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Nonprofit · EIN 41-6014917

JOHN R VANDERLIP TR U/A 1062 NECT

Tax-exempt · SAINT PAUL, MN 55164

Financials

$123K$224K2023$264K$224K2024$520K$229K2025
Revenue Expenses · by fiscal year end
Financials of JOHN R VANDERLIP TR U/A 1062 NECT by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$520,111$229,302$290,809$3,077,607$0$3,077,607
December 31, 2024990$264,327$223,730$40,597$2,787,178$0$2,787,178
December 31, 2023990$123,258$223,976-$100,718$2,746,571$0$2,746,571
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$519,996
Net gain from sales of assets
$399,957
Other revenue
$115

Expenses

Grants and similar amounts paid
$209,180
Compensation of officers, directors and key employees
$16,651
Salaries, compensation and benefits (total)
$16,651
Professional fundraising fees
$0
Legal fees
$60
Accounting fees
$1,500
Program services (functional)
$212,430
Management and general (functional)
$16,872

Balance sheet and other

Total assets, start of year
$2,787,178
Total assets, end of year
$3,077,607
Total liabilities, end of year
$0
Net assets, end of year
$3,077,607
Publicly traded securities
$2,956,904
Gross receipts
$1,097,252
Employees
0
Year formed
1935
State of legal domicile
MN

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 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
US BANK NATIONAL ASSOCIATIONTRUSTEE
Institutional trustee
1$16,651
990 for the year ended December 31, 2024: 1 people
NameTitleHours / weekCompensation
US BANK NATIONAL ASSOCIATIONTRUSTEE
Institutional trustee
–$15,594
990 for the year ended December 31, 2023: 1 people
NameTitleHours / weekCompensation
US BANK NATIONAL ASSOCIATIONTRUSTEE
Institutional trustee
–$13,604

Address and contacts

Address (IRS master file)
PO BOX 64193, SAINT PAUL, MN 55164-0193
In care of
% 1ST BANK NA ASSN TTEE TR TAX SERV
Principal officer (990 for 2025)
U S BANK N A
Signed the 990
U S BANK N A BY, TRUSTEE
Phone
(888) 265-7962
Return prepared by
PWC US TAX LLP

Mission

TO PROVIDE FIXED AND REGULAR INCOME TO THE MINNEAPOLIS INSTITUTE OF ARTS AND THE MINNEAPOLIS COLLEGE OF ART & DESIGN.

990 for the year ended December 31, 2025

Program accomplishments

  • FUNDING SUPPORT FOR THE MINNEAPOLIS INSTITUTE OF ARTS
    Expenses $106,215 · grants $104,590
  • FUNDING SUPPORT FOR THE MINNEAPOLIS COLLEGE OF ART & DESIGN
    Expenses $106,215 · grants $104,590

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
41-6014917
Exempt since
1972
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$3,077,607
Income (IRS master file)
$1,097,252

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$520,111$229,302$3,077,607IRS
990December 2024$264,327$223,730$2,787,178IRS
990December 2023$123,258$223,976$2,746,571XML
990December 2022–––IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 41-6014917).

Questions about JOHN R VANDERLIP TR U/A 1062 NECT

What is the EIN of JOHN R VANDERLIP TR U/A 1062 NECT?
The employer identification number (EIN) of JOHN R VANDERLIP TR U/A 1062 NECT is 41-6014917.
Is JOHN R VANDERLIP TR U/A 1062 NECT tax-exempt?
Yes. The IRS lists it as tax-exempt since 1972.
Which annual return does JOHN R VANDERLIP TR U/A 1062 NECT file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of JOHN R VANDERLIP TR U/A 1062 NECT 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 JOHN R VANDERLIP TR U/A 1062 NECT last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of JOHN R VANDERLIP TR U/A 1062 NECT?
The 990 for the year ended December 31, 2025 names U S BANK N A.
Who are the officers and directors of JOHN R VANDERLIP TR U/A 1062 NECT?
The 990 for the year ended December 31, 2025 lists 1 person; 1 received compensation from the organization, the highest $16,651 (US BANK NATIONAL ASSOCIATION, TRUSTEE).
How much revenue does JOHN R VANDERLIP TR U/A 1062 NECT have?
On its 990 for the year ended December 31, 2025 it reported revenue of $520,111, expenses of $229,302 and total assets of $3,077,607 at year end.

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