Midwestone Bank Foundation

Iowa City, IA
Tax-exempt since Sept. 2002
EIN: 75-3023674

Receive an email when new data is available for this organization.

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: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$261k (2024)

Expenses

$210k (2024)

Total Assets

$3.88M (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

$260,690

Expenses

$210,179

Net Income

$50,511

Net Assets

$3,882,963

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$103,596	39.7%
Interest Revenue	$5,982	2.3%
Dividends	$149,440	57.3%
Sales of Assets	$1,672	0.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$208,255	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	$3,882,963
Total Liabilities	$0
Net Assets	$3,882,963

Compensation

Key Employees and Officers	Compensation	Other
Charles N Funk (President)	$0	$0
Chip Reeves (Vice President)	$0	$0
Matt Walter (Secretary/Treasurer)	$0	$0
Larry D Albert (Director)	$0	$0
Len Devaisher (Director)	$0	$0
Kevin Monson (Director)	$0	$0
Ruth E Stanoch (Director)	$0	$0
Elda Macias (Director)	$0	$0

+ View more people

990-PF

Filed on May 14, 2025

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$209,420

Expenses

$243,613

Net Income

-$34,193

Net Assets

$3,831,985

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$100,000	47.8%
Interest Revenue	$3,017	1.4%
Dividends	$138,092	65.9%
Sales of Assets	-$31,689
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$241,908	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	$3,831,985
Total Liabilities	$0
Net Assets	$3,831,985

Compensation

Key Employees and Officers	Compensation	Other
Charles N Funk (President)	$0	$0
Chip Reeves (Vice President)	$0	$0
Matt Walter (Secretary/Treasurer)	$0	$0
Larry D Albert (Director)	$0	$0
Len Devaisher (Director)	$0	$0
Peggy Hudson (Director)	$0	$0
Kevin Monson (Director)	$0	$0
Ruth E Stanoch (Director)	$0	$0

+ View more people

990-PF

Filed on May 7, 2024

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$401,897

Expenses

$239,542

Net Income

$162,355

Net Assets

$3,867,410

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$350,000	87.1%
Interest Revenue	$1,090	0.3%
Dividends	$125,759	31.3%
Sales of Assets	-$74,952
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$228,067	95.2%
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	$3,867,410
Total Liabilities	$0
Net Assets	$3,867,410

Compensation

Key Employees and Officers	Compensation	Other
Charles N Funk (President)	$0	$0
Chip Reeves (Vice President)	$0	$0
Matt Walter (Secretary/Treasurer)	$0	$0
Larry D Albert (Director)	$0	$0
Len Devaisher (Director)	$0	$0
Peggy Hudson (Director)	$0	$0
Kevin Monson (President (Until 12/22), Director)	$0	$0
Ruth E Stanoch (Director)	$0	$0

+ View more people

990-PF

Filed on May 11, 2023

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$519,268

Expenses

$218,878

Net Income

$300,390

Net Assets

$3,706,550

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$100,000	19.3%
Interest Revenue	$28	0.0%
Dividends	$106,366	20.5%
Sales of Assets	$312,874	60.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$215,638	98.5%
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	$3,706,550
Total Liabilities	$0
Net Assets	$3,706,550

Compensation

Key Employees and Officers	Compensation	Other
Kevin W Monson (President)	$0	$0
Charles N Funk (Vice President)	$0	$0
Matt Walter (Secretary/Treasurer)	$0	$0
Larry D Albert (Director)	$0	$0
Len Devaisher (Director)	$0	$0
Peggy Hudson (Director)	$0	$0
Ruth E Stanoch (Director)	$0	$0
Kurt R Weise (Director (Until 6/23/21))	$0	$0

