Harry A & Margaret D Towsley Foundation

Ann Arbor, MI
Tax-exempt since Sept. 1961
EIN: 38-6091798

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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.

Donations to this organization are tax deductible.

Revenue

$7.14M (2024)

Expenses

$3.97M (2024)

Total Assets

$48.9M (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

$7,142,822

Expenses

$3,973,937

Net Income

$3,168,885

Net Assets

$48,887,367

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$178,069	2.5%
Dividends	$1,743,400	24.4%
Sales of Assets	$5,221,353	73.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,804,186	95.7%
Compensation of Officers*	$129,500	3.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$48,887,367
Total Liabilities	$0
Net Assets	$48,887,367

Compensation

Key Employees and Officers	Compensation	Other
Brenda Shellenberger (Treasurer)	$52,500	$0
Anne Cooper (Fdn Manager)	$40,000	$0
Tina S Van Dam (Trustee)	$11,500	$0
David Winston Inglish (President)	$4,000	$0
Heather Koch (Trustee)	$4,000	$0
Stephanie Scheets (Trustee)	$4,000	$0
Jennifer Poteat (Trustee)	$3,500	$0
C Wendell Dunbar (Secretary)	$3,000	$0
Judith D Rumelhart (Former Vp)	$2,500	$0
Sarah Thompson (Trustee)	$2,500	$0
Douglas Inglish (Trustee)	$2,000	$0
Lynn T White (Chairperson)	$0	$0

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990-PF

Filed on April 21, 2025

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$3,420,374

Expenses

$3,266,817

Net Income

$153,557

Net Assets

$45,518,482

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$213,781	6.3%
Dividends	$1,567,728	45.8%
Sales of Assets	$1,638,865	47.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,165,633	96.9%
Compensation of Officers*	$30,000	0.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$45,518,482
Total Liabilities	$0
Net Assets	$45,518,482

Compensation

Key Employees and Officers	Compensation	Other
Brenda Shellenberger (Treasurer)	$30,000	$0
Judith D Rumelhart (Vice Pres)	$0	$0
Jennifer Poteat (Trustee)	$0	$0
David Winston Inglish (President)	$0	$0
Douglas Inglish (Trustee)	$0	$0
Tina S Van Dam (Trustee)	$0	$0
C Wendell Dunbar (Secretary)	$0	$0
Lynn T White (Chairperson)	$0	$0
Heather Koch (Trustee)	$0	$0
Stephanie Scheets (Trustee)	$0	$0
Sarah Thompson (Assoc. Trust)	$0	$0

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990-PF

Filed on May 9, 2024

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$3,641,031

Expenses

$4,370,233

Net Income

-$729,202

Net Assets

$44,864,925

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$24,958	0.7%
Dividends	$1,406,292	38.6%
Sales of Assets	$2,209,781	60.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,254,307	97.3%
Compensation of Officers*	$2,500	0.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$44,864,925
Total Liabilities	$0
Net Assets	$44,864,925

Compensation

Key Employees and Officers	Compensation	Other
Brenda Shellenberger (Controller)	$2,500	$0
Judith D Rumelhart (Vice Pres)	$0	$0
Mary Ivers (Treasurer)	$0	$0
Jennifer Poteat (Trustee)	$0	$0
Margaret E Thompson (Past Trustee)	$0	$0
Steven Riecker (Trustee)	$0	$0
David Winston Inglish (President)	$0	$0
Douglas Inglish (Trustee)	$0	$0
Tina S Van Dam (Trustee)	$0	$0
C Wendell Dunbar (Secretary)	$0	$0
Lynn T White (Trustee)	$0	$0
Heather Koch (Trustee)	$0	$0
Stephanie Thompson (Trustee)	$0	$0

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990-PF

Filed on May 3, 2023

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$6,413,476

Expenses

$3,520,790

Net Income

$2,892,686

Net Assets

$45,594,127

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$421	0.0%
Dividends	$1,382,487	21.6%
Sales of Assets	$5,030,568	78.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,285,323	93.3%
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	$45,594,127
Total Liabilities	$0
Net Assets	$45,594,127

