J Bruce Brolsma Educational Trust

Brolsma J Bruce Trustor

Jefferson, IA
Tax-exempt since July 2000
EIN: 42-6600774

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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: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$26.9k (2023)

Expenses

$28.2k (2023)

Total Assets

$745k (2023)

Total Liabilities

$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

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.
2023

Revenue

$26,901

Expenses

$28,156

Net Income

-$1,255

Net Assets

$745,021

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$26,901	100%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$745,021
Total Liabilities	$0
Net Assets	$745,021

Compensation

Key Employees and Officers	Compensation	Related	Other
Robert L Horak (Co Trustee)	$0	$0	$2,000
Cindy Russell (Co Trustee)	$0	$0	$2,000
Brandi Milosevich (Secretary)	$0	$0	$815
Ashley Brandt (Co Trustee)	$0	$0	$2,000
Mark Lane (Co Trustee)	$0	$0	$2,000

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990

Filed on May 15, 2024

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Fiscal Year Ending Dec.
2022

Revenue

$23,867

Expenses

$45,539

Net Income

-$21,672

Net Assets

$716,229

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$20,700	86.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$3,167	13.3%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$8,822	19.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$716,229
Total Liabilities	$0
Net Assets	$716,229

Compensation

Key Employees and Officers	Compensation	Related	Other
Robert L Horak (Co Trustee)	$0	$0	$2,000
Cindy Russell (Co Trustee)	$0	$0	$2,000
Brandi Milosevich (Secretary)	$0	$0	$822
Ashley Brandt (Co Trustee)	$0	$0	$2,000
Matt Adams (Co Trustee)	$0	$0	$2,000

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990

Filed on May 12, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$63,838

Expenses

$68,004

Net Income

-$4,166

Net Assets

$842,909

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$28,052	43.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$35,786	56.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$19,390	28.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$842,909
Total Liabilities	$0
Net Assets	$842,909

Compensation

Key Employees and Officers	Compensation	Related	Other
Robert L Horak (Co Trustee)	$0	$0	$2,000
Cindy Russell (Co Trustee)	$0	$0	$2,000
Brandi Milosevich (Secretary)	$0	$0	$870
Ashley Brandt (Co Trustee)	$0	$0	$2,000
Matt Adams (Co Trustee)	$0	$0	$2,000

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990

Filed on May 16, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$66,751

Expenses

$42,769

Net Income

$23,982

Net Assets

$831,325

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$24,350	36.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$42,401	63.5%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$8,794	20.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$831,325
Total Liabilities	$0
Net Assets	$831,325

Compensation

Key Employees and Officers	Compensation	Related	Other
Robert L Horak (Co Trustee)	$0	$0	$2,000
Cindy Russell (Co Trustee)	$0	$0	$2,000
Brandi Milosevich (Secretary)	$0	$0	$794
Ashley Brandt (Co Trustee)	$0	$0	$2,000
Matt Adams (Co Trustee)	$0	$0	$2,000

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990

Filed on May 18, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2019

Revenue

$25,328

Expenses

$48,656

Net Income

-$23,328

Net Assets

$810,773

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$27,787	> 100%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$2,459
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$8,808	18.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$810,773
Total Liabilities	$0
Net Assets	$810,773

Compensation

Key Employees and Officers	Compensation	Related	Other
Robert L Horak (Co Trustee)	$0	$0	$2,000
Cindy Russell (Co Trustee)	$0	$0	$2,000
Bradley Anderson (Co Trustee)	$0	$0	$2,000
Brandi Milosevich (Secretary)	$0	$0	$808
Ashley Brandt (Trustee)	$0	$0	$2,000

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990

Filed on May 12, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$46,132

Expenses

$31,741

Net Income

$14,391

Net Assets

$747,375

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$46,132	100%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$8,680	27.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$747,375
Total Liabilities	$0
Net Assets	$747,375

Compensation

Key Employees and Officers	Compensation	Related	Other
Robert L Horak (Co Trustee)	$0	$0	$2,000
Cindy Russell (Co Trustee)	$0	$0	$2,000
Bradley Anderson (Co Trustee)	$0	$0	$2,000
Derek Petry (Co Trustee)	$0	$0	$2,000
Brandi Milosevich (Secretary)	$0	$0	$680

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990

Filed on May 14, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$53,817

Expenses

$55,548

Net Income

-$1,731

Net Assets

$807,452

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$53,817	100%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$8,738	15.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$807,452
Total Liabilities	$0
Net Assets	$807,452

