Nonprofit · EIN 26-6312571
LEO C PARENT SCHOLARSHIP TR II
Tax-exempt · GRAND FORKS, ND 58201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $146,520 | $88,009 | $58,511 | $1,696,945 | $0 | $1,696,945 |
| December 31, 2024 | 990-PF | $152,028 | $66,133 | $85,895 | $1,650,534 | $0 | $1,650,534 |
| December 31, 2023 | 990-PF | -$57,063 | $58,823 | -$115,886 | $1,564,795 | $0 | $1,564,795 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $47,919
- Net gain from sales of assets
- $90,652
- Other income
- $7,949
Expenses
- Grants and similar amounts paid
- $30,600
- Compensation of officers, directors and key employees
- $12,293
- Disbursements for charitable purposes
- $36,746
- Excise tax on investment income
- $1,756
Balance sheet and other
- Total assets, start of year
- $1,650,534
- Total assets, end of year
- $1,696,945
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,696,945
- Fair market value of assets
- $2,138,452
- Qualifying distributions
- $36,746
- Net investment income
- $138,534
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 |
|---|---|---|---|
| Alerus Financial 2300 S Columbia Rd, Grand Forks, ND 58201 | Trustee | 1 | $12,293 |
990-PF for the year ended December 31, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Alerus Financial 2300 S Columbia Rd, Grand Forks, ND 58201 | Trustee | 1 | $12,887 |
990-PF for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Alerus Financial 2300 S Columbia Rd, Grand Forks, ND 58201 | Trustee | 1 | $12,279 |
Address and contacts
- Address (IRS master file)
- 2300 S COLUMBIA RD, GRAND FORKS, ND 58201-5826
- In care of
- % ALERUS FINANCIAL
- Signed the 990-PF
- ALERUS FINANCIAL, TRUSTEE
- Phone
- (701) 795-3211
- Return prepared by
- ERNST & YOUNG LLP
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
- 26-6312571
- 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
- 2010
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $1,696,945
- Income (IRS master file)
- $691,762
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $146,520 | $88,009 | $1,696,945 | IRS |
| 990-PF | December 2024 | $152,028 | $66,133 | $1,650,534 | XML |
| 990-PF | December 2023 | -$57,063 | $58,823 | $1,564,795 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 26-6312571).
Questions about LEO C PARENT SCHOLARSHIP TR II
- What is the EIN of LEO C PARENT SCHOLARSHIP TR II?
- The employer identification number (EIN) of LEO C PARENT SCHOLARSHIP TR II is 26-6312571.
- Is LEO C PARENT SCHOLARSHIP TR II tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to LEO C PARENT SCHOLARSHIP TR II tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does LEO C PARENT SCHOLARSHIP TR II file?
- Form 990-PF. Private foundations file every year.
- When is the next return of LEO C PARENT SCHOLARSHIP TR II 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 LEO C PARENT SCHOLARSHIP TR II 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 LEO C PARENT SCHOLARSHIP TR II?
- The 990-PF for the year ended December 31, 2025 lists 1 person; 1 received compensation from the organization, the highest $12,293 (Alerus Financial, Trustee).
- How much revenue does LEO C PARENT SCHOLARSHIP TR II have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $146,520, expenses of $88,009 and total assets of $1,696,945 at year end.
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