Ivy Foundation

Minneapolis, MN
Tax-exempt since Oct. 2011
EIN: 27-0155679

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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

$879k (2024)

Expenses

$996k (2024)

Total Assets

$1.78M (2024)

Total Liabilities

$0 (2024)

Years with missing data

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

$878,561

Expenses

$996,124

Net Income

-$117,563

Net Assets

$1,784,854

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$771,564	87.8%
Interest Revenue	$19,555	2.2%
Dividends	$49,824	5.7%
Sales of Assets	$31,012	3.5%
Other Income	$6,605	0.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$960,196	96.4%
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	$1,784,854
Total Liabilities	$0
Net Assets	$1,784,854

Compensation

Key Employees and Officers	Compensation	Other
Sandra E Macmillan (President/Director)	$0	$0
Jennifer J Cullen (Secretary)	$0	$0
Katherine Weber (Treasurer)	$0	$0

990-PF

Filed on Nov. 11, 2025

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$1,845,762

Expenses

$1,001,200

Net Income

$844,562

Net Assets

$1,902,417

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,568,321	85.0%
Interest Revenue	$6,921	0.4%
Dividends	$44,525	2.4%
Sales of Assets	$219,399	11.9%
Other Income	$6,574	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$964,688	96.4%
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	$1,902,417
Total Liabilities	$0
Net Assets	$1,902,417

Compensation

Key Employees and Officers	Compensation	Other
Sandra E Macmillan (President/Director)	$0	$0
Jennifer J Cullen (Secretary)	$0	$0
Katherine Weber (Treasurer)	$0	$0

990-PF

Filed on Nov. 14, 2024

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$77,342

Expenses

$226,542

Net Income

-$149,200

Net Assets

$1,211,177

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$501	0.6%
Dividends	$43,568	56.3%
Sales of Assets	$29,783	38.5%
Other Income	$3,490	4.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$184,185	81.3%
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	$1,211,177
Total Liabilities	$0
Net Assets	$1,211,177

Compensation

Key Employees and Officers	Compensation	Other
Sandra E Macmillan (President/Director)	$0	$0
Michella L Johnson (Secretary/Treasurer/Direct)	$0	$0

990-PF

Filed on Nov. 15, 2023

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

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2021

Revenue

$430,286

Expenses

$267,916

Net Income

$162,370

Net Assets

$1,360,377

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$272,665	63.4%
Interest Revenue	$903	0.2%
Dividends	$31,179	7.2%
Sales of Assets	$124,073	28.8%
Other Income	$1,466	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$250,394	93.5%
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	$1,360,377
Total Liabilities	$0
Net Assets	$1,360,377

Compensation

Key Employees and Officers	Compensation	Other
Sandra E Macmillan (President/Director)	$0	$0
Michella L Johnson (Secretary/Treasurer/Direct)	$0	$0

990-PF

Filed on Nov. 15, 2022

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

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2020

Revenue

$67,708

Expenses

$319,723

Net Income

-$252,015

Net Assets

$1,198,007

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$504	0.7%
Dividends	$35,692	52.7%
Sales of Assets	$30,717	45.4%
Other Income	$795	1.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$292,703	91.5%
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	$1,198,007
Total Liabilities	$0
Net Assets	$1,198,007

Compensation

Key Employees and Officers	Compensation	Other
Sandra E Macmillan (President/Director)	$0	$0
Michella L Johnson (Secretary/Treasurer/Direct)	$0	$0

990-PF

Filed on Jan. 24, 2023

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

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2019

Revenue

$148,190

Expenses

$107,144

Net Income

$41,046

Net Assets

$1,450,022

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$202	0.1%
Dividends	$44,457	30.0%
Sales of Assets	$100,982	68.1%
Other Income	$2,951	2.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$86,392	80.6%
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	$1,450,022
Total Liabilities	$0
Net Assets	$1,450,022

