John E Solem Scholarship Trust

Sioux Falls, SD
Tax-exempt since Oct. 1954
EIN: 46-6010949

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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

$15.5k (2024)

Expenses

$11.9k (2024)

Total Assets

$116k (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 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

$15,489

Expenses

$11,890

Net Income

$3,599

Net Assets

$116,194

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$4,776	30.8%
Sales of Assets	$10,713	69.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,299	69.8%
Compensation of Officers*	$2,067	17.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$116,194
Total Liabilities	$0
Net Assets	$116,194

Compensation

Key Employees and Officers	Compensation	Other
The First Nat'l Bank In Sioux Falls (Trustee)	$2,067	$0

990-PF

Filed on April 5, 2025

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

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Fiscal Year Ending Dec.
2023

Revenue

$8,189

Expenses

$12,354

Net Income

-$4,165

Net Assets

$112,563

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$4,322	52.8%
Sales of Assets	$3,867	47.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,456	68.4%
Compensation of Officers*	$1,956	15.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$112,563
Total Liabilities	$0
Net Assets	$112,563

Compensation

Key Employees and Officers	Compensation	Other
The First Nat'l Bank In Sioux Falls (Trustee)	$1,956	$0

990-PF

Filed on April 9, 2024

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

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XML

Fiscal Year Ending Dec.
2022

Revenue

$3,888

Expenses

$11,727

Net Income

-$7,839

Net Assets

$116,744

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$3,571	91.8%
Sales of Assets	$317	8.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,210	70.0%
Compensation of Officers*	$2,026	17.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$116,744
Total Liabilities	$0
Net Assets	$116,744

Compensation

Key Employees and Officers	Compensation	Other
The First Nat'l Bank In Sioux Falls (Trustee)	$2,026	$0

990-PF

Filed on March 3, 2023

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

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Fiscal Year Ending Dec.
2021

Revenue

$18,147

Expenses

$12,542

Net Income

$5,605

Net Assets

$124,622

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$3,498	19.3%
Sales of Assets	$14,649	80.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$10,103	80.6%
Compensation of Officers*	$2,893	23.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$124,622
Total Liabilities	$0
Net Assets	$124,622

Compensation

Key Employees and Officers	Compensation	Other
The First Nat'l Bank In Sioux Falls (Trustee)	$2,893	$0

990-PF

Filed on May 5, 2022

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

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XML

Fiscal Year Ending Dec.
2020

Revenue

$15,968

Expenses

$11,394

Net Income

$4,574

Net Assets

$119,015

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$3,111	19.5%
Sales of Assets	$12,857	80.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$9,313	81.7%
Compensation of Officers*	$2,587	22.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$119,016
Total Liabilities	$1
Net Assets	$119,015

Compensation

Key Employees and Officers	Compensation	Other
The First Nat'l Bank In Sioux Falls (Trustee)	$2,587	$0

990-PF

Filed on May 10, 2021

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

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XML

Fiscal Year Ending Dec.
2019

Revenue

$10,075

Expenses

$10,489

Net Income

-$414

Net Assets

$114,383

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$3,769	37.4%
Sales of Assets	$6,306	62.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,401	80.1%
Compensation of Officers*	$2,593	24.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$114,384
Total Liabilities	$1
Net Assets	$114,383

Compensation

Key Employees and Officers	Compensation	Other
The First Nat'l Bank In Sioux Falls (Trustee)	$2,593	$0

990-PF

Filed on April 28, 2020

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

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Fiscal Year Ending Dec.
2018

Revenue

$10,757

Expenses

$9,906

Net Income

$851

Net Assets

$114,798

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$3,389	31.5%
Sales of Assets	$7,368	68.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,753	78.3%
Compensation of Officers*	$2,667	26.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$114,798
Total Liabilities	$0
Net Assets	$114,798

Compensation

Key Employees and Officers	Compensation	Other
The First Nat'l Bank In Sioux Falls (Trustee)	$2,667	$0

990-PF

Filed on May 15, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$14,101

Expenses

$9,327

Net Income

$4,774

Net Assets

$113,978

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$3,143	22.3%
Sales of Assets	$10,958	77.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,159	76.8%
Compensation of Officers*	$2,594	27.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$113,978
Total Liabilities	$0
Net Assets	$113,978

Compensation

Key Employees and Officers	Compensation	Other
The First Nat'l Bank In Sioux Falls (Trustee)	$2,594	$0

990-PF

Filed on May 2, 2018

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

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Fiscal Year Ending Dec.
2016

Revenue

$4,583

Expenses

$9,813

Net Income

-$5,230

Net Assets

$109,102

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$2,867	62.6%
Sales of Assets	$1,716	37.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,731	78.8%
Compensation of Officers*	$2,461	25.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$109,102
Total Liabilities	$0
Net Assets	$109,102

Compensation

Key Employees and Officers	Compensation	Other
The First Nat'l Bank In Sioux Falls (Trustee)	$2,461	$0

990-PF

Filed on Oct. 5, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$9,462

Expenses

$9,706

Net Income

-$244

Net Assets

$114,332

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$3,263	34.5%
Sales of Assets	$6,199	65.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,611	78.4%
Compensation of Officers*	$2,553	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	$114,332
Total Liabilities	$0
Net Assets	$114,332

Compensation

Key Employees and Officers	Compensation	Other
The First Nat'l Bank In Sioux Falls (Trustee)	$2,553	$0

990-PF

Filed on May 12, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$7,585

Expenses

$9,525

Net Income

-$1,940

Net Assets

$114,576

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$2,940	38.8%
Sales of Assets	$4,645	61.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,949	73.0%
Compensation of Officers*	$2,492	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	$114,576
Total Liabilities	$0
Net Assets	$114,576

Compensation

Key Employees and Officers	Compensation	Other
The First Nat'l Bank In Sioux Falls (Trustee)	$2,492	$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 Dec.
2013

Revenue

$10,694

Expenses

$8,293

Net Income

$2,401

Net Assets

$116,516

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$2,750	25.7%
Sales of Assets	$7,944	74.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,011	72.5%
Compensation of Officers*	$2,170	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	$116,516
Total Liabilities	$0
Net Assets	$116,516

Compensation

Key Employees and Officers	Compensation	Other
The First Nat'l Bank In Sioux Falls (Trustee)	$2,170	$0

990-PF

Filed on April 23, 2014

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

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Fiscal Year Ending Dec.
2012

Revenue

$7,605

Expenses

$5,439

Net Income

$2,166

Net Assets

$114,114

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$3,253	42.8%
Sales of Assets	$4,352	57.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,366	61.9%
Compensation of Officers*	$2,022	37.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$114,115
Total Liabilities	$1
Net Assets	$114,114

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$4,549

Expenses

$6,121

Net Income

-$1,572

Net Assets

$111,948

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$2,645	58.1%
Sales of Assets	$1,904	41.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,111	67.2%
Compensation of Officers*	$2,003	32.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$111,949
Total Liabilities	$1
Net Assets	$111,948

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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Updated March 23, 2026

John E Solem Scholarship Trust

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $15.5k (2024)

Expenses $11.9k (2024)

Total Assets $116k (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

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$15.5k (2024)

Expenses

$11.9k (2024)

Total Assets

$116k (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 Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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2002

Fiscal Year Ending Dec.
2001