Nonprofit · EIN 42-1240404
ALGONA COMMUNITY SCHOOL FOUNDATION
Also known as ALGONA COMMUNITY SCHOOL FDN
Tax-exempt · ALGONA, IA 50511
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,808,471 | $1,310,894 | $497,577 | $24,673,765 | $0 | $24,673,765 |
| December 31, 2024 | 990 | $7,776,795 | $1,202,637 | $6,574,158 | $23,135,715 | $0 | $23,135,715 |
| December 31, 2023 | 990 | $3,397,346 | $1,200,964 | $2,196,382 | $15,817,794 | $0 | $15,817,794 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $479,163
- Program service revenue
- $0
- Investment income
- $1,196,798
- Net rental income
- $132,510
- Net gain from sales of assets
- $79,336
- Other revenue
- $132,510
Expenses
- Grants and similar amounts paid
- $1,189,607
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $13,575
- Program services (functional)
- $1,199,467
- Management and general (functional)
- $98,404
- Fundraising (functional)
- $13,023
Balance sheet and other
- Total assets, start of year
- $23,135,715
- Total assets, end of year
- $24,673,765
- Total liabilities, end of year
- $0
- Net assets, end of year
- $24,673,765
- Land, buildings and equipment
- $5,731,122
- Publicly traded securities
- $18,911,468
- Net assets without donor restrictions
- $765,889
- Net assets with donor restrictions
- $23,907,876
- Gross receipts
- $2,110,939
- Employees
- 0
- Volunteers
- 50
- Year formed
- 1984
- 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 |
|---|---|---|---|
| MIKE GABOR | Director Trustee or director | 1 | $0 |
| BARB TEETER | Director Trustee or director | 2 | $0 |
| KIRK HAYES | Director Trustee or director | 1 | $0 |
| BRUCE HACKBARTH | Director Trustee or director | 1 | $0 |
| WILLIAM FARNHAM | Director Trustee or director | 1 | $0 |
| JOE CARTER | Director Trustee or director | 1 | $0 |
| PAIGE GREIN | Director Trustee or director | 1 | $0 |
| MORGAN KUECKER | Director Trustee or director | 1 | $0 |
| JARED CECIL | Director Trustee or director | 1 | $0 |
| JEFF KNAPP | Director Trustee or director | 1 | $0 |
| BEN KERN | Director Trustee or director | 1 | $0 |
| ELIZABETH STOWATER | Vice President Officer | 1 | $0 |
| ALISON VANOTTERLOO | President Officer | 2 | $0 |
| KRISTIE BROWN | Treasurer Officer | 2 | $0 |
990 for the year ended December 31, 2024: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIKE GABOR | Director Trustee or director | 1 | $0 |
| BARB TEETER | Director Trustee or director | 2 | $0 |
| KIRK HAYES | Director Trustee or director | 1 | $0 |
| BRUCE HACKBARTH | Director Trustee or director | 1 | $0 |
| WILLIAM FARNHAM | Director Trustee or director | 1 | $0 |
| JOE CARTER | Director Trustee or director | 1 | $0 |
| PAIGE GREIN | Director Trustee or director | 1 | $0 |
| MORGAN KUECKER | Director Trustee or director | 1 | $0 |
| JARED CECIL | Director Trustee or director | 1 | $0 |
| JEFF KNAPP | Director Trustee or director | 1 | $0 |
| BEN KERN | Director Trustee or director | 1 | $0 |
| ELIZABETH STOWATER | President Officer | 2 | $0 |
| ALISON VANOTTERLOO | Vice President Officer | 1 | $0 |
| KRISTIE BROWN | Treasurer Officer | 2 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIKE GABOR | Director Trustee or director | 1 | $0 |
| BARB TEETER | Director Trustee or director | 2 | $0 |
| KIRK HAYES | Director Trustee or director | 1 | $0 |
| BRUCE HACKBARTH | Director Trustee or director | 1 | $0 |
| WILLIAM FARNHAM | Director Trustee or director | 1 | $0 |
| JOE CARTER | Director Trustee or director | 1 | $0 |
| MORGAN KUECKER | Director Trustee or director | 1 | $0 |
| JARED CECIL | Director Trustee or director | 1 | $0 |
| JEFF KNAPP | Director Trustee or director | 1 | $0 |
| BEN KERN | Director Trustee or director | 1 | $0 |
| ELIZABETH STOWATER | President Officer | 2 | $0 |
| ALISON VANOTTERLOO | Vice President Officer | 1 | $0 |
| KRISTIE BROWN | Treasurer Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 111 N DODGE ST, ALGONA, IA 50511-2637
- Signed the 990
- ALISON VANOTTERLOO, President
- Phone
- (515) 295-3565
- Return prepared by
- Buchanan Bibler Gabor Meis
Mission
FINANCIAL SUPPORT TO THE ALGONA COMMUNITY SCHOOL SYSTEM AND POST HIGH SCHOOL SCHOLARSHIP SUPPORT TO GRADUATES OF THE SCHOOL
Program accomplishments
- SCHOLARSHIP SUPPORT GRANTED ONLY TO GRADUATES OF ALGONA COMMUNITY SCHOOL DISTRICT. SEE ATTACHED LISTING OF GRANTS.Expenses $928,896 · grants $919,036
- SUPPORT OF VARIOUS PROGRAMS CONDUCTED BY ALGONA COMMUNITY SCHOOL DISTRICT THROUGH ADMINISTRATION OF THE DISTRICT. SEE ATTACHED LISTING OF GRANTS.Expenses $270,571 · grants $270,571
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
- 42-1240404
- 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
- 1985
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $24,673,765
- Income (IRS master file)
- $2,110,939
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,808,471 | $1,310,894 | $24,673,765 | IRS |
| 990 | December 2024 | $7,776,795 | $1,202,637 | $23,135,715 | XML |
| 990 | December 2023 | $3,397,346 | $1,200,964 | $15,817,794 | XML |
| 990 | December 2022 | $6,259,783 | $882,397 | $13,564,941 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | 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 42-1240404).
Questions about ALGONA COMMUNITY SCHOOL FOUNDATION
- What is the EIN of ALGONA COMMUNITY SCHOOL FOUNDATION?
- The employer identification number (EIN) of ALGONA COMMUNITY SCHOOL FOUNDATION is 42-1240404.
- Is ALGONA COMMUNITY SCHOOL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to ALGONA COMMUNITY SCHOOL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ALGONA COMMUNITY SCHOOL 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 ALGONA COMMUNITY SCHOOL 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 ALGONA COMMUNITY SCHOOL FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who are the officers and directors of ALGONA COMMUNITY SCHOOL FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 14 people; 0 received compensation from the organization.
- How much revenue does ALGONA COMMUNITY SCHOOL FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,808,471, expenses of $1,310,894 and total assets of $24,673,765 at year end.
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