Russell B Hagen Foundation

Lakeland Shrs, MN
Tax-exempt since July 1999
EIN: 41-1941194

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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 / Corporate Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$154k (2023)

Expenses

$77.2k (2023)

Total Assets

$2.14M (2023)

Total Liabilities

$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

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.
2023

Revenue

$153,933

Expenses

$77,210

Net Income

$76,723

Net Assets

$2,142,008

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$14,000	9.1%
Interest Revenue	$0
Dividends	$129,252	84.0%
Sales of Assets	$1,061	0.7%
Other Income	$9,620	6.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$52,000	67.3%
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	$2,142,008
Total Liabilities	$0
Net Assets	$2,142,008

Compensation

Key Employees and Officers	Compensation	Other
Russell B Hagen (President And Treasurer)	$0	$0
Alexander L Hagen (Officer)	$0	$0
Erin G Hubbard (Officer)	$0	$0

990-PF

Filed on May 21, 2024

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

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Fiscal Year Ending Dec.
2022

Revenue

$184,343

Expenses

$120,821

Net Income

$63,522

Net Assets

$2,065,285

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$50,000	27.1%
Interest Revenue	$0
Dividends	$124,496	67.5%
Sales of Assets	$1,855	1.0%
Other Income	$7,992	4.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$84,000	69.5%
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	$2,065,285
Total Liabilities	$0
Net Assets	$2,065,285

Compensation

Key Employees and Officers	Compensation	Other
Russell B Hagen (President And Treasurer)	$0	$0
Alexander L Hagen (Officer)	$0	$0
Erin G Hubbard (Officer)	$0	$0

990-PF

Filed on June 16, 2023

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

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Fiscal Year Ending Dec.
2021

Revenue

$107,437

Expenses

$55,169

Net Income

$52,268

Net Assets

$2,001,763

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$9,289	8.6%
Interest Revenue	$0
Dividends	$92,793	86.4%
Sales of Assets	-$2,099
Other Income	$7,454	6.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$39,000	70.7%
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	$2,001,763
Total Liabilities	$0
Net Assets	$2,001,763

Compensation

Key Employees and Officers	Compensation	Other
Russell B Hagen (President And Treasurer)	$0	$0
Alexander L Hagen (Officer)	$0	$0
Erin G Hubbard (Officer)	$0	$0

990-PF

Filed on June 28, 2022

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

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Fiscal Year Ending Dec.
2020

Revenue

$117,776

Expenses

$60,272

Net Income

$57,504

Net Assets

$1,949,494

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$10,000	8.5%
Interest Revenue	$0
Dividends	$96,328	81.8%
Sales of Assets	$5,747	4.9%
Other Income	$5,701	4.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$44,500	73.8%
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	$1,949,495
Total Liabilities	$1
Net Assets	$1,949,494

Compensation

Key Employees and Officers	Compensation	Other
Russell B Hagen (President And Treasurer)	$0	$0
Alexander L Hagen (Officer)	$0	$0
Erin G Hubbard (Officer)	$0	$0

990-PF

Filed on Nov. 12, 2021

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

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Fiscal Year Ending Dec.
2019

Revenue

$119,694

Expenses

$245,890

Net Income

-$126,196

Net Assets

$1,891,990

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$110,089	92.0%
Sales of Assets	$2,946	2.5%
Other Income	$6,659	5.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$222,000	90.3%
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	$1,891,991
Total Liabilities	$1
Net Assets	$1,891,990

Compensation

Key Employees and Officers	Compensation	Other
Russell B Hagen (President And Treasurer)	$0	$0
Alexander L Hagen (Officer)	$0	$0
Erin G Hubbard (Officer)	$0	$0

990-PF

Filed on Nov. 10, 2020

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

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Fiscal Year Ending Dec.
2018

Revenue

$183,982

Expenses

$206,050

Net Income

-$22,068

Net Assets

$2,018,187

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$85,000	46.2%
Interest Revenue	$0
Dividends	$125,469	68.2%
Sales of Assets	-$29,732
Other Income	$3,245	1.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$179,480	87.1%
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	$2,018,187
Total Liabilities	$0
Net Assets	$2,018,187

Compensation

Key Employees and Officers	Compensation	Other
Russell B Hagen (President And Treasurer)	$0	$0
Alexander L Hagen (Officer)	$0	$0
Erin G Hubbard (Officer)	$0	$0

