Eric D And Steven D Hovde Foundation

Hovde Eric D Ttee

Madison, WI
Tax-exempt since July 1999
EIN: 52-2107093

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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 / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$482k (2024)

Expenses

$2.03M (2024)

Total Assets

$6.87M (2024)

Total Liabilities

$60.9k (2024)

Years with missing data

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

$481,652

Expenses

$2,029,179

Net Income

-$1,547,527

Net Assets

$6,811,800

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$126,828	26.3%
Dividends	$48,454	10.1%
Sales of Assets	$299,372	62.2%
Other Income	$6,998	1.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,846,696	91.0%
Compensation of Officers*	$140,022	6.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,872,728
Total Liabilities	$60,928
Net Assets	$6,811,800

Compensation

Key Employees and Officers	Compensation	Other
Nicole Bice (Executive Director)	$140,022	$7,441
Eric D Hovde (Trustee)	$0	$0
Steven D Hovde (Trustee)	$0	$0

990-PF

Filed on May 29, 2025

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$207,213

Expenses

$2,587,625

Net Income

-$2,380,412

Net Assets

$8,914,161

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$4,406	2.1%
Interest Revenue	$0
Dividends	$48,148	23.2%
Sales of Assets	$107,592	51.9%
Other Income	$47,067	22.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,210,933	85.4%
Compensation of Officers*	$149,430	5.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$9,171,095
Total Liabilities	$256,934
Net Assets	$8,914,161

Compensation

Key Employees and Officers	Compensation	Other
Nicole Bice (Executive Director)	$149,430	$19,139
Eric D Hovde (Trustee)	$0	$0
Steven D Hovde (Trustee)	$0	$0

990-PF

Filed on Oct. 1, 2024

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$1,949,533

Expenses

$2,415,822

Net Income

-$466,289

Net Assets

$11,091,852

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,001,000	51.3%
Interest Revenue	$0
Dividends	$74,606	3.8%
Sales of Assets	$558,012	28.6%
Other Income	$315,915	16.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,301,705	95.3%
Compensation of Officers*	$138,232	5.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$11,112,638
Total Liabilities	$20,786
Net Assets	$11,091,852

Compensation

Key Employees and Officers	Compensation	Other
Nicole Bice (Executive Director)	$138,232	$7,918
Eric D Hovde (Trustee)	$0	$0
Steven D Hovde (Trustee)	$0	$0

990-PF

Filed on March 14, 2024

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

View Filing

Schedules ▼

PDF XML

View Filing (2 of 2) PDF (2 of 2)

Fiscal Year Ending Dec.
2021

Revenue

$962,613

Expenses

$1,244,718

Net Income

-$282,105

Net Assets

$11,855,727

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$15,000	1.6%
Interest Revenue	$0
Dividends	$61,780	6.4%
Sales of Assets	$664,462	69.0%
Other Income	$221,371	23.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$906,596	72.8%
Compensation of Officers*	$117,915	9.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$11,918,657
Total Liabilities	$62,930
Net Assets	$11,855,727

Compensation

Key Employees and Officers	Compensation	Other
Nicole Bice (Executive Director)	$117,915	$12,254
Eric D Hovde (Trustee)	$0	$0
Steven D Hovde (Trustee)	$0	$0

990-PF

Filed on May 12, 2022

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$1,058,225

Expenses

$1,791,354

Net Income

-$733,129

Net Assets

$11,838,743

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$10,098	1.0%
Interest Revenue	$0
Dividends	$141,140	13.3%
Sales of Assets	$472,679	44.7%
Other Income	$434,308	41.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,465,763	81.8%
Compensation of Officers*	$109,931	6.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$11,842,243
Total Liabilities	$3,500
Net Assets	$11,838,743

Compensation

Key Employees and Officers	Compensation	Other
Nicole Bice (Executive Director)	$109,931	$13,791
David Ibarra Cardenas (Employee)	$62,030	$5,536
Eric D Hovde (Trustee)	$0	$0
Steven D Hovde (Trustee)	$0	$0

