Nonprofit · EIN 42-1304511
CENTER ONE FOUNDATION
Tax-exempt · HAMPTON, IA 50441
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $14,637 | $8,137 | $6,500 | $69,116 | $0 | $69,116 |
| December 31, 2024 | 990-PF | $12,666 | $18,314 | -$5,648 | $62,616 | $0 | $62,616 |
| December 31, 2023 | 990-PF | $8,958 | $15,294 | -$6,336 | $68,264 | $0 | $68,264 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Interest
- $2,235
- Net rental income
- $10,402
- Other income
- $2,000
Expenses
- Grants and similar amounts paid
- $6,500
- Disbursements for charitable purposes
- $6,500
- Excise tax on investment income
- $181
Balance sheet and other
- Total assets, start of year
- $62,616
- Total assets, end of year
- $69,116
- Total liabilities, end of year
- $0
- Net assets, end of year
- $69,116
- Fair market value of assets
- $69,116
- Qualifying distributions
- $6,500
- Net investment income
- $14,637
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 |
|---|---|---|---|
| JOE WEBER 1490 LAKE DRIVE, HAMPTON, IA 50441 | DIRECTOR | 2 | $0 |
| BRAD STALEY 1366A HWY 3, HAMPTON, IA 50441 | President/Treasurer | 3 | $0 |
| RON SCHERMER 909 2ND AVE SE, HAMPTON, IA 50441 | SECRETARY | 2 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOE WEBER 1490 LAKE DRIVE, HAMPTON, IA 50441 | DIRECTOR | 2 | $0 |
| BRAD STALEY 1366A HWY 3, HAMPTON, IA 50441 | President/Treasurer | 3 | $0 |
| RON SCHERMER 909 2ND AVE SE, HAMPTON, IA 50441 | SECRETARY | 2 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOE WEBER 1490 LAKE DRIVE, HAMPTON, IA 50441 | PRESIDENT | 5 | $0 |
| DUANE KELCH 2 2ND ST SE, HAMPTON, IA 50441 | SECRETARY | 5 | $0 |
| BRAD STALEY 21 4TH ST NE, HAMPTON, IA 50441 | DIRECTOR | 5 | $0 |
| RON SCHERMER 909 2ND AVE SE, HAMPTON, IA 50441 | DIRECTOR | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 1366 HIGHWAY 3 APT A, HAMPTON, IA 50441-7494
- In care of
- % FIRST NATIONAL BANK
- Signed the 990-PF
- Brad G Staley, President
- Phone
- (641) 456-3607
- Return prepared by
- Rachelle K Thompson CPA PLLC
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
- 42-1304511
- 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
- 1987
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $69,116
- Income (IRS master file)
- $14,637
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $14,637 | $8,137 | $69,116 | XML |
| 990-PF | December 2024 | $12,666 | $18,314 | $62,616 | XML |
| 990-PF | December 2023 | $8,958 | $15,294 | $68,264 | XML |
| 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 42-1304511).
Questions about CENTER ONE FOUNDATION
- What is the EIN of CENTER ONE FOUNDATION?
- The employer identification number (EIN) of CENTER ONE FOUNDATION is 42-1304511.
- Is CENTER ONE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to CENTER ONE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CENTER ONE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CENTER ONE 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 CENTER ONE 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 CENTER ONE FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does CENTER ONE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $14,637, expenses of $8,137 and total assets of $69,116 at year end.
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