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Glen Helgeson Foundation

Helgeson Foundation
  • Minneapolis, MN
  • Tax-exempt since July 2014
  • EIN: 46-4350306

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: Public, Society Benefit - Multipurpose and Other N.E.C. (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$576k (2024)

Expenses
$210k (2024)

Total Assets
$2.49M (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2013 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

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$576,145
Expenses
$209,636
Net Income
$366,509
Net Assets
$2,491,325
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $30,135
5.2%
Dividends $40,316
7.0%
Sales of Assets $505,694
87.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $149,448
71.3%
Compensation of Officers* $32,000
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 $2,491,325
Total Liabilities $0
Net Assets $2,491,325
Compensation
Key Employees and Officers Compensation Other
Glen Helgeson (Pres & Treas) $12,000 $0
Rita Penrod Helgeson (Exec Dir & S) $12,000 $0
Mariah Kathan (Vice President) $8,000 $0

Document Links

990-PF
Filed on March 25, 2025

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

View Filing
XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$137,057
Expenses
$217,842
Net Income
-$80,785
Net Assets
$2,124,816
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $27,803
20.3%
Dividends $31,186
22.8%
Sales of Assets $78,068
57.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $159,969
73.4%
Compensation of Officers* $32,000
14.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,124,816
Total Liabilities $0
Net Assets $2,124,816
Compensation
Key Employees and Officers Compensation Other
Glen Helgeson (Pres & Treas) $12,000 $0
Rita Penrod Helgeson (Exec Dir & S) $12,000 $0
Mariah Helgeson (Vice Preside) $8,000 $0

Document Links

990-PF
Filed on May 24, 2024

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$100,216
Expenses
$229,790
Net Income
-$129,574
Net Assets
$2,213,601
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $17,945
17.9%
Dividends $33,612
33.5%
Sales of Assets $48,659
48.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $173,136
75.3%
Compensation of Officers* $32,000
13.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,213,601
Total Liabilities $0
Net Assets $2,213,601
Compensation
Key Employees and Officers Compensation Other
Glen Helgeson (Pres & Treas) $12,000 $0
Rita Penrod Helgeson (Exec Dir & S) $12,000 $0
Mariah Helgeson (Vice Preside) $8,000 $0

Document Links

990-PF
Filed on May 9, 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
$229,154
Expenses
$214,786
Net Income
$14,368
Net Assets
$2,343,175
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $18,582
8.1%
Dividends $37,560
16.4%
Sales of Assets $173,012
75.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $155,011
72.2%
Compensation of Officers* $32,000
14.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,343,175
Total Liabilities $0
Net Assets $2,343,175
Compensation
Key Employees and Officers Compensation Other
Glen Helgeson (Pres & Treas) $12,000 $0
Rita Penrod Helgeson (Exec Dir & S) $12,000 $0
Mariah Helgeson (Vice Preside) $8,000 $0

Document Links

990-PF
Filed on May 16, 2022

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$85,523
Expenses
$214,096
Net Income
-$128,573
Net Assets
$2,328,807
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $18,568
21.7%
Dividends $36,778
43.0%
Sales of Assets $30,177
35.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $155,130
72.5%
Compensation of Officers* $32,000
14.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,329,263
Total Liabilities $456
Net Assets $2,328,807
Compensation
Key Employees and Officers Compensation Other
Glen Helgeson (Pres & Treas) $12,000 $0
Rita Penrod Helgeson (Exec Dir & S) $12,000 $0
Mariah Helgeson (Vice Preside) $8,000 $0

Document Links

990-PF
Filed on May 17, 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
$82,300
Expenses
$211,515
Net Income
-$129,215
Net Assets
$2,457,380
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $25,337
30.8%
Dividends $34,438
41.8%
Sales of Assets $22,525
27.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $146,296
69.2%
Compensation of Officers* $30,000
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 $2,457,974
Total Liabilities $594
Net Assets $2,457,380
Compensation
Key Employees and Officers Compensation Other
Glen Helgeson (Pres & Treas) $12,000 $0
Rita Penrod Helgeson (Exec Dir & S) $12,000 $0
Mariah Helgeson (Vice Preside) $6,000 $0

