Florence Potter Scholarship Trust

Burlington, IA
Tax-exempt since Dec. 1988
EIN: 42-6418269

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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

$9.46k (2025)

Expenses

$6.78k (2025)

Total Assets

$98.3k (2025)

Total Liabilities

$0 (2025)

Source: Form 990 tax filings from 2011 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 Oct.
2025

Revenue

$9,455

Expenses

$6,784

Net Income

$2,671

Net Assets

$98,256

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$2,564	27.1%
Sales of Assets	$6,891	72.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,623	82.9%
Compensation of Officers*	$1,556	22.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$98,256
Total Liabilities	$0
Net Assets	$98,256

Compensation

Key Employees and Officers	Compensation	Other
F&M Bank & Trust (Trustee)	$1,556	$0

990-PF

Filed on Jan. 29, 2026

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

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Fiscal Year Ending Oct.
2024

Revenue

$3,754

Expenses

$3,590

Net Income

$164

Net Assets

$95,585

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$2,251	60.0%
Sales of Assets	$1,503	40.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,535	70.6%
Compensation of Officers*	$1,395	38.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$95,585
Total Liabilities	$0
Net Assets	$95,585

Compensation

Key Employees and Officers	Compensation	Other
F&M Bank & Trust (Trustee)	$1,395	$0

990-PF

Filed on Jan. 16, 2025

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

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XML

Fiscal Year Ending Oct.
2023

Revenue

-$1,793

Expenses

$5,061

Net Income

-$6,854

Net Assets

$95,421

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$2,458
Sales of Assets	-$4,251
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,987	78.8%
Compensation of Officers*	$1,324	26.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$95,421
Total Liabilities	$0
Net Assets	$95,421

Compensation

Key Employees and Officers	Compensation	Other
F&M Bank & Trust (Trustee)	$1,324	$0

990-PF

Filed on Feb. 19, 2024

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

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Fiscal Year Ending Oct.
2022

Revenue

$7,285

Expenses

$7,936

Net Income

-$651

Net Assets

$102,275

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,776	24.4%
Sales of Assets	$5,509	75.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,510	82.0%
Compensation of Officers*	$1,419	17.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$102,275
Total Liabilities	$0
Net Assets	$102,275

Compensation

Key Employees and Officers	Compensation	Other
F&M Bank & Trust (Trustee)	$1,419	$0

990-PF

Filed on March 13, 2023

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

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Fiscal Year Ending Oct.
2021

Revenue

$31,055

Expenses

$5,563

Net Income

$25,492

Net Assets

$102,926

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,370	4.4%
Sales of Assets	$29,685	95.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,531	81.4%
Compensation of Officers*	$1,463	26.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$102,926
Total Liabilities	$0
Net Assets	$102,926

Compensation

Key Employees and Officers	Compensation	Other
F&M Bank & Trust (Trustee)	$1,463	$0

990-PF

Filed on March 11, 2022

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

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Fiscal Year Ending Oct.
2020

Revenue

-$11,712

Expenses

$6,961

Net Income

-$18,673

Net Assets

$77,433

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,355
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,928	85.2%
Compensation of Officers*	$1,282	18.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$77,434
Total Liabilities	$1
Net Assets	$77,433

Compensation

Key Employees and Officers	Compensation	Other
F&M Bank & Trust (Trustee)	$1,282	$0

990-PF

Filed on Jan. 26, 2021

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

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Fiscal Year Ending Oct.
2019

Revenue

$11,510

Expenses

$9,310

Net Income

$2,200

Net Assets

$96,106

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$2,240	19.5%
Sales of Assets	$9,270	80.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,120	87.2%
Compensation of Officers*	$1,254	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	$96,107
Total Liabilities	$1
Net Assets	$96,106

Compensation

Key Employees and Officers	Compensation	Other
F&M Bank & Trust (Trustee)	$1,254	$0

990-PF

Filed on Jan. 15, 2020

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

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Fiscal Year Ending Oct.
2018

Revenue

$8,069

Expenses

$6,617

Net Income

$1,452

Net Assets

$93,907

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$2,722	33.7%
Sales of Assets	$5,347	66.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,176	78.2%
Compensation of Officers*	$1,286	19.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$93,907
Total Liabilities	$0
Net Assets	$93,907

Compensation

Key Employees and Officers	Compensation	Other
F&M Bank & Trust (Trustee)	$1,286	$0

990-PF

Filed on Feb. 13, 2019

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

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Fiscal Year Ending Oct.
2017

