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Nonprofit · EIN 42-1217707

CONKLIN FAMILY SCHOLARSHIP FUND INC

Tax-exempt · WEBSTER CITY, IA 50595

Financials

$4K$9K2023$11K$11K2024$15K$8K2025
Revenue Expenses · by fiscal year end
Financials of CONKLIN FAMILY SCHOLARSHIP FUND INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$14,722$7,565$7,157$143,529$0$143,529
December 31, 2024990-PF$10,964$10,726$238$136,403$0$136,403
December 31, 2023990-PF$4,111$9,396-$5,285$135,992$0$135,992
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Dividends
$3,166
Interest
$69
Net gain from sales of assets
$11,487

Expenses

Grants and similar amounts paid
$4,942
Compensation of officers, directors and key employees
$1,990
Disbursements for charitable purposes
$4,942
Excise tax on investment income
$170

Balance sheet and other

Total assets, start of year
$136,403
Total assets, end of year
$143,529
Total liabilities, end of year
$0
Net assets, end of year
$143,529
Fair market value of assets
$157,359
Qualifying distributions
$4,942
Net investment income
$14,722

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.

NameTitleHours / weekCompensation
FIRST STATE BANK
505 SECOND STREET, WEBSTER CITY, IA 50595
TRUSTEE2$1,990
JOYCE OSTEBEE
1300 ELM STREET, WEBSTER CITY, IA 50595
PRESIDENTDIR1$0
TONY BUSSAN
1004 BANK STREET, WEBSTER CITY, IA 50595
VICE PRESDIR1$0
WILLIAM JOHNSTON
505 SECOND STREET, WEBSTER CITY, IA 50595
SECTREASDIR2$0
990-PF for the year ended December 31, 2024: 4 people
NameTitleHours / weekCompensation
JOYCE OSTEBEE
1300 ELM STREET, WEBSTER CITY, IA 50595
PRESIDENTDIR1$0
TONY BUSSAN
1004 BANK STREET, WEBSTER CITY, IA 50595
VICE PRESDIR1$0
WILLIAM JOHNSTON
505 SECOND STREET, WEBSTER CITY, IA 50595
SECTREASDIR2$0
FIRST STATE BANK
505 SECOND STREET, WEBSTER CITY, IA 50595
TRUSTEE2$0
990-PF for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
FIRST STATE BANK
505 SECOND STREET, WEBSTER CITY, IA 50595
TRUSTEE2$1,418
JOYCE OSTEBEE
1300 ELM STREET, WEBSTER CITY, IA 50595
PRESIDENTDIR1$0
TONY BUSSAN
1004 BANK STREET, WEBSTER CITY, IA 50595
VICE PRESDIR1$0
WILLIAM JOHNSTON
505 SECOND STREET, WEBSTER CITY, IA 50595
SECTREASDIR2$0

Address and contacts

Address (IRS master file)
PO BOX 70, WEBSTER CITY, IA 50595-0070
In care of
% WILLIAM JOHNSTON
Signed the 990-PF
WILLIAM JOHNSTON, TRUSTEE
Phone
(515) 832-2520
Return prepared by
HASSEBROCK TAX & WEALTH MGMT LLC

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
42-1217707
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
1985
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$143,529
Income (IRS master file)
$19,036

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$14,722$7,565$143,529XML
990-PFDecember 2024$10,964$10,726$136,403XML
990-PFDecember 2023$4,111$9,396$135,992XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 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 42-1217707).

Questions about CONKLIN FAMILY SCHOLARSHIP FUND INC

What is the EIN of CONKLIN FAMILY SCHOLARSHIP FUND INC?
The employer identification number (EIN) of CONKLIN FAMILY SCHOLARSHIP FUND INC is 42-1217707.
Is CONKLIN FAMILY SCHOLARSHIP FUND INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
Are donations to CONKLIN FAMILY SCHOLARSHIP FUND INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does CONKLIN FAMILY SCHOLARSHIP FUND INC file?
Form 990-PF. Private foundations file every year.
When is the next return of CONKLIN FAMILY SCHOLARSHIP FUND INC 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 CONKLIN FAMILY SCHOLARSHIP FUND INC 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 CONKLIN FAMILY SCHOLARSHIP FUND INC?
The 990-PF for the year ended December 31, 2025 lists 4 people; 1 received compensation from the organization, the highest $1,990 (FIRST STATE BANK, TRUSTEE).
How much revenue does CONKLIN FAMILY SCHOLARSHIP FUND INC have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $14,722, expenses of $7,565 and total assets of $143,529 at year end.

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