Richard Morton & Ruth Bailey Root Charitable Tr Fd

Urbandale, IA
Tax-exempt since Feb. 2004
EIN: 39-6779747

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

Donations to this organization are tax deductible.

Revenue

$437k (2024)

Expenses

$348k (2024)

Total Assets

$3.88M (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

$437,169

Expenses

$348,430

Net Income

$88,739

Net Assets

$3,879,017

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$150,828	34.5%
Sales of Assets	$286,341	65.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$327,270	93.9%
Compensation of Officers*	$30,929	8.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,879,017
Total Liabilities	$0
Net Assets	$3,879,017

Compensation

Key Employees and Officers	Compensation	Other
Iowa State Bank (Trustee)	$30,929	$0

990-PF

Filed on May 13, 2025

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

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Fiscal Year Ending Dec.
2023

Revenue

$400,793

Expenses

$319,982

Net Income

$80,811

Net Assets

$3,790,278

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$157,059	39.2%
Sales of Assets	$243,734	60.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$298,406	93.3%
Compensation of Officers*	$28,696	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	$3,790,278
Total Liabilities	$0
Net Assets	$3,790,278

Compensation

Key Employees and Officers	Compensation	Other
Iowa State Bank (Trustee)	$28,296	$0

990-PF

Filed on May 14, 2024

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

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XML

Fiscal Year Ending Dec.
2022

Revenue

$336,582

Expenses

$391,991

Net Income

-$55,409

Net Assets

$3,709,467

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$142,377	42.3%
Sales of Assets	$194,205	57.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$370,035	94.4%
Compensation of Officers*	$34,165	8.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,709,467
Total Liabilities	$0
Net Assets	$3,709,467

Compensation

Key Employees and Officers	Compensation	Other
Iowa State Bank (Trustee)	$34,165	$0

990-PF

Filed on May 10, 2023

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

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PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$297,560

Expenses

$344,678

Net Income

-$47,118

Net Assets

$3,764,876

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$138,726	46.6%
Sales of Assets	$158,834	53.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$326,372	94.7%
Compensation of Officers*	$30,815	8.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,764,876
Total Liabilities	$0
Net Assets	$3,764,876

Compensation

Key Employees and Officers	Compensation	Other
Iowa State Bank (Trustee)	$30,815	$0

990-PF

Filed on April 4, 2022

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$216,735

Expenses

$323,666

Net Income

-$106,931

Net Assets

$3,811,993

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$146,096	67.4%
Sales of Assets	$70,639	32.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$303,351	93.7%
Compensation of Officers*	$29,057	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	$3,811,994
Total Liabilities	$1
Net Assets	$3,811,993

Compensation

Key Employees and Officers	Compensation	Other
Iowa State Bank (Trustee)	$29,057	$0

990-PF

Filed on May 15, 2021

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

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XML

Fiscal Year Ending Dec.
2019

Revenue

$193,744

Expenses

$289,796

Net Income

-$96,052

Net Assets

$3,918,924

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$155,460	80.2%
Sales of Assets	$38,284	19.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$274,077	94.6%
Compensation of Officers*	$26,273	9.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,918,925
Total Liabilities	$1
Net Assets	$3,918,924

Compensation

Key Employees and Officers	Compensation	Other
Iowa State Bank (Trustee)	$26,273	$0

990-PF

Filed on May 12, 2020

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

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Fiscal Year Ending Dec.
2018

Revenue

$235,071

Expenses

$312,927

Net Income

-$77,856

Net Assets

$4,014,977

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$161,628	68.8%
Sales of Assets	$73,443	31.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$294,865	94.2%
Compensation of Officers*	$28,112	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	$4,014,977
Total Liabilities	$0
Net Assets	$4,014,977

Compensation

Key Employees and Officers	Compensation	Other
Iowa State Bank (Trustee)	$28,112	$0

990-PF

Filed on May 14, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$285,208

Expenses

$298,293

Net Income

-$13,085

Net Assets

$4,092,833

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$541	0.2%
Dividends	$154,852	54.3%
Sales of Assets	$129,325	45.3%
Other Income	$490	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$284,104	95.2%
Compensation of Officers*	$26,808	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	$4,092,833
Total Liabilities	$0
Net Assets	$4,092,833

Compensation

Key Employees and Officers	Compensation	Other
Iowa State Bank (Trustee)	$26,808	$0

990-PF

Filed on May 10, 2018

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

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Fiscal Year Ending Dec.
2016

Revenue

$235,900

Expenses

$304,246

Net Income

-$68,346

Net Assets

$4,105,918

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$104	0.0%
Dividends	$157,730	66.9%
Sales of Assets	$78,066	33.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$283,723	93.3%
Compensation of Officers*	$26,517	8.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,105,918
Total Liabilities	$0
Net Assets	$4,105,918

Compensation

Key Employees and Officers	Compensation	Other
Iowa State Bank (Trustee)	$26,517	$0

990-PF

Filed on May 12, 2017

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$510,086

Expenses

$301,176

Net Income

$208,910

Net Assets

$4,174,264

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$12	0.0%
Dividends	$159,587	31.3%
Sales of Assets	$350,487	68.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$284,357	94.4%
Compensation of Officers*	$27,506	9.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,174,264
Total Liabilities	$0
Net Assets	$4,174,264

Compensation

Key Employees and Officers	Compensation	Other
Iowa State Bank (Trustee)	$27,506	$0

990-PF

Filed on May 13, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$337,660

Expenses

$294,179

Net Income

$43,481

Net Assets

$3,965,354

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$817	0.2%
Dividends	$151,970	45.0%
Sales of Assets	$184,873	54.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$272,966	92.8%
Compensation of Officers*	$23,862	8.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,965,354
Total Liabilities	$0
Net Assets	$3,965,354

Compensation

Key Employees and Officers	Compensation	Other
Iowa State Bank (Trustee)	$23,862	$0

990-PF

Filed on March 16, 2015

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$221,774

Expenses

$266,458

Net Income

-$44,684

Net Assets

$3,921,873

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$816	0.4%
Dividends	$155,177	70.0%
Sales of Assets	$65,781	29.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$252,125	94.6%
Compensation of Officers*	$21,486	8.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,921,873
Total Liabilities	$0
Net Assets	$3,921,873

Compensation

Key Employees and Officers	Compensation	Other
Iowa State Bank (Trustee)	$21,486	$0

990-PF

Filed on April 3, 2014

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$207,648

Expenses

$263,341

Net Income

-$55,693

Net Assets

$3,966,557

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$12	0.0%
Dividends	$139,309	67.1%
Sales of Assets	$67,157	32.3%
Other Income	$1,170	0.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$245,200	93.1%
Compensation of Officers*	$20,029	7.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,966,557
Total Liabilities	$0
Net Assets	$3,966,557

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$89,498

Expenses

$269,109

Net Income

-$179,611

Net Assets

$4,022,250

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$20	0.0%
Dividends	$136,031	> 100%
Sales of Assets	$0
Other Income	$64	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$245,200	91.1%
Compensation of Officers*	$20,915	7.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,022,250
Total Liabilities	$0
Net Assets	$4,022,250

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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Updated March 23, 2026

Richard Morton & Ruth Bailey Root Charitable Tr Fd

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $437k (2024)

Expenses $348k (2024)

Total Assets $3.88M (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

$437k (2024)

Expenses

$348k (2024)

Total Assets

$3.88M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
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

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.
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Fiscal Year Ending Dec.
2009

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2004