Revenue

$9,375

Expenses

$5,218

Net Income

$4,157

Net Assets

$92,455

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,846	19.7%
Sales of Assets	$7,529	80.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,870	55.0%
Compensation of Officers*	$1,190	22.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$92,455
Total Liabilities	$0
Net Assets	$92,455

Compensation

Key Employees and Officers	Compensation	Other
F&M Bank & Trust (Trustee)	$1,190	$0

990-PF

Filed on March 15, 2018

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

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Fiscal Year Ending Oct.
2016

Revenue

$6,742

Expenses

$5,155

Net Income

$1,587

Net Assets

$88,298

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,553	23.0%
Sales of Assets	$5,189	77.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,857	94.2%
Compensation of Officers*	$1,146	22.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$88,298
Total Liabilities	$0
Net Assets	$88,298

Compensation

Key Employees and Officers	Compensation	Other
F&M Bank & Trust (Trustee)	$1,146	$0

990-PF

Filed on July 20, 2017

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

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Fiscal Year Ending Oct.
2015

Revenue

$8,423

Expenses

$5,662

Net Income

$2,761

Net Assets

$86,711

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,779	21.1%
Sales of Assets	$6,644	78.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,394	95.3%
Compensation of Officers*	$1,119	19.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$86,711
Total Liabilities	$0
Net Assets	$86,711

Compensation

Key Employees and Officers	Compensation	Other
F&M Bank & Trust (Trustee)	$1,119	$0

990-PF

Filed on March 12, 2016

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

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Fiscal Year Ending Oct.
2014

Revenue

$6,067

Expenses

$4,333

Net Income

$1,734

Net Assets

$83,950

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,001	16.5%
Dividends	$598	9.9%
Sales of Assets	$4,468	73.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,000	69.2%
Compensation of Officers*	$1,064	24.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$83,950
Total Liabilities	$0
Net Assets	$83,950

Compensation

Key Employees and Officers	Compensation	Other
Fm Bank Trust (Trustee)	$1,064	$0

990-PF

Filed on March 2, 2015

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

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Fiscal Year Ending Oct.
2013

Revenue

$3,206

Expenses

$6,790

Net Income

-$3,584

Net Assets

$82,215

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,013	31.6%
Dividends	$543	16.9%
Sales of Assets	$1,650	51.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,500	81.0%
Compensation of Officers*	$1,004	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	$82,216
Total Liabilities	$1
Net Assets	$82,215

990-PF

Filed on Dec. 31, 2013

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

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Fiscal Year Ending Oct.
2012

Revenue

$10,426

Expenses

$5,781

Net Income

$4,645

Net Assets

$85,799

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$751	7.2%
Dividends	$418	4.0%
Sales of Assets	$8,757	84.0%
Other Income	$500	4.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,500	77.8%
Compensation of Officers*	$966	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	$85,800
Total Liabilities	$1
Net Assets	$85,799

990-PF

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

PDF

Fiscal Year Ending Oct.
2011

Revenue

$2,220

Expenses

$5,266

Net Income

-$3,046

Net Assets

$81,155

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$322	14.5%
Dividends	$1,198	54.0%
Sales of Assets	$700	31.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,000	76.0%
Compensation of Officers*	$968	18.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$81,155
Total Liabilities	$0
Net Assets	$81,155

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 March 23, 2026

Florence Potter Scholarship Trust

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $9.46k (2025)

Expenses $6.78k (2025)

Total Assets $98.3k (2025)

Total Liabilities $0 (2025)

Tax Filings by Year

Fiscal Year Ending Oct. 2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$9.46k (2025)

Expenses

$6.78k (2025)

Total Assets

$98.3k (2025)

Total Liabilities

$0 (2025)

Fiscal Year Ending Oct.
2025

Fiscal Year Ending Oct.
2024

Fiscal Year Ending Oct.
2023

Fiscal Year Ending Oct.
2022

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2021

Fiscal Year Ending Oct.
2020

Fiscal Year Ending Oct.
2019

Fiscal Year Ending Oct.
2018

Fiscal Year Ending Oct.
2017

Fiscal Year Ending Oct.
2016

Fiscal Year Ending Oct.
2015

Fiscal Year Ending Oct.
2014

Fiscal Year Ending Oct.
2013

Fiscal Year Ending Oct.
2012

Fiscal Year Ending Oct.
2011

Fiscal Year Ending Oct.
2010

Fiscal Year Ending Oct.
2009

Fiscal Year Ending Oct.
2008

Fiscal Year Ending Oct.
2007

Fiscal Year Ending Oct.
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Fiscal Year Ending Oct.
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Fiscal Year Ending Oct.
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Fiscal Year Ending Oct.
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