Civic Intelligence

Arcola Foundation

990 • Fiscal year 2018 • EIN 37-0999945

Jul 01, 2017 to Jun 30, 2018 • Filed on May 02, 2019

127 S Oak StreetArcola, IL 61910

(217) 268-4911

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

7th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

7th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

88th percentile

41%

Higher net margin than 88% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

16th percentile

-6.8%

Faster asset growth than 16% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

90th percentile

64%

Faster revenue growth than 90% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Down

$5,952,125

Down $432,550 (-6.8%) from 2017

Net Assets

Down

$5,952,125

Down $432,550 (-6.8%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Up

$347,657

Up $135,750 (+64%) from 2017

Expenses

Down

$204,337

Down $204,202 (-50%) from 2017

Net Income

Up

$143,320

Up $339,952 (+173%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2016: $6,647,262Liabilities 2016: $0Net Assets 2016: $6,647,2622016Assets 2017: $6,384,675Liabilities 2017: $0Net Assets 2017: $6,384,6752017Assets 2018: $5,952,125Liabilities 2018: $0Net Assets 2018: $5,952,1252018Assets 2019: $6,116,332Liabilities 2019: $0Net Assets 2019: $6,116,3322019Assets 2020: $6,152,448Liabilities 2020: $0Net Assets 2020: $6,152,4482020Assets 2021: $6,200,402Liabilities 2021: $0Net Assets 2021: $6,200,4022021Assets 2022: $6,110,777Liabilities 2022: $0Net Assets 2022: $6,110,7772022Assets 2023: $6,147,002Liabilities 2023: $0Net Assets 2023: $6,147,0022023Assets 2024: $6,312,377Liabilities 2024: $0Net Assets 2024: $6,312,3772024

Highlighted filing

2018

Assets$5,952,125
Liabilities$0
Net Assets$5,952,125

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2016: $267,910Expenses 2016: $344,795Net Income 2016: -$76,8852016Revenue 2017: $211,907Expenses 2017: $408,539Net Income 2017: -$196,6322017Revenue 2018: $347,657Expenses 2018: $204,337Net Income 2018: $143,3202018Revenue 2019: $255,078Expenses 2019: $223,191Net Income 2019: $31,8872019Revenue 2020: $236,446Expenses 2020: $226,573Net Income 2020: $9,8732020Revenue 2021: $233,428Expenses 2021: $174,183Net Income 2021: $59,2452021Revenue 2022: $377,881Expenses 2022: $294,680Net Income 2022: $83,2012022Revenue 2023: $284,444Expenses 2023: $239,950Net Income 2023: $44,4942023Revenue 2024: $382,110Expenses 2024: $276,448Net Income 2024: $105,6622024

Highlighted filing

2018

Revenue$347,657
Expenses$204,337
Net Income$143,320
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 2, 2019
Return Version
2017v2.2
Gross Receipts
$422,499
Mission and Program Overview

Mission

Provide scholarships and grant assistance to individuals and city or arcola organizations

Provide scholarships and grant assistance to individuals and city of arcola organizations

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,753,642$3,721,508▼ $32,134
Savings and Temporary Cash Investments$2,569,471$2,167,095▼ $402,376
Other Notes and Loans Receivable, Net$34,644$35,000▲ $356
Cash and Non-Interest-Bearing Accounts-$0-
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$6,384,675$5,952,125▼ $432,550
Other Assets Total$26,918$28,522▲ $1,604
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$3,801,081$3,801,303▲ $222
Temporarily Rstr Net Assets$2,583,594$2,150,822▼ $432,772
Total Net Assets Fund Balance$6,384,675$5,952,125▼ $432,550
Total Liabilities and Net Assets / Fund Balance$6,384,675$5,952,125▼ $432,550

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$1,121$1,121
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mark SpainhourChairman
Dr Robert ArrolVice Chairman
Brian BlaggDirector
Jb HelmuthDirector
Linda RankinDirector
Melissa ConlinDirector
Randy WilliamsDirector
Dale BoyerTrustee
Lynn MillerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$204,660
Program Service Revenue
$594
Investment Income
$142,403
Other Revenue
$0
All Other Contributions
$204,660
Change in Net Assets
$143,320

Audited Revenue Reconciliation

Revenue per Audited Statements
$347,657
Revenue Not Reported on Form 990
$-116,859
Total Revenue per Audited Statements
$230,798
Total Revenue per Form 990
$347,657
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$127,534
Other Expenses$76,803
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$108,190--$108,190
Grants to Domestic Individuals$19,344--$19,344
Insurance$1,452$4,842-$6,294
All Other Expenses$5,634$657-$6,291
Fees for Services Accounting-$4,765-$4,765
Other Expenses$2,845$1,239-$4,084
Advertising-$1,175-$1,175
Office Expenses$45--$45
Total Functional Expenses$178,400$25,937$0$204,337

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$204,337
Total Expenses per Audited Statements$204,337
Total Expenses per Form 990$204,337
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Arcola Chamber of CommerceArcola, IL-General Operations$45,000
City of ArcolaArcola, IL-Support the Arcola Center/other$24,400
Arcola Fire Protection DistArcola, IL-New Fire Station$10,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

A copy of form 990 provided to full board for review prior to filing.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Organization has no formal policy for disclosure of governing documents, policies, and financial statements. The board would review requests made by public and approve disclosure on a case by case basis.

Filing and Contact Details

Filer

Filer Name
Arcola Foundation
EIN
37-0999945
Phone
2172684911
Address
127 S OAK STREET, ARCOLA, IL 61910

Signing Officer

Name
Mark Spainhour
Title
Chairman
Signed
2019-05-02
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
8

Preparer

Firm
Gilbert Metzger & Madigan LLP
Address
6029 Park Drive Ste A, Charleston, IL 61920
Preparer
Joyce A Madigan
Phone
2173452128
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2: New Services

Douglas county ceo program - high school entrepreneurship program

Form 990, Part III, Line 4D: Other Program Services Description

Other program services 4: arcola alumni cola plates program - license plates to mark the arcola/tuscola football game

Other Changes In Net Assets Or Fund Balances - Other Decreases

Transfer of jack shaffer scholarship fund = -$459011

Financial Statement Notes

Part X : FIN48 Footnote

Arcola Foundation accounts for uncertainty in income taxes in accordance with FASB ASC 740-10. FASB ASC 740-10 provides detailed guidance for the financial statement recognition, measurement, and disclosure of uncertain tax positions. Arcola Foundation files informational returns in the U.S. federal and State of Illinois jurisdictions. The organization's federal and state informational tax returns are subject to possible examination. In general, these returns have a three year statutes of limitations. Arcola Foundation is not currently subject to an examination of the organization's returns by any of these tax authorities. As of June 30, 2