Michael R Stedman Foundation is a 501(c)(3) organization based in Blaine, Minnesota, registered in 2007, with $63,000 in FY2025 revenue. CharityIndex grades it C+.
Revenue (FY2025)
$63K
▲ 80.0% vs prior year
Philanthropy median: $168K
Expenses (FY2025)
$54K
Net assets
$16K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Michael R Stedman Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Michael R Stedman Foundation: 3 mo reserves · +14% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Michael R Stedman Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Michael R Stedman Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue grew from $15K (FY2013) to $63K (FY2025) across 13 reported years.
Financial snapshot
Operating margin
13.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$16K
Total liabilities
$0
Net assets
$16K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2025 | $63,000▲80.0% | $54,368▲13.6% | $15,687▲122% | $15,687▲122% | 990PF |
| 2024 | $35,000▼38.6% | $47,868▲24.8% | $7,055▼64.6% | $7,055▼64.6% | 990PF |
| 2023 | $57,000▲35.7% | $38,357▼27.4% | $19,923▲1456% | $19,923▲1456% | 990PF |
| 2022 | $42,000▼6.7% | $52,846▲39.6% | $1,280▼89.4% | $1,280▼89.4% | 990PF |
| 2021 | $45,000▲7.1% | $37,846▼3.8% | $12,126▲144% | $12,126▲144% | 990PF |
| 2020 | $42,000▲320% | $39,346▲184% | $4,972▲114% | $4,972▲114% | 990PF |
| 2019 | $10,000 | $13,841▼26.5% | $2,318▼62.4% | $2,318▼62.4% | 990PF |
| 2018 | $10,000▼33.3% | $18,840▲11.9% | $6,159▼58.9% | $6,159▼58.9% | 990PF |
| 2017 | $15,000▲50.0% | $16,841▲3.1% | $14,999▼10.9% | $14,999▼10.9% | 990PF |
| 2016 | $10,000 | $16,339▼5.6% | $16,840▼27.3% | $16,840▼27.3% | 990PF |
| 2015 | $10,000▼35.5% | $17,317▲40.2% | $23,179▼24.0% | $23,179▼24.0% | 990PF |
| 2014 | $15,500▲3.3% | $12,352▼7.2% | $30,496▲11.5% | $30,496▲11.5% | 990PF |
| 2013 | $15,000 | $13,316▲0.1% | $27,348▲6.6% | $27,348▲6.6% | 990PF |
| 2012 | — | $13,305▲4.2% | $25,664▲7.1% | $25,664▲7.1% | 990PF |
| 2011 | — | $12,770▼0.9% | $23,969▲10.3% | $23,969▲10.3% | 990PF |
| 2010 | — | $12,883 | $21,739 | $21,739 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Michael R Stedman Foundation (EIN 20-5044565) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.