Lester Prehn Trust

Norwalk, IA
EIN: 42-6360957

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Type of Nonprofit

Designated as a 4947(a)(1) Non-exempt charitable trusts.

Revenue

$3.95k (2024)

Expenses

$3.3k (2024)

Total Assets

$54k (2024)

Total Liabilities

$0 (2024)

Years with missing data

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

$3,948

Expenses

$3,300

Net Income

$648

Net Assets

$53,977

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,898	48.1%
Sales of Assets	$1,250	31.7%
Other Income	$800	20.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,471	74.9%
Compensation of Officers*	$550	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	$53,977
Total Liabilities	$0
Net Assets	$53,977

Compensation

Key Employees and Officers	Compensation	Other
City State Bank (Trustee)	$550	$0

990-PF

Filed on June 23, 2025

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$1,329

Expenses

$1,632

Net Income

-$303

Net Assets

$53,329

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,703	> 100%
Sales of Assets	-$374
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$509	31.2%
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	$54,129
Total Liabilities	$800
Net Assets	$53,329

Compensation

Key Employees and Officers	Compensation	Other
City State Bank (Trustee)	$561	$0

990-PF

Filed on Oct. 29, 2024

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$1,496

Expenses

$2,083

Net Income

-$587

Net Assets

$50,143

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,677	> 100%
Sales of Assets	-$181
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,331	> 100%
Compensation of Officers*	$561	26.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$51,443
Total Liabilities	$1,300
Net Assets	$50,143

Compensation

Key Employees and Officers	Compensation	Other
City State Bank (Trustee)	$561	$0

990-PF

Filed on April 25, 2023

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$5,153

Expenses

$3,460

Net Income

$1,693

Net Assets

$58,826

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$2,191	42.5%
Sales of Assets	$2,962	57.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,896	83.7%
Compensation of Officers*	$591	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	$61,176
Total Liabilities	$2,350
Net Assets	$58,826

Compensation

Key Employees and Officers	Compensation	Other
City State Bank (Trustee)	$591	$0

990-PF

Filed on April 5, 2022

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$1,567

Expenses

$3,836

Net Income

-$2,269

Net Assets

$57,362

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2	0.1%
Dividends	$1,897	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,273	85.3%
Compensation of Officers*	$545	14.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$57,363
Total Liabilities	$1
Net Assets	$57,362

Compensation

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

990-PF

Filed on Feb. 9, 2021

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$2,554

Expenses

$3,015

Net Income

-$461

Net Assets

$56,388

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$2,551	99.9%
Sales of Assets	$3	0.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,474	82.1%
Compensation of Officers*	$547	18.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$57,238
Total Liabilities	$850
Net Assets	$56,388

Compensation

Key Employees and Officers	Compensation	Other
City State Bank (Trustee)	$547	$0

990-PF

Filed on Feb. 27, 2020

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

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PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$2,295

Expenses

$3,526

Net Income

-$1,231

Net Assets

$52,545

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$2,392	> 100%
Sales of Assets	-$97
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,956	83.8%
Compensation of Officers*	$591	16.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$54,095
Total Liabilities	$1,550
Net Assets	$52,545

Compensation

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

990-PF

Filed on April 15, 2019

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$2,438

Expenses

$3,522

Net Income

-$1,084

Net Assets

$57,547

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$2,352	96.5%
Sales of Assets	$86	3.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,983	84.7%
Compensation of Officers*	$579	16.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$57,547
Total Liabilities	$0
Net Assets	$57,547

Compensation

Key Employees and Officers	Compensation	Other
City State Bank (Trustee)	$579	$0

990-PF

Filed on Feb. 16, 2017

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

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XML

Fiscal Year Ending Dec.
2015

Revenue

$4,837

Expenses

$3,594

Net Income

$1,243

Net Assets

$57,152

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,857	38.4%
Sales of Assets	$2,980	61.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,037	84.5%
Compensation of Officers*	$614	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	$57,152
Total Liabilities	$0
Net Assets	$57,152

Compensation

Key Employees and Officers	Compensation	Other
City State Bank (Trustee)	$614	$0

990-PF

Filed on March 11, 2016

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

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Schedules ▼

PDF XML

PDF (2 of 3) PDF (3 of 3)

Fiscal Year Ending Dec.
2014

Revenue

$4,576

Expenses

$3,526

Net Income

$1,050

Net Assets

$61,617

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3	0.1%
Dividends	$1,371	30.0%
Sales of Assets	$3,202	70.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,963	84.0%
Compensation of Officers*	$626	17.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$61,617
Total Liabilities	$0
Net Assets	$61,617

Compensation

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

990-PF

Filed on Feb. 18, 2015

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$2,404

Expenses

$3,510

Net Income

-$1,106

Net Assets

$61,732

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2	0.1%
Dividends	$1,402	58.3%
Sales of Assets	$1,000	41.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,955	84.2%
Compensation of Officers*	$610	17.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$61,732
Total Liabilities	$0
Net Assets	$61,732

Compensation

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

990-PF

Filed on Feb. 28, 2014

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$2,399

Expenses

$3,492

Net Income

-$1,093

Net Assets

$59,305

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1	0.0%
Dividends	$1,934	80.6%
Sales of Assets	$464	19.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,946	84.4%
Compensation of Officers*	$592	17.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$59,306
Total Liabilities	$1
Net Assets	$59,305

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$3,061

Expenses

$3,533

Net Income

-$472

Net Assets

$57,473

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1	0.0%
Dividends	$1,341	43.8%
Sales of Assets	$1,719	56.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,967	84.0%
Compensation of Officers*	$608	17.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$57,474
Total Liabilities	$1
Net Assets	$57,473

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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Types of Nonprofits

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Updated March 23, 2026

Lester Prehn Trust

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $3.95k (2024)

Expenses $3.3k (2024)

Total Assets $54k (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. 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

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$3.95k (2024)

Expenses

$3.3k (2024)

Total Assets

$54k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

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2023

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2022

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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.
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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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