Paxton Family Trust

Storm Lake, IA
Tax-exempt since Oct. 2006
EIN: 42-6567814

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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.

Category: Environmental Quality, Protection and Beautification / Environmental Beautification and Aesthetics (NTEE)

Donations to this organization are tax deductible.

Revenue

$23.8k (2024)

Expenses

$36.1k (2024)

Total Assets

$490k (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2012 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 June
2024

Revenue

$23,791

Expenses

$36,107

Net Income

-$12,316

Net Assets

$490,212

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$937	3.9%
Dividends	$22,807	95.9%
Sales of Assets	$0
Other Income	$47	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$28,985	80.3%
Compensation of Officers*	$6,512	18.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$490,212
Total Liabilities	$0
Net Assets	$490,212

Compensation

Key Employees and Officers	Compensation	Other
Citizens First National Bank (Trustee)	$6,512	$0

990-PF

Filed on Sept. 5, 2024

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

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Fiscal Year Ending June
2023

Revenue

$23,300

Expenses

$37,255

Net Income

-$13,955

Net Assets

$503,435

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$769	3.3%
Dividends	$22,742	97.6%
Sales of Assets	$0
Other Income	-$211

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$31,050	83.3%
Compensation of Officers*	$6,194	16.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$503,435
Total Liabilities	$0
Net Assets	$503,435

Compensation

Key Employees and Officers	Compensation	Other
Citizens First National Bank (Trustee)	$6,194	$0

990-PF

Filed on Aug. 24, 2023

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

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Fiscal Year Ending June
2022

Revenue

$21,123

Expenses

$37,194

Net Income

-$16,071

Net Assets

$517,327

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$51	0.2%
Dividends	$21,639	> 100%
Sales of Assets	$0
Other Income	-$567

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$30,260	81.4%
Compensation of Officers*	$4,848	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	$517,327
Total Liabilities	$0
Net Assets	$517,327

Compensation

Key Employees and Officers	Compensation	Other
Citizens First National Bank (Trustee)	$4,848	$0

990-PF

Filed on July 6, 2022

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

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Fiscal Year Ending June
2021

Revenue

$19,699

Expenses

$32,749

Net Income

-$13,050

Net Assets

$503,199

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4	0.0%
Dividends	$19,695	100.0%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$28,316	86.5%
Compensation of Officers*	$3,684	11.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$503,200
Total Liabilities	$1
Net Assets	$503,199

Compensation

Key Employees and Officers	Compensation	Other
Citizens First National Bank (Trustee)	$3,684	$0

990-PF

Filed on July 19, 2021

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

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Fiscal Year Ending June
2020

Revenue

$18,734

Expenses

$32,896

Net Income

-$14,162

Net Assets

$469,149

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$330	1.8%
Dividends	$18,404	98.2%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$28,065	85.3%
Compensation of Officers*	$4,245	12.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$469,150
Total Liabilities	$1
Net Assets	$469,149

Compensation

Key Employees and Officers	Compensation	Other
Citizens First National Bank (Trustee)	$4,245	$0

990-PF

Filed on July 15, 2020

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

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Fiscal Year Ending June
2019

Revenue

$19,171

Expenses

$32,517

Net Income

-$13,346

Net Assets

$475,763

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$406	2.1%
Dividends	$18,765	97.9%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$27,645	85.0%
Compensation of Officers*	$4,080	12.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$475,763
Total Liabilities	$0
Net Assets	$475,763

Compensation

Key Employees and Officers	Compensation	Other
Citizens First National Bank (Trustee)	$4,080	$0

990-PF

Filed on July 18, 2019

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

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Fiscal Year Ending June
2018

Revenue

$19,256

Expenses

$32,389

Net Income

-$13,133

Net Assets

$489,589

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$234	1.2%
Dividends	$20,623	> 100%
Sales of Assets	$0
Other Income	-$1,601

