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Fossum Foundation Inc

  • Fargo, ND
  • Tax-exempt since April 1963
  • EIN: 45-6013302

Organization summary

Type of Nonprofit

Designated as a 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.

Summary charts: organization finances over time

Revenue
$99.4k (2023)

Expenses
$51.5k (2023)

Total Assets
$585k (2023)

Total Liabilities
$8.52k (2023)

Source: Form 990 tax filings from 2011 to 2023

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.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$99,358
Expenses
$51,532
Net Income
$47,826
Net Assets
$576,227
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $3,249
3.3%
Bond Proceeds $0
Royalties $55,755
56.1%
Rental Property Income $40,354
40.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $584,746
Total Liabilities $8,519
Net Assets $576,227
Compensation
Key Employees and Officers Compensation Related Other
Allyson Peterson (Assistant Secretary/Treasurer) $0 $195,096 $52,112
John Shotwell (President) $0 $0 $0
Clyde Fossum (Vice President) $0 $0 $0
Burdell Fossum (Secretary) $0 $0 $0
Carl Larson (Treasurer) $0 $0 $0
Karen Morrison (Director) $0 $0 $0
Gregg Halverson (Director) $0 $0 $0
Donn Diederich (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 13, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$110,221
Expenses
$67,947
Net Income
$42,274
Net Assets
$528,400
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $1,430
1.3%
Bond Proceeds $0
Royalties $69,528
63.1%
Rental Property Income $39,263
35.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $536,328
Total Liabilities $7,928
Net Assets $528,400
Compensation
Key Employees and Officers Compensation Related Other
Allyson Peterson (Assistant Secretary/Treasurer) $0 $196,684 $43,149
John Shotwell (President) $0 $0 $0
Clyde Fossum (Vice President) $0 $0 $0
Burdell Fossum (Secretary) $0 $0 $0
Carl Larson (Treasurer) $0 $0 $0
Karen Morrison (Director) $0 $0 $0
Gregg Halverson (Director) $0 $0 $0
Donn Diederich (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 7, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$80,290
Expenses
$41,253
Net Income
$39,037
Net Assets
$486,126
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $797
1.0%
Bond Proceeds $0
Royalties $43,232
53.8%
Rental Property Income $36,261
45.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $493,557
Total Liabilities $7,431
Net Assets $486,126
Compensation
Key Employees and Officers Compensation Related Other
Allyson Peterson (Assistant Secretary/Treasurer) $0 $161,436 $42,527
John Shotwell (President) $0 $0 $0
Clyde Fossum (Vice President) $0 $0 $0
Burdell Fossum (Secretary) $0 $0 $0
Carl Larson (Treasurer) $0 $0 $0
William Marcil (Director) $0 $0 $0
Karen Morrison (Director) $0 $0 $0
Gregg Halverson (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 8, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$49,121
Expenses
$76,283
Net Income
-$27,162
Net Assets
$467,091
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $1,334
2.7%
Bond Proceeds $0
Royalties $22,013
44.8%
Rental Property Income $25,774
52.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $473,819
Total Liabilities $6,728
Net Assets $467,091
Compensation
Key Employees and Officers Compensation Related Other
Allyson Peterson (Assistant Secretary/Treasurer) $0 $155,252 $41,672
John Shotwell (President) $0 $0 $0
Clyde Fossum (Vice President) $0 $0 $0
Burdell Fossum (Secretary) $0 $0 $0
Carl Larson (Treasurer) $0 $0 $0
William Marcil (Director) $0 $0 $0
Karen Morrison (Director) $0 $0 $0
Gregg Halverson (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 10, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$79,578
Expenses
$68,516
Net Income
$11,062
Net Assets
$494,253
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $1,382
1.7%
Bond Proceeds $0
Royalties $44,026
55.3%
Rental Property Income $34,170
42.9%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $501,088
Total Liabilities $6,835
Net Assets $494,253

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$75,074
Expenses
$63,853
Net Income
$11,221
Net Assets
$483,192
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $893
1.2%
Bond Proceeds $0
Royalties $39,467
52.6%
Rental Property Income $34,714
46.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $489,109
Total Liabilities $5,917
Net Assets $483,192

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$57,315
Expenses
$58,406
Net Income
-$1,091
Net Assets
$471,971
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $1,056
1.8%
Bond Proceeds $0
Royalties $26,565
46.3%
Rental Property Income $29,694
51.8%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $477,556
Total Liabilities $5,585
Net Assets $471,971

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$56,033
Expenses
$58,419
Net Income
-$2,386
Net Assets
$473,061
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $38
0.1%
Bond Proceeds $0
Royalties $25,348
45.2%
Rental Property Income $30,647
54.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $478,038
Total Liabilities $4,977
Net Assets $473,061

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$62,628
Expenses
$116,913
Net Income
-$54,285
Net Assets
$475,447
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $13
0.0%
Bond Proceeds $0
Royalties $31,922
51.0%
Rental Property Income $30,693
49.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $548,135
Total Liabilities $72,688
Net Assets $475,447

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$148,878
Expenses
$164,951
Net Income
-$16,073
Net Assets
$529,732
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $10
0.0%
Bond Proceeds $0
Royalties $113,664
76.3%
Rental Property Income $33,946
22.8%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,258
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $596,867
Total Liabilities $67,135
Net Assets $529,732

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$173,070
Expenses
$256,354
Net Income
-$83,284
Net Assets
$545,805
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $10
0.0%
Bond Proceeds $0
Royalties $139,624
80.7%
Rental Property Income $33,436
19.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $605,321
Total Liabilities $59,516
Net Assets $545,805

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$174,840
Expenses
$448,270
Net Income
-$273,430
Net Assets
$629,089
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $11
0.0%
Bond Proceeds $0
Royalties $145,116
83.0%
Rental Property Income $29,713
17.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $729,890
Total Liabilities $100,801
Net Assets $629,089

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$189,408
Expenses
$156,792
Net Income
$32,616
Net Assets
$902,519
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $26
0.0%
Bond Proceeds $0
Royalties $163,751
86.5%
Rental Property Income $25,631
13.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $962,519
Total Liabilities $60,000
Net Assets $902,519

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About 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.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

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

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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