William L & Ethel Gund Memorial Fund
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves
William L & Ethel Gund Memorial Fund is a 501(c)(3) organization based in Cherokee, Iowa, registered in 1965, with $180,137 in FY2024 revenue. CharityIndex grades it C+.
212 W Willow St, Cherokee, IA, 51012 EIN 42-6068287 Since 1965
Revenue (FY2024)
$180K
▼ 82.9% vs prior year
Expenses (FY2024)
$80K
Net assets
$1.4M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—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 William L & Ethel Gund Memorial Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating213 mo reserves · +55% 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 William L & Ethel Gund Memorial Fund: 213 mo reserves · +55% margin earns a B+ 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 William L & Ethel Gund Memorial Fund— 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 William L & Ethel Gund Memorial Fund: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $153K (FY2013) to $180K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $1.4M
Operating margin
55.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.4M
Total liabilities
$0
Net assets
$1.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $180,137▼82.9% | $80,435▲22.1% | $1,429,018▼8.1% | $1,429,018▼8.1% | 990PF |
| 2023 | $1,052,904▲575% | $65,855▲7.2% | $1,555,431▲105% | $1,555,431▲105% | 990PF |
| 2022 | $155,939▼16.9% | $61,431▼5.8% | $757,109▼21.7% | $757,109▼21.7% | 990PF |
| 2021 | $187,552▲30.0% | $65,247▲33.5% | $966,953▼5.9% | $966,953▼5.9% | 990PF |
| 2020 | $144,298▼20.5% | $48,872▼3.1% | $1,027,242▲0.3% | $1,027,242▲0.3% | 990PF |
| 2019 | $181,462▼71.0% | $50,446▼14.9% | $1,024,082▲2.3% | $1,024,082▲2.3% | 990PF |
| 2018 | $626,043▲378% | $59,244▲19.4% | $1,001,318▲75.4% | $1,001,318▲75.4% | 990PF |
| 2017 | $130,906▼13.3% | $49,633▼10.1% | $570,730▼8.8% | $570,730▼8.8% | 990PF |
| 2016 | $150,976▲7.3% | $55,209▲22.3% | $625,575▼4.4% | $625,575▼4.4% | 990PF |
| 2015 | $140,727▼13.8% | $45,145▲7.6% | $654,438▼8.1% | $654,438▼8.1% | 990PF |
| 2014 | $163,257▲6.9% | $41,962▼40.3% | $712,274▼3.4% | $712,274▼3.4% | 990PF |
| 2013 | $152,731 | $70,322 | $737,650 | $737,650 | 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 William L & Ethel Gund Memorial Fund a legitimate nonprofit?
- Yes. William L & Ethel Gund Memorial Fund is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 42-6068287, based in Cherokee, Iowa. Donations are tax-deductible.
- What is William L & Ethel Gund Memorial Fund's EIN?
- William L & Ethel Gund Memorial Fund's Employer Identification Number (EIN) is 42-6068287.
- How much revenue does William L & Ethel Gund Memorial Fund report?
- William L & Ethel Gund Memorial Fund reported $180,137 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does William L & Ethel Gund Memorial Fund have?
- CharityIndex grades William L & Ethel Gund Memorial Fund C+, based on financial health (reserves and operating margin).
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Data for William L & Ethel Gund Memorial Fund (EIN 42-6068287) 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.