Joseph J Sinek Scholarship Trust
Joseph J Sinek Scholarship Trust is a private foundation, based in Algona, IA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $818K in total assets. In 2025, it awarded 9 grants totaling $26K. Net investment income was $27K.
Joseph J Sinek Scholarship Trust at a glance
In short: Joseph J Sinek Scholarship Trust gave $26K across 9 grants in 2025 (avg $3K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $25,500
- -2.9% vs 2024
- Grants made (2025)
- 9
- +0.0% vs 2024
- Average grant
- $2,833
- -2.9% vs 2024
- Median grant
- $1,500
- Total assets
- $817,876
- -1.2% vs 2024
- Primary geography
- Iowa (88% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Joseph J Sinek Scholarship Trust funds
How this funder distributes its grants
Grant Size Distribution
49 grants across all recorded years
The most common grant size was under $50K: 49 grants of 49 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 9 itemized grants.
Cities
How Joseph J Sinek Scholarship Trust gives
- Giving grew 72% from 2022 to 2025. Method
- In 2025 it paid out 90% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $15K (2022) to $53K (2020). In 2025 it made 9 grants totaling $26K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 9 individual scholarships Recipients not named | — | $25,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $817,876 | $23,160 | $33,216 | $25,500 | 9 | $31,968 | $26,593 | $35,628 |
| 2024 | $828,044 | $21,569 | $34,238 | $26,250 | 9 | $32,947 | $25,525 | $35,497 |
| 2023 | $841,007 | $18,730 | $39,912 | $31,900 | 17 | $38,617 | $24,060 | $35,963 |
| 2022 | $863,180 | $16,739 | $23,401 | $14,850 | 13 | $22,536 | $17,309 | $38,708 |
| 2021 | $861,930 | $6,946 | $25,455 | $16,650 | 1 | $21,035 | $2,526 | $43,142 |
| 2020 | $880,439 | $18,528 | $65,701 | $53,300 | 1 | — | $10,831 | $45,078 |
Under IRS private-foundation payout rules, Joseph J Sinek Scholarship Trust reported a distributable amount of $36K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Joseph J Sinek Scholarship Trust's only listed officer is Iowa State Bank, Trustee on every filing since 2022 (uncompensated).
Officers on the 2025 filing
Iowa State Bank
Trustee
On filings since 2022
1.2 hrs/week
No compensation reported
Former officers (1)
- Former: Iowa State Bank Kristie A Brown (2020–2021) — Trustee
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Joseph J Sinek Scholarship Trust
How much does Joseph J Sinek Scholarship Trust give each year?
Joseph J Sinek Scholarship Trust gave $26K across 9 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $26K across 9 grants.
What is Joseph J Sinek Scholarship Trust's typical grant size?
Joseph J Sinek Scholarship Trust's median grant in 2025 was $1,500, and its average grant was $2,833, across 9 grants on its 2025 IRS Form 990-PF.
Where does Joseph J Sinek Scholarship Trust give grants?
Joseph J Sinek Scholarship Trust gives mostly in Iowa: 88% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was South Dakota (12%).
Does Joseph J Sinek Scholarship Trust give general operating support?
Not in 2025: none of the 9 grants with a stated purpose on Joseph J Sinek Scholarship Trust's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarships for Pocahontas Area High School Graduates" (9 grants).
How large is Joseph J Sinek Scholarship Trust?
Joseph J Sinek Scholarship Trust reported $818K in total assets on its 2025 IRS Form 990-PF. It paid out $32K in qualifying distributions that year, against a required minimum of $36K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Joseph J Sinek Scholarship Trust's EIN?
Joseph J Sinek Scholarship Trust's EIN (Employer Identification Number) is 42-6336481. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 10, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS October 25, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 2, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 9, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 6, 2026)
- IRS filings on file for fiscal years 2020–2024
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