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Walter L Mcquiston Community Trust

  • Iowa City, IA
  • EIN: 42-6620053

Organization summary

Type of Nonprofit

Designated as a Non-exempt charitable trusts.

Summary charts: organization finances over time

Revenue
$75.5k (2024)

Expenses
$48.9k (2024)

Total Assets
$620k (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 Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$75,544
Expenses
$48,929
Net Income
$26,615
Net Assets
$619,571
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1,275
1.7%
Dividends $13,817
18.3%
Sales of Assets $21,643
28.6%
Other Income $916
1.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $35,690
72.9%
Compensation of Officers* $6,821
13.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $619,571
Total Liabilities $0
Net Assets $619,571
Compensation
Key Employees and Officers Compensation Other
Midwestone Bank (Trustee) $6,821 $0

Document Links

990-PF
Filed on March 19, 2025

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

View Filing
XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$66,482
Expenses
$45,306
Net Income
$21,176
Net Assets
$605,270
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1,121
1.7%
Dividends $12,842
19.3%
Sales of Assets $8,572
12.9%
Other Income $1,332
2.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $32,712
72.2%
Compensation of Officers* $6,016
13.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $605,270
Total Liabilities $0
Net Assets $605,270
Compensation
Key Employees and Officers Compensation Other
Midwestone Bank (Trustee) $6,016 $0

Document Links

990-PF
Filed on April 4, 2024

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

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$68,993
Expenses
$48,112
Net Income
$20,881
Net Assets
$562,861
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $499
0.7%
Dividends $9,763
14.2%
Sales of Assets -$4,300
Other Income $1,092
1.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $32,885
68.4%
Compensation of Officers* $4,709
9.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $562,861
Total Liabilities $0
Net Assets $562,861
Compensation
Key Employees and Officers Compensation Other
Midwestone Bank (Trustee) $4,709 $0

Document Links

990-PF
Filed on June 8, 2023

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$91,038
Expenses
$42,701
Net Income
$48,337
Net Assets
$525,024
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $11
0.0%
Dividends $8,392
9.2%
Sales of Assets $31,457
34.6%
Other Income $379
0.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $29,493
69.1%
Compensation of Officers* $5,000
11.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $525,024
Total Liabilities $0
Net Assets $525,024
Compensation
Key Employees and Officers Compensation Other
Midwestone Bank (Trustee) $5,000 $0

Document Links

990-PF
Filed on March 1, 2022

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

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$39,874
Expenses
$37,981
Net Income
$1,893
Net Assets
$492,976
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $84
0.2%
Dividends $7,693
19.3%
Sales of Assets $12,724
31.9%
Other Income $1,740
4.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $28,544
75.2%
Compensation of Officers* $4,378
11.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $492,977
Total Liabilities $1
Net Assets $492,976
Compensation
Key Employees and Officers Compensation Other
Midwestone Bank (Trustee) $4,378 $4,378

Document Links

990-PF
Filed on March 5, 2021

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$91,028
Expenses
$47,734
Net Income
$43,294
Net Assets
$539,869
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $426
0.5%
Dividends $8,744
9.6%
Sales of Assets $34,167
37.5%
Other Income $1,780
2.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $32,946
69.0%
Compensation of Officers* $3,992
8.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $539,870
Total Liabilities $1
Net Assets $539,869
Compensation
Key Employees and Officers Compensation Other
Midwestone Bank (Trustee) $3,992 $0

Document Links

990-PF
Filed on May 21, 2020

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$102,459
Expenses
$52,415
Net Income
$50,044
Net Assets
$507,438
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $487
0.5%
Dividends $7,374
7.2%
Sales of Assets $10,283
10.0%
Other Income $1,541
1.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $32,901
62.8%
Compensation of Officers* $3,236
6.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $507,438
Total Liabilities $0
Net Assets $507,438
Compensation
Key Employees and Officers Compensation Other
Midwestone Bank (Trustee) $3,236 $0

Document Links

990-PF
Filed on May 8, 2019

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$91,987
Expenses
$47,595
Net Income
$44,392
Net Assets
$630,784
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $216
0.2%
Dividends $5,183
5.6%
Sales of Assets $8,963
9.7%
Other Income $1,015
1.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $28,048
58.9%
Compensation of Officers* $2,684
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 $630,784
Total Liabilities $0
Net Assets $630,784
Compensation
Key Employees and Officers Compensation Other
Midwestone Bank (Trustee) $2,684 $0

Document Links

990-PF
Filed on May 9, 2018

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$86,926
Expenses
$41,623
Net Income
$45,303
Net Assets
$524,743
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $178
0.2%
Dividends $2,762
3.2%
Sales of Assets $2,928
3.4%
Other Income $24,586
28.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $29,269
70.3%
Compensation of Officers* $1,227
2.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $524,743
Total Liabilities $0
Net Assets $524,743
Compensation
Key Employees and Officers Compensation Other
Midwestone Bank (Trustee) $1,227 $0

Document Links

990-PF
Filed on May 11, 2017

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$271,232
Expenses
$74,192
Net Income
$197,040
Net Assets
$314,747
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $47
0.0%
Dividends $0
Sales of Assets $0
Other Income $57
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,043
2.8%
Compensation of Officers* $500
0.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $314,747
Total Liabilities $0
Net Assets $314,747
Compensation
Key Employees and Officers Compensation Other
Midwestone Bank (Trustee) $500 $0

Document Links

990-PF
Filed on May 12, 2016

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$28
Expenses
$106,850
Net Income
-$106,822
Net Assets
$117,707
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $28
100%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $101,824
95.3%
Compensation of Officers* $500
0.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $117,707
Total Liabilities $0
Net Assets $117,707

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$114,763
Expenses
$5,140
Net Income
$109,623
Net Assets
$224,529
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $13
0.0%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,570
50.0%
Compensation of Officers* $2,500
48.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $224,529
Total Liabilities $0
Net Assets $224,529

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1
Expenses
$0
Net Income
$1
Net Assets
$1
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
Compensation of Officers* $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 $1
Total Liabilities $0
Net Assets $1

Document Links

990-PF

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

PDF

About This Data

What Is This Data?

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.

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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Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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