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Nonprofit · EIN 42-1298057

DENNY AND CANDY ELWELL FOUNDATION

Tax-exempt · ANKENY, IA 50021

Financials

$986K$224K2023$1.1M$338K2024$2M$819K2025
Revenue Expenses · by fiscal year end
Financials of DENNY AND CANDY ELWELL FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$2,033,975$819,351$1,214,624$4,284,593$0$4,284,593
December 31, 2024990-PF$1,117,292$338,250$779,042$3,540,798$8,185$3,532,613
December 31, 2023990-PF$986,037$223,937$762,100$2,761,756$8,185$2,753,571
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$717,549
Dividends
$765,870
Net rental income
-$6,297
Net gain from sales of assets
$472,255

Expenses

Grants and similar amounts paid
$725,800
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$725,800
Excise tax on investment income
$17,039

Balance sheet and other

Total assets, start of year
$3,540,798
Total assets, end of year
$4,284,593
Total liabilities, end of year
$0
Net assets, end of year
$4,284,593
Fair market value of assets
$27,689,231
Qualifying distributions
$725,800
Net investment income
$1,316,426

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
DENNIS L ELWELL
PO BOX 187, ANKENY, IA 50021
PRES, TREAS & DIRECTOR0.25$0
CANDY ELWELL
PO BOX 187, ANKENY, IA 50021
VP, SEC & DIRECTOR0.25$0
BRIANNA ELWELL KINSLEY
PO BOX 187, ANKENY, IA 50021
DIRECTOR0.25$0
CHRISTIAN M MURRAY
PO BOX 187, ANKENY, IA 50021
DIRECTOR0.25$0
990-PF for the year ended December 31, 2024: 4 people
NameTitleHours / weekCompensation
DENNIS L ELWELL
PO BOX 187, ANKENY, IA 50021
PRES, TREAS & DIRECTOR0.25$0
CANDY ELWELL
PO BOX 187, ANKENY, IA 50021
VP, SEC & DIRECTOR0.25$0
BRIANNA ELWELL KINSLEY
PO BOX 187, ANKENY, IA 50021
DIRECTOR0.25$0
CHRISTIAN M MURRAY
PO BOX 187, ANKENY, IA 50021
DIRECTOR0.25$0
990-PF for the year ended December 31, 2023: 2 people
NameTitleHours / weekCompensation
DENNIS L ELWELL
PO BOX 187, ANKENY, IA 50021
PRES & DIRECTOR0.25$0
CANDY ELWELL
PO BOX 187, ANKENY, IA 50021
DIRECTOR0.25$0

Address and contacts

Address (IRS master file)
PO BOX 187, ANKENY, IA 50021-0187
Signed the 990-PF
DENNIS L ELWELL, PRESIDENT
Phone
(515) 964-1587
Return prepared by
RSM US LLP

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
42-1298057
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
1988
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$4,284,593
Income (IRS master file)
$2,761,720

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$2,033,975$819,351$4,284,593IRS
990-PFDecember 2024$1,117,292$338,250$3,540,798XML
990-PFDecember 2023$986,037$223,937$2,761,756XML
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 42-1298057).

Questions about DENNY AND CANDY ELWELL FOUNDATION

What is the EIN of DENNY AND CANDY ELWELL FOUNDATION?
The employer identification number (EIN) of DENNY AND CANDY ELWELL FOUNDATION is 42-1298057.
Is DENNY AND CANDY ELWELL FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
Are donations to DENNY AND CANDY ELWELL FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does DENNY AND CANDY ELWELL FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of DENNY AND CANDY ELWELL 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 DENNY AND CANDY ELWELL 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 DENNY AND CANDY ELWELL FOUNDATION?
The 990-PF for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
How much revenue does DENNY AND CANDY ELWELL FOUNDATION have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $2,033,975, expenses of $819,351 and total assets of $4,284,593 at year end.

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