Civic Intelligence

Blanche Johnson Trust Midwestone Bank Trustee

990 • Fiscal year 2020 • EIN 42-6613277

Jan 01, 2020 to Dec 31, 2020 • Filed on Mar 01, 2021

Organization ProfileN/A
PO Box 1700Iowa City, IA 52244-1700

(319) 248-5146

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

17th percentile

0.00x

Higher debt load relative to assets than 17% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

20th percentile

0.01x

Higher debt load relative to revenue than 20% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

13th percentile

-25%

Higher net margin than 13% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

43rd percentile

$35,797

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 16.9% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

24th percentile

-2.2%

Faster asset growth than 24% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

26th percentile

-17%

Faster revenue growth than 26% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets17th percentile

Assets

Down

$2,378,185

Down $53,447 (-2.2%) from 2019

Net Assets

Down

$2,376,933

Down $53,448 (-2.2%) from 2019

Liabilities

Up

$1,252

Up $1 (+0.1%) from 2019

Revenue And Expenses
Liabilities / Revenue20th percentileNet Margin13th percentile

Revenue

Down

$212,156

Down $42,945 (-17%) from 2019

Expenses

Up

$265,604

Up $34,944 (+15%) from 2019

Net Income

Down

-$53,448

Down $77,889 (-319%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2010: $2,445,747Liabilities 2010: $0Net Assets 2010: $2,445,7472010Assets 2012: $2,472,061Liabilities 2012: $0Net Assets 2012: $2,472,0612012Assets 2013: $2,465,696Liabilities 2013: $0Net Assets 2013: $2,465,6962013Assets 2014: $2,509,006Liabilities 2014: $1,750Net Assets 2014: $2,507,2562014Assets 2015: $2,490,460Liabilities 2015: $1,247Net Assets 2015: $2,489,2132015Assets 2016: $2,429,458Liabilities 2016: $1,249Net Assets 2016: $2,428,2092016Assets 2017: $2,418,071Liabilities 2017: $1,250Net Assets 2017: $2,416,8212017Assets 2018: $2,407,190Liabilities 2018: $1,250Net Assets 2018: $2,405,9402018Assets 2019: $2,431,632Liabilities 2019: $1,251Net Assets 2019: $2,430,3812019Assets 2020: $2,378,185Liabilities 2020: $1,252Net Assets 2020: $2,376,9332020Assets 2021: $2,356,095Liabilities 2021: $1,252Net Assets 2021: $2,354,8432021Assets 2022: $2,319,618Liabilities 2022: $1,251Net Assets 2022: $2,318,3672022Assets 2023: $2,287,471Liabilities 2023: $1,252Net Assets 2023: $2,286,2192023Assets 2024: $2,262,475Liabilities 2024: $1,253Net Assets 2024: $2,261,2222024

Highlighted filing

2020

Assets$2,378,185
Liabilities$1,252
Net Assets$2,376,933
Open 2020 Filing

Operations Trend

Revenue Growth26th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KExpenses 2010: $231,1722010Revenue 2012: $205,233Expenses 2012: $181,642Net Income 2012: $23,5912012Revenue 2013: $210,650Expenses 2013: $217,015Net Income 2013: -$6,3652013Revenue 2014: $260,386Expenses 2014: $217,226Net Income 2014: $43,1602014Revenue 2015: $229,660Expenses 2015: $247,703Net Income 2015: -$18,0432015Revenue 2016: $185,418Expenses 2016: $246,422Net Income 2016: -$61,0042016Revenue 2017: $228,355Expenses 2017: $239,743Net Income 2017: -$11,3882017Revenue 2018: $206,512Expenses 2018: $217,393Net Income 2018: -$10,8812018Revenue 2019: $255,101Expenses 2019: $230,660Net Income 2019: $24,4412019Revenue 2020: $212,156Expenses 2020: $265,604Net Income 2020: -$53,4482020Revenue 2021: $232,977Expenses 2021: $255,067Net Income 2021: -$22,0902021Revenue 2022: $197,049Expenses 2022: $233,525Net Income 2022: -$36,4762022Revenue 2023: $220,709Expenses 2023: $252,857Net Income 2023: -$32,1482023Revenue 2024: $256,597Expenses 2024: $281,594Net Income 2024: -$24,9972024

