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Nonprofit · EIN 42-6278859

MABEL E SHERMAN EDUCATIONAL FUND

Tax-exempt · STORM LAKE, IA 50588

Financials

$365K$192K2024$447K$262K2025
Revenue Expenses · by fiscal year end
Financials of MABEL E SHERMAN EDUCATIONAL FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2026990$446,879$261,539$185,340$8,139,620$0$8,139,620
June 30, 2025990$364,570$192,202$172,368$7,954,280$0$7,954,280
Financial details: 990 for the year ended June 30, 2026

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$446,879
Net gain from sales of assets
$190,070
Other revenue
$0

Expenses

Grants and similar amounts paid
$202,068
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$360
Accounting fees
$1,200
Program services (functional)
$202,068
Management and general (functional)
$59,471

Balance sheet and other

Total assets, start of year
$7,954,280
Total assets, end of year
$8,139,620
Total liabilities, end of year
$0
Net assets, end of year
$8,139,620
Publicly traded securities
$5,714,887
Net assets without donor restrictions
$8,139,620
Gross receipts
$1,304,116
Employees
0
Year formed
1978
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 June 30, 2026, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
CITIZENS FIRST NATIONAL BANK CFNBTRUSTEE
Institutional trustee
1$0$51,049
990 for the year ended June 30, 2025: 1 people
NameTitleHours / weekCompensationOther / benefits
CITIZENS FIRST NATIONAL BANK CFNBTRUSTEE
Institutional trustee
1$0$48,112

Address and contacts

Address (IRS master file)
PO BOX 1227, STORM LAKE, IA 50588-1227
In care of
% CITIZENS FIRST NATIONAL BANK
Principal officer (990 for 2025)
CITIZENS FIRST NATIONAL BANK CFNB, 529 LAKE AVE, STORM LAKE, IA 50588
Signed the 990
CITIZENS FIRST NATIONAL BANK, TRUSTEE
Phone
(712) 732-5440
Return prepared by
ROSENE PICKHINKE PETERS & CO PC

Mission

TO PROVIDE FOR STUDENT LOANS, SCHOLARSHIPS AND GRANTS FOR INDIVIDUALS ATTENDING MORNINGSIDE COLLEGE, BUENA VISTA UNIVERSITY AND CORNELL COLLEGE.

990 for the year ended June 30, 2026

Program accomplishments

  • DISTRIBUTED FUNDS TO MORNINGSIDE COLLEGE, BUENA VISTA UNIVERSITY AND CORNELL COLLEGE FOR ADVANCEMENT OF STUDENT LOANS.
    Expenses $202,068 · grants $202,068

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026990 on file
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
42-6278859
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
1978
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B99)
Assets (IRS master file)
$8,139,620
Income (IRS master file)
$1,304,116

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2026–––IRS
990June 2025–––IRS
990June 2024$304,178$218,570$7,781,912IRS
990June 2023$328,553$195,522$7,696,304IRS
990June 2022–––IRS
990June 2021–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about MABEL E SHERMAN EDUCATIONAL FUND

What is the EIN of MABEL E SHERMAN EDUCATIONAL FUND?
The employer identification number (EIN) of MABEL E SHERMAN EDUCATIONAL FUND is 42-6278859.
Is MABEL E SHERMAN EDUCATIONAL FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1978.
Are donations to MABEL E SHERMAN EDUCATIONAL FUND tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
Which annual return does MABEL E SHERMAN EDUCATIONAL FUND 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 MABEL E SHERMAN EDUCATIONAL FUND due?
The return for tax year 2026 (the year ending June 30, 2027) is due November 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MABEL E SHERMAN EDUCATIONAL FUND last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2026.
Who is the principal officer of MABEL E SHERMAN EDUCATIONAL FUND?
The 990 for the year ended June 30, 2026 names CITIZENS FIRST NATIONAL BANK CFNB.
Who are the officers and directors of MABEL E SHERMAN EDUCATIONAL FUND?
The 990 for the year ended June 30, 2026 lists 1 person; 0 received compensation from the organization.
How much revenue does MABEL E SHERMAN EDUCATIONAL FUND have?
On its 990 for the year ended June 30, 2026 it reported revenue of $446,879, expenses of $261,539 and total assets of $8,139,620 at year end.

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