Willard E and Ella P Thompson Educational Fund

Tax-deductible

Algona, IA501(c)(3)EIN 36-6028029Revenue $4.1M in FY2025

On file with the IRS5 E Call St, 50511-2402 · Algona, IATax-exempt since Jul 1958Private non-operating foundation

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501(c)(3) charity; gifts are tax-deductible.
Status: IRS Pub. 78

Before you give

FY2025 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990-PF
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average surplus $602K a year · 63% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
990-PF Pt I · 6 filings
Cash reserves
13 mo
of spending, in cash
Looks good: 13.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.1M
×12 vs prior year
Spent
$412K
Net assets
$7.5M
By yearFY2020–FY2025
Revenue
$4.1M
FY2025▲ ×12
Tap a bar for its year
Revenue by fiscal year
FY2020$278K
FY2021$414K
FY2022$378K
FY2023$210K
FY2024$335K
FY2025$4.1M
Expenses
$412K
FY2025▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2020$301K
FY2021$297K
FY2022$398K
FY2023$353K
FY2024$353K
FY2025$412K
Net assets
$7.5M
FY2025▲ +96%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.8M
FY2021$3.9M
FY2022$4.0M
FY2023$3.8M
FY2024$3.8M
FY2025$7.5M

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1958.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Grants & contributions paid 87% · $360K Operating & administrative 13% · $52K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

2 people listed on the 990-PF.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
See Willard E and Ella P Thompson Educational Fund executive salaries →

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Programs and updates

A private foundation based in Algona, IA.

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 25 grants · $360K · 2025–2025
Iowa Lakes Community CollegeFY2025$78,116
Iowa State UniversityFY2025$64,316
University of Northern IowaFY2025$33,904
University of IowaFY2025$28,468
Des Moines Area Community CollegeFY2025$24,660
Iowa Central Community CollegeFY2025$24,144
Palmer College of ChiropracticFY2025$11,516
Coe CollegeFY2025$10,936
Iowa Western Community CollegeFY2025$10,098
North Iowa Area Community CollegeFY2025$7,896
Grand View UniversityFY2025$6,988
Northwest Iowa Community CollegeFY2025$6,666
Luther CollegeFY2025$5,758
Grinnell CollegeFY2025$5,758
Drake UniversityFY2025$5,758
Buena Vista UniversityFY2025$5,758
Briar Cliff UniversityFY2025$5,758
Individual RecipientFY2025$5,178
See all 25 grants →

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$14K
Median grantPart XV$6K
Largest grantPart XV$78K

By the numbers

The FY2025 990-PF, line by line.

1The main four
Money in
$4.1M
Investment income$4.1M
Money out
$412K
Grants paid$360K
Running costs$52K
Owns and owes
$7.5M
net assets
Cash and savings$452K
Total assets$7.5M
Liabilities$0
People
2
listed
Paid0
2In more detail
Revenue in detail
Investment income$4.1M
Total revenue$4.1M
Assets in detailEnd of year
Cash and savings together$452K
Total assets$7.5M
Liabilities$0
Net assets$7.5M
Operations
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $4.1M$412K$3.7M$7.5M 990 PDF
FY2024 $335K$353K−$18K$3.8M 990 PDF
FY2023 $210K$353K−$143K$3.8M 990 PDF
FY2022 $378K$398K−$20K$4.0M 990 PDF
FY2021 $414K$297K$117K$3.9M 990 PDF
FY2020 $278K$301K−$24K$3.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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