Thomas E & Edna D Carpenter Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Thomas E & Edna D Carpenter Foundation is a 501(c)(3) organization based in Hastings, Minnesota, registered in 1973, with $1,305,242 in FY2023 revenue. CharityIndex grades it C+.
12805 Saint Croix Trl S, Hastings, MN, 55033 EIN 23-7275337 Since 1973
Revenue (FY2023)
$1.3M
▼ 12.3% vs prior year
Expenses (FY2023)
$1.6M
Net assets
$20.5M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
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 Thomas E & Edna D Carpenter Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating156 mo reserves · -21% margin
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 Thomas E & Edna D Carpenter Foundation: 156 mo reserves · -21% margin earns a C+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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 Thomas E & Edna D Carpenter Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
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 Thomas E & Edna D Carpenter Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $848K (FY2013) to $1.3M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $97KNet assets $20.5M
Operating margin
-20.6%
Spent more than it raised in the latest fiscal year.
Total assets
$20.6M
Total liabilities
$97K
Net assets
$20.5M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $1,305,242▼12.3% | $1,574,197▲9.9% | $20,510,680▲11.5% | $20,607,322▲11.8% | 990PF |
| 2022 | $1,487,734▼40.6% | $1,432,849▲11.7% | $18,392,818▲6.4% | $18,438,482▲6.3% | 990PF |
| 2021 | $2,504,579▲3.1% | $1,282,336▲14.7% | $17,292,793▼9.4% | $17,353,420▼9.5% | 990PF |
| 2020 | $2,429,752▲21.2% | $1,118,338▲6.1% | $19,084,036▲21.1% | $19,168,883▲20.3% | 990PF |
| 2019 | $2,004,246▲63.9% | $1,054,231▼9.4% | $15,754,142▲10.9% | $15,929,631▲10.9% | 990PF |
| 2018 | $1,222,581▲10.2% | $1,163,270▼1.2% | $14,208,430▼1.3% | $14,366,967▼0.7% | 990PF |
| 2017 | $1,109,680▲6.3% | $1,177,089▲2.2% | $14,390,051▲2.4% | $14,461,345▲2.4% | 990PF |
| 2016 | $1,044,260▲13.0% | $1,151,956▲17.5% | $14,059,336▲7.0% | $14,116,428▲6.9% | 990PF |
| 2015 | $924,209▼79.0% | $980,189▲5.6% | $13,142,593▲3.7% | $13,199,205▲3.7% | 990PF |
| 2014 | $4,409,675▲420% | $927,866▲4.9% | $12,677,654▲32.2% | $12,731,480▲32.2% | 990PF |
| 2013 | $847,762 | $884,876▼4.2% | $9,593,304▲4.6% | $9,633,206▲4.4% | 990PF |
| 2012 | — | $923,929▼1.1% | $9,170,907▲4.3% | $9,228,158▲4.1% | 990PF |
| 2011 | — | $934,146▲23.8% | $8,796,079▲1.2% | $8,861,911▲0.9% | 990PF |
| 2010 | — | $754,603 | $8,687,994 | $8,779,549 | 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.
Grants received · $490K total
26 grants to Thomas E & Edna D Carpenter Foundation totaling $490K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Minneapolis Foundation | Donor advised, environment | 2024 | $16,000 |
| Donor Advised Charitable Giving | Public, societal benefit | 2023 | $55,955 |
| Mightycause Charitable Foundation | — | 2023 | $5,166 |
| Donor Advised Charitable Giving | Public, societal benefit | 2022 | $8,250 |
| The Blackbaud Giving Fund | General support | 2022 | $7,436 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $6,075 |
| Mightycause Charitable Foundation | Unrestricted | 2022 | $5,954 |
| Thrivent Financial For Lutherans | General support | 2022 | $5,130 |
| Minneapolis Foundation | Donor-recommended, philanthropy | 2021 | $62,000 |
| American Endowment Foundation | Environmental | 2021 | $20,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $10,825 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $10,825 |
| Saint Paul & Minnesota Foundation | Multiple grants for multiple purposes | 2021 | $10,250 |
| Mightycause Charitable Foundation | Unrestricted | 2021 | $9,534 |
| Donor Advised Charitable Giving | Public, societal benefit | 2021 | $7,550 |
Frequently asked questions
- Is Thomas E & Edna D Carpenter Foundation a legitimate nonprofit?
- Yes. Thomas E & Edna D Carpenter Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7275337, based in Hastings, Minnesota. Donations are tax-deductible.
- What is Thomas E & Edna D Carpenter Foundation's EIN?
- Thomas E & Edna D Carpenter Foundation's Employer Identification Number (EIN) is 23-7275337.
- How much revenue does Thomas E & Edna D Carpenter Foundation report?
- Thomas E & Edna D Carpenter Foundation reported $1,305,242 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Thomas E & Edna D Carpenter Foundation have?
- CharityIndex grades Thomas E & Edna D Carpenter Foundation C+, based on financial health (reserves and operating margin).
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Data for Thomas E & Edna D Carpenter Foundation (EIN 23-7275337) 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.