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990-PF

Filed on Nov. 1, 2021

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$899,892

Expenses

$1,457,598

Net Income

-$557,706

Net Assets

$13,318,879

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$13,284	1.5%
Interest Revenue	$0
Dividends	$162,184	18.0%
Sales of Assets	$262,598	29.2%
Other Income	$461,826	51.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$929,155	63.7%
Compensation of Officers*	$119,020	8.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,652,285
Total Liabilities	$2,333,406
Net Assets	$13,318,879

990-PF

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

PDF

Fiscal Year Ending Dec.
2018

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

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2017

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

PDF

Fiscal Year Ending Dec.
2016

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

PDF

Fiscal Year Ending Dec.
2015

Revenue

$2,493,697

Expenses

$1,151,003

Net Income

$1,342,694

Net Assets

$12,420,501

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$292,612	11.7%
Interest Revenue	$0
Dividends	$135,755	5.4%
Sales of Assets	$1,860,232	74.6%
Other Income	$205,098	8.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$922,538	80.2%
Compensation of Officers*	$97,077	8.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$13,304,124
Total Liabilities	$883,623
Net Assets	$12,420,501

990-PF

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

PDF

Fiscal Year Ending Dec.
2014

Revenue

$1,302,399

Expenses

$974,368

Net Income

$328,031

Net Assets

$12,495,053

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$399,305	30.7%
Interest Revenue	$0
Dividends	$140,251	10.8%
Sales of Assets	$559,974	43.0%
Other Income	$202,869	15.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$799,172	82.0%
Compensation of Officers*	$130,587	13.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$13,419,585
Total Liabilities	$924,532
Net Assets	$12,495,053

Compensation

Key Employees and Officers	Compensation	Other
Jeffrey Boyd (Executive Director)	$130,587	$8,031
Eric D Hovde (Trustee)	$0	$0
Steven D Hovde (Trustee)	$0	$0
Richard J Perry Jr (Trustee)	$0	$0

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990-PF

Filed on May 4, 2015

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$1,025,310

Expenses

$1,095,319

Net Income

-$70,009

Net Assets

$11,819,516

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$585,957	57.1%
Interest Revenue	$0
Dividends	$167,827	16.4%
Sales of Assets	$271,526	26.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$976,201	89.1%
Compensation of Officers*	$101,068	9.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$11,825,516
Total Liabilities	$6,000
Net Assets	$11,819,516

990-PF

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$930,514

Expenses

$1,275,397

Net Income

-$344,883

Net Assets

$11,453,352

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$483,950	52.0%
Interest Revenue	$0
Dividends	$251,173	27.0%
Sales of Assets	$195,391	21.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,159,261	90.9%
Compensation of Officers*	$100,000	7.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$11,479,492
Total Liabilities	$26,140
Net Assets	$11,453,352

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$611,810

Expenses

$1,579,915

Net Income

-$968,105

Net Assets

$11,175,342

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$243,685	39.8%
Interest Revenue	$0
Dividends	$207,556	33.9%
Sales of Assets	$160,569	26.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,468,023	92.9%
Compensation of Officers*	$95,000	6.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$11,197,716
Total Liabilities	$22,374
Net Assets	$11,175,342

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

PDF

Fiscal Year Ending Dec.
2009

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

PDF

Fiscal Year Ending Dec.
2008

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

PDF

Fiscal Year Ending Dec.
2007

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

PDF

Fiscal Year Ending Dec.
2006

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

PDF

Fiscal Year Ending Dec.
2005

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

PDF

Fiscal Year Ending Dec.
2004

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

PDF

Fiscal Year Ending Dec.
2003

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

PDF

Fiscal Year Ending Dec.
2002

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

PDF

Fiscal Year Ending Dec.
2001

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

PDF

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.

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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

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

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Updated January 26, 2026

Eric D And Steven D Hovde Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $482k (2024)

Expenses $2.03M (2024)

Total Assets $6.87M (2024)

Total Liabilities $60.9k (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

Document Links

990-PF

Fiscal Year Ending Dec. 2018

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2017

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2016

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

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

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Revenue

$482k (2024)

Expenses

$2.03M (2024)

Total Assets

$6.87M (2024)

Total Liabilities

$60.9k (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