Trim Masters Charitable Foundation Inc

Danville, KY
Tax-exempt since April 1997
EIN: 61-1225606

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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: Youth Development N.E.C. (NTEE)

Donations to this organization are tax deductible.

Revenue

$89.1k (2025)

Expenses

$107k (2025)

Total Assets

$1.17M (2025)

Total Liabilities

$0 (2025)

Source: Form 990 tax filings from 2012 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

Revenue

$89,096

Expenses

$107,290

Net Income

-$18,194

Net Assets

$1,169,657

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$14,715	16.5%
Dividends	$30,562	34.3%
Sales of Assets	$43,819	49.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$99,821	93.0%
Compensation of Officers*	$11,631	10.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,169,657
Total Liabilities	$0
Net Assets	$1,169,657

Compensation

Key Employees and Officers	Compensation	Other
Dale Kihlman (President)	$11,631	$0
Steve Hesselbrock (Vice President)	$0	$0
Larry Carter (Director)	$0	$0
Julie Mullins (Director)	$0	$0
Scarlett Ingram (Secretary / Treasurer)	$0	$0
Lorrie Collier (Director)	$0	$0

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990-PF

Filed on Nov. 12, 2025

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

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Fiscal Year Ending June
2024

Revenue

$67,925

Expenses

$109,582

Net Income

-$41,657

Net Assets

$1,187,851

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$17,772	26.2%
Dividends	$30,392	44.7%
Sales of Assets	$19,761	29.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$102,262	93.3%
Compensation of Officers*	$11,631	10.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,187,851
Total Liabilities	$0
Net Assets	$1,187,851

Compensation

Key Employees and Officers	Compensation	Other
Dale Kihlman (President)	$11,631	$0
Steve Hesselbrock (Vice President)	$0	$0
Larry Carter (Director)	$0	$0
Julie Mullins (Director)	$0	$0
Scarlett Ingram (Secretary / Treasurer)	$0	$0
Lorrie Collier (Director)	$0	$0

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990-PF

Filed on Nov. 7, 2024

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

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XML

Fiscal Year Ending June
2023

Revenue

$86,249

Expenses

$99,957

Net Income

-$13,708

Net Assets

$1,229,508

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$15,065	17.5%
Dividends	$31,306	36.3%
Sales of Assets	$39,878	46.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$92,806	92.8%
Compensation of Officers*	$11,631	11.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,229,508
Total Liabilities	$0
Net Assets	$1,229,508

Compensation

Key Employees and Officers	Compensation	Other
Dale Kihlman (President)	$11,631	$0
Steve Hesselbrock (Vice President)	$0	$0
Larry Carter (Director)	$0	$0
Julie Mullins (Director)	$0	$0
Scarlett Ingram (Secretary / Treasurer)	$0	$0
Lorrie Collier (Director)	$0	$0

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990-PF

Filed on Oct. 16, 2023

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

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PDF XML

Fiscal Year Ending June
2022

Revenue

$82,662

Expenses

$90,038

Net Income

-$7,376

Net Assets

$1,243,216

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$14,818	17.9%
Dividends	$30,782	37.2%
Sales of Assets	$37,062	44.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$82,485	91.6%
Compensation of Officers*	$11,500	12.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,243,216
Total Liabilities	$0
Net Assets	$1,243,216

Compensation

Key Employees and Officers	Compensation	Other
Dale Kihlman (President)	$11,500	$0
Steve Hesselbrock (Vice President)	$0	$0
Larry Carter (Director)	$0	$0
Mike French (Director)	$0	$0
Scarlett Ingram (Secretary / Treasurer)	$0	$0
Lorrie Collier (Director)	$0	$0

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990-PF

Filed on Nov. 9, 2022

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

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Fiscal Year Ending June
2021

Revenue

$55,817

Expenses

$96,603

Net Income

-$40,786

Net Assets

$1,250,591

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$15,641	28.0%
Dividends	$26,914	48.2%
Sales of Assets	$13,262	23.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$88,270	91.4%
Compensation of Officers*	$11,468	11.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,250,592
Total Liabilities	$1
Net Assets	$1,250,591

Compensation

Key Employees and Officers	Compensation	Other
Dale Kihlman (President)	$11,468	$0
Steve Hesselbrock (Vice President)	$0	$0
Larry Carter (Director)	$0	$0
Mike French (Director)	$0	$0
Scarlett Ingram (Secretary / Treasurer)	$0	$0
Lorrie Collier (Director)	$0	$0

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990-PF

Filed on Oct. 14, 2021

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

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XML

Fiscal Year Ending June
2020

Revenue

$105,627

Expenses

$93,751

Net Income

$11,876

Net Assets

$1,291,377

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,000	0.9%
Interest Revenue	$17,412	16.5%
Dividends	$25,846	24.5%
Sales of Assets	$61,369	58.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$86,121	91.9%
Compensation of Officers*	$11,389	12.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,291,378
Total Liabilities	$1
Net Assets	$1,291,377

Compensation

Key Employees and Officers	Compensation	Other
Dale Kihlman (President)	$11,389	$0
Steve Hesselbrock (Vice President)	$0	$0
Larry Carter (Director)	$0	$0
Mike French (Director)	$0	$0
Scarlett Ingram (Secretary / Treasurer)	$0	$0
Lorrie Collier (Director)	$0	$0

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990-PF

Filed on Oct. 29, 2020

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

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Fiscal Year Ending June
2019

Revenue

$80,481

Expenses

$96,870

Net Income

-$16,389

Net Assets

$1,279,502

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$17,357	21.6%
Dividends	$26,127	32.5%
Sales of Assets	$36,997	46.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$89,776	92.7%
Compensation of Officers*	$11,148	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	$1,279,502
Total Liabilities	$0
Net Assets	$1,279,502

