Nonprofit · EIN 42-1266319
ROSWELL AND ELIZABETH GARST FOUNDATION
Tax-exempt · SAC CITY, IA 50583
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $59,873 | $100,875 | -$41,002 | $928,082 | $0 | $928,082 |
| December 31, 2024 | 990-PF | $136,877 | $111,462 | $25,415 | $969,084 | $0 | $969,084 |
| December 31, 2023 | 990-PF | $37,840 | $104,349 | -$66,509 | $943,669 | $0 | $943,669 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $24,840
- Interest
- $17,037
- Net gain from sales of assets
- $17,996
Expenses
- Grants and similar amounts paid
- $92,750
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $93,340
- Excise tax on investment income
- $727
Balance sheet and other
- Total assets, start of year
- $969,084
- Total assets, end of year
- $928,082
- Total liabilities, end of year
- $0
- Net assets, end of year
- $928,082
- Fair market value of assets
- $1,730,166
- Qualifying distributions
- $93,340
- Net investment income
- $59,873
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIMOTHY LEE 500 AUDUBON STREET PO BOX 486, SAC CITY, IA 50583 | PRESIDENT | 1 | $0 |
| ZACHARY LEE 500 AUDUBON STREET PO BOX 486, SAC CITY, IA 50583 | SECRETARY | 1 | $0 |
| WAYNE FLOERCHINGER 500 AUDUBON STREET PO BOX 486, SAC CITY, IA 50583 | VICE PRESIDENT | 1 | $0 |
| STEVEN SPOTTS 500 AUDUBON STREET PO BOX 486, SAC CITY, IA 50583 | TREASURER | 1 | $0 |
990-PF for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM HESS 510 WEST HWY 30 PO BOX 967, CARROLL, IA 51401 | PRES/TREAS & DIRECTOR | 1 | $0 |
| TIMOTHY LEE 510 WEST HWY 30 PO BOX 967, CARROLL, IA 51401 | DIRECTOR | 1 | $0 |
| ZACHARY LEE 510 WEST HWY 30 PO BOX 967, CARROLL, IA 51401 | DIRECTOR | 1 | $0 |
| WAYNE FLOERCHINGER 510 WEST HWY 30 PO BOX 967, CARROLL, IA 51401 | DIRECTOR | 1 | $0 |
| LUANN VOLLSTEDT 510 WEST HWY 30 PO BOX 967, CARROLL, IA 51401 | SECRETARY | 1 | $0 |
| MICHEL NELSON 510 WEST HWY 30 PO BOX 967, CARROLL, IA 51401 | VICE PRESIDENT (JAN 2024-MAR 2024) | 1 | $0 |
| ANN MENZEL 510 WEST HWY 30 PO BOX 967, CARROLL, IA 51401 | VICE PRESIDENT (MAR 2024 - DEC 2024) | 1 | $0 |
990-PF for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM HESS 510 WEST HWY 30 PO BOX 967, CARROLL, IA 51401 | PRES/TREAS & DIRECTOR | 1 | $0 |
| TIMOTHY LEE 510 WEST HWY 30 PO BOX 967, CARROLL, IA 51401 | DIRECTOR | 1 | $0 |
| ZACHARY LEE 510 WEST HWY 30 PO BOX 967, CARROLL, IA 51401 | DIRECTOR | 1 | $0 |
| WAYNE FLOERCHINGER 510 WEST HWY 30 PO BOX 967, CARROLL, IA 51401 | DIRECTOR | 1 | $0 |
| LUANN VOLLSTEDT 510 WEST HWY 30 PO BOX 967, CARROLL, IA 51401 | SECRETARY | 1 | $0 |
| MICHEL NELSON 510 WEST HWY 30 PO BOX 967, CARROLL, IA 51401 | VICE PRESIDENT | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 486, SAC CITY, IA 50583-0486
- Signed the 990-PF
- STEVEN SPOTTS, MANAGER
- Phone
- (712) 662-4721
- Return prepared by
- CAIN ELLSWORTH & CO 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 | 990-PF 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
- 42-1266319
- 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
- 1986
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $928,082
- Income (IRS master file)
- $96,999
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $59,873 | $100,875 | $928,082 | IRS |
| 990-PF | December 2024 | $136,877 | $111,462 | $969,084 | IRS |
| 990-PF | December 2023 | $37,840 | $104,349 | $943,669 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | 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 42-1266319).
Questions about ROSWELL AND ELIZABETH GARST FOUNDATION
- What is the EIN of ROSWELL AND ELIZABETH GARST FOUNDATION?
- The employer identification number (EIN) of ROSWELL AND ELIZABETH GARST FOUNDATION is 42-1266319.
- Is ROSWELL AND ELIZABETH GARST FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to ROSWELL AND ELIZABETH GARST FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does ROSWELL AND ELIZABETH GARST FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of ROSWELL AND ELIZABETH GARST 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 ROSWELL AND ELIZABETH GARST FOUNDATION 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 ROSWELL AND ELIZABETH GARST FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does ROSWELL AND ELIZABETH GARST FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $59,873, expenses of $100,875 and total assets of $928,082 at year end.
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