Nonprofit · EIN 42-1448100
IOWA STATE BANK CHARITABLE FOUNDATION
Tax-exempt · SAC CITY, IA 50583
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $60,000 | $64,610 | -$4,610 | $6,693 | $0 | $6,693 |
| December 31, 2024 | 990-PF | $60,000 | $63,780 | -$3,780 | $11,303 | $0 | $11,303 |
| December 31, 2023 | 990-PF | $48,000 | $48,405 | -$405 | $15,083 | $0 | $15,083 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $60,000
Expenses
- Grants and similar amounts paid
- $64,610
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $64,610
Balance sheet and other
- Total assets, start of year
- $11,303
- Total assets, end of year
- $6,693
- Total liabilities, end of year
- $0
- Net assets, end of year
- $6,693
- Fair market value of assets
- $6,693
- Qualifying distributions
- $64,610
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 |
|---|---|---|---|
| Steven Spotts c/o Iowa State Bank PO Box 486, Sac City, IA 50583 | President | 1 | $0 |
| Linda Olson c/o Iowa State Bank PO Box 486, Sac City, IA 50583 | Secretary/Treasurer | 1 | $0 |
990-PF for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Steven Spotts c/o Iowa State Bank PO Box 486, Sac City, IA 50583 | President | 1 | $0 |
| Linda Olson c/o Iowa State Bank PO Box 486, Sac City, IA 50583 | Secretary/Treasurer | 1 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Steven Spotts c/o Iowa State Bank PO Box 486, Sac City, IA 50583 | President | 1 | $0 |
| Linda Olson c/o Iowa State Bank PO Box 486, Sac City, IA 50583 | Secretary/Treasurer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 486, SAC CITY, IA 50583-0486
- In care of
- % E J LEAHY
- Signed the 990-PF
- Steven D Spotts, President
- Phone
- (712) 662-4721
- 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
- 42-1448100
- 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
- 1997
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T99Z)
- Assets (IRS master file)
- $6,693
- Income (IRS master file)
- $60,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $60,000 | $64,610 | $6,693 | XML |
| 990-PF | December 2024 | $60,000 | $63,780 | $11,303 | IRS |
| 990-PF | December 2023 | $48,000 | $48,405 | $15,083 | 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 42-1448100).
Questions about IOWA STATE BANK CHARITABLE FOUNDATION
- What is the EIN of IOWA STATE BANK CHARITABLE FOUNDATION?
- The employer identification number (EIN) of IOWA STATE BANK CHARITABLE FOUNDATION is 42-1448100.
- Is IOWA STATE BANK CHARITABLE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to IOWA STATE BANK CHARITABLE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does IOWA STATE BANK CHARITABLE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of IOWA STATE 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 IOWA STATE 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 IOWA STATE BANK CHARITABLE FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does IOWA STATE BANK CHARITABLE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $60,000, expenses of $64,610 and total assets of $6,693 at year end.
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