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Nonprofit · EIN 87-6969181

MARVIN M JORGENSEN CHARITABLE TR

Tax-exempt · URBANDALE, IA 50323

Financials

$3.7M$223K2023$100.4M$2.6M2024$2.7M$2.8M2025
Revenue Expenses · by fiscal year end
Financials of MARVIN M JORGENSEN CHARITABLE TR by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$2,746,391$2,756,556-$10,165$105,295,995$28,700,000$76,595,995
December 31, 2024990$100,446,187$2,555,793$97,890,394$105,358,633$28,700,000$76,658,633
December 31, 2023990$3,734,176$223,048$3,511,128$7,415,628$0$7,415,628
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$360,565
Net rental income
$1,889,390
Net gain from sales of assets
$442
Other revenue
$2,385,826

Expenses

Grants and similar amounts paid
$2,670,586
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$3,320
Accounting fees
$2,650
Program services (functional)
$2,670,586
Management and general (functional)
$85,970

Balance sheet and other

Total assets, start of year
$105,358,633
Total assets, end of year
$105,295,995
Total liabilities, end of year
$28,700,000
Net assets, end of year
$76,595,995
Land, buildings and equipment
$98,664,475
Gross receipts
$4,820,907
Employees
0
Year formed
2022
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 December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
IOWA STATE BANKTrustee
Institutional trustee
0$0
990 for the year ended December 31, 2024: 1 people
NameTitleHours / weekCompensation
IOWA STATE BANKTrustee
Institutional trustee
0$0
990 for the year ended December 31, 2023: 1 people
NameTitleHours / weekCompensation
IOWA STATE BANKTrustee
Institutional trustee
0$0

Address and contacts

Address (IRS master file)
2301 128TH ST, URBANDALE, IA 50323-1818
In care of
% IOWA STATE BANK
Principal officer (990 for 2025)
IOWA STATE BANK, 2301 NORTHWEST 128TH STREET, URBANDALE, IA 50323
Signed the 990
IOWA STATE BANK, Trustee
Phone
(515) 334-7726
Return prepared by
TARBELL & CO PLC

Mission

THIS TRUST SHALL BE SOLELY FOR THE BENEFIT OF MAYO CLINIC, ROCHESTER, MINNESOTA.

990 for the year ended December 31, 2025

Program accomplishments

  • FUNDS ARE TO BE USED FOR MEDICAL EQUIPMENT AND RESEARCH AT MAYO CLINIC.
    Expenses $2,670,586 · grants $2,670,586

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, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
87-6969181
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization, Type III non-functionally integrated
Donations deductible (Pub 78)
Non-functionally integrated Type III supporting organization
Exempt since
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E11)
Assets (IRS master file)
$105,295,995
Income (IRS master file)
$4,820,907

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$2,746,391$2,756,556$105,295,995IRS
990-TDecember 2025–––IRS
990December 2024$100,446,187$2,555,793$105,358,633IRS
990-TDecember 2024–––IRS
990December 2023$3,734,176$223,048$7,415,628XML
990-TDecember 2023–––IRS
990December 2022$3,904,669$169$3,904,500IRS

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 87-6969181).

Questions about MARVIN M JORGENSEN CHARITABLE TR

What is the EIN of MARVIN M JORGENSEN CHARITABLE TR?
The employer identification number (EIN) of MARVIN M JORGENSEN CHARITABLE TR is 87-6969181.
Is MARVIN M JORGENSEN CHARITABLE TR tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to MARVIN M JORGENSEN CHARITABLE TR tax-deductible?
Yes. It is listed in IRS Publication 78 (Non-functionally integrated Type III supporting organization).
Which annual return does MARVIN M JORGENSEN CHARITABLE TR 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 MARVIN M JORGENSEN CHARITABLE TR 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 MARVIN M JORGENSEN CHARITABLE TR last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of MARVIN M JORGENSEN CHARITABLE TR?
The 990 for the year ended December 31, 2025 names IOWA STATE BANK.
Who are the officers and directors of MARVIN M JORGENSEN CHARITABLE TR?
The 990 for the year ended December 31, 2025 lists 1 person; 0 received compensation from the organization.
How much revenue does MARVIN M JORGENSEN CHARITABLE TR have?
On its 990 for the year ended December 31, 2025 it reported revenue of $2,746,391, expenses of $2,756,556 and total assets of $105,295,995 at year end.

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