Highlighted filing

2020

Revenue$212,156
Expenses$265,604
Net Income-$53,448
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Mar 1, 2021
Return Version
2020v4.0
Gross Receipts
$396,314
Mission and Program Overview

Mission

Support william penn university.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,430,381$2,376,933▼ $53,448
Land, Buildings, and Equipment, Net$1,372,430$1,363,678▼ $8,752
Investments in Publicly Traded Securities$766,080$769,217▲ $3,137
Savings and Temporary Cash Investments$293,122$245,290▼ $47,832
Total Assets$2,431,632$2,378,185▼ $53,447
Liabilities
Accounts Payable and Accrued Expenses$1,251$1,252▲ $1
Total Liabilities$1,251$1,252▲ $1
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,430,381$2,376,933▼ $53,448
Total Liabilities and Net Assets / Fund Balance$2,431,632$2,378,185▼ $53,447

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,290,418-$1,290,418
Buildings$58,900$149,789$208,689
Leasehold Improvements$14,360$51,227$65,587
Compensation and Service Providers
Top Officer Pay43rd percentile

Employees

NameTitleBaseTotal
-Trustee$35,797$35,797
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$28,392
Other Revenue
$183,764
Change in Net Assets
$-53,448
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$234,945
Other Expenses$24,440
Salaries, Compensation, and Employee Benefits$6,219
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$234,945--$234,945
Fees for Services Management-$13,995-$13,995
Fees for Services Legal-$6,517-$6,517
Current Officers, Directors, Trustees, and Key Employees-$6,219-$6,219
Fees for Service Investment Mgmnt Fees-$2,073-$2,073
Fees for Services Accounting-$1,855-$1,855
Total Functional Expenses$234,945$30,659$0$265,604
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
William Penn UniversityOskaloosa, IA501c3Annual Distribution$234,945
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Draft of from 990 is reviewed by sandra morrow, vice president of trust services for midwestone bank, the institutional trustee. A copy of form 990 will also be provided to the beneficiary this organization supports.”

Form 990, Page 6, Part VI, Line 12C

“Midwestone bank, the institutional trustee, has a conflict of interest policy in place for all entities they manage. All conflicts are monitored through their policies and procedures.”

Form 990, Page 6, Part VI, Line 15A

“Fees for the institutional trustee are computed per fixed schedule applied to all entities they manage. These fees are also approved by the iowa district court and the supported organizations before payment.”

Form 990, Page 6, Part VI, Line 19

“The institutional trustees policies and procedures would be available upon request. The governing documents are filed with the iowa district court on an annual basis. These are public records.”

Filing and Contact Details

Filer

Filer Name
Blanche Johnson Trust
EIN
42-6613277
Phone
3192485146
Address
PO BOX 1700, IOWA CITY, IA 52244-1700

Signing Officer

Name
Midwestone Bank
Title
Trustee
Phone
3192485146
Signed
2021-03-01
Discuss with paid preparer
Yes

Organization Details

Formed
2000
Legal Domicile
Ia
Voting Board Members
1
Independent Board Members
0
Employees
0

