Martinson Foundation

Appleton, MN
Tax-exempt since Sept. 1983
EIN: 41-1454653

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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

$26.8k (2024)

Expenses

$58.7k (2024)

Total Assets

$764k (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 Nov.
2024

Revenue

$26,791

Expenses

$58,729

Net Income

-$31,938

Net Assets

$763,910

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,500	9.3%
Interest Revenue	$5,222	19.5%
Dividends	$16,818	62.8%
Sales of Assets	$2,251	8.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$56,993	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	$763,910
Total Liabilities	$0
Net Assets	$763,910

Compensation

Key Employees and Officers	Compensation	Other
Co Farmers & Merchants State Bank (President)	$0	$0
Co Farmers & Merchants State Bank (Secretary/Tr)	$0	$0

990-PF

Filed on March 16, 2025

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

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Fiscal Year Ending Nov.
2023

Revenue

$31,251

Expenses

$61,186

Net Income

-$29,935

Net Assets

$795,848

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$8,083	25.9%
Dividends	$14,762	47.2%
Sales of Assets	$8,406	26.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$59,529	97.3%
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	$795,848
Total Liabilities	$0
Net Assets	$795,848

Compensation

Key Employees and Officers	Compensation	Other
Co Farmers & Merchants State Bank (President)	$0	$0
Co Farmers & Merchants State Bank (Sec/Treas)	$0	$0

990-PF

Filed on April 9, 2024

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

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XML

Fiscal Year Ending Nov.
2022

Revenue

$44,628

Expenses

$62,764

Net Income

-$18,136

Net Assets

$825,783

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$15,100	33.8%
Interest Revenue	$5,862	13.1%
Dividends	$13,504	30.3%
Sales of Assets	$10,162	22.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$60,741	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	$825,783
Total Liabilities	$0
Net Assets	$825,783

Compensation

Key Employees and Officers	Compensation	Other
Co Farmers & Merchants State Bank (President)	$0	$0
Co Farmers & Merchants State Bank (Sec/Treas)	$0	$0

990-PF

Filed on March 15, 2023

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

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Fiscal Year Ending Nov.
2021

Revenue

$63,730

Expenses

$52,560

Net Income

$11,170

Net Assets

$843,919

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,000	4.7%
Interest Revenue	$5,947	9.3%
Dividends	$12,495	19.6%
Sales of Assets	$42,288	66.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$50,833	96.7%
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	$843,919
Total Liabilities	$0
Net Assets	$843,919

Compensation

Key Employees and Officers	Compensation	Other
Co Farmers & Merchants State Bank (President)	$0	$0
Co Farmers & Merchants State Bank (Sec/Treas)	$0	$0

990-PF

Filed on Jan. 31, 2022

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

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XML

Fiscal Year Ending Nov.
2020

Revenue

$31,453

Expenses

$53,256

Net Income

-$21,803

Net Assets

$832,748

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,000	9.5%
Interest Revenue	$8,416	26.8%
Dividends	$20,037	63.7%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$49,201	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	$832,749
Total Liabilities	$1
Net Assets	$832,748

Compensation

Key Employees and Officers	Compensation	Other
Co Farmers & Merchants State Bank (President)	$0	$0
Co Farmers & Merchants State Bank (Sec/Treas)	$0	$0

990-PF

Filed on March 2, 2021

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

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XML

Fiscal Year Ending Nov.
2019

Revenue

$33,139

Expenses

$52,440

Net Income

-$19,301

Net Assets

$854,551

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$6,000	18.1%
Interest Revenue	$8,719	26.3%
Dividends	$18,420	55.6%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$49,116	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	$854,552
Total Liabilities	$1
Net Assets	$854,551

Compensation

Key Employees and Officers	Compensation	Other
Co Farmers & Merchants State Bank (President)	$0	$0
Co Farmers & Merchants State Bank (Sec/Treas)	$0	$0

990-PF

Filed on Feb. 13, 2020

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

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Fiscal Year Ending Nov.
2018

Revenue

$30,064

Expenses

$53,012

Net Income

-$22,948

Net Assets

$873,853

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$6,126	20.4%
Interest Revenue	$5,962	19.8%
Dividends	$17,976	59.8%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$48,169	90.9%
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	$873,853
Total Liabilities	$0
Net Assets	$873,853

Compensation

Key Employees and Officers	Compensation	Other
Co Farmers & Merchants State Bank (President)	$0	$0
Co Farmers & Merchants State Bank (Sec/Treas)	$0	$0

