Nonprofit · EIN 42-1474367
BILL AND PHYLLIS LANE FOUNDATION
Tax-exempt · MARSHALLTOWN, IA 50158
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $172,352 | $64,540 | $107,812 | $539,910 | $0 | $539,910 |
| December 31, 2024 | 990-PF | $52,682 | $39,635 | $13,047 | $432,098 | $0 | $432,098 |
| December 31, 2023 | 990-PF | $24,916 | $66,244 | -$41,328 | $419,051 | $0 | $419,051 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $13,730
- Interest
- $1,537
- Net gain from sales of assets
- $157,085
Expenses
- Grants and similar amounts paid
- $57,500
- Compensation of officers, directors and key employees
- $4,910
- Disbursements for charitable purposes
- $57,500
- Excise tax on investment income
- $2,298
Balance sheet and other
- Total assets, start of year
- $432,098
- Total assets, end of year
- $539,910
- Total liabilities, end of year
- $0
- Net assets, end of year
- $539,910
- Fair market value of assets
- $536,793
- Qualifying distributions
- $57,500
- Net investment income
- $172,352
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 |
|---|---|---|---|
| UBT TRUST OFFICER - CHRISTIAN MCMUR 2101 S CENTER STREET, MARSHALLTOWN, IA 50158 | SECRETARY/TREASURER | 2 | $4,910 |
| WILLIAM A LANE III 1207 CR 2500 E, ST JOSEPH, IL 618739801 | DIRECTOR | 0 | $0 |
| NICHOLAS J LANE 3568 ALAN DRIVE, SHERMA OAKS, CA 914034707 | DIRECTOR | 0 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| UBT TRUST OFFICER - CHRISTIAN MCMUR 2101 S CENTER STREET, MARSHALLTOWN, IA 50158 | SECRETARY/TREASURER | 2 | $4,869 |
| WILLIAM A LANE III 1207 CR 2500 E, ST JOSEPH, IL 618739801 | DIRECTOR | 0 | $0 |
| NICHOLAS J LANE 3568 ALAN DRIVE, SHERMA OAKS, CA 914034707 | DIRECTOR | 0 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| UBT TRUST OFFICER - CHRISTIAN MCMUR 2101 S CENTER STREET, MARSHALLTOWN, IA 50158 | SECRETARY/TREASURER | 2 | $4,799 |
| WILLIAM A LANE III 1207 CR 2500 E, ST JOSEPH, IL 618739801 | DIRECTOR | 0 | $0 |
| NICHOLAS J LANE 3568 ALAN DRIVE, SHERMA OAKS, CA 914034707 | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 2101 S CENTER ST, MARSHALLTOWN, IA 50158-5958
- Signed the 990-PF
- CHRISTIAN MCMURRAY, TRUSTEE
- Phone
- (641) 753-5900
- Return prepared by
- BOWMAN & MILLER PC
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
- 42-1474367
- 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
- 1998
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20Z)
- Assets (IRS master file)
- $539,910
- Income (IRS master file)
- $296,917
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $172,352 | $64,540 | $539,910 | IRS |
| 990-PF | December 2024 | $52,682 | $39,635 | $432,098 | IRS |
| 990-PF | December 2023 | $24,916 | $66,244 | $419,051 | 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 42-1474367).
Questions about BILL AND PHYLLIS LANE FOUNDATION
- What is the EIN of BILL AND PHYLLIS LANE FOUNDATION?
- The employer identification number (EIN) of BILL AND PHYLLIS LANE FOUNDATION is 42-1474367.
- Is BILL AND PHYLLIS LANE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to BILL AND PHYLLIS LANE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does BILL AND PHYLLIS LANE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of BILL AND PHYLLIS LANE 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 BILL AND PHYLLIS LANE 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 BILL AND PHYLLIS LANE FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 1 received compensation from the organization, the highest $4,910 (UBT TRUST OFFICER - CHRISTIAN MCMUR, SECRETARY/TREASURER).
- How much revenue does BILL AND PHYLLIS LANE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $172,352, expenses of $64,540 and total assets of $539,910 at year end.
Other nonprofits in MARSHALLTOWN
- MARSHALLTOWN AREA UNITED WAY EIN 42-0871626 · last filed 990 for 2026
- ANN C KEYSER CHARITABLE TR EIN 46-2057511 · last filed 990-PF for 2025
- SHIRAR FAMILY FOUNDATION EIN 82-1010205 · last filed 990-PF for 2025
- WALLACE E AND HAZEL C LOFT SCHOLARSHIP TR EIN 47-6965500 · last filed 990-PF for 2025
- CRESCENT EDUCATIONAL FOUNDATION EIN 81-4103382 · last filed 990-N for 2025
- CIRSI FOUNDATION INC EIN 42-1126770 · last filed 990-N for 2025
- OKTEMBERFEST FOUNDATION EIN 20-3371201 · last filed 990-N for 2025
- FRIENDS OF RIVERSIDE CEMETERY INC EIN 84-3511729 · last filed 990-N for 2025
All nonprofits in MARSHALLTOWN · Iowa · Philanthropy, voluntarism and grantmaking foundations