Document Links

990-PF
Filed on June 4, 2020

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$266,333
Expenses
$203,708
Net Income
$62,625
Net Assets
$2,586,595
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $26,357
9.9%
Dividends $40,023
15.0%
Sales of Assets $199,953
75.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $139,870
68.7%
Compensation of Officers* $30,000
14.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,587,328
Total Liabilities $733
Net Assets $2,586,595
Compensation
Key Employees and Officers Compensation Other
Glen Helgeson (President & Treasurer) $12,000 $0
Rita Penrod Helgeson (Executive Director & Secre) $12,000 $0
Mariah Helgeson (Vice President) $6,000 $0

Document Links

990-PF
Filed on Aug. 16, 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
$79,619
Expenses
$192,109
Net Income
-$112,490
Net Assets
$2,523,970
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $26,887
33.8%
Dividends $39,043
49.0%
Sales of Assets $12,839
16.1%
Other Income $850
1.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $130,433
67.9%
Compensation of Officers* $30,000
15.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,527,742
Total Liabilities $3,772
Net Assets $2,523,970
Compensation
Key Employees and Officers Compensation Other
Glen Helgeson (President & Treasurer) $12,000 $0
Rita Penrod Helgeson (Executive Director & Secre) $12,000 $0
Paul Helgeson (Vice President) $6,000 $0

Document Links

990-PF
Filed on July 18, 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
$44,535
Expenses
$194,083
Net Income
-$149,548
Net Assets
$2,636,460
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $33,811
75.9%
Dividends $36,564
82.1%
Sales of Assets -$26,231
Other Income $391
0.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $133,070
68.6%
Compensation of Officers* $30,000
15.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,636,683
Total Liabilities $223
Net Assets $2,636,460
Compensation
Key Employees and Officers Compensation Other
Glen Helgeson (President & Treasurer) $12,000 $0
Rita Penrod Helgeson (Executive Director & Secre) $12,000 $0
Paul Helgeson (Vice President) $6,000 $0

Document Links

990-PF
Filed on June 5, 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
$32,681
Expenses
$205,819
Net Income
-$173,138
Net Assets
$2,786,008
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $35,513
> 100%
Dividends $35,688
> 100%
Sales of Assets -$38,520
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $143,735
69.8%
Compensation of Officers* $30,000
14.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,786,722
Total Liabilities $714
Net Assets $2,786,008
Compensation
Key Employees and Officers Compensation Other
Glen Helgeson (President & Treasurer) $12,000 $0
Rita Penrod Helgeson (Executive Director & Secre) $12,000 $0
Paul Helgeson (Vice President) $6,000 $0

Document Links

990-PF
Filed on July 5, 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
$50,958
Expenses
$91,814
Net Income
-$40,856
Net Assets
$2,959,146
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $7,457
14.6%
Dividends $13,814
27.1%
Sales of Assets $29,687
58.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $34,900
38.0%
Compensation of Officers* $30,000
32.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,959,146
Total Liabilities $0
Net Assets $2,959,146
Compensation
Key Employees and Officers Compensation Other
Glen Helgeson (President & Treasurer) $12,000 $0
Rita Penrod Helgeson (Executive Director & Secre) $12,000 $0
Paul Helgeson (Vice President) $6,000 $0

Document Links

990-PF
Filed on May 13, 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
$3,000,002
Expenses
$0
Net Income
$3,000,002
Net Assets
$3,000,002
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,000,000
100.0%
Interest Revenue $2
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 $3,000,002
Total Liabilities $0
Net Assets $3,000,002

Document Links

990-PF

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

PDF
PDF (2 of 2)

About This Data

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.

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.

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Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

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