Nonprofit · EIN 42-1347634
RACCOON VALLEY BANK CHARITABLE FOUNDATION
Tax-exempt · PERRY, IA 50220
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $75,000 | $138,510 | -$63,510 | $96,684 | $0 | $96,684 |
| December 31, 2024 | 990-PF | $75,000 | $127,001 | -$52,001 | $160,194 | $0 | $160,194 |
| December 31, 2023 | 990-PF | $75,000 | $40,442 | $34,558 | $212,195 | $0 | $212,195 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $75,000
Expenses
- Grants and similar amounts paid
- $138,510
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $138,510
Balance sheet and other
- Total assets, start of year
- $160,194
- Total assets, end of year
- $96,684
- Total liabilities, end of year
- $0
- Net assets, end of year
- $96,684
- Fair market value of assets
- $96,684
- Qualifying distributions
- $138,510
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 |
|---|---|---|---|
| Terry Nielsen 1202 Second Avenue PO Box 129, Perry, IA 50220 | President & Director | 1 | $0 |
| Kendall Rathje 1203 Second Avenue PO Box 129, Perry, IA 50220 | Secretary/Treasurer | 1 | $0 |
| Mike Compiano 1210 Second Avenue PO Box 129, Perry, IA 50220 | Director | 0.1 | $0 |
| Elizabeth Garst 1204 Second Avenue PO Box 129, Perry, IA 50220 | Director | 0.1 | $0 |
| Sarah Garst 1205 Second Avenue PO Box 129, Perry, IA 50220 | Director | 0.1 | $0 |
| Jane Clausen 1206 Second Avenue PO Box 129, Perry, IA 50220 | Director | 0.1 | $0 |
| Jon Peters 1207 Second Avenue PO Box 129, Perry, IA 50220 | Director | 0.1 | $0 |
| Sid Jones 1210 Second Avenue PO Box 129, Perry, IA 50220 | Director (Until July) | 0.1 | $0 |
| Dan Wilhelmi 1209 Second Avenue PO Box 129, Perry, IA 50220 | Director | 0.1 | $0 |
| Rueben Garst 1208 Second Avenue PO Box 129, Perry, IA 50220 | Director | 0.1 | $0 |
| Jeff Rose 1208 Second Avenue PO Box 129, Perry, IA 50220 | Director (Since October) | 0.1 | $0 |
990-PF for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Terry Nielsen 1202 Second Avenue PO Box 129, Perry, IA 50220 | President & Director | 1 | $0 |
| Kendall Rathje 1203 Second Avenue PO Box 129, Perry, IA 50220 | Secretary/Treasurer | 1 | $0 |
| Mike Compiano 1210 Second Avenue PO Box 129, Perry, IA 50220 | Director | 0.1 | $0 |
| Elizabeth Garst 1204 Second Avenue PO Box 129, Perry, IA 50220 | Director | 0.1 | $0 |
| Sarah Garst 1205 Second Avenue PO Box 129, Perry, IA 50220 | Director | 0.1 | $0 |
| Jane Clausen 1206 Second Avenue PO Box 129, Perry, IA 50220 | Director | 0.1 | $0 |
| Jon Peters 1207 Second Avenue PO Box 129, Perry, IA 50220 | Director | 0.1 | $0 |
| Sid Jones 1210 Second Avenue PO Box 129, Perry, IA 50220 | Director | 0.1 | $0 |
| Dan Wilhelmi 1209 Second Avenue PO Box 129, Perry, IA 50220 | Director | 0.1 | $0 |
| Rueben Garst 1208 Second Avenue PO Box 129, Perry, IA 50220 | Director | 0.1 | $0 |
990-PF for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Terry Nielsen 1202 Second Avenue PO Box 129, Perry, IA 50220 | President & Director | 1 | $0 |
| Kendall Rathje 1203 Second Avenue PO Box 129, Perry, IA 50220 | Secretary/Treasurer | 1 | $0 |
| Mike Compiano 1210 Second Avenue PO Box 129, Perry, IA 50220 | Director | 0.1 | $0 |
| Elizabeth Garst 1204 Second Avenue PO Box 129, Perry, IA 50220 | Director | 0.1 | $0 |
| Sarah Garst 1205 Second Avenue PO Box 129, Perry, IA 50220 | Director | 0.1 | $0 |
| Jane Clausen 1206 Second Avenue PO Box 129, Perry, IA 50220 | Director | 0.1 | $0 |
| Jon Peters 1207 Second Avenue PO Box 129, Perry, IA 50220 | Director | 0.1 | $0 |
| Sid Jones 1210 Second Avenue PO Box 129, Perry, IA 50220 | Director | 0.1 | $0 |
| Dan Wilhelmi 1209 Second Avenue PO Box 129, Perry, IA 50220 | Director | 0.1 | $0 |
| Rueben Garst 1208 Second Avenue PO Box 129, Perry, IA 50220 | Director | 0.1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 129, PERRY, IA 50220-0129
- Signed the 990-PF
- Kendall Rathje, Secretary/Treasurer
- Phone
- (515) 465-3521
- Return prepared by
- Eide Bailly 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 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
- 42-1347634
- 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
- 1990
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T21)
- Assets (IRS master file)
- $96,684
- Income (IRS master file)
- $75,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $75,000 | $138,510 | $96,684 | XML |
| 990-PF | December 2024 | $75,000 | $127,001 | $160,194 | XML |
| 990-PF | December 2023 | $75,000 | $40,442 | $212,195 | 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 42-1347634).
Questions about RACCOON VALLEY BANK CHARITABLE FOUNDATION
- What is the EIN of RACCOON VALLEY BANK CHARITABLE FOUNDATION?
- The employer identification number (EIN) of RACCOON VALLEY BANK CHARITABLE FOUNDATION is 42-1347634.
- Is RACCOON VALLEY BANK CHARITABLE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to RACCOON VALLEY BANK CHARITABLE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does RACCOON VALLEY BANK CHARITABLE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of RACCOON VALLEY BANK CHARITABLE 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 RACCOON VALLEY BANK CHARITABLE 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 RACCOON VALLEY BANK CHARITABLE FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does RACCOON VALLEY BANK CHARITABLE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $75,000, expenses of $138,510 and total assets of $96,684 at year end.
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