G2 Foundation

Deerwood, MN
Tax-exempt since Feb. 2011
EIN: 27-4187776

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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

$236k (2024)

Expenses

$148k (2024)

Total Assets

$2.38M (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

$235,710

Expenses

$148,393

Net Income

$87,317

Net Assets

$2,384,549

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$5,008	2.1%
Dividends	$90,387	38.3%
Sales of Assets	$140,315	59.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$135,837	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	$2,384,549
Total Liabilities	$0
Net Assets	$2,384,549

Compensation

Key Employees and Officers	Compensation	Other
Nancy Bonnema (Director And President)	$0	$0
Scott Bonnema (Director And Treasurer)	$0	$0
Kevin Bonnema (Director)	$0	$0
Katie Huseboe (Director)	$0	$0

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990-PF

Filed on May 12, 2025

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$123,915

Expenses

$139,617

Net Income

-$15,702

Net Assets

$2,547,315

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$5,369	4.3%
Dividends	$84,919	68.5%
Sales of Assets	$33,627	27.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$128,550	92.1%
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	$2,547,315
Total Liabilities	$0
Net Assets	$2,547,315

Compensation

Key Employees and Officers	Compensation	Other
Nancy Bonnema (Director And President)	$0	$0
Scott Bonnema (Director And Treasurer)	$0	$0
Kevin Bonnema (Director)	$0	$0
Katie Huseboe (Director)	$0	$0

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990-PF

Filed on April 17, 2024

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2022

Revenue

$90,712

Expenses

$149,242

Net Income

-$58,530

Net Assets

$2,283,100

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$969	1.1%
Dividends	$92,680	> 100%
Sales of Assets	-$3,267
Other Income	$330	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$129,587	86.8%
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	$2,283,100
Total Liabilities	$0
Net Assets	$2,283,100

Compensation

Key Employees and Officers	Compensation	Other
Nancy Bonnema (Director And President)	$0	$0
Scott Bonnema (Director And Treasurer)	$0	$0
Kevin Bonnema (Director)	$0	$0

990-PF

Filed on May 12, 2023

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$288,342

Expenses

$138,246

Net Income

$150,096

Net Assets

$2,800,313

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$57	0.0%
Dividends	$73,324	25.4%
Sales of Assets	$214,961	74.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$127,275	92.1%
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	$2,800,313
Total Liabilities	$0
Net Assets	$2,800,313

Compensation

Key Employees and Officers	Compensation	Other
Nancy Bonnema (Director And President)	$0	$0
Scott Bonnema (Director And Treasurer)	$0	$0
Kevin Bonnema (Director)	$0	$0

990-PF

Filed on Sept. 23, 2022

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$126,076

Expenses

$135,530

Net Income

-$9,454

Net Assets

$2,531,970

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$417	0.3%
Dividends	$81,920	65.0%
Sales of Assets	$43,739	34.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$122,200	90.2%
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	$2,531,971
Total Liabilities	$1
Net Assets	$2,531,970

Compensation

Key Employees and Officers	Compensation	Other
Nancy Bonnema (Director And President)	$0	$0
Scott Bonnema (Director And Treasurer)	$0	$0
Kevin Bonnema (Director)	$0	$0

990-PF

Filed on May 14, 2021

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$172,935

Expenses

$116,622

Net Income

$56,313

Net Assets

$2,434,353

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,716	1.0%
Dividends	$94,915	54.9%
Sales of Assets	$76,304	44.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$108,425	93.0%
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	$2,434,354
Total Liabilities	$1
Net Assets	$2,434,353

Compensation

Key Employees and Officers	Compensation	Other
Nancy Bonnema (Director And President)	$0	$0
Scott Bonnema (Director And Treasurer)	$0	$0
Kevin Bonnema (Director)	$0	$0

990-PF

Filed on Oct. 5, 2020

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2018

Revenue

$69,326

Expenses

$135,006

Net Income

-$65,680

Net Assets

$2,118,875

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,624	2.3%
Dividends	$68,628	99.0%
Sales of Assets	-$926
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$119,925	88.8%
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	$2,118,875
Total Liabilities	$0
Net Assets	$2,118,875

Compensation

Key Employees and Officers	Compensation	Other
Nancy Bonnema (Director And President)	$0	$0
Scott Bonnema (Director And Treasurer)	$0	$0
Kevin Bonnema (Director)	$0	$0

990-PF

Filed on June 17, 2019

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$187,053

Expenses

$131,597

Net Income

$55,456

Net Assets

$2,393,429

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$401	0.2%
Dividends	$68,858	36.8%
Sales of Assets	$117,794	63.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$118,825	90.3%
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	$2,393,429
Total Liabilities	$0
Net Assets	$2,393,429

Compensation

Key Employees and Officers	Compensation	Other
Nancy Bonnema (Director And President)	$0	$0
Scott Bonnema (Director And Treasurer)	$0	$0
Kevin Bonnema (Director)	$0	$0

990-PF

Filed on May 14, 2018

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2016

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.
2015

Revenue

$224,398

Expenses

$134,700

Net Income

$89,698

Net Assets

$2,165,603

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$72	0.0%
Dividends	$61,764	27.5%
Sales of Assets	$162,562	72.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$120,025	89.1%
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	$2,165,603
Total Liabilities	$0
Net Assets	$2,165,603

990-PF

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

PDF

Fiscal Year Ending Dec.
2014

Revenue

$218,498

Expenses

$125,402

Net Income

$93,096

Net Assets

$2,315,535

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$62	0.0%
Dividends	$62,168	28.5%
Sales of Assets	$154,906	70.9%
Other Income	$1,362	0.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$106,775	85.1%
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	$2,315,535
Total Liabilities	$0
Net Assets	$2,315,535

990-PF

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

PDF

Fiscal Year Ending Dec.
2013

Revenue

$174,950

Expenses

$119,478

Net Income

$55,472

Net Assets

$2,321,389

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$104	0.1%
Dividends	$51,046	29.2%
Sales of Assets	$123,665	70.7%
Other Income	$135	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$105,742	88.5%
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	$2,321,389
Total Liabilities	$0
Net Assets	$2,321,389

990-PF

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$62,340

Expenses

$96,560

Net Income

-$34,220

Net Assets

$2,052,301

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$280	0.4%
Dividends	$52,147	83.6%
Sales of Assets	$9,913	15.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$83,116	86.1%
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	$2,052,301
Total Liabilities	$0
Net Assets	$2,052,301

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$39,446

Expenses

$33,784

Net Income

$5,662

Net Assets

$2,005,700

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$346	0.9%
Dividends	$44,662	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$25,000	74.0%
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	$2,007,820
Total Liabilities	$2,120
Net Assets	$2,005,700

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

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.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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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.

Types of Nonprofits

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G2 Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $236k (2024)

Expenses $148k (2024)

Total Assets $2.38M (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

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

Revenue

$236k (2024)

Expenses

$148k (2024)

Total Assets

$2.38M (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