Tortimaki Foundation

Wilmington, DE
Tax-exempt since Aug. 2008
EIN: 26-1122825

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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 Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$337k (2024)

Expenses

$309k (2024)

Total Assets

$3.42M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

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.
2024

Revenue

$336,709

Expenses

$308,742

Net Income

$27,967

Net Assets

$3,422,498

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$828	0.2%
Dividends	$177,855	52.8%
Sales of Assets	$158,026	46.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$307,442	99.6%
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	$3,422,498
Total Liabilities	$0
Net Assets	$3,422,498

Compensation

Key Employees and Officers	Compensation	Other
Nancy Taussig (Vp, Dir)	$0	$0
Timothy T Taussig (Pres, Dir, Sec)	$0	$0

990-PF

Filed on April 10, 2025

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

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Fiscal Year Ending Dec.
2023

Revenue

$56,914

Expenses

$236,761

Net Income

-$179,847

Net Assets

$3,394,531

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$741	1.3%
Dividends	$89,072	> 100%
Sales of Assets	-$32,899
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$235,438	99.4%
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	$3,394,531
Total Liabilities	$0
Net Assets	$3,394,531

Compensation

Key Employees and Officers	Compensation	Other
Nancy Taussig (Vp, Dir)	$0	$0
Timothy T Taussig (Pres, Dir, Sec)	$0	$0

990-PF

Filed on Oct. 18, 2024

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

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Fiscal Year Ending Dec.
2022

Revenue

$88,209

Expenses

$224,140

Net Income

-$135,931

Net Assets

$3,574,378

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,394	1.6%
Dividends	$82,120	93.1%
Sales of Assets	$4,695	5.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$218,740	97.6%
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	$3,574,378
Total Liabilities	$0
Net Assets	$3,574,378

Compensation

Key Employees and Officers	Compensation	Other
Nancy Taussig (Vp, Dir)	$0	$0
Timothy T Taussig (Pres, Dir, Sec)	$0	$0

990-PF

Filed on May 5, 2023

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

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Fiscal Year Ending Dec.
2021

Revenue

$211,380

Expenses

$182,667

Net Income

$28,713

Net Assets

$3,710,309

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$95	0.0%
Dividends	$85,931	40.7%
Sales of Assets	$125,354	59.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$180,547	98.8%
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	$3,710,309
Total Liabilities	$0
Net Assets	$3,710,309

Compensation

Key Employees and Officers	Compensation	Other
Nancy Taussig (Vp, Dir)	$0	$0
Timothy T Taussig (Pres, Dir, Sec)	$0	$0

990-PF

Filed on Aug. 30, 2022

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

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Fiscal Year Ending Dec.
2020

Revenue

$634,151

Expenses

$174,550

Net Income

$459,601

Net Assets

$3,681,595

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$496,140	78.2%
Interest Revenue	$1,491	0.2%
Dividends	$76,967	12.1%
Sales of Assets	$59,553	9.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$173,014	99.1%
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	$3,681,596
Total Liabilities	$1
Net Assets	$3,681,595

Compensation

Key Employees and Officers	Compensation	Other
Nancy Taussig (Vp, Dir)	$0	$0
Timothy T Taussig (Pres, Dir, Sec)	$0	$0

990-PF

Filed on Sept. 28, 2021

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

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XML

Fiscal Year Ending Dec.
2019

Revenue

$605,147

Expenses

$133,808

Net Income

$471,339

Net Assets

$3,221,994

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$498,364	82.4%
Interest Revenue	$15,842	2.6%
Dividends	$64,660	10.7%
Sales of Assets	$26,281	4.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$126,036	94.2%
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	$3,221,995
Total Liabilities	$1
Net Assets	$3,221,994

Compensation

Key Employees and Officers	Compensation	Other
Nancy Taussig (Vp, Dir)	$0	$0
Timothy T Taussig (Pres, Dir, Sec)	$0	$0

990-PF

Filed on May 21, 2020

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

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Fiscal Year Ending Dec.
2018

