Nonprofit · EIN 42-1258772
CLEAR LAKE COMMUNITY SCHOOL FOUNDATION INC
Tax-exempt · CLEAR LAKE, IA 50428
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| April 30, 2025 | 990 | $93,073 | $123,850 | -$30,777 | $1,182,967 | $0 | $1,182,967 |
| April 30, 2024 | 990 | $106,136 | $115,312 | -$9,176 | $1,213,745 | $0 | $1,213,745 |
| April 30, 2023 | 990 | $9,990 | $88,050 | -$78,060 | $1,222,920 | $0 | $1,222,920 |
Financial details: 990 for the year ended April 30, 2025
Revenue
- Contributions, gifts and grants
- $9,994
- Program service revenue
- $0
- Investment income
- $83,079
- Net gain from sales of assets
- $16,850
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $118,209
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $1,890
- Program services (functional)
- $118,209
- Management and general (functional)
- $5,641
Balance sheet and other
- Total assets, start of year
- $1,213,745
- Total assets, end of year
- $1,182,967
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,182,967
- Gross receipts
- $717,934
- Employees
- 0
- Volunteers
- 10
- Year formed
- 2006
- State of legal domicile
- IA
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 April 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Douglas Grabinski | President Officer | 0 | $0 |
| Tom Lovell | Vice President Officer | 0 | $0 |
| Pam Pitkin | Secretary Officer | 10 | $0 |
| Ron Pitkin | Treasurer Officer | 0 | $0 |
990 for the year ended April 30, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Douglas Grabinski | President Officer | 10 | $0 |
| Tom Lovell | Vice President Officer | 0 | $0 |
| Pam Pitkin | Secretary Officer | 0 | $0 |
| Ron Pitkin | Treasurer Officer | 0 | $0 |
990 for the year ended April 30, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Douglas Grabinski | President Officer | 10 | $0 |
| Tom Lovell | Vice President Officer | 0 | $0 |
| Pam Pitkin | Secretary Officer | 0 | $0 |
| Ron Pitkin | Treasurer Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 357, CLEAR LAKE, IA 50428-0357
- In care of
- % DOUGLAS R GRABINSKI
- Principal officer (990 for 2024)
- Pam Pitkin, PO Box 357, Clear Lake, IA 50428
- Signed the 990
- Pam Pitkin, Secretary
- Phone
- (641) 529-1727
- Return prepared by
- POTTER & BRANT PLC
Mission
Provide scholarships for students of the Clear Lake Community School District based on academic acheivement and need.
Program accomplishments
- Funds provided to the Clear Lake Community School District to purchase educational related items outside of the school districts budget.Expenses $71,959
- Provided scholarships to graduates of Clear Lake, IA high school.Expenses $46,250
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 April, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | April 30, 2026 | September 15, 2026 | Not on file |
| 2024 | April 30, 2025 | September 15, 2025 | 990 on file |
| 2023 | April 30, 2024 | September 16, 2024 | 990 on file |
IRS record
- EIN
- 42-1258772
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2004
- Accounting year ends
- April
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $1,182,967
- Income (IRS master file)
- $717,934
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | April 2025 | $93,073 | $123,850 | $1,182,967 | XML |
| 990 | April 2024 | $106,136 | $115,312 | $1,213,745 | XML |
| 990 | April 2023 | $9,990 | $88,050 | $1,222,920 | XML |
| 990 | April 2022 | $475,538 | $46,667 | $1,300,980 | IRS |
| 990 | April 2021 | – | – | – | IRS |
| 990 | April 2020 | – | – | – | IRS |
| 990 | April 2019 | – | – | – | 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 42-1258772).
Questions about CLEAR LAKE COMMUNITY SCHOOL FOUNDATION INC
- What is the EIN of CLEAR LAKE COMMUNITY SCHOOL FOUNDATION INC?
- The employer identification number (EIN) of CLEAR LAKE COMMUNITY SCHOOL FOUNDATION INC is 42-1258772.
- Is CLEAR LAKE COMMUNITY SCHOOL FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to CLEAR LAKE COMMUNITY SCHOOL FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CLEAR LAKE COMMUNITY SCHOOL FOUNDATION INC 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 CLEAR LAKE COMMUNITY SCHOOL FOUNDATION INC due?
- The return for tax year 2025 (the year ending April 30, 2026) is due September 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CLEAR LAKE COMMUNITY SCHOOL FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended April 2025.
- Who is the principal officer of CLEAR LAKE COMMUNITY SCHOOL FOUNDATION INC?
- The 990 for the year ended April 30, 2025 names Pam Pitkin.
- Who are the officers and directors of CLEAR LAKE COMMUNITY SCHOOL FOUNDATION INC?
- The 990 for the year ended April 30, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does CLEAR LAKE COMMUNITY SCHOOL FOUNDATION INC have?
- On its 990 for the year ended April 30, 2025 it reported revenue of $93,073, expenses of $123,850 and total assets of $1,182,967 at year end.
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