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$28,157	86.9%
Compensation of Officers*	$3,765	11.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$489,589
Total Liabilities	$0
Net Assets	$489,589

Compensation

Key Employees and Officers	Compensation	Other
Citizens First National Bank (Trustee)	$3,765	$0

990-PF

Filed on July 5, 2018

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

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Fiscal Year Ending June
2017

Revenue

$18,084

Expenses

$33,621

Net Income

-$15,537

Net Assets

$494,564

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$19,938	> 100%
Sales of Assets	$0
Other Income	-$1,854

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$28,671	85.3%
Compensation of Officers*	$4,521	13.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$494,564
Total Liabilities	$0
Net Assets	$494,564

Compensation

Key Employees and Officers	Compensation	Other
Citizens First National Bank (Trustee)	$4,521	$0

990-PF

Filed on July 6, 2017

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

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Fiscal Year Ending June
2016

Revenue

$17,603

Expenses

$36,319

Net Income

-$18,716

Net Assets

$510,101

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$25	0.1%
Dividends	$19,561	> 100%
Sales of Assets	$0
Other Income	-$1,983

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$31,622	87.1%
Compensation of Officers*	$4,309	11.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$510,101
Total Liabilities	$0
Net Assets	$510,101

Compensation

Key Employees and Officers	Compensation	Other
Citizens First National Bank (Trustee)	$4,309	$0

990-PF

Filed on July 28, 2016

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

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Fiscal Year Ending June
2015

Revenue

$20,060

Expenses

$31,294

Net Income

-$11,234

Net Assets

$528,817

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$5	0.0%
Dividends	$21,822	> 100%
Sales of Assets	$0
Other Income	-$1,767

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$28,541	91.2%
Compensation of Officers*	$2,149	6.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$528,817
Total Liabilities	$0
Net Assets	$528,817

Compensation

Key Employees and Officers	Compensation	Other
Citizens First National Bank (Trustee)	$2,149	$0

990-PF

Filed on Aug. 17, 2015

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

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Fiscal Year Ending June
2014

Revenue

$25,551

Expenses

$33,200

Net Income

-$7,649

Net Assets

$534,534

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3	0.0%
Dividends	$26,718	> 100%
Sales of Assets	$0
Other Income	-$1,170

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$30,465	91.8%
Compensation of Officers*	$2,186	6.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$534,534
Total Liabilities	$0
Net Assets	$534,534

Compensation

Key Employees and Officers	Compensation	Other
Citizens First National Bank (Trustee)	$2,186	$0

990-PF

Filed on Aug. 5, 2014

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

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Fiscal Year Ending June
2013

Revenue

$21,391

Expenses

$31,679

Net Income

-$10,288

Net Assets

$534,569

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2	0.0%
Dividends	$22,509	> 100%
Sales of Assets	$0
Other Income	-$1,120

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$29,046	91.7%
Compensation of Officers*	$2,094	6.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$534,570
Total Liabilities	$1
Net Assets	$534,569

990-PF

Filed on Jan. 14, 2014

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

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Fiscal Year Ending June
2012

Revenue

$26,741

Expenses

$30,147

Net Income

-$3,406

Net Assets

$538,725

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3	0.0%
Dividends	$23,813	89.1%
Sales of Assets	$2,849	10.7%
Other Income	$76	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$27,269	90.5%
Compensation of Officers*	$1,677	5.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$538,725
Total Liabilities	$0
Net Assets	$538,725

990-PF

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

PDF

PDF (2 of 2)

Fiscal Year Ending June
2003

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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.

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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Paxton Family Trust

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $23.8k (2024)

Expenses $36.1k (2024)

Total Assets $490k (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending June 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$23.8k (2024)

Expenses

$36.1k (2024)

Total Assets

$490k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending June
2024

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

Fiscal Year Ending June
2006

Fiscal Year Ending June
2004

Fiscal Year Ending June
2003