Lyman & Wilma Wakefield Family Foundation Cmm 78022101

Glencoe, MN
Tax-exempt since Dec. 2002
EIN: 41-6494372

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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 / Public Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$90k (2024)

Expenses

$76.8k (2024)

Total Assets

$465k (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 Dec.
2024

Revenue

$90,041

Expenses

$76,785

Net Income

$13,256

Net Assets

$464,504

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,766	2.0%
Dividends	$19,048	21.2%
Sales of Assets	$69,227	76.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$72,539	94.5%
Compensation of Officers*	$5,880	7.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$464,504
Total Liabilities	$0
Net Assets	$464,504

Compensation

Key Employees and Officers	Compensation	Other
Security Bank Trust Co (Trustee)	$4,196	$0
Sonny F Miller (Co Trustee)	$1,684	$0
Gerald P Brost (Co Trustee)	$0	$0

990-PF

Filed on May 6, 2025

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

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Fiscal Year Ending Dec.
2023

Revenue

$38,320

Expenses

$47,537

Net Income

-$9,217

Net Assets

$451,248

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,680	7.0%
Dividends	$16,368	42.7%
Sales of Assets	$19,272	50.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$43,686	91.9%
Compensation of Officers*	$5,372	11.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$451,248
Total Liabilities	$0
Net Assets	$451,248

Compensation

Key Employees and Officers	Compensation	Other
Security Bank Trust Co (Trustee)	$3,851	$0
Sonny F Miller (Co Trustee)	$1,521	$0
Gerald P Brost (Co Trustee)	$0	$0

990-PF

Filed on May 13, 2024

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

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Fiscal Year Ending Dec.
2022

Revenue

$16,553

Expenses

$52,796

Net Income

-$36,243

Net Assets

$460,465

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3,042	18.4%
Dividends	$14,094	85.1%
Sales of Assets	-$583
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$46,967	89.0%
Compensation of Officers*	$5,732	10.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$460,465
Total Liabilities	$0
Net Assets	$460,465

Compensation

Key Employees and Officers	Compensation	Other
Security Bank Trust Co (Trustee)	$4,055	$0
Sonny F Miller (Co Trustee)	$1,677	$0
Gerald P Brost (Co Trustee)	$0	$0

990-PF

Filed on May 2, 2023

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

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Fiscal Year Ending Dec.
2021

Revenue

$88,526

Expenses

$50,789

Net Income

$37,737

Net Assets

$496,708

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3,110	3.5%
Dividends	$11,568	13.1%
Sales of Assets	$73,848	83.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$45,266	89.1%
Compensation of Officers*	$5,889	11.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$496,708
Total Liabilities	$0
Net Assets	$496,708

Compensation

Key Employees and Officers	Compensation	Other
Security Bank Trust Co (Trustee)	$4,353	$0
Sonny F Miller (Co Trustee)	$1,536	$0
Gerald P Brost (Co Trustee)	$0	$0

990-PF

Filed on May 2, 2022

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

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XML

Fiscal Year Ending Dec.
2020

Revenue

$43,931

Expenses

$48,217

Net Income

-$4,286

Net Assets

$458,947

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$5,574	12.7%
Dividends	$9,257	21.1%
Sales of Assets	$29,100	66.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$44,057	91.4%
Compensation of Officers*	$5,098	10.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$458,948
Total Liabilities	$1
Net Assets	$458,947

Compensation

Key Employees and Officers	Compensation	Other
Security Bank Trust Co (Trustee)	$3,771	$0
Sonny F Miller (Co Trustee)	$1,327	$0
Gerald P Brost (Co Trustee)	$0	$0

990-PF

Filed on April 27, 2021

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

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Fiscal Year Ending Dec.
2019

Revenue

$42,427

Expenses

$52,651

Net Income

-$10,224

Net Assets

$463,233

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$7,338	17.3%
Dividends	$9,581	22.6%
Sales of Assets	$25,508	60.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$48,637	92.4%
Compensation of Officers*	$5,259	10.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$463,234
Total Liabilities	$1
Net Assets	$463,233

Compensation

Key Employees and Officers	Compensation	Other
Security Bank Trust Co (Trustee)	$3,797	$0
Sonny F Miller (Co Trustee)	$1,462	$0
Gerald P Brost (Co Trustee)	$0	$0

990-PF

Filed on April 27, 2020

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

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Fiscal Year Ending Dec.
2018

Revenue

$11,755

Expenses

$44,533

Net Income

-$32,778

Net Assets

$473,458

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3,547	30.2%
Dividends	$10,785	91.7%
Sales of Assets	-$2,577
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$40,168	90.2%
Compensation of Officers*	$5,912	13.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$473,458
Total Liabilities	$0
Net Assets	$473,458

