Demco Charitable Foundation

Boyden, IA
Tax-exempt since Jan. 1989
EIN: 42-1322684

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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

$777k (2024)

Expenses

$390k (2024)

Total Assets

$3.23M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2012 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 June
2024

Revenue

$776,939

Expenses

$389,611

Net Income

$387,328

Net Assets

$3,228,416

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$650,000	83.7%
Interest Revenue	$20,179	2.6%
Dividends	$50,364	6.5%
Sales of Assets	$87,226	11.2%
Other Income	-$30,830

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$388,600	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	$3,228,416
Total Liabilities	$0
Net Assets	$3,228,416

Compensation

Key Employees and Officers	Compensation	Other
Robert Koerselman (President)	$0	$0
Kevin Ten Haken (Vp)	$0	$0
James C Koerselman (Secretary)	$0	$0
Janice Vander Pol (Treasurer)	$0	$0

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990-PF

Filed on Nov. 15, 2024

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

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Fiscal Year Ending June
2023

Revenue

$707,103

Expenses

$133,852

Net Income

$573,251

Net Assets

$2,840,581

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$615,000	87.0%
Interest Revenue	$4,839	0.7%
Dividends	$51,311	7.3%
Sales of Assets	$35,953	5.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$130,750	97.7%
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	$2,840,581
Total Liabilities	$0
Net Assets	$2,840,581

Compensation

Key Employees and Officers	Compensation	Other
Robert Koerselman (President)	$0	$0
Kevin Ten Haken (Vp)	$0	$0
James C Koerselman (Secretary)	$0	$0
Janice Vander Pol (Treasurer)	$0	$0

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990-PF

Filed on Jan. 15, 2024

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

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Fiscal Year Ending June
2022

Revenue

$533,853

Expenses

$128,573

Net Income

$405,280

Net Assets

$2,272,759

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$371,134	69.5%
Interest Revenue	$3,095	0.6%
Dividends	$52,935	9.9%
Sales of Assets	$106,666	20.0%
Other Income	$23	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$114,922	89.4%
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	$2,272,759
Total Liabilities	$0
Net Assets	$2,272,759

Compensation

Key Employees and Officers	Compensation	Other
James E Koerselman (President/Treasurer)	$0	$0
Robert Koerselman (Vp/Secretary)	$0	$0

990-PF

Filed on April 4, 2023

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

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Fiscal Year Ending June
2021

Revenue

$86,676

Expenses

$119,280

Net Income

-$32,604

Net Assets

$1,876,484

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$67,500	77.9%
Interest Revenue	$6,950	8.0%
Dividends	$39,430	45.5%
Sales of Assets	$0
Other Income	$213	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$107,325	90.0%
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	$1,876,485
Total Liabilities	$1
Net Assets	$1,876,484

Compensation

Key Employees and Officers	Compensation	Other
James E Koerselman (President/Treasurer)	$0	$0
Robert Koerselman (Vp/Secretary)	$0	$0

990-PF

Filed on Nov. 3, 2021

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

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Fiscal Year Ending June
2020

Revenue

$112,388

Expenses

$108,745

Net Income

$3,643

Net Assets

$1,911,600

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$100,000	89.0%
Interest Revenue	$6,866	6.1%
Dividends	$52,248	46.5%
Sales of Assets	$0
Other Income	$2,779	2.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$98,550	90.6%
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	$1,911,601
Total Liabilities	$1
Net Assets	$1,911,600

Compensation

Key Employees and Officers	Compensation	Other
James E Koerselman (President/Treasurer)	$0	$0
Robert Koerselman (Vp/Secretary)	$0	$0

990-PF

Filed on Nov. 12, 2020

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

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Fiscal Year Ending June
2019

Revenue

$69,011

Expenses

$109,651

Net Income

-$40,640

Net Assets

$1,911,837

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$10,073	14.6%
Dividends	$56,965	82.5%
Sales of Assets	-$4,025
Other Income	$5,998	8.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$92,390	84.3%
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	$1,911,837
Total Liabilities	$0
Net Assets	$1,911,837

Compensation

Key Employees and Officers	Compensation	Other
James E Koerselman (President/Treasurer)	$0	$0
Robert Koerselman (Vp/Secretary)	$0	$0

990-PF

Filed on Nov. 13, 2019

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

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Fiscal Year Ending June
2018

