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The 1040 Foundation

  • Alexandria, VA
  • Tax-exempt since June 2003
  • EIN: 30-6057235

Organization summary

Type of Nonprofit

Designated as a 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.

Summary charts: organization finances over time

Revenue
$197k (2024)

Expenses
$169k (2024)

Total Assets
$1.91M (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

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$196,882
Expenses
$168,625
Net Income
$28,257
Net Assets
$1,912,167
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $4
0.0%
Dividends $94,335
47.9%
Sales of Assets $102,167
51.9%
Other Income $376
0.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $153,568
91.1%
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 $1,912,167
Total Liabilities $0
Net Assets $1,912,167
Compensation
Key Employees and Officers Compensation Other
Rick Koopman (President) $0 $0

Document Links

990-PF
Filed on May 14, 2025

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

View Filing
XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$194,262
Expenses
$168,933
Net Income
$25,329
Net Assets
$1,882,112
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $3
0.0%
Dividends $86,527
44.5%
Sales of Assets $102,540
52.8%
Other Income $5,192
2.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $157,243
93.1%
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 $1,882,112
Total Liabilities $0
Net Assets $1,882,112
Compensation
Key Employees and Officers Compensation Other
Rick Koopman (President) $0 $0

Document Links

990-PF
Filed on July 23, 2024

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

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$122,222
Expenses
$183,596
Net Income
-$61,374
Net Assets
$1,856,453
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1
0.0%
Dividends $66,575
54.5%
Sales of Assets $55,646
45.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $170,461
92.8%
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 $1,856,453
Total Liabilities $0
Net Assets $1,856,453
Compensation
Key Employees and Officers Compensation Other
Rick Koopman (President) $0 $0

Document Links

990-PF
Filed on July 24, 2023

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

View Filing
XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$155,351
Expenses
$153,792
Net Income
$1,559
Net Assets
$1,917,540
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $28
0.0%
Dividends $61,529
39.6%
Sales of Assets $93,669
60.3%
Other Income $125
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $140,487
91.3%
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 $1,917,540
Total Liabilities $0
Net Assets $1,917,540
Compensation
Key Employees and Officers Compensation Other
Rick Koopman (President) $0 $0

Document Links

990-PF
Filed on Aug. 23, 2022

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

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$302,888
Expenses
$150,465
Net Income
$152,423
Net Assets
$1,915,666
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $100,000
33.0%
Interest Revenue $1
0.0%
Dividends $61,976
20.5%
Sales of Assets $140,720
46.5%
Other Income $191
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $138,758
92.2%
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 $1,915,667
Total Liabilities $1
Net Assets $1,915,666
Compensation
Key Employees and Officers Compensation Other
Rick Koopman (President) $0 $0

Document Links

990-PF
Filed on May 12, 2021

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

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$124,599
Expenses
$147,555
Net Income
-$22,956
Net Assets
$1,761,839
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1
0.0%
Dividends $71,120
57.1%
Sales of Assets $61,293
49.2%
Other Income -$7,815
Notable Expenses Percent of Total Expenses
Charitable Disbursements $135,170
91.6%
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 $1,761,839
Total Liabilities $0
Net Assets $1,761,839

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2018

No Extracted Financial Data

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

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2017

No Extracted Financial Data

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

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2016

No Extracted Financial Data

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

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$167,566
Expenses
$132,740
Net Income
$34,826
Net Assets
$1,800,288
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $7,375
4.4%
Dividends $50,827
30.3%
Sales of Assets $107,587
64.2%
Other Income $1,777
1.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $122,336
92.2%
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 $1,800,288
Total Liabilities $0
Net Assets $1,800,288

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$121,850
Expenses
$129,856
Net Income
-$8,006
Net Assets
$1,761,087
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $7,375
6.1%
Dividends $50,130
41.1%
Sales of Assets $52,098
42.8%
Other Income $12,247
10.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $122,043
94.0%
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 $1,761,087
Total Liabilities $0
Net Assets $1,761,087

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$65,063
Expenses
$134,185
Net Income
-$69,122
Net Assets
$1,765,021
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $12,813
19.7%
Dividends $47,830
73.5%
Sales of Assets $3,102
4.8%
Other Income $1,318
2.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $112,081
83.5%
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 $1,765,021
Total Liabilities $0
Net Assets $1,765,021

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$65,217
Expenses
$118,553
Net Income
-$53,336
Net Assets
$1,833,831
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $16,188
24.8%
Dividends $52,490
80.5%
Sales of Assets $0
Other Income $1,294
2.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $111,617
94.1%
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 $1,833,831
Total Liabilities $0
Net Assets $1,833,831

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$68,657
Expenses
$114,736
Net Income
-$46,079
Net Assets
$1,886,852
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $16,188
23.6%
Dividends $52,167
76.0%
Sales of Assets $0
Other Income $465
0.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $107,407
93.6%
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 $1,886,852
Total Liabilities $0
Net Assets $1,886,852

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

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

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

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

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

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

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

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

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

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

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

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

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

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

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

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

Document Links

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.

Which Organizations Are Here?

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

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

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Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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