Carroll C Mongan Trust
Only null% goes to programs Strong reserves Growing revenue
Carroll C Mongan Trust is a 501(c)(3) organization based in Cherokee, Iowa, registered in 1996, with $12,859 in FY2024 revenue. CharityIndex grades it D.
231 W Maple St, Cherokee, IA, 51012 EIN 42-6550538 Since 1996
Revenue (FY2024)
$13K
▲ 20.1% vs prior year
Education median: $200K
Expenses (FY2024)
$19K
Net assets
$410K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Carroll C Mongan Trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating262 mo reserves · -46% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Carroll C Mongan Trust: 262 mo reserves · -46% margin earns a D on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Carroll C Mongan Trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Carroll C Mongan Trust: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 231 W Maple St, Cherokee, IA, 51012
- City
- Cherokee
- State
- Iowa
- Category
- Education
- Subcategory
- Student Services & Aid
Financial trends
Revenue grew from $7,289 (FY2013) to $13K (FY2024) across 9 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $410K
Operating margin
-46.4%
Spent more than it raised in the latest fiscal year.
Total assets
$410K
Total liabilities
$0
Net assets
$410K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $12,859▲20.1% | $18,826▲6.3% | $410,348▼0.9% | $410,348▼0.9% | 990PF |
| 2023 | $10,708▲27.6% | $17,702▼31.3% | $414,164▲21.5% | $414,164▲21.5% | 990PF |
| 2022 | $8,390▼22.3% | $25,757▼19.6% | $340,920▼21.1% | $340,920▼21.1% | 990PF |
| 2021 | $10,795▼3.5% | $32,041▲79.8% | $432,142▲1.1% | $432,142▲1.1% | 990PF |
| 2020 | $11,191▲32.7% | $17,817▲195% | $427,645▲0.8% | $427,645▲0.8% | 990PF |
| 2017 | $8,432▼0.7% | $6,031▲0.6% | $424,083▼3.2% | $424,083▼3.2% | 990PF |
| 2016 | $8,492▲8.7% | $5,998▼67.3% | $438,297▲10.9% | $438,297▲10.9% | 990PF |
| 2014 | $7,809▲7.1% | $18,317▲27.1% | $395,356▼2.1% | $395,356▼2.1% | 990PF |
| 2013 | $7,289 | $14,409 | $403,901 | $403,901 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Carroll C Mongan Trust a legitimate nonprofit?
- Yes. Carroll C Mongan Trust is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 42-6550538, based in Cherokee, Iowa. Donations are tax-deductible.
- What is Carroll C Mongan Trust's EIN?
- Carroll C Mongan Trust's Employer Identification Number (EIN) is 42-6550538.
- How much revenue does Carroll C Mongan Trust report?
- Carroll C Mongan Trust reported $12,859 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Carroll C Mongan Trust have?
- CharityIndex grades Carroll C Mongan Trust D, based on financial health (reserves and operating margin).
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Data for Carroll C Mongan Trust (EIN 42-6550538) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.