1988 Irrevocable Cochrane Memorial Trust

Milwaukee, WI
Tax-exempt since June 1989
EIN: 41-6309348

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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.

Donations to this organization are tax deductible.

Revenue

$473k (2024)

Expenses

$759k (2024)

Total Assets

$7.54M (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

$472,836

Expenses

$758,547

Net Income

-$285,711

Net Assets

$7,539,863

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$248,355	52.5%
Sales of Assets	$224,334	47.4%
Other Income	$147	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$637,921	84.1%
Compensation of Officers*	$113,963	15.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,539,863
Total Liabilities	$0
Net Assets	$7,539,863

Compensation

Key Employees and Officers	Compensation	Other
Us Bank Na (Trustee)	$113,963	$0
Kelley A Ellsworth (Co Trustee)	$0	$0
Katherine A Ellsworth (Co Trustee)	$0	$0
Deborah D Ellsworth (Co Trustee)	$0	$0

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990-PF

Filed on May 9, 2025

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

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Fiscal Year Ending Dec.
2023

Revenue

$771,961

Expenses

$725,841

Net Income

$46,120

Net Assets

$7,434,057

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$264,842	34.3%
Sales of Assets	$505,405	65.5%
Other Income	$1,714	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$604,197	83.2%
Compensation of Officers*	$126,722	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	$7,434,057
Total Liabilities	$0
Net Assets	$7,434,057

Compensation

Key Employees and Officers	Compensation	Other
Us Bank Na (Trustee)	$126,722	$0
Kelley A Ellsworth (Co Trustee)	$0	$0
Katherine A Ellsworth (Co Trustee)	$0	$0
Deborah D Ellsworth (Co Trustee)	$0	$0

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990-PF

Filed on May 5, 2024

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

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Fiscal Year Ending Dec.
2022

Revenue

$242,209

Expenses

$803,887

Net Income

-$561,678

Net Assets

$7,784,171

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$242,296	> 100%
Sales of Assets	-$324
Other Income	$237	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$683,355	85.0%
Compensation of Officers*	$118,304	14.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,784,171
Total Liabilities	$0
Net Assets	$7,784,171

Compensation

Key Employees and Officers	Compensation	Other
Us Bank N A (Trustee)	$118,304	$0
Kelley A Ellsworth (Co Trustee)	$0	$0
Katherine A Ellsworth (Co Trustee)	$0	$0
Deborah D Ellsworth (Co Trustee)	$0	$0

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990-PF

Filed on May 8, 2023

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

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Fiscal Year Ending Dec.
2021

Revenue

$843,968

Expenses

$633,510

Net Income

$210,458

Net Assets

$8,350,665

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$288,558	34.2%
Sales of Assets	$555,410	65.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$509,128	80.4%
Compensation of Officers*	$126,032	19.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,350,665
Total Liabilities	$0
Net Assets	$8,350,665

Compensation

Key Employees and Officers	Compensation	Other
Us Bank N A (Co Trustee)	$126,032	$0
Kelley A Ellsworth (Co Trustee)	$0	$0
Katherine A Ellsworth (Co Trustee)	$0	$0
Deborah D Ellsworth (Co Trustee)	$0	$0

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990-PF

Filed on May 10, 2022

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

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XML

Fiscal Year Ending Dec.
2020

Revenue

$303,131

Expenses

$729,472

Net Income

-$426,341

Net Assets

$8,140,208

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$227,444	75.0%
Sales of Assets	$75,687	25.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$621,961	85.3%
Compensation of Officers*	$104,365	14.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,140,209
Total Liabilities	$1
Net Assets	$8,140,208

Compensation

Key Employees and Officers	Compensation	Other
Us Bank N A (Trustee)	$104,365	$0
Mary Mcgahey Dwan (Trustee)	$0	$0

990-PF

Filed on May 12, 2021

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

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XML

Fiscal Year Ending Dec.
2019

Revenue

$725,825

Expenses

$464,321

Net Income

$261,504

Net Assets

$8,567,587

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$212,853	29.3%
Sales of Assets	$512,972	70.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$370,215	79.7%
Compensation of Officers*	$100,993	21.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,567,588
Total Liabilities	$1
Net Assets	$8,567,587

Compensation

Key Employees and Officers	Compensation	Other
Us Bank N A (Trustee)	$100,993	$0
Mary Mcgahey Dwan (Trustee)	$0	$0

990-PF

Filed on July 7, 2020

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

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Fiscal Year Ending Dec.
2018

