Nonprofit · EIN 42-1516560
RAY V HEWITT FOUNDATION
Tax-exempt · CLEAR LAKE, IA 50428
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $24,377 | $18,540 | $5,837 | $308,100 | $0 | $308,100 |
| December 31, 2024 | 990-PF | $42,561 | $16,848 | $25,713 | $302,263 | $0 | $302,263 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $10,000
- Dividends
- $7,934
- Interest
- $232
- Net gain from sales of assets
- $6,211
Expenses
- Grants and similar amounts paid
- $14,500
- Compensation of officers, directors and key employees
- $2,278
- Disbursements for charitable purposes
- $16,084
- Excise tax on investment income
- $178
Balance sheet and other
- Total assets, start of year
- $302,263
- Total assets, end of year
- $308,100
- Total liabilities, end of year
- $0
- Net assets, end of year
- $308,100
- Fair market value of assets
- $317,788
- Qualifying distributions
- $16,084
- Net investment income
- $14,377
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 |
|---|---|---|---|
| CLEAR LAKE BANK TRUST 322 MAIN AVENUE, CLEAR LAKE, IA 50428 | TRUSTEE | 1 | $2,278 |
| MARK C HEWITT 2607 EAST LAKE STREET, VENTURA, IA 50482 | PRESIDENT | 0.5 | $0 |
990-PF for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CLEAR LAKE BANK TRUST 322 MAIN AVENUE, CLEAR LAKE, IA 50428 | TRUSTEE | 1 | $2,226 |
| MARK C HEWITT 2607 EAST LAKE STREET, VENTURA, IA 50482 | PRESIDENT | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 322 MAIN AVE, CLEAR LAKE, IA 50428-1825
- In care of
- % CLEAR LAKE BANK AND TRUST CO
- Signed the 990-PF
- MARK C HEWITT, PRESIDENT
- Phone
- (641) 357-7121
- Return prepared by
- HOGAN - HANSEN 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
- 42-1516560
- 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
- 2003
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $308,100
- Income (IRS master file)
- $83,281
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $24,377 | $18,540 | $308,100 | IRS |
| 990-PF | December 2024 | $42,561 | $16,848 | $302,263 | IRS |
| 990-PF | December 2023 | $37,466 | $14,962 | $276,550 | IRS |
| 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 42-1516560).
Questions about RAY V HEWITT FOUNDATION
- What is the EIN of RAY V HEWITT FOUNDATION?
- The employer identification number (EIN) of RAY V HEWITT FOUNDATION is 42-1516560.
- Is RAY V HEWITT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to RAY V HEWITT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does RAY V HEWITT FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of RAY V HEWITT 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 RAY V HEWITT 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 RAY V HEWITT FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 2 people; 1 received compensation from the organization, the highest $2,278 (CLEAR LAKE BANK TRUST, TRUSTEE).
- How much revenue does RAY V HEWITT FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $24,377, expenses of $18,540 and total assets of $308,100 at year end.
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