Nonprofit · EIN 42-6326753
WALTER N CHARLES TRUST
Tax-exempt · IOWA CITY, IA 52244
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $66,436 | $60,001 | $6,435 | $765,650 | $0 | $765,650 |
| December 31, 2024 | 990 | $71,883 | $50,515 | $21,368 | $759,215 | $0 | $759,215 |
| December 31, 2023 | 990 | $51,881 | $49,537 | $2,344 | $737,847 | $0 | $737,847 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $66,436
- Net gain from sales of assets
- $45,388
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $50,252
- Compensation of officers, directors and key employees
- $6,273
- Salaries, compensation and benefits (total)
- $6,273
- Professional fundraising fees
- $0
- Accounting fees
- $1,385
- Program services (functional)
- $50,252
- Management and general (functional)
- $9,749
Balance sheet and other
- Total assets, start of year
- $759,215
- Total assets, end of year
- $765,650
- Total liabilities, end of year
- $0
- Net assets, end of year
- $765,650
- Publicly traded securities
- $747,951
- Gross receipts
- $200,291
- Employees
- 0
- Year formed
- 1981
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIDWESTONE BANK ALLAN WALZ | TRUSTEE Institutional trustee | 2 | $8,364 |
990 for the year ended December 31, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIDWESTONE BANK SANDRA MORROW VP | TRUSTEE Institutional trustee | 2 | $8,124 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIDWESTONE BANK SANDRA MORROW VP | TRUSTEE Institutional trustee | 2 | $7,408 |
Address and contacts
- Address (IRS master file)
- PO BOX 1700, IOWA CITY, IA 52244-1700
- In care of
- % MIDWESTONE BANK TTEE
- Principal officer (990 for 2025)
- MIDWESTONE BANK ALLAN WALZ, 102 SOUTH CLINTON STREET, IOWA CITY, IA 52240
- Signed the 990
- MIDWESTONE BANK ALLAN WALZ, TRUSTEE
- Phone
- (319) 248-5146
- Return prepared by
- TDT CPAS AND ADVISORS PC
Mission
SUPPORT THE AMERICAN CANCER SOCIETY AND THE AMERICAN NATIONAL RED CROSS.
Program accomplishments
- DISTRIBUTED ALL INVESTMENT INCOME EVENLY BETWEEN AMERICAN RED CROSS AND AMERICAN CANCER SOCIETY.Expenses $50,252 · grants $50,252
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 | 990 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
- 42-6326753
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type III non-functionally integrated
- Donations deductible (Pub 78)
- Non-functionally integrated Type III supporting organization
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T122)
- Assets (IRS master file)
- $765,650
- Income (IRS master file)
- $200,291
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $66,436 | $60,001 | $765,650 | IRS |
| 990 | December 2024 | $71,883 | $50,515 | $759,215 | XML |
| 990 | December 2023 | $51,881 | $49,537 | $737,847 | XML |
| 990 | December 2022 | $26,541 | $51,816 | $735,503 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 42-6326753).
Questions about WALTER N CHARLES TRUST
- What is the EIN of WALTER N CHARLES TRUST?
- The employer identification number (EIN) of WALTER N CHARLES TRUST is 42-6326753.
- Is WALTER N CHARLES TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to WALTER N CHARLES TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Non-functionally integrated Type III supporting organization).
- Which annual return does WALTER N CHARLES 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 WALTER N CHARLES 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 WALTER N CHARLES TRUST last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of WALTER N CHARLES TRUST?
- The 990 for the year ended December 31, 2025 names MIDWESTONE BANK ALLAN WALZ.
- Who are the officers and directors of WALTER N CHARLES TRUST?
- The 990 for the year ended December 31, 2025 lists 1 person; 1 received compensation from the organization, the highest $8,364 (MIDWESTONE BANK ALLAN WALZ, TRUSTEE).
- How much revenue does WALTER N CHARLES TRUST have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $66,436, expenses of $60,001 and total assets of $765,650 at year end.
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