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Nonprofiteer
← JACK R VOLLERTSEN TRUST

Form 990 for tax year 2024

Filed by JACK R VOLLERTSEN TRUST.

Totals

Total revenue
$167,932
Total expenses
$163,293
Contributions and grants received
$0
Grants paid
$115,642
Program service revenue
$0
Investment income
$164,422
Other revenue
$3,510
Total assets, end of year
$2,952,407
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,952,407
Program services expenses (Part IX)
$115,642
Management and general expenses
$47,651
Fundraising expenses
$0
Program service expenses (Part III)
$115,642

Program services were 70.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $108,979 · excluded $108,979

  • 7a · Gross sales of assets other than inventory

    securities $201,290

  • 7b · Less cost or other basis and sales expenses

    securities $145,847

  • 7c · Gain or loss

    securities $55,443

  • 7d · Net gain or loss

    total $55,443 · excluded $55,443

  • 11a · Other revenue: OTHER INCOME

    total $157 · excluded $157

  • 11b · Other revenue: REFUND OF PRIOR PERIOD FEES

    total $3,353 · excluded $3,353

  • 11e · Other revenue, total

    $3,510

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $115,642 · program services $115,642

  • 11c · Fees: accounting

    total $750 · management and general $750

  • 11f · Fees: investment management

    total $43,930 · management and general $43,930

  • 24a · Other expenses: Foreign Tax Paid

    total $2,971 · management and general $2,971

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $180,157 · end of year $170,652

  • 11 · Investments: publicly traded securities

    beginning of year $2,768,234 · end of year $2,781,073

  • 15 · Other assets

    beginning of year $699 · end of year $682

  • 29 · Capital stock, trust principal or current funds

    beginning of year $2,948,390 · end of year $2,952,406

  • 31 · Retained earnings, endowment or other funds

    beginning of year $700 · end of year $1

Mission and programs · 2024

Mission

SUPPORT OF THE UNIVERSITY OF IOWA, IOWA CITY, IA FOR THE JACK R. VOLLERTSEN SCHOLARSHIP PROGRAM.

  • TO AWARD SCHOLARSHIPS TO STUDENTS ENROLLED IN THE COLLEGE OF LAW AT THE UNIVERSITY OF IOWA.

    Expenses $115,642 · Grants $115,642

As filed on the 2024 return.

Listed in Part VII

  • JANICE ELLIG

    CHAIR

    Total calculated
    $0

  • KATHY DORE

    VICE CHAIR

    Total calculated
    $0

  • UNIVERSITY OF IOWA FOUNDATION

    TRUSTEE

    Total calculated
    $0

  • SHERRI P FURMAN

    CFO & TREASURER

    Total calculated
    $0

  • LYNETTE L MARSHALL

    PRESIDENT

    Total calculated
    $0

  • DIANE K BROWNLEE

    SECRETARY

    Total calculated
    $0

  • TIFFANI K SHAW

    VICE PRESIDENT & ASSISTANT SECRETARY

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • STATE UNIVERSITY OF IOWA FOUNDATION

    $115,642

    TO SUPPORT THE JACK R. VOLLERTSEN SCHOLARSHIP PROGRAM WHICH GIVES SCHOLARSHIPS TO STUDENTS ENROLLED IN THE COLLEGE OF LAW AT THE UNIVERSITY OF IOWA.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
29 April 2025
IRS schema version
2024v5.1
Source object
202512909349300621

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