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U S D 498 Foundation

Organization summary

Type of Nonprofit

Designated as a 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.

Summary charts: organization finances over time

Revenue
$107k (2025)

Expenses
$57.7k (2025)

Total Assets
$1.16M (2025)

Total Liabilities
$0 (2025)

Source: Form 990 tax filings from 2011 to 2025

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
2025

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$106,664
Expenses
$57,694
Net Income
$48,970
Net Assets
$1,155,829
Notable Sources of Revenue Percent of Total Revenue
Contributions $7,000
6.6%
Program Services $0
Investment Income $36,332
34.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $63,332
59.4%
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 $1,155,829
Total Liabilities $0
Net Assets $1,155,829
Compensation
Key Employees and Officers Compensation Related Other
Jordan Broxterman (Board Member) $0 $0 $0
Melva J Sanner (Board Member) $0 $0 $0
Chad Parker (President) $0 $0 $0
David Vermetten (Vice Preside) $0 $0 $0
Kenneth Steinfort (Treasurer) $0 $0 $0
Bryce Porter (Board Member) $0 $0 $0
Jami Gillig (Secretary) $0 $0 $0
Sarah Toerber (Board Member) $0 $0 $0
Lucas A Roepke (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$45,353
Expenses
$33,789
Net Income
$11,564
Net Assets
$1,106,859
Notable Sources of Revenue Percent of Total Revenue
Contributions $7,075
15.6%
Program Services $0
Investment Income $31,245
68.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $7,033
15.5%
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 $1,106,859
Total Liabilities $0
Net Assets $1,106,859
Compensation
Key Employees and Officers Compensation Related Other
Jordan Broxterman (Board Member) $0 $0 $0
Melva J Sanner (Board Member) $0 $0 $0
Chad Parker (President) $0 $0 $0
David Vermetten (Vice Preside) $0 $0 $0
Kenneth Steinfort (Treasurer) $0 $0 $0
Bryce Porter (Board Member) $0 $0 $0
Jami Gillig (Secretary) $0 $0 $0
Sarah Toerber (Board Member) $0 $0 $0
Lucas A Roepke (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$21,395
Expenses
$93,855
Net Income
-$72,460
Net Assets
$1,095,295
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,480
16.3%
Program Services $0
Investment Income $26,613
> 100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$8,698
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 $1,103,239
Total Liabilities $7,944
Net Assets $1,095,295
Compensation
Key Employees and Officers Compensation Related Other
Jordan Broxterman (Board Member) $0 $0 $0
Melva J Sanner (Board Member) $0 $0 $0
Chad Parker (President) $0 $0 $0
David Vermetten (Vice Preside) $0 $0 $0
Kenneth Steinfort (Treasurer) $0 $0 $0
Bryce Porter (Board Member) $0 $0 $0
Jami Gillig (Secretary) $0 $0 $0
Sarah Toerber (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$110,501
Expenses
$54,735
Net Income
$55,766
Net Assets
$1,167,755
Notable Sources of Revenue Percent of Total Revenue
Contributions $26,000
23.5%
Program Services $0
Investment Income $29,852
27.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $54,649
49.5%
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 $1,167,755
Total Liabilities $0
Net Assets $1,167,755
Compensation
Key Employees and Officers Compensation Related Other
Jordan Broxterman (Board Member) $0 $0 $0
Melva J Sanner (Board Member) $0 $0 $0
Chad Parker (Board Member) $0 $0 $0
David Vermetten (Vice Preside) $0 $0 $0
Kenneth Steinfort (Treasurer) $0 $0 $0
Bryce Porter (President) $0 $0 $0
Kaci Smith (Board Member) $0 $0 $0
Jami Gillig (Secretary) $0 $0 $0
Sarah Toerber (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$75,694
Expenses
$27,218
Net Income
$48,476
Net Assets
$1,111,989
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,457
8.5%
Program Services $0
Investment Income $22,063
29.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $47,174
62.3%
