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Parsen Foundation

  • Elkhorn, NE
  • Tax-exempt since Aug. 2013
  • EIN: 46-1036605

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.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Named Trusts/Foundations N.E.C. (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$14k (2023)

Expenses
$94.6k (2023)

Total Assets
$1.11M (2023)

Total Liabilities
$10.9k (2023)

Source: Form 990 tax filings from 2013 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-PF
Revenue
$13,983
Expenses
$94,621
Net Income
-$80,638
Net Assets
$1,103,843
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $35,595
> 100%
Dividends $858
6.1%
Sales of Assets -$22,470
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $40,500
42.8%
Compensation of Officers* $39,842
42.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,114,733
Total Liabilities $10,890
Net Assets $1,103,843
Compensation
Key Employees and Officers Compensation Other
Andrew Lundgren (President) $19,478 $0
Kristin Lundgren (Treasurer) $11,077 $0
Carsen Lundgren (Officer) $9,287 $0
Mary Lundgren (Vice President) $0 $0
Parker Lundgren (Officer) $0 $0
Mike Jones (Officer) $0 $0
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Document Links

990-PF
Filed on Nov. 14, 2024

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

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$31,817
Expenses
$70,534
Net Income
-$38,717
Net Assets
$1,170,761
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $32,541
> 100%
Dividends $286
0.9%
Sales of Assets -$1,010
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $46,425
65.8%
Compensation of Officers* $15,597
22.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,174,551
Total Liabilities $3,790
Net Assets $1,170,761
Compensation
Key Employees and Officers Compensation Other
Kristin Lundgren (Treasurer) $15,597 $0
Andrew Lundgren (President) $0 $0
Mary Lundgren (Vice President) $0 $0

Document Links

990-PF
Filed on Nov. 14, 2023

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$47,541
Expenses
$36,971
Net Income
$10,570
Net Assets
$1,209,478
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $32,318
68.0%
Dividends $4
0.0%
Sales of Assets $15,219
32.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $12,500
33.8%
Compensation of Officers* $12,994
35.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,211,467
Total Liabilities $1,989
Net Assets $1,209,478
Compensation
Key Employees and Officers Compensation Other
Andrew Lundgren (President) $12,994 $0
Mary Lundgren (Vice President) $0 $0
Kristin Lundgren (Treasurer) $0 $0

Document Links

990-PF
Filed on Nov. 11, 2022

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

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$59,904
Expenses
$80,904
Net Income
-$21,000
Net Assets
$1,199,535
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $40,382
67.4%
Dividends $29
0.0%
Sales of Assets $19,493
32.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $38,245
47.3%
Compensation of Officers* $26,500
32.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,205,862
Total Liabilities $6,327
Net Assets $1,199,535
Compensation
Key Employees and Officers Compensation Other
Kristin Lundgren (Treasurer) $26,500 $0
Andrew Lundgren (President) $0 $0
Mary Lundgren (Vice President) $0 $0
Michael Jones (Secretary) $0 $0
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Document Links

990-PF
Filed on Nov. 11, 2021

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

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$56,165
Expenses
$78,646
Net Income
-$22,481
Net Assets
$1,219,037
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $45,356
80.8%
Dividends $348
0.6%
Sales of Assets $10,461
18.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $38,875
49.4%
Compensation of Officers* $12,000
15.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,225,564
Total Liabilities $6,527
Net Assets $1,219,037
Compensation
Key Employees and Officers Compensation Other
Andrew Lundgren (President & Ceo) $12,000 $0
Mary Lundgren (Vice President) $0 $0
Michael Jones (Secretary) $0 $0

Document Links

990-PF
Filed on Nov. 13, 2020

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

View Filing
XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$41,254
Expenses
$90,599
Net Income
-$49,345
Net Assets
$1,142,770
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $42,236
> 100%
Dividends $0
Sales of Assets -$982
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $38,100
42.1%
Compensation of Officers* $42,200
46.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,142,770
Total Liabilities $0
Net Assets $1,142,770
Compensation
Key Employees and Officers Compensation Other
Andrew Lundgren (President & Ceo) $42,200 $0
Mary Lundgren (Vice President) $0 $0
Dennis Lundgren (Vice President) $0 $0
Michael Jones (Secretary) $0 $0
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Document Links

990-PF
Filed on Nov. 14, 2019

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$47,276
Expenses
$59,030
Net Income
-$11,754
Net Assets
$1,192,231
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $40,156
84.9%
Dividends $0
Sales of Assets $7,120
15.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $43,204
73.2%
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 $1,192,231
Total Liabilities $0
Net Assets $1,192,231
Compensation
Key Employees and Officers Compensation Other
Andrew Lundgren (President & Ceo) $0 $0
Mary Lundgren (Vice President) $0 $0
Dennis Lundgren (Vice President) $0 $0
Michael Jones (Secretary) $0 $0
+ View more people

Document Links

990-PF
Filed on Nov. 13, 2018

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$41,748
Expenses
$65,975
Net Income
-$24,227
Net Assets
$1,089,709
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $42,144
> 100%
Dividends $0
Sales of Assets -$396
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $57,000
86.4%
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 $1,089,709
Total Liabilities $0
Net Assets $1,089,709
Compensation
Key Employees and Officers Compensation Other
Andrew Lundgren (President & Ceo) $0 $0
Mary Lundgren (Vice President) $0 $0
Dennis Lundgren (Vice President) $0 $0
Michael Jones (Secretary) $0 $0
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Document Links

990-PF
Filed on Nov. 14, 2017

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$78,388
Expenses
$40,910
Net Income
$37,478
Net Assets
$1,113,801
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $35,531
45.3%
Dividends $0
Sales of Assets $42,857
54.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $33,000
80.7%
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 $1,113,801
Total Liabilities $0
Net Assets $1,113,801
Compensation
Key Employees and Officers Compensation Other
Andrew Lundgren (President & Ceo) $0 $0
Mary Lundgren (Vice President) $0 $0
Dennis Lundgren (Vice President) $0 $0
Michael Jones (Secretary) $0 $0
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Document Links

990-PF
Filed on Nov. 14, 2016

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$34,532
Expenses
$33,323
Net Income
$1,209
Net Assets
$1,123,820
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $38,381
> 100%
Dividends $0
Sales of Assets -$3,849
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $25,247
75.8%
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 $1,123,820
Total Liabilities $0
Net Assets $1,123,820
Compensation
Key Employees and Officers Compensation Other
Andrew Lundgren (President & Ceo) $0 $0
Mary Lundgren (Vice President) $0 $0
Dennis Lundgren (Vice President) $0 $0
Michael Jones (Secretary) $0 $0
+ View more people

Document Links

990-PF
Filed on Nov. 16, 2015

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$50,018
Expenses
$13,200
Net Income
$36,818
Net Assets
$36,818
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $50,000
100.0%
Interest Revenue $18
0.0%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $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 $36,818
Total Liabilities $0
Net Assets $36,818
Compensation
Key Employees and Officers Compensation Other
Andrew Lundgren (President & Ceo) $0 $0
Mary Lundgren (Vice President) $0 $0
Dennis Lundgren (Vice President) $0 $0
Michael Jones (Secretary) $0 $0
+ View more people

Document Links

990-PF
Filed on Nov. 17, 2014

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

View Filing
PDF XML

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

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Byline

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.
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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