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Nonprofit · EIN 92-2341347

BUCK AND LOIS SCHEELE FOUNDATION

Tax-exempt · WILLISTON, ND 58801

Financials

$15.3M$680K2023$2.8M$797K2024$9.4M$881K2025
Revenue Expenses · by fiscal year end
Financials of BUCK AND LOIS SCHEELE FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$9,444,967$880,708$8,564,259$25,186,187$22,067$25,164,120
December 31, 2024990-PF$2,762,779$796,668$1,966,111$16,599,861$0$16,599,861
December 31, 2023990-PF$15,313,750$680,000$14,633,750$14,633,750$0$14,633,750
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$8,500,000
Dividends
$153,415
Interest
$699,441
Net gain from sales of assets
$92,111

Expenses

Grants and similar amounts paid
$862,000
Disbursements for charitable purposes
$862,000
Excise tax on investment income
$13,088

Balance sheet and other

Total assets, start of year
$16,599,861
Total assets, end of year
$25,186,187
Total liabilities, end of year
$22,067
Net assets, end of year
$25,164,120
Fair market value of assets
$28,842,891
Qualifying distributions
$862,000
Net investment income
$944,967

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
LOIS SCHEELE
1020 42ND ST EAST, WILLISTON, ND 58801
PRESIDENT0$0
TOM POWERS
1607 4TH AVE E, WILLISTON, ND 58801
VICE PRESIDE0$0
ADAM GROTH
3812 MONREO DRIVE, BISMARCK, ND 58503
ASST VICE PR0$0
LISA PATTON
716 1ST AVE W, WILLISTON, ND 58801
ASST VICE PR0$0
CHERYL POWERS
1607 4TH AVE E, WILLISTON, ND 58801
SECR/TREAS0$0
990-PF for the year ended December 31, 2024: 5 people
NameTitleHours / weekCompensation
LOIS SCHEELE
1020 42ND ST EAST, WILLISTON, ND 58801
PRESIDENT0$0
TOM POWERS
1607 4TH AVE E, WILLISTON, ND 58801
VICE PRESIDE0$0
ADAM GROTH
3812 MONREO DRIVE, BISMARCK, ND 58503
ASST VICE PR0$0
LISA PATTON
716 1ST AVE W, WILLISTON, ND 58801
ASST VICE PR0$0
CHERYL POWERS
1607 4TH AVE E, WILLISTON, ND 58801
SECR/TREAS0$0
990-PF for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
LOIS SCHEELE
1020 42ND ST EAST, WILLISTON, ND 58801
PRESIDENT1$0
TOM POWERS
1607 4TH AVE E, WILLISTON, ND 58801
VICE PRESIDE1$0
ADAM GROTH
984 SANTA FE AVE, BISMARCK, ND 58504
ASST VICE PR1$0
LISA PATTON
716 1ST AVE W, WILLISTON, ND 58801
ASST VICE PR1$0
CHERYL POWERS
1607 4TH AVE E, WILLISTON, ND 58801
SECR/TREAS1$0

Address and contacts

Address (IRS master file)
1020 42ND ST E, WILLISTON, ND 58801-6809
Signed the 990-PF
LOIS SCHEELE, PRESIDENT
Phone
(701) 570-4614
Return prepared by
HAGA KOMMER LTD

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
92-2341347
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
2023
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$25,186,187
Income (IRS master file)
$12,442,857

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$9,444,967$880,708$25,186,187XML
990-PFDecember 2024$2,762,779$796,668$16,599,861XML
990-PFDecember 2023$15,313,750$680,000$14,633,750XML

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 92-2341347).

Questions about BUCK AND LOIS SCHEELE FOUNDATION

What is the EIN of BUCK AND LOIS SCHEELE FOUNDATION?
The employer identification number (EIN) of BUCK AND LOIS SCHEELE FOUNDATION is 92-2341347.
Is BUCK AND LOIS SCHEELE FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
Are donations to BUCK AND LOIS SCHEELE FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does BUCK AND LOIS SCHEELE FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of BUCK AND LOIS SCHEELE FOUNDATION 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 BUCK AND LOIS SCHEELE FOUNDATION 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 BUCK AND LOIS SCHEELE FOUNDATION?
The 990-PF for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
How much revenue does BUCK AND LOIS SCHEELE FOUNDATION have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $9,444,967, expenses of $880,708 and total assets of $25,186,187 at year end.

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