Cft Foundation

Mason City, IA
Tax-exempt since July 2001
EIN: 42-1519192

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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

$3.05M (2024)

Expenses

$109k (2024)

Total Assets

$7.34M (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

$3,051,093

Expenses

$108,580

Net Income

$2,942,513

Net Assets

$7,343,540

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,800	0.1%
Interest Revenue	$1,189	0.0%
Dividends	$29,740	1.0%
Sales of Assets	$3,016,364	98.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$46,800	43.1%
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	$7,343,540
Total Liabilities	$0
Net Assets	$7,343,540

Compensation

Key Employees and Officers	Compensation	Other
Jill C Thoreson (President)	$0	$0
Joseph D Thoreson (Vice Preside)	$0	$0
Erika Tristan (Secretary)	$0	$0
Kirk Thoreson (Treasurer)	$0	$0

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990-PF

Filed on July 15, 2025

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2023

Revenue

$384,650

Expenses

$267,055

Net Income

$117,595

Net Assets

$4,401,026

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,972	0.5%
Dividends	$19,059	5.0%
Sales of Assets	$363,619	94.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$218,114	81.7%
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	$4,401,026
Total Liabilities	$0
Net Assets	$4,401,026

Compensation

Key Employees and Officers	Compensation	Other
Jill C Thoreson (President)	$0	$0
Joseph D Thoreson (Vice Preside)	$0	$0
Erika Tristan (Secretary)	$0	$0
Kirk Thoreson (Treasurer)	$0	$0

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990-PF

Filed on Nov. 12, 2024

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2022

Revenue

$214,477

Expenses

$540,185

Net Income

-$325,708

Net Assets

$4,283,432

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,849	0.9%
Dividends	$26,403	12.3%
Sales of Assets	$186,225	86.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$465,500	86.2%
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	$4,283,432
Total Liabilities	$0
Net Assets	$4,283,432

Compensation

Key Employees and Officers	Compensation	Other
Jill C Thoreson (President)	$0	$0
Joseph D Thoreson (Vice Preside)	$0	$0
Erika Tristan (Secretary)	$0	$0
Kirk Thoreson (Treasurer)	$0	$0

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990-PF

Filed on July 31, 2023

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

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Fiscal Year Ending Dec.
2021

Revenue

$1,470,561

Expenses

$518,711

Net Income

$951,850

Net Assets

$4,609,140

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$321	0.0%
Dividends	$22,423	1.5%
Sales of Assets	$1,447,817	98.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$430,800	83.1%
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	$4,609,140
Total Liabilities	$0
Net Assets	$4,609,140

Compensation

Key Employees and Officers	Compensation	Other
Jill C Thoreson (President)	$0	$0
Joseph D Thoreson (Vice Preside)	$0	$0
Erika Tristan (Secretary)	$0	$0
Kirk Thoreson (Treasurer)	$0	$0

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990-PF

Filed on May 19, 2022

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$863,824

Expenses

$325,951

Net Income

$537,873

Net Assets

$3,657,298

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,111	0.2%
Dividends	$12,034	1.4%
Sales of Assets	$849,679	98.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$279,500	85.7%
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	$3,657,299
Total Liabilities	$1
Net Assets	$3,657,298

Compensation

Key Employees and Officers	Compensation	Other
Jill C Thoreson (President)	$0	$0
Joseph D Thoreson (Vice Preside)	$0	$0
Erika Tristan (Secretary)	$0	$0
Kirk Thoreson (Treasurer)	$0	$0

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990-PF

Filed on May 13, 2021

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$658,909

Expenses

$225,118

Net Income

$433,791

Net Assets

$3,119,425

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$263,000	39.9%
Interest Revenue	$922	0.1%
Dividends	$14,252	2.2%
Sales of Assets	$378,739	57.5%
Other Income	$1,996	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$189,110	84.0%
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	$3,119,426
Total Liabilities	$1
Net Assets	$3,119,425

Compensation

Key Employees and Officers	Compensation	Other
Jill C Thoreson (President)	$0	$0
Joseph D Thoreson (Vice Preside)	$0	$0
Erika Tristan (Secretary)	$0	$0
Kirk Thoreson (Treasurer)	$0	$0

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990-PF

Filed on July 8, 2020

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

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Schedules ▼

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Fiscal Year Ending Dec.
2018

Revenue

$195,477

Expenses

$348,674

Net Income

-$153,197

Net Assets

$2,685,635

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$48,000	24.6%
Interest Revenue	$1,378	0.7%
Dividends	$13,368	6.8%
Sales of Assets	$132,731	67.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$285,746	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	$2,685,635
Total Liabilities	$0
Net Assets	$2,685,635