990-PF

Filed on Nov. 11, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$142,271

Expenses

$148,170

Net Income

-$5,899

Net Assets

$2,040,255

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$10,000	7.0%
Interest Revenue	$0
Dividends	$129,498	91.0%
Sales of Assets	$2,773	1.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$122,000	82.3%
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	$2,040,255
Total Liabilities	$0
Net Assets	$2,040,255

Compensation

Key Employees and Officers	Compensation	Other
Russell B Hagen (President And Treasurer)	$0	$0
Alexander L Hagen (Officer)	$0	$0
Erin G Hubbard (Officer)	$0	$0

990-PF

Filed on Oct. 15, 2018

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

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Fiscal Year Ending Dec.
2016

Revenue

$222,795

Expenses

$164,806

Net Income

$57,989

Net Assets

$2,046,154

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$42,353	19.0%
Interest Revenue	$11,574	5.2%
Dividends	$160,788	72.2%
Sales of Assets	$8,080	3.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$136,500	82.8%
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	$2,046,154
Total Liabilities	$0
Net Assets	$2,046,154

Compensation

Key Employees and Officers	Compensation	Other
Russell B Hagen (President And Treasurer)	$0	$0
Alexander L Hagen (Officer)	$0	$0
Erin G Hubbard (Officer)	$0	$0

990-PF

Filed on Nov. 15, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$185,266

Expenses

$163,390

Net Income

$21,876

Net Assets

$1,988,165

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$15,033	8.1%
Dividends	$158,562	85.6%
Sales of Assets	$11,671	6.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$144,000	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	$1,988,165
Total Liabilities	$0
Net Assets	$1,988,165

Compensation

Key Employees and Officers	Compensation	Other
Russell B Hagen (President And Treasurer)	$0	$0
Alexander L Hagen (Officer)	$0	$0
Erin G Hubbard (Officer)	$0	$0

990-PF

Filed on Nov. 8, 2016

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Fiscal Year Ending Dec.
2014

Revenue

-$434,507

Expenses

$690,194

Net Income

-$1,124,701

Net Assets

$1,966,289

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,279
Dividends	$160,486
Sales of Assets	-$602,361
Other Income	$6,089

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$676,660	98.0%
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	$1,966,289
Total Liabilities	$0
Net Assets	$1,966,289

Compensation

Key Employees and Officers	Compensation	Other
Russell B Hagen (President And Treasurer)	$0	$0
Alexander L Hagen (Officer)	$0	$0
Erin G Hubbard (Officer)	$0	$0

990-PF

Filed on Nov. 6, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$234,359

Expenses

$338,469

Net Income

-$104,110

Net Assets

$3,090,990

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$20,608	8.8%
Dividends	$143,124	61.1%
Sales of Assets	$55,562	23.7%
Other Income	$15,065	6.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$317,000	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	$3,090,990
Total Liabilities	$0
Net Assets	$3,090,990

Compensation

Key Employees and Officers	Compensation	Other
Russell B Hagen (President And Treasurer)	$0	$0
Alexander L Hagen (Officer)	$0	$0
Erin G Hubbard (Officer)	$0	$0

990-PF

Filed on Nov. 14, 2014

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

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Fiscal Year Ending Dec.
2012

Revenue

$250,999

Expenses

$221,792

Net Income

$29,207

Net Assets

$3,195,099

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$45,681	18.2%
Dividends	$141,591	56.4%
Sales of Assets	$41,305	16.5%
Other Income	$22,422	8.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$178,000	80.3%
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	$3,195,100
Total Liabilities	$1
Net Assets	$3,195,099

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$624,567

Expenses

$53,350

Net Income

$571,217

Net Assets

$3,165,892

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$66,501	10.6%
Interest Revenue	$55,186	8.8%
Dividends	$143,268	22.9%
Sales of Assets	$342,911	54.9%
Other Income	$16,701	2.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$30,000	56.2%
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	$3,165,893
Total Liabilities	$1
Net Assets	$3,165,892

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

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Russell B Hagen Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $154k (2023)

Expenses $77.2k (2023)

Total Assets $2.14M (2023)

Total Liabilities $0 (2023)

Tax Filings by Year

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

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$154k (2023)

Expenses

$77.2k (2023)

Total Assets

$2.14M (2023)

Total Liabilities

$0 (2023)

Fiscal Year Ending Dec.
2023

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2022

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