Louie Dade Memorial Scholarship Tr

Fort Madison, IA
Tax-exempt since Dec. 2009
EIN: 26-6691287

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Scholarships, Student Financial Aid Services, Awards (NTEE)

Donations to this organization are tax deductible.

Revenue

$39k (2024)

Expenses

$23k (2024)

Total Assets

$408k (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$39,017

Expenses

$22,973

Net Income

$16,044

Net Assets

$408,189

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$816	2.1%
Dividends	$10,368	26.6%
Sales of Assets	$27,833	71.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$20,023	87.2%
Compensation of Officers*	$3,826	16.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$408,189
Total Liabilities	$0
Net Assets	$408,189

Compensation

Key Employees and Officers	Compensation	Other
Connection Bank (Trustee)	$3,826	$0

990-PF

Filed on March 28, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2023

Revenue

$20,996

Expenses

$23,597

Net Income

-$2,601

Net Assets

$392,145

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,129	10.1%
Dividends	$8,038	38.3%
Sales of Assets	$10,829	51.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$20,932	88.7%
Compensation of Officers*	$3,516	14.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$392,145
Total Liabilities	$0
Net Assets	$392,145

Compensation

Key Employees and Officers	Compensation	Other
Connection Bank (Trustee)	$3,516	$0

990-PF

Filed on Feb. 20, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

$14,714

Expenses

$26,405

Net Income

-$11,691

Net Assets

$394,746

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$142	1.0%
Dividends	$8,265	56.2%
Sales of Assets	$6,307	42.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$23,007	87.1%
Compensation of Officers*	$4,352	16.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$394,746
Total Liabilities	$0
Net Assets	$394,746

Compensation

Key Employees and Officers	Compensation	Other
Connection Bank (Trustee)	$4,352	$0

990-PF

Filed on Feb. 10, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$36,607

Expenses

$24,801

Net Income

$11,806

Net Assets

$406,437

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$9	0.0%
Dividends	$8,509	23.2%
Sales of Assets	$28,089	76.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$21,488	86.6%
Compensation of Officers*	$4,200	16.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$406,437
Total Liabilities	$0
Net Assets	$406,437

Compensation

Key Employees and Officers	Compensation	Other
Connection Bank (Trustee)	$4,200	$0

990-PF

Filed on April 28, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2020

Revenue

$26,781

Expenses

$25,892

Net Income

$889

Net Assets

$394,630

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$68	0.3%
Dividends	$9,127	34.1%
Sales of Assets	$17,586	65.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$22,888	88.4%
Compensation of Officers*	$4,001	15.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$394,631
Total Liabilities	$1
Net Assets	$394,630

Compensation

Key Employees and Officers	Compensation	Other
Connection Bank (Trustee)	$4,001	$0

990-PF

Filed on April 5, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2019

Revenue

$19,317

Expenses

$21,555

Net Income

-$2,238

Net Assets

$393,741

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$165	0.9%
Dividends	$10,827	56.0%
Sales of Assets	$8,325	43.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$18,848	87.4%
Compensation of Officers*	$3,652	16.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$393,742
Total Liabilities	$1
Net Assets	$393,741

Compensation

Key Employees and Officers	Compensation	Other
Connection Bank (Trustee)	$3,652	$0

990-PF

Filed on Feb. 3, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$23,884

Expenses

$23,936

Net Income

-$52

Net Assets

$395,980

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$208	0.9%
Dividends	$10,756	45.0%
Sales of Assets	$12,920	54.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$21,243	88.7%
Compensation of Officers*	$3,331	13.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$395,980
Total Liabilities	$0
Net Assets	$395,980

Compensation

Key Employees and Officers	Compensation	Other
Connection Bank (Trustee)	$3,331	$0

990-PF

Filed on May 13, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$17,706

Expenses

$24,334

Net Income

-$6,628

Net Assets

$396,032

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$124	0.7%
Dividends	$7,000	39.5%
Sales of Assets	$10,582	59.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$21,790	89.5%
Compensation of Officers*	$3,108	12.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$396,032
Total Liabilities	$0
Net Assets	$396,032

Compensation

Key Employees and Officers	Compensation	Other
Connection Bank (Trustee)	$3,108	$0

990-PF

Filed on May 14, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$25,123

Expenses

$17,240

Net Income

$7,883

Net Assets

$402,660

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,572	10.2%
Dividends	$7,881	31.4%
Sales of Assets	$14,670	58.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$14,820	86.0%
Compensation of Officers*	$3,017	17.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$402,660
Total Liabilities	$0
Net Assets	$402,660

Compensation

Key Employees and Officers	Compensation	Other
Connection Bank (Trustee)	$3,017	$0

990-PF

Filed on March 25, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$59,223

Expenses

$31,546

Net Income

$27,677

Net Assets

$394,777

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$5,436	9.2%
Dividends	$5,390	9.1%
Sales of Assets	$48,397	81.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$27,583	87.4%
Compensation of Officers*	$2,843	9.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$394,777
Total Liabilities	$0
Net Assets	$394,777

Compensation

Key Employees and Officers	Compensation	Other
Fort Madison Bank & Trust (Trustee)	$2,843	$0

990-PF

Filed on March 23, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$35,694

Expenses

$20,280

Net Income

$15,414

Net Assets

$367,100

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$5,563	15.6%
Dividends	$7,367	20.6%
Sales of Assets	$22,764	63.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$15,588	76.9%
Compensation of Officers*	$3,017	14.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$367,100
Total Liabilities	$0
Net Assets	$367,100

Compensation

Key Employees and Officers	Compensation	Other
Lee County Bank & Trust (Former Trust)	$3,017	$0
Fort Madison Bank & Trust (Trustee)	$0	$0

990-PF

Filed on May 7, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$31,957

Expenses

$23,448

Net Income

$8,509

Net Assets

$351,686

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4,165	13.0%
Dividends	$10,752	33.6%
Sales of Assets	$17,040	53.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$19,118	81.5%
Compensation of Officers*	$2,919	12.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$351,686
Total Liabilities	$0
Net Assets	$351,686

Compensation

Key Employees and Officers	Compensation	Other
Lee County Bank Trust (Trustee)	$2,919	$0

990-PF

Filed on June 9, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$33,969

Expenses

$22,863

Net Income

$11,106

Net Assets

$343,176

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$36	0.1%
Dividends	$15,670	46.1%
Sales of Assets	$18,263	53.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$18,984	83.0%
Compensation of Officers*	$2,785	12.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$343,177
Total Liabilities	$1
Net Assets	$343,176

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$15,534

Expenses

$19,443

Net Income

-$3,909

Net Assets

$332,071

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$472	3.0%
Interest Revenue	$5,206	33.5%
Dividends	$9,704	62.5%
Sales of Assets	$152	1.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$15,284	78.6%
Compensation of Officers*	$2,793	14.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$332,071
Total Liabilities	$0
Net Assets	$332,071

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

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Updated March 23, 2026

Louie Dade Memorial Scholarship Tr

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $39k (2024)

Expenses $23k (2024)

Total Assets $408k (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$39k (2024)

Expenses

$23k (2024)

Total Assets

$408k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009