+ View more people

990-PF

Filed on May 13, 2022

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$224,010

Expenses

$182,904

Net Income

$41,106

Net Assets

$3,406,513

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$100,000	44.6%
Interest Revenue	$436	0.2%
Dividends	$102,766	45.9%
Sales of Assets	$20,808	9.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$179,600	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	$3,406,514
Total Liabilities	$1
Net Assets	$3,406,513

Compensation

Key Employees and Officers	Compensation	Other
Kevin W Monson (President)	$0	$0
Charles N Funk (Vice President)	$0	$0
Matt Walter (Secretary/Treasurer)	$0	$0
Peggy Hudson (Director)	$0	$0
Larry D Albert (Director)	$0	$0
Ruth E Stanoch (Director)	$0	$0
Kurt R Weise (Director)	$0	$0
Len Devaisher (Director As Of 9/25/20)	$0	$0

+ View more people

990-PF

Filed on May 10, 2021

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$1,027,693

Expenses

$194,949

Net Income

$832,744

Net Assets

$3,364,120

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$850,000	82.7%
Interest Revenue	$2,304	0.2%
Dividends	$108,543	10.6%
Sales of Assets	$66,846	6.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$194,061	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	$3,364,121
Total Liabilities	$1
Net Assets	$3,364,120

Compensation

Key Employees and Officers	Compensation	Other
Kevin W Monson (President)	$0	$0
Charles N Funk (Vice President)	$0	$0
Matt Walter (Secretary/Treasurer As Of 9.19.2019)	$0	$0
Peggy Hudson (Director As Of 6.14.2019)	$0	$0
Larry D Albert (Director)	$0	$0
Ruth E Stanoch (Director)	$0	$0
Kurt R Weise (Director)	$0	$0
Kevin Kramer (Director Until 6.14.2019)	$0	$0
Amy Hospodarsky (Secretary/Treasurer Until 9.19.2019)	$0	$0

+ View more people

990-PF

Filed on May 19, 2020

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$259,358

Expenses

$143,602

Net Income

$115,756

Net Assets

$2,532,981

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$150,000	57.8%
Interest Revenue	$688	0.3%
Dividends	$81,431	31.4%
Sales of Assets	$27,239	10.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$140,438	97.8%
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	$2,532,981
Total Liabilities	$0
Net Assets	$2,532,981

Compensation

Key Employees and Officers	Compensation	Other
Kevin W Monson (President)	$0	$0
Charles N Funk (Vice President)	$0	$0
Amy L Hospodarsky (Secretary And Treasurer)	$0	$0
Kevin E Kramer (Director)	$0	$0
Larry D Albert (Director)	$0	$0
Ruth E Stanoch (Director)	$0	$0
Kurt R Weise (Director)	$0	$0

+ View more people

990-PF

Filed on May 14, 2019

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$203,043

Expenses

$130,609

Net Income

$72,434

Net Assets

$2,417,876

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$100,000	49.3%
Interest Revenue	$139	0.1%
Dividends	$72,994	36.0%
Sales of Assets	$29,892	14.7%
Other Income	$18	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$128,903	98.7%
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	$2,417,876
Total Liabilities	$0
Net Assets	$2,417,876

Compensation

Key Employees and Officers	Compensation	Other
Kevin W Monson (President)	$0	$0
Charles N Funk (Vice President)	$0	$0
Amy L Hospodarsky (Secretary And Treasurer)	$0	$0
Kevin E Kramer (Director)	$0	$0
Larry D Albert (Director)	$0	$0
Ruth E Stanoch (Director)	$0	$0
Kurt R Weise (Director)	$0	$0

+ View more people

990-PF

Filed on Oct. 25, 2018

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2016

Revenue

$115,485

Expenses

$123,644

Net Income

-$8,159

Net Assets

$2,345,537

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$50,000	43.3%
Interest Revenue	$116	0.1%
Dividends	$72,335	62.6%
Sales of Assets	-$6,966
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$121,092	97.9%
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	$2,345,537
Total Liabilities	$0
Net Assets	$2,345,537

