Charles B & Vivian Kelly Charitable Tr

Mason City, IA
Tax-exempt since Aug. 2002
EIN: 42-6619852

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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: Educational Institutions and Related Activities / Scholarships, Student Financial Aid Services, Awards (NTEE)

Donations to this organization are tax deductible.

Revenue

$53.8k (2024)

Expenses

$22.8k (2024)

Total Assets

$362k (2024)

Total Liabilities

$0 (2024)

Years with multiple filings

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 Dec.
2024

Revenue

$53,845

Expenses

$22,754

Net Income

$31,091

Net Assets

$361,860

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$509	0.9%
Dividends	$10,279	19.1%
Sales of Assets	$43,057	80.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$20,635	90.7%
Compensation of Officers*	$4,259	18.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$361,860
Total Liabilities	$0
Net Assets	$361,860

Compensation

Key Employees and Officers	Compensation	Other
Clear Lake Bank & Trust (Trustee)	$4,259	$0

990-PF

Filed on May 12, 2025

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

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Fiscal Year Ending Dec.
2023

Revenue

$29,238

Expenses

$21,074

Net Income

$8,164

Net Assets

$330,769

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$305	1.0%
Dividends	$7,554	25.8%
Sales of Assets	$21,379	73.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$19,188	91.1%
Compensation of Officers*	$3,392	16.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$330,769
Total Liabilities	$0
Net Assets	$330,769

Compensation

Key Employees and Officers	Compensation	Other
Clear Lake Bank & Trust (Trustee)	$3,392	$0

990-PF

Filed on May 14, 2024

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

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XML

Fiscal Year Ending Dec.
2022

Revenue

$31,348

Expenses

$26,908

Net Income

$4,440

Net Assets

$322,605

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$55	0.2%
Dividends	$6,811	21.7%
Sales of Assets	$24,482	78.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$24,779	92.1%
Compensation of Officers*	$3,949	14.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$322,605
Total Liabilities	$0
Net Assets	$322,605

Compensation

Key Employees and Officers	Compensation	Other
Clear Lake Bank & Trust (Trustee)	$3,949	$0

990-PF

Filed on May 12, 2023

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

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Fiscal Year Ending Dec.
2021

Revenue

$37,407

Expenses

$25,694

Net Income

$11,713

Net Assets

$318,165

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$7	0.0%
Dividends	$6,803	18.2%
Sales of Assets	$30,597	81.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$23,777	92.5%
Compensation of Officers*	$4,269	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	$318,165
Total Liabilities	$0
Net Assets	$318,165

Compensation

Key Employees and Officers	Compensation	Other
Clear Lake Bank & Trust (Trustee)	$4,269	$0

990-PF

Filed on May 16, 2022

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

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XML

Fiscal Year Ending Dec.
2020

Revenue

$15,511

Expenses

$23,169

Net Income

-$7,658

Net Assets

$306,451

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$7,650	49.3%
Sales of Assets	$7,861	50.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$21,473	92.7%
Compensation of Officers*	$3,607	15.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$306,452
Total Liabilities	$1
Net Assets	$306,451

Compensation

Key Employees and Officers	Compensation	Other
Clear Lake Bank & Trust (Trustee)	$3,607	$0

990-PF

Filed on May 5, 2021

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

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Fiscal Year Ending Dec.
2019

Revenue

$10,075

Expenses

$20,844

Net Income

-$10,769

Net Assets

$314,109

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$6,436	63.9%
Sales of Assets	$3,639	36.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$19,126	91.8%
Compensation of Officers*	$3,454	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	$314,110
Total Liabilities	$1
Net Assets	$314,109

Compensation

Key Employees and Officers	Compensation	Other
Clear Lake Bank & Trust (Trustee)	$3,454	$0

990-PF

Filed on May 14, 2020

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

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Fiscal Year Ending Dec.
2018