Compensation

Key Employees and Officers	Compensation	Related	Other
Robert L Horak (Co Trustee)	$0	$0	$2,000
Cindy Russell (Co Trustee)	$0	$0	$2,000
Bradley Anderson (Co Trustee)	$0	$0	$2,000
Rebecca Carroll (Co Trustee)	$0	$0	$2,000
Brandi Milosevich (Secretary)	$0	$0	$738

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990

Filed on May 16, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$32,656

Expenses

$44,406

Net Income

-$11,750

Net Assets

$768,658

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$32,656	100%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$8,716	19.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$768,658
Total Liabilities	$0
Net Assets	$768,658

Compensation

Key Employees and Officers	Compensation	Related	Other
Robert L Horak (Co Trustee)	$0	$0	$2,000
Cindy Russell (Co Trustee)	$0	$0	$2,000
Bradley Anderson (Co Trustee)	$0	$0	$2,000
Rebecca Carroll (Co Trustee)	$0	$0	$2,000
Brande Milosevich (Secretary)	$0	$0	$716

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990

Filed on May 12, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$37,294

Expenses

$48,927

Net Income

-$11,633

Net Assets

$782,169

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$37,294	100%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$8,686	17.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$782,169
Total Liabilities	$0
Net Assets	$782,169

Compensation

Key Employees and Officers	Compensation	Related	Other
Robert Horak (Co Trustee)	$0	$0	$2,000
Cindy Russell (Co Trustee)	$0	$0	$2,000
Bradley Anderson (Co Trustee)	$0	$0	$2,000
Rebecca Carroll (Co Trustee)	$0	$0	$2,000
Brande Milosevich (Secretary)	$0	$0	$686

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990

Filed on May 16, 2016

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Fiscal Year Ending Dec.
2014

Revenue

$42,653

Expenses

$42,645

Net Income

Net Assets

$832,912

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$42,653	100%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$8,600	20.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$832,912
Total Liabilities	$0
Net Assets	$832,912

Compensation

Key Employees and Officers	Compensation	Related	Other
Robert L Horak (Co Trustee)	$0	$0	$2,000
Cindy Russell (Co Trustee)	$0	$0	$2,000
Bradley Anderson (Co Trustee)	$0	$0	$2,000
Rebecca Carroll (Co Trustee)	$0	$0	$2,000

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990

Filed on May 15, 2015

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Fiscal Year Ending Dec.
2013

Revenue

$24,814

Expenses

$37,758

Net Income

-$12,944

Net Assets

$824,051

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$24,814	100%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$8,600	22.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$824,051
Total Liabilities	$0
Net Assets	$824,051

Compensation

Key Employees and Officers	Compensation	Related	Other
Robert L Horak (Co Trustee)	$0	$0	$2,000
Cindy Russell (Co Trustee)	$0	$0	$2,000
Bradley Anderson (Co Trustee)	$0	$0	$2,000
Colleen Scharlen (Trustee)	$0	$0	$2,000

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990

Filed on Aug. 15, 2014

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Fiscal Year Ending Dec.
2012

Revenue

$56,637

Expenses

$38,146

Net Income

$18,491

Net Assets

$802,854

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$28,093	49.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$28,544	50.4%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$8,600	22.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$802,854
Total Liabilities	$0
Net Assets	$802,854

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$28,120

Expenses

$45,261

Net Income

-$17,141

Net Assets

$752,672

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$38,907	> 100%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$10,787
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$8,600	19.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$752,672
Total Liabilities	$0
Net Assets	$752,672

990

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.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Updated March 27, 2025

J Bruce Brolsma Educational Trust

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $26.9k (2023)

Expenses $28.2k (2023)

Total Assets $745k (2023)

Total Liabilities $0 (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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Fiscal Year Ending Dec. 2022

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Fiscal Year Ending Dec. 2021

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Fiscal Year Ending Dec. 2020

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Fiscal Year Ending Dec. 2019

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Fiscal Year Ending Dec. 2018

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Fiscal Year Ending Dec. 2017

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Fiscal Year Ending Dec. 2016

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Fiscal Year Ending Dec. 2015

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Fiscal Year Ending Dec. 2014

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Fiscal Year Ending Dec. 2013

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Fiscal Year Ending Dec. 2012

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Revenue

$26.9k (2023)

Expenses

$28.2k (2023)

Total Assets

$745k (2023)

Total Liabilities

$0 (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

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2020

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2019

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2015

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2013

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2012

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Fiscal Year Ending Dec.
2001