Louis J Elbert Trust
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Louis J Elbert Trust is a 501(c)(3) organization based in Algona, Iowa, registered in 1988, with $5,252 in FY2024 revenue. CharityIndex grades it F.
5 E Call St, Algona, IA, 50511 EIN 42-1301198 Since 1988
Revenue (FY2024)
$5,252
▲ 23.9% vs prior year
Expenses (FY2024)
$8,766
Net assets
$221K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—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 Louis J Elbert Trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating302 mo reserves · -67% 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 Louis J Elbert Trust: 302 mo reserves · -67% margin earns a F 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 Louis J Elbert 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 Louis J Elbert Trust: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue declined from $8,697 (FY2013) to $5,252 (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $221K
Operating margin
-66.9%
Spent more than it raised in the latest fiscal year.
Total assets
$221K
Total liabilities
$0
Net assets
$221K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $5,252▲23.9% | $8,766▼10.2% | $220,814▼1.6% | $220,814▼1.6% | 990PF |
| 2023 | $4,239▲6.0% | $9,764▼7.6% | $224,328▼2.4% | $224,328▼2.4% | 990PF |
| 2022 | $4,000▼0.4% | $10,571▲20.5% | $229,853▼2.8% | $229,853▼2.8% | 990PF |
| 2021 | $4,017▼23.7% | $8,773▼46.7% | $236,386▼2.0% | $236,424▼2.0% | 990PF |
| 2020 | $5,267▼17.5% | $16,472▼7.9% | $241,142▼4.4% | $241,189▼4.4% | 990PF |
| 2019 | $6,381▲13.0% | $17,883▲29.3% | $252,347▼4.4% | $252,395▼4.4% | 990PF |
| 2018 | $5,646▼4.7% | $13,828▼11.1% | $263,849▼3.0% | $263,942▼3.0% | 990PF |
| 2017 | $5,926▼11.9% | $15,554▼2.7% | $272,031▼3.4% | $272,075▼3.4% | 990PF |
| 2016 | $6,726▼2.4% | $15,993▼3.5% | $281,659▼3.2% | $281,707▼3.2% | 990PF |
| 2015 | $6,890▼23.3% | $16,575▼3.9% | $290,926▼3.2% | $290,976▼3.2% | 990PF |
| 2014 | $8,978▲3.2% | $17,249▼8.1% | $300,611▼2.7% | $300,652▼2.7% | 990PF |
| 2013 | $8,697 | $18,767 | $308,882▼3.2% | $308,949▼3.2% | 990PF |
| 2012 | — | $18,761▲11.0% | $318,952▼2.5% | $319,129▼2.5% | 990PF |
| 2011 | — | $16,899▲18.4% | $327,116▼1.1% | $327,330▼1.5% | 990PF |
| 2010 | — | $14,269 | $330,632 | $332,265 | 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.
Frequently asked questions
- Is Louis J Elbert Trust a legitimate nonprofit?
- Yes. Louis J Elbert Trust is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 42-1301198, based in Algona, Iowa. Donations are tax-deductible.
- What is Louis J Elbert Trust's EIN?
- Louis J Elbert Trust's Employer Identification Number (EIN) is 42-1301198.
- How much revenue does Louis J Elbert Trust report?
- Louis J Elbert Trust reported $5,252 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Louis J Elbert Trust have?
- CharityIndex grades Louis J Elbert Trust F, based on financial health (reserves and operating margin).
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Data for Louis J Elbert Trust (EIN 42-1301198) 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.