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George Daily Charitable Trust

Tax-deductible

Oskaloosa, IA501(c)(3)EIN 42-1336683Revenue $498K in FY2024

On file with the IRSteammahaska.orgPo Box 808, 52577-0808 · Oskaloosa, IATax-exempt since Mar 1990Supporting organization — 509(a)(3)

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IT is our purpose to utilize the George Daily family Trust resources as follows: a. To develop leadership for the benefit of the community; b. To create initiative for projects to benefit the community.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Run by 10 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $586K a year · 51% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1K
0.01% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$498K
+33% vs prior year
Spent
$251K
To programs
95%
Net assets
$11.8M
By yearFY2020–FY2024
Revenue
$498K
FY2024▲ +33%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.3M
FY2021$1.6M
FY2022−$33K
FY2023$376K
FY2024$498K
Expenses
$251K
FY2024▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$305K
FY2021$1.7M
FY2022$337K
FY2023$260K
FY2024$251K
Net assets
$11.8M
FY2024▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$11.7M
FY2021$11.3M
FY2022$9.3M
FY2023$10.5M
FY2024$11.8M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1990.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $240K Management & general 5% · $12K

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
Joe P Crookham
Co-Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
Randy Degeest
Co-Trustee
$0Pt VII · Sec A
See George Daily 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Develops leaders and creates community benefit projects.

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Provided by the organization

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3 programs · $240K · in their own filed words · FY2024
01

See schedule I for list of grants.

$181Kprogram expense
02

Rent free holding of community sports complex and community sitting garden.

$59Kprogram expense
03

Supported a mahaska community website that is used for community data, events and calendar.

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 · 22 grants · $2.4M · 2020–2024
Friends of the AuditoriumIA · FY2024$157,000
Oskaloosa Police DepartmentFY2024$12,000
Fremont Community FoundationIA · FY2024$6,677
Friends of the AuditoriumIA · FY2023$145,000
City of University ParkFY2023$30,000
Mahaska County Historical SocietyIA · FY2023$15,000
Mahaska Futureview INCIA · FY2022$130,000
Friends of the AuditoriumIA · FY2022$83,886
William Penn UniversityIA · FY2022$18,000
Oskaloosa Police DepartmentFY2022$17,000
Mahaska Futureview INCIA · FY2022$13,000
Mahaska Futureview INCIA · FY2022$10,000
Mahaska County YMCAIA · FY2021$1,500,000
Friends of the AuditoriumIA · FY2021$61,386
William Penn UniversityIA · FY2021$22,500
Love INC of Mahaska CountyIA · FY2021$20,000
City of New SharonFY2021$10,000
Mahaska Futureview INCIA · FY2021$6,000
See all 22 grants →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$498K
Ln 12
Investment incomeLn 3$447K
Gifts and grantsLn 1h$38K
Other incomeLn 4–11$14K
Money outPt IX
$251K
Ln 25
Programscol B$240K
Managementcol C$12K
Owns and owesPt X
$11.8M
net assets · Ln 32
Cash and savingsLn 1–2$15K
Total assetsLn 16$11.8M
LiabilitiesLn 26$1K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$38K
Noncash giftsLn 1g$21K
Investment incomeLn 3$447K
Other incomeLn 4–11$14K
Gains on assetsLn 7$238K
Total revenueLn 12$498K
Assets in detailPt X, end of year
SavingsLn 2$15K
Cash and savings togetherLn 1–2$15K
InvestmentsLn 11–13$8.3M
Land, buildings, equipmentLn 10c$3.5M
Total assetsLn 16$11.8M
LiabilitiesLn 26$1K
Net assetsLn 32$11.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$4K$15K
InvestmentsLn 11–13$7.0M$8.3M
Land, buildings, equipmentLn 10c$3.5M$3.5M
Total assetsLn 16$10.5M$11.8M
LiabilitiesLn 26$1K$1K
Net assetsLn 32$10.5M$11.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$181K$181K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$5K$5K
Office expensesLn 13$2K$2K
InsuranceLn 23$51K$48K$3K
Other expenses (24a–d)Ln 24$11K$11K$236
Total functional expensesLn 25$251K$240K$12K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $498K$251K$247K$11.8M 990 PDF
FY2023 $376K$260K$115K$10.5M 990 PDF
FY2022 −$33K$337K−$370K$9.3M 990 PDF
FY2021 $1.6M$1.7M−$103K$11.3M 990 PDF
FY2020 $3.3M$305K$3.0M$11.7M 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 FY2024 990 (6 parts)
Part I · Summary $498,428 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $34,815$37,813
I-9 Program service revenue$0
I-10 Investment incomePrior year $323,761$447,095
I-11 Other revenuePrior year $16,927$13,520
I-12 Total revenuePrior year $375,503$498,428
I-13 Grants and similar amounts paidPrior year $194,000$180,727
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $66,420$70,761
I-18 Total expensesPrior year $260,420$251,488
I-19 Revenue less expensesPrior year $115,083$246,940
Part VI · Governance 3 of 3 board members independent, 5 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
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
Part VIII · Statement of revenue $498,428 across 7 lines filed
VIII-1f All other contributions, gifts and grants$37,813
VIII-1g Noncash contributions (included above)$20,993
VIII-1h Total contributions, gifts and grants$37,813
VIII-3 Investment incomeExcluded from tax $209,367$209,367
VIII-6 Net rental income or lossExcluded from tax $13,520$13,520
VIII-7 Net gain or loss on sales of assetsExcluded from tax $237,728$237,728
VIII-12 Total revenueExcluded from tax $460,615$498,428
Part IX · Statement of functional expenses $251,488 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $180,727$180,727
IX-11b Legal feesManagement $1,565$1,565
IX-11c Accounting feesManagement $5,240$5,240
IX-13 Office expensesManagement $1,729$1,729
IX-23 InsurancePrograms $48,272 · Management $3,081$51,353
IX-24 Other expenses (24a–d)Programs $10,638 · Management $236$10,874
IX-25 Total functional expensesPrograms $239,637 · Management $11,851 · Fundraising $0$251,488
Part X · Balance sheet $11,786,744 assets, 8 lines filed
X-2 Savings and temporary cash investmentsStart of year $3,932$15,318
X-10c Land, buildings and equipment, netStart of year $3,482,701$3,521,195
X-11 Publicly traded securitiesStart of year $7,039,242$8,250,231
X-16 Total assetsStart of year $10,525,875$11,786,744
X-25 Other liabilitiesStart of year $1,330$1,330
X-26 Total liabilitiesStart of year $1,330$1,330
X-32 Total net assets or fund balancesStart of year $10,524,545$11,785,414
X-33 Total liabilities and net assetsStart of year $10,525,875$11,786,744
Part XI · Reconciliation of net assets $11,785,414 net assets at year end
XI-1 Total revenue$498,428
XI-2 Total expenses$251,488
XI-3 Revenue less expenses$246,940
XI-4 Net assets at start of year$10,524,545
XI-5 Net unrealized gains (losses) on investments$1,013,929
XI-10 Net assets at end of year$11,785,414

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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