Compensation

Key Employees and Officers	Compensation	Other
Jill C Thoreson (President)	$0	$0
Joseph D Thoreson (Vice Preside)	$0	$0
Erika Tristan (Secretary)	$0	$0
Kirk Thoreson (Treasurer)	$0	$0

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990-PF

Filed on Oct. 9, 2019

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

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Schedules ▼

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Fiscal Year Ending Dec.
2017

Revenue

$637,868

Expenses

$274,666

Net Income

$363,202

Net Assets

$2,838,832

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$100,000	15.7%
Interest Revenue	$572	0.1%
Dividends	$11,484	1.8%
Sales of Assets	$525,812	82.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$215,400	78.4%
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	$2,838,832
Total Liabilities	$0
Net Assets	$2,838,832

Compensation

Key Employees and Officers	Compensation	Other
Jill C Thoreson (President)	$0	$0
Joseph D Thoreson (Vice Preside)	$0	$0
Erika Tristan (Secretary)	$0	$0
Kirk Thoreson (Treasurer)	$0	$0

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990-PF

Filed on May 11, 2018

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$234,121

Expenses

$119,453

Net Income

$114,668

Net Assets

$2,475,630

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$188	0.1%
Interest Revenue	$377	0.2%
Dividends	$10,398	4.4%
Sales of Assets	$223,158	95.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$76,427	64.0%
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	$2,475,630
Total Liabilities	$0
Net Assets	$2,475,630

Compensation

Key Employees and Officers	Compensation	Other
Jill C Thoreson (President)	$0	$0
Joseph D Thoreson (Vice Preside)	$0	$0
Erika Tristan (Secretary)	$0	$0
Kirk Thoreson (Treasurer)	$0	$0

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990-PF

Filed on April 28, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$376,340

Expenses

$173,200

Net Income

$203,140

Net Assets

$2,360,962

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$232,085	61.7%
Interest Revenue	$414	0.1%
Dividends	$9,998	2.7%
Sales of Assets	$133,843	35.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$124,579	71.9%
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	$2,360,962
Total Liabilities	$0
Net Assets	$2,360,962

Compensation

Key Employees and Officers	Compensation	Other
Edwin A Crowell (President)	$0	$0
Jill C Thoreson (Vice Preside)	$0	$0
Joseph D Thoreson (Treasurer)	$0	$0
Mary J Crowell (Secretary)	$0	$0

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990-PF

Filed on Aug. 9, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$350,473

Expenses

$149,546

Net Income

$200,927

Net Assets

$2,157,822

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$124,464	35.5%
Interest Revenue	$698	0.2%
Dividends	$7,849	2.2%
Sales of Assets	$217,462	62.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$107,160	71.7%
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	$2,157,822
Total Liabilities	$0
Net Assets	$2,157,822

Compensation

Key Employees and Officers	Compensation	Other
Edwin A Crowell (President)	$0	$0
Jill C Thoreson (Vice Preside)	$0	$0
Joseph D Thoreson (Treasurer)	$0	$0
Mary J Crowell (Secretary)	$0	$0

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990-PF

Filed on May 11, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$425,106

Expenses

$119,259

Net Income

$305,847

Net Assets

$1,956,895

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$220,000	51.8%
Interest Revenue	$682	0.2%
Dividends	$15,503	3.6%
Sales of Assets	$188,921	44.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$83,300	69.8%
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	$1,956,895
Total Liabilities	$0
Net Assets	$1,956,895

Compensation

Key Employees and Officers	Compensation	Other
Edwin A Crowell (President)	$0	$0
Jill C Thoreson (Vice Preside)	$0	$0
Joseph D Thoreson (Treasurer)	$0	$0
Mary J Crowell (Secretary)	$0	$0

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990-PF

Filed on May 30, 2014

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

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Schedules ▼

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Fiscal Year Ending Dec.
2012

Revenue

$230,858

Expenses

$78,544

Net Income

$152,314

Net Assets

$1,651,047

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$68,000	29.5%
Interest Revenue	$570	0.2%
Dividends	$8,606	3.7%
Sales of Assets	$153,682	66.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$51,294	65.3%
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	$1,651,048
Total Liabilities	$1
Net Assets	$1,651,047

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$130,000

Expenses

$204,851

Net Income

-$74,851

Net Assets

$1,498,733

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$100,000	76.9%
Interest Revenue	$917	0.7%
Dividends	$3,969	3.1%
Sales of Assets	$25,049	19.3%
Other Income	$65	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$180,917	88.3%
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	$1,498,734
Total Liabilities	$1
Net Assets	$1,498,733

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

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.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

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.

Types of Nonprofits

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Cft Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $3.05M (2024)

Expenses $109k (2024)

Total Assets $7.34M (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

$3.05M (2024)

Expenses

$109k (2024)

Total Assets

$7.34M (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