Frances M & E Lester Williams Charitable Trust FY2021 filing

Tax-deductible

Marshalltown, IA501(c)(3)EIN 42-1235943Revenue $125K in FY2021

On file with the IRS26 S 1st Ave Ste 302, 50158-5055 · Marshalltown, IATax-exempt since Oct 1984Supporting organization — 509(a)(3)

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Support for sec.501(c)(3) exempt organization

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: 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
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $11K a year · 7% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
11 mo
of spending, in cash
Looks good: 10.8 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.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$125K
Spent
$125K
To programs
94%
Net assets
$1.2M
By yearFY2021–FY2025
Revenue
$125K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$125K
FY2022$133K
FY2023$133K
FY2024$180K
FY2025$183K
Expenses
$125K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$125K
FY2022$126K
FY2023$132K
FY2024$134K
FY2025$181K
Net assets
$1.2M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$1.2M
FY2022$1.3M
FY2023$1.3M
FY2024$1.3M
FY2025$1.3M

From the FY2021 Form 990 (year ending September 2021) · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

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

94 cents of each dollar spent went to programs.

Program services 94% · $118K Management & general 6% · $7K

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 (FY2020); the FY2021 filing did not itemize Part VII
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$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 · $118K · in their own filed words · FY2020
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)

$118Kprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$125K
Ln 12
Other incomeLn 4–11$75K
Investment incomeLn 3$50K
Money outPt IX
$125K
Ln 25
Programscol B$118K
Managementcol C$7K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$112K
Total assetsLn 16$1.2M
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$50K
Other incomeLn 4–11$75K
Gains on assetsLn 7$4K
Total revenueLn 12$125K
Assets in detailPt X, end of year
SavingsLn 2$112K
Cash and savings togetherLn 1–2$112K
Land, buildings, equipmentLn 10c$528K
Other assetsLn 15$604K
Total assetsLn 16$1.2M
LiabilitiesLn 26$0
Net assetsLn 32$1.2M
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
LineStart FY21End FY21
Cash and savingsLn 1–2$113K$112K
Land, buildings, equipmentLn 10c$528K$528K
Total assetsLn 16$1.2M$1.2M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.2M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$118K$118K
Management feesLn 11a$5K$5K
Legal feesLn 11b$2K$2K
Total functional expensesLn 25$125K$118K$7K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $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 Viewing $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 FY2021 990 (6 parts)
Part I · Summary $125,076 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 $46,662$49,948
I-11 Other revenuePrior year $79,247$75,128
I-12 Total revenuePrior year $125,909$125,076
I-13 Grants and similar amounts paidPrior year $118,631$118,081
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 $7,828$7,208
I-18 Total expensesPrior year $126,459$125,289
I-19 Revenue less expensesPrior year −$550−$213
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 $125,076 across 4 lines filed
VIII-3 Investment incomeExcluded from tax $46,379$46,379
VIII-6 Net rental income or lossExcluded from tax $75,128$75,128
VIII-7 Net gain or loss on sales of assetsExcluded from tax $3,569$3,569
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $125,076$125,076
Part IX · Statement of functional expenses $125,289 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $118,081$118,081
IX-11a Management feesManagement $5,281$5,281
IX-11b Legal feesManagement $1,927$1,927
IX-25 Total functional expensesPrograms $118,081 · Management $7,208 · Fundraising $0$125,289
Part X · Balance sheet $1,244,258 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $113,023$112,342
X-10c Land, buildings and equipment, netStart of year $528,396$528,396
X-15 Other assetsStart of year $603,053$603,520
X-16 Total assetsStart of year $1,244,472$1,244,258
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,244,472$1,244,258
X-33 Total liabilities and net assetsStart of year $1,244,472$1,244,258
Part XI · Reconciliation of net assets $1,244,258 net assets at year end
XI-1 Total revenue$125,076
XI-2 Total expenses$125,289
XI-3 Revenue less expenses−$213
XI-4 Net assets at start of year$1,244,472
XI-9 Other changes in net assets−$1
XI-10 Net assets at end of year$1,244,258

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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