Nonprofit · EIN 42-1412152
WEBSTER CITY COMMUNITY SCHOOL FOUNDATION
Tax-exempt · WEBSTER CITY, IA 50595
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $108,745 | $26,513 | $82,232 | $1,995,631 | $0 | $1,995,631 |
| December 31, 2023 | 990 | $80,821 | $32,002 | $48,819 | $1,829,277 | $0 | $1,829,277 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $90,527
- Net rental income
- $15,535
- Net gain from sales of assets
- -$64
- Other revenue
- $18,218
Expenses
- Grants and similar amounts paid
- $16,043
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $975
- Program services (functional)
- $16,043
- Management and general (functional)
- $10,470
Balance sheet and other
- Total assets, start of year
- $1,829,277
- Total assets, end of year
- $1,995,631
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,995,631
- Land, buildings and equipment
- $216,000
- Publicly traded securities
- $1,619,270
- Gross unrelated business income
- $2,683
- Gross receipts
- $536,887
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1993
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tim Anderson | President Trustee or director, Officer | 1 | $0 |
| Alyssa Schwering | Treasurer Trustee or director, Officer | 1 | $0 |
| Heidi Tesdahl | Secretary Trustee or director, Officer | 1 | $0 |
| Joyce Ostebee | Vice President Trustee or director, Officer | 1 | $0 |
| Jerita Nelson | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tim Anderson | President Trustee or director, Officer | 1 | $0 |
| Alyssa Schwering | Treasurer Trustee or director, Officer | 1 | $0 |
| Heidi Tesdahl | Secretary Trustee or director, Officer | 1 | $0 |
| Joyce Ostebee | Vice President Trustee or director, Officer | 1 | $0 |
| Jerita Nelson | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1021 BOONE ST, WEBSTER CITY, IA 50595-2707
- Principal officer (990 for 2024)
- Tim Anderson, 1021 Boone Street, WEBSTER CITY, IA 50595
- Signed the 990
- TIM ANDERSON, PRESIDENT
- Phone
- (515) 297-2250
- Return prepared by
- Ihle Tax & Accounting PLLC
Mission
Lessen the burdens of government through the establishment of an educational fund to raise money in the community for educational purposes and to assist in the development of curricular and extracurricular activities and programs within the Webster City Community School District
Program accomplishments
- Enhance the learning opportunities for all students in the Webster City School District by providing mini grants to staff members and summer school programs to meet this objective.Expenses $16,043 · grants $16,043
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 | Not 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
- 42-1412152
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T31)
- Assets (IRS master file)
- $1,995,631
- Income (IRS master file)
- $536,887
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $108,745 | $26,513 | $1,995,631 | XML |
| 990 | December 2023 | $80,821 | $32,002 | $1,829,277 | XML |
| 990 | December 2022 | $71,826 | $68,388 | $1,624,381 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | 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 42-1412152).
Questions about WEBSTER CITY COMMUNITY SCHOOL FOUNDATION
- What is the EIN of WEBSTER CITY COMMUNITY SCHOOL FOUNDATION?
- The employer identification number (EIN) of WEBSTER CITY COMMUNITY SCHOOL FOUNDATION is 42-1412152.
- Is WEBSTER CITY COMMUNITY SCHOOL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to WEBSTER CITY COMMUNITY SCHOOL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WEBSTER CITY COMMUNITY SCHOOL FOUNDATION 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 WEBSTER CITY COMMUNITY SCHOOL FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WEBSTER CITY COMMUNITY SCHOOL FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of WEBSTER CITY COMMUNITY SCHOOL FOUNDATION?
- The 990 for the year ended December 31, 2024 names Tim Anderson.
- Who are the officers and directors of WEBSTER CITY COMMUNITY SCHOOL FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does WEBSTER CITY COMMUNITY SCHOOL FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $108,745, expenses of $26,513 and total assets of $1,995,631 at year end.
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