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 $1,111,989
Total Liabilities $0
Net Assets $1,111,989
Compensation
Key Employees and Officers Compensation Related Other
Richard Nelson (Board Member) $0 $0 $0
Melva J Sanner (Board Member) $0 $0 $0
Chad Parker (Board Member) $0 $0 $0
David Vermetten (Vice Preside) $0 $0 $0
Kenneth Steinfort (Treasurer) $0 $0 $0
Bryce Porter (President) $0 $0 $0
Kaci Smith (Board Member) $0 $0 $0
Jami Gillig (Secretary) $0 $0 $0
Sarah Toerber (Board Member) $0 $0 $0
John Bergkamp (Vhhs Liaison) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$31,342
Expenses
$37,483
Net Income
-$6,141
Net Assets
$1,063,513
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,000
6.4%
Program Services $0
Investment Income $26,936
85.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $2,406
7.7%
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 $1,063,513
Total Liabilities $0
Net Assets $1,063,513
Compensation
Key Employees and Officers Compensation Related Other
Richard Nelson (Board Member) $0 $0 $0
Theresa Minihan (Vice Preside) $0 $0 $0
Chad Parker (Board Member) $0 $0 $0
David Vermetten (Board Member) $0 $0 $0
Kenneth Steinfort (Treasurer) $0 $0 $0
Bryce Porter (President) $0 $0 $0
Kaci Smith (Board Member) $0 $0 $0
Jami Gillig (Secretary) $0 $0 $0
Sarah Toerber (Board Member) $0 $0 $0
John Bergkamp (Vhhs Liaison) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$71,012
Expenses
$39,460
Net Income
$31,552
Net Assets
$1,069,654
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,105
1.6%
Program Services $0
Investment Income $22,867
32.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $44,590
62.8%
Net Inventory Sales $0
Other Revenue $2,450
3.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,069,654
Total Liabilities $0
Net Assets $1,069,654
Compensation
Key Employees and Officers Compensation Related Other
Richard Nelson (Board Member) $0 $0 $0
Theresa Minihan (Vice Preside) $0 $0 $0
Chad Parker (Board Member) $0 $0 $0
David Vermetten (Board Member) $0 $0 $0
Kenneth Steinfort (Treasurer) $0 $0 $0
Bryce Porter (President) $0 $0 $0
Kaci Smith (Board Member) $0 $0 $0
Jami Gillig (Secretary) $0 $0 $0
Sarah Toerber (Board Member) $0 $0 $0
John Bergkamp (Vhhs Liaison) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$70,434
Expenses
$36,060
Net Income
$34,374
Net Assets
$1,038,102
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,001
2.8%
Program Services $0
Investment Income $23,155
32.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $45,278
64.3%
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 $1,038,102
Total Liabilities $0
Net Assets $1,038,102
Compensation
Key Employees and Officers Compensation Related Other
Richard Nelson (Board Member) $0 $0 $0
Theresa Minihan (Vice Preside) $0 $0 $0
Chad Parker (Board Member) $0 $0 $0
David Vermetten (Treasurer) $0 $0 $0
Kenneth Steinfort (Secretary) $0 $0 $0
Bryce Porter (President) $0 $0 $0
Kaci Smith (Board Member) $0 $0 $0
Jami Gillig (Board Member) $0 $0 $0
Sarah Toerber (Board Member) $0 $0 $0
John Bergkamp (Ex Officio) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$69,107
Expenses
$37,376
Net Income
$31,731
Net Assets
$1,003,728
Notable Sources of Revenue Percent of Total Revenue
Contributions $8,689
12.6%
Program Services $0
Investment Income $23,644
34.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $36,774
53.2%
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 $1,003,728
Total Liabilities $0
Net Assets $1,003,728
Compensation
Key Employees and Officers Compensation Related Other
Richard Nelson (Board Member) $0 $0 $0
Theresa Minihan (Board Member) $0 $0 $0
Chad Parker (Board Member) $0 $0 $0
David Vermetten (Secretary) $0 $0 $0
John Schwartz (President) $0 $0 $0
Kenneth Steinfort (Treasurer) $0 $0 $0
Bryce Porter (Vice Preside) $0 $0 $0
Kaci Smith (Board Member) $0 $0 $0
John Bergkamp (Ex Officio) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$7,570