990-PF

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

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2018

Revenue

$100,719

Expenses

$107,927

Net Income

-$7,208

Net Assets

$1,408,976

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$316	0.3%
Dividends	$39,371	39.1%
Sales of Assets	$55,644	55.2%
Other Income	$5,321	5.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$86,037	79.7%
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	$1,408,976
Total Liabilities	$0
Net Assets	$1,408,976

Compensation

Key Employees and Officers	Compensation	Other
Sandra E Macmillan (President/Director)	$0	$0
Michella L Johnson (Secretary/Treasurer/Director)	$0	$0

990-PF

Filed on Nov. 13, 2019

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

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2017

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

Fiscal Year Ending Dec.
2016

Revenue

$96,695

Expenses

$91,247

Net Income

$5,448

Net Assets

$1,402,949

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$249	0.3%
Dividends	$33,374	34.5%
Sales of Assets	$62,379	64.5%
Other Income	$601	0.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$72,123	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	$1,402,949
Total Liabilities	$0
Net Assets	$1,402,949

Compensation

Key Employees and Officers	Compensation	Other
Sandra E Macmillan (President/Director)	$0	$0
Michella L Johnson (Secretary/Treasurer/Direct)	$0	$0

990-PF

Filed on Nov. 10, 2017

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$429,033

Expenses

$75,721

Net Income

$353,312

Net Assets

$1,397,501

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$388,754	90.6%
Interest Revenue	$334	0.1%
Dividends	$27,069	6.3%
Sales of Assets	$12,210	2.8%
Other Income	$664	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$63,741	84.2%
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	$1,397,501
Total Liabilities	$0
Net Assets	$1,397,501

Compensation

Key Employees and Officers	Compensation	Other
Sandra E Macmillan (President/Director)	$0	$0
Michella L Johnson (Secretary/Treasurer/Direct)	$0	$0

990-PF

Filed on Nov. 8, 2016

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$65,696

Expenses

$71,302

Net Income

-$5,606

Net Assets

$1,044,189

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$34	0.1%
Dividends	$27,733	42.2%
Sales of Assets	$32,433	49.4%
Other Income	$5,496	8.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$58,803	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	$1,044,189
Total Liabilities	$0
Net Assets	$1,044,189

Compensation

Key Employees and Officers	Compensation	Other
Sandra E Macmillan (President/Director)	$0	$0
Michella L Johnson (Secretary/Treasurer/Direct)	$0	$0

990-PF

Filed on May 12, 2015

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$212,137

Expenses

$63,074

Net Income

$149,063

Net Assets

$1,049,795

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$94,560	44.6%
Interest Revenue	$32	0.0%
Dividends	$32,740	15.4%
Sales of Assets	$85,538	40.3%
Other Income	-$733

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$50,946	80.8%
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	$1,050,992
Total Liabilities	$1,197
Net Assets	$1,049,795

990-PF

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$19,812

Expenses

$48,700

Net Income

-$28,888

Net Assets

$900,732

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$21	0.1%
Dividends	$30,205	> 100%
Sales of Assets	$0
Other Income	-$1,325

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$30,933	63.5%
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	$900,732
Total Liabilities	$0
Net Assets	$900,732

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$348,903

Expenses

$32,666

Net Income

$316,237

Net Assets

$929,619

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$399,582	> 100%
Interest Revenue	$44	0.0%
Dividends	$22,004	6.3%
Sales of Assets	$0
Other Income	$970	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$21,331	65.3%
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	$929,620
Total Liabilities	$1
Net Assets	$929,619

990-PF

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

PDF

Fiscal Year Ending Dec.
2010

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

Fiscal Year Ending Dec.
2009

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

About This Data

What Is This Data?

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

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

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Ivy Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $879k (2024)

Expenses $996k (2024)

Total Assets $1.78M (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

990-T

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2017

No Extracted Financial Data

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

Revenue

$879k (2024)

Expenses

$996k (2024)

Total Assets

$1.78M (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