Wallace E and Hazel C Loft Scholarship Trust

990PF • Fiscal year 2024 • EIN 47-6965500

Jan 01, 2024 to Dec 31, 2024 • Filed on Apr 17, 2025

Organization Profile

102 E Church StreetMarshalltown, IA 50158

(641) 752-4507

Siviq Scores

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

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • $500k-$1M nonprofits • Source year 2024

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • $500k-$1M nonprofits • Source year 2024

24%

Higher net margin than 76% of similar nonprofits.

2024 filings • $500k-$1M nonprofits • Source year 2024

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • $500k-$1M nonprofits • Source year 2024

7.0%

Faster asset growth than 62% of similar nonprofits.

2024 filings • $500k-$1M nonprofits • Annualized from 2023 to 2024

190%

Faster revenue growth than 93% of similar nonprofits.

2024 filings • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet

Liabilities / Assets43rd percentile

Assets

$674,774

Up $44,194 (+7.0%) from 2023

Net Assets

$674,774

Up $44,194 (+7.0%) from 2023

Liabilities

Flat

Flat from 2023

Revenue And Expenses

Liabilities / Revenue43rd percentile Net Margin76th percentile

Revenue

$49,479

Up $32,397 (+190%) from 2023

Expenses

Down

$37,439

Down $22,840 (-38%) from 2023

Net Income

$12,040

Up $55,237 (+128%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth62nd percentile

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

Highlighted filing

2024

Assets$674,774

Liabilities$0

Net Assets$674,774

Open 2024 Filing

Operations Trend

Revenue Growth93rd percentile

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

Highlighted filing

2024

Revenue$49,479

Expenses$37,439

Net Income$12,040

Open 2024 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2024 to Dec 31, 2024
Signed: Apr 17, 2025
Return Version: 2024v5.1

Compensation and Service Providers

Top Officer Pay58th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
KEVIN R HITCHINS	Trustee	-	$0	-	-
GARY L BURKE	Trustee	-	$0	-	-
BARBARA REID	Trustee	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: Wallace E and Hazel C Loft Scholarship Trust
EIN: 47-6965500
In Care Of: % KEVIN R HITCHINS
Phone: 6417524507
Address: 102 E CHURCH STREET, MARSHALLTOWN, IA 50158

Signing Officer

Name: Kevin R Hitchins
Title: Trustee
Phone: 6417524507
Signed: 2025-04-17
Discuss with paid preparer: Yes

Preparer

Firm: Hitchins & Thronson PLC
Address: 102 E Church St, Marshalltown, IA 50158
Preparer: Kevin R Hitchins
Phone: 6417524507

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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt	2	430 WEST 7TH STREET
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt	3	820 W 7TH STREET
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt	4	1563 275TH STREET
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm	0	Janesville
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm	1	Cedar Falls
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm	2	Janesville
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm	3	Janesville
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm	4	Janesville
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd	0	IA
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd	1	IA
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd	2	IA
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd	3	IA
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd	4	IA
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd	0	50647
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd	1	50613
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd	2	50647
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd	3	50647
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd	4	50647
IRS990PF/SupplementaryInformationGrp/ShareholderManagerNm	0	NONE
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriApprvFutAmt	0	0
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt	0	24750
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd	0	false
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt	0	12550
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt	0	32779
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovAppCYAmt	0	12814
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr1Amt	0	12814
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovAppCYCorpusAmt	0	12814
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt	0	12550
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt	0	12814
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt	0	7415
LegalFeesSchedule/LegalFeesGrp/AdjustedNetIncomeAmt	0	0
LegalFeesSchedule/LegalFeesGrp/CategoryTxt	0	LEGAL
LegalFeesSchedule/LegalFeesGrp/DisbursementsCharitablePrpsAmt	0	3688
LegalFeesSchedule/LegalFeesGrp/LegalFeesAmt	0	3688
LegalFeesSchedule/LegalFeesGrp/NetInvestmentIncomeAmt	0	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt	0	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt	1	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	0	TRUSTEE FEE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	1	MISCELLANEOUS
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	0	1500
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	1	101
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt	0	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt	1	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	0	1500
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	1	101
OtherIncreasesSchedule/OtherIncreasesDetail/Amt	0	32154
OtherIncreasesSchedule/OtherIncreasesDetail/Desc	0	change in value
TaxesSchedule/TaxesDetail/AdjustedNetIncomeAmt	0	0
TaxesSchedule/TaxesDetail/Amt	0	139
TaxesSchedule/TaxesDetail/CategoryTxt	0	FOREIGN TAX CHARLES SCHWAB
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt	0	0
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt	0	139
ReturnHeader/BuildTS	0	2025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	true
ReturnHeader/BusinessOfficerGrp/PersonNm	0	KEVIN R HITCHINS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	Trustee
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	6417524507
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2025-04-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	WALLACE E AND HAZEL C LOFT SCHOLARSHIP TRUST
ReturnHeader/Filer/BusinessNameControlTxt	0	WALL
ReturnHeader/Filer/EIN	0	476965500
ReturnHeader/Filer/InCareOfNm	0	% KEVIN R HITCHINS
ReturnHeader/Filer/PhoneNum	0	6417524507
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	102 E CHURCH STREET
ReturnHeader/Filer/USAddress/CityNm	0	MARSHALLTOWN
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	IA
ReturnHeader/Filer/USAddress/ZIPCd	0	50158
ReturnHeader/IRSResponsiblePrtyInfoCurrInd	0	true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	920645434
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	Hitchins & Thronson PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	102 E Church St
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	Marshalltown
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	50158
ReturnHeader/PreparerPersonGrp/PhoneNum	0	6417524507
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2025-04-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	KEVIN R HITCHINS
ReturnHeader/PreparerPersonGrp/SelfEmployedInd	0	X
ReturnHeader/ReturnTs	0	2025-04-21T19:29:42-04:00
ReturnHeader/ReturnTypeCd	0	990PF
ReturnHeader/TaxPeriodBeginDt	0	2024-01-01
ReturnHeader/TaxPeriodEndDt	0	2024-12-31
ReturnHeader/TaxYr	0	2024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $674,774
Liabilities: $0
Net assets: $674,774
Revenue: $49,479
Expenses: $37,439
Net income: $12,040

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Detailed filing. Detailed filing data is available for this year.	$6.75	$0.00	$6.75	$0.49	$0.37	$0.12
2023Detailed filing. Detailed filing data is available for this year.	$6.31	$0.00	$6.31	$0.17	$0.60	$0.43
2022Detailed filing. Detailed filing data is available for this year.	$6.14	$0.00	$6.14	$0.70	$0.34	$0.36
2021Detailed filing. Detailed filing data is available for this year.	$7.70	$0.00	$7.70	$0.40	$0.43	$0.02
2020Detailed filing. Detailed filing data is available for this year.	$7.24	$0.00	$7.24	$0.25	$0.43	$0.18
2019Detailed filing. Detailed filing data is available for this year.	$6.97	$0.00	$6.97	$0.15	$0.42	$0.28
2018Detailed filing. Detailed filing data is available for this year.	$6.39	$0.00	$6.39	$0.30	$0.39	$0.09
2017Detailed filing. Detailed filing data is available for this year.	$7.12	$0.00	$7.12	$0.16	$0.35	$0.18
2016Detailed filing. Detailed filing data is available for this year.	$6.81	$0.00	$6.81	$0.16	$0.28	$0.44
2015Detailed filing. Detailed filing data is available for this year.	$6.65	$0.00	$6.65	$0.19	$0.05	$0.14