Larsen Foundation Inc

Morristown, NJ
Tax-exempt since Nov. 1996
EIN: 31-1482756

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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

$716k (2025)

Expenses

$1.14M (2025)

Total Assets

$2.16M (2025)

Total Liabilities

$0 (2025)

Years with missing data

Source: Form 990 tax filings from 2011 to 2025

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 Sept.
2025

Revenue

$716,079

Expenses

$1,142,405

Net Income

-$426,326

Net Assets

$2,162,072

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$25,000	3.5%
Interest Revenue	$0
Dividends	$174,272	24.3%
Sales of Assets	$516,807	72.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,136,050	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	$2,162,072
Total Liabilities	$0
Net Assets	$2,162,072

Compensation

Key Employees and Officers	Compensation	Other
Dorothy M Larsen (President/Trustee)	$0	$0
Garret W Larsen (Co Vice President/Trustee)	$0	$0
Karen Larsen Verblaauw (Co Vice President/Trustee)	$0	$0
Kristen Larsen Dries (Co Vice President/Trustee)	$0	$0

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990-PF

Filed on Jan. 13, 2026

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Sept.
2024

Revenue

$705,670

Expenses

$455,637

Net Income

$250,033

Net Assets

$2,588,398

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$176,230	25.0%
Sales of Assets	$529,440	75.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$431,860	94.8%
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	$2,588,398
Total Liabilities	$0
Net Assets	$2,588,398

Compensation

Key Employees and Officers	Compensation	Other
Dorothy M Larsen (President/Trustee)	$0	$0
Garret W Larsen (Co Vice President/Trustee)	$0	$0
Karen Larsen Verblaauw (Co Vice President/Trustee)	$0	$0
Kristen Larsen Dries (Co Vice President/Trustee)	$0	$0

+ View more people

990-PF

Filed on Feb. 12, 2025

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Sept.
2023

Revenue

$1,014,818

Expenses

$1,636,111

Net Income

-$621,293

Net Assets

$2,338,366

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$179,065	17.6%
Sales of Assets	$835,753	82.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,634,611	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	$2,338,366
Total Liabilities	$0
Net Assets	$2,338,366

Compensation

Key Employees and Officers	Compensation	Other
Dorothy M Larsen (President/Trustee)	$0	$0
Garret W Larsen (Co Vice President/Trustee)	$0	$0
Karen Larsen Verblaauw (Co Vice President/Trustee)	$0	$0
Kristen Larsen Dries (Co Vice President/Trustee)	$0	$0

+ View more people

990-PF

Filed on Jan. 16, 2024

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Sept.
2022

Revenue

$851,961

Expenses

$1,267,392

Net Income

-$415,431

Net Assets

$2,959,659

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$174,077	20.4%
Sales of Assets	$677,884	79.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,240,487	97.9%
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	$2,959,659
Total Liabilities	$0
Net Assets	$2,959,659

Compensation

Key Employees and Officers	Compensation	Other
Dorothy M Larsen (President/Trustee)	$0	$0
Garret W Larsen (Co Vice President/Trustee)	$0	$0
Karen Larsen Verblaauw (Co Vice President/Trustee)	$0	$0
Kristen Larsen Dries (Co Vice President/Trustee)	$0	$0

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990-PF

Filed on Feb. 7, 2023

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Sept.
2021

Revenue

$1,114,133

Expenses

$1,517,321

Net Income

-$403,188

Net Assets

$3,375,090

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$186,289	16.7%
Sales of Assets	$927,844	83.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,471,556	97.0%
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	$3,375,091
Total Liabilities	$1
Net Assets	$3,375,090

Compensation

Key Employees and Officers	Compensation	Other
Dorothy M Larsen (President/Trustee)	$0	$0
Garret W Larsen (Co Vice President/Trustee)	$0	$0
Karen Larsen Verblaauw (Co Vice President/Trustee)	$0	$0
Kristen Larsen Dries (Co Vice President/Trustee)	$0	$0

+ View more people

990-PF

Filed on Dec. 15, 2021

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Sept.
2020

Revenue

$1,527,058

Expenses

$1,825,400

Net Income

-$298,342

Net Assets

$3,778,281

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$207,241	13.6%
Sales of Assets	$1,319,817	86.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,810,650	99.2%
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	$3,778,282
Total Liabilities	$1
Net Assets	$3,778,281

