Nonprofit · EIN 47-7204491
BERNICE E@PETERSON SCHOLARSHIP TRUST
Tax-exempt · ALGONA, IA 50511
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $17,684 | $30,220 | -$12,536 | $652,682 | $0 | $652,682 |
| December 31, 2024 | 990-PF | $21,143 | $29,754 | -$8,611 | $665,168 | $0 | $665,168 |
| December 31, 2023 | 990-PF | $14,357 | $32,146 | -$17,789 | $677,311 | $0 | $677,311 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $21,883
- Interest
- $6
- Net gain from sales of assets
- -$4,205
Expenses
- Grants and similar amounts paid
- $23,800
- Disbursements for charitable purposes
- $29,050
- Excise tax on investment income
- $292
Balance sheet and other
- Total assets, start of year
- $665,168
- Total assets, end of year
- $652,682
- Total liabilities, end of year
- $0
- Net assets, end of year
- $652,682
- Fair market value of assets
- $585,255
- Qualifying distributions
- $29,050
- Net investment income
- $21,889
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 |
|---|---|---|---|
| IOWA STATE BANK 5 E CALL ST, ALGONA, IA 50511 | Trustee | 1.15 | $0 |
990-PF for the year ended December 31, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| IOWA STATE BANK 5 E CALL ST, ALGONA, IA 50511 | Trustee | 1.15 | $0 |
990-PF for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| IOWA STATE BANK 5 E CALL ST, ALGONA, IA 50511 | Trustee | 1.15 | $0 |
Address and contacts
- Address (IRS master file)
- 5 E CALL ST, ALGONA, IA 50511-2402
- In care of
- % CARROLL COUNTY STATE BANK TTEE
- Signed the 990-PF
- IOWA STATE BANK, Trustee
- Phone
- (515) 295-3595
- Return prepared by
- Buchanan Bibler Gabor Meis
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
- 47-7204491
- 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
- 2016
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $652,682
- Income (IRS master file)
- $51,089
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $17,684 | $30,220 | $652,682 | IRS |
| 990-PF | December 2024 | $21,143 | $29,754 | $665,168 | IRS |
| 990-PF | December 2023 | $14,357 | $32,146 | $677,311 | 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 47-7204491).
Questions about BERNICE E@PETERSON SCHOLARSHIP TRUST
- What is the EIN of BERNICE E@PETERSON SCHOLARSHIP TRUST?
- The employer identification number (EIN) of BERNICE E@PETERSON SCHOLARSHIP TRUST is 47-7204491.
- Is BERNICE E@PETERSON SCHOLARSHIP TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to BERNICE E@PETERSON SCHOLARSHIP TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does BERNICE E@PETERSON SCHOLARSHIP TRUST file?
- Form 990-PF. Private foundations file every year.
- When is the next return of BERNICE E@PETERSON SCHOLARSHIP 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 BERNICE E@PETERSON SCHOLARSHIP 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 BERNICE E@PETERSON SCHOLARSHIP TRUST?
- The 990-PF for the year ended December 31, 2025 lists 1 person; 0 received compensation from the organization.
- How much revenue does BERNICE E@PETERSON SCHOLARSHIP TRUST have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $17,684, expenses of $30,220 and total assets of $652,682 at year end.
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