Compensation

Key Employees and Officers	Compensation	Other
Security Bank Trust Co (Trustee)	$3,919	$0
Sonny F Miller (Co Trustee)	$1,993	$0
Gerald P Brost (Co Trustee)	$0	$0

990-PF

Filed on May 1, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$26,165

Expenses

$43,478

Net Income

-$17,313

Net Assets

$506,236

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,463	9.4%
Dividends	$11,354	43.4%
Sales of Assets	$12,348	47.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$39,357	90.5%
Compensation of Officers*	$6,084	14.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$506,236
Total Liabilities	$0
Net Assets	$506,236

Compensation

Key Employees and Officers	Compensation	Other
Security Bank Trust Co (Trustee)	$3,852	$0
Sonny F Miller (Co Trustee)	$2,232	$0
William R Hibbs (Co Trustee)	$0	$0
Gerald P Brost (Co Trustee)	$0	$0

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990-PF

Filed on May 10, 2018

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

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Fiscal Year Ending Dec.
2016

Revenue

$30,574

Expenses

$45,921

Net Income

-$15,347

Net Assets

$523,549

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,497	4.9%
Dividends	$13,210	43.2%
Sales of Assets	$15,867	51.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$42,016	91.5%
Compensation of Officers*	$6,593	14.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$523,549
Total Liabilities	$0
Net Assets	$523,549

Compensation

Key Employees and Officers	Compensation	Other
Security Bank Trust Co (Trustee)	$3,652	$0
William R Hibbs (Co Trustee)	$1,764	$0
Sonny F Miller (Co Trustee)	$1,177	$0
Gerald P Brost (Co Trustee)	$0	$0

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990-PF

Filed on May 12, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$13,817

Expenses

$43,221

Net Income

-$29,404

Net Assets

$538,896

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,267	9.2%
Dividends	$11,349	82.1%
Sales of Assets	$1,201	8.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$39,251	90.8%
Compensation of Officers*	$7,452	17.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$538,896
Total Liabilities	$0
Net Assets	$538,896

Compensation

Key Employees and Officers	Compensation	Other
William R Hibbs (Co Trustee)	$3,726	$0
Security Bank Trust Co (Trustee)	$3,726	$0
Gerald P Brost (Co Trustee)	$0	$0

990-PF

Filed on May 11, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

-$4,023

Expenses

$46,008

Net Income

-$50,031

Net Assets

$568,300

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$769
Dividends	$13,533
Sales of Assets	-$19,472
Other Income	$1,147

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$42,140	91.6%
Compensation of Officers*	$7,660	16.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$568,300
Total Liabilities	$0
Net Assets	$568,300

Compensation

Key Employees and Officers	Compensation	Other
William R Hibbs (Co Trustee)	$3,830	$0
Security Bank Trust Co (Trustee)	$3,830	$0
Gerald P Brost (Co Trustee)	$0	$0

990-PF

Filed on May 13, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$14,168

Expenses

$38,833

Net Income

-$24,665

Net Assets

$618,331

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$63	0.4%
Dividends	$12,922	91.2%
Sales of Assets	$1,183	8.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$32,433	83.5%
Compensation of Officers*	$7,156	18.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$618,331
Total Liabilities	$0
Net Assets	$618,331

Compensation

Key Employees and Officers	Compensation	Other
Bank Of America Na (Trustee Thru August 2013)	$4,992	$0
William R Hibbs (Co Trustee)	$1,082	$0
Security Bank Trust Co (Trustee Start Sept 2013)	$1,082	$0
Gerald P Brost (Co Trustee)	$0	$0

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990-PF

Filed on Nov. 17, 2014

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

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Fiscal Year Ending Dec.
2012

Revenue

$90,757

Expenses

$38,239

Net Income

$52,518

Net Assets

$642,996

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$16,519	18.2%
Sales of Assets	$74,238	81.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$32,873	86.0%
Compensation of Officers*	$5,754	15.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$642,996
Total Liabilities	$0
Net Assets	$642,996

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$58,821

Expenses

$39,824

Net Income

$18,997

Net Assets

$591,376

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$20,375	34.6%
Sales of Assets	$38,044	64.7%
Other Income	$402	0.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$37,020	93.0%
Compensation of Officers*	$5,648	14.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$591,376
Total Liabilities	$0
Net Assets	$591,376

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

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Updated March 23, 2026

Lyman & Wilma Wakefield Family Foundation Cmm 78022101

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $90k (2024)

Expenses $76.8k (2024)

Total Assets $465k (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

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

Revenue

$90k (2024)

Expenses

$76.8k (2024)

Total Assets

$465k (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.
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Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
2002