William R & Hettie M Gapen Educational Foundation Trust

Beloit, WI
Tax-exempt since Nov. 1975
EIN: 39-6215247

Type of Nonprofit

Designated as a 4947(a)(1) Non-exempt charitable trusts.

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 May
2025

Revenue

$11,175

Expenses

$7,989

Net Income

$3,186

Net Assets

$142,369

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$5,280	47.2%
Sales of Assets	$5,895	52.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,406	92.7%
Compensation of Officers*	$2,400	30.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$142,369
Total Liabilities	$0
Net Assets	$142,369

Compensation

Key Employees and Officers	Compensation	Other
First National Bank And Trust Compa Y (Trustee)	$2,400	$0

990-PF

Filed on Aug. 8, 2025

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

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Fiscal Year Ending May
2024

Revenue

$9,177

Expenses

$12,584

Net Income

-$3,407

Net Assets

$139,184

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$4,343	47.3%
Sales of Assets	$4,834	52.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$12,085	96.0%
Compensation of Officers*	$2,400	19.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$139,184
Total Liabilities	$0
Net Assets	$139,184

Compensation

Key Employees and Officers	Compensation	Other
First National Bank And Trust Compa Y (Trustee)	$2,400	$0

990-PF

Filed on Aug. 7, 2024

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

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Fiscal Year Ending May
2023

Revenue

-$1,607

Expenses

$10,209

Net Income

-$11,816

Net Assets

$142,590

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$3,769
Sales of Assets	-$5,376
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$9,546	93.5%
Compensation of Officers*	$2,400	23.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$142,590
Total Liabilities	$0
Net Assets	$142,590

Compensation

Key Employees and Officers	Compensation	Other
First National Bank And Trust Compa Y (Trustee)	$2,400	$0

990-PF

Filed on Aug. 25, 2023

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

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Fiscal Year Ending May
2022

Revenue

$15,658

Expenses

$7,594

Net Income

$8,064

Net Assets

$154,407

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$3,346	21.4%
Sales of Assets	$12,312	78.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,146	94.1%
Compensation of Officers*	$2,400	31.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$154,407
Total Liabilities	$0
Net Assets	$154,407

Compensation

Key Employees and Officers	Compensation	Other
First National Bank And Trust Compa Ny (Trustee)	$2,400	$0

990-PF

Filed on Aug. 3, 2022

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

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Fiscal Year Ending May
2021

Revenue

$10,100

Expenses

$10,927

Net Income

-$827

Net Assets

$146,342

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$2,844	28.2%
Sales of Assets	$7,256	71.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$10,152	92.9%
Compensation of Officers*	$2,400	22.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$146,343
Total Liabilities	$1
Net Assets	$146,342

Compensation

Key Employees and Officers	Compensation	Other
First National Bank And Trust Compa (Trustee)	$2,400	$0

990-PF

Filed on July 28, 2021

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

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Fiscal Year Ending May
2020

Revenue

$7,408

Expenses

$5,604

Net Income

$1,804

Net Assets

$147,173

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$68	0.9%
Dividends	$3,649	49.3%
Sales of Assets	$3,691	49.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,140	91.7%
Compensation of Officers*	$2,400	42.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$147,174
Total Liabilities	$1
Net Assets	$147,173

Compensation

Key Employees and Officers	Compensation	Other
First National Bank And Trust Compa (Trustee)	$2,400	$0

990-PF

Filed on Oct. 5, 2020

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

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Fiscal Year Ending May
2019

Revenue

$4,601

Expenses

$7,996

Net Income

-$3,395

Net Assets

$145,373

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$200	4.3%
Dividends	$3,775	82.0%
Sales of Assets	$626	13.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,346	91.9%
Compensation of Officers*	$2,800	35.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$145,373
Total Liabilities	$0
Net Assets	$145,373

Compensation

Key Employees and Officers	Compensation	Other
First National Bank And Trust Compa (Trustee)	$2,800	$0

