Brummer Stiles Duncan Scholarship Fund

Cherokee, IA
Tax-exempt since Dec. 1986
EIN: 42-6371803

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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

$765k (2024)

Expenses

$509k (2024)

Total Assets

$8.72M (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 Sept.
2024

Revenue

$764,605

Expenses

$509,488

Net Income

$255,117

Net Assets

$8,724,268

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$58,822	7.7%
Dividends	$57,268	7.5%
Sales of Assets	$454,962	59.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$471,360	92.5%
Compensation of Officers*	$62,544	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	$8,724,268
Total Liabilities	$0
Net Assets	$8,724,268

Compensation

Key Employees and Officers	Compensation	Other
Cherokee State Bank (Trustee)	$62,544	$0

990-PF

Filed on Jan. 30, 2025

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

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Fiscal Year Ending Sept.
2023

Revenue

$255,521

Expenses

$602,469

Net Income

-$346,948

Net Assets

$8,469,151

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$28,646	11.2%
Dividends	$58,256	22.8%
Sales of Assets	-$20,755
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$565,074	93.8%
Compensation of Officers*	$61,280	10.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,494,588
Total Liabilities	$25,437
Net Assets	$8,469,151

Compensation

Key Employees and Officers	Compensation	Other
Cherokee State Bank (Trustee)	$61,280	$0

990-PF

Filed on Feb. 9, 2024

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

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Fiscal Year Ending Sept.
2022

Revenue

$354,211

Expenses

$516,301

Net Income

-$162,090

Net Assets

$8,816,099

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$20,960	5.9%
Dividends	$50,645	14.3%
Sales of Assets	$92,376	26.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$470,808	91.2%
Compensation of Officers*	$62,732	12.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,816,099
Total Liabilities	$0
Net Assets	$8,816,099

Compensation

Key Employees and Officers	Compensation	Other
Cherokee State Bank (Trustee)	$62,732	$0

990-PF

Filed on Jan. 19, 2023

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

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Fiscal Year Ending Sept.
2021

Revenue

$518,042

Expenses

$442,109

Net Income

$75,933

Net Assets

$8,978,189

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$26,845	5.2%
Dividends	$42,330	8.2%
Sales of Assets	$283,067	54.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$401,846	90.9%
Compensation of Officers*	$49,904	11.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,978,189
Total Liabilities	$0
Net Assets	$8,978,189

Compensation

Key Employees and Officers	Compensation	Other
Cherokee State Bank (Trustee)	$49,904	$0

990-PF

Filed on Jan. 11, 2022

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

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XML

Fiscal Year Ending Sept.
2020

Revenue

$235,286

Expenses

$475,557

Net Income

-$240,271

Net Assets

$8,902,255

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,424	0.6%
Interest Revenue	$28,464	12.1%
Dividends	$57,428	24.4%
Sales of Assets	$0
Other Income	$3,397	1.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$437,457	92.0%
Compensation of Officers*	$51,952	10.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,902,256
Total Liabilities	$1
Net Assets	$8,902,255

Compensation

Key Employees and Officers	Compensation	Other
Cherokee State Bank (Trustee)	$51,952	$0

990-PF

Filed on April 26, 2021

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

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Fiscal Year Ending Sept.
2019

Revenue

$347,988

Expenses

$442,010

Net Income

-$94,022

Net Assets

$9,142,526

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$57,467	16.5%
Dividends	$35,013	10.1%
Sales of Assets	$118,991	34.2%
Other Income	$1,256	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$396,338	89.7%
Compensation of Officers*	$29,625	6.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$9,142,527
Total Liabilities	$1
Net Assets	$9,142,526

Compensation

Key Employees and Officers	Compensation	Other
Cherokee State Bank (Trustee)	$29,625	$0

990-PF

Filed on May 13, 2020

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

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Fiscal Year Ending Sept.
2018

Revenue

$2,334,504

Expenses

$333,198

Net Income

$2,001,306

Net Assets

$9,236,549

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,728,204	74.0%
Interest Revenue	$22,150	0.9%
Dividends	$9,241	0.4%
Sales of Assets	$26,099	1.1%
Other Income	-$1,190

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$318,857	95.7%
Compensation of Officers*	$4,320	1.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$9,236,549
Total Liabilities	$0
Net Assets	$9,236,549

Compensation

Key Employees and Officers	Compensation	Other
Cherokee State Bank (Trustee)	$4,320	$0

990-PF

Filed on April 17, 2019

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

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Fiscal Year Ending Sept.
2017

