Nonprofit · EIN 41-6124022
IDA C KORAN TR
Tax-exempt · MILWAUKEE, WI 53201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $3,430,931 | $2,946,985 | $483,946 | $32,114,756 | $0 | $32,114,756 |
| December 31, 2023 | 990-PF | $1,871,970 | $2,422,189 | -$550,219 | $31,247,922 | $0 | $31,247,922 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $4,000
- Dividends
- $1,173,004
- Net gain from sales of assets
- $2,225,554
- Other income
- $28,373
Expenses
- Grants and similar amounts paid
- $2,355,179
- Compensation of officers, directors and key employees
- $260,091
- Disbursements for charitable purposes
- $2,674,419
- Excise tax on investment income
- $44,499
Balance sheet and other
- Total assets, start of year
- $31,247,922
- Total assets, end of year
- $32,114,756
- Total liabilities, end of year
- $0
- Net assets, end of year
- $32,114,756
- Fair market value of assets
- $46,562,011
- Qualifying distributions
- $2,835,694
- Net investment income
- $3,422,547
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| US BANK N A PO BOX 0634, MILWAUKEE, WI 532010634 | TRUSTEE | 1 | $260,091 |
| DIANA LEWIS 301 KENWOOD PARKWAY 302, MINNEAPOLIS, MN 55403 | TRUSTEE | 1 | $0 |
| STEVE FRITZE 645 HIDDEN CREEK TRAIL, MENDOTA HEIGHT, MN 55118 | TRUSTEE | 1 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| US BANK N A PO BOX 0634, MILWAUKEE, WI 532010634 | TRUSTEE | 1 | $235,780 |
| DIANA LEWIS 301 KENWOOD PARKWAY 302, MINNEAPOLIS, MN 55403 | TRUSTEE | 1 | $0 |
| STEVE FRITZE 645 HIDDEN CREEK TRAIL, MENDOTA HEIGHT, MN 55118 | TRUSTEE | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 634, MILWAUKEE, WI 53201-0634
- In care of
- % FIRST TR CO OF ST PAUL
- Signed the 990-PF
- U S BANK N A BY, TRUSTEE
- Phone
- (612) 303-3259
- Website
- ://www.idakorantrust.org/
- Return prepared by
- PWC US TAX 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 | Not 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
- 41-6124022
- 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
- 1992
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $32,114,756
- Income (IRS master file)
- $12,715,154
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $3,430,931 | $2,946,985 | $32,114,756 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $1,871,970 | $2,422,189 | $31,247,922 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 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 41-6124022).
Questions about IDA C KORAN TR
- What is the EIN of IDA C KORAN TR?
- The employer identification number (EIN) of IDA C KORAN TR is 41-6124022.
- Is IDA C KORAN TR tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to IDA C KORAN TR tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does IDA C KORAN TR file?
- Form 990-PF. Private foundations file every year.
- When is the next return of IDA C KORAN TR 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 IDA C KORAN TR last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of IDA C KORAN TR?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $260,091 (US BANK N A, TRUSTEE).
- How much revenue does IDA C KORAN TR have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $3,430,931, expenses of $2,946,985 and total assets of $32,114,756 at year end.
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