Towle Family Foundation

Greenwood Vlg, CO
Tax-exempt since June 1998
EIN: 43-1800405

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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 / Named Trusts/Foundations N.E.C. (NTEE)

Donations to this organization are tax deductible.

Revenue

$46.6M (2024)

Expenses

$1.64M (2024)

Total Assets

$90.6M (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 Sept.
2024

Revenue

$46,640,796

Expenses

$1,639,049

Net Income

$45,001,747

Net Assets

$90,601,740

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$45,007,621	96.5%
Interest Revenue	$8,275	0.0%
Dividends	$375,834	0.8%
Sales of Assets	$1,249,066	2.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,618,004	98.7%
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	$90,601,740
Total Liabilities	$0
Net Assets	$90,601,740

Compensation

Key Employees and Officers	Compensation	Other
Christopher D Towle (President)	$0	$0
Perry E Towle (Secretary)	$0	$0
Laura H Towle (Treasurer)	$0	$0

990-PF

Filed on Aug. 14, 2025

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

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Schedules ▼

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Fiscal Year Ending Sept.
2023

Revenue

$1,831,508

Expenses

$2,733,504

Net Income

-$901,996

Net Assets

$41,691,565

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,802,533	> 100%
Interest Revenue	$67,528	3.7%
Dividends	$0
Sales of Assets	-$1,127,222
Other Income	$88,669	4.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,125,000	77.7%
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	$41,691,565
Total Liabilities	$0
Net Assets	$41,691,565

Compensation

Key Employees and Officers	Compensation	Other
Christopher D Towle (President)	$0	$0
Perry E Towle (Secretary)	$0	$0
Laura H Towle (Treasurer)	$0	$0

990-PF

Filed on Feb. 13, 2024

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

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Schedules ▼

PDF XML

Fiscal Year Ending Sept.
2022

Revenue

$8,041,177

Expenses

$271,094

Net Income

$7,770,083

Net Assets

$42,593,561

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$7,657,404	95.2%
Interest Revenue	$9,722	0.1%
Dividends	$31,863	0.4%
Sales of Assets	$339,579	4.2%
Other Income	$2,609	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$250,000	92.2%
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	$42,593,561
Total Liabilities	$0
Net Assets	$42,593,561

Compensation

Key Employees and Officers	Compensation	Other
Christopher D Towle (President)	$0	$0
Perry E Towle (Secretary)	$0	$0
Laura Towle (Treasurer)	$0	$0
J Ellwood Towle (Director)	$0	$0

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990-PF

Filed on Feb. 14, 2023

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

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Schedules ▼

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Fiscal Year Ending Sept.
2021

Revenue

$15,082,419

Expenses

$1,102,313

Net Income

$13,980,106

Net Assets

$34,823,478

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$15,078,384	100.0%
Interest Revenue	$40	0.0%
Dividends	$19,694	0.1%
Sales of Assets	-$15,699
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,100,000	99.8%
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	$34,823,478
Total Liabilities	$0
Net Assets	$34,823,478

Compensation

Key Employees and Officers	Compensation	Other
J Ellwood Towle (President)	$0	$0
Christopher D Towle (Treasurer)	$0	$0
Perry E Towle (Secretary)	$0	$0

990-PF

Filed on Jan. 6, 2022

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

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XML

Fiscal Year Ending Sept.
2020

Revenue

$464,235

Expenses

$1,130,610

Net Income

-$666,375

Net Assets

$20,843,370

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$512,920	> 100%
Interest Revenue	$4	0.0%
Dividends	$196,771	42.4%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,110,000	98.2%
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	$20,843,371
Total Liabilities	$1
Net Assets	$20,843,370

Compensation

Key Employees and Officers	Compensation	Other
J Ellwood Towle (President)	$0	$0
Christopher D Towle (Secy Treas)	$0	$0

990-PF

Filed on Dec. 3, 2020

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

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Fiscal Year Ending Sept.
2019

Revenue

$2,138,745

Expenses

$1,256,370

Net Income

$882,375

Net Assets

$21,510,370

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$385,249	18.0%
Interest Revenue	$0
Dividends	$0
Sales of Assets	$1,715,976	80.2%
Other Income	$37,520	1.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,204,235	95.9%
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	$21,510,371
Total Liabilities	$1
Net Assets	$21,510,370

Compensation

Key Employees and Officers	Compensation	Other
J Ellwood Towle (President)	$0	$0
Christopher D Towle (Secy Treas)	$0	$0

990-PF

Filed on Jan. 27, 2020

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

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Fiscal Year Ending Sept.
2018

Revenue

$6,323,522

Expenses

$1,141,449

Net Income

$5,182,073

Net Assets

$20,627,996

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,551,600	24.5%
Interest Revenue	$0
Dividends	$53,219	0.8%
Sales of Assets	$4,711,233	74.5%
Other Income	$7,470	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,137,009	99.6%
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	$20,627,996
Total Liabilities	$0
Net Assets	$20,627,996

Compensation

Key Employees and Officers	Compensation	Other
J Ellwood Towle (President)	$0	$0
Christopher D Towle (Secy Treas)	$0	$0

