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Nonprofit · EIN 81-0416739

TOOLE COUNTY EDUCATIONAL FOUNATION INC

Tax-exempt · SHELBY, MT 59474

Financials

$157K$43K2023$146K$57K2024
Revenue Expenses · by fiscal year end
Financials of TOOLE COUNTY EDUCATIONAL FOUNATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$145,670$56,772$88,898$1,928,108$0$1,928,108
December 31, 2023990$156,969$43,279$113,690$1,942,715$0$1,942,715
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$50
Program service revenue
$0
Investment income
$145,836
Net rental income
-$216
Net gain from sales of assets
$63,761
Other revenue
-$216

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$56,772

Balance sheet and other

Total assets, start of year
$1,942,715
Total assets, end of year
$1,928,108
Total liabilities, end of year
$0
Net assets, end of year
$1,928,108
Publicly traded securities
$1,798,055
Net assets without donor restrictions
$472,987
Net assets with donor restrictions
$1,455,121
Gross receipts
$281,650
Employees
0

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, 2024, highest compensation first.

NameTitleHours / weekCompensation
DWAINE IVERSONPRESIDENT
Trustee or director
50$0
JESSICA BUCKDirector
Trustee or director
50$0
SALLY ASCHIMSecretary
Trustee or director
2$0
KYLE FISHERDirector
Trustee or director
10$0
DON FISHERTreasurer
Trustee or director
2$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
DWAINE IVERSONPRESIDENT
Trustee or director
50$0
JESSICA BUCKDIRECTOR
Trustee or director
50$0
SALLY ASCHIMSECRETARY
Trustee or director
2$0
KYLE FISHERDIRECTOR
Trustee or director
10$0
DON FISHERTREASURER
Trustee or director
2$0
SALLY ASCHEIMDIRECTOR
Trustee or director
2$0

Address and contacts

Address (IRS master file)
301 FIRST STREET SOUTH, SHELBY, MT 59474-1964
Signed the 990
DWAINE IVERSON, PRESIDENT
Phone
(406) 434-5272
Return prepared by
RMW Accounting Inc

Mission

PROVIDE SCHOLARSHIP TO STUDENTS SEEKING TO IMPROVE THEIR EDUCATION

990 for the year ended December 31, 2024

Program accomplishments

  • SCHOLARSHIPS ARE AWARDED ON A NON-DISCRIMINATORY BASIS TO HIGH SCHOOL GRADUATES IN TOOLE COUNTY TO ASSIST THEM IN CONTINUING THEIR EDUCATION
    Expenses $56,772 · revenue $145,670

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, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
81-0416739
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
1984
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,928,108
Income (IRS master file)
$281,650

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$145,670$56,772$1,928,108XML
990December 2023$156,969$43,279$1,942,715XML
990December 2022$83,694$63,034$1,829,025IRS
990December 2021–––IRS
990December 2020–––IRS
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 81-0416739).

Questions about TOOLE COUNTY EDUCATIONAL FOUNATION INC

What is the EIN of TOOLE COUNTY EDUCATIONAL FOUNATION INC?
The employer identification number (EIN) of TOOLE COUNTY EDUCATIONAL FOUNATION INC is 81-0416739.
Is TOOLE COUNTY EDUCATIONAL FOUNATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
Are donations to TOOLE COUNTY EDUCATIONAL FOUNATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does TOOLE COUNTY EDUCATIONAL FOUNATION INC 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 TOOLE COUNTY EDUCATIONAL FOUNATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did TOOLE COUNTY EDUCATIONAL FOUNATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of TOOLE COUNTY EDUCATIONAL FOUNATION INC?
The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does TOOLE COUNTY EDUCATIONAL FOUNATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $145,670, expenses of $56,772 and total assets of $1,928,108 at year end.

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