Compensation

Key Employees and Officers	Compensation	Other
Dorothy M Larsen (President/Trustee)	$0	$0
Garret W Larsen (Co Vice President/Trustee)	$0	$0
Karen Larsen Verblaauw (Co Vice President/Trustee)	$0	$0
Kristen Larsen Dries (Co Vice President/Trustee)	$0	$0

+ View more people

990-PF

Filed on Feb. 3, 2021

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Sept.
2019

Revenue

$253,348

Expenses

$1,168,722

Net Income

-$915,374

Net Assets

$4,076,625

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$237,391	93.7%
Sales of Assets	$15,957	6.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,147,028	98.1%
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	$4,076,625
Total Liabilities	$0
Net Assets	$4,076,625

990-PF

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

PDF

Fiscal Year Ending Sept.
2018

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 Sept.
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 Sept.
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 Sept.
2015

Revenue

$414,940

Expenses

$837,426

Net Income

-$422,486

Net Assets

$8,605,688

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$414,935	100.0%
Sales of Assets	$5	0.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$819,165	97.8%
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	$8,605,688
Total Liabilities	$0
Net Assets	$8,605,688

990-PF

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

PDF

Fiscal Year Ending Sept.
2014

Revenue

$626,270

Expenses

$532,083

Net Income

$94,187

Net Assets

$9,028,174

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$397,198	63.4%
Sales of Assets	$229,072	36.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$516,122	97.0%
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	$9,028,174
Total Liabilities	$0
Net Assets	$9,028,174

990-PF

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

PDF

Fiscal Year Ending Sept.
2013

Revenue

$377,165

Expenses

$411,996

Net Income

-$34,831

Net Assets

$8,933,987

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$369,419	97.9%
Sales of Assets	$7,746	2.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$408,998	99.3%
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	$8,933,987
Total Liabilities	$0
Net Assets	$8,933,987

990-PF

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

PDF

Fiscal Year Ending Sept.
2012

Revenue

$302,264

Expenses

$296,362

Net Income

$5,902

Net Assets

$8,968,818

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$335,465	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$284,476	96.0%
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	$8,968,818
Total Liabilities	$0
Net Assets	$8,968,818

990-PF

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

PDF

Fiscal Year Ending Sept.
2011

Revenue

$502,480

Expenses

$182,668

Net Income

$319,812

Net Assets

$8,962,916

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$132,366	26.3%
Interest Revenue	$0
Dividends	$311,115	61.9%
Sales of Assets	$58,954	11.7%
Other Income	$45	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$168,875	92.4%
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	$8,962,916
Total Liabilities	$0
Net Assets	$8,962,916

990-PF

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

PDF

Fiscal Year Ending Sept.
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 Sept.
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

Fiscal Year Ending Sept.
2008

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 Sept.
2007

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 Sept.
2006

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 Sept.
2005

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 Sept.
2004

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 Sept.
2003

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 Sept.
2002

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 Sept.
2001

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

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

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Updated March 23, 2026

Larsen Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $716k (2025)

Expenses $1.14M (2025)

Total Assets $2.16M (2025)

Total Liabilities $0 (2025)

Tax Filings by Year

Fiscal Year Ending Sept. 2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Sept. 2018

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Sept. 2017

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Sept. 2016

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Sept. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Sept. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Sept. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Sept. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Revenue

$716k (2025)

Expenses

$1.14M (2025)

Total Assets

$2.16M (2025)

Total Liabilities

$0 (2025)

Fiscal Year Ending Sept.
2025

Fiscal Year Ending Sept.
2024

Fiscal Year Ending Sept.
2023

Fiscal Year Ending Sept.
2022

Fiscal Year Ending Sept.
2021

Fiscal Year Ending Sept.
2020

Fiscal Year Ending Sept.
2019

Fiscal Year Ending Sept.
2018

Fiscal Year Ending Sept.
2017

Fiscal Year Ending Sept.
2016

Fiscal Year Ending Sept.
2015

Fiscal Year Ending Sept.
2014

Fiscal Year Ending Sept.
2013

Fiscal Year Ending Sept.
2012

Fiscal Year Ending Sept.
2011

Fiscal Year Ending Sept.
2010

Fiscal Year Ending Sept.
2009

Fiscal Year Ending Sept.
2008

Fiscal Year Ending Sept.
2007

Fiscal Year Ending Sept.
2006

Fiscal Year Ending Sept.
2005

Fiscal Year Ending Sept.
2004

Fiscal Year Ending Sept.
2003

Fiscal Year Ending Sept.
2002

Fiscal Year Ending Sept.
2001