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Form 990-PFTax year 2025EIN 42-6507732

Jepsen Educational Trust

A private foundation in Storm Lake, IA. Its return for tax year 2025 lists 4 grants and $4,000 paid in grants.

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Tax year 2025 (period ending Jun 30, 2026), read from the IRS e-file on Nov 11, 2026. Returns reach the IRS 5 to 18 months after the year they describe.

How to apply

Accepts applications

The return gives an application contact and rules, as below.

Contact
Citizens First National Bank
PO Box 1227
Storm Lake, IA 50588
(712) 732-5440
Form and materials
Information regarding applications may be obtained from the trustee, citizens 1st national bank, storm lake, iowa 50588.
Deadlines
Information regarding submission deadlines may be obtained from the trustee, citizens 1st national b
Restrictions
The jepsen educational trust makes available its annual net income to students graduating from the galva-holstein community school district or successor district, who submit application showing they are accepted and attending four-year accredited colleges within the united states. The trustee is directed to establish a committee of from three to five individuals from the school system and galva -holstein community. Such committee shall make decisions as to which applicants shall receive educational grants. The committee is directed to consider financial need and to make such grants to residents of the galva-holstein school district. Grants made by the trust are direct grants and are not to be repaid to the trust.

Assets and giving by year

8 returns on file
Grants paid by tax year. The latest year is in blue.

  • Tax year 2025

    $4,000

    Grants listed
    4
    Assets, end of year
    $105,950

  • Tax year 2024

    $4,000

    Grants listed
    4
    Assets, end of year
    $105,338

  • Tax year 2023

    $3,960

    Grants listed
    6
    Assets, end of year
    $106,317

  • Tax year 2022

    $5,100

    Grants listed
    3
    Assets, end of year
    $109,569

  • Tax year 2021

    $5,000

    Grants listed
    5
    Assets, end of year
    $112,944

  • Tax year 2020

    $5,000

    Grants listed
    4
    Assets, end of year
    $115,086

  • Tax year 2019

    $5,000

    Grants listed
    4
    Assets, end of year
    $117,974

  • Tax year 2018

    $5,000

    Grants listed
    5
    Assets, end of year
    $120,648

Grants paid in 2025

4 grants, largest first

As listed on the return. Grants to individuals show as “Individual”, with purpose and amount only.

  1. Individual

    Education

    $1,000
  2. Individual

    Education

    $1,000
  3. Individual

    Education

    $1,000
  4. Individual

    Education

    $1,000

Officers, directors and trustees

1 person as filed

As filed on the return, with average hours per week and pay from the foundation.

  • Citizens First National BankTRUSTEE Hours 1Pay $2,760

The return

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