Nonprofit · EIN 42-1411511
ARTHUR W SMITH & AUDREY SMITH FOUNDATION
Tax-exempt · CLEAR LAKE, IA 50428
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $80,834 | $55,525 | $25,309 | $893,465 | $0 | $893,465 |
| December 31, 2024 | 990-PF | $86,174 | $48,596 | $37,578 | $867,227 | $0 | $867,227 |
| December 31, 2023 | 990-PF | $24,158 | $52,064 | -$27,906 | $828,789 | $0 | $828,789 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $26,502
- Interest
- $54
- Net gain from sales of assets
- $54,268
- Other income
- $10
Expenses
- Grants and similar amounts paid
- $45,343
- Compensation of officers, directors and key employees
- $8,166
- Disbursements for charitable purposes
- $47,384
- Excise tax on investment income
- $1,010
Balance sheet and other
- Total assets, start of year
- $867,227
- Total assets, end of year
- $893,465
- Total liabilities, end of year
- $0
- Net assets, end of year
- $893,465
- Fair market value of assets
- $1,100,822
- Qualifying distributions
- $47,384
- Net investment income
- $80,834
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 |
|---|---|---|---|
| CLEAR LAKE BANK & TRUST 100 EAST STATE ST, MASON CITY, IA 50401 | TRUSTEE | 1 | $8,166 |
990-PF for the year ended December 31, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CLEAR LAKE BANK & TRUST 100 EAST STATE ST, MASON CITY, IA 50401 | TRUSTEE | 1 | $7,732 |
990-PF for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CLEAR LAKE BANK & TRUST 100 EAST STATE ST, MASON CITY, IA 50401 | TRUSTEE | 1 | $7,217 |
Address and contacts
- Address (IRS master file)
- PO BOX 8, CLEAR LAKE, IA 50428-0008
- In care of
- % COMMUNITY NATIONAL BANK
- Signed the 990-PF
- CLEAR LAKE BANK TRUST, TRUSTEE
- Phone
- (641) 428-9412
- Return prepared by
- HARRISON & ASSOCIATES CPAS 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
- 42-1411511
- 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
- 1995
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30Z)
- Assets (IRS master file)
- $893,465
- Income (IRS master file)
- $284,287
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $80,834 | $55,525 | $893,465 | IRS |
| 990-PF | December 2024 | $86,174 | $48,596 | $867,227 | XML |
| 990-PF | December 2023 | $24,158 | $52,064 | $828,789 | 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 42-1411511).
Questions about ARTHUR W SMITH & AUDREY SMITH FOUNDATION
- What is the EIN of ARTHUR W SMITH & AUDREY SMITH FOUNDATION?
- The employer identification number (EIN) of ARTHUR W SMITH & AUDREY SMITH FOUNDATION is 42-1411511.
- Is ARTHUR W SMITH & AUDREY SMITH FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to ARTHUR W SMITH & AUDREY SMITH FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does ARTHUR W SMITH & AUDREY SMITH FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of ARTHUR W SMITH & AUDREY SMITH 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 ARTHUR W SMITH & AUDREY SMITH 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 ARTHUR W SMITH & AUDREY SMITH FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 1 person; 1 received compensation from the organization, the highest $8,166 (CLEAR LAKE BANK & TRUST, TRUSTEE).
- How much revenue does ARTHUR W SMITH & AUDREY SMITH FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $80,834, expenses of $55,525 and total assets of $893,465 at year end.
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