990-PF

Filed on Oct. 5, 2019

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

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Fiscal Year Ending May
2018

Revenue

$7,163

Expenses

$8,363

Net Income

-$1,200

Net Assets

$148,768

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$51	0.7%
Dividends	$3,276	45.7%
Sales of Assets	$3,836	53.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,494	89.6%
Compensation of Officers*	$3,000	35.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$148,768
Total Liabilities	$0
Net Assets	$148,768

Compensation

Key Employees and Officers	Compensation	Other
First National Bank And Trust Compa (Trustee)	$3,000	$0

990-PF

Filed on Oct. 3, 2018

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

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Fiscal Year Ending May
2017

Revenue

$28,345

Expenses

$7,998

Net Income

$20,347

Net Assets

$149,968

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$28	0.1%
Dividends	$2,841	10.0%
Sales of Assets	$25,476	89.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,366	92.1%
Compensation of Officers*	$3,000	37.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$149,968
Total Liabilities	$0
Net Assets	$149,968

Compensation

Key Employees and Officers	Compensation	Other
First National Bank And Trust Compa (Trustee)	$3,000	$0

990-PF

Filed on Oct. 9, 2017

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

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Fiscal Year Ending May
2016

Revenue

$8,228

Expenses

$7,990

Net Income

$238

Net Assets

$129,619

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$7	0.1%
Dividends	$3,025	36.8%
Sales of Assets	$5,196	63.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,242	90.6%
Compensation of Officers*	$3,000	37.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$129,619
Total Liabilities	$0
Net Assets	$129,619

Compensation

Key Employees and Officers	Compensation	Other
First National Bank And Trust Compa Ny (Trustee)	$3,000	$0

990-PF

Filed on Oct. 12, 2016

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

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Fiscal Year Ending May
2015

Revenue

$11,366

Expenses

$8,641

Net Income

$2,725

Net Assets

$129,381

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$3,477	30.6%
Sales of Assets	$7,889	69.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,785	78.5%
Compensation of Officers*	$3,000	34.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$129,381
Total Liabilities	$0
Net Assets	$129,381

Compensation

Key Employees and Officers	Compensation	Other
First National Bank And Trust Compa Ny (Trustee)	$3,000	$0

990-PF

Filed on Oct. 15, 2015

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

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Fiscal Year Ending May
2014

Revenue

$11,903

Expenses

$11,506

Net Income

$397

Net Assets

$126,657

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$2,856	24.0%
Sales of Assets	$9,047	76.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$9,702	84.3%
Compensation of Officers*	$3,000	26.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$126,657
Total Liabilities	$0
Net Assets	$126,657

Compensation

Key Employees and Officers	Compensation	Other
First National Bank Trust (Trustee)	$3,000	$0

990-PF

Filed on Sept. 4, 2014

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

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Fiscal Year Ending May
2013

Revenue

$6,722

Expenses

$7,408

Net Income

-$686

Net Assets

$126,258

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1	0.0%
Dividends	$3,752	55.8%
Sales of Assets	$2,969	44.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,615	75.8%
Compensation of Officers*	$3,000	40.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$126,259
Total Liabilities	$1
Net Assets	$126,258

990-PF

Filed on Jan. 14, 2014

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

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Fiscal Year Ending May
2012

Revenue

$1,649

Expenses

$6,363

Net Income

-$4,714

Net Assets

$126,945

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$3,607	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,585	72.1%
Compensation of Officers*	$3,000	47.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$127,320
Total Liabilities	$375
Net Assets	$126,945

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.

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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.

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William R & Hettie M Gapen Educational Foundation Trust

Organization summary

Type of Nonprofit

Tax Filings by Year

Fiscal Year Ending May 2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

Fiscal Year Ending May
2025

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2024

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2023

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2022

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2021

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2020

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2019

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2018

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2017

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2016

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2015

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2014

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2013

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2012

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2011

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2010

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