The Morning Foundation

Holman Thomas H Jr Ttee

Saint Paul, MN
Tax-exempt since March 1997
EIN: 74-2803921

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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 Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$1.01M (2024)

Expenses

$406k (2024)

Total Assets

$7.62M (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 Dec.
2024

Revenue

$1,006,056

Expenses

$406,247

Net Income

$599,809

Net Assets

$7,622,332

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$397,599	39.5%
Interest Revenue	$0
Dividends	$152,117	15.1%
Sales of Assets	$456,340	45.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$392,494	96.6%
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	$7,622,332
Total Liabilities	$0
Net Assets	$7,622,332

Compensation

Key Employees and Officers	Compensation	Other
Thomas H Holman Jr (Trustee)	$0	$0
Kim D L Holman (Trustee)	$0	$0
Linnea Fahnestock (Trustee)	$0	$0

990-PF

Filed on July 31, 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 Dec.
2023

Revenue

$684,814

Expenses

$414,813

Net Income

$270,001

Net Assets

$7,208,805

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$338,705	49.5%
Interest Revenue	$3,093	0.5%
Dividends	$133,004	19.4%
Sales of Assets	$210,012	30.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$408,083	98.4%
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	$7,208,805
Total Liabilities	$0
Net Assets	$7,208,805

Compensation

Key Employees and Officers	Compensation	Other
Thomas H Holman Jr (Trustee)	$0	$0
Kim D L Holman (Trustee)	$0	$0
Linnea Fahnestock (Trustee)	$0	$0

990-PF

Filed on July 18, 2024

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

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Fiscal Year Ending Dec.
2022

Revenue

$448,752

Expenses

$438,302

Net Income

$10,450

Net Assets

$7,002,149

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$180,949	40.3%
Interest Revenue	$124	0.0%
Dividends	$89,822	20.0%
Sales of Assets	$177,857	39.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$416,486	95.0%
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	$7,002,149
Total Liabilities	$0
Net Assets	$7,002,149

Compensation

Key Employees and Officers	Compensation	Other
Thomas H Holman Jr (Trustee)	$0	$0
Kim D L Holman (Trustee)	$0	$0
Linnea Fahnestock (Trustee)	$0	$0

990-PF

Filed on Aug. 11, 2023

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

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Fiscal Year Ending Dec.
2021

Revenue

$794,287

Expenses

$359,934

Net Income

$434,353

Net Assets

$6,970,467

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$212,541	26.8%
Interest Revenue	$6	0.0%
Dividends	$123,409	15.5%
Sales of Assets	$458,331	57.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$353,513	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	$6,970,467
Total Liabilities	$0
Net Assets	$6,970,467

Compensation

Key Employees and Officers	Compensation	Other
Thomas H Holman Jr (Trustee)	$0	$0
Kim D L Holman (Trustee)	$0	$0
Linnea Fahnestock (Trustee)	$0	$0

990-PF

Filed on Aug. 18, 2022

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

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Fiscal Year Ending Dec.
2020

Revenue

$279,866

Expenses

$341,998

Net Income

-$62,132

Net Assets

$6,433,778

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$104,085	37.2%
Interest Revenue	$6	0.0%
Dividends	$82,801	29.6%
Sales of Assets	$92,896	33.2%
Other Income	$78	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$335,657	98.1%
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	$6,433,779
Total Liabilities	$1
Net Assets	$6,433,778

Compensation

Key Employees and Officers	Compensation	Other
Thomas H Holman Jr (Trustee)	$0	$0
Kim D L Holman (Trustee)	$0	$0

990-PF

Filed on Aug. 3, 2021

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

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Fiscal Year Ending Dec.
2019

Revenue

$579,997

Expenses

$345,032

Net Income

$234,965

Net Assets

$6,274,086

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$191,616	33.0%
Interest Revenue	$32	0.0%
Dividends	$99,724	17.2%
Sales of Assets	$270,044	46.6%
Other Income	$18,581	3.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$329,257	95.4%
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	$6,274,087
Total Liabilities	$1
Net Assets	$6,274,086

Compensation

Key Employees and Officers	Compensation	Other
Thomas H Holman Jr (Trustee)	$0	$0
Kim D L Holman (Trustee)	$0	$0

990-PF

Filed on July 13, 2020

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

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Fiscal Year Ending Dec.
2018

Revenue

$725,224

Expenses

$311,948

Net Income

$413,276

Net Assets

$6,017,116

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$229,217	31.6%
Interest Revenue	$30	0.0%
Dividends	$92,990	12.8%
Sales of Assets	$310,503	42.8%
Other Income	$92,484	12.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$293,653	94.1%
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	$6,017,116
Total Liabilities	$0
Net Assets	$6,017,116

