Nonprofit · EIN 42-6173496
R J MCELROY TRUST
Tax-exempt · WATERLOO, IA 50701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $2,338,001 | $2,741,413 | -$403,412 | $39,687,281 | $0 | $39,687,281 |
| December 31, 2023 | 990-PF | $1,686,954 | $3,497,048 | -$1,810,094 | $40,090,693 | $0 | $40,090,693 |
| December 31, 2022 | 990-PF | $4,204,697 | $3,039,379 | $1,165,318 | $41,900,787 | $0 | $41,900,787 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $512,480
- Interest
- $325,351
- Net gain from sales of assets
- $1,435,393
- Other income
- $64,777
Expenses
- Grants and similar amounts paid
- $2,067,110
- Compensation of officers, directors and key employees
- $120,500
- Salaries, compensation and benefits (total)
- $70,687
- Disbursements for charitable purposes
- $2,293,686
- Excise tax on investment income
- $25,972
Balance sheet and other
- Total assets, start of year
- $40,090,693
- Total assets, end of year
- $39,687,281
- Total liabilities, end of year
- $0
- Net assets, end of year
- $39,687,281
- Fair market value of assets
- $52,843,328
- Qualifying distributions
- $2,293,686
- Net investment income
- $2,200,120
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MEGAN MCKENZIE 114 E 4TH ST STE 300, WATERLOO, IA 50703 | EXECUTIVE DI | 40 | $87,500 |
| JAMES WATERBURY 114 E 4TH ST STE 300, WATERLOO, IA 50703 | TRUSTEE | 0.1 | $6,000 |
| ROBERT SMITH JR 114 E 4TH ST STE 300, WATERLOO, IA 50703 | TRUSTEE | 0.1 | $6,000 |
| MICHAEL YOUNG 114 E 4TH ST STE 300, WATERLOO, IA 50703 | TRUSTEE | 0.1 | $6,000 |
| SALLY HOLLIS 114 E 4TH ST STE 300, WATERLOO, IA 50703 | TRUSTEE | 0.1 | $6,000 |
| KATHY FLYNN 114 E 4TH ST STE 300, WATERLOO, IA 50703 | TRUSTEE | 0.1 | $6,000 |
| RALEIGH BUCKMASTER 114 E 4TH ST STE 300, WATERLOO, IA 50703 | TRUSTEE | 0.1 | $3,000 |
990-PF for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MEGAN MCKENZIE 114 E 4TH ST STE 300, WATERLOO, IA 50703 | EXECUTIVE DI | 40 | $77,071 |
| RALEIGH BUCKMASTER 114 E 4TH ST STE 300, WATERLOO, IA 50703 | TRUSTEE | 0.1 | $6,000 |
| JAMES WATERBURY 114 E 4TH ST STE 300, WATERLOO, IA 50703 | TRUSTEE | 0.1 | $6,000 |
| KATHY FLYNN 114 E 4TH ST STE 300, WATERLOO, IA 50703 | TRUSTEE | 0.1 | $6,000 |
| ROBERT SMITH JR 114 E 4TH ST STE 300, WATERLOO, IA 50703 | TRUSTEE | 0.1 | $6,000 |
| MICHAEL YOUNG 114 E 4TH ST STE 300, WATERLOO, IA 50703 | TRUSTEE | 0.1 | $6,000 |
| SALLY HOLLIS 114 E 4TH ST STE 300, WATERLOO, IA 50703 | TRUSTEE | 0.1 | $6,000 |
990-PF for the year ended December 31, 2022: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MEGAN MCKENZIE 114 E 4TH STREET STE 300, WATERLOO, IA 50703 | EXECUTIVE DI | 0 | $71,269 |
| RALEIGH D BUCKMASTER 114 E 4TH STREET STE 300, WATERLOO, IA 50703 | TRUSTEE | 0 | $6,000 |
| RICHARD C YOUNG 114 E 4TH STREET STE 300, WATERLOO, IA 50703 | TRUSTEE | 0 | $6,000 |
| JAMES B WATERBURY 114 E 4TH STREET STE 300, WATERLOO, IA 50703 | TRUSTEE | 0 | $6,000 |
| KATHY FLYNN 114 E 4TH STREET STE 300, WATERLOO, IA 50703 | TRUSTEE | 0 | $6,000 |
| ROBERT L SMITH JR 114 E 4TH STREET STE 300, WATERLOO, IA 50703 | TRUSTEE | 0 | $6,000 |
| MICHAEL R YOUNG 114 E 4TH STREET STE 300, WATERLOO, IA 50703 | TRUSTEE | 0 | $6,000 |
| SALLY HOLLIS 114 E 4TH STREET STE 300, WATERLOO, IA 50703 | TRUSTEE | 0 | $6,000 |
Address and contacts
- Address (IRS master file)
- 425 CEDAR ST STE 312, WATERLOO, IA 50701-1351
- In care of
- % ROBERT BUCKMASTER TTEE
- Signed the 990-PF
- ROBERT SMITH JR, TRUSTEE
- Phone
- (319) 287-9102
- Return prepared by
- HOGAN - HANSEN PC
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 | Not 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
- 42-6173496
- 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
- 1989
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $39,687,281
- Income (IRS master file)
- $8,028,838
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $2,338,001 | $2,741,413 | $39,687,281 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $1,686,954 | $3,497,048 | $40,090,693 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | $4,204,697 | $3,039,379 | $41,900,787 | XML |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | 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 42-6173496).
Questions about R J MCELROY TRUST
- What is the EIN of R J MCELROY TRUST?
- The employer identification number (EIN) of R J MCELROY TRUST is 42-6173496.
- Is R J MCELROY TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to R J MCELROY TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does R J MCELROY TRUST file?
- Form 990-PF. Private foundations file every year.
- When is the next return of R J MCELROY 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 R J MCELROY TRUST last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of R J MCELROY TRUST?
- The 990-PF for the year ended December 31, 2024 lists 7 people; 7 received compensation from the organization, the highest $87,500 (MEGAN MCKENZIE, EXECUTIVE DI).
- How much revenue does R J MCELROY TRUST have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $2,338,001, expenses of $2,741,413 and total assets of $39,687,281 at year end.
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