Blanche Johnson Trust FY2021 filing

Tax-deductible

Iowa City, IA501(c)(3)Since 2000EducationEIN 42-6613277Revenue $233K in FY2021

On file with the IRSPo Box 1700, 52244-1700 · Iowa City, IATax-exempt since Jun 2013Supporting org, Type III (non-functionally integrated) — 509(a)(3)

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Support william penn university.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$37K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
0 of 6
filings with a surplus
Average deficit $32K a year · 14% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$37K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 9.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1K
0.05% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 1 voting members
Concern: none of 1 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$233K
+10% vs prior year
Spent
$255K
To programs
89%
Net assets
$2.4M
By yearFY2020–FY2025
Revenue
$233K
FY2021▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$212K
FY2021$233K
FY2022$197K
FY2023$221K
FY2024$257K
FY2025$254K
Expenses
$255K
FY2021▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2020$266K
FY2021$255K
FY2022$234K
FY2023$253K
FY2024$282K
FY2025$276K
Net assets
$2.4M
FY2021▼ -0.9%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.4M
FY2021$2.4M
FY2022$2.3M
FY2023$2.3M
FY2024$2.3M
FY2025$2.2M

From the FY2021 Form 990 · see the original

Form 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 Jun 2013.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $226K Management & general 11% · $29K

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

1 person listed on the 990; $37K paid to officers and key staff.

Part VII, Section A · reportable compensation
$37,496Pt VII · Sec A

Midwestone Bank’s $30K as Trustee is at the 23rd percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Midwestone Bank$30,262$39,075$48,189$38,691$37,496$35,797

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Fundraises to support William Penn University's programs and students.

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Provided by the organization

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1 program · $226K · in their own filed words · FY2021
01

Distributed all farm and investment income to william penn university.

$226Kprogram expense

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 · 6 grants · $1.5M · 2020–2025
William Penn UniversityIA · FY2025$265,819
William Penn UniversityIA · FY2024$266,993
William Penn UniversityIA · FY2023$242,484
William Penn UniversityIA · FY2022$222,118
William Penn UniversityIA · FY2021$225,899
William Penn UniversityIA · FY2020$234,945

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$233K
Ln 12
Other incomeLn 4–11$181K
Investment incomeLn 3$52K
Money outPt IX
$255K
Ln 25
Programscol B$226K
Managementcol C$29K
Owns and owesPt X
$2.4M
net assets · Ln 32
Cash and savingsLn 1–2$210K
Total assetsLn 16$2.4M
LiabilitiesLn 26$1K
PeoplePt VI, VII
1
listed · VII A
PaidVII A1
Voting boardVI 1a1
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$52K
Other incomeLn 4–11$181K
Gains on assetsLn 7$31K
Total revenueLn 12$233K
Assets in detailPt X, end of year
SavingsLn 2$210K
Cash and savings togetherLn 1–2$210K
InvestmentsLn 11–13$791K
Land, buildings, equipmentLn 10c$1.4M
Total assetsLn 16$2.4M
LiabilitiesLn 26$1K
Net assetsLn 32$2.4M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$245K$210K
InvestmentsLn 11–13$769K$791K
Land, buildings, equipmentLn 10c$1.4M$1.4M
Total assetsLn 16$2.4M$2.4M
LiabilitiesLn 26$1K$1K
Net assetsLn 32$2.4M$2.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$226K$226K
Pay of current officers, directors and key staffLn 5$641$641
Management feesLn 11a$14K$14K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$7K$7K
Other fees for servicesLn 11g$3K$3K
Total functional expensesLn 25$255K$226K$29K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $254K$276K−$22K$2.2M 990 PDF
FY2024 $257K$282K−$25K$2.3M 990 PDF
FY2023 $221K$253K−$32K$2.3M 990 PDF
FY2022 $197K$234K−$36K$2.3M 990 PDF
FY2021 Viewing $233K$255K−$22K$2.4M 990 PDF
FY2020 $212K$266K−$53K$2.4M 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 $232,977 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $28,392$52,419
I-11 Other revenuePrior year $183,764$180,558
I-12 Total revenuePrior year $212,156$232,977
I-13 Grants and similar amounts paidPrior year $234,945$225,899
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $6,219$641
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $24,440$28,527
I-18 Total expensesPrior year $265,604$255,067
I-19 Revenue less expensesPrior year −$53,448−$22,090
Part VI · Governance 0 of 1 board members independent, no flags
VI-1a Voting members of the governing body1
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $232,977 across 4 lines filed
VIII-3 Investment incomeExcluded from tax $21,559$21,559
VIII-6 Net rental income or lossExcluded from tax $180,558$180,558
VIII-7 Net gain or loss on sales of assetsExcluded from tax $30,860$30,860
VIII-12 Total revenueExcluded from tax $232,977$232,977
Part IX · Statement of functional expenses $255,067 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $225,899$225,899
IX-5 Pay of current officers, directors and key staffManagement $641$641
IX-11a Management feesManagement $14,346$14,346
IX-11b Legal feesManagement $1,679$1,679
IX-11c Accounting feesManagement $1,930$1,930
IX-11f Investment management feesManagement $7,472$7,472
IX-11g Other fees for servicesManagement $3,100$3,100
IX-25 Total functional expensesPrograms $225,899 · Management $29,168 · Fundraising $0$255,067
Part X · Balance sheet $2,356,095 assets, 8 lines filed
X-2 Savings and temporary cash investmentsStart of year $245,290$210,316
X-10c Land, buildings and equipment, netStart of year $1,363,678$1,354,926
X-11 Publicly traded securitiesStart of year $769,217$790,853
X-16 Total assetsStart of year $2,378,185$2,356,095
X-17 Accounts payable and accrued expensesStart of year $1,252$1,252
X-26 Total liabilitiesStart of year $1,252$1,252
X-32 Total net assets or fund balancesStart of year $2,376,933$2,354,843
X-33 Total liabilities and net assetsStart of year $2,378,185$2,356,095
Part XI · Reconciliation of net assets $2,354,843 net assets at year end
XI-1 Total revenue$232,977
XI-2 Total expenses$255,067
XI-3 Revenue less expenses−$22,090
XI-4 Net assets at start of year$2,376,933
XI-10 Net assets at end of year$2,354,843

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

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