Preparer

Firm
Tdt Cpas and Advisors Pc
Address
317 HIGH AVE E, OSKALOOSA, IA 52577-2823
Preparer
Darcee M Ayers CPA
Phone
6416722523
Raw XML AppendixShowing 400 of 424 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01251
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01252
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0SUPPORT WILLIAM PENN UNIVERSITY.
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MIDWESTONE BANK TRUSTEE
IRS990/BooksInCareOfDetail/PhoneNum03192485146
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 1700
IRS990/BooksInCareOfDetail/USAddress/CityNm0IOWA CITY
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd052244
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt06219
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt06219
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt0234945
IRS990/CYInvestmentIncomeAmt028392
IRS990/CYOtherExpensesAmt024440
IRS990/CYOtherRevenueAmt0183764
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-53448
IRS990/CYSalariesCompEmpBnftPaidAmt06219
IRS990/CYTotalExpensesAmt0265604
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0212156
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0DISTRIBUTED ALL FARM AND INVESTMENT INCOME TO WILLIAM PENN UNIVERSITY.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0234945
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt01855
IRS990/FeesForServicesAccountingGrp/TotalAmt01855
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt06517
IRS990/FeesForServicesLegalGrp/TotalAmt06517
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt013995
IRS990/FeesForServicesManagementGrp/TotalAmt013995
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt02073
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt02073
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt04.00
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt0MIDWESTONE BANK
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt035797
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02000
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt03370
IRS990/GainOrLossGrp/SecuritiesAmt0978
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt01
IRS990/GrantAmt0234945
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0234945
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0234945
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt03370
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt073072
IRS990/GrossReceiptsAmt0396314
IRS990/GrossRentsGrp/RealAmt0295828
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt024044
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt024044
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0766080
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0769217
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0201016
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01372430
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01363678
IRS990/LandBldgEquipCostOrOtherBssAmt01564694
IRS990/LegalDomicileStateCd0IA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt072094
IRS990/LessRentalExpensesGrp/RealAmt0112064
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0SUPPORT WILLIAM PENN UNIVERSITY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt02430381
IRS990/NetAssetsOrFundBalancesEOYAmt02376933
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt04348
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt04348
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0183764
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0183764
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0MIDWESTONE BANK
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0214709
IRS990/PYInvestmentIncomeAmt062467
IRS990/PYOtherExpensesAmt09850
IRS990/PYOtherRevenueAmt0192634
IRS990/PYRevenuesLessExpensesAmt024441
IRS990/PYSalariesCompEmpBnftPaidAmt06101
IRS990/PYTotalExpensesAmt0230660
IRS990/PYTotalRevenueAmt0255101
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-53448
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0183764
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02430381
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02376933
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0293122
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0245290
IRS990ScheduleA/AdjustedNetIncomeGrp/AdjustedGrossIncomeGrp/CurrentYearAmt0188113
IRS990ScheduleA/AdjustedNetIncomeGrp/AdjustedGrossIncomeGrp/PriorYearAmt0224579
IRS990ScheduleA/AdjustedNetIncomeGrp/DepreciationDepletionGrp/CurrentYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/DepreciationDepletionGrp/PriorYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/NetSTCapitalGainAdjNetIncmGrp/PriorYearAmt0213
IRS990ScheduleA/AdjustedNetIncomeGrp/OtherExpensesGrp/CurrentYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/OtherExpensesGrp/PriorYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/OtherGrossIncomeGrp/CurrentYearAmt0188113
IRS990ScheduleA/AdjustedNetIncomeGrp/OtherGrossIncomeGrp/PriorYearAmt0224366
IRS990ScheduleA/AdjustedNetIncomeGrp/ProductionIncomeGrp/CurrentYearAmt030659
IRS990ScheduleA/AdjustedNetIncomeGrp/ProductionIncomeGrp/PriorYearAmt015951
IRS990ScheduleA/AdjustedNetIncomeGrp/RecoveriesPYDistributionsGrp/CurrentYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/RecoveriesPYDistributionsGrp/PriorYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/TotalAdjustedNetIncomeGrp/CurrentYearAmt0157454
IRS990ScheduleA/AdjustedNetIncomeGrp/TotalAdjustedNetIncomeGrp/PriorYearAmt0208628
IRS990ScheduleA/DistributableAmountGrp/CYAdjNetIncomeDistributableAmt0208628
