Nonprofit · EIN 42-1074052
LEE ENDOWMENT FOUNDATION
Tax-exempt · MASON CITY, IA 50402
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | -$78,188 | $12,482 | -$90,670 | $500,405 | $0 | $500,405 |
| December 31, 2024 | 990-PF | -$36,664 | $16,123 | -$52,787 | $591,065 | $0 | $591,065 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Interest
- $123
- Net gain from sales of assets
- -$78,311
Expenses
- Grants and similar amounts paid
- $5,322
- Disbursements for charitable purposes
- $8,254
Balance sheet and other
- Total assets, start of year
- $591,075
- Total assets, end of year
- $500,405
- Total liabilities, end of year
- $0
- Net assets, end of year
- $500,405
- Fair market value of assets
- $58,840
- Qualifying distributions
- $8,254
- Net investment income
- $123
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 |
|---|---|---|---|
| RONALD L RICKMAN 4208 E 58 ST, DAVENPORT, IA 52807 | SEC/TREAS/DI | 1 | $0 |
| HOWARD KENNEDY 8555 WOOLWORTH AVE, OMAHA, NE 681241364 | PRES/DIRECTO | 1 | $0 |
| CD WATERMAN LANE WATERMAN LLP 220 N MAIN ST, DAVENPORT, IA 52801 | ASST SECRETA | 1 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RONALD L RICKMAN 4208 E 58 ST, DAVENPORT, IA 52807 | SEC/TREAS/DIRECTOR | 1 | $0 |
| HOWARD KENNEDY 8555 WOOLWORTH AVE, OMAHA, NE 681241364 | PRESIDENT/DIRECTOR | 1 | $0 |
| CD WATERMAN III LANE WATERMAN LLP 220 N MAIN ST, SUITE 600, DAVENPORT, IA 52801 | ASST SECRETARY | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1708, MASON CITY, IA 50402-1708
- In care of
- % FIRST CITIZENS TRUST COMPANY
- Signed the 990-PF
- CD WATERMAN LANE WATERMAN LLP, ASST SECRETARY
- Phone
- (641) 423-1600
- Return prepared by
- HOGAN - HANSEN PC
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
- 42-1074052
- 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
- 1977
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $500,405
- Income (IRS master file)
- $11,700
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | -$78,188 | $12,482 | $500,405 | IRS |
| 990-PF | December 2024 | -$36,664 | $16,123 | $591,065 | XML |
| 990-PF | December 2023 | -$84,105 | $25,901 | $643,852 | IRS |
| 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 42-1074052).
Questions about LEE ENDOWMENT FOUNDATION
- What is the EIN of LEE ENDOWMENT FOUNDATION?
- The employer identification number (EIN) of LEE ENDOWMENT FOUNDATION is 42-1074052.
- Is LEE ENDOWMENT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1977.
- Are donations to LEE ENDOWMENT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does LEE ENDOWMENT FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of LEE ENDOWMENT FOUNDATION 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 LEE ENDOWMENT FOUNDATION 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 LEE ENDOWMENT FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does LEE ENDOWMENT FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of -$78,188, expenses of $12,482 and total assets of $500,405 at year end.
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