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Nonprofiteer
← TAYLOR FAMILY FARMS FOUNDATION INC

Form 990 for tax year 2025

Filed by TAYLOR FAMILY FARMS FOUNDATION INC.

Totals

Total revenue
$104,238,144
Total expenses
$2,808,120
Contributions and grants received
$101,348,246
Grants paid
$2,778,657
Program service revenue
$0
Investment income
$61,717
Other revenue
$2,828,181
Total assets, end of year
$275,442,636
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$275,442,636
Program services expenses (Part IX)
$2,779,921
Management and general expenses
$28,199
Fundraising expenses
$0
Program service expenses (Part III)
$2,779,921

Program services were 99.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $101,348,246

  • 1g · Noncash contributions included above

    $101,348,246

  • 3 · Investment income

    total $98,493 · excluded $98,493

  • 6a · Gross rents

    real property $3,441,525

  • 6b · Less rental expenses

    real property $613,344

  • 6c · Rental income or loss

    real property $2,828,181

  • 6d · Net rental income or loss

    total $2,828,181 · excluded $2,828,181

  • 7b · Less cost or other basis and sales expenses

    securities $36,776

  • 7c · Gain or loss

    securities -$36,776

  • 7d · Net gain or loss

    total -$36,776 · excluded -$36,776

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,778,657 · program services $2,778,657

  • 11b · Fees: legal

    total $28,199 · management and general $28,199

  • 24a · Other expenses: Bank Charges & Fees

    total $1,020 · program services $1,020

  • 24b · Other expenses: Other Business Expenses

    total $244 · program services $244

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,212,612 · end of year $3,851,276

  • 10a · Land, buildings and equipment: cost or other basis

    $271,591,360

  • 10c · Land, buildings and equipment, net

    beginning of year $172,800,000 · end of year $271,591,360

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $174,012,612 · end of year $275,442,636

Mission and programs · 2025

Mission

Taylor Family Farms Foundation supports and enhances rural communities in southern Minnesota and northern Iowa. Through innovative and empowering collaboration with knowledgeable and trusted philanthropic partners, Taylor Family Farms Foundation works to build resilient rural communities.

Activities or mission (Part I)

To support and enhance rural communities in Southern Minnesota and Northern Iowa.

  • Taylor Family Farms Foundation supports and strengthens rural communities in southern Minnesota and northern Iowa. For a complete list of the counties the Foundation serves, please visit www.taylorfff.org. In 2025, the Foundation awarded grants to 87 organizations to support the purchase of critical emergency response equipment and to provide community health and human support.

    Expenses $2,779,921 · Grants $2,778,657

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kristin Duncanson - Chairperson

    President/ Mankato Area Fdtn Rep

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Jeremy Wells - Vice President

    St. Paul & MN Foundation Rep

    Total calculated
    $363,858
    From this org
    $0
    From related orgs
    $305,077
    Other
    $58,781
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $305,077 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $31,854 related
    Nontaxable benefits
    $0 + $26,927 related
    Filer's total
    $0 + $363,858 related

  • Tim Penny - Treasurer

    Southern MN Initiative Fdtn Rep

    Total calculated
    $101,436
    From this org
    $0
    From related orgs
    $101,436
    Other
    $0
    Hours/week
    2 + 40 related

  • Chris Austin

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • James Mulvilhill

    Director

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part II:
The individuals reported on Schedule J, Part II receive compensation from a related organization. There is no compensation paid by the Foundation for services provided by these individuals.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2025
Filed
20 April 2026
IRS schema version
2025v4.1
Source object
202621179349301117

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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