The 1040 Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ALEXANDRIA, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 27 grants totaling $150K. Net investment income was $185K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.9M
+1.6% YoY
Annual Giving
$150K
-2.4% YoY
Grant Count
27
+8.0% YoY
Avg Grant Size
$6K
-9.7% YoY
Under IRS private-foundation payout rules, The 1040 Foundation reported a distributable amount of $174K for 2024 — the minimum it must pay out in qualifying distributions.
About The 1040 Foundation
Based on IRS filings
The 1040 Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ALEXANDRIA, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 27 grants totaling $150K. Net investment income was $185K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,912,167 | $1,882,112 | $1,856,453 |
| Revenue | $196,882 | $194,262 | $122,222 |
| Expenses | $168,625 | $168,933 | $183,596 |
| Qualifying Distributions | $153,568 | $157,243 | $170,461 |
| Net Investment Income | $184,937 | $183,609 | $111,087 |
| Distributable Amount | $173,924 | $153,497 | $157,164 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
125 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Boulder Community Hospital ($15,000), University of Colorado Hospital Foundation ($15,000), Clinica Campesina Family Health Services ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ANDERSON RANCH ARTS FOUNDATION SNOWMASS VILLAGE, CO | OPERATING SUPPORT | $2,500 |
| BOULDER COMMUNITY HOSPITAL BOULDER, CO | OPERATING SUPPORT | $15,000 |
| BOULDER FOOD RESCUE BOULDER, CO | OPERATING SUPPORT | $5,000 |
| BOULDER JEWISH COMMUNITY CENTER BOULDER, CO | OPERATING SUPPORT | $5,000 |
| BOULDER MUSEUM OF CONTEMPORARY ART BOULDER, CO | OPERATING SUPPORT | $2,500 |
| BOULDER SHELTER FOR THE HOMELESS BOULDER, CO | OPERATING SUPPORT | $5,475 |
| CLARE MATRIX SANTA MONICA, CA | OPERATING SUPPORT | $7,500 |
| CLINICA CAMPESINA FAMILY HEALTH SERVICES LAFAYETTE, CO | OPERATING SUPPORT | $10,000 |
| COLORADO PUBLIC RADIO CENTENNIAL, CO | OPERATING SUPPORT | $2,500 |
| COLORADO THERAPEUTIC RIDING LONGMONT, CO | OPERATING SUPPORT | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICK KOOPMAN | PRESIDENT | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The 1040 Foundation?
The 1040 Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ALEXANDRIA, VA. It holds $1.9M in total assets as of 2024.
How large is The 1040 Foundation?
As of 2024, The 1040 Foundation holds $1.9M in total assets with $197K in annual revenue. It awarded 27 grants totaling $150K in 2024.
Where does The 1040 Foundation operate?
The 1040 Foundation has awarded grants in California, Colorado, Connecticut, Florida, North Carolina, Wyoming.
What size grants does The 1040 Foundation award?
In 2024, The 1040 Foundation awarded 27 grants totaling $150K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is The 1040 Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The 1040 Foundation reported a distributable amount of $174K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The 1040 Foundation's EIN?
The 1040 Foundation's EIN (Employer Identification Number) is 30-6057235. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The 1040 Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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