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Charles And Patricia Rasmussen Family Foundation

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 / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$141k (2024)

Expenses
$126k (2024)

Total Assets
$2.47M (2024)

Total Liabilities
$0 (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

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$140,922
Expenses
$126,480
Net Income
$14,442
Net Assets
$2,470,259
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $109,674
77.8%
Sales of Assets $31,248
22.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $98,859
78.2%
Compensation of Officers* $8,760
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 $2,470,259
Total Liabilities $0
Net Assets $2,470,259
Compensation
Key Employees and Officers Compensation Other
Patricia Rasmussen (Vice President) $8,760 $0
Lisa Dubois (Accounting) $5,625 $0
Taylor Rasmussen (Trustee) $0 $0
Stephen Rasmussen (Trustee) $0 $0
Casey Rasmussen (Trustee) $0 $0
Adam Rasmussen (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$85,714
Expenses
$146,272
Net Income
-$60,558
Net Assets
$2,276,952
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $71,139
83.0%
Sales of Assets $14,575
17.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $106,040
72.5%
Compensation of Officers* $17,400
11.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,276,952
Total Liabilities $0
Net Assets $2,276,952
Compensation
Key Employees and Officers Compensation Other
Patricia Rasmussen (Vice President) $17,400 $0
Lisa Dubois (Accounting) $8,125 $0
Taylor Rasmussen (Trustee) $0 $0
Stephen Rasmussen (Trustee) $0 $0
Casey Rasmussen (Trustee) $0 $0
Adam Rasmussen (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$111,834
Expenses
$97,910
Net Income
$13,924
Net Assets
$2,154,420
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $84,754
75.8%
Sales of Assets $27,080
24.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $74,750
76.3%
Compensation of Officers* $5,000
5.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,154,420
Total Liabilities $0
Net Assets $2,154,420
Compensation
Key Employees and Officers Compensation Other
Paul Williams (Investment Advisor) $110,346 $0
Patricia Rasmussen (Vice President) $5,000 $0
Lisa Dubois (Accounting) $3,125 $0
Taylor Rasmussen (Trustee) $0 $0
Stephen Rasmussen (Trustee) $0 $0
Casey Rasmussen (Trustee) $0 $0
Adam Rasmussen (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,141,930
Expenses
$78,181
Net Income
$1,063,749
Net Assets
$2,641,076
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $832,121
72.9%
Interest Revenue $0
Dividends $159,067
13.9%
Sales of Assets $150,742
13.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $70,025
89.6%
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 $2,641,076
Total Liabilities $0
Net Assets $2,641,076
Compensation
Key Employees and Officers Compensation Other
Taylor Rasmussen (Trustee) $0 $0
Stephen Rasmussen (Trustee) $0 $0
Casey Rasmussen (Trustee) $0 $0
Adam Rasmussen (Trustee) $0 $0
Patricia Rasmussen (Vice President) $0 $0
Lisa Dubois (Financial Manager) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$37,291
Expenses
$34,291
Net Income
-$71,582
Net Assets
$1,336,490
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $43,984
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $25,800
75.2%
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 $1,336,491
Total Liabilities $1
Net Assets $1,336,490
Compensation
Key Employees and Officers Compensation Other
Charles Rasmussen (President) $0 $0
Lisa Punches (Secretary Treasurer) $0 $0
Casey Rasmussen (Trustee) $0 $0
Adam Rasmussen (Trustee) $0 $0
Taylor Rasmussen (Trustee) $0 $0
Stephen Rasmussen (Trustee) $0 $0
Patricia Rasmussen (Vice President) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$87,913
Expenses
$98,081
Net Income
-$10,168
Net Assets
$1,202,786
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $44,289
50.4%
Sales of Assets $43,624
49.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $91,978
93.8%
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 $1,202,786
Total Liabilities $0
Net Assets $1,202,786

Document Links

Fiscal Year Ending Dec.
2018

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

Fiscal Year Ending Dec.
2017

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

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$130,815
Expenses
$127,084
Net Income
$3,731
Net Assets
$1,086,369
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $100,000
76.4%
Interest Revenue $0
Dividends $30,815
23.6%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $92,823
73.0%
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 $1,086,369
Total Liabilities $0
Net Assets $1,086,369
Compensation
Key Employees and Officers Compensation Other
Patricia Rasmussen (President) $0 $0
Casey Rasmussen (Vice President) $0 $0
Richard Greenberg (Sec Treas) $0 $0
Charles Rasmussen (Trustee) $0 $0
Adam Rasmussen (Trustee) $0 $0
Taylor Rasmussen (Trustee) $0 $0
Stephen Rasmussen (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$25,164
Expenses
$44,911
Net Income
-$19,747
Net Assets
$1,055,108
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $38,517
> 100%
Sales of Assets -$13,353
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $39,190
87.3%
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 $1,055,108
Total Liabilities $0
Net Assets $1,055,108
Compensation
Key Employees and Officers Compensation Other
Patricia Rasmussen (President) $0 $0
Casey Rasmussen (Vice President) $0 $0
Richard Greenberg (Sec Treas) $0 $0
Charles Rasmussen (Trustee) $0 $0
Adam Rasmussen (Trustee) $0 $0
Taylor Rasmussen (Trustee) $0 $0
Stephen Rasmussen (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$83,856
Expenses
$58,811
Net Income
$25,045
Net Assets
$1,077,711
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $51,394
61.3%
Sales of Assets $32,462
38.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $45,594
77.5%
Compensation of Officers* $8,000
13.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,077,711
Total Liabilities $0
Net Assets $1,077,711

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$271,049
Expenses
$48,655
Net Income
$222,394
Net Assets
$1,035,132
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $271,049
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $36,805
75.6%
Compensation of Officers* $8,000
16.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,035,132
Total Liabilities $0
Net Assets $1,035,132

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$31,112
Expenses
$89,802
Net Income
-$58,690
Net Assets
$690,739
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $31,112
100%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $77,077
85.8%
Compensation of Officers* $8,000
8.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $690,739
Total Liabilities $0
Net Assets $690,739

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$64,332
Expenses
$78,110
Net Income
-$13,778
Net Assets
$710,450
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $29,257
45.5%
Sales of Assets $35,075
54.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $74,408
95.3%
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 $710,450
Total Liabilities $0
Net Assets $710,450

Document Links

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

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

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

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

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

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

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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