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Nonprofit · EIN 42-1284566

JACK R VOLLERTSEN TRUST

Tax-exempt · MILWAUKEE, WI 53201

Financials

$118K$73K2023$168K$163K2024
Revenue Expenses · by fiscal year end
Financials of JACK R VOLLERTSEN TRUST by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$167,932$163,293$4,639$2,952,407$0$2,952,407
December 31, 2023990$118,063$72,950$45,113$2,949,090$0$2,949,090
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$164,422
Net gain from sales of assets
$55,443
Other revenue
$3,510

Expenses

Grants and similar amounts paid
$115,642
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$750
Program services (functional)
$115,642
Management and general (functional)
$47,651

Balance sheet and other

Total assets, start of year
$2,949,090
Total assets, end of year
$2,952,407
Total liabilities, end of year
$0
Net assets, end of year
$2,952,407
Publicly traded securities
$2,781,073
Gross receipts
$313,779
Employees
0
Year formed
1982
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, 2024, highest compensation first.

NameTitleHours / weekCompensation
JANICE ELLIGCHAIR
Trustee or director
–$0
KATHY DOREVICE CHAIR
Trustee or director
–$0
UNIVERSITY OF IOWA FOUNDATIONTRUSTEE
Institutional trustee
–$0
SHERRI P FURMANCFO & TREASURER
Officer
–$0
LYNETTE L MARSHALLPRESIDENT
Officer
–$0
DIANE K BROWNLEESECRETARY
Officer
–$0
TIFFANI K SHAWVICE PRESIDENT & ASSISTANT SECRETARY
Officer
–$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
JANICE ELLIGCHAIR
Trustee or director
–$0
KATHY DOREVICE CHAIR
Trustee or director
–$0
UNIVERSITY OF IOWA FOUNDATIONTRUSTEE
Institutional trustee
–$0
SHERRI P FURMANCFO & TREASURER
Officer
–$0
LYNETTE L MARSHALLPRESIDENT
Officer
–$0
DIANE K BROWNLEESECRETARY
Officer
–$0
TIFFANI K SHAWVICE PRESIDENT & ASSISTANT SECRETARY
Officer
–$0

Address and contacts

Address (IRS master file)
PO BOX 634, MILWAUKEE, WI 53201-0634
In care of
% STATE UNIVERSITY OF IOWA FOUNDATI
Principal officer (990 for 2024)
UNIVERSITY OF IA FOUNDATION, PO BOX 4550, IOWA CITY, IA 522244455
Signed the 990
UNIVERSITY OF IOWA FOUNDATION, TRUSTEE
Phone
(319) 356-9043
Return prepared by
PWC US TAX LLP

Mission

SUPPORT OF THE UNIVERSITY OF IOWA, IOWA CITY, IA FOR THE JACK R. VOLLERTSEN SCHOLARSHIP PROGRAM.

990 for the year ended December 31, 2024

Program accomplishments

  • TO AWARD SCHOLARSHIPS TO STUDENTS ENROLLED IN THE COLLEGE OF LAW AT THE UNIVERSITY OF IOWA.
    Expenses $115,642 · grants $115,642

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
42-1284566
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Exempt since
1999
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P40)
Assets (IRS master file)
$2,952,407
Income (IRS master file)
$313,779

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$167,932$163,293$2,952,407XML
990December 2023$118,063$72,950$2,949,090XML
990December 2022$130,251$121,700$2,904,435IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––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 42-1284566).

Questions about JACK R VOLLERTSEN TRUST

What is the EIN of JACK R VOLLERTSEN TRUST?
The employer identification number (EIN) of JACK R VOLLERTSEN TRUST is 42-1284566.
Is JACK R VOLLERTSEN TRUST tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
Which annual return does JACK R VOLLERTSEN TRUST 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 JACK R VOLLERTSEN TRUST due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did JACK R VOLLERTSEN TRUST last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of JACK R VOLLERTSEN TRUST?
The 990 for the year ended December 31, 2024 names UNIVERSITY OF IA FOUNDATION.
Who are the officers and directors of JACK R VOLLERTSEN TRUST?
The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does JACK R VOLLERTSEN TRUST have?
On its 990 for the year ended December 31, 2024 it reported revenue of $167,932, expenses of $163,293 and total assets of $2,952,407 at year end.

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