Max And Helen Guernsey Charitable Foundation

Cedar Falls, IA
Tax-exempt since Feb. 1997
EIN: 42-1460664

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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 Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$1.66M (2024)

Expenses

$2.89M (2024)

Total Assets

$48.2M (2024)

Total Liabilities

$20.1k (2024)

Years with missing data

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

$1,664,539

Expenses

$2,891,503

Net Income

-$1,226,964

Net Assets

$48,143,499

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$692,792	41.6%
Dividends	$595,405	35.8%
Sales of Assets	$366,897	22.0%
Other Income	$9,445	0.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,743,571	94.9%
Compensation of Officers*	$50,500	1.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$48,163,592
Total Liabilities	$20,093
Net Assets	$48,143,499

Compensation

Key Employees and Officers	Compensation	Other
Casey J Reints (Executive Director)	$59,480	$0
Thomas R Paulsen (Finance Committee Chair)	$10,500	$0
Harold B Strever Jr (Admin Committee Chair)	$10,500	$0
Soo Greiman (Trustee)	$10,500	$0
Lois M Johnson (Secretary)	$10,000	$0
Gary Nelson (Trustee Chair)	$9,000	$0

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990-PF

Filed on Dec. 13, 2024

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

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2023

Revenue

$2,292,504

Expenses

$2,160,002

Net Income

$132,502

Net Assets

$45,470,300

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,000	0.2%
Interest Revenue	$359,792	15.7%
Dividends	$640,117	27.9%
Sales of Assets	$814,205	35.5%
Other Income	$473,390	20.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,542,046	71.4%
Compensation of Officers*	$62,000	2.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$45,526,447
Total Liabilities	$56,147
Net Assets	$45,470,300

Compensation

Key Employees and Officers	Compensation	Other
Casey J Reints (Executive Director)	$60,512	$0
Gary Nelson (Trustee Chair)	$13,000	$0
Harold B Strever Jr (Admin Committee Chair)	$13,000	$0
Thomas R Paulsen (Finance Committee Chair)	$12,000	$0
Lois M Johnson (Secretary)	$12,000	$0
Soo Greiman (Trustee)	$12,000	$0

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990-PF

Filed on Dec. 19, 2023

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

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2022

Revenue

$3,244,248

Expenses

$2,675,472

Net Income

$568,776

Net Assets

$42,642,327

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,000	0.2%
Interest Revenue	$97,650	3.0%
Dividends	$726,272	22.4%
Sales of Assets	$935,151	28.8%
Other Income	$1,480,175	45.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,996,713	74.6%
Compensation of Officers*	$52,520	2.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$42,706,607
Total Liabilities	$64,280
Net Assets	$42,642,327

Compensation

Key Employees and Officers	Compensation	Other
Casey J Reints (Executive Director)	$57,630	$0
Thomas R Paulsen (Finance Committee Chair)	$12,020	$0
Gary Nelson (Trustee Chair)	$11,000	$0
Harold B Strever Jr (Admin Committee Chair)	$10,500	$0
Lois M Johnson (Secretary)	$9,500	$0
Soo Greiman (Trustee)	$9,500	$0

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990-PF

Filed on Dec. 1, 2022

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2021

Revenue

$3,241,723

Expenses

$2,179,096

Net Income

$1,062,627

Net Assets

$48,622,303

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,000	0.2%
Interest Revenue	$107,288	3.3%
Dividends	$605,402	18.7%
Sales of Assets	$1,487,674	45.9%
Other Income	$1,036,359	32.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,747,496	80.2%
Compensation of Officers*	$39,000	1.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$48,641,315
Total Liabilities	$19,012
Net Assets	$48,622,303

Compensation

Key Employees and Officers	Compensation	Other
Casey J Reints (Executive Director)	$55,252	$0
Thomas R Paulsen (Finance Committee Chair)	$8,000	$0
Gary Nelson (Trustee Chair)	$8,000	$0
Harold B Strever Jr (Admin Committee Chair)	$8,000	$0
Lois M Johnson (Secretary)	$7,500	$0
Soo Greiman (Trustee)	$7,500	$0

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990-PF

Filed on Dec. 20, 2021

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

View Filing

Schedules ▼

XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

PDF (2 of 2)

