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Form 990-PFTax year 2025EIN 42-6507733

Jepsen Trust

A private foundation in Storm Lake, IA. Its return for tax year 2025 lists 4 grants and $28,900 paid in grants.

See which foundations fund work like yours Matching by cause, place and grant size

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
Written request including scope of project, financial cost, and number of youth benefiting from the project.
Deadlines
None
Restrictions
Funds are distributed solely for the benefit of the youth of holstein, ia

Assets and giving by year

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

  • Tax year 2025

    $28,900

    Grants listed
    4
    Assets, end of year
    $558,821

  • Tax year 2024

    $23,800

    Grants listed
    5
    Assets, end of year
    $552,665

  • Tax year 2023

    $26,700

    Grants listed
    3
    Assets, end of year
    $542,344

  • Tax year 2022

    $31,690

    Grants listed
    5
    Assets, end of year
    $549,706

  • Tax year 2021

    $27,500

    Grants listed
    4
    Assets, end of year
    $555,549

  • Tax year 2020

    $27,700

    Grants listed
    4
    Assets, end of year
    $556,248

  • Tax year 2019

    $20,700

    Grants listed
    2
    Assets, end of year
    $561,784

  • Tax year 2018

    $34,950

    Grants listed
    4
    Assets, end of year
    $564,510

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. City of Holstein - ParkHolstein, IA

    City park reno and courts reno

    $17,500
  2. Individual

    [individual]

    $5,000
  3. City of Holstein - Ball FieldHolstein, IA

    Pitching equipment

    $3,600
  4. Stubbs Mem Library GrantHolstein, IA

    Summer reading program

    $2,800

Where the money goes

By State

Grants to organizations with a US address, latest year.

  1. Iowa3 grants $23,900

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 $6,815

The return

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