IRS990ScheduleA/DistributableAmountGrp/CYDistributableAsAdjustedAmt0214258
IRS990ScheduleA/DistributableAmountGrp/CYGreaterAdjustedMinimumAmt0214258
IRS990ScheduleA/DistributableAmountGrp/CYIncomeTaxImposedPYAmt00
IRS990ScheduleA/DistributableAmountGrp/CYPct85AdjustedNetIncomeAmt0177334
IRS990ScheduleA/DistributableAmountGrp/CYTotalMinAstDistributableAmt0214258
IRS990ScheduleA/DistributionAllocationsGrp/CarryoverPYNotAppliedAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CYDistribAppUnderdistriPYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CYDistributableAsAdjustedAmt0214258
IRS990ScheduleA/DistributionAllocationsGrp/CyovAppliedUnderdistrCPYAmt0214258
IRS990ScheduleA/DistributionAllocationsGrp/CyovAppliedUnderdistriPYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CYTotalAnnualDistributionsAmt0265604
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionAmt0265604
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovAmt05941
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr1Amt0220199
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr2Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr3Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr4Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr5Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistriCyovToNextYrAmt0271545
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear1Amt0265604
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear2Amt05941
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear3Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear4Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear5Amt00
IRS990ScheduleA/DistributionAllocationsGrp/RemainingUnderdistriCYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/RemainingUnderdistriPYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/TotalExcessDistributionCyovAmt0220199
IRS990ScheduleA/DistributionAllocationsGrp/UnderdistributionsAmt00
IRS990ScheduleA/DistributionsGrp/CYAdministrativeExpensePaidAmt030659
IRS990ScheduleA/DistributionsGrp/CYDistriAttentiveSuprtOrgAmt0234945
IRS990ScheduleA/DistributionsGrp/CYDistributableAsAdjustedAmt0214258
IRS990ScheduleA/DistributionsGrp/CYDistributionYrRt01.000000000000
IRS990ScheduleA/DistributionsGrp/CYOtherDistributionsAmt00
IRS990ScheduleA/DistributionsGrp/CYPaidAccomplishExemptPrpsAmt0234945
IRS990ScheduleA/DistributionsGrp/CYPdInExcessIncomeActivityAmt00
IRS990ScheduleA/DistributionsGrp/CYTotalAnnualDistributionsAmt0265604
IRS990ScheduleA/DistributionsGrp/ExemptUseAssetsAcquisPaidAmt00
IRS990ScheduleA/DistributionsGrp/QualifiedSetAsideAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd0false
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd0true
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0SUPPORTED ORGANIZATION IS PROVIDED QUARTERLY FINANCIAL STATEMENTS FOLLOWED BY PERIODIC COMMUNICATION REGARDING TRUST ACTIVITY. ANNUALLY THE SUPPORTED ORGANIZAITON MEETS WITH THE TRUSTEE OF THE SUPPORTING ORGANIZATION TO REVIEW FARM MARKET TRENDS AND HOW THEY ARE IMPACTING RENTAL INCOME RATES. RENTAL INCOME IS THE MAJORITY OF THE INCOME GENERATED BY THE SUPPORTING ORGANIZATION. THE SUPPORTED ORGANIZATION'S AUDITORS ALSO CONTACT THE SUPPORTING ORGANIZATION TO TEST INVESTMENTS AND CONTROLS EXISTING BETWEEN THE TWO ORGANIZATIONS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE SUPPORTED ORGANIZATION'S BOARD HAS THE POWER TO INFLUENCE INVESTMENT MIX INCLUDING THE INVESTMENT PORTFOLIO WHICH IS CURRENTLY 80% FIXED INCOME AND 20% EQUITY PER THE 2018 REPORT PROVIDED TO THE SUPPORTED ORGANIZATION. RENTAL REAL ESTATE LEASES ARE ALSO PROVIDED AND APPROVED BY THE SUPPORTED ORGANIZATION. THE SUPPORTED ORGANIZATION RELYS ON THE DISTRIBUTIONS FROM THE TRUST TO FUND SCHOLARSHIPS WHICH ARE SPECIFICALLY PROVIDED FOR IN THE SUPPORTING ORGANIZATION'S BUDGET.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2THE OTHER NON-EXEMPT USE ASSETS IS FARMLAND. PER THE TERMS OF THE TRUST AGREEMENT, THE FARMLAND MAY NOT EVER BE SOLD. CONSEQUENTLY, AN APPRAISAL OF THE FARMLAND BASED ON COMPRABLE SALES SEEMS OVERSTATED. MARKET VALUE HAS BEEN CALCULATED BASED ON PRESENT VALUE OF NET CASH FLOW FROM THE FARMING ACTIVITY. THE CALCULATION RESULTED IN A 2020 DISCOUNT OF 1,360,140.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt3DISTRIBUTIONS TO COLLEGE NAMED IN THE ORGANIZATIONAL DOCUMENTS WHO RELY ON THE CONTRIBUTION TO FUND THEIR SCHOLARSHIP PROGRAM. THE SCHOLARSHIP AND ESTIMATED REVENUES ARE INCLUDED IN THE COLLEGE ANNUAL BUDGET.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION D, LINE 2
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION D, LINE 3
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2PART V, SECTION B, LINE 1E
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc3PART V, SECTION D, LINE 8
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/MinimumAssetAmountGrp/AcquisitionIndebtednessGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AcquisitionIndebtednessGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AdjustedFMVLessIndebtednessGrp/CurrentYearAmt05905996
IRS990ScheduleA/MinimumAssetAmountGrp/AdjustedFMVLessIndebtednessGrp/PriorYearAmt06214891
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyCashBalancesGrp/CurrentYearAmt0127296
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyCashBalancesGrp/PriorYearAmt0138237
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/CurrentYearAmt0778700
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/PriorYearAmt0776654
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/CurrentYearAmt088590