Revenue

$727,878

Expenses

$889,144

Net Income

-$161,266

Net Assets

$8,311,888

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$238,713	32.8%
Sales of Assets	$489,085	67.2%
Other Income	$80	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$789,012	88.7%
Compensation of Officers*	$104,471	11.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,311,888
Total Liabilities	$0
Net Assets	$8,311,888

Compensation

Key Employees and Officers	Compensation	Other
Us Bank National Assocation (Trustee)	$104,471	$0
Mary Mcgahey Dwan (Trustee)	$0	$0

990-PF

Filed on May 7, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$1,036,513

Expenses

$892,163

Net Income

$144,350

Net Assets

$8,488,393

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$211,384	20.4%
Sales of Assets	$819,944	79.1%
Other Income	$5,185	0.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$797,828	89.4%
Compensation of Officers*	$99,015	11.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,488,393
Total Liabilities	$0
Net Assets	$8,488,393

Compensation

Key Employees and Officers	Compensation	Other
Us Bank National Assocation (Trustee)	$99,015	$0
Mary Mcgahey Dwan (Trustee)	$0	$0

990-PF

Filed on April 28, 2018

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

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Fiscal Year Ending Dec.
2016

Revenue

$799,860

Expenses

$792,652

Net Income

$7,208

Net Assets

$8,345,584

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$189,376	23.7%
Sales of Assets	$604,164	75.5%
Other Income	$6,320	0.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$711,706	89.8%
Compensation of Officers*	$83,403	10.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,345,584
Total Liabilities	$0
Net Assets	$8,345,584

Compensation

Key Employees and Officers	Compensation	Other
Us Bank National Assocation (Trustee)	$83,403	$0
Mary Mcgahey Dwan (Trustee)	$0	$0

990-PF

Filed on May 5, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$1,581,205

Expenses

$803,772

Net Income

$777,433

Net Assets

$8,338,195

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$207,937	13.2%
Sales of Assets	$1,373,268	86.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$711,236	88.5%
Compensation of Officers*	$73,553	9.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,338,195
Total Liabilities	$0
Net Assets	$8,338,195

Compensation

Key Employees and Officers	Compensation	Other
Us Bank National Assocation (Trustee)	$73,553	$0
Mary Mcgahey Dwan (Trustee)	$0	$0

990-PF

Filed on May 11, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$2,199,549

Expenses

$684,934

Net Income

$1,514,615

Net Assets

$7,558,390

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$51	0.0%
Dividends	$301,216	13.7%
Sales of Assets	$1,898,282	86.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$604,085	88.2%
Compensation of Officers*	$37,801	5.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,559,161
Total Liabilities	$771
Net Assets	$7,558,390

Compensation

Key Employees and Officers	Compensation	Other
Us Bank National Assocation (Trustee)	$37,801	$0
Mary Mcgahey Dwan (Trustee)	$0	$0

990-PF

Filed on May 12, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$1,793,815

Expenses

$677,440

Net Income

$1,116,375

Net Assets

$6,046,577

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$13	0.0%
Dividends	$262,544	14.6%
Sales of Assets	$1,529,746	85.3%
Other Income	$1,512	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$622,452	91.9%
Compensation of Officers*	$34,885	5.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,047,348
Total Liabilities	$771
Net Assets	$6,046,577

Compensation

Key Employees and Officers	Compensation	Other
Us Bank National Assocation (Trustee)	$34,885	$0
Mary Mcgahey Dwan (Trustee)	$0	$0

990-PF

Filed on May 1, 2014

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

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Fiscal Year Ending Dec.
2012

Revenue

$953,394

Expenses

$685,497

Net Income

$267,897

Net Assets

$4,930,199

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$245,801	25.8%
Sales of Assets	$707,593	74.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$611,671	89.2%
Compensation of Officers*	$30,980	4.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,930,200
Total Liabilities	$1
Net Assets	$4,930,199

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$1,080,897

Expenses

$663,996

Net Income

$416,901

Net Assets

$4,662,303

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$258,239	23.9%
Sales of Assets	$822,658	76.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$635,826	95.8%
Compensation of Officers*	$26,757	4.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,662,304
Total Liabilities	$1
Net Assets	$4,662,303

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

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Updated March 23, 2026

1988 Irrevocable Cochrane Memorial Trust

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $473k (2024)

Expenses $759k (2024)

Total Assets $7.54M (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

$473k (2024)

Expenses

$759k (2024)

Total Assets

$7.54M (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

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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