Nonprofit · EIN 20-5124220
TRUMAN AND LORRAINE JULSETH SCHOLARSHIP FUND
Tax-exempt · NORTHWOOD, IA 50459
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $8,615 | $8,093 | $522 | $162,587 | $0 | $162,587 |
| December 31, 2024 | 990-PF | $8,434 | $8,146 | $288 | $148,518 | $0 | $148,518 |
| December 31, 2023 | 990-PF | $5,973 | $8,987 | -$3,014 | $4,296 | $0 | $0 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $8,246
- Interest
- $46
- Net gain from sales of assets
- $323
Expenses
- Grants and similar amounts paid
- $7,000
- Disbursements for charitable purposes
- $8,093
- Excise tax on investment income
- $105
Balance sheet and other
- Total assets, start of year
- $146,194
- Total assets, end of year
- $162,587
- Total liabilities, end of year
- $0
- Net assets, end of year
- $162,587
- Fair market value of assets
- $162,587
- Qualifying distributions
- $8,093
- Net investment income
- $8,615
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN A JULSETH 1159 410TH STREET, Kensett, IA 50448 | PRESIDENT | 0.1 | $0 |
| JOAN DIERENFELD 4646 MALLARD AVENUE, NORTHWOOD, IA 50459 | VICE PRESIDENT | 0.1 | $0 |
| ANDY JULSETH 900 CENTRAL AVENUE, NORTHWOOD, IA 50459 | SECRETARY TREASURER | 0.1 | $0 |
990-PF for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John Julseth 1159 410th Street, Kensett, IA 50448 | President | 1 | $0 |
| Joan Dierenfeld 4646 Mallard Avenue, Northwood, IA 50459 | Trustee | 1 | $0 |
| Andy Julseth 900 Central Avenue, Northwood, IA 50459 | Trustee | 1 | $0 |
| John H Greve P O Box 167, Northwood, IA 50459 | Sec/Treasurer | 1 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John Julseth 1159 410th Street, Kensett, IA 50448 | President | 1 | $0 |
| Joan Dierenfeld 4646 Mallard Avenue, Northwood, IA 50459 | Trustee | 1 | $0 |
| Andy Julseth 900 Central Avenue, Northwood, IA 50459 | Trustee | 1 | $0 |
| John H Greve P O Box 167, Northwood, IA 50459 | Sec/Treasurer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 99 5TH AVE N, NORTHWOOD, IA 50459-1147
- In care of
- % ANDY J JULSETH
- Signed the 990-PF
- ANDY J JULSETH, SECRETARY TREASURER
- Phone
- (641) 323-7180
- Return prepared by
- Krull Law Office
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 20-5124220
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $162,587
- Income (IRS master file)
- $37,292
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $8,615 | $8,093 | $162,587 | IRS |
| 990-PF | December 2024 | $8,434 | $8,146 | $148,518 | IRS |
| 990-PF | December 2023 | $5,973 | $8,987 | $4,296 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-5124220).
Questions about TRUMAN AND LORRAINE JULSETH SCHOLARSHIP FUND
- What is the EIN of TRUMAN AND LORRAINE JULSETH SCHOLARSHIP FUND?
- The employer identification number (EIN) of TRUMAN AND LORRAINE JULSETH SCHOLARSHIP FUND is 20-5124220.
- Is TRUMAN AND LORRAINE JULSETH SCHOLARSHIP FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to TRUMAN AND LORRAINE JULSETH SCHOLARSHIP FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does TRUMAN AND LORRAINE JULSETH SCHOLARSHIP FUND file?
- Form 990-PF. Private foundations file every year.
- When is the next return of TRUMAN AND LORRAINE JULSETH SCHOLARSHIP FUND due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TRUMAN AND LORRAINE JULSETH SCHOLARSHIP FUND last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of TRUMAN AND LORRAINE JULSETH SCHOLARSHIP FUND?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does TRUMAN AND LORRAINE JULSETH SCHOLARSHIP FUND have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $8,615, expenses of $8,093 and total assets of $162,587 at year end.
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