Form 990 for tax year 2025
Filed by PUBLIC BENEFIT HOLDING CORPORATION OF SPENCER IOWA.
Totals
- Total revenue
- $314,348
- Total expenses
- $410,741
- Contributions and grants received
- $0
- Grants paid
- $295,000
- Program service revenue
- $0
- Investment income
- $2,501
- Other revenue
- $311,847
- Total assets, end of year
- $2,219,923
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $2,219,923
- Program services expenses (Part IX)
- $403,299
- Management and general expenses
- $7,442
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $403,299
Program services were 98.2% 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 $2,501 · related or exempt $2,501
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
personal property $250
-
6c · Rental income or loss
personal property $250
-
6d · Net rental income or loss
total $250 · related or exempt $250
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: BEAN SALES
total $108,687 · related or exempt $108,687
-
11b · Other revenue: CORN SALES
total $103,709 · related or exempt $103,709
-
11c · Other revenue: DEFERRED PYMT
total $45,100 · related or exempt $45,100
-
11d · All other revenue
total $54,101 · related or exempt $54,101
-
11e · Other revenue, total
$311,597
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $295,000 · program services $295,000
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $785 · management and general $785
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $6,657 · management and general $6,657
-
23 · Insurance
total $0
-
24a · Other expenses: FERTILIZER
total $28,597 · program services $28,597
-
24b · Other expenses: SEED
total $26,387 · program services $26,387
-
24c · Other expenses: REAL ESTATE TAXES
total $15,445 · program services $15,445
-
24d · Other expenses: MANAGEMENT FEES
total $14,149 · program services $14,149
-
24e · All other expenses
total $23,721 · program services $23,721
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,012 · end of year $12,869
-
2 · Savings and temporary cash investments
beginning of year $28,360 · end of year $14,998
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
beginning of year $159,700 · end of year $143,469
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$1,704,049
-
10b · Land, buildings and equipment: accumulated depreciation
$145,462
-
10c · Land, buildings and equipment, net
beginning of year $1,565,244 · end of year $1,558,587
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $560,000 · end of year $490,000
-
29 · Capital stock, trust principal or current funds
beginning of year $2,316,316 · end of year $2,219,923
Mission and programs · 2025
Mission
BENEFIT THE SPENCER FAMILY YMCA
-
PUBLIC BENEFIT HOLDING CORP. OF SPENCER IA MANAGES FARMLAND FOR THE BENEFIT OF THE SPENCER FAMILY YMCA. THE EXCESS OF REVENUE OVER EXPENSES IS REMITTED TO THE YMCA TO BE USED FOR PROGRAM EXPENSES.
Expenses $403,299 · Revenue $311,598
As filed on the 2025 return.
Listed in Part VII
-
Roger EarlROGER EARL
Director
- Total calculated
- $0
- Hours/week
- 0
-
Steph EssickSTEPH ESSICK
Director
- Total calculated
- $0
- Hours/week
- 0
-
Ron BauermeisterRON BAUERMEISTER
Secretary/Treas
- Total calculated
- $0
- Hours/week
- 0
-
Kent ChristensenKENT CHRISTENSEN
President
- Total calculated
- $0
- Hours/week
- 0
-
Leonard LangnerLEONARD LANGNER
Director
- Total calculated
- $0
- Hours/week
- 0
-
Dale HodgesDALE HODGES
Director
- Total calculated
- $0
- Hours/week
- 0
-
Glenn RoghairGLENN ROGHAIR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Jerry ClausenJERRY CLAUSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Lee SeamanLEE SEAMAN
Director
- Total calculated
- $0
- Hours/week
- 0
-
John OlsonJOHN OLSON
Director
- Total calculated
- $0
- Hours/week
- 0
-
Randall AndersonRANDALL ANDERSON
Vice President
- Total calculated
- $0
- Hours/week
- 0
-
Norman NielsenNORMAN NIELSEN
Director
- Total calculated
- $0
- Hours/week
- 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
-
YOUNG MENS CHRISTIAN ASSOCIATION
$295,000
TO HELP MAINTAIN OPERATING BUDGET
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.
-
YOUNG MENS CHRISTIAN ASSOCIATION
501 (C)(3) · TO BENEFIT THE YOUTH AND ADULTS OF THE COMMUNITY · IA
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 28 February 2026
- IRS schema version
- 2025v4.0
- Source object
- 202640599349300804
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