Tozer Foundation Inc

Lake Elmo, MN
Tax-exempt since Sept. 1947
EIN: 41-6011518

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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

$3.66M (2025)

Expenses

$1.12M (2025)

Total Assets

$25.5M (2025)

Total Liabilities

$0 (2025)

Source: Form 990 tax filings from 2011 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 Oct.
2025

Revenue

$3,661,244

Expenses

$1,116,989

Net Income

$2,544,255

Net Assets

$25,461,781

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$768,496	21.0%
Sales of Assets	$2,892,363	79.0%
Other Income	$385	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$937,882	84.0%
Compensation of Officers*	$3,500	0.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$25,461,781
Total Liabilities	$0
Net Assets	$25,461,781

Compensation

Key Employees and Officers	Compensation	Other
Sandra Weaver (Director)	$3,500	$0
Tracey Galowitz (President)	$0	$0
Gretchen M Stein (Vice President)	$0	$0
David Wettergren (Past President)	$0	$0
Catherine Johnson (Secretary)	$0	$0
Douglas N Smith (Treasurer)	$0	$0
Elizabeth A Raleigh (Assistant Treasurer)	$0	$0
Jennifer Anderson (Director)	$0	$0
Scott Mercer (Director)	$0	$0

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990-PF

Filed on Feb. 17, 2026

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Oct.
2024

Revenue

$1,917,556

Expenses

$1,200,954

Net Income

$716,602

Net Assets

$22,957,480

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$771,233	40.2%
Sales of Assets	$1,145,689	59.7%
Other Income	$634	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,075,471	89.6%
Compensation of Officers*	$5,000	0.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$22,957,480
Total Liabilities	$0
Net Assets	$22,957,480

Compensation

Key Employees and Officers	Compensation	Other
Tracey Galowitz (President)	$5,000	$0
Gretchen M Stein (Vice President)	$0	$0
David Wettergren (Past President)	$0	$0
Catherine Bang (Secretary)	$0	$0
Douglas N Smith (Treasurer)	$0	$0
Elizabeth A Raleigh (Assistant Treasurer)	$0	$0
Jennifer Anderson (Director)	$0	$0
Scott Mercer (Director)	$0	$0
Sandra Weaver (Director)	$0	$0

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990-PF

Filed on Feb. 18, 2025

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

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Schedules ▼

PDF XML

Fiscal Year Ending Oct.
2023

Revenue

$514,827

Expenses

$1,573,686

Net Income

-$1,058,859

Net Assets

$22,236,753

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$817,042	> 100%
Sales of Assets	-$313,492
Other Income	$11,277	2.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,456,054	92.5%
Compensation of Officers*	$3,500	0.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$22,236,753
Total Liabilities	$0
Net Assets	$22,236,753

Compensation

Key Employees and Officers	Compensation	Other
Tracey Galowitz (Director)	$3,500	$0
Alan Bernick (President)	$0	$0
Elizabeth A Raleigh (Secretary And Treasurer)	$0	$0
Scott Mercer (Director)	$0	$0
Douglas N Smith (Director)	$0	$0
Gretchen M Stein (Director)	$0	$0
Jeanne Walz (Director)	$0	$0
David Wettergren (Director)	$0	$0

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990-PF

Filed on March 8, 2024

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

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Schedules ▼

PDF XML

Fiscal Year Ending Oct.
2022

Revenue

$945,630

Expenses

$1,321,934

Net Income

-$376,304

Net Assets

$23,295,612

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$100	0.0%
Interest Revenue	$0
Dividends	$789,755	83.5%
Sales of Assets	$143,814	15.2%
Other Income	$11,961	1.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,162,583	87.9%
Compensation of Officers*	$3,500	0.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$23,295,612
Total Liabilities	$0
Net Assets	$23,295,612

Compensation

Key Employees and Officers	Compensation	Other
Tracey Galowitz (Director)	$3,500	$0
Alan Bernick (President)	$0	$0
Elizabeth A Raleigh (Secretary)	$0	$0
Orville Johnson (Director (Through May))	$0	$0
Scott Mercer (Director)	$0	$0
Douglas N Smith (Director)	$0	$0
Gretchen M Stein (Director)	$0	$0
Jeanne Walz (Director)	$0	$0
David Wettergren (Director)	$0	$0

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990-PF

Filed on Jan. 25, 2023

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

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Schedules ▼

PDF XML

Fiscal Year Ending Oct.
2021

Revenue

$1,495,300

Expenses

$1,170,844

Net Income

$324,456

Net Assets

$23,651,585

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$16,200	1.1%
Interest Revenue	$0
Dividends	$615,483	41.2%
Sales of Assets	$862,688	57.7%
Other Income	$929	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,039,515	88.8%
Compensation of Officers*	$3,500	0.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$23,651,585
Total Liabilities	$0
Net Assets	$23,651,585

