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Forty One Foundation

David B & Patricia M Ripsom Ttee
  • Greenville, DE
  • Tax-exempt since Dec. 2015
  • EIN: 38-7127320

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 Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$18.1k (2025)

Expenses
$34.7k (2025)

Total Assets
$318k (2025)

Total Liabilities
$0 (2025)

Source: Form 990 tax filings from 2014 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 Dec.
2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$18,063
Expenses
$34,676
Net Income
-$16,613
Net Assets
$317,860
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $6
0.0%
Dividends $9,582
53.0%
Sales of Assets $8,475
46.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $30,979
89.3%
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 $317,860
Total Liabilities $0
Net Assets $317,860
Compensation
Key Employees and Officers Compensation Other
David B Ripsom (Trustee) $0 $0
Patricia M Ripsom (Trustee) $0 $0
Megan Ripsom Richards (Trustee) $0 $0
Matthew Ripsom (Trustee) $0 $0
Maureen Mcaleenan (Trustee) $0 $0
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Document Links

990-PF
Filed on Feb. 2, 2026

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

View Filing
XML

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$29,520
Expenses
$11,673
Net Income
$17,847
Net Assets
$334,473
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $45
0.2%
Dividends $8,896
30.1%
Sales of Assets $20,579
69.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $8,494
72.8%
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 $334,473
Total Liabilities $0
Net Assets $334,473
Compensation
Key Employees and Officers Compensation Other
David B Ripsom (Trustee) $0 $0
Patricia M Ripsom (Trustee) $0 $0
Megan Ripsom Richards (Trustee) $0 $0
Matthew Ripsom (Trustee) $0 $0
Maureen Mcaleenan (Trustee) $0 $0
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Document Links

990-PF
Filed on Feb. 10, 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
$10,758
Expenses
$19,272
Net Income
-$8,514
Net Assets
$316,626
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $32
0.3%
Dividends $8,298
77.1%
Sales of Assets $2,428
22.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $16,117
83.6%
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 $316,626
Total Liabilities $0
Net Assets $316,626
Compensation
Key Employees and Officers Compensation Other
David B Ripsom (Trustee) $0 $0
Patricia M Ripsom (Trustee) $0 $0
Megan Ripsom Richards (Trustee) $0 $0
Matthew Ripsom (Trustee) $0 $0
Maureen Mcaleenan (Trustee) $0 $0
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Document Links

990-PF
Filed on Feb. 13, 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
$2,049
Expenses
$28,016
Net Income
-$25,967
Net Assets
$325,140
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $10
0.5%
Dividends $6,327
> 100%
Sales of Assets -$4,288
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $25,416
90.7%
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 $325,140
Total Liabilities $0
Net Assets $325,140
Compensation
Key Employees and Officers Compensation Other
David B Ripsom (Trustee) $0 $0
Patricia M Ripsom (Trustee) $0 $0
Megan Ripsom Richards (Trustee) $0 $0
Matthew Ripsom (Trustee) $0 $0
Maureen Mcaleenan (Trustee) $0 $0
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Document Links

990-PF
Filed on Feb. 14, 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
$15,068
Expenses
$35,925
Net Income
-$20,857
Net Assets
$351,107
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1
0.0%
Dividends $6,641
44.1%
Sales of Assets $8,426
55.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $31,318
87.2%
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 $351,107
Total Liabilities $0
Net Assets $351,107
Compensation
Key Employees and Officers Compensation Other
David B Ripsom (Trustee) $0 $0
Patricia M Ripsom (Trustee) $0 $0
Megan Ripsom Richards (Trustee) $0 $0
Matthew Ripsom (Trustee) $0 $0
Maureen Mcaleenan (Trustee) $0 $0
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Document Links

990-PF
Filed on May 9, 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
$20,645
Expenses
$24,749
Net Income
-$4,104
Net Assets
$371,963
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $4
0.0%
Dividends $5,318
25.8%
Sales of Assets $15,320
74.2%
Other Income $3
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $21,375
86.4%
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 $371,964
Total Liabilities $1
Net Assets $371,963
Compensation
Key Employees and Officers Compensation Other
David B Ripsom (Trustee) $0 $0
Patricia M Ripsom (Trustee) $0 $0
Megan Ripsom Richards (Trustee) $0 $0
Matthew Ripsom (Trustee) $0 $0
Maureen Mcaleenan (Trustee) $0 $0
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Document Links

990-PF
Filed on May 5, 2021

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$17,390
Expenses
$33,108
Net Income
-$15,718
Net Assets
$376,067
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $55
0.3%
Dividends $7,715
44.4%
Sales of Assets $9,620
55.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $29,492
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 $376,068
Total Liabilities $1
Net Assets $376,067
Compensation
Key Employees and Officers Compensation Other
David B Ripsom (Trustee) $0 $0
Patricia M Ripsom (Trustee) $0 $0
Megan Ripsom Richards (Trustee) $0 $0
Matthew Ripsom (Trustee) $0 $0
Maureen Mcaleenan (Trustee) $0 $0
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Document Links

990-PF
Filed on July 14, 2020

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

View Filing
XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$32,296
Expenses
$25,379
Net Income
$6,917
Net Assets
$391,296
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $10,222
31.7%
Interest Revenue $31
0.1%
Dividends $8,248
25.5%
Sales of Assets $13,795
42.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $22,219
87.5%
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 $391,296
Total Liabilities $0
Net Assets $391,296
Compensation
Key Employees and Officers Compensation Other
David B Ripsom (Trustee) $0 $0
Patricia M Ripsom (Trustee) $0 $0
Megan Ripsom Richards (Trustee) $0 $0
Matthew Ripsom (Trustee) $0 $0
Maureen Mcaleenan (Trustee) $0 $0
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Document Links

990-PF
Filed on May 15, 2019

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$17,600
Expenses
$24,865
Net Income
-$7,265
Net Assets
$384,379
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $16
0.1%
Dividends $5,266
29.9%
Sales of Assets $11,349
64.5%
Other Income $969
5.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $20,262
81.5%
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 $384,379
Total Liabilities $0
Net Assets $384,379
Compensation
Key Employees and Officers Compensation Other
David B Ripsom (Trustee) $0 $0
Patricia M Ripsom (Trustee) $0 $0

Document Links

990-PF
Filed on May 15, 2018

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$213,847
Expenses
$26,063
Net Income
$187,784
Net Assets
$391,644
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $203,753
95.3%
Interest Revenue $0
Dividends $4,667
2.2%
Sales of Assets $4,769
2.2%
Other Income $658
0.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $21,898
84.0%
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 $391,644
Total Liabilities $0
Net Assets $391,644
Compensation
Key Employees and Officers Compensation Other
David B Ripsom (Trustee) $0 $0
Patricia M Ripsom (Trustee) $0 $0

Document Links

990-PF
Filed on Aug. 14, 2017

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$11,896
Expenses
$15,515
Net Income
-$3,619
Net Assets
$203,860
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $2,367
19.9%
Sales of Assets $9,246
77.7%
Other Income $283
2.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $14,700
94.7%
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 $203,860
Total Liabilities $0
Net Assets $203,860

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
$207,479
Expenses
$0
Net Income
$207,479
Net Assets
$207,479
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $207,479
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $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 $207,479
Total Liabilities $0
Net Assets $207,479

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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