Saddle Foundation

Ann Arbor, MI
Tax-exempt since May 1997
EIN: 38-3347262

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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

$2.49M (2024)

Expenses

$1.64M (2024)

Total Assets

$9.93M (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

$2,487,912

Expenses

$1,642,834

Net Income

$845,078

Net Assets

$9,929,842

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$30,408	1.2%
Interest Revenue	$1,727	0.1%
Dividends	$636,764	25.6%
Sales of Assets	$1,819,013	73.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,613,554	98.2%
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	$9,929,842
Total Liabilities	$0
Net Assets	$9,929,842

Compensation

Key Employees and Officers	Compensation	Other
Kathryn W Holmes (Director/Pres/Secy/Treas)	$0	$0
Howard Howdy S Holmes (Director/Vice Pres)	$0	$0
Howard S Holmes Ii (Director/Vice Pres)	$0	$0

990-PF

Filed on Sept. 4, 2025

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

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XML

Fiscal Year Ending Dec.
2023

Revenue

$1,716,847

Expenses

$2,061,825

Net Income

-$344,978

Net Assets

$9,084,764

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4,336	0.3%
Dividends	$577,360	33.6%
Sales of Assets	$1,135,151	66.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,016,475	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	$9,084,764
Total Liabilities	$0
Net Assets	$9,084,764

Compensation

Key Employees and Officers	Compensation	Other
Kathryn W Holmes (Director/Pres/Secy/Treas)	$0	$0
Howard Howdy S Holmes (Director/Vice Pres)	$0	$0
Howard S Holmes Ii (Director/Vice Pres)	$0	$0

990-PF

Filed on May 15, 2024

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

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XML

Fiscal Year Ending Dec.
2022

Revenue

$2,099,747

Expenses

$1,267,071

Net Income

$832,676

Net Assets

$9,429,742

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$65,280	3.1%
Interest Revenue	$1,854	0.1%
Dividends	$553,015	26.3%
Sales of Assets	$1,479,598	70.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,240,106	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	$9,429,742
Total Liabilities	$0
Net Assets	$9,429,742

Compensation

Key Employees and Officers	Compensation	Other
Kathryn W Holmes (Director/Pres/Secy/Treas)	$0	$0
Howard Howdy S Holmes (Director/Vice Pres)	$0	$0
Howard S Holmes Ii (Director/Vice Pres)	$0	$0

990-PF

Filed on May 15, 2023

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

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PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$1,588,171

Expenses

$1,124,816

Net Income

$463,355

Net Assets

$8,597,066

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$199,670	12.6%
Interest Revenue	$19	0.0%
Dividends	$613,922	38.7%
Sales of Assets	$774,560	48.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,107,312	98.4%
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	$8,597,066
Total Liabilities	$0
Net Assets	$8,597,066

Compensation

Key Employees and Officers	Compensation	Other
Kathryn W Holmes (Director/Pres/Secy/Treas)	$0	$0
Howard Howdy S Holmes (Director/Vice Pres)	$0	$0
Howard S Holmes Ii (Director/Vice Pres)	$0	$0

990-PF

Filed on May 10, 2022

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

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XML

Fiscal Year Ending Dec.
2020

Revenue

$1,375,304

Expenses

$979,307

Net Income

$395,997

Net Assets

$8,133,710

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$52,623	3.8%
Interest Revenue	$69	0.0%
Dividends	$498,668	36.3%
Sales of Assets	$823,944	59.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$961,275	98.2%
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	$8,133,711
Total Liabilities	$1
Net Assets	$8,133,710

Compensation

Key Employees and Officers	Compensation	Other
Kathryn W Holmes (Director/Pres/Secy/Treas)	$0	$0
Howard Howdy S Holmes (Director/Vice Pres)	$0	$0
Howard S Holmes Ii (Director/Vice Pres)	$0	$0

990-PF

Filed on May 17, 2021

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

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XML

Fiscal Year Ending Dec.
2019

Revenue

$1,344,844

Expenses

$743,070

Net Income

$601,774

Net Assets

$7,737,713

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$161,116	12.0%
Interest Revenue	$779	0.1%
Dividends	$528,706	39.3%
Sales of Assets	$654,243	48.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$696,848	93.8%
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	$7,737,714
Total Liabilities	$1
Net Assets	$7,737,713

Compensation

Key Employees and Officers	Compensation	Other
Kathryn W Holmes (Director/Pres/Secy/Treas)	$0	$0
Howard Howdy S Holmes (Director/Vice Pres)	$0	$0
Howard S Holmes Ii (Director/Vice Pres)	$0	$0

990-PF

Filed on April 27, 2020

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

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PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$1,843,312

Expenses

$741,773

Net Income

$1,101,539

Net Assets

$7,135,940

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$131,917	7.2%
Interest Revenue	$911	0.0%
Dividends	$493,422	26.8%
Sales of Assets	$1,217,062	66.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$710,645	95.8%
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	$7,135,940
Total Liabilities	$0
Net Assets	$7,135,940