Compensation

Key Employees and Officers	Compensation	Other
Judith D Rumelhart (Vpres/Trustee)	$0	$0
Mary Ivers (Treasurer/Trustee)	$0	$0
Jennifer Poteat (Trustee)	$0	$0
Margaret E Thompson (Trustee)	$0	$0
Steven Riecker (Trustee)	$0	$0
David Winston Inglish (Trustee)	$0	$0
Douglas Inglish (Trustee)	$0	$0
Tina S Van Dam (Trustee)	$0	$0
C Wendell Dunbar (Pres/Trustee)	$0	$0
Lynn T White (Trustee)	$0	$0

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990-PF

Filed on Aug. 23, 2022

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$10,230,143

Expenses

$4,261,933

Net Income

$5,968,210

Net Assets

$42,701,440

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,341,553	13.1%
Sales of Assets	$8,888,590	86.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,088,391	95.9%
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	$42,701,441
Total Liabilities	$1
Net Assets	$42,701,440

Compensation

Key Employees and Officers	Compensation	Other
Judith D Rumelhart (Vpres/Trustee)	$0	$0
Mary Ivers (Treasurer/Trustee)	$0	$0
Jennifer Poteat (Trustee)	$0	$0
Margaret E Thompson (Trustee)	$0	$0
Steven Riecker (Trustee)	$0	$0
David Winston Inglish (Trustee)	$0	$0
Douglas Inglish (Trustee)	$0	$0
Tina S Van Dam (Trustee)	$0	$0
C Wendell Dunbar (Pres/Trustee)	$0	$0
Lynn T White (Trustee)	$0	$0

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990-PF

Filed on Sept. 15, 2021

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$2,765,401

Expenses

$3,251,923

Net Income

-$486,522

Net Assets

$36,724,540

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,600,100	57.9%
Sales of Assets	$1,165,301	42.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,166,565	97.4%
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	$36,724,541
Total Liabilities	$1
Net Assets	$36,724,540

Compensation

Key Employees and Officers	Compensation	Other
Judith D Rumelhart (Vpres/Trustee)	$0	$0
Mary Ivers (Treasurer/Trustee)	$0	$0
Jennifer Poteat (Trustee)	$0	$0
Margaret E Thompson (Trustee)	$0	$0
Steven Riecker (Trustee)	$0	$0
David Winston Inglish (Trustee)	$0	$0
Douglas Inglish (Trustee)	$0	$0
Tina S Van Dam (Trustee)	$0	$0
C Wendell Dunbar (Pres/Trustee)	$0	$0
Lynn T White (Trustee)	$0	$0

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990-PF

Filed on Nov. 3, 2020

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2018

Revenue

$4,383,450

Expenses

$3,510,757

Net Income

$872,693

Net Assets

$36,561,063

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,540,619	35.1%
Sales of Assets	$2,842,831	64.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,392,835	96.6%
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	$36,561,063
Total Liabilities	$0
Net Assets	$36,561,063

Compensation

Key Employees and Officers	Compensation	Other
Judith D Rumelhart (Vpres/Trustee)	$0	$0
Mary Ivers (Treasurer/Trustee)	$0	$0
Jennifer Poteat (Trustee)	$0	$0
Margaret E Thompson (Trustee)	$0	$0
Steven Riecker (Trustee)	$0	$0
David Winston Inglish (Trustee)	$0	$0
Douglas Inglish (Trustee)	$0	$0
Tina S Van Dam (Trustee)	$0	$0
C Wendell Dunbar (Pres/Trustee)	$0	$0
Lynn T White (Trustee)	$0	$0

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990-PF

Filed on Sept. 23, 2019

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

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PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$7,590,365

Expenses

$3,576,799

Net Income

$4,013,566

Net Assets

$35,688,370

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,658,967	21.9%
Sales of Assets	$5,931,398	78.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,462,531	96.8%
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	$35,688,370
Total Liabilities	$0
Net Assets	$35,688,370