990-PF

Filed on March 11, 2019

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

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Fiscal Year Ending Nov.
2017

Revenue

$15,763

Expenses

$51,871

Net Income

-$36,108

Net Assets

$896,801

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,500	9.5%
Interest Revenue	$5,230	33.2%
Dividends	$8,188	51.9%
Sales of Assets	$845	5.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$47,193	91.0%
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	$896,801
Total Liabilities	$0
Net Assets	$896,801

Compensation

Key Employees and Officers	Compensation	Other
Co Farmers & Merchants State Bank (President)	$0	$0
Co Farmers & Merchants State Bank (Sec/Treas)	$0	$0

990-PF

Filed on Jan. 31, 2018

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

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Fiscal Year Ending Nov.
2016

Revenue

$21,248

Expenses

$53,505

Net Income

-$32,257

Net Assets

$932,909

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$10,000	47.1%
Interest Revenue	$6,757	31.8%
Dividends	$4,491	21.1%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$48,689	91.0%
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	$932,909
Total Liabilities	$0
Net Assets	$932,909

Compensation

Key Employees and Officers	Compensation	Other
Co Farmers & Merchants State Bank (President)	$0	$0
Co Farmers & Merchants State Bank (Sec/Treas)	$0	$0

990-PF

Filed on March 20, 2017

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

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Fiscal Year Ending Nov.
2015

Revenue

$7,998

Expenses

$54,040

Net Income

-$46,042

Net Assets

$965,166

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$7,998	100%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$49,368	91.4%
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	$965,166
Total Liabilities	$0
Net Assets	$965,166

Compensation

Key Employees and Officers	Compensation	Other
Co Farmers & Merchants State Bank (President)	$0	$0
Co Farmers & Merchants State Bank (Sec/Treas)	$0	$0

990-PF

Filed on Feb. 22, 2016

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

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Fiscal Year Ending Nov.
2014

Revenue

$68,745

Expenses

$53,440

Net Income

$15,305

Net Assets

$1,011,208

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$55,000	80.0%
Interest Revenue	$13,745	20.0%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$48,452	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	$1,011,208
Total Liabilities	$0
Net Assets	$1,011,208

Compensation

Key Employees and Officers	Compensation	Other
Co Farmers & Merchants State Bank C/O F & M Bank (President)	$0	$0
Co Farmers & Merchants State Bank C/O F & M Bank (Sec/Treas)	$0	$0

990-PF

Filed on Feb. 2, 2015

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

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Fiscal Year Ending Nov.
2013

Revenue

$73,606

Expenses

$53,119

Net Income

$20,487

Net Assets

$995,902

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$62,650	85.1%
Interest Revenue	$10,956	14.9%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$48,511	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	$995,903
Total Liabilities	$1
Net Assets	$995,902

990-PF

Filed on April 9, 2014

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

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Fiscal Year Ending Nov.
2012

Revenue

$29,973

Expenses

$54,356

Net Income

-$24,383

Net Assets

$975,415

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$13,490	45.0%
Interest Revenue	$16,483	55.0%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$49,878	91.8%
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	$975,416
Total Liabilities	$1
Net Assets	$975,415

990-PF

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

PDF

Fiscal Year Ending Nov.
2011

Revenue

$26,226

Expenses

$57,570

Net Income

-$31,344

Net Assets

$999,798

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,500	13.3%
Interest Revenue	$22,726	86.7%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$51,127	88.8%
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	$999,799
Total Liabilities	$1
Net Assets	$999,798

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Updated January 26, 2026

Martinson Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $26.8k (2024)

Expenses $58.7k (2024)

Total Assets $764k (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Nov. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$26.8k (2024)

Expenses

$58.7k (2024)

Total Assets

$764k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Nov.
2024

Fiscal Year Ending Nov.
2023

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2022

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2021

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2020

Fiscal Year Ending Nov.
2019

Fiscal Year Ending Nov.
2018

Fiscal Year Ending Nov.
2017

Fiscal Year Ending Nov.
2016

Fiscal Year Ending Nov.
2015

Fiscal Year Ending Nov.
2014

Fiscal Year Ending Nov.
2013

Fiscal Year Ending Nov.
2012

Fiscal Year Ending Nov.
2011

Fiscal Year Ending Nov.
2010

Fiscal Year Ending Nov.
2009

Fiscal Year Ending Nov.
2008

Fiscal Year Ending Nov.
2007

Fiscal Year Ending Nov.
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Fiscal Year Ending Nov.
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