Compensation

Key Employees and Officers	Compensation	Other
Kathryn W Holmes (Director/Pres/Secy/Treas)	$0	$0
Howard Howdy S Holmes (Director/Vice Pres)	$0	$0
Howard S Holmes Ii (Director)	$0	$0

990-PF

Filed on Aug. 15, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$1,864,794

Expenses

$935,662

Net Income

$929,132

Net Assets

$6,034,401

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$143,194	7.7%
Interest Revenue	$154	0.0%
Dividends	$459,540	24.6%
Sales of Assets	$1,261,906	67.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$899,377	96.1%
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	$6,034,401
Total Liabilities	$0
Net Assets	$6,034,401

Compensation

Key Employees and Officers	Compensation	Other
Kathryn W Holmes (Director/Pres/Secy/Treas)	$0	$0
Howard Howdy S Holmes (Director/Vice Pres)	$0	$0
Howard S Holmes Ii (Director)	$0	$0

990-PF

Filed on Aug. 14, 2018

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

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Fiscal Year Ending Dec.
2016

Revenue

$1,283,103

Expenses

$748,901

Net Income

$534,202

Net Assets

$5,105,269

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$175,487	13.7%
Interest Revenue	$15	0.0%
Dividends	$429,275	33.5%
Sales of Assets	$678,326	52.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$731,229	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	$5,105,269
Total Liabilities	$0
Net Assets	$5,105,269

Compensation

Key Employees and Officers	Compensation	Other
Kathryn W Holmes (Director/Pres/Secy/Treas)	$0	$0
Howard Howdy S Holmes (Director/Vice Pres)	$0	$0
Howard S Holmes Ii (Director)	$0	$0

990-PF

Filed on May 12, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$930,255

Expenses

$708,440

Net Income

$221,815

Net Assets

$4,575,355

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$69,272	7.4%
Interest Revenue	$9	0.0%
Dividends	$414,278	44.5%
Sales of Assets	$446,696	48.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$679,839	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	$4,575,355
Total Liabilities	$0
Net Assets	$4,575,355

Compensation

Key Employees and Officers	Compensation	Other
Kathryn W Holmes (Director/Pres/Secy/Treas)	$0	$0
Howard Howdy S Holmes (Director/Vice Pres)	$0	$0
Howard S Holmes Ii (Director)	$0	$0

990-PF

Filed on May 11, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$2,359,808

Expenses

$2,276,741

Net Income

$83,067

Net Assets

$4,380,141

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$68,758	2.9%
Interest Revenue	$11	0.0%
Dividends	$351,784	14.9%
Sales of Assets	$1,939,255	82.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,250,129	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	$4,380,141
Total Liabilities	$0
Net Assets	$4,380,141

Compensation

Key Employees and Officers	Compensation	Other
Howard Howdy S Holmes (Director/Vice Pres)	$0	$0
Erik H Serr (Director)	$0	$0
Kathryn W Holmes (Director/Pres/Secy/Treas)	$0	$0
Howard S Holmes Ii (Director)	$0	$0

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990-PF

Filed on May 20, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$1,152,992

Expenses

$722,369

Net Income

$430,623

Net Assets

$4,297,074

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$55,526	4.8%
Interest Revenue	$34	0.0%
Dividends	$311,952	27.1%
Sales of Assets	$785,480	68.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$664,680	92.0%
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	$4,297,074
Total Liabilities	$0
Net Assets	$4,297,074

Compensation

Key Employees and Officers	Compensation	Other
Howard Howdy S Holmes (Director/Vice Pres)	$0	$0
Erik H Serr (Director)	$0	$0
Kathryn W Holmes (Director/Pres/Secy/Treas)	$0	$0
Howard S Holmes Ii (Director/Vice Pres)	$0	$0

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990-PF

Filed on May 15, 2014

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

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Fiscal Year Ending Dec.
2012

Revenue

$1,964,214

Expenses

$659,543

Net Income

$1,304,671

Net Assets

$3,840,002

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$57,942	2.9%
Interest Revenue	$207	0.0%
Dividends	$299,550	15.3%
Sales of Assets	$1,606,515	81.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$654,290	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	$3,840,003
Total Liabilities	$1
Net Assets	$3,840,002

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$340,300

Expenses

$637,807

Net Income

-$297,507

Net Assets

$2,535,332

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$44,645	13.1%
Interest Revenue	$146	0.0%
Dividends	$261,895	77.0%
Sales of Assets	$33,614	9.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$597,436	93.7%
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	$2,535,332
Total Liabilities	$0
Net Assets	$2,535,332

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

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Saddle Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $2.49M (2024)

Expenses $1.64M (2024)

Total Assets $9.93M (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

$2.49M (2024)

Expenses

$1.64M (2024)

Total Assets

$9.93M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

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2023

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2022

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2020

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2019

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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

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