Compensation

Key Employees and Officers	Compensation	Other
Tracey Galowitz (Director)	$3,500	$0
David Wettergren (President)	$0	$0
Alan Bernick (Vice President)	$0	$0
Elizabeth A Raleigh (Secretary)	$0	$0
Orville Johnson (Director)	$0	$0
Scott Mercer (Director)	$0	$0
Douglas N Smith (Director)	$0	$0
Gretchen M Stein (Director)	$0	$0
Jeanne Walz (Director)	$0	$0

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990-PF

Filed on Feb. 15, 2022

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

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Schedules ▼

PDF XML

Fiscal Year Ending Oct.
2020

Revenue

$751,291

Expenses

$1,156,008

Net Income

-$404,717

Net Assets

$23,309,073

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,520	0.3%
Interest Revenue	$0
Dividends	$620,892	82.6%
Sales of Assets	$126,696	16.9%
Other Income	$1,183	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,047,636	90.6%
Compensation of Officers*	$3,500	0.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$23,309,074
Total Liabilities	$1
Net Assets	$23,309,073

Compensation

Key Employees and Officers	Compensation	Other
Tracey Galowitz (Director)	$3,500	$0
David Wettergren (President)	$0	$0
Alan Bernick (Vice President)	$0	$0
Elizabeth Raleigh Landherr (Secretary)	$0	$0
Orville Johnson (Director)	$0	$0
Scott Mercer (Director)	$0	$0
Douglas N Smith (Director)	$0	$0
Gretchen M Stein (Director)	$0	$0

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990-PF

Filed on March 2, 2021

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

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Schedules ▼

PDF XML

Fiscal Year Ending Oct.
2019

Revenue

$667,276

Expenses

$1,165,169

Net Income

-$497,893

Net Assets

$23,693,255

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,600	0.2%
Interest Revenue	$0
Dividends	$709,820	> 100%
Sales of Assets	$0
Other Income	$60	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,026,535	88.1%
Compensation of Officers*	$3,500	0.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$23,693,256
Total Liabilities	$1
Net Assets	$23,693,255

Compensation

Key Employees and Officers	Compensation	Other
Tracey Galowitz (Director)	$3,500	$0
Alan Bernick (Vice President)	$0	$0
David Wettergren (President)	$0	$0
Douglas N Smith (Director)	$0	$0
Gretchen M Stein (Director)	$0	$0
James R Schug (Director)	$0	$0
Orville Johnson (Director)	$0	$0

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990-PF

Filed on March 11, 2020

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

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Schedules ▼

PDF XML

Fiscal Year Ending Oct.
2018

Revenue

$1,540,840

Expenses

$1,202,299

Net Income

$338,541

Net Assets

$24,168,612

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$693,934	45.0%
Sales of Assets	$846,906	55.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,089,891	90.7%
Compensation of Officers*	$3,500	0.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$24,168,765
Total Liabilities	$153
Net Assets	$24,168,612

Compensation

Key Employees and Officers	Compensation	Other
Tracey Galowitz Attorney At Law (Director)	$3,500	$0
Alan Bernick (Director)	$0	$0
Gretchen M Stein (Director)	$0	$0
James R Schug (Director)	$0	$0
Douglas N Smith (Director)	$0	$0
David Wettergren (Director)	$0	$0
Greg Benson (Director)	$0	$0
Orville Johnson (Director)	$0	$0

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990-PF

Filed on May 20, 2019

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

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Schedules ▼

PDF XML

Fiscal Year Ending Oct.
2017

Revenue

$2,055,512

Expenses

$1,395,167

Net Income

$660,345

Net Assets

$23,837,708

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,000	0.1%
Interest Revenue	$27,083	1.3%
Dividends	$627,061	30.5%
Sales of Assets	$1,397,951	68.0%
Other Income	$1,417	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,263,502	90.6%
Compensation of Officers*	$3,500	0.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$23,837,708
Total Liabilities	$0
Net Assets	$23,837,708

Compensation

Key Employees and Officers	Compensation	Other
Tracey Galowitz Attorney At Law (Director)	$3,500	$0
Alan Bernick (Director)	$0	$0
Gretchen M Stein (Director)	$0	$0
James R Schug (Director)	$0	$0
Douglas N Smith (Director)	$0	$0
David Wettergren (Director)	$0	$0
Greg Benson (Director)	$0	$0
Orville Johnson (Director)	$0	$0

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990-PF

Filed on April 10, 2018

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

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Schedules ▼

PDF XML

Fiscal Year Ending Oct.
2016

Revenue

$552,496

Expenses

$1,447,715

Net Income

-$895,219

Net Assets

$23,190,237

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$524	0.1%
Dividends	$598,445	> 100%
Sales of Assets	-$46,482
Other Income	$9	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,315,759	90.9%
Compensation of Officers*	$3,500	0.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$23,190,237
Total Liabilities	$0
Net Assets	$23,190,237

