Nonprofit · EIN 42-1343360
MARION INDEPENDENT SCHOOL FOUNDATION AND ALUMNI ASSOCIATION
Tax-exempt · MARION, IA 52302
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,268,985 | $376,928 | $892,057 | $6,796,890 | $641 | $6,796,249 |
| December 31, 2023 | 990 | $4,695,488 | $524,467 | $4,171,021 | $5,904,192 | $0 | $5,904,192 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $600,179
- Program service revenue
- $0
- Investment income
- $668,806
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $52,449
- Salaries, compensation and benefits (total)
- $58,092
- Professional fundraising fees
- $0
- Accounting fees
- $9,387
- Program services (functional)
- $361,363
- Management and general (functional)
- $15,565
Balance sheet and other
- Total assets, start of year
- $5,904,192
- Total assets, end of year
- $6,796,890
- Total liabilities, end of year
- $641
- Net assets, end of year
- $6,796,249
- Publicly traded securities
- $6,748,994
- Net assets without donor restrictions
- $6,796,249
- Gross receipts
- $1,268,985
- Employees
- 4
- Year formed
- 1988
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREGORY VAN GORP | TRUSTEE/DIRE Trustee or director | – | $0 |
| DOREEN ZUMWALT | PAST PRESIDE Trustee or director | – | $0 |
| ADAM DETERMANN | TREASURER Officer | – | $0 |
| RACHEL HAUCK | PRESIDENT EL Officer | – | $0 |
| BONNIE RAASCH | PRESIDENT Officer | – | $0 |
| COLTON STORLA | SECRETARY Officer | – | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEPHEN GODAR | TREASURER Trustee or director | – | $0 |
| VICTOR KLPFENSTEIN | EMERITUS TRU Trustee or director | – | $0 |
| PATRICIA WEBSTER | EMERITUS TRU Trustee or director | – | $0 |
| DOREEN ZUMWALT | PRESIDENT EL Trustee or director | – | $0 |
| GREGORY VAN GORP | PRESIDENT Officer | – | $0 |
| COLTON STORLA | SECRETARY Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 777 S 15TH ST, MARION, IA 52302-4966
- Principal officer (990 for 2024)
- BONNIE RAASCH
- Signed the 990
- ADAM DETERMANN, TREASURER
- Phone
- (319) 377-4691
- Website
- MARION-FOUNDATION.ORG
- Return prepared by
- JOEL GRANDON ACCOUNTING SERVICES PC
Mission
ENHANCING EDUCATION FOR THE BENEFIT OF MARION IDEPENDENT SCHOOL DISTRICT STUDENTS, SCHOOLS AND GREATER COMMUNTIY.
Program accomplishments
- PROVIDE SCHOLARSHIPS TO STUDENTS IN THE MISD.Expenses $89,475
- GRANTS FOR EDUCATIONAL ENHANCEMENTS TO STUDENTS IN THE MARION INDEPENDENT SCHOOL DISTRICTExpenses $24,704
- COMMUNITY SUPPORT FOR STUDENTS, STAFF AND COMMUNITY.
- SUPPORT THE EFFORTS OF THE FOUNDATIONExpenses $247,184
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 | Not 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
- 42-1343360
- 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
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $6,796,890
- Income (IRS master file)
- $1,268,985
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,268,985 | $376,928 | $6,796,890 | XML |
| 990 | December 2023 | $4,695,488 | $524,467 | $5,904,192 | XML |
| 990 | December 2022 | $193,189 | $454,139 | $1,733,171 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | 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 42-1343360).
Questions about MARION INDEPENDENT SCHOOL FOUNDATION AND ALUMNI ASSOCIATION
- What is the EIN of MARION INDEPENDENT SCHOOL FOUNDATION AND ALUMNI ASSOCIATION?
- The employer identification number (EIN) of MARION INDEPENDENT SCHOOL FOUNDATION AND ALUMNI ASSOCIATION is 42-1343360.
- Is MARION INDEPENDENT SCHOOL FOUNDATION AND ALUMNI ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to MARION INDEPENDENT SCHOOL FOUNDATION AND ALUMNI ASSOCIATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MARION INDEPENDENT SCHOOL FOUNDATION AND ALUMNI ASSOCIATION 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 MARION INDEPENDENT SCHOOL FOUNDATION AND ALUMNI ASSOCIATION 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 MARION INDEPENDENT SCHOOL FOUNDATION AND ALUMNI ASSOCIATION 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 MARION INDEPENDENT SCHOOL FOUNDATION AND ALUMNI ASSOCIATION?
- The 990 for the year ended December 31, 2024 names BONNIE RAASCH.
- Who are the officers and directors of MARION INDEPENDENT SCHOOL FOUNDATION AND ALUMNI ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does MARION INDEPENDENT SCHOOL FOUNDATION AND ALUMNI ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,268,985, expenses of $376,928 and total assets of $6,796,890 at year end.
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