Nonprofit · EIN 75-3023674
MIDWESTONE BANK FOUNDATION
Tax-exempt · IOWA CITY, IA 52244
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $410,099 | $244,764 | $165,335 | $4,047,158 | $0 | $4,047,158 |
| December 31, 2024 | 990-PF | $260,690 | $210,179 | $50,511 | $3,882,963 | $0 | $3,882,963 |
| December 31, 2023 | 990-PF | $209,420 | $243,613 | -$34,193 | $3,831,985 | $0 | $3,831,985 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $155,982
- Interest
- $6,589
- Net gain from sales of assets
- $247,528
Expenses
- Grants and similar amounts paid
- $240,582
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $244,626
- Excise tax on investment income
- $5,698
Balance sheet and other
- Total assets, start of year
- $3,882,963
- Total assets, end of year
- $4,047,158
- Total liabilities, end of year
- $0
- Net assets, end of year
- $4,047,158
- Fair market value of assets
- $5,094,421
- Qualifying distributions
- $244,626
- Net investment income
- $410,099
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 |
|---|---|---|---|
| CHARLES N FUNK PO BOX 1700, IOWA CITY, IA 52244 | PRESIDENT | 1 | $0 |
| CHIP REEVES PO BOX 1700, IOWA CITY, IA 52244 | VICE PRESIDENT | 1 | $0 |
| JENNY OLSON PO BOX 1700, IOWA CITY, IA 52244 | SECRETARY | 1 | $0 |
| LARRY D ALBERT PO BOX 1700, IOWA CITY, IA 52244 | DIRECTOR | 1 | $0 |
| LEN DEVAISHER PO BOX 1700, IOWA CITY, IA 52244 | DIRECTOR | 1 | $0 |
| RUTH HEINONEN PO BOX 1700, IOWA CITY, IA 52244 | DIRECTOR | 1 | $0 |
| ELDA MACIAS PO BOX 1700, IOWA CITY, IA 52244 | DIRECTOR | 1 | $0 |
| TYLER KRUSE PO BOX 1700, IOWA CITY, IA 52244 | TREASURER | 1 | $0 |
990-PF for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES N FUNK PO BOX 1700, IOWA CITY, IA 52244 | PRESIDENT | 1 | $0 |
| CHIP REEVES PO BOX 1700, IOWA CITY, IA 52244 | VICE PRESIDENT | 1 | $0 |
| MATT WALTER PO BOX 1700, IOWA CITY, IA 52244 | SECRETARY/TREASURER | 1 | $0 |
| LARRY D ALBERT PO BOX 1700, IOWA CITY, IA 52244 | DIRECTOR | 1 | $0 |
| LEN DEVAISHER PO BOX 1700, IOWA CITY, IA 52244 | DIRECTOR | 1 | $0 |
| KEVIN MONSON PO BOX 1700, IOWA CITY, IA 52244 | DIRECTOR | 1 | $0 |
| RUTH E STANOCH PO BOX 1700, IOWA CITY, IA 52244 | DIRECTOR | 1 | $0 |
| ELDA MACIAS PO BOX 1700, IOWA CITY, IA 52244 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES N FUNK PO BOX 1700, IOWA CITY, IA 52244 | PRESIDENT | 1 | $0 |
| CHIP REEVES PO BOX 1700, IOWA CITY, IA 52244 | VICE PRESIDENT | 1 | $0 |
| MATT WALTER PO BOX 1700, IOWA CITY, IA 52244 | SECRETARY/TREASURER | 1 | $0 |
| LARRY D ALBERT PO BOX 1700, IOWA CITY, IA 52244 | DIRECTOR | 1 | $0 |
| LEN DEVAISHER PO BOX 1700, IOWA CITY, IA 52244 | DIRECTOR | 1 | $0 |
| PEGGY HUDSON PO BOX 1700, IOWA CITY, IA 52244 | DIRECTOR | 1 | $0 |
| KEVIN MONSON PO BOX 1700, IOWA CITY, IA 52244 | DIRECTOR | 1 | $0 |
| RUTH E STANOCH PO BOX 1700, IOWA CITY, IA 52244 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1700, IOWA CITY, IA 52244-1700
- In care of
- % ROBERT ROSS
- Signed the 990-PF
- LEN DEVAISHER, DIRECTOR
- Phone
- (319) 356-5800
- Return prepared by
- HONKAMP PC
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
- 75-3023674
- 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
- 2002
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $4,047,158
- Income (IRS master file)
- $2,069,844
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $410,099 | $244,764 | $4,047,158 | IRS |
| 990-PF | December 2024 | $260,690 | $210,179 | $3,882,963 | IRS |
| 990-PF | December 2023 | $209,420 | $243,613 | $3,831,985 | 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 75-3023674).
Questions about MIDWESTONE BANK FOUNDATION
- What is the EIN of MIDWESTONE BANK FOUNDATION?
- The employer identification number (EIN) of MIDWESTONE BANK FOUNDATION is 75-3023674.
- Is MIDWESTONE BANK FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to MIDWESTONE BANK FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MIDWESTONE BANK FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MIDWESTONE BANK FOUNDATION 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 MIDWESTONE BANK FOUNDATION 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 MIDWESTONE BANK FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does MIDWESTONE BANK FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $410,099, expenses of $244,764 and total assets of $4,047,158 at year end.
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