Nonprofit · EIN 42-1494825
KARL SCHOOLER SCHOLARSHIP TR FUND
Also known as SCHOOLER W R SR & LARKIN CO-TTEES
Tax-exempt · ANKENY, IA 50023
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| October 31, 2025 | 990-PF | $45,676 | $61,632 | -$15,956 | $694,111 | $0 | $694,111 |
| October 31, 2024 | 990-PF | $35,436 | $98,499 | -$63,063 | $710,067 | $0 | $710,067 |
| October 31, 2023 | 990-PF | -$37,632 | $132,695 | -$170,327 | $773,130 | $0 | $773,130 |
| October 31, 2022 | 990-PF | $69,355 | $17,761 | $51,594 | $943,457 | $0 | $943,457 |
Financial details: 990-PF for the year ended October 31, 2025
Revenue
- Dividends
- $21,432
- Interest
- $1
- Net gain from sales of assets
- $24,243
Expenses
- Grants and similar amounts paid
- $42,500
- Compensation of officers, directors and key employees
- $1,500
- Disbursements for charitable purposes
- $44,341
- Excise tax on investment income
- $631
Balance sheet and other
- Total assets, start of year
- $710,067
- Total assets, end of year
- $694,111
- Total liabilities, end of year
- $0
- Net assets, end of year
- $694,111
- Fair market value of assets
- $857,808
- Qualifying distributions
- $44,341
- Net investment income
- $45,676
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 October 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LANDEN SCHOOLER 6028 CENTER ST, CARLISLE, IA 50047 | Trustee | 1 | $0 |
| R DALE SIKES 1235 SW 3RD ST, ANKENY, IA 50023 | Trustee | 2 | $0 |
990-PF for the year ended October 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LANDEN SCHOOLER 6028 CENTER ST, CARLISLE, IA 50047 | Trustee | 1 | $0 |
| R DALE SIKES 1235 SW 3RD ST, ANKENY, IA 50023 | Trustee | 2 | $0 |
990-PF for the year ended October 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM SCHOOLER PO BOX K, CARLISLE, IA 50047 | Trustee | 1 | $0 |
| LANDEN SCHOOLER 6028 CENTER ST, CARLISLE, IA 50047 | Trustee | 1 | $0 |
| R DALE SIKES 1235 SW 3RD ST, ANKENY, IA 50023 | Trustee | 2 | $0 |
990-PF for the year ended October 31, 2022: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM SCHOOLER PO BOX K, CARLISLE, IA 50047 | Trustee | 1 | $650 |
| LANDEN SCHOOLER 6028 CENTER ST, CARLISLE, IA 50047 | Trustee | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1235 SW 3RD ST, ANKENY, IA 50023-2629
- In care of
- % W R SCHOOLER SR
- Signed the 990-PF
- R DALE SIKES, Trustee
- Phone
- (515) 778-0968
- Return prepared by
- SHULL SCHRUM MCCLAFLIN & CO INC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in October, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2024 | October 31, 2025 | March 16, 2026 | 990-PF on file |
| 2023 | October 31, 2024 | March 17, 2025 | 990-PF on file |
| 2022 | October 31, 2023 | March 15, 2024 | 990-PF on file |
IRS record
- EIN
- 42-1494825
- 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
- 2000
- Accounting year ends
- October
- Files
- Form 990-PF
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $694,111
- Income (IRS master file)
- $158,678
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | October 2025 | $45,676 | $61,632 | $694,111 | XML |
| 990-PF | October 2024 | $35,436 | $98,499 | $710,067 | XML |
| 990-PF | October 2023 | -$37,632 | $132,695 | $773,130 | XML |
| 990-PF | October 2022 | $69,355 | $17,761 | $943,457 | XML |
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 42-1494825).
Questions about KARL SCHOOLER SCHOLARSHIP TR FUND
- What is the EIN of KARL SCHOOLER SCHOLARSHIP TR FUND?
- The employer identification number (EIN) of KARL SCHOOLER SCHOLARSHIP TR FUND is 42-1494825.
- Is KARL SCHOOLER SCHOLARSHIP TR FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to KARL SCHOOLER SCHOLARSHIP TR FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does KARL SCHOOLER SCHOLARSHIP TR FUND file?
- Form 990-PF. Private foundations file every year.
- When is the next return of KARL SCHOOLER SCHOLARSHIP TR FUND due?
- The return for tax year 2025 (the year ending October 31, 2026) is due March 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KARL SCHOOLER SCHOLARSHIP TR FUND last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended October 2025.
- Who are the officers and directors of KARL SCHOOLER SCHOLARSHIP TR FUND?
- The 990-PF for the year ended October 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does KARL SCHOOLER SCHOLARSHIP TR FUND have?
- On its 990-PF for the year ended October 31, 2025 it reported revenue of $45,676, expenses of $61,632 and total assets of $694,111 at year end.
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