Matt & Shanda Carstens Family Foundation

“Part vi, line 2: matt and shanda carstens are husband and wife. Camden, claire and carolyne carstens are their children. Matt carstens and steve nielsen were employed by the same employer in 2024”

“Part vi, line 11a: copies of the form 990 are distributed to all board members for review and comment before the return is filed with irs.”

“Part vi, line 19: the organization is not required to make its bylaws, conflict of interest policy or financial statements available to the public. Its articles of incorporation are a public document and can be viewed on the iowa secretary of states website.”

“Part vii, section b, lines 1 and 2: the organization had no independent contractors that received more than $100,000 of compensation from the organization.”

“Part viii, line 1f: the organization is currently reviewing its donations received during 2023 and 2024 to ensure that they are being correctly reported. The organization has learned that some donations may have mistakenly been made to the organization by the donor, and should have been paid to another payee. If necessary, the organization will amend its 2024 return and any prior year returns that may be affected if the donations made were, in fact, mistakenly paid to the organization.”

“Part iii, line 4d: the organization paid $250.00 in account fees to community foundation of greater des moines, and $36.00 in miscellaneous fees and taxes related to its exempt activities. The organization paid $95 in travel expenses. Part iii, line 3: as noted on its form 1023, the organization planned to build an educational performance center designed to educate the public, provide a community center and promote rural vitality in iowa. Construction of the performance center had begun in 2023, but the organizations zoning variance request for the performance center was denied by the polk county, iowa, board of adjustment on january 19, 2024. As a result, completion of the construction was impossible and abandoned by the organization.”

“Part v, line 16: the organization is not an educational institution subject to the 4968 excise tax.”

“Part ix, line 24a: the organization is currently reviewing its construction expenses paid during 2023 and 2024 to ensure that they are being correctly reported. The organization has learned that some construction costs of the performance center may have mistakenly been paid by the organization when they were the obligation of another party. This is related to the previous entry noting the possible mistaken donations to the organization. If necessary, the organization will amend its 2024 return and any prior year returns that may be affected if the construction costs were, in fact, mistakenly paid by the organization. This may require schedule l disclosures on those returns the organization anticipates that these issues will be resolved before the filing deadline of its 2025 form 990.”