William Morrison Trust

Webster City, IA
Tax-exempt since Dec. 1971
EIN: 42-6143759

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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

$22.7k (2024)

Expenses

$28k (2024)

Total Assets

$416k (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

$22,728

Expenses

$28,026

Net Income

-$5,298

Net Assets

$415,893

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$510	2.2%
Dividends	$21,389	94.1%
Sales of Assets	$829	3.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$23,000	82.1%
Compensation of Officers*	$3,875	13.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$415,893
Total Liabilities	$0
Net Assets	$415,893

Compensation

Key Employees and Officers	Compensation	Other
First State Bank (Trustee)	$3,875	$0

990-PF

Filed on March 11, 2025

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

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Fiscal Year Ending Dec.
2023

Revenue

$21,969

Expenses

$28,846

Net Income

-$6,877

Net Assets

$419,650

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$269	1.2%
Dividends	$21,625	98.4%
Sales of Assets	$75	0.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$24,000	83.2%
Compensation of Officers*	$3,750	13.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$419,650
Total Liabilities	$0
Net Assets	$419,650

Compensation

Key Employees and Officers	Compensation	Other
First State Bank (Trustee)	$3,750	$0

990-PF

Filed on March 20, 2024

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

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Fiscal Year Ending Dec.
2022

Revenue

$17,955

Expenses

$29,232

Net Income

-$11,277

Net Assets

$425,750

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$157	0.9%
Dividends	$17,577	97.9%
Sales of Assets	$221	1.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$24,000	82.1%
Compensation of Officers*	$4,100	14.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$425,750
Total Liabilities	$0
Net Assets	$425,750

Compensation

Key Employees and Officers	Compensation	Other
First State Bank (Trustee)	$4,100	$0

990-PF

Filed on May 15, 2023

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

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Fiscal Year Ending Dec.
2021

Revenue

$20,112

Expenses

$29,126

Net Income

-$9,014

Net Assets

$437,462

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$44	0.2%
Dividends	$16,490	82.0%
Sales of Assets	$3,578	17.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$24,000	82.4%
Compensation of Officers*	$4,000	13.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$437,462
Total Liabilities	$0
Net Assets	$437,462

Compensation

Key Employees and Officers	Compensation	Other
First State Bank (Trustee)	$4,000	$0

990-PF

Filed on May 3, 2022

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

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XML

Fiscal Year Ending Dec.
2020

Revenue

$18,434

Expenses

$28,651

Net Income

-$10,217

Net Assets

$445,499

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$86	0.5%
Dividends	$19,505	> 100%
Sales of Assets	$0
Other Income	$100	0.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$24,236	84.6%
Compensation of Officers*	$3,800	13.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$445,500
Total Liabilities	$1
Net Assets	$445,499

Compensation

Key Employees and Officers	Compensation	Other
First State Bank (Trustee)	$3,800	$0

990-PF

Filed on April 22, 2021

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

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XML

Fiscal Year Ending Dec.
2019

Revenue

$18,543

Expenses

$28,315

Net Income

-$9,772

Net Assets

$455,334

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$79	0.4%
Dividends	$21,193	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$24,019	84.8%
Compensation of Officers*	$3,700	13.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$455,335
Total Liabilities	$1
Net Assets	$455,334

Compensation

Key Employees and Officers	Compensation	Other
First State Bank (Trustee)	$3,700	$0

990-PF

Filed on May 1, 2020

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

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Fiscal Year Ending Dec.
2018

Revenue

$21,155

Expenses

$30,089

Net Income

-$8,934

Net Assets

$464,803

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$152	0.7%
Dividends	$21,247	> 100%
Sales of Assets	-$244
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$25,000	83.1%
Compensation of Officers*	$4,000	13.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$464,803
Total Liabilities	$0
Net Assets	$464,803

Compensation

Key Employees and Officers	Compensation	Other
First State Bank (Trustee)	$4,000	$0

990-PF

Filed on July 10, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$25,167

Expenses

$29,336

Net Income

-$4,169

Net Assets

$473,228

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$93	0.4%
Dividends	$22,916	91.1%
Sales of Assets	$2,158	8.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$24,250	82.7%
Compensation of Officers*	$3,900	13.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$473,228
Total Liabilities	$0
Net Assets	$473,228

Compensation

Key Employees and Officers	Compensation	Other
First State Bank (Trustee)	$3,900	$0

990-PF

Filed on May 7, 2018

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

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Fiscal Year Ending Dec.
2016

Revenue

$22,575

Expenses

$24,883

Net Income

-$2,308

Net Assets

$477,606

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$235	1.0%
Dividends	$22,390	99.2%
Sales of Assets	-$50
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$20,500	82.4%
Compensation of Officers*	$3,800	15.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$477,606
Total Liabilities	$0
Net Assets	$477,606

Compensation

Key Employees and Officers	Compensation	Other
First State Bank (Trustee)	$3,800	$0

990-PF

Filed on May 9, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$21,467

Expenses

$37,362

Net Income

-$15,895

Net Assets

$479,931

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$384	1.8%
Dividends	$22,198	> 100%
Sales of Assets	-$1,115
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$31,104	83.3%
Compensation of Officers*	$4,100	11.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$479,931
Total Liabilities	$0
Net Assets	$479,931

Compensation

Key Employees and Officers	Compensation	Other
First State Bank (Trustee)	$4,100	$0

990-PF

Filed on May 6, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$23,287

Expenses

$32,441

Net Income

-$9,154

Net Assets

$494,740

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$520	2.2%
Dividends	$22,428	96.3%
Sales of Assets	$339	1.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$26,100	80.5%
Compensation of Officers*	$4,000	12.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$494,740
Total Liabilities	$0
Net Assets	$494,740

Compensation

Key Employees and Officers	Compensation	Other
First State Bank (Trustee)	$4,000	$0

990-PF

Filed on May 14, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$22,874

Expenses

$31,298

Net Income

-$8,424

Net Assets

$502,441

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$864	3.8%
Dividends	$22,192	97.0%
Sales of Assets	-$455
Other Income	$273	1.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$26,500	84.7%
Compensation of Officers*	$4,000	12.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$502,441
Total Liabilities	$0
Net Assets	$502,441

Compensation

Key Employees and Officers	Compensation	Other
First State Bank (Trustee)	$4,000	$0

990-PF

Filed on June 30, 2014

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

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Fiscal Year Ending Dec.
2012

Revenue

$23,832

Expenses

$33,308

Net Income

-$9,476

Net Assets

$510,825

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,170	4.9%
Dividends	$23,331	97.9%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$26,700	80.2%
Compensation of Officers*	$4,000	12.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$510,826
Total Liabilities	$1
Net Assets	$510,825

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$15,205

Expenses

$27,024

Net Income

-$11,819

Net Assets

$520,288

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4,272	28.1%
Dividends	$20,592	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$21,100	78.1%
Compensation of Officers*	$4,000	14.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$520,289
Total Liabilities	$1
Net Assets	$520,288

990-PF

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

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

PDF

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

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William Morrison Trust

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $22.7k (2024)

Expenses $28k (2024)

Total Assets $416k (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

$22.7k (2024)

Expenses

$28k (2024)

Total Assets

$416k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

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2022

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2021

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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.
2010

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