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Nonprofit · EIN 42-6053621

ELMER O & IDA PRESTON EDUCATIONAL TRUST

Tax-exempt · DES MOINES, IA 50309

Financials

$103K$178K2023$209K$184K2024$345K$192K2025
Revenue Expenses · by fiscal year end
Financials of ELMER O & IDA PRESTON EDUCATIONAL TRUST by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$344,603$191,855$152,748$2,190,297$85,722$2,104,575
December 31, 2024990-PF$208,951$184,275$24,676$2,033,196$81,500$1,951,696
December 31, 2023990-PF$103,252$177,899-$74,647$2,000,812$73,875$1,926,937
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Dividends
$66,748
Interest
$30,154
Net gain from sales of assets
$244,014
Other income
$3,687

Expenses

Grants and similar amounts paid
$96,200
Compensation of officers, directors and key employees
$38,000
Disbursements for charitable purposes
$129,205
Excise tax on investment income
$3,929

Balance sheet and other

Total assets, start of year
$2,033,196
Total assets, end of year
$2,190,297
Total liabilities, end of year
$85,722
Net assets, end of year
$2,104,575
Fair market value of assets
$2,455,191
Qualifying distributions
$173,405
Net investment income
$344,603

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
PROCTOR DAVID JW
801 GRAND AVE SUITE 3700, DES MOINES, IA 50309
TRUSTEE2$25,252
VAN VLEET CHRISTOPHER
801 GRAND AVE SUITE 3700, DES MOINES, IA 50309
TRUSTEE1$6,374
MORGAN MONICA L
801 GRAND AVE SUITE 3700, DES MOINES, IA 50309
TRUSTEE1$6,374
990-PF for the year ended December 31, 2024: 3 people
NameTitleHours / weekCompensation
PROCTOR DAVID JW
801 GRAND AVE SUITE 3700, DES MOINES, IA 50309
TRUSTEE2$26,033
VAN VLEET CHRISTOPHER
801 GRAND AVE SUITE 3700, DES MOINES, IA 50309
TRUSTEE1$5,984
MORGAN MONICA L
801 GRAND AVE SUITE 3700, DES MOINES, IA 50309
TRUSTEE1$5,983
990-PF for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
PROCTOR DAVID JW
801 GRAND AVE SUITE 3700, DES MOINES, IA 50309
TRUSTEE2$28,000
VAN VLEET CHRISTOPHER
801 GRAND AVE SUITE 3700, DES MOINES, IA 50309
TRUSTEE1$5,000
MORGAN MONICA L
801 GRAND AVE SUITE 3700, DES MOINES, IA 50309
TRUSTEE1$5,000

Address and contacts

Address (IRS master file)
801 GRAND AVE STE 3700, DES MOINES, IA 50309-8004
Signed the 990-PF
MONICA MORGAN, CO-TRUSTEE
Phone
(515) 246-5802
Return prepared by
CLIFTONLARSONALLEN 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 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
42-6053621
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
1960
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$2,190,297
Income (IRS master file)
$2,655,024

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$344,603$191,855$2,190,297IRS
990-PFDecember 2024$208,951$184,275$2,033,196XML
990-PFDecember 2023$103,252$177,899$2,000,812XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 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 42-6053621).

Questions about ELMER O & IDA PRESTON EDUCATIONAL TRUST

What is the EIN of ELMER O & IDA PRESTON EDUCATIONAL TRUST?
The employer identification number (EIN) of ELMER O & IDA PRESTON EDUCATIONAL TRUST is 42-6053621.
Is ELMER O & IDA PRESTON EDUCATIONAL TRUST tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1960.
Are donations to ELMER O & IDA PRESTON EDUCATIONAL TRUST tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does ELMER O & IDA PRESTON EDUCATIONAL TRUST file?
Form 990-PF. Private foundations file every year.
When is the next return of ELMER O & IDA PRESTON EDUCATIONAL TRUST 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 ELMER O & IDA PRESTON EDUCATIONAL TRUST 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 ELMER O & IDA PRESTON EDUCATIONAL TRUST?
The 990-PF for the year ended December 31, 2025 lists 3 people; 3 received compensation from the organization, the highest $25,252 (PROCTOR DAVID JW, TRUSTEE).
How much revenue does ELMER O & IDA PRESTON EDUCATIONAL TRUST have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $344,603, expenses of $191,855 and total assets of $2,190,297 at year end.

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