Nonprofit · EIN 51-0168173
TERRACE HILL SOCIETY FOUNDATION
Tax-exempt · DES MOINES, IA 50309
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $4,827 | $40,507 | -$35,680 | $1,956,725 | $0 | $1,956,725 |
| June 30, 2024 | 990 | $8,408 | $24,949 | -$16,541 | $1,764,236 | $0 | $1,764,236 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $620
- Membership dues
- $150
- Program service revenue
- $0
- Investment income
- $4,207
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $3,500
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $29,705
- Accounting fees
- $1,300
- Program services (functional)
- $3,531
- Management and general (functional)
- $36,976
Balance sheet and other
- Total assets, start of year
- $1,764,236
- Total assets, end of year
- $1,956,725
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,956,725
- Publicly traded securities
- $837,345
- Net assets without donor restrictions
- $1,739,853
- Net assets with donor restrictions
- $216,872
- Gross receipts
- $4,827
- Employees
- 0
- Volunteers
- 20
- Year formed
- 1975
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOE HAPPE | PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| GLORIA FILEAN | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| BARBARA MCROBERTS | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| WILLIAM PAGE | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| TIM ANDERSON | TREASURER Trustee or director, Officer | 1 | $0 |
| ELAINE ESTES | MEMBER Trustee or director | 0.5 | $0 |
| MARY MANATT | MEMBER Trustee or director | 0.5 | $0 |
| MARY JEAN PASCHEN | MEMBER Trustee or director | 0.5 | $0 |
| MARTHA RASMUSSEN | MEMBER Trustee or director | 0.5 | $0 |
| SUE LUNDBERG SLATER | MEMBER Trustee or director | 0.5 | $0 |
| DEBBIE THORNTON | MEMBER Trustee or director | 0.5 | $0 |
| FAY GISH HILL | MEMBER Trustee or director | 0.5 | $0 |
| ARDEN BORGEN | MEMBER Trustee or director | 0.5 | $0 |
| VICKI BAKER | MEMBER Trustee or director | 0.5 | $0 |
| CECELIA DEA | MEMBER Trustee or director | 0.5 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| L SAM HOLDEN | MEMBER Trustee or director | 0.5 | $0 |
| DAWN ROBERTS | MEMBER Trustee or director | 0.5 | $0 |
| KURT ARENDS | MEMBER Trustee or director | 0.5 | $0 |
| DARLENE BLAKE BEERS | MEMBER Trustee or director | 0.5 | $0 |
| WILLIAM D SCHERLE | MEMBER Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2024: 23 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOE HAPPE | PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| GLORIA FILEAN | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| BARBARA MCROBERTS | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| WILLIAM PAGE | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| TIM ANDERSON | TREASURER Trustee or director, Officer | 1 | $0 |
| ELAINE ESTES | MEMBER Trustee or director | 0.5 | $0 |
| MARY MANATT | MEMBER Trustee or director | 0.5 | $0 |
| MARY JEAN PASCHEN | MEMBER Trustee or director | 0.5 | $0 |
| MARTHA RASMUSSEN | MEMBER Trustee or director | 0.5 | $0 |
| SUE LUNDBERG SLATER | MEMBER Trustee or director | 0.5 | $0 |
| DEBBIE THORNTON | MEMBER Trustee or director | 0.5 | $0 |
| WALLACE BROWN | MEMBER Trustee or director | 0.5 | $0 |
| FAY GISH HILL | MEMBER Trustee or director | 0.5 | $0 |
| WILLIAM SHERMAN | MEMBER Trustee or director | 0.5 | $0 |
| SANDRA WINDSOR | MEMBER Trustee or director | 0.5 | $0 |
| ARDEN BORGEN | MEMBER Trustee or director | 0.5 | $0 |
| VICKI BAKER | MEMBER Trustee or director | 0.5 | $0 |
| CECELIA DAY | MEMBER Trustee or director | 0.5 | $0 |
| L SAM HOLDEN | MEMBER Trustee or director | 0.5 | $0 |
| DAWN ROBERTS | MEMBER Trustee or director | 0.5 | $0 |
| KURT ARENDS | MEMBER Trustee or director | 0.5 | $0 |
| DARLENE BLAKE BEERS | MEMBER Trustee or director | 0.5 | $0 |
| WILLIAM D SCHERLE | MEMBER Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- CO WILLIAM D SCHERLE, DES MOINES, IA 50309-0000
- In care of
- % DON DYERS
- Principal officer (990 for 2024)
- JOE HAPPE, C/O WILLIAM D SCHERLE, DES MOINES, IA 50309
- Signed the 990
- JOE HAPPE, PRESIDENT
- Phone
- (641) 923-2769
- Return prepared by
- DENMAN CPA LLP
Mission
THE PURPOSE OF THE FOUNDATION IS TO FACILITATE THE CONTINUING AND SUSTAINING SUPPORT FOR THE RESTORATION, PRESERVATION AND IMPROVEMENT OF THE INTERIOR AND EXTERIOR OF THE BUILDING, THE COLLECTION AND THE GROUNDS SITUATED IN THE CITY OF DES MOINES, IOWA KNOWN AS "TERRACE HILL" IN A NONPARTISAN AND IMPARTIAL MANNER AND TO COORDINATE WITH THE TERRACE HILL COMMISSION, THE EXECUTIVE AND LEGISLATIVE BRANCHES OF THE STATE OF IOWA AND OTHERS IN ACHIEVING THESE PURPOSES AND IN SO DOING TO ASSIST THE STATE OF IOWA AND ITS CITIZENS IN PRESERVING AND IMPROVING THIS VALUABLE STATE ASSET.
Program accomplishments
- FUNDS SPENT TO MAINTAIN & RESTORE TERRACE HILLExpenses $3,531 · grants $3,500
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 51-0168173
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1975
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Arts, culture and humanities (A80)
- Assets (IRS master file)
- $1,956,725
- Income (IRS master file)
- $4,827
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $4,827 | $40,507 | $1,956,725 | XML |
| 990 | June 2024 | $8,408 | $24,949 | $1,764,236 | XML |
| 990 | June 2023 | $23,936 | $42,738 | $1,605,072 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 51-0168173).
Questions about TERRACE HILL SOCIETY FOUNDATION
- What is the EIN of TERRACE HILL SOCIETY FOUNDATION?
- The employer identification number (EIN) of TERRACE HILL SOCIETY FOUNDATION is 51-0168173.
- Is TERRACE HILL SOCIETY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1975.
- Are donations to TERRACE HILL SOCIETY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TERRACE HILL SOCIETY FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of TERRACE HILL SOCIETY FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TERRACE HILL SOCIETY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of TERRACE HILL SOCIETY FOUNDATION?
- The 990 for the year ended June 30, 2025 names JOE HAPPE.
- Who are the officers and directors of TERRACE HILL SOCIETY FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 20 people; 0 received compensation from the organization.
- How much revenue does TERRACE HILL SOCIETY FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $4,827, expenses of $40,507 and total assets of $1,956,725 at year end.
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