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Nonprofit · EIN 42-1214699

FARRER ENDOWMENT FOUNDATION

Tax-exempt · MASON CITY, IA 50402

Financials

$172K$332K2023$527K$319K2024$622K$358K2025
Revenue Expenses · by fiscal year end
Financials of FARRER ENDOWMENT FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$622,374$358,019$264,355$6,000,671-$7,600$6,008,271
December 31, 2024990-PF$527,009$318,635$208,374$5,739,516-$4,400$5,743,916
December 31, 2023990-PF$171,785$331,655-$159,870$5,531,835-$3,710$5,535,545
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Dividends
$180,344
Net gain from sales of assets
$442,030

Expenses

Grants and similar amounts paid
$342,000
Disbursements for charitable purposes
$346,129
Excise tax on investment income
$8,587

Balance sheet and other

Total assets, start of year
$5,739,516
Total assets, end of year
$6,000,671
Total liabilities, end of year
-$7,600
Net assets, end of year
$6,008,271
Fair market value of assets
$7,861,232
Qualifying distributions
$346,129
Net investment income
$622,374

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.

NameTitleHours / weekCompensation
COLLIN DAVISON
MASON, CITY, IA 50401
PRESIDENT7$0
FRANK B INGHRAM
MASON, CITY, IA 50401
V-P, TREASURER12$0
GERALD M STAMBAUGH
MASON, CITY, IA 50401
SECY7$0
990-PF for the year ended December 31, 2024: 3 people
NameTitleHours / weekCompensation
COLLIN DAVISON
MASON, CITY, IA 50401
PRESIDENT7$0
FRANK B INGHRAM
MASON, CITY, IA 50401
V-P, TREASURER12$0
GERALD M STAMBAUGH
MASON, CITY, IA 50401
SECY7$0
990-PF for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
COLLIN DAVISON
MASON, CITY, IA 50401
PRESIDENT7$0
FRANK B INGHRAM
MASON, CITY, IA 50401
V-P, TREASURER12$0
GERALD M STAMBAUGH
MASON, CITY, IA 50401
SEC'Y7$0

Address and contacts

Address (IRS master file)
PO BOX 1567, MASON CITY, IA 50402-1567
Signed the 990-PF
GERALD M STAMBAUGH, SECRETARY
Phone
(641) 423-5154
Return prepared by
LAIRD LAW FIRM PLC

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

IRS record

EIN
42-1214699
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
1984
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$6,000,671
Income (IRS master file)
$1,413,398

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$622,374$358,019$6,000,671IRS
990-PFDecember 2024$527,009$318,635$5,739,516XML
990-PFDecember 2023$171,785$331,655$5,531,835XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 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 42-1214699).

Questions about FARRER ENDOWMENT FOUNDATION

What is the EIN of FARRER ENDOWMENT FOUNDATION?
The employer identification number (EIN) of FARRER ENDOWMENT FOUNDATION is 42-1214699.
Is FARRER ENDOWMENT FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
Are donations to FARRER ENDOWMENT FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does FARRER ENDOWMENT FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of FARRER 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 FARRER 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 FARRER 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 FARRER ENDOWMENT FOUNDATION have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $622,374, expenses of $358,019 and total assets of $6,000,671 at year end.

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