Joseph J Sinek Scholarship Trust

Algona, IA
Tax-exempt since July 1983
EIN: 42-6336481

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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

$21.6k (2024)

Expenses

$34.2k (2024)

Total Assets

$828k (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

$21,569

Expenses

$34,238

Net Income

-$12,669

Net Assets

$828,044

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$9	0.0%
Dividends	$26,381	> 100%
Sales of Assets	-$4,821
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$32,947	96.2%
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	$828,044
Total Liabilities	$0
Net Assets	$828,044

Compensation

Key Employees and Officers	Compensation	Other
Iowa State Bank (Trustee)	$0	$0

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

$18,730

Expenses

$39,912

Net Income

-$21,182

Net Assets

$841,007

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4	0.0%
Dividends	$24,921	> 100%
Sales of Assets	-$6,195
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$38,617	96.8%
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	$841,007
Total Liabilities	$0
Net Assets	$841,007

Compensation

Key Employees and Officers	Compensation	Other
Iowa State Bank (Trustee)	$0	$0

990-PF

Filed on May 2, 2024

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

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Fiscal Year Ending Dec.
2022

Revenue

$16,739

Expenses

$23,401

Net Income

-$6,662

Net Assets

$863,180

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2	0.0%
Dividends	$18,172	> 100%
Sales of Assets	-$1,435
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$22,536	96.3%
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	$863,180
Total Liabilities	$0
Net Assets	$863,180

Compensation

Key Employees and Officers	Compensation	Other
Iowa State Bank (Trustee)	$0	$0

990-PF

Filed on Oct. 25, 2023

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

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Fiscal Year Ending Dec.
2021

Revenue

$6,946

Expenses

$25,455

Net Income

-$18,509

Net Assets

$861,930

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$5	0.1%
Dividends	$6,941	99.9%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$21,035	82.6%
Compensation of Officers*	$7,500	29.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$861,930
Total Liabilities	$0
Net Assets	$861,930

Compensation

Key Employees and Officers	Compensation	Other
Iowa State Bank Kristie A Brown (Trustee)	$7,500	$0

990-PF

Filed on May 13, 2022

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

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Fiscal Year Ending Dec.
2020

Revenue

$18,528

Expenses

$65,701

Net Income

-$47,173

Net Assets

$880,438

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$13	0.1%
Dividends	$17,094	92.3%
Sales of Assets	$1,421	7.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$59,425	90.4%
Compensation of Officers*	$11,000	16.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$880,439
Total Liabilities	$1
Net Assets	$880,438

Compensation

Key Employees and Officers	Compensation	Other
Iowa State Bank Kristie A Brown (Trustee)	$11,000	$0

990-PF

Filed on May 10, 2021

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

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Fiscal Year Ending Dec.
2019

Revenue

$26,852

Expenses

$89,224

Net Income

-$62,372

Net Assets

$927,611

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$39	0.1%
Dividends	$26,677	99.3%
Sales of Assets	$136	0.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$82,885	92.9%
Compensation of Officers*	$11,000	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	$927,612
Total Liabilities	$1
Net Assets	$927,611

Compensation

Key Employees and Officers	Compensation	Other
Availa Bank Stephen Baade (Trustee)	$11,000	$0

990-PF

Filed on May 8, 2020

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

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Fiscal Year Ending Dec.
2018

Revenue

$26,385

Expenses

$57,196

Net Income

-$30,811

Net Assets

$989,984

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$23	0.1%
Dividends	$28,434	> 100%
Sales of Assets	-$2,072
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$50,505	88.3%
Compensation of Officers*	$11,000	19.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$989,984
Total Liabilities	$0
Net Assets	$989,984

Compensation

Key Employees and Officers	Compensation	Other
Availa Bank Denise Nielsen (Trustee)	$11,000	$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

$33,865

Expenses

$64,428

Net Income

-$30,563

Net Assets

$1,020,795

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$6,598	19.5%
Dividends	$23,056	68.1%
Sales of Assets	$4,211	12.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$57,190	88.8%
Compensation of Officers*	$11,000	17.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,020,795
Total Liabilities	$0
Net Assets	$1,020,795

Compensation

Key Employees and Officers	Compensation	Other
Availa Bank Denise Nielsen (Trustee)	$11,000	$0

990-PF

Filed on May 15, 2018

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

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Fiscal Year Ending Dec.
2016

Revenue

$39,509

Expenses

$70,247

Net Income

-$30,738

Net Assets

$1,051,358

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$9,261	23.4%
Dividends	$24,939	63.1%
Sales of Assets	$5,309	13.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$62,905	89.5%
Compensation of Officers*	$9,500	13.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,051,358
Total Liabilities	$0
Net Assets	$1,051,358

Compensation

Key Employees and Officers	Compensation	Other
Availa Bank Denise Nielsen (Trustee)	$9,500	$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

$31,560

Expenses

$71,639

Net Income

-$40,079

Net Assets

$1,082,096

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$9,521	30.2%
Dividends	$24,535	77.7%
Sales of Assets	-$2,496
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$63,045	88.0%
Compensation of Officers*	$9,500	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	$1,082,205
Total Liabilities	$109
Net Assets	$1,082,096

Compensation

Key Employees and Officers	Compensation	Other
Carroll County State Bank Denise Nielsen (Trustee)	$9,500	$0

990-PF

Filed on May 2, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$28,007

Expenses

$90,581

Net Income

-$62,574

Net Assets

$1,122,175

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3,510	12.5%
Dividends	$24,638	88.0%
Sales of Assets	-$141
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$82,477	91.1%
Compensation of Officers*	$9,500	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	$1,122,184
Total Liabilities	$9
Net Assets	$1,122,175

Compensation

Key Employees and Officers	Compensation	Other
Carroll County State Bank Denise Nielsen (Trustee)	$9,500	$0

990-PF

Filed on April 23, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$29,396

Expenses

$90,855

Net Income

-$61,459

Net Assets

$1,184,749

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$23	0.1%
Dividends	$28,746	97.8%
Sales of Assets	$627	2.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$80,905	89.0%
Compensation of Officers*	$12,000	13.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,184,749
Total Liabilities	$0
Net Assets	$1,184,749

Compensation

Key Employees and Officers	Compensation	Other
Citizens State Bank Denise Nielsen (Trustee)	$12,000	$0

990-PF

Filed on May 2, 2014

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

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Fiscal Year Ending Dec.
2012

Revenue

$54,830

Expenses

$86,558

Net Income

-$31,728

Net Assets

$1,246,207

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$41	0.1%
Dividends	$44,627	81.4%
Sales of Assets	$10,162	18.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$75,710	87.5%
Compensation of Officers*	$12,500	14.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,246,208
Total Liabilities	$1
Net Assets	$1,246,207

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$63,104

Expenses

$85,459

Net Income

-$22,355

Net Assets

$1,277,935

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$41	0.1%
Dividends	$56,790	90.0%
Sales of Assets	$6,273	9.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$74,435	87.1%
Compensation of Officers*	$12,500	14.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,277,936
Total Liabilities	$1
Net Assets	$1,277,935

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 January 26, 2026

Joseph J Sinek Scholarship Trust

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $21.6k (2024)

Expenses $34.2k (2024)

Total Assets $828k (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

$21.6k (2024)

Expenses

$34.2k (2024)

Total Assets

$828k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

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2023

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2015

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2014

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2013

Fiscal Year Ending Dec.
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2011

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