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/PriorYearAmt093223
IRS990ScheduleA/MinimumAssetAmountGrp/DiscountClaimedAmt01360140
IRS990ScheduleA/MinimumAssetAmountGrp/FMVOtherNonExemptUseAssetGrp/CurrentYearAmt05000000
IRS990ScheduleA/MinimumAssetAmountGrp/FMVOtherNonExemptUseAssetGrp/PriorYearAmt05300000
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/CurrentYearAmt05817406
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/PriorYearAmt06121668
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/CurrentYearAmt0203609
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/PriorYearAmt0214258
IRS990ScheduleA/MinimumAssetAmountGrp/RecoveriesPYDistriMinAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/CurrentYearAmt05905996
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/PriorYearAmt06214891
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/CurrentYearAmt0203609
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/PriorYearAmt0214258
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0420707120
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0234945
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0WILLIAM PENN UNIVERSITY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3NonFuncInd0X
IRS990ScheduleA/SupportSumAmt0234945
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt058900
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0149789
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0208689
IRS990ScheduleD/LandGrp/BookValueAmt01290418
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01290418
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt014360
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt051227
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt065587
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01363678
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0234945
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0ANNUAL DISTRIBUTION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0WILLIAM PENN UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientEIN0420707120
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0NORTH MARKET TRUEBLOOD AVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0OSKALOOSA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd052577
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0TRUST DOCUMENT REQUIRES NET INCOME BE DISTRIBUTED TO THIS CHARITY FOR SCHOLARSHIP OR OTHER PURPOSES. TRUSTEE DOES MEET WITH CHARITY PERIODICALLY TO REVIEW THE TRUST ADMINISTRATION WITH THE SUPPORTED ORGANIZATION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DRAFT OF FROM 990 IS REVIEWED BY SANDRA MORROW, VICE PRESIDENT OF TRUST SERVICES FOR MIDWESTONE BANK, THE INSTITUTIONAL TRUSTEE. A COPY OF FORM 990 WILL ALSO BE PROVIDED TO THE BENEFICIARY THIS ORGANIZATION SUPPORTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MIDWESTONE BANK, THE INSTITUTIONAL TRUSTEE, HAS A CONFLICT OF INTEREST POLICY IN PLACE FOR ALL ENTITIES THEY MANAGE. ALL CONFLICTS ARE MONITORED THROUGH THEIR POLICIES AND PROCEDURES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FEES FOR THE INSTITUTIONAL TRUSTEE ARE COMPUTED PER FIXED SCHEDULE APPLIED TO ALL ENTITIES THEY MANAGE. THESE FEES ARE ALSO APPROVED BY THE IOWA DISTRICT COURT AND THE SUPPORTED ORGANIZATIONS BEFORE PAYMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE INSTITUTIONAL TRUSTEES POLICIES AND PROCEDURES WOULD BE AVAILABLE UPON REQUEST. THE GOVERNING DOCUMENTS ARE FILED WITH THE IOWA DISTRICT COURT ON AN ANNUAL BASIS. THESE ARE PUBLIC RECORDS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0WILLIAM PENN UNIVERSITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0420707120
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0COLLEGE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt02
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0NORTH MARKET TRUEBLOOD AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0OSKALOOSA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd052577
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0234945
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0WILLIAM PENN UNIVERSITY
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02431632
IRS990/TotalAssetsEOYAmt02378185
IRS990/TotalAssetsGrp/BOYAmt02431632
IRS990/TotalAssetsGrp/EOYAmt02378185
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt030659
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0234945
IRS990/TotalFunctionalExpensesGrp/TotalAmt0265604
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01251
IRS990/TotalLiabilitiesEOYAmt01252
IRS990/TotalLiabilitiesGrp/BOYAmt01251
IRS990/TotalLiabilitiesGrp/EOYAmt01252
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02430381
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02376933
IRS990/TotalProgramServiceExpensesAmt0234945
IRS990/TotalReportableCompFromOrgAmt035797
IRS990/TotalRevenueGrp/ExclusionAmt0212156
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0212156
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02431632
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02378185
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 1700
IRS990/USAddress/CityNm0IOWA CITY
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd052244
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt00
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MIDWESTONE BANK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum03192485146
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-03-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BLANCHE JOHNSON TRUST