Compensation

Key Employees and Officers	Compensation	Other
Tracey Galowitz Attorney At Law (Director)	$3,500	$0
Alan Bernick (Director)	$0	$0
Gretchen M Stein (Director)	$0	$0
James R Schug (Director)	$0	$0
Douglas N Smith (Director)	$0	$0
David Wettergren (Director)	$0	$0
Greg Benson (Director)	$0	$0
Orville Johnson (Director)	$0	$0

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990-PF

Filed on June 12, 2017

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

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Schedules ▼

PDF XML

Fiscal Year Ending Oct.
2015

Revenue

$1,945,028

Expenses

$1,516,891

Net Income

$428,137

Net Assets

$24,069,619

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$66	0.0%
Dividends	$658,054	33.8%
Sales of Assets	$1,284,146	66.0%
Other Income	$2,762	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,281,973	84.5%
Compensation of Officers*	$10,500	0.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$24,082,931
Total Liabilities	$13,312
Net Assets	$24,069,619

990-PF

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

PDF

Fiscal Year Ending Oct.
2014

Revenue

$1,999,506

Expenses

$1,522,701

Net Income

$476,805

Net Assets

$23,651,023

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$679,844	34.0%
Dividends	$0
Sales of Assets	$1,265,475	63.3%
Other Income	$54,187	2.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,301,022	85.4%
Compensation of Officers*	$9,000	0.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$23,661,332
Total Liabilities	$10,309
Net Assets	$23,651,023

990-PF

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

PDF

Fiscal Year Ending Oct.
2013

Revenue

$1,727,670

Expenses

$1,401,025

Net Income

$326,645

Net Assets

$23,178,540

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$6,500	0.4%
Interest Revenue	$8	0.0%
Dividends	$694,853	40.2%
Sales of Assets	$1,018,828	59.0%
Other Income	$7,481	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,207,428	86.2%
Compensation of Officers*	$9,000	0.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$23,203,305
Total Liabilities	$24,765
Net Assets	$23,178,540

990-PF

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

PDF

Fiscal Year Ending Oct.
2012

Revenue

$1,082,733

Expenses

$1,454,050

Net Income

-$371,317

Net Assets

$22,850,119

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$485	0.0%
Dividends	$608,745	56.2%
Sales of Assets	$453,356	41.9%
Other Income	$20,147	1.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,309,132	90.0%
Compensation of Officers*	$3,000	0.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$22,853,449
Total Liabilities	$3,330
Net Assets	$22,850,119

990-PF

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

PDF

Fiscal Year Ending Oct.
2011

Revenue

$1,448,914

Expenses

$1,602,166

Net Income

-$153,252

Net Assets

$23,221,738

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$395	0.0%
Interest Revenue	$1,349	0.1%
Dividends	$509,218	35.1%
Sales of Assets	$899,322	62.1%
Other Income	$38,630	2.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,463,106	91.3%
Compensation of Officers*	$3,000	0.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$23,221,738
Total Liabilities	$0
Net Assets	$23,221,738

990-PF

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

PDF

Fiscal Year Ending Oct.
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 Oct.
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

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

PDF

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Tozer Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $3.66M (2025)

Expenses $1.12M (2025)

Total Assets $25.5M (2025)

Total Liabilities $0 (2025)

Tax Filings by Year

Fiscal Year Ending Oct. 2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Oct. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Oct. 2013

Revenue

$3.66M (2025)

Expenses

$1.12M (2025)

Total Assets

$25.5M (2025)

Total Liabilities

$0 (2025)

Fiscal Year Ending Oct.
2025

Fiscal Year Ending Oct.
2024

Fiscal Year Ending Oct.
2023

Fiscal Year Ending Oct.
2022

Fiscal Year Ending Oct.
2021

Fiscal Year Ending Oct.
2020

Fiscal Year Ending Oct.
2019

Fiscal Year Ending Oct.
2018

Fiscal Year Ending Oct.
2017

Fiscal Year Ending Oct.
2016

Fiscal Year Ending Oct.
2015

Fiscal Year Ending Oct.
2014

Fiscal Year Ending Oct.
2013

Fiscal Year Ending Oct.
2012

Fiscal Year Ending Oct.
2011

Fiscal Year Ending Oct.
2010

Fiscal Year Ending Oct.
2009

Fiscal Year Ending Oct.
2008

Fiscal Year Ending Oct.
2007

Fiscal Year Ending Oct.
2006

Fiscal Year Ending Oct.
2005

Fiscal Year Ending Oct.
2004

Fiscal Year Ending Oct.
2003

Fiscal Year Ending Oct.
2002

Fiscal Year Ending Oct.
2001