Morsman Family Foundation

Wayzata, MN
Tax-exempt since July 2001
EIN: 41-2008689

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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 Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$167k (2024)

Expenses

$45.6k (2024)

Total Assets

$486k (2024)

Total Liabilities

$0 (2024)

Years with missing data

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

$167,047

Expenses

$45,591

Net Income

$121,456

Net Assets

$485,987

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$16,220	9.7%
Sales of Assets	$150,805	90.3%
Other Income	$22	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$36,275	79.6%
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	$485,987
Total Liabilities	$0
Net Assets	$485,987

Compensation

Key Employees and Officers	Compensation	Other
Amy S Morsman (President/Treasurer)	$0	$0
Jeffrey H Morsman (Vp/Secretary/Asst. Treasurer)	$0	$0
Edgar M Morsman Jr (Director)	$0	$0
Elizabeth H Morsman (Director)	$0	$0
James C Morsman (Director)	$0	$0
Angela Peyton Morsman (Director)	$0	$0

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990-PF

Filed on March 27, 2025

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$67,396

Expenses

$46,814

Net Income

$20,582

Net Assets

$364,531

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$17,166	25.5%
Sales of Assets	$50,230	74.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$37,975	81.1%
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	$364,531
Total Liabilities	$0
Net Assets	$364,531

Compensation

Key Employees and Officers	Compensation	Other
Amy S Morsman (President/Treasurer)	$0	$0
Jeffrey H Morsman (Vp/Secretary/Asst. Treasurer)	$0	$0
Edgar M Morsman Jr (Director)	$0	$0
Elizabeth H Morsman (Director)	$0	$0
James C Morsman (Director)	$0	$0
Angela Peyton Morsman (Director)	$0	$0

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990-PF

Filed on March 27, 2024

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2022

Revenue

$51,886

Expenses

$48,851

Net Income

$3,035

Net Assets

$343,949

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$16,120	31.1%
Sales of Assets	$35,766	68.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$40,425	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	$343,949
Total Liabilities	$0
Net Assets	$343,949

Compensation

Key Employees and Officers	Compensation	Other
Amy S Morsman (President/Treasurer)	$0	$0
Jeffrey H Morsman (Vp/Secretary/Asst. Treasurer)	$0	$0
Edgar M Morsman Jr (Director)	$0	$0
Elizabeth H Morsman (Director)	$0	$0
James C Morsman (Director)	$0	$0
Angela Peyton Morsman (Director)	$0	$0

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990-PF

Filed on March 24, 2023

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$28,105

Expenses

$42,711

Net Income

-$14,606

Net Assets

$340,914

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$15,667	55.7%
Sales of Assets	$12,438	44.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$34,350	80.4%
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	$340,914
Total Liabilities	$0
Net Assets	$340,914

Compensation

Key Employees and Officers	Compensation	Other
Edgar M Morsman Jr (President/Secretary/Treasurer)	$0	$0
Elizabeth H Morsman (Vice President)	$0	$0
Jeffrey H Morsman (Vice President)	$0	$0
Amy S Morsman (Director)	$0	$0
James C Morsman (Director)	$0	$0
Angela Peyton Morsman (Director)	$0	$0

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990-PF

Filed on March 9, 2022

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$33,573

Expenses

$38,526

Net Income

-$4,953

Net Assets

$355,519

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$15,052	44.8%
Sales of Assets	$18,448	54.9%
Other Income	$73	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$31,600	82.0%
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	$355,520
Total Liabilities	$1
Net Assets	$355,519

Compensation

Key Employees and Officers	Compensation	Other
Edgar M Morsman Jr (President/Secretary/Treasurer)	$0	$0
Elizabeth H Morsman (Vice President)	$0	$0
Jeffrey H Morsman (Vice President)	$0	$0
Amy S Morsman (Director)	$0	$0
James C Morsman (Director)	$0	$0
Angela Peyton Morsman (Director)	$0	$0

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990-PF

Filed on March 25, 2021

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$20,551

Expenses

$39,256

Net Income

-$18,705

Net Assets

$360,473

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$15,305	74.5%
Sales of Assets	$4,817	23.4%
Other Income	$429	2.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$31,300	79.7%
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	$360,473
Total Liabilities	$0
Net Assets	$360,473

990-PF

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

PDF

Fiscal Year Ending Dec.
2018

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

PDF

Fiscal Year Ending Dec.
2017

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

PDF

Fiscal Year Ending Dec.
2016

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

PDF

Fiscal Year Ending Dec.
2015

Revenue

$51,567

Expenses

$30,075

Net Income

$21,492

Net Assets

$367,154

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$14,765	28.6%
Sales of Assets	$36,678	71.1%
Other Income	$124	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$23,710	78.8%
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	$367,154
Total Liabilities	$0
Net Assets	$367,154

990-PF

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

PDF

Fiscal Year Ending Dec.
2014

Revenue

$40,797

Expenses

$31,145

Net Income

$9,652

Net Assets

$345,662

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$13,402	32.9%
Sales of Assets	$27,395	67.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$25,299	81.2%
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	$345,662
Total Liabilities	$0
Net Assets	$345,662

990-PF

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

PDF

Fiscal Year Ending Dec.
2013

Revenue

$17,621

Expenses

$25,860

Net Income

-$8,239

Net Assets

$336,010

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$11,651	66.1%
Sales of Assets	$5,970	33.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$20,790	80.4%
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	$336,010
Total Liabilities	$0
Net Assets	$336,010

990-PF

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$14,604

Expenses

$24,127

Net Income

-$9,523

Net Assets

$344,249

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$13,676	93.6%
Sales of Assets	$537	3.7%
Other Income	$391	2.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$19,429	80.5%
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	$344,249
Total Liabilities	$0
Net Assets	$344,249

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$17,837

Expenses

$23,001

Net Income

-$5,164

Net Assets

$353,772

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$11,468	64.3%
Sales of Assets	$6,369	35.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$18,675	81.2%
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	$353,772
Total Liabilities	$0
Net Assets	$353,772

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

PDF

Fiscal Year Ending Dec.
2009

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

PDF

Fiscal Year Ending Dec.
2008

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

PDF

Fiscal Year Ending Dec.
2007

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

PDF

Fiscal Year Ending Dec.
2006

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

PDF

Fiscal Year Ending Dec.
2005

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

PDF

Fiscal Year Ending Dec.
2004

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

PDF

Fiscal Year Ending Dec.
2003

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

PDF

Fiscal Year Ending Dec.
2002

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

PDF

Fiscal Year Ending Dec.
2001

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

PDF

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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.

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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.

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Updated March 23, 2026

Morsman Family Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $167k (2024)

Expenses $45.6k (2024)

Total Assets $486k (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

Document Links

990-PF

Fiscal Year Ending Dec. 2018

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2017

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2016

No Extracted Financial Data

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

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

Revenue

$167k (2024)

Expenses

$45.6k (2024)

Total Assets

$486k (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