Compensation

Key Employees and Officers	Compensation	Other
Judith D Rumelhart (Vpres/Trustee)	$0	$0
Mary Ivers (Treasurer/Trustee)	$0	$0
Jennifer Poteat (Trustee)	$0	$0
Margaret E Thompson (Trustee)	$0	$0
Steven Riecker (Trustee)	$0	$0
David Winston Inglish (Trustee)	$0	$0
Douglas Inglish (Trustee)	$0	$0
Tina S Van Dam (Trustee)	$0	$0
C Wendell Dunbar (Pres/Trustee)	$0	$0
Lynn T White (Trustee)	$0	$0

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990-PF

Filed on Sept. 13, 2018

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2016

Revenue

$6,971,408

Expenses

$3,178,565

Net Income

$3,792,843

Net Assets

$31,673,272

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,596,655	22.9%
Sales of Assets	$5,374,753	77.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,140,128	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	$31,686,387
Total Liabilities	$13,115
Net Assets	$31,673,272

Compensation

Key Employees and Officers	Compensation	Other
Judith D Rumelhart (Vpres/Trustee)	$0	$0
Mary Ivers (Treasurer/Trustee)	$0	$0
Jennifer Poteat (Trustee)	$0	$0
Margaret E Thompson (Trustee)	$0	$0
Steven Riecker (Trustee)	$0	$0
David Winston Inglish (Trustee)	$0	$0
Douglas Inglish (Trustee)	$0	$0
Tina S Van Dam (Trustee)	$0	$0
C Wendell Dunbar (Pres/Trustee)	$0	$0
Lynn T White (Trustee)	$0	$0

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990-PF

Filed on Sept. 11, 2017

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$2,689,190

Expenses

$2,994,062

Net Income

-$304,872

Net Assets

$27,880,429

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$336,802	12.5%
Interest Revenue	$1,232	0.0%
Dividends	$1,533,527	57.0%
Sales of Assets	$817,629	30.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,954,433	98.7%
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	$27,880,429
Total Liabilities	$0
Net Assets	$27,880,429

990-PF

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

PDF

Fiscal Year Ending Dec.
2014

Revenue

$4,907,896

Expenses

$2,738,544

Net Income

$2,169,352

Net Assets

$28,176,176

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,875	0.0%
Dividends	$1,453,433	29.6%
Sales of Assets	$3,442,232	70.1%
Other Income	$10,356	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,412,092	88.1%
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	$28,176,176
Total Liabilities	$0
Net Assets	$28,176,176

990-PF

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

PDF

Fiscal Year Ending Dec.
2013

Revenue

$6,190,137

Expenses

$1,542,426

Net Income

$4,647,711

Net Assets

$26,006,824

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$838	0.0%
Dividends	$1,163,219	18.8%
Sales of Assets	$4,999,614	80.8%
Other Income	$26,466	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,519,580	98.5%
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	$26,006,824
Total Liabilities	$0
Net Assets	$26,006,824

990-PF

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$1,863,158

Expenses

$1,945,606

Net Income

-$82,448

Net Assets

$21,359,113

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$110,923	6.0%
Interest Revenue	$1,020	0.1%
Dividends	$1,505,563	80.8%
Sales of Assets	$220,005	11.8%
Other Income	$25,647	1.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,758,032	90.4%
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	$21,359,113
Total Liabilities	$0
Net Assets	$21,359,113

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$4,794,887

Expenses

$2,436,934

Net Income

$2,357,953

Net Assets

$21,441,561

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$6,300	0.1%
Interest Revenue	$3,050	0.1%
Dividends	$1,022,781	21.3%
Sales of Assets	$3,737,108	77.9%
Other Income	$25,648	0.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,403,509	98.6%
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	$21,441,561
Total Liabilities	$0
Net Assets	$21,441,561

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

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.

Types of Nonprofits

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Harry A & Margaret D Towsley Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $7.14M (2024)

Expenses $3.97M (2024)

Total Assets $48.9M (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

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

Revenue

$7.14M (2024)

Expenses

$3.97M (2024)

Total Assets

$48.9M (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

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001