Expenses
$39,795
Net Income
-$47,365
Net Assets
$971,997
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,913
Program Services $0
Investment Income $32,480
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$41,976
Net Inventory Sales $0
Other Revenue $13
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $971,997
Total Liabilities $0
Net Assets $971,997
Compensation
Key Employees and Officers Compensation Related Other
Terry Blaser (Secretary) $0 $0 $0
Richard Nelson (Board Member) $0 $0 $0
Theresa Minihan (Board Member) $0 $0 $0
Chad Parker (Board Member) $0 $0 $0
David Vermetten (Vice Preside) $0 $0 $0
John Schwartz (President) $0 $0 $0
Kenneth Steinfort (Treasurer) $0 $0 $0
Bryce Porter (Board Member) $0 $0 $0
Kaci Smith (Board Member) $0 $0 $0
John Bergkamp (Ex Officio) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$52,033
Expenses
$32,292
Net Income
$19,741
Net Assets
$1,019,362
Notable Sources of Revenue Percent of Total Revenue
Contributions $11,056
21.2%
Program Services $0
Investment Income $31,677
60.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $9,300
17.9%
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 $1,019,461
Total Liabilities $99
Net Assets $1,019,362
Compensation
Key Employees and Officers Compensation Related Other
Terry Blaser (Secretary) $0 $0 $0
Richard Nelson (Board Member) $0 $0 $0
Theresa Minihan (Treasurer) $0 $0 $0
Chad Parker (Board Member) $0 $0 $0
David Vermetten (Vice Preside) $0 $0 $0
John Schwartz (President) $0 $0 $0
Kenneth Steinfort (Board Member) $0 $0 $0
Bryce Porter (Board Member) $0 $0 $0
Kaci Smith (Board Member) $0 $0 $0
John Bergkamp (Ex Officio) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$36,393
Expenses
$38,806
Net Income
-$2,413
Net Assets
$999,621
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,867
5.1%
Program Services $0
Investment Income $28,468
78.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $6,058
16.6%
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 $999,621
Total Liabilities $0
Net Assets $999,621
Compensation
Key Employees and Officers Compensation Related Other
Terry Blaser (Secretary) $0 $0 $0
Richard Nelson (Board Member) $0 $0 $0
Theresa Minihan (Treasurer) $0 $0 $0
Chad Parker (Board Member) $0 $0 $0
David Vermetten (Vice Preside) $0 $0 $0
John Schwartz (President) $0 $0 $0
Kenny Steinfort (Board Member) $0 $0 $0
Bryce Porter (Board Member) $0 $0 $0
Kaci Smith (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$97,695
Expenses
$23,139
Net Income
$74,556
Net Assets
$1,002,034
Notable Sources of Revenue Percent of Total Revenue
Contributions $82,658
84.6%
Program Services $0
Investment Income $12,417
12.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $2,620
2.7%
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 $1,002,034
Total Liabilities $0
Net Assets $1,002,034

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$512,056
Expenses
$26,928
Net Income
$485,128
Net Assets
$927,478
Notable Sources of Revenue Percent of Total Revenue
Contributions $514,104
> 100%
Program Services $15
0.0%
Investment Income $13,787
2.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$15,850
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 $927,478
Total Liabilities $0
Net Assets $927,478

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$23,187
Expenses
$26,742
Net Income
-$3,555
Net Assets
$442,350
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,975
17.1%
Program Services $100
0.4%
Investment Income $19,112
82.4%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $442,350
Total Liabilities $0
Net Assets $442,350

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

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

Document Links

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 »

Get the Data

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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