Revenue

$110,961

Expenses

$123,307

Net Income

-$12,346

Net Assets

$2,750,656

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$21,727	19.6%
Dividends	$41,465	37.4%
Sales of Assets	$47,769	43.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$122,839	99.6%
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	$2,750,656
Total Liabilities	$0
Net Assets	$2,750,656

Compensation

Key Employees and Officers	Compensation	Other
Nancy Taussig (Vp / Dir)	$0	$0
Timothy T Taussig (Pres / Dir / Sec)	$0	$0

990-PF

Filed on May 7, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$1,456,762

Expenses

$135,897

Net Income

$1,320,865

Net Assets

$2,763,002

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,449,985	99.5%
Interest Revenue	$963	0.1%
Dividends	$5,814	0.4%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$135,837	100.0%
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	$2,763,002
Total Liabilities	$0
Net Assets	$2,763,002

Compensation

Key Employees and Officers	Compensation	Other
Nancy Taussig (Vp, Dir)	$0	$0
Timothy T Taussig (Pres, Dir, Sec)	$0	$0

990-PF

Filed on July 17, 2018

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

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Fiscal Year Ending Dec.
2016

Revenue

$5,958

Expenses

$119,838

Net Income

-$113,880

Net Assets

$1,442,137

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$296	5.0%
Dividends	$5,662	95.0%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$119,781	100.0%
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	$1,442,137
Total Liabilities	$0
Net Assets	$1,442,137

Compensation

Key Employees and Officers	Compensation	Other
Nancy Taussig (Vp / Dir)	$0	$0
Timothy T Taussig (Pres / Dir / Sec)	$0	$0

990-PF

Filed on June 23, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$5,741

Expenses

$94,650

Net Income

-$88,909

Net Assets

$1,556,017

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$269	4.7%
Dividends	$5,472	95.3%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$94,544	99.9%
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	$1,556,017
Total Liabilities	$0
Net Assets	$1,556,017

Compensation

Key Employees and Officers	Compensation	Other
Nancy Taussig (Vp / Dir)	$0	$0
Timothy T Taussig (Pres / Dir / Sec)	$0	$0

990-PF

Filed on May 5, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$5,301

Expenses

$98,531

Net Income

-$93,230

Net Assets

$1,644,926

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$171	3.2%
Dividends	$5,130	96.8%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$83,467	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	$1,644,926
Total Liabilities	$0
Net Assets	$1,644,926

Compensation

Key Employees and Officers	Compensation	Other
Nancy Taussig (Vp / Dir)	$0	$0
Timothy T Taussig (Pres / Dir / Sec)	$0	$0

990-PF

Filed on May 11, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$819,645

Expenses

$96,829

Net Income

$722,816

Net Assets

$1,738,156

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$129	0.0%
Dividends	$10,389	1.3%
Sales of Assets	$809,127	98.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$81,043	83.7%
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	$1,738,156
Total Liabilities	$0
Net Assets	$1,738,156

Compensation

Key Employees and Officers	Compensation	Other
Nancy Taussig (Vp / Dir)	$0	$0
Timothy T Taussig (Pres / Dir / Sec)	$0	$0

990-PF

Filed on July 2, 2014

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

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Fiscal Year Ending Dec.
2012

Revenue

$99,293

Expenses

$62,803

Net Income

$36,490

Net Assets

$1,015,339

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$7	0.0%
Dividends	$99,286	100.0%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$60,833	96.9%
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	$1,015,340
Total Liabilities	$1
Net Assets	$1,015,339

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$362,838

Expenses

$72,234

Net Income

$290,604

Net Assets

$978,850

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$344,325	94.9%
Interest Revenue	$8	0.0%
Dividends	$18,505	5.1%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$71,019	98.3%
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	$978,850
Total Liabilities	$0
Net Assets	$978,850

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

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Tortimaki Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $337k (2024)

Expenses $309k (2024)

Total Assets $3.42M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

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

Revenue

$337k (2024)

Expenses

$309k (2024)

Total Assets

$3.42M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

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