The Korver-huisman Charitable

ORANGE CITY, IA EIN: 20-0125973

The Korver-huisman Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ORANGE CITY, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $26K in total assets. Net investment income was $121.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$26K

+0.1% YoY

Revenue

$1K

-95.1% YoY

Net Investment Income

$121

-81.8% YoY

Expenses

$1K

-7.7% YoY

Under IRS private-foundation payout rules, The Korver-huisman Charitable reported a distributable amount of $1K for 2024 — the minimum it must pay out in qualifying distributions.

About The Korver-huisman Charitable

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Iowa $5K (100%)

States

Iowa

Cities

Orange City

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$26,328	$26,306	$1,578
Revenue	$1,280	$26,033	$973
Expenses	$1,205	$1,305	$1,840
Qualifying Distributions	—	—	$1,000
Net Investment Income	$121	$666	—
Distributable Amount	$1,294	$678	$99

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 0 recipients in 2024

Grant Size Distribution

3 grants across all recorded years

Giving History

Grant recipients and amounts by year

No grants recorded for 2024.

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
CLAYTON KORVER	PRESIDENT	—	—
DEBRA KORVER	VICE PRES.	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Korver-huisman Charitable?

The Korver-huisman Charitable is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in ORANGE CITY, IA. It holds $26K in total assets as of 2024.

How large is The Korver-huisman Charitable?

As of 2024, The Korver-huisman Charitable holds $26K in total assets with $1K in annual revenue.

Where does The Korver-huisman Charitable operate?

The Korver-huisman Charitable has awarded grants in Iowa.

How much is The Korver-huisman Charitable required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Korver-huisman Charitable reported a distributable amount of $1K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.