William L & Ethel Gund Memorial Fund

Cherokee, IA
Tax-exempt since Jan. 1965
EIN: 42-6068287

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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

$180k (2025)

Expenses

$80.4k (2025)

Total Assets

$1.43M (2025)

Total Liabilities

$0 (2025)

Source: Form 990 tax filings from 2012 to 2025

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
2025

Revenue

$180,137

Expenses

$80,435

Net Income

$99,702

Net Assets

$1,429,018

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$52,161	29.0%
Dividends	$14,247	7.9%
Sales of Assets	$23,943	13.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$42,538	52.9%
Compensation of Officers*	$48,731	60.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,429,018
Total Liabilities	$0
Net Assets	$1,429,018

Compensation

Key Employees and Officers	Compensation	Other
Cherokee State Bank Trustee (Trustee Dept)	$48,731	$0

990-PF

Filed on Oct. 27, 2025

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

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Fiscal Year Ending June
2024

Revenue

$1,052,904

Expenses

$65,855

Net Income

$987,049

Net Assets

$1,555,431

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$44,135	4.2%
Dividends	$5,976	0.6%
Sales of Assets	$899,726	85.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$36,627	55.6%
Compensation of Officers*	$40,922	62.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,555,431
Total Liabilities	$0
Net Assets	$1,555,431

Compensation

Key Employees and Officers	Compensation	Other
Cherokee State Bank Trustee (Trustee Dept)	$40,922	$0

990-PF

Filed on Oct. 22, 2024

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

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Fiscal Year Ending June
2023

Revenue

$155,939

Expenses

$61,431

Net Income

$94,508

Net Assets

$757,109

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$35,258	22.6%
Dividends	$8,061	5.2%
Sales of Assets	$2,097	1.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$36,586	59.6%
Compensation of Officers*	$41,364	67.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$757,109
Total Liabilities	$0
Net Assets	$757,109

Compensation

Key Employees and Officers	Compensation	Other
Cherokee State Bank Trustee (Trustee Dept)	$41,364	$0

990-PF

Filed on Sept. 25, 2023

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Fiscal Year Ending June
2022

Revenue

$187,552

Expenses

$65,247

Net Income

$122,305

Net Assets

$966,953

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$36,835	19.6%
Dividends	$7,972	4.3%
Sales of Assets	$64,848	34.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$36,215	55.5%
Compensation of Officers*	$41,762	64.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$966,953
Total Liabilities	$0
Net Assets	$966,953

Compensation

Key Employees and Officers	Compensation	Other
Cherokee State Bank Trustee (Trustee Dept)	$41,762	$0

990-PF

Filed on Oct. 25, 2022

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

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Fiscal Year Ending June
2021

Revenue

$144,298

Expenses

$48,872

Net Income

$95,426

Net Assets

$1,027,241

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$32,056	22.2%
Dividends	$6,530	4.5%
Sales of Assets	$18,541	12.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$28,910	59.2%
Compensation of Officers*	$30,467	62.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,027,242
Total Liabilities	$1
Net Assets	$1,027,241

Compensation

Key Employees and Officers	Compensation	Other
Cherokee State Bank Trustee (Trustee Dept)	$30,467	$0

990-PF

Filed on Oct. 22, 2021

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

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Fiscal Year Ending June
2020

Revenue

$181,462

Expenses

$50,446

Net Income

$131,016

Net Assets

$1,024,081

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$44,372	24.5%
Dividends	$10,894	6.0%
Sales of Assets	$38,631	21.3%
Other Income	$5,425	3.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$30,651	60.8%
Compensation of Officers*	$33,436	66.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,024,082
Total Liabilities	$1
Net Assets	$1,024,081

Compensation

Key Employees and Officers	Compensation	Other
Cherokee State Bank Trustee (Trustee Dept)	$33,436	$0

990-PF

Filed on Sept. 18, 2020

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Fiscal Year Ending June
2019

Revenue

$626,043

Expenses

$59,244

Net Income

$566,799

Net Assets

$1,001,318

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$28,863	4.6%
Dividends	$10,998	1.8%
Sales of Assets	$488,482	78.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$28,941	48.9%
Compensation of Officers*	$31,822	53.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,001,318
Total Liabilities	$0
Net Assets	$1,001,318

