Frances M & E Lester Williams Charitable Trust: Nonprofit Profile, Financials & Form 990 (EIN 42-1235943)

Revenue by fiscal year
FY2021	$125K
FY2022	$133K
FY2023	$133K
FY2024	$180K
FY2025	$183K

Expenses by fiscal year
FY2021	$125K
FY2022	$126K
FY2023	$132K
FY2024	$134K
FY2025	$181K

Net assets by fiscal year
FY2021	$1.2M
FY2022	$1.3M
FY2023	$1.3M
FY2024	$1.3M
FY2025	$1.3M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1984.

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

Where the money goes

95 cents of each dollar spent went to programs.

95%

Program services 95% · $171K Management & general 5% · $9K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Norm Bach

Trustee

$0Pt VII · Sec A

Sean K Heitmann

Trustee

$0Pt VII · Sec A

James L Goodman

Trustee

$0Pt VII · Sec A

See Frances M & E Lester Williams Charitable Trust executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides administrative and financial support to tax-exempt charities.

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Provided by the organization

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3 programs · $171K · in their own filed words · FY2024

01

All of its income to support SEC.501(C)(3) exempt organizations. This organization has received irs approval as a SEC.501(C)(3) organization, and is not a private foundation as it is an organization described in SEC.501(A)

$171Kprogram expense

02

This charitable trust received rental income & interest inc. During its fiscal year. The corpus portion of this trust is $1,075,391. No fund raising is anticipated. This trust will distribute (in accord with its trust agreement).

Pt IX · col B

03

(c) irs exemption letter dated 10/17/84.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking

Grants paid · 5 grants · $657K · 2020–2024

Marshalltown Area United WayIA · FY2024$171,393

Marshalltown Area United WayIA · FY2023$125,559

Marshalltown Area United WayIA · FY2022$124,579

Marshalltown Area United WayIA · FY2021$117,867

Marshalltown Area United WayIA · FY2020$118,081

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$183K

Ln 12

Investment incomeLn 3$109K

Other incomeLn 4–11$74K

Money outPt IX

$181K

Ln 25

Programscol B$171K

Managementcol C$9K

Owns and owesPt X

$1.3M

net assets · Ln 32

Cash and savingsLn 1–2$144K

Total assetsLn 16$1.3M

LiabilitiesLn 26$0

PeoplePt VI, VII

3

listed · VII A

PaidVII A0

Voting boardVI 1a0

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Investment incomeLn 3$109K

Other incomeLn 4–11$74K

Gains on assetsLn 7$47K

Total revenueLn 12$183K

Assets in detailPt X, end of year

SavingsLn 2$144K

Cash and savings togetherLn 1–2$144K

Land, buildings, equipmentLn 10c$528K

Other assetsLn 15$628K

Total assetsLn 16$1.3M

LiabilitiesLn 26$0

Net assetsLn 32$1.3M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderSeptember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$170K	$144K
Land, buildings, equipmentLn 10c	$528K	$528K
Total assetsLn 16	$1.3M	$1.3M
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$1.3M	$1.3M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$171K	$171K
Management feesLn 11a	$8K		$8K
Legal feesLn 11b	$1K		$1K
Other fees for servicesLn 11g	$48		$48
Total functional expensesLn 25	$181K	$171K	$9K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$183K	$181K	$3K	$1.3M	990 PDF
FY2024	$180K	$134K	$46K	$1.3M	990 PDF
FY2023	$133K	$132K	$1K	$1.3M	990 PDF
FY2022	$133K	$126K	$7K	$1.3M	990 PDF
FY2021	$125K	$125K	−$213	$1.2M	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

See the full FY2025 990 (6 parts)

Part I · Summary $183,429 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $84,885$109,042

I-11 Other revenuePrior year $94,810$74,387

I-12 Total revenuePrior year $179,695$183,429

I-13 Grants and similar amounts paidPrior year $125,589$171,393

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $8,302$9,129

I-18 Total expensesPrior year $133,891$180,522

I-19 Revenue less expensesPrior year $45,804$2,907

Part VI · Governance 4 to look at

VI-1a Voting members of the governing body0

VI-1b Independent voting members0

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $183,429 across 4 lines filed

VIII-3 Investment incomeExcluded from tax $61,976$61,976

VIII-6 Net rental income or lossExcluded from tax $74,387$74,387

VIII-7 Net gain or loss on sales of assetsExcluded from tax $47,066$47,066

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $183,429$183,429

Part IX · Statement of functional expenses $180,522 across 4 lines filed

IX-1 Grants to domestic organizationsPrograms $171,393$171,393

IX-11a Management feesManagement $7,981$7,981

IX-11b Legal feesManagement $1,100$1,100

IX-11g Other fees for servicesManagement $48$48

IX-25 Total functional expensesPrograms $171,393 · Management $9,129 · Fundraising $0$180,522

Part X · Balance sheet $1,300,690 assets, 7 lines filed

X-2 Savings and temporary cash investmentsStart of year $170,475$144,258

X-10c Land, buildings and equipment, netStart of year $528,396$528,396

X-15 Other assetsStart of year $598,912$628,036

X-16 Total assetsStart of year $1,297,783$1,300,690

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $1,297,783$1,300,690

X-33 Total liabilities and net assetsStart of year $1,297,783$1,300,690

Part XI · Reconciliation of net assets $1,300,690 net assets at year end

XI-1 Total revenue$183,429

XI-2 Total expenses$180,522

XI-3 Revenue less expenses$2,907

XI-4 Net assets at start of year$1,297,783

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$1,300,690

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

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Frances M & E Lester Williams Charitable Trust

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Frances M & E Lester Williams Charitable Trust

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV