The Silseth Foundation
EIN 853068681 Private FoundationAbout
The Silseth Foundation (EIN: 85-3068681) respectfully requests abatement of any penalties for late filing of Form 990-PF for taxable year ending December 31, 2020 because the delay was inadvertent, unintended, and due to reasonable causes. Treasury Regulations Section 301.6651-1(c)(1) defines reasonable cause by asking whether the taxpayer exercised ordinary business care and prudence. The Foundation exercised care and prudence in seeking a reputable firm knowledgeable about exempt organizations to prepare its Form 990-PF for tax period ending 12/31/2020. The Foundation's 2020 Form 990-PF was timely filed on May 3, 2021. The return was originally mailed to the IRS, but was returned along with a notice instructing the Foundation to submit the return electronically. The Foundation's administrator advised the Foundation to submit the return for paper filing initially because at the time the return was filed, the foundation's exempt application was still pending and the IRS does not have the capability to accept e-filed returns for exempt organizations where tax exempt status is still pending. The foundation has since received their federal tax exempt status, and the foundation's administrator is now submitting the return via e-file, and the delay in filing Form 990-PF for the taxable year ending 2020 is no fault or willful neglect of the foundation. According to the standards set forth in Rev. Proc. 92-85, we believe the Foundation's actions were reasonable and in good faith. These administrative actions were in no way an intentional disregard of the IRS rules and therefore entitled to abatement of any penalty. The organization acted in good faith in complying with the filing deadline and in rectifying the situation as soon as it was known. Therefore, we again request that no penalty be assessed for late filing.
Focus Areas
Application Information
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2020 | N/A | $331K | $333K | N/A |
| 2021 | $54K | $1.0M | $577K | 5 |
| 2022 | $218K | $999K | $448K | 26 |
| 2023 | $369K | $6.9M | $5.4M | 38 |
| 2024 | $442K | $8.4M | $256K | 47 |
Grant Size Distribution
Based on 116 grants on record
Geographic Distribution
Officers & Directors
Grants Awarded (116 total)
| Purpose | ||||
|---|---|---|---|---|
| Elmbrook Church | Brookfield, WI | $84,000 | General & Unrestricted | 2024 |
| Elmbrook Church | Brookfield, WI | $61,000 | General & Unrestricted | 2023 |
| Elmbrook Church | Brookfield, WI | $50,000 | General & Unrestricted | 2022 |
| Elmbrook Church | Brookfield, WI | $48,000 | General & Unrestricted | 2021 |
| World Relief Corporation of National Association O | Washington, DC | $35,000 | General & Unrestricted | 2023 |
| Elmbrook Church | Brookfield, WI | $32,000 | Harvest Fund | 2024 |
| Elmbrook Church | Brookfield, WI | $30,000 | Elmbrook Church Harvest Fund | 2023 |
| Massachusetts General Hospital | Boston, MA | $25,000 | Denise Faustman lab fund | 2023 |
| Faith Bible Church of Naples Inc | Naples, FL | $25,000 | Building Fund | 2024 |
| Massachusetts General Hospital | Boston, MA | $25,000 | Dr Denise Faustman Lab | 2024 |
| Massachusetts General Hospital | Boston, MA | $25,000 | Faustman Lab program | 2022 |
| Christian Solidarity International Inc | Westlake Vlg, CA | $20,000 | General & Unrestricted | 2023 |
| Milwaukee Rescue Mission | Milwaukee, WI | $20,000 | General & Unrestricted | 2023 |
| Christian Solidarity International Inc | Westlake Vlg, CA | $20,000 | General & Unrestricted | 2024 |
| Christian Solidarity International Inc | Westlake Vlg, CA | $20,000 | General & Unrestricted | 2022 |
| Elmbrook Church | Brookfield, WI | $15,179 | Worship Arts Director AV Equipment fund | 2022 |
| Brooklink Inc | Brookfield, WI | $15,000 | General & Unrestricted | 2023 |
| The Salvation Army of Greater Milwaukee | Milwaukee, WI | $15,000 | General & Unrestricted | 2023 |
| Brooklink Inc | Brookfield, WI | $15,000 | General & Unrestricted | 2024 |
| Milwaukee Rescue Mission | Milwaukee, WI | $15,000 | General & Unrestricted | 2024 |
| The Salvation Army of Greater Milwaukee | Milwaukee, WI | $15,000 | General & Unrestricted | 2024 |
| World Relief Corporation of National Association O | Washington, DC | $15,000 | General & Unrestricted | 2024 |
| Faith Bible Church of Naples Inc | Naples, FL | $12,000 | General & Unrestricted | 2023 |
| Faith Bible Church of Naples Inc | Naples, FL | $12,000 | General & Unrestricted | 2024 |
| Food Pantry of Waukesha County Inc | Waukesha, WI | $10,000 | General & Unrestricted | 2023 |
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