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Nonprofiteer
← TFP HOLDING CO

Form 990 for tax year 2025

Filed by TFP HOLDING CO.

Totals

Total revenue
$517,443
Total expenses
$710,089
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$517,443
Investment income
$0
Other revenue
$0
Total assets, end of year
$19,472,991
Total liabilities, end of year
$10,560,774
Net assets or fund balances, end of year
$8,912,217
Program services expenses (Part IX)
$516,300
Management and general expenses
$193,789
Fundraising expenses
$0
Program service expenses (Part III)
$516,300

Program services were 72.7% 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.

  • 2a · Program service revenue: Rent income

    total $517,443 · related or exempt $517,443

Functional expenses

Part IX, the statement of functional expenses.

  • 16 · Occupancy

    total $49 · management and general $49

  • 20 · Interest

    total $153,827 · management and general $153,827

  • 22 · Depreciation, depletion and amortization

    total $556,213 · program services $516,300 · management and general $39,913

Balance sheet

Part X, book values.

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

    $21,587,450

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,247,756

  • 10c · Land, buildings and equipment, net

    beginning of year $19,895,907 · end of year $19,339,694

  • 15 · Other assets

    beginning of year $0 · end of year $133,297

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,596 · end of year $774

  • 23 · Secured mortgages and notes payable

    beginning of year $10,560,000 · end of year $10,560,000

  • 25 · Other liabilities

    beginning of year $227,448 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $9,104,863 · end of year $8,912,217

Mission and programs · 2025

Mission

The TFP Holding Co. is organized to provide office and program space for The Family Partnership nonprofit organization.

Activities or mission (Part I)

Provide office and program space for The Family Partnership nonprofit organization.

  • Provide office and building space to support the function and carrying out the mission of The Family Partnership, a Minnesota nonprofit corporation.

    Expenses $516,300 · Revenue $517,443

As filed on the 2025 return.

Listed in Part VII

  • Molly Greenman

    Secretary

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Clint Morrison

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Julie Steiner

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Emily Larson

    President and CEO

    Total calculated
    $87,887
    From this org
    $0
    From related orgs
    $85,047
    Other
    $2,840
    Hours/week
    2.5 + 37.5 related

  • Robert Pickering

    CFO

    Total calculated
    $128,243
    From this org
    $0
    From related orgs
    $95,999
    Other
    $32,244
    Hours/week
    2.5 + 37.5 related

  • Kathryn Briem

    Former Interim President and CEO

    Total calculated
    $33,840
    From this org
    $0
    From related orgs
    $32,045
    Other
    $1,795
    Hours/week
    2.5 + 37.5 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.

Grants on this return

No itemized grants to organizations 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
2025
Filed
16 July 2026
IRS schema version
2025v4.2
Source object
202602239349301755

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