Richard O Jacobson Foundation Inc

Des Moines, IA
Tax-exempt since Aug. 1976
EIN: 51-0192624

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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

$45M (2024)

Expenses

$384k (2024)

Total Assets

$66.7M (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 Oct.
2024

Revenue

$45,000,589

Expenses

$384,397

Net Income

$44,616,192

Net Assets

$66,699,452

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$42,659,555	94.8%
Interest Revenue	$2,341,034	5.2%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$376,785	98.0%
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	$66,699,452
Total Liabilities	$0
Net Assets	$66,699,452

Compensation

Key Employees and Officers	Compensation	Other
Bruce L Rastetter (Chairman & Ceo)	$0	$0
Carlton T King (Vice President)	$0	$0
Mark N Larson (Treasurer)	$0	$0
Will J Hoekman (Secretary)	$0	$0

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990-PF

Filed on March 14, 2025

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

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Schedules ▼

XML

Fiscal Year Ending Oct.
2023

Revenue

$1,486,333

Expenses

$4,245,064

Net Income

-$2,758,731

Net Assets

$22,083,260

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,000,000	67.3%
Interest Revenue	$486,333	32.7%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,223,835	99.5%
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	$22,083,260
Total Liabilities	$0
Net Assets	$22,083,260

Compensation

Key Employees and Officers	Compensation	Other
Bruce L Rastetter (Chairman & Ceo)	$0	$0
Carlton T King (Vice President)	$0	$0
Mark N Larson (Treasurer)	$0	$0
Will J Hoekman (Secretary)	$0	$0

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990-PF

Filed on Oct. 10, 2024

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Oct.
2022

Revenue

$13,826,505

Expenses

$8,888,601

Net Income

$4,937,904

Net Assets

$24,841,991

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$13,750,000	99.4%
Interest Revenue	$76,505	0.6%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,865,479	99.7%
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	$24,841,991
Total Liabilities	$0
Net Assets	$24,841,991

Compensation

Key Employees and Officers	Compensation	Other
Bruce L Rastetter (Chairman & Ceo)	$0	$0
Carlton T King (Vice President)	$0	$0
Mark N Larson (Treasurer)	$0	$0
Will J Hoekman (Secretary)	$0	$0

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990-PF

Filed on Feb. 17, 2023

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

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Schedules ▼

PDF XML

Fiscal Year Ending Oct.
2021

Revenue

$10,014,327

Expenses

$2,567,469

Net Income

$7,446,858

Net Assets

$19,904,087

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$10,000,000	99.9%
Interest Revenue	$14,327	0.1%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,544,637	99.1%
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	$19,904,087
Total Liabilities	$0
Net Assets	$19,904,087

Compensation

Key Employees and Officers	Compensation	Other
Bruce L Rastetter (Chairman & Ceo)	$0	$0
Carlton T King (Vice President)	$0	$0
Mark N Larson (Treasurer)	$0	$0
Will J Hoekman (Secretary)	$0	$0

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990-PF

Filed on March 14, 2022

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

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Schedules ▼

PDF XML

Fiscal Year Ending Oct.
2020

Revenue

$18,325,871

Expenses

$8,786,676

Net Income

$9,539,195

Net Assets

$12,457,227

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$18,322,351	100.0%
Interest Revenue	$3,520	0.0%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,767,895	99.8%
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	$12,457,228
Total Liabilities	$1
Net Assets	$12,457,227

Compensation

Key Employees and Officers	Compensation	Other
Bruce L Rastetter (Chairman & Ceo)	$0	$0
Carlton T King (Vice President)	$0	$0
Mark N Larson (Treasurer)	$0	$0
Will J Hoekman (Secretary)	$0	$0

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990-PF

Filed on Aug. 16, 2021

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

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Schedules ▼

XML

Fiscal Year Ending Oct.
2019

Revenue

$21,500,018

Expenses

$28,341,835

Net Income

-$6,841,817

Net Assets

$2,918,033

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$21,500,000	100.0%
Interest Revenue	$18	0.0%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$28,317,356	99.9%
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	$2,918,034
Total Liabilities	$1
Net Assets	$2,918,033

Compensation

Key Employees and Officers	Compensation	Other
Bruce L Rastetter (Chairman & Ceo)	$0	$0
Carlton T King (Vice President)	$0	$0
Mark N Larson (Treasurer)	$0	$0
Will J Hoekman (Secretary)	$0	$0

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990-PF

Filed on Dec. 16, 2020

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

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Schedules ▼

XML

Fiscal Year Ending Oct.
2018

Revenue

$18,561,612

Expenses

$14,437,795

Net Income

$4,123,817

Net Assets

$9,759,851

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$18,500,000	99.7%
Interest Revenue	$369	0.0%
Dividends	$57,324	0.3%
Sales of Assets	$3,919	0.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$14,398,040	99.7%
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	$9,759,851
Total Liabilities	$0
Net Assets	$9,759,851

Compensation

Key Employees and Officers	Compensation	Other
Bruce L Rastetter (Chairman & Ceo)	$0	$0
Carlton T King (Vice President)	$0	$0
Mark N Larson (Treasurer)	$0	$0
Will J Hoekman (Secretary)	$0	$0

