Community Asset Foundation
Develop, construct, and renovate community assets in partnership with community operating entities.
Community Asset Foundation at a glance
- Total assets
- $17,260,847
- +4.9% vs 2024
- Revenue (2025)
- $6,340,861
- -5.6% vs 2024
- Expenses (2025)
- $6,175,493
- +15.3% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Community Asset Foundation funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was in the $100–250K range: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $2K (2020) to $244K (2024). In 2024 it made 1 grant totaling $244K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Carver County Community Land Trust Chaska, MN | To Help the Homeless | $244,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $17,260,847 | $6,340,861 | $6,175,493 | — | — | — |
| 2024 | $16,460,248 | $6,717,918 | $5,354,736 | $244,000 | 1 | — |
| 2023 | $13,123,945 | $4,337,143 | $4,951,529 | — | — | — |
| 2022 | $13,869,790 | $4,083,929 | $4,649,279 | — | — | — |
| 2021 | $14,331,709 | $3,891,331 | $4,430,853 | — | — | — |
| 2020 | $15,161,328 | $4,233,264 | $4,499,506 | $2,100 | Total only | — |
| 2019 | $15,733,426 | $3,434,804 | $3,754,527 | — | — | $287 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Community Asset Foundation
Based on IRS filings
Community Asset Foundation is a public charity focused on Housing & Shelter, based in Chaska, MN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $17.3M in total assets.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Community Asset Foundation is led by Bruce Lundgren, Chairman on every filing since 2019; none of the 6 officers listed in 2025 report compensation.
Officers on the 2025 filing
Bruce Lundgren
Chairman
On filings since 2019
1 hr/week
No compensation reported
Chad Dockter
Member
On filings since 2019
1 hr/week
No compensation reported
David Pokorney
Treasurer
On filings since 2019
10 hrs/week
No compensation reported
Gary Klatt
Member
On filings since 2019
1 hr/week
No compensation reported
Luke Melchert
Member
On filings since 2019
1 hr/week
No compensation reported
Richard Ford
Member
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Community Asset Foundation
How large is Community Asset Foundation?
Community Asset Foundation reported $17.3M in total assets on its 2025 IRS Form 990. Its revenue that year was $6.3M.
What is Community Asset Foundation?
Community Asset Foundation is a public charity focused on Housing & Shelter, based in Chaska, MN. It holds $17.3M in total assets as of 2025.
Where does Community Asset Foundation operate?
Community Asset Foundation has awarded grants in Minnesota.
What is Community Asset Foundation's EIN?
Community Asset Foundation's EIN (Employer Identification Number) is 27-0268016. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2024 (received by the IRS April 15, 2025)
- Added Form 990 for fiscal year 2019 (received by the IRS January 28, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS March 8, 2021)
- Added Form 990 for fiscal year 2025 (received by the IRS May 13, 2026)
Live grants for the work Community Asset Foundation funds
Housing & Shelter Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Community Asset Foundation's focus areas in our free grants database
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Figures come from Community Asset Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Community Asset Foundation down — hundreds of funders to go?