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Branstad Reynolds Scholarship Fund

Organization summary

Organization summary might be incomplete or out of date

This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Type of Nonprofit

Designated as a 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: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Summary charts: organization finances over time

Revenue
$0 (2021)

Expenses
$2.04M (2021)

Total Assets
$0 (2021)

Total Liabilities
$0 (2021)

Source: Form 990 tax filings from 2011 to 2021

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.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$0
Expenses
$2,036,774
Net Income
-$2,036,774
Net Assets
$0
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,036,774
100%
Compensation of Officers* $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 $0
Total Liabilities $0
Net Assets $0
Compensation
Key Employees and Officers Compensation Other
Terry Branstad (President/Director) $0 $0
Kim Reynolds (Vice President/Director) $0 $0
Margaret Hough (Secretary/Director) $0 $0
David Roederer (Treasurer/Director) $0 $0
Lyle Simpson (Representative) $0 $0
Robert Buckley (Representative) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$63,230
Expenses
$46,408
Net Income
$16,822
Net Assets
$2,036,773
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $40,416
63.9%
Sales of Assets $22,778
36.0%
Other Income $36
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $30,873
66.5%
Compensation of Officers* $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 $2,036,774
Total Liabilities $1
Net Assets $2,036,773
Compensation
Key Employees and Officers Compensation Other
Terry Branstad (President/Director) $0 $0
Kim Reynolds (Vice President/Director) $0 $0
Margaret Hough (Secretary/Director) $0 $0
David Roederer (Treasurer/Director) $0 $0
Lyle Simpson (Representative) $0 $0
Robert Buckley (Representative) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$53,481
Expenses
$44,183
Net Income
$9,298
Net Assets
$1,827,538
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $44,697
83.6%
Sales of Assets $8,386
15.7%
Other Income $398
0.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $30,626
69.3%
Compensation of Officers* $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 $1,827,539
Total Liabilities $1
Net Assets $1,827,538
Compensation
Key Employees and Officers Compensation Other
Terry Branstad (President/Director) $0 $0
Kim Reynolds (Vice President/Director) $0 $0
Margaret Hough (Secretary/Director) $0 $0
David Roederer (Treasurer/Director) $0 $0
Lyle Simpson (Representative) $0 $0
Robert Buckley (Representative) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$44,575
Expenses
$85,365
Net Income
-$40,790
Net Assets
$1,569,797
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $40,184
90.1%
Sales of Assets $4,360
9.8%
Other Income $31
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $71,518
83.8%
Compensation of Officers* $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 $1,569,797
Total Liabilities $0
Net Assets $1,569,797
Compensation
Key Employees and Officers Compensation Other
Terry Branstad (President/Director) $0 $0
Kim Reynolds (Vice President/Director) $0 $0
Margaret Hough (Secretary/Director) $0 $0
David Roederer (Treasurer/Director) $0 $0
Lyle Simpson (Representative) $0 $0
Robert Buckley (Representative) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$157,221
Expenses
$209,081
Net Income
-$51,860
Net Assets
$1,770,794
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $110,000
70.0%
Interest Revenue $0
Dividends $37,481
23.8%
Sales of Assets $3,930
2.5%
Other Income $5,810
3.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $205,326
98.2%
Compensation of Officers* $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 $1,770,794
Total Liabilities $0
Net Assets $1,770,794
Compensation
Key Employees and Officers Compensation Other
Terry Branstad (President/Director) $0 $0
Kim Reynolds (Vice President/Director) $0 $0
Margaret Hough (Secretary/Director) $0 $0
David Roederer (Treasurer/Director) $0 $0
Lyle Simpson (Representative) $0 $0
Robert Buckley (Representative) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$157,342
Expenses
$174,570
Net Income
-$17,228
Net Assets
$1,626,039
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $53,770
34.2%
Interest Revenue $0
Dividends $33,740
21.4%
Sales of Assets $61,924
39.4%
Other Income $7,908
5.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $174,089
99.7%
Compensation of Officers* $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 $1,626,039
Total Liabilities $0
Net Assets $1,626,039
Compensation
Key Employees and Officers Compensation Other
Terry Branstad (President/Director) $0 $0
Kim Reynolds (Vice President/Director) $0 $0
Margaret Hough (Secretary/Director) $0 $0
David Roederer (Treasurer/Director) $0 $0
Lyle Simpson (Representative) $0 $0
Robert Buckley (Representative) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,168,031
Expenses
$559,019
Net Income
$609,012
Net Assets
$1,655,734
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,128,983
96.7%
Interest Revenue $91
0.0%
Dividends $28,656
2.5%
Sales of Assets $10,301
0.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $25,000
4.5%
Compensation of Officers* $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 $1,655,734
Total Liabilities $0
Net Assets $1,655,734
Compensation
Key Employees and Officers Compensation Other
Terry Branstad (President/Director) $0 $0
Kim Reynolds (Vice President/Director) $0 $0
Margaret Hough (Secretary/Director) $0 $0
David Roederer (Treasurer/Director) $0 $0
Lyle Simpson (Representative) $0 $0
Robert Buckley (Representative) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$425,640
Expenses
$72,053
Net Income
$353,587
Net Assets
$1,142,705
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $394,545
92.7%
Interest Revenue $78
0.0%
Dividends $18,475
4.3%
Sales of Assets $12,542
2.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $27,500
38.2%
Compensation of Officers* $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 $1,142,705
Total Liabilities $0
Net Assets $1,142,705

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$23,999
Expenses
$32,186
Net Income
-$8,187
Net Assets
$787,310
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,010
4.2%
Interest Revenue $103
0.4%
Dividends $8,345
34.8%
Sales of Assets $14,541
60.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $25,000
77.7%
Compensation of Officers* $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 $787,310
Total Liabilities $0
Net Assets $787,310

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$33,710
Expenses
$23,821
Net Income
$9,889
Net Assets
$732,975
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $20,000
59.3%
Interest Revenue $105
0.3%
Dividends $21,152
62.7%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $10,000
42.0%
Compensation of Officers* $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 $732,975
Total Liabilities $0
Net Assets $732,975

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$754,669
Expenses
$403,753
Net Income
$350,916
Net Assets
$665,439
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $743,516
98.5%
Interest Revenue $141
0.0%
Dividends $9,802
1.3%
Sales of Assets $1,210
0.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $399,252
98.9%
Compensation of Officers* $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 $665,439
Total Liabilities $0
Net Assets $665,439

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

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

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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