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Filing year 2024

MABEL E SHERMAN EDUCATIONAL FUND C/O CITIZENS FIRST NATIONAL BANK

Storm Lake, Iowa·EIN 42-6278859·NTEE B99 · Education·3
Total revenue
$365k
Total assets
$8M
Total expenses
$192k
Reported officers
1
Mission

TO PROVIDE FOR STUDENT LOANS, SCHOLARSHIPS AND GRANTS FOR INDIVIDUALS ATTENDING MORNINGSIDE COLLEGE, BUENA VISTA UNIVERSITY AND CORNELL COLLEGE.

Executive compensation

Form 990 · Schedule J · 1 reported individual · Filing year 2024

Trustee
board member
$48k
$52k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Browse compensation in Education

Down 14%
from 2023

From $56k in 2023 to $48k in 2024.

$56k
2023
$48k
2024
In today's dollarsEst.
Down 16% in real terms$62k to $52k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

MABEL E SHERMAN EDUCATIONAL FUND C/O CITIZENS FIRST NATIONAL BANK reported revenue and expenses across 2 filing years.

RevenueExpenses
$304k
$219k
2023
$365k
$192k
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Education executives earn in Iowa

Comparable education organizations in Iowa pay their highest-earning executive a median of $42,388.

25th percentile
$10k
Median
$42,388
75th percentile
$135k
90th percentile
$402k

These are education sector-wide figures, not this organization's reported pay. Based on 86 organizations across 86 filings (2021 – 2023).

See full Education pay data for Iowa
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