990-PF

Filed on Dec. 18, 2018

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

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Fiscal Year Ending Sept.
2017

Revenue

$724,704

Expenses

$844,837

Net Income

-$120,133

Net Assets

$15,445,923

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$662,762	91.5%
Interest Revenue	$0
Dividends	$0
Sales of Assets	$61,942	8.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$834,723	98.8%
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	$15,445,923
Total Liabilities	$0
Net Assets	$15,445,923

Compensation

Key Employees and Officers	Compensation	Other
J Ellwood Towle (President)	$0	$0
Christopher D Towle (Secy Treas)	$0	$0

990-PF

Filed on Jan. 19, 2018

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

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Fiscal Year Ending Sept.
2016

Revenue

$1,105,304

Expenses

$917,477

Net Income

$187,827

Net Assets

$15,566,056

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$362,050	32.8%
Interest Revenue	$0
Dividends	$0
Sales of Assets	$741,639	67.1%
Other Income	$1,615	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$914,591	99.7%
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	$15,566,056
Total Liabilities	$0
Net Assets	$15,566,056

Compensation

Key Employees and Officers	Compensation	Other
J Ellwood Towle (President)	$0	$0
Christopher D Towle (Secy Treas)	$0	$0

990-PF

Filed on Nov. 23, 2016

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

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Fiscal Year Ending Sept.
2015

Revenue

$307,476

Expenses

$906,695

Net Income

-$599,219

Net Assets

$15,378,228

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$285,936	93.0%
Interest Revenue	$1	0.0%
Dividends	$0
Sales of Assets	$21,539	7.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$887,971	97.9%
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	$15,378,228
Total Liabilities	$0
Net Assets	$15,378,228

Compensation

Key Employees and Officers	Compensation	Other
J Ellwood Towle (President)	$0	$0
Christopher D Towle (Secy Treas)	$0	$0

990-PF

Filed on Nov. 18, 2015

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

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Fiscal Year Ending Sept.
2014

Revenue

$1,709,521

Expenses

$686,507

Net Income

$1,023,014

Net Assets

$15,977,447

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$925,425	54.1%
Interest Revenue	$23	0.0%
Dividends	$0
Sales of Assets	$781,598	45.7%
Other Income	$2,475	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$570,662	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	$15,977,447
Total Liabilities	$0
Net Assets	$15,977,447

Compensation

Key Employees and Officers	Compensation	Other
J Ellwood Towle (President)	$0	$0
Christopher D Towle (Secy Treas)	$0	$0

990-PF

Filed on Dec. 23, 2014

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

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Fiscal Year Ending Sept.
2013

Revenue

$5,624,529

Expenses

$586,855

Net Income

$5,037,674

Net Assets

$14,954,432

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$155,841	2.8%
Interest Revenue	$35	0.0%
Dividends	$137,084	2.4%
Sales of Assets	$5,331,569	94.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$489,311	83.4%
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	$14,954,433
Total Liabilities	$1
Net Assets	$14,954,432

990-PF

Filed on April 6, 2014

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

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Fiscal Year Ending Sept.
2012

Revenue

$616,343

Expenses

$641,840

Net Income

-$25,497

Net Assets

$9,916,759

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$230,549	37.4%
Interest Revenue	$20	0.0%
Dividends	$124,892	20.3%
Sales of Assets	$260,882	42.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$520,849	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	$9,974,635
Total Liabilities	$57,876
Net Assets	$9,916,759

990-PF

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

PDF

Fiscal Year Ending Sept.
2011

Revenue

$2,059,918

Expenses

$583,860

Net Income

$1,476,058

Net Assets

$9,942,256

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$125,536	6.1%
Interest Revenue	$0
Dividends	$101,884	4.9%
Sales of Assets	$1,832,498	89.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$428,430	73.4%
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	$9,942,256
Total Liabilities	$0
Net Assets	$9,942,256

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

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Towle Family Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $46.6M (2024)

Expenses $1.64M (2024)

Total Assets $90.6M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Sept. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$46.6M (2024)

Expenses

$1.64M (2024)

Total Assets

$90.6M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Sept.
2024

Fiscal Year Ending Sept.
2023

Fiscal Year Ending Sept.
2022

Fiscal Year Ending Sept.
2021

Fiscal Year Ending Sept.
2020

Fiscal Year Ending Sept.
2019

Fiscal Year Ending Sept.
2018

Fiscal Year Ending Sept.
2017

Fiscal Year Ending Sept.
2016

Fiscal Year Ending Sept.
2015

Fiscal Year Ending Sept.
2014

Fiscal Year Ending Sept.
2013

Fiscal Year Ending Sept.
2012

Fiscal Year Ending Sept.
2011

Fiscal Year Ending Sept.
2010

Fiscal Year Ending Sept.
2009

Fiscal Year Ending Sept.
2008

Fiscal Year Ending Sept.
2007

Fiscal Year Ending Sept.
2006

Fiscal Year Ending Sept.
2005

Fiscal Year Ending Sept.
2004

Fiscal Year Ending Sept.
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Fiscal Year Ending Sept.
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Fiscal Year Ending Sept.
2001