Nonprofit · EIN 42-6143759
WILLIAM MORRISON TRUST
Tax-exempt · WEBSTER CITY, IA 50595
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $18,411 | $29,737 | -$11,326 | $404,384 | $0 | $404,384 |
| December 31, 2024 | 990-PF | $22,728 | $28,026 | -$5,298 | $415,893 | $0 | $415,893 |
| December 31, 2023 | 990-PF | $21,969 | $28,846 | -$6,877 | $419,650 | $0 | $419,650 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $21,132
- Interest
- $322
- Net gain from sales of assets
- -$3,043
Expenses
- Grants and similar amounts paid
- $23,321
- Compensation of officers, directors and key employees
- $5,194
- Disbursements for charitable purposes
- $23,321
- Excise tax on investment income
- $211
Balance sheet and other
- Total assets, start of year
- $415,893
- Total assets, end of year
- $404,384
- Total liabilities, end of year
- $0
- Net assets, end of year
- $404,384
- Fair market value of assets
- $501,232
- Qualifying distributions
- $23,321
- Net investment income
- $21,364
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 |
|---|---|---|---|
| FIRST STATE BANK 505 SECOND STREET, WEBSTER CITY, IA 50595 | TRUSTEE | 2 | $5,194 |
990-PF for the year ended December 31, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FIRST STATE BANK 505 SECOND STREET, WEBSTER CITY, IA 50595 | TRUSTEE | 2 | $3,875 |
990-PF for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FIRST STATE BANK 505 SECOND STREET, WEBSTER CITY, IA 50595 | TRUSTEE | 2 | $3,750 |
Address and contacts
- Address (IRS master file)
- 505 SECOND STREET, WEBSTER CITY, IA 50595-1507
- In care of
- % WILLIAM JOHNSTON
- Signed the 990-PF
- WILLIAM JOHNSTON, TRUSTEE
- Phone
- (515) 832-2520
- Return prepared by
- HASSEBROCK TAX & WEALTH MGMT 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
- 42-6143759
- 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
- 1971
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $404,384
- Income (IRS master file)
- $46,551
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $18,411 | $29,737 | $404,384 | XML |
| 990-PF | December 2024 | $22,728 | $28,026 | $415,893 | XML |
| 990-PF | December 2023 | $21,969 | $28,846 | $419,650 | 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 42-6143759).
Questions about WILLIAM MORRISON TRUST
- What is the EIN of WILLIAM MORRISON TRUST?
- The employer identification number (EIN) of WILLIAM MORRISON TRUST is 42-6143759.
- Is WILLIAM MORRISON TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1971.
- Are donations to WILLIAM MORRISON TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does WILLIAM MORRISON TRUST file?
- Form 990-PF. Private foundations file every year.
- When is the next return of WILLIAM MORRISON TRUST 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 WILLIAM MORRISON TRUST 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 WILLIAM MORRISON TRUST?
- The 990-PF for the year ended December 31, 2025 lists 1 person; 1 received compensation from the organization, the highest $5,194 (FIRST STATE BANK, TRUSTEE).
- How much revenue does WILLIAM MORRISON TRUST have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $18,411, expenses of $29,737 and total assets of $404,384 at year end.
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