Nonprofit · EIN 42-1425617
LAVERTY FOUNDATION
Tax-exempt · INDIANOLA, IA 50125
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $40,883 | $104,020 | -$63,137 | $1,025,743 | $0 | $1,025,743 |
| December 31, 2024 | 990-PF | $42,285 | $88,487 | -$46,202 | $1,088,208 | $0 | $1,088,208 |
| December 31, 2023 | 990-PF | $21,402 | $89,598 | -$68,196 | $1,134,410 | $0 | $1,134,410 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $40,073
- Net gain from sales of assets
- $810
Expenses
- Grants and similar amounts paid
- $85,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $92,261
- Excise tax on investment income
- $405
Balance sheet and other
- Total assets, start of year
- $1,088,208
- Total assets, end of year
- $1,025,743
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,025,743
- Fair market value of assets
- $1,670,632
- Qualifying distributions
- $92,261
- Net investment income
- $40,883
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 |
|---|---|---|---|
| ROBERT DOWNING 8489 HIGHWAY 65/69, INDIANOLA, IA 50125 | DIRECTOR | 0.25 | $0 |
| J ROBERT BURKHART 808 SUMMIT PLACE, INDIANOLA, IA 50125 | DIRECTOR | 0.25 | $0 |
990-PF for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT DOWNING 8489 HIGHWAY 65/69, INDIANOLA, IA 50125 | DIRECTOR | 0.25 | $0 |
| J ROBERT BURKHART 808 SUMMIT PLACE, INDIANOLA, IA 50125 | DIRECTOR | 0.25 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT DOWNING 8489 HIGHWAY 65/69, INDIANOLA, IA 50125 | DIRECTOR | 0.25 | $0 |
| J ROBERT BURKHART 808 SUMMIT PLACE 50125, INDIANOLA, IA 50125 | DIRECTOR | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- CO R DOWNING 8489 HIGHWAY 6569, INDIANOLA, IA 50125-0000
- In care of
- % R DOWNING
- Signed the 990-PF
- D ROBERT DOWNING, PRESIDENT
- Phone
- (515) 208-1805
- Return prepared by
- CREATIVE PLANNING TAX LLC
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
- 42-1425617
- 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
- 1994
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $1,025,743
- Income (IRS master file)
- $97,579
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $40,883 | $104,020 | $1,025,743 | IRS |
| 990-PF | December 2024 | $42,285 | $88,487 | $1,088,208 | XML |
| 990-PF | December 2023 | $21,402 | $89,598 | $1,134,410 | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 42-1425617).
Questions about LAVERTY FOUNDATION
- What is the EIN of LAVERTY FOUNDATION?
- The employer identification number (EIN) of LAVERTY FOUNDATION is 42-1425617.
- Is LAVERTY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to LAVERTY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does LAVERTY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of LAVERTY 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 LAVERTY 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 LAVERTY FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does LAVERTY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $40,883, expenses of $104,020 and total assets of $1,025,743 at year end.
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