Compensation

Key Employees and Officers	Compensation	Other
Cherokee State Bank Trustee (Trustee Dept)	$31,822	$0

990-PF

Filed on Sept. 20, 2019

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Fiscal Year Ending June
2018

Revenue

$130,906

Expenses

$49,633

Net Income

$81,273

Net Assets

$570,730

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$15,997	12.2%
Dividends	$11,459	8.8%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$27,822	56.1%
Compensation of Officers*	$29,017	58.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$570,730
Total Liabilities	$0
Net Assets	$570,730

Compensation

Key Employees and Officers	Compensation	Other
Cherokee State Bank Trustee (Trustee Dept)	$29,017	$0

990-PF

Filed on Sept. 4, 2018

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Fiscal Year Ending June
2017

Revenue

$150,976

Expenses

$55,209

Net Income

$95,767

Net Assets

$625,575

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$32,590	21.6%
Dividends	$12,162	8.1%
Sales of Assets	$2,551	1.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$25,718	46.6%
Compensation of Officers*	$27,258	49.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$625,575
Total Liabilities	$0
Net Assets	$625,575

Compensation

Key Employees and Officers	Compensation	Other
Cherokee State Bank Trustee (Trustee Dept)	$27,258	$0

990-PF

Filed on Oct. 3, 2017

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Fiscal Year Ending June
2016

Revenue

$140,727

Expenses

$45,145

Net Income

$95,582

Net Assets

$654,438

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,636	1.9%
Dividends	$35,333	25.1%
Sales of Assets	-$2,042
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$25,964	57.5%
Compensation of Officers*	$26,804	59.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$654,438
Total Liabilities	$0
Net Assets	$654,438

Compensation

Key Employees and Officers	Compensation	Other
Cherokee State Bank Trustee (Trustee Dept)	$26,804	$0

990-PF

Filed on Aug. 25, 2016

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Fiscal Year Ending June
2015

Revenue

$163,257

Expenses

$41,962

Net Income

$121,295

Net Assets

$712,274

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,986	1.8%
Dividends	$42,271	25.9%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$29,523	70.4%
Compensation of Officers*	$25,344	60.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$712,274
Total Liabilities	$0
Net Assets	$712,274

Compensation

Key Employees and Officers	Compensation	Other
Cherokee State Bank Trustee (Trustee Dept)	$25,344	$0

990-PF

Filed on Oct. 15, 2015

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Fiscal Year Ending June
2014

Revenue

$152,731

Expenses

$70,322

Net Income

$82,409

Net Assets

$737,650

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$5,073	3.3%
Dividends	$29,658	19.4%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$28,671	40.8%
Compensation of Officers*	$23,595	33.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$737,650
Total Liabilities	$0
Net Assets	$737,650

Compensation

Key Employees and Officers	Compensation	Other
Cherokee State Bank Trustee (Trustee Dept)	$23,595	$0

990-PF

Filed on Sept. 5, 2014

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

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Fiscal Year Ending June
2013

Revenue

$149,654

Expenses

$61,723

Net Income

$87,931

Net Assets

$905,281

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$6,922	4.6%
Dividends	$33,213	22.2%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$25,662	41.6%
Compensation of Officers*	$22,616	36.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$905,281
Total Liabilities	$0
Net Assets	$905,281

990-PF

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

PDF

Fiscal Year Ending June
2012

Revenue

$120,257

Expenses

$52,056

Net Income

$68,201

Net Assets

$913,265

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$5,490	4.6%
Dividends	$35,267	29.3%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$24,571	47.2%
Compensation of Officers*	$21,513	41.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$913,265
Total Liabilities	$0
Net Assets	$913,265

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Updated March 23, 2026

William L & Ethel Gund Memorial Fund

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $180k (2025)

Expenses $80.4k (2025)

Total Assets $1.43M (2025)

Total Liabilities $0 (2025)

Tax Filings by Year

Fiscal Year Ending June 2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

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

Revenue

$180k (2025)

Expenses

$80.4k (2025)

Total Assets

$1.43M (2025)

Total Liabilities

$0 (2025)

Fiscal Year Ending June
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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2009

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2008

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2002