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Nonprofiteer
← DOW RUMMEL FOUNDATION

Form 990 for tax year 2024

Filed by DOW RUMMEL FOUNDATION.

Totals

Total revenue
$550,888
Total expenses
$522,546
Contributions and grants received
$511,477
Grants paid
$515,285
Program service revenue
$0
Investment income
$39,411
Other revenue
$0
Total assets, end of year
$1,238,869
Total liabilities, end of year
$77,819
Net assets or fund balances, end of year
$1,161,050
Program services expenses (Part IX)
$515,285
Management and general expenses
$7,237
Fundraising expenses
$24
Program service expenses (Part III)
$515,285

Program services were 98.6% 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

    $511,477

  • 1g · Noncash contributions included above

    $3,000

  • 3 · Investment income

    total $35,035 · excluded $35,035

  • 7a · Gross sales of assets other than inventory

    securities $54,302

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

    securities $49,926

  • 7c · Gain or loss

    securities $4,376

  • 7d · Net gain or loss

    total $4,376 · excluded $4,376

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $515,285 · program services $515,285

  • 11f · Fees: investment management

    total $7,237 · management and general $7,237

  • 24e · All other expenses

    total $24 · fundraising $24

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $37,436

  • 3 · Pledges and grants receivable

    beginning of year $49,816 · end of year $109,908

  • 11 · Investments: publicly traded securities

    beginning of year $339,593 · end of year $396,249

  • 12 · Investments: other securities

    beginning of year $660,366 · end of year $695,276

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $77,819

  • 27 · Net assets without donor restrictions

    beginning of year $389,409 · end of year $465,774

  • 28 · Net assets with donor restrictions

    beginning of year $660,366 · end of year $695,276

Mission and programs · 2024

Mission

THE CORPORATION IS ORGANIZED TO ASSIST OLDER ADULTS AND PROVIDE RELIEF FOR THE ELDERLY IN A SECURE SETTING FOR RETIREMENT LIVING; TO PROVIDE SUPPORT TO THE OPERATIONS OF DOW RUMMEL VILLAGE, AND TO RECEIVE, ACCEPT, HOLD, INVEST, REINVEST, AND ADMINISTER ANY GIFTS, BEQUESTS, DEVISES AND PROPERTY OF ANY NATURE, AND TO USE, DISBURSE OR DONATE THE INCOME OR PRINCIPAL THEREOF, FOR SUCH PURPOSES.

Activities or mission (Part I)

TO PROVIDE SUPPORT TO DOW RUMMEL VILLAGE AND ITS RESIDENTS.

  • DURING THE FISCAL YEAR ENDED APRIL 30, 2025, THE FOUNDATION RECEIVED AND INVESTED CONTRIBUTIONS FOR THE ULTIMATE BENEFIT OF ELDERLY RESIDENTS OF DOW RUMMEL VILLAGE.

    Expenses $515,285 · Grants $515,285

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mary Kay Fausch

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    4

  • Mike Jamison

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Dave Eiesland

    TREASURER/SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Jason Herrboldt

    MEMBER

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Tim Kromminga

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Bill Lenker

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Linda Haliburton

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Kari Clark

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jared Nesje

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Stacie Swanstrom

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Kurt Whitesel

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Josh Hofmeyer

    CEO

    Total calculated
    $315,352
    From this org
    $0
    From related orgs
    $294,287
    Other
    $21,065
    Hours/week
    4 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $231,490 related
    Bonus
    $0 + $33,750 related
    Other
    $0 + $29,047 related
    Deferred
    $0 + $11,679 related
    Nontaxable benefits
    $0 + $9,386 related
    Filer's total
    $0 + $315,352 related

  • Michael Redinger

    CFO

    Total calculated
    $140,748
    From this org
    $0
    From related orgs
    $127,659
    Other
    $13,089
    Hours/week
    4 + 50 related

  • Laurie Knutson

    CPO

    Total calculated
    $111,667
    From this org
    $0
    From related orgs
    $103,520
    Other
    $8,147
    Hours/week
    40

  • Kevin Kaufman

    FORMER CFO

    Total calculated
    $138,376
    From this org
    $0
    From related orgs
    $128,731
    Other
    $9,645
    Hours/week
    4 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $67,856 related
    Bonus
    $0 + $16,782 related
    Other
    $0 + $44,093 related
    Deferred
    $0 + $7,456 related
    Nontaxable benefits
    $0 + $2,189 related
    Filer's total
    $0 + $138,376 related

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 I, LINE 3
THE CEO AND CFO WERE COMPENSATED BY A RELATED ORGANIZATION, DOW RUMMEL VILLAGE. DOW RUMMEL FOUNDATION RELIED ON THE RELATED ORGANIZATION FOR DETERMINING THE COMPENSATION FOR THE CEO AND CFO USING THE METHODS DESCRIBED IN PART I, LINE 3.

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

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
2024
Filed
18 February 2026
IRS schema version
2024v5.5
Source object
202640519349301009

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