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Nonprofit · EIN 42-6265601

FIRST CONGREGATIONAL ENDOWMENT TRUST

Tax-exempt (reinstated) · WAVERLY, IA 50677

Financials

$63K$114K2023$254K$134K2024$174K$124K2025
Revenue Expenses · by fiscal year end
Financials of FIRST CONGREGATIONAL ENDOWMENT TRUST by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$173,670$124,286$49,384$1,847,338$0$1,847,338
December 31, 2024990$253,673$134,196$119,477$1,797,953$0$1,797,953
December 31, 2023990$63,311$114,312-$51,001$1,678,476$0$1,678,476
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$3,000
Program service revenue
$0
Investment income
$170,670
Net gain from sales of assets
$104,314
Other revenue
$0

Expenses

Grants and similar amounts paid
$100,287
Compensation of officers, directors and key employees
$6,997
Salaries, compensation and benefits (total)
$6,997
Professional fundraising fees
$0
Accounting fees
$2,014
Program services (functional)
$100,287
Management and general (functional)
$23,999

Balance sheet and other

Total assets, start of year
$1,797,953
Total assets, end of year
$1,847,338
Total liabilities, end of year
$0
Net assets, end of year
$1,847,338
Publicly traded securities
$1,800,870
Gross receipts
$544,860
Employees
0
Volunteers
10
Year formed
1973
State of legal domicile
IA

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 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
FIRST BANKTRUSTEE
Institutional trustee
40$6,997
DAVID PANICUCCICHAIRMAN
Trustee or director, Officer
1$0
MACKENZIE MILLERMEMBER
Trustee or director
1$0
CRAIG HOLDIMANMEMBER
Trustee or director
1$0
LAURIE ALLBAUGHMEMBER
Trustee or director
1$0
CRAIG JENSENMEMBER
Trustee or director
1$0
KAY LEARYMEMBER
Trustee or director
1$0
JEFF THOMPSONMEMBER
Trustee or director
1$0
BARB MARDISMEMBER
Trustee or director
1$0
990 for the year ended December 31, 2024: 10 people
NameTitleHours / weekCompensation
FIRST BANKTRUSTEE
Institutional trustee
40$10,000
JIM STEVENSONCHAIRMAN
Trustee or director, Officer
1$0
DR GREG HOEKSTRAMEMBER
Trustee or director
1$0
CRAIG HOLDIMANMEMBER
Trustee or director
1$0
LAURIE ALLBAUGHMEMBER
Trustee or director
1$0
CRAIG JENSENMEMBER
Trustee or director
1$0
KAY LEARYMEMBER
Trustee or director
1$0
JILL MEJIAMEMBER
Trustee or director
1$0
DAVID PANICUCCIMEMBER
Trustee or director
1$0
BARB MARDISMEMBER
Trustee or director
1$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
FIRST BANKTRUSTEE
Institutional trustee
40$10,415
JIM STEVENSONCHAIRMAN
Trustee or director, Officer
1$0
DR GREG HOEKSTRAMEMBER
Trustee or director
1$0
CRAIG HOLDIMANMEMBER
Trustee or director
1$0
LAURIE ALLBAUGHMEMBER
Trustee or director
1$0
CRAIG JENSENMEMBER
Trustee or director
1$0
KAY LEARYMEMBER
Trustee or director
1$0
JILL MEJIAMEMBER
Trustee or director
1$0
DAVID PANICUCCIMEMBER
Trustee or director
1$0
BARB MARDISMEMBER
Trustee or director
1$0

Address and contacts

Address (IRS master file)
PO BOX 837, WAVERLY, IA 50677-0837
Principal officer (990 for 2025)
FIRST BANK, PO BOX 837, WAVERLY, IA 50677
Signed the 990
FIRST BANK, TRUSTEE
Phone
(319) 266-2000
Return prepared by
HONKAMP PC

Mission

SUPPORT FOR MINISTRY AND OPERATION OF FIRST CONGREGATIONAL CHURCH OF WATERLOO, IOWA

990 for the year ended December 31, 2025

Program accomplishments

  • SUPPORT FOR FIRST CONGREGATIONAL CHURCH
    Expenses $100,287 · grants $100,287

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
42-6265601
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization, Type I
Donations deductible (Pub 78)
Supporting organization, 50% limit
Exempt since
2024
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,847,338
Income (IRS master file)
$544,860

Revocation and reinstatement

Exemption revoked
May 15, 2023
Posted by the IRS
August 14, 2023
Reinstated
Effective May 15, 2023

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$173,670$124,286$1,847,338XML
990December 2024$253,673$134,196$1,797,953XML
990December 2023$63,311$114,312$1,678,476XML
990December 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 42-6265601).

Questions about FIRST CONGREGATIONAL ENDOWMENT TRUST

What is the EIN of FIRST CONGREGATIONAL ENDOWMENT TRUST?
The employer identification number (EIN) of FIRST CONGREGATIONAL ENDOWMENT TRUST is 42-6265601.
Is FIRST CONGREGATIONAL ENDOWMENT TRUST tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2023 and reinstated it effective May 15, 2023.
Are donations to FIRST CONGREGATIONAL ENDOWMENT TRUST tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
Which annual return does FIRST CONGREGATIONAL ENDOWMENT TRUST file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of FIRST CONGREGATIONAL ENDOWMENT 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 FIRST CONGREGATIONAL ENDOWMENT TRUST last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of FIRST CONGREGATIONAL ENDOWMENT TRUST?
The 990 for the year ended December 31, 2025 names FIRST BANK.
Who are the officers and directors of FIRST CONGREGATIONAL ENDOWMENT TRUST?
The 990 for the year ended December 31, 2025 lists 9 people; 1 received compensation from the organization, the highest $6,997 (FIRST BANK, TRUSTEE).
How much revenue does FIRST CONGREGATIONAL ENDOWMENT TRUST have?
On its 990 for the year ended December 31, 2025 it reported revenue of $173,670, expenses of $124,286 and total assets of $1,847,338 at year end.

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