Fiscal Year Ending June
2020

Revenue

$2,207,524

Expenses

$2,143,424

Net Income

$64,100

Net Assets

$40,169,463

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,000	0.2%
Interest Revenue	$125,416	5.7%
Dividends	$694,087	31.4%
Sales of Assets	$315,526	14.3%
Other Income	$1,067,495	48.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,594,300	74.4%
Compensation of Officers*	$33,000	1.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$40,179,649
Total Liabilities	$10,186
Net Assets	$40,169,463

Compensation

Key Employees and Officers	Compensation	Other
Gary Nelson (Trustee Chair)	$8,500	$0
Harold B Strever Jr (Admin Committee Chair)	$8,000	$0
Thomas R Paulsen (Finance Committee Chair)	$7,500	$0
Lois M Johnson (Secretary)	$7,000	$0
Soo Greiman (Trustee)	$2,000	$0

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990-PF

Filed on Dec. 21, 2020

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

View Filing

Schedules ▼

XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2019

Revenue

$2,200,123

Expenses

$2,000,754

Net Income

$199,369

Net Assets

$39,681,719

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,000	0.2%
Interest Revenue	$97,106	4.4%
Dividends	$701,230	31.9%
Sales of Assets	$222,269	10.1%
Other Income	$1,174,518	53.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,442,625	72.1%
Compensation of Officers*	$39,000	1.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$39,988,452
Total Liabilities	$306,733
Net Assets	$39,681,719

990-PF

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

PDF

PDF (2 of 2)

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2018

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

990-PF

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

PDF

PDF (2 of 2)

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2017

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

990-PF

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

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2016

Revenue

$1,055,837

Expenses

$1,580,732

Net Income

-$524,895

Net Assets

$17,556,339

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,000	0.5%
Interest Revenue	$94,299	8.9%
Dividends	$325,020	30.8%
Sales of Assets	$291,624	27.6%
Other Income	$274,390	26.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,261,990	79.8%
Compensation of Officers*	$15,000	0.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$17,662,316
Total Liabilities	$105,977
Net Assets	$17,556,339

990-PF

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

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2015

Revenue

$1,075,820

Expenses

$1,452,324

Net Income

-$376,504

Net Assets

$18,734,136

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,000	0.5%
Interest Revenue	$120,903	11.2%
Dividends	$378,879	35.2%
Sales of Assets	$472,508	43.9%
Other Income	$12,442	1.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,214,588	83.6%
Compensation of Officers*	$12,000	0.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$18,763,500
Total Liabilities	$29,364
Net Assets	$18,734,136

990-PF

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

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2014

Revenue

$1,597,099

Expenses

$1,531,839

Net Income

$65,260

Net Assets

$19,734,178

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,000	0.3%
Interest Revenue	$145,979	9.1%
Dividends	$297,610	18.6%
Sales of Assets	$1,049,303	65.7%
Other Income	$10,709	0.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,296,075	84.6%
Compensation of Officers*	$9,000	0.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$19,798,069
Total Liabilities	$63,891
Net Assets	$19,734,178

990-PF

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

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2013

Revenue

$1,046,567

Expenses

$1,322,757

Net Income

-$276,190

Net Assets

$18,720,046

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,000	0.5%
Interest Revenue	$173,146	16.5%
Dividends	$280,419	26.8%
Sales of Assets	$497,048	47.5%
Other Income	$9,599	0.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,098,794	83.1%
Compensation of Officers*	$9,000	0.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$18,825,315
Total Liabilities	$105,269
Net Assets	$18,720,046

990-PF

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

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2012

Revenue

$642,420

Expenses

$1,509,164

Net Income

-$866,744

Net Assets

$18,323,570

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,000	0.8%
Interest Revenue	$234,105	36.4%
Dividends	$348,025	54.2%
Sales of Assets	$0
Other Income	$5,528	0.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,295,924	85.9%
Compensation of Officers*	$7,500	0.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$18,362,713
Total Liabilities	$39,143
Net Assets	$18,323,570

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 August 21, 2025

Max And Helen Guernsey Charitable Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.66M (2024)

Expenses $2.89M (2024)

Total Assets $48.2M (2024)

Total Liabilities $20.1k (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

990-T

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

990-T

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

990-T

Fiscal Year Ending June 2018

No Extracted Financial Data

Document Links

990-PF

990-T

Fiscal Year Ending June 2017

No Extracted Financial Data

Document Links

990-PF

990-T

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

990-T

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

990-T

Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

990-T

Fiscal Year Ending June 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

Revenue

$1.66M (2024)

Expenses

$2.89M (2024)

Total Assets

$48.2M (2024)

Total Liabilities

$20.1k (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