Compensation

Key Employees and Officers	Compensation	Other
Dale Kihlman (President)	$11,148	$0
Steve Hesselbrock (Vice President)	$0	$0
Larry Carter (Director)	$0	$0
Mike French (Director)	$0	$0
Scarlett Ingram (Secretary / Treasurer)	$0	$0
Lorrie Collier (Director)	$0	$0

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990-PF

Filed on Oct. 9, 2019

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

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Fiscal Year Ending June
2018

Revenue

$62,864

Expenses

$100,780

Net Income

-$37,916

Net Assets

$1,295,891

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$17,357	27.6%
Dividends	$24,887	39.6%
Sales of Assets	$20,620	32.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$93,173	92.5%
Compensation of Officers*	$11,099	11.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,295,891
Total Liabilities	$0
Net Assets	$1,295,891

Compensation

Key Employees and Officers	Compensation	Other
Dale Kihlman (President)	$11,099	$0
Steve Hesselbrock (Vice President)	$0	$0
Larry Carter (Director)	$0	$0
Mike French (Director)	$0	$0
Scarlett Ingram (Secretary / Treasurer)	$0	$0
Lorrie Collier (Director)	$0	$0

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990-PF

Filed on Nov. 13, 2018

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

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Fiscal Year Ending June
2017

Revenue

$58,640

Expenses

$102,822

Net Income

-$44,182

Net Assets

$1,333,807

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$17,314	29.5%
Dividends	$24,449	41.7%
Sales of Assets	$16,877	28.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$96,824	94.2%
Compensation of Officers*	$11,448	11.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,333,807
Total Liabilities	$0
Net Assets	$1,333,807

Compensation

Key Employees and Officers	Compensation	Other
Dale Kihlman (President)	$11,448	$0
Steve Hesselbrock (Vice President)	$0	$0
Larry Carter (Director)	$0	$0
Mike French (Director)	$0	$0
Scarlett Ingram (Secretary / Treasurer)	$0	$0

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990-PF

Filed on Nov. 10, 2017

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

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Fiscal Year Ending June
2016

Revenue

$59,050

Expenses

$116,370

Net Income

-$57,320

Net Assets

$1,377,989

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$16,084	27.2%
Dividends	$26,420	44.7%
Sales of Assets	$16,546	28.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$109,044	93.7%
Compensation of Officers*	$14,663	12.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,377,989
Total Liabilities	$0
Net Assets	$1,377,989

Compensation

Key Employees and Officers	Compensation	Other
Dale Kihlman (President)	$14,663	$0
Steve Hesselbrock (Vice President)	$0	$0
Larry Carter (Director)	$0	$0
Mike French (Director)	$0	$0
Scarlett Ingram (Secretary / Treasurer)	$0	$0
Rob Mitchell (Director Through July 2015)	$0	$0

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990-PF

Filed on Nov. 11, 2016

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

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Fiscal Year Ending June
2015

Revenue

$60,651

Expenses

$108,891

Net Income

-$48,240

Net Assets

$1,435,309

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,000	1.6%
Interest Revenue	$16,716	27.6%
Dividends	$28,277	46.6%
Sales of Assets	$14,658	24.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$102,768	94.4%
Compensation of Officers*	$11,448	10.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,435,309
Total Liabilities	$0
Net Assets	$1,435,309

Compensation

Key Employees and Officers	Compensation	Other
Dale Kihlman (President)	$11,448	$0
Steve Hesselbrock (Vice President)	$0	$0
Larry Carter (Director)	$0	$0
Mike French (Director)	$0	$0
Scarlett Ingram (Secretary / Treasurer)	$0	$0
Rob Mitchell (Director)	$0	$0

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990-PF

Filed on Nov. 10, 2015

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

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Fiscal Year Ending June
2014

Revenue

$4,224

Expenses

$196,513

Net Income

-$192,289

Net Assets

$1,483,549

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$624	14.8%
Dividends	$3,501	82.9%
Sales of Assets	$99	2.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$196,412	99.9%
Compensation of Officers*	$11,448	5.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,485,549
Total Liabilities	$2,000
Net Assets	$1,483,549

Compensation

Key Employees and Officers	Compensation	Other
Dale Kihlman (President)	$11,448	$0
Steve Hesselbrock (Vice President)	$0	$0
Larry Carter (Director)	$0	$0
Mike French (Director)	$0	$0
Scarlett Ingram (Secretary / Treasurer)	$0	$0
Haley Milholland (Director)	$0	$0

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990-PF

Filed on Nov. 14, 2014

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

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Fiscal Year Ending June
2013

Revenue

$4,243

Expenses

$238,672

Net Income

-$234,429

Net Assets

$1,675,838

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4,243	100%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$236,989	99.3%
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	$1,675,838
Total Liabilities	$0
Net Assets	$1,675,838

990-PF

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

PDF

Fiscal Year Ending June
2012

Revenue

$41,124

Expenses

$395,577

Net Income

-$354,453

Net Assets

$1,910,267

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$41,124	100%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$393,790	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	$1,910,267
Total Liabilities	$0
Net Assets	$1,910,267

990-PF

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

PDF

PDF (2 of 2)

Fiscal Year Ending June
2006

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

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Updated January 26, 2026

Trim Masters Charitable Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $89.1k (2025)

Expenses $107k (2025)

Total Assets $1.17M (2025)

Total Liabilities $0 (2025)

Tax Filings by Year

Fiscal Year Ending June 2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

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

Compensation

Document Links

Revenue

$89.1k (2025)

Expenses

$107k (2025)

Total Assets

$1.17M (2025)

Total Liabilities

$0 (2025)

Fiscal Year Ending June
2025

Fiscal Year Ending June
2024

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
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 Dec.
2002

Fiscal Year Ending June
2001