Revenue

$7,095,947

Expenses

$9,099

Net Income

$7,086,848

Net Assets

$7,235,243

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$7,092,000	99.9%
Interest Revenue	$622	0.0%
Dividends	$3,124	0.0%
Sales of Assets	$201	0.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,808	85.8%
Compensation of Officers*	$5,188	57.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,235,243
Total Liabilities	$0
Net Assets	$7,235,243

Compensation

Key Employees and Officers	Compensation	Other
Cherokee State Bank (Trustee)	$5,188	$0

990-PF

Filed on Nov. 21, 2017

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

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Fiscal Year Ending Sept.
2016

Revenue

$1,610

Expenses

$13,573

Net Income

-$11,963

Net Assets

$148,395

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$234	14.5%
Dividends	$3,486	> 100%
Sales of Assets	-$2,110
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$12,634	93.1%
Compensation of Officers*	$1,250	9.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$148,395
Total Liabilities	$0
Net Assets	$148,395

Compensation

Key Employees and Officers	Compensation	Other
Cherokee State Bank (Trustee)	$1,250	$0

990-PF

Filed on Dec. 9, 2016

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

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Fiscal Year Ending Sept.
2015

Revenue

$4,363

Expenses

$14,354

Net Income

-$9,991

Net Assets

$160,358

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$234	5.4%
Dividends	$4,129	94.6%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$12,212	85.1%
Compensation of Officers*	$1,000	7.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$160,358
Total Liabilities	$0
Net Assets	$160,358

990-PF

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

PDF

Fiscal Year Ending Sept.
2014

Revenue

$4,489

Expenses

$5,220

Net Income

-$731

Net Assets

$170,349

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$508	11.3%
Dividends	$3,981	88.7%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,280	82.0%
Compensation of Officers*	$1,000	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	$170,349
Total Liabilities	$0
Net Assets	$170,349

Compensation

Key Employees and Officers	Compensation	Other
Cherokee State Bank (Trustee)	$1,000	$0

990-PF

Filed on Jan. 6, 2015

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

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Fiscal Year Ending Sept.
2013

Revenue

$5,066

Expenses

$5,161

Net Income

-$95

Net Assets

$171,078

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,776	54.8%
Dividends	$2,290	45.2%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,893	75.4%
Compensation of Officers*	$1,500	29.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$171,078
Total Liabilities	$0
Net Assets	$171,078

990-PF

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

PDF

Fiscal Year Ending Sept.
2012

Revenue

$5,356

Expenses

$4,158

Net Income

$1,198

Net Assets

$171,173

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3,014	56.3%
Dividends	$2,342	43.7%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,893	69.6%
Compensation of Officers*	$1,500	36.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$171,173
Total Liabilities	$0
Net Assets	$171,173

990-PF

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

PDF

Fiscal Year Ending Sept.
2011

Revenue

$5,189

Expenses

$5,196

Net Income

-$7

Net Assets

$169,975

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,933	56.5%
Dividends	$2,256	43.5%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,893	74.9%
Compensation of Officers*	$1,500	28.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$169,975
Total Liabilities	$0
Net Assets	$169,975

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Updated January 26, 2026

Brummer Stiles Duncan Scholarship Fund

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $765k (2024)

Expenses $509k (2024)

Total Assets $8.72M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Sept. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Sept. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Sept. 2012

Revenue

$765k (2024)

Expenses

$509k (2024)

Total Assets

$8.72M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Sept.
2024

Fiscal Year Ending Sept.
2023

Fiscal Year Ending Sept.
2022

Fiscal Year Ending Sept.
2021

Fiscal Year Ending Sept.
2020

Fiscal Year Ending Sept.
2019

Fiscal Year Ending Sept.
2018

Fiscal Year Ending Sept.
2017

Fiscal Year Ending Sept.
2016

Fiscal Year Ending Sept.
2015

Fiscal Year Ending Sept.
2014

Fiscal Year Ending Sept.
2013

Fiscal Year Ending Sept.
2012

Fiscal Year Ending Sept.
2011

Fiscal Year Ending Sept.
2010

Fiscal Year Ending Sept.
2009

Fiscal Year Ending Sept.
2008

Fiscal Year Ending Sept.
2007

Fiscal Year Ending Sept.
2006

Fiscal Year Ending Sept.
2005

Fiscal Year Ending Sept.
2004

Fiscal Year Ending Sept.
2003

Fiscal Year Ending Sept.
2002

Fiscal Year Ending Sept.
2001