Revenue

$13,586

Expenses

$23,456

Net Income

-$9,870

Net Assets

$324,879

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$6,686	49.2%
Sales of Assets	$6,900	50.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$21,584	92.0%
Compensation of Officers*	$3,542	15.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$324,879
Total Liabilities	$0
Net Assets	$324,879

Compensation

Key Employees and Officers	Compensation	Other
Clear Lake Bank & Trust (Trustee)	$3,542	$0

990-PF

Filed on May 14, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$40,511

Expenses

$22,230

Net Income

$18,281

Net Assets

$334,749

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$7,924	19.6%
Sales of Assets	$32,587	80.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$20,303	91.3%
Compensation of Officers*	$3,536	15.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$334,749
Total Liabilities	$0
Net Assets	$334,749

Compensation

Key Employees and Officers	Compensation	Other
Clear Lake Bank & Trust (Trustee)	$3,536	$0

990-PF

Filed on May 8, 2018

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

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Fiscal Year Ending Dec.
2016

Revenue

$42,530

Expenses

$22,749

Net Income

$19,781

Net Assets

$316,468

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$7,092	16.7%
Sales of Assets	$35,438	83.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$20,790	91.4%
Compensation of Officers*	$3,447	15.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$316,468
Total Liabilities	$0
Net Assets	$316,468

Compensation

Key Employees and Officers	Compensation	Other
Clear Lake Bank & Trust (Trustee)	$3,447	$0

990-PF

Filed on April 28, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$16,564

Expenses

$21,529

Net Income

-$4,965

Net Assets

$296,687

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$6,661	40.2%
Sales of Assets	$9,903	59.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$20,463	95.0%
Compensation of Officers*	$3,017	14.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$296,687
Total Liabilities	$0
Net Assets	$296,687

990-PF

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

PDF

Fiscal Year Ending June
2015

Revenue

$30,793

Expenses

$24,465

Net Income

$6,328

Net Assets

$301,652

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$8,674	28.2%
Sales of Assets	$22,119	71.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$23,890	97.6%
Compensation of Officers*	$3,712	15.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$301,652
Total Liabilities	$0
Net Assets	$301,652

Compensation

Key Employees and Officers	Compensation	Other
Clear Lake Bank Trust (Trustee)	$3,712	$0

990-PF

Filed on Feb. 11, 2016

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

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Schedules ▼

PDF XML

Fiscal Year Ending June
2014

Revenue

$15,525

Expenses

$29,560

Net Income

-$14,035

Net Assets

$295,324

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$8,231	53.0%
Sales of Assets	$7,294	47.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$28,996	98.1%
Compensation of Officers*	$3,000	10.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$295,324
Total Liabilities	$0
Net Assets	$295,324

990-PF

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

PDF

Fiscal Year Ending June
2013

Revenue

$11,083

Expenses

$8,053

Net Income

$3,030

Net Assets

$309,521

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$7,402	66.8%
Sales of Assets	$3,681	33.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,532	93.5%
Compensation of Officers*	$1,500	18.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$309,521
Total Liabilities	$0
Net Assets	$309,521

990-PF

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

PDF

PDF (2 of 2)

Fiscal Year Ending June
2012

Revenue

$43,142

Expenses

$21,378

Net Income

$21,764

Net Assets

$309,283

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$7,017	16.3%
Sales of Assets	$36,125	83.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$19,990	93.5%
Compensation of Officers*	$3,429	16.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$309,283
Total Liabilities	$0
Net Assets	$309,283

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 November 19, 2025

Charles B & Vivian Kelly Charitable Tr

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $53.8k (2024)

Expenses $22.8k (2024)

Total Assets $362k (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. 2017

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

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

Document Links

990-PF

Fiscal Year Ending June 2013

Revenue

$53.8k (2024)

Expenses

$22.8k (2024)

Total Assets

$362k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

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2011

Fiscal Year Ending June
2010

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2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

Fiscal Year Ending June
2006

Fiscal Year Ending June
2005

Fiscal Year Ending June
2004

Fiscal Year Ending June
2003

Fiscal Year Ending June
2002