Nonprofit · EIN 42-1205054
ADEL DESOTO COMMUNITY SCHOOL DISTRICT SCHOLARSHIP FOUNDATION
Tax-exempt · ADEL, IA 50003
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $167,649 | $64,008 | $103,641 | $1,650,023 | $0 | $1,650,023 |
| December 31, 2024 | 990 | $118,663 | $59,133 | $59,530 | $1,516,627 | $0 | $1,516,627 |
| December 31, 2023 | 990 | $126,319 | $66,472 | $59,847 | $1,442,373 | $0 | $1,442,373 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $44,870
- Program service revenue
- $50,021
- Investment income
- $72,758
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $59,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $63,583
- Management and general (functional)
- $425
Balance sheet and other
- Total assets, start of year
- $1,516,627
- Total assets, end of year
- $1,650,023
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,650,023
- Publicly traded securities
- $1,409,312
- Net assets with donor restrictions
- $1,650,023
- Gross receipts
- $167,649
- Employees
- 0
- Volunteers
- 11
- Year formed
- 1983
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS BOOK | TRUSTEE Trustee or director | 1 | $0 |
| JUDY BURGUS | TRUSTEE Trustee or director | 1 | $0 |
| GREG DUFOE | TRUSTEE Trustee or director | 1 | $0 |
| LORI GEADELMANN | TRUSTEE Trustee or director | 1 | $0 |
| LEE GRIEBEL | TRUSTEE Trustee or director | 1 | $0 |
| MATT HEMPHILL | PRESIDENT Trustee or director | 1 | $0 |
| JULIE JENSEN | SECRETARY Trustee or director | 1 | $0 |
| CAROLE SCHEPERS | TRUSTEE Trustee or director | 1 | $0 |
| CAROLE SCHLAPKOHL | TRUSTEE Trustee or director | 1 | $0 |
| JOHN SHORT | TREASURER Trustee or director | 2 | $0 |
| DELLA WEEMS | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CAROLYN WEIENETH | TRUSTEE Trustee or director | 1 | $0 |
| GREG DUFOE | TRUSTEE Trustee or director | 1 | $0 |
| THOMAS BOOK | TRUSTEE Trustee or director | 1 | $0 |
| LORI GEADELMANN | TRUSTEE Trustee or director | 1 | $0 |
| JUDY BURGUS | TRUSTEE Trustee or director | 1 | $0 |
| JULIE JENSEN | SECRETARY Trustee or director | 1 | $0 |
| JOHN SHORT | TREASURER Trustee or director | 2 | $0 |
| MATT HEMPHILL | PRESIDENT Trustee or director | 1 | $0 |
| LEE GRIEBEL | TRUSTEE Trustee or director | 1 | $0 |
| CAROLE SCHEPERS | TRUSTEE Trustee or director | 1 | $0 |
| CAROLE SCHLAPKOHL | TRUSTEE Trustee or director | 1 | $0 |
| DELLA WEEMS | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CAROLYN WEIENETH | TRUSTEE Trustee or director | 1 | $0 |
| GREG DUFOE | TRUSTEE Trustee or director | 1 | $0 |
| THOMAS BOOK | TRUSTEE Trustee or director | 1 | $0 |
| LORI GEADELMANN | TRUSTEE Trustee or director | 1 | $0 |
| JUDY BURGUS | TRUSTEE Trustee or director | 1 | $0 |
| JULIE JENSEN | SECRETARY Trustee or director | 1 | $0 |
| JOHN SHORT | TREASURER Trustee or director | 2 | $0 |
| MATT HEMPHILL | PRESIDENT Trustee or director | 1 | $0 |
| LEE GRIEBEL | TRUSTEE Trustee or director | 1 | $0 |
| CAROLE SCHEPERS | TRUSTEE Trustee or director | 1 | $0 |
| CAROLE SCHLAPKOHL | TRUSTEE Trustee or director | 1 | $0 |
| DELLA WEEMS | TRUSTEE Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 218 S 9TH ST, ADEL, IA 50003-1733
- Principal officer (990 for 2025)
- MATT HEMPHILL, 218 S 9TH STREET, ADEL, IA 50003
- Signed the 990
- MATT HEMPHILL, PRESIDENT
- Phone
- (515) 993-1000
- Return prepared by
- INSIGHT CPA
Mission
PROVIDE SCHOLARSHIPS TO GRADUATES OF THE COMMUNITIES' HIGH SCHOOL.
Program accomplishments
- PROVIDE SCHOLARSHIPS TO GRADUATES OF THE COMMUNITIES' HIGH SCHOOL.Expenses $63,583 · grants $59,000 · revenue $167,649
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 42-1205054
- 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
- 1983
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T31)
- Assets (IRS master file)
- $1,650,023
- Income (IRS master file)
- $167,649
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $167,649 | $64,008 | $1,650,023 | XML |
| 990 | December 2024 | $118,663 | $59,133 | $1,516,627 | XML |
| 990 | December 2023 | $126,319 | $66,472 | $1,442,373 | XML |
| 990 | December 2022 | $123,545 | $62,782 | $1,335,459 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | 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 42-1205054).
Questions about ADEL DESOTO COMMUNITY SCHOOL DISTRICT SCHOLARSHIP FOUNDATION
- What is the EIN of ADEL DESOTO COMMUNITY SCHOOL DISTRICT SCHOLARSHIP FOUNDATION?
- The employer identification number (EIN) of ADEL DESOTO COMMUNITY SCHOOL DISTRICT SCHOLARSHIP FOUNDATION is 42-1205054.
- Is ADEL DESOTO COMMUNITY SCHOOL DISTRICT SCHOLARSHIP FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to ADEL DESOTO COMMUNITY SCHOOL DISTRICT SCHOLARSHIP FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ADEL DESOTO COMMUNITY SCHOOL DISTRICT SCHOLARSHIP FOUNDATION 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 ADEL DESOTO COMMUNITY SCHOOL DISTRICT SCHOLARSHIP 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 ADEL DESOTO COMMUNITY SCHOOL DISTRICT SCHOLARSHIP FOUNDATION 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 ADEL DESOTO COMMUNITY SCHOOL DISTRICT SCHOLARSHIP FOUNDATION?
- The 990 for the year ended December 31, 2025 names MATT HEMPHILL.
- Who are the officers and directors of ADEL DESOTO COMMUNITY SCHOOL DISTRICT SCHOLARSHIP FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does ADEL DESOTO COMMUNITY SCHOOL DISTRICT SCHOLARSHIP FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $167,649, expenses of $64,008 and total assets of $1,650,023 at year end.
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All nonprofits in ADEL · Iowa · Philanthropy, voluntarism and grantmaking foundations