Compensation

Key Employees and Officers	Compensation	Other
Thomas H Holman Jr (Trustee)	$0	$0
Kim D L Holman (Trustee)	$0	$0

990-PF

Filed on Aug. 13, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$535,971

Expenses

$280,422

Net Income

$255,549

Net Assets

$5,651,022

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$242,358	45.2%
Interest Revenue	$5	0.0%
Dividends	$79,278	14.8%
Sales of Assets	$214,224	40.0%
Other Income	$106	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$269,839	96.2%
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	$5,651,022
Total Liabilities	$0
Net Assets	$5,651,022

Compensation

Key Employees and Officers	Compensation	Other
Thomas H Holman Jr (Trustee)	$0	$0
Kim D L Holman (Trustee)	$0	$0

990-PF

Filed on Aug. 8, 2018

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

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Fiscal Year Ending Dec.
2016

Revenue

$398,732

Expenses

$284,620

Net Income

$114,112

Net Assets

$5,460,937

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$59,285	14.9%
Interest Revenue	$2	0.0%
Dividends	$72,011	18.1%
Sales of Assets	$181,174	45.4%
Other Income	$86,260	21.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$279,397	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	$5,460,937
Total Liabilities	$0
Net Assets	$5,460,937

Compensation

Key Employees and Officers	Compensation	Other
Thomas H Holman Jr (Trustee)	$0	$0
Kim D L Holman (Trustee)	$0	$0

990-PF

Filed on Aug. 29, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$270,522

Expenses

$274,504

Net Income

-$3,982

Net Assets

$5,262,551

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$6,025	2.2%
Interest Revenue	$10	0.0%
Dividends	$66,207	24.5%
Sales of Assets	$145,602	53.8%
Other Income	$52,678	19.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$265,002	96.5%
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	$5,262,551
Total Liabilities	$0
Net Assets	$5,262,551

Compensation

Key Employees and Officers	Compensation	Other
Thomas H Holman Jr (Trustee)	$0	$0
Kim D L Holman (Trustee)	$0	$0

990-PF

Filed on Aug. 15, 2016

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

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PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Revenue

$446,138

Expenses

$146,046

Net Income

$300,092

Net Assets

$5,014,539

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$148,360	33.3%
Interest Revenue	$42	0.0%
Dividends	$75,357	16.9%
Sales of Assets	$197,927	44.4%
Other Income	$24,452	5.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$110,103	75.4%
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	$5,014,539
Total Liabilities	$0
Net Assets	$5,014,539

Compensation

Key Employees and Officers	Compensation	Other
Thomas H Holman Jr (Trustee)	$0	$0
Kim D L Holman (Trustee)	$0	$0

990-PF

Filed on Aug. 7, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$3,107,295

Expenses

$329,178

Net Income

$2,778,117

Net Assets

$4,703,368

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$117,558	3.8%
Interest Revenue	$88	0.0%
Dividends	$152,321	4.9%
Sales of Assets	$2,831,409	91.1%
Other Income	$5,919	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$323,948	98.4%
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	$4,703,368
Total Liabilities	$0
Net Assets	$4,703,368

Compensation

Key Employees and Officers	Compensation	Other
Thomas H Holman Jr (Trustee)	$0	$0
Kim D L Holman (Trustee)	$0	$0

990-PF

Filed on Aug. 6, 2014

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

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Fiscal Year Ending Dec.
2012

Revenue

$273,928

Expenses

$247,658

Net Income

$26,270

Net Assets

$1,872,122

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$138,736	50.6%
Interest Revenue	$10	0.0%
Dividends	$51,030	18.6%
Sales of Assets	$84,152	30.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$242,225	97.8%
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	$1,872,123
Total Liabilities	$1
Net Assets	$1,872,122

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$174,045

Expenses

$230,983

Net Income

-$56,938

Net Assets

$1,856,160

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$52,057	29.9%
Interest Revenue	$55	0.0%
Dividends	$33,431	19.2%
Sales of Assets	$88,502	50.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$227,600	98.5%
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	$1,856,161
Total Liabilities	$1
Net Assets	$1,856,160

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The Morning Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.01M (2024)

Expenses $406k (2024)

Total Assets $7.62M (2024)

Total Liabilities $0 (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

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

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

Compensation

Document Links

Revenue

$1.01M (2024)

Expenses

$406k (2024)

Total Assets

$7.62M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

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2023

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Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

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2011

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