

Compensation

Key Employees and Officers	Compensation	Other
Diane Fagen (President)	$0	$0
Ron Fagen (Vice President/Treasurer)	$0	$0
Evan Fagen (Director)	$0	$0
Aaron Fagen (Director)	$0	$0

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990-PF

Filed on May 14, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$1,040,684

Expenses

$63,062

Net Income

$977,622

Net Assets

$2,301,594

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,000,000	96.1%
Interest Revenue	$3	0.0%
Dividends	$32,882	3.2%
Sales of Assets	$7,799	0.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$47,641	75.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,301,594
Total Liabilities	$0
Net Assets	$2,301,594

Compensation

Key Employees and Officers	Compensation	Other
Diane Fagen (President)	$0	$0
Ron Fagen (Vice President/Treasurer)	$0	$0
Evan Fagen (Director)	$0	$0
Aaron Fagen (Director)	$0	$0

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990-PF

Filed on Aug. 26, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$70,887

Expenses

$98,023

Net Income

-$27,136

Net Assets

$1,323,971

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3	0.0%
Dividends	$36,862	52.0%
Sales of Assets	$34,022	48.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$81,795	83.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,323,972
Total Liabilities	$1
Net Assets	$1,323,971

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$50,667

Expenses

$96,011

Net Income

-$45,344

Net Assets

$1,351,107

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$31,869	62.9%
Dividends	$3,403	6.7%
Sales of Assets	$15,395	30.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$79,210	82.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,351,108
Total Liabilities	$1
Net Assets	$1,351,107

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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The Ron And Diane Fagen Family Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $35.1k (2023)

Expenses $145k (2023)

Total Assets $2.3M (2023)

Total Liabilities $0 (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$35.1k (2023)

Expenses

$145k (2023)

Total Assets

$2.3M (2023)

Total Liabilities

$0 (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004