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,378,185
Liabilities
$1,252
Net assets
$2,376,933
Revenue
$212,156
Expenses
$265,604
Net income
-$53,448
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.26$0.00$2.26$0.26$0.28$0.02
2023Detailed filing. Detailed filing data is available for this year.$2.29$0.00$2.29$0.22$0.25$0.03
2022Detailed filing. Detailed filing data is available for this year.$2.32$0.00$2.32$0.20$0.23$0.04
2021Detailed filing. Detailed filing data is available for this year.$2.36$0.00$2.35$0.23$0.26$0.02
2020Detailed filing. Detailed filing data is available for this year.$2.38$0.00$2.38$0.21$0.27$0.05
2019Detailed filing. Detailed filing data is available for this year.$2.43$0.00$2.43$0.26$0.23$0.02
2018Detailed filing. Detailed filing data is available for this year.$2.41$0.00$2.41$0.21$0.22$0.01
2017Detailed filing. Detailed filing data is available for this year.$2.42$0.00$2.42$0.23$0.24$0.01
2016Detailed filing. Detailed filing data is available for this year.$2.43$0.00$2.43$0.19$0.25$0.06
2015Detailed filing. Detailed filing data is available for this year.$2.49$0.00$2.49$0.23$0.25$0.02
2014Detailed filing. Detailed filing data is available for this year.$2.51$0.00$2.51$0.26$0.22$0.04
2013Detailed filing. Detailed filing data is available for this year.$2.47$0.00$2.47$0.21$0.22$0.01
2012Summary only. Only limited summary data is available for this year.$2.47$0.00$2.47$0.21$0.18$0.02
2010Detailed filing. Detailed filing data is available for this year.$2.45$0.00$2.45$0.23