Nonprofit · EIN 42-1356317
E JOE LUNDSGAARD EDUCATIONAL TRUST
Tax-exempt · CHEROKEE, IA 51012
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $16,054 | $12,607 | $3,447 | $505,949 | $0 | $505,949 |
| December 31, 2024 | 990 | $47,049 | $15,498 | $31,551 | $502,502 | $0 | $502,502 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $16,054
- Net gain from sales of assets
- $6,445
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $7,662
- Compensation of officers, directors and key employees
- $3,076
- Salaries, compensation and benefits (total)
- $3,076
- Professional fundraising fees
- $0
- Accounting fees
- $1,800
- Program services (functional)
- $12,607
Balance sheet and other
- Total assets, start of year
- $502,502
- Total assets, end of year
- $505,949
- Total liabilities, end of year
- $0
- Net assets, end of year
- $505,949
- Publicly traded securities
- $285,909
- Net assets without donor restrictions
- $505,949
- Gross receipts
- $56,209
- Employees
- 0
- Year formed
- 2000
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHEROKEE STATE BANK | TRUSTEE Institutional trustee | 1 | $3,076 |
990 for the year ended December 31, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHEROKEE STATE BANK | TRUSTEE Institutional trustee | 1 | $2,970 |
Address and contacts
- Address (IRS master file)
- CHEROKEE STATE BANK 212 W WILLOW, CHEROKEE, IA 51012-0000
- In care of
- % CHEROKEE STATE BANK
- Mailing address (990-N for 2019)
- 212 WEST WILLOW, CHEROKEE IA 51012
- Principal officer (990 for 2025)
- CHEROKEE STATE BANK, 212 W WILLOW, CHEROKEE, IA 51012
- Signed the 990
- CHEROKEE STATE BANK, TRUSTEE
- Phone
- (712) 225-3000
- Return prepared by
- BURKHARDT & DAWSON CPAS
Mission
TUITION GRANTS AND SUBSIDIZE TUITION
Program accomplishments
- TUITION GRANTS & SUBSIDIZE TUITIONExpenses $12,607 · grants $7,662
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 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 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 42-1356317
- 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
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $505,949
- Income (IRS master file)
- $56,209
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | – | – | – | IRS |
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $17,882 | $17,170 | $470,951 | IRS |
| 990 | December 2022 | -$15,806 | $8,058 | $470,239 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2019 | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about E JOE LUNDSGAARD EDUCATIONAL TRUST
- What is the EIN of E JOE LUNDSGAARD EDUCATIONAL TRUST?
- The employer identification number (EIN) of E JOE LUNDSGAARD EDUCATIONAL TRUST is 42-1356317.
- Is E JOE LUNDSGAARD EDUCATIONAL TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to E JOE LUNDSGAARD EDUCATIONAL TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does E JOE LUNDSGAARD EDUCATIONAL TRUST 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 E JOE LUNDSGAARD EDUCATIONAL TRUST 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 E JOE LUNDSGAARD EDUCATIONAL TRUST last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of E JOE LUNDSGAARD EDUCATIONAL TRUST?
- The 990 for the year ended December 31, 2025 names CHEROKEE STATE BANK.
- Who are the officers and directors of E JOE LUNDSGAARD EDUCATIONAL TRUST?
- The 990 for the year ended December 31, 2025 lists 1 person; 1 received compensation from the organization, the highest $3,076 (CHEROKEE STATE BANK, TRUSTEE).
- How much revenue does E JOE LUNDSGAARD EDUCATIONAL TRUST have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $16,054, expenses of $12,607 and total assets of $505,949 at year end.
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