Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2006.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
67 cents of each dollar spent went to programs.
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; $24K paid to officers and key staff.
F M Bank Trust’s $24K as Trustee is at the 22nd percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking 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
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| F M Bank Trust | $24,287 | $21,520 | $19,711 | $19,891 | $20,479 | $18,122 |
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 15aNo
Programs and updates
Provides property tax relief for Des Moines County taxpayers.
Questions for Dewey Richard Byar Trust
Your first name shows with your question. Dewey Richard Byar Trust answers here, for everyone.
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Net income from the trust shall be distributed to des moines county, iowa for the express purpose of providing property tax relief to all taxpayers of that county.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $121K | $69K |
| InvestmentsLn 11–13 | $1.8M | $1.9M |
| Total assetsLn 16 | $1.9M | $2.0M |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $1.9M | $2.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $60K | $60K | ||
| Pay of current officers, directors and key staffLn 5 | $24K | $24K | ||
| Accounting feesLn 11c | $690 | $690 | ||
| InsuranceLn 23 | $186 | $186 | ||
| Other expenses (24a–d)Ln 24 | $4K | $4K | ||
| Total functional expensesLn 25 | $88K | $60K | $29K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $121K | $88K | $33K | $2.0M | 990 PDF |
| FY2024 | $110K | $84K | $26K | $1.9M | 990 PDF |
| FY2023 | $77K | $78K | −$647 | $1.9M | 990 PDF |
| FY2022 | $114K | $86K | $28K | $1.9M | 990 PDF |
| FY2021 | $221K | $66K | $155K | $1.9M | 990 PDF |
| FY2020 | $13K | $76K | −$63K | $1.7M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $121,068 revenue, 12 lines filed
Part VI · Governance 1 of 1 board members independent, 4 to look at
Part VIII · Statement of revenue $121,068 across 3 lines filed
Part IX · Statement of functional expenses $88,321 across 5 lines filed
Part X · Balance sheet $1,964,419 assets, 6 lines filed
Part XI · Reconciliation of net assets $1,964,419 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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