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990-PF

Filed on Aug. 19, 2019

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

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Schedules ▼

PDF XML

Fiscal Year Ending Oct.
2017

Revenue

$3,085,432

Expenses

$4,312,055

Net Income

-$1,226,623

Net Assets

$5,636,034

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,592,877	84.0%
Interest Revenue	$44	0.0%
Dividends	$146,626	4.8%
Sales of Assets	$345,606	11.2%
Other Income	$279	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,287,121	99.4%
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	$5,636,034
Total Liabilities	$0
Net Assets	$5,636,034

Compensation

Key Employees and Officers	Compensation	Other
Bruce L Rastetter (Chairman & Ceo)	$0	$0
Carlton T King (Vice President)	$0	$0
Mark N Larson (Treasurer)	$0	$0
Will J Hoekman (Secretary)	$0	$0

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990-PF

Filed on Aug. 21, 2018

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

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Schedules ▼

PDF XML

Fiscal Year Ending Oct.
2016

Revenue

$6,600,142

Expenses

$853,868

Net Income

$5,746,274

Net Assets

$6,862,657

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$6,502,386	98.5%
Interest Revenue	$13	0.0%
Dividends	$59,875	0.9%
Sales of Assets	$37,868	0.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$849,427	99.5%
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	$6,862,657
Total Liabilities	$0
Net Assets	$6,862,657

Compensation

Key Employees and Officers	Compensation	Other
Doug Den Adel (President & Coo)	$0	$0
Bruce L Rastetter (Chairman & Ceo)	$0	$0
Carlton T King (Vice President)	$0	$0
Mark N Larson (Treasurer)	$0	$0
Will J Hoekman (Secretary)	$0	$0

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990-PF

Filed on Feb. 14, 2017

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

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Schedules ▼

PDF XML

Fiscal Year Ending Oct.
2015

Revenue

$51,241

Expenses

$2,064

Net Income

$49,177

Net Assets

$1,116,383

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$7	0.0%
Dividends	$8,331	16.3%
Sales of Assets	$42,903	83.7%
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	$1,116,383
Total Liabilities	$0
Net Assets	$1,116,383

Compensation

Key Employees and Officers	Compensation	Other
Richard O Jacobson (President)	$0	$0

990-PF

Filed on Feb. 8, 2016

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

View Filing

Schedules ▼

PDF XML

PDF (2 of 2)

Fiscal Year Ending Oct.
2014

Revenue

$48,064

Expenses

$5,000

Net Income

$43,064

Net Assets

$1,067,206

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,200	6.7%
Interest Revenue	$7	0.0%
Dividends	$13,854	28.8%
Sales of Assets	$30,580	63.6%
Other Income	$423	0.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,800	36.0%
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	$1,067,206
Total Liabilities	$0
Net Assets	$1,067,206

Compensation

Key Employees and Officers	Compensation	Other
Richard O Jacobson (President)	$0	$0

990-PF

Filed on Jan. 22, 2015

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

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Schedules ▼

PDF XML

Fiscal Year Ending Oct.
2013

Revenue

$395,666

Expenses

$4,069,074

Net Income

-$3,673,408

Net Assets

$1,024,141

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$7	0.0%
Dividends	$125,067	31.6%
Sales of Assets	$270,592	68.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,063,770	99.9%
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	$1,024,142
Total Liabilities	$1
Net Assets	$1,024,141

990-PF

Filed on Dec. 29, 2014

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

View Filing

Schedules ▼

PDF XML

PDF (2 of 2)

Fiscal Year Ending Oct.
2012

Revenue

$2,577,178

Expenses

$2,504,642

Net Income

$72,536

Net Assets

$4,697,550

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,151,975	83.5%
Interest Revenue	$17	0.0%
Dividends	$240,641	9.3%
Sales of Assets	$184,545	7.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,460,108	98.2%
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	$4,697,550
Total Liabilities	$0
Net Assets	$4,697,550

990-PF

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

PDF

Fiscal Year Ending Oct.
2011

Revenue

$4,787,150

Expenses

$56,163,728

Net Income

-$51,376,578

Net Assets

$4,625,014

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$117,457	2.5%
Interest Revenue	$0
Dividends	$1,317,736	27.5%
Sales of Assets	$3,351,957	70.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$56,147,102	100.0%
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	$4,625,014
Total Liabilities	$0
Net Assets	$4,625,014

990-PF

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

Fiscal Year Ending Oct.
2001

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

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.

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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.

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Richard O Jacobson Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $45M (2024)

Expenses $384k (2024)

Total Assets $66.7M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Oct. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$45M (2024)

Expenses

$384k (2024)

Total Assets

$66.7M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Oct.
2024

Fiscal Year Ending Oct.
2023

Fiscal Year Ending Oct.
2022

Fiscal Year Ending Oct.
2021

Fiscal Year Ending Oct.
2020

Fiscal Year Ending Oct.
2019

Fiscal Year Ending Oct.
2018

Fiscal Year Ending Oct.
2017

Fiscal Year Ending Oct.
2016

Fiscal Year Ending Oct.
2015

Fiscal Year Ending Oct.
2014

Fiscal Year Ending Oct.
2013

Fiscal Year Ending Oct.
2012

Fiscal Year Ending Oct.
2011

Fiscal Year Ending Oct.
2010

Fiscal Year Ending Oct.
2009

Fiscal Year Ending Oct.
2008

Fiscal Year Ending Oct.
2007

Fiscal Year Ending Oct.
2006

Fiscal Year Ending Oct.
2005

Fiscal Year Ending Oct.
2004

Fiscal Year Ending Oct.
2003

Fiscal Year Ending Oct.
2002

Fiscal Year Ending Oct.
2001