Compensation

Key Employees and Officers	Compensation	Other
Kevin W Monson (President)	$0	$0
Charles N Funk (Vice President)	$0	$0
Nicholas D Pfeiffer (Secretary And Treasurer)	$0	$0
Susan R Evans (Director)	$0	$0
Larry D Albert (Director)	$0	$0
Ruth E Stanoch (Director)	$0	$0
Kurt R Weise (Director)	$0	$0

+ View more people

990-PF

Filed on May 18, 2017

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$1,102,877

Expenses

$112,991

Net Income

$989,886

Net Assets

$2,353,446

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,000,000	90.7%
Interest Revenue	$61	0.0%
Dividends	$65,940	6.0%
Sales of Assets	$36,876	3.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$107,963	95.6%
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	$2,353,446
Total Liabilities	$0
Net Assets	$2,353,446

Compensation

Key Employees and Officers	Compensation	Other
Kevin W Monson (President)	$0	$0
Charles N Funk (Vice President)	$0	$0
Nicholas D Pfeiffer (Secretary And Treasurer)	$0	$0
Susan R Evans (Director)	$0	$0
Larry D Albert (Director)	$0	$0
Ruth E Stanoch (Director)	$0	$0
Kurt R Weise (Director)	$0	$0

+ View more people

990-PF

Filed on May 23, 2016

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$158,689

Expenses

$71,190

Net Income

$87,499

Net Assets

$1,361,080

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$50,000	31.5%
Interest Revenue	$22	0.0%
Dividends	$40,529	25.5%
Sales of Assets	$68,138	42.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$70,108	98.5%
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	$1,361,080
Total Liabilities	$0
Net Assets	$1,361,080

Compensation

Key Employees and Officers	Compensation	Other
Kevin W Monson (President)	$0	$0
Charles N Funk (Vice President)	$0	$0
Nicholas D Pfeiffer (Secretary And Treasurer)	$0	$0
Susan R Evans (Director)	$0	$0
John P Pothoven (Director)	$0	$0
Barbara J Kniff Mcculla (Director)	$0	$0

+ View more people

990-PF

Filed on July 2, 2015

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$97,810

Expenses

$74,017

Net Income

$23,793

Net Assets

$1,273,804

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$50,000	51.1%
Interest Revenue	$14	0.0%
Dividends	$35,609	36.4%
Sales of Assets	$12,187	12.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$73,246	99.0%
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	$1,273,804
Total Liabilities	$0
Net Assets	$1,273,804

Compensation

Key Employees and Officers	Compensation	Other
Kevin W Monson (President)	$0	$0
Charles N Funk (Vice President)	$0	$0
Nicholas D Pfeiffer (Secretary And Treasurer)	$0	$0
Susan R Evans (Director)	$0	$0
John P Pothoven (Director)	$0	$0
Barbara J Kniff Mcculla (Director)	$0	$0

+ View more people

990-PF

Filed on May 15, 2014

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$114,845

Expenses

$71,676

Net Income

$43,169

Net Assets

$1,249,823

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$50,000	43.5%
Interest Revenue	$16	0.0%
Dividends	$41,330	36.0%
Sales of Assets	$23,499	20.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$69,984	97.6%
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	$1,249,824
Total Liabilities	$1
Net Assets	$1,249,823

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$125,664

Expenses

$70,002

Net Income

$55,662

Net Assets

$1,206,654

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$75,000	59.7%
Interest Revenue	$37	0.0%
Dividends	$36,775	29.3%
Sales of Assets	$13,852	11.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$68,723	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	$1,206,655
Total Liabilities	$1
Net Assets	$1,206,654

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.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

See an issue with the data?

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.

Updated January 26, 2026

Midwestone Bank Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $261k (2024)

Expenses $210k (2024)

Total Assets $3.88M (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

$261k (2024)

Expenses

$210k (2024)

Total Assets

$3.88M (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.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001