Revenue

$214,412

Expenses

$110,549

Net Income

$103,863

Net Assets

$1,955,124

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$5,126	2.4%
Dividends	$62,629	29.2%
Sales of Assets	$142,033	66.2%
Other Income	$4,624	2.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$100,530	90.9%
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	$1,955,124
Total Liabilities	$0
Net Assets	$1,955,124

Compensation

Key Employees and Officers	Compensation	Other
James E Koerselman (President/Treasurer)	$0	$0
Robert Koerselman (Vp/Secretary)	$0	$0

990-PF

Filed on Oct. 29, 2018

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

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Fiscal Year Ending June
2017

Revenue

$217,554

Expenses

$111,823

Net Income

$105,731

Net Assets

$1,855,103

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$197,000	90.6%
Interest Revenue	$1,010	0.5%
Dividends	$50,559	23.2%
Sales of Assets	-$37,307
Other Income	$6,292	2.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$96,727	86.5%
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	$1,855,103
Total Liabilities	$0
Net Assets	$1,855,103

Compensation

Key Employees and Officers	Compensation	Other
James E Koerselman (President/Treasurer)	$0	$0
Robert Koerselman (Vp/Secretary)	$0	$0

990-PF

Filed on Nov. 14, 2017

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

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Fiscal Year Ending June
2016

Revenue

$93,196

Expenses

$155,077

Net Income

-$61,881

Net Assets

$1,755,341

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$30,000	32.2%
Interest Revenue	$359	0.4%
Dividends	$71,608	76.8%
Sales of Assets	-$11,059
Other Income	$2,288	2.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$139,829	90.2%
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	$1,755,341
Total Liabilities	$0
Net Assets	$1,755,341

Compensation

Key Employees and Officers	Compensation	Other
James E Koerselman (President/Treasurer)	$0	$0
Robert Koerselman (Vp/Secretary)	$0	$0

990-PF

Filed on Nov. 9, 2016

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

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Fiscal Year Ending June
2015

Revenue

$220,675

Expenses

$178,799

Net Income

$41,876

Net Assets

$1,823,331

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$130,000	58.9%
Interest Revenue	$714	0.3%
Dividends	$67,131	30.4%
Sales of Assets	$18,984	8.6%
Other Income	$3,846	1.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$163,755	91.6%
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	$1,823,331
Total Liabilities	$0
Net Assets	$1,823,331

Compensation

Key Employees and Officers	Compensation	Other
James E Koerselman (Pres/Treas)	$0	$0
Robert Koerselman (Vp/Secr)	$0	$0

990-PF

Filed on Nov. 3, 2015

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

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Fiscal Year Ending June
2014

Revenue

$308,520

Expenses

$130,946

Net Income

$177,574

Net Assets

$1,781,850

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$245,200	79.5%
Interest Revenue	$1,314	0.4%
Dividends	$39,454	12.8%
Sales of Assets	$20,689	6.7%
Other Income	$1,863	0.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$117,410	89.7%
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	$1,781,850
Total Liabilities	$0
Net Assets	$1,781,850

Compensation

Key Employees and Officers	Compensation	Other
James E Koerselman (Pres/Treas)	$0	$0
Robert Koerselman (Vp/Secr)	$0	$0

990-PF

Filed on Nov. 13, 2014

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

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Fiscal Year Ending June
2013

Revenue

$267,751

Expenses

$201,134

Net Income

$66,617

Net Assets

$1,604,408

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$219,200	81.9%
Interest Revenue	$3,495	1.3%
Dividends	$39,954	14.9%
Sales of Assets	$1,319	0.5%
Other Income	$3,783	1.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$189,615	94.3%
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	$1,604,409
Total Liabilities	$1
Net Assets	$1,604,408

990-PF

Filed on Jan. 15, 2014

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

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Fiscal Year Ending June
2012

Revenue

$311,359

Expenses

$187,024

Net Income

$124,335

Net Assets

$1,537,851

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$292,000	93.8%
Interest Revenue	$5,723	1.8%
Dividends	$32,507	10.4%
Sales of Assets	$0
Other Income	$2,151	0.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$174,452	93.3%
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	$1,537,852
Total Liabilities	$1
Net Assets	$1,537,851

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Demco Charitable Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $777k (2024)

Expenses $390k (2024)

Total Assets $3.23M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending June 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$777k (2024)

Expenses

$390k (2024)

Total Assets

$3.23M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending June
2024

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

Fiscal Year Ending June
2006

Fiscal Year Ending June
2005

Fiscal Year Ending June
2004

Fiscal Year Ending June
2003

Fiscal Year Ending June
2002