Nonprofit · EIN 42-1214336
ALBERT B & VERA CLEMENT CHARITABLE TRUST
Tax-exempt · ALTOONA, IA 50009
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| November 30, 2025 | 990-PF | $25,136 | $116,871 | -$91,735 | $1,881,471 | $0 | $1,881,471 |
| November 30, 2024 | 990-PF | $44,674 | $120,825 | -$76,151 | $1,968,472 | $0 | $1,968,472 |
| November 30, 2023 | 990-PF | $46,516 | $113,745 | -$67,229 | $2,036,905 | $0 | $2,036,905 |
Financial details: 990-PF for the year ended November 30, 2025
Revenue
- Interest
- $4,111
- Net rental income
- $6,768
Expenses
- Grants and similar amounts paid
- $80,200
- Compensation of officers, directors and key employees
- $5,500
- Disbursements for charitable purposes
- $91,243
Balance sheet and other
- Total assets, start of year
- $1,968,472
- Total assets, end of year
- $1,881,471
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,881,471
- Fair market value of assets
- $1,881,471
- Qualifying distributions
- $91,243
- Net investment income
- $25,136
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 November 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRAD SKINNER PO BOX 367, ALTOONA, IA 50009 | TRUSTEE | 1 | $2,750 |
| DON TIMMINS PO BOX 367, ALTOONA, IA 50009 | TRUSTEE | 1 | $2,750 |
990-PF for the year ended November 30, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRAD SKINNER DON TIMMINS 160 ADVENTURELAND DR STE B, ALTOONA, IA 50009 | TRUSTEE | 1 | $0 |
990-PF for the year ended November 30, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRAD SKINNER DON TIMMINS 115 CENTER AVE N PO BOX 76, MITCHELLVILLE, IA 50169 | Trustee | 1 | $2,500 |
Address and contacts
- Address (IRS master file)
- PO BOX 367, ALTOONA, IA 50009-0367
- In care of
- % VOS LAW FIRM
- Signed the 990-PF
- BRAD SKINNER DON TIMMINS, TRUSTEE
- Phone
- (515) 967-4264
- Return prepared by
- WELGAARD CPAS & ADVISORS
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in November, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2024 | November 30, 2025 | April 15, 2026 | 990-PF on file |
| 2023 | November 30, 2024 | April 15, 2025 | 990-PF on file |
| 2022 | November 30, 2023 | April 15, 2024 | 990-PF on file |
IRS record
- EIN
- 42-1214336
- Accounting year ends
- November
- Files
- Form 990-PF
- Assets (IRS master file)
- $1,881,471
- Income (IRS master file)
- $285,136
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | November 2025 | $25,136 | $116,871 | $1,881,471 | IRS |
| 990-PF | November 2024 | $44,674 | $120,825 | $1,968,472 | IRS |
| 990-PF | November 2023 | $46,516 | $113,745 | $2,036,905 | XML |
| 990-PF | November 2022 | – | – | – | IRS |
| 990-PF | November 2021 | – | – | – | IRS |
| 990-PF | November 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 42-1214336).
Questions about ALBERT B & VERA CLEMENT CHARITABLE TRUST
- What is the EIN of ALBERT B & VERA CLEMENT CHARITABLE TRUST?
- The employer identification number (EIN) of ALBERT B & VERA CLEMENT CHARITABLE TRUST is 42-1214336.
- Is ALBERT B & VERA CLEMENT CHARITABLE TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt.
- Which annual return does ALBERT B & VERA CLEMENT CHARITABLE TRUST file?
- Form 990-PF. Private foundations file every year.
- When is the next return of ALBERT B & VERA CLEMENT CHARITABLE TRUST due?
- The return for tax year 2025 (the year ending November 30, 2026) is due April 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ALBERT B & VERA CLEMENT CHARITABLE TRUST last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended November 2025.
- Who are the officers and directors of ALBERT B & VERA CLEMENT CHARITABLE TRUST?
- The 990-PF for the year ended November 30, 2025 lists 2 people; 2 received compensation from the organization, the highest $2,750 (BRAD SKINNER, TRUSTEE).
- How much revenue does ALBERT B & VERA CLEMENT CHARITABLE TRUST have?
- On its 990-PF for the year ended November 30, 2025 it reported revenue of $25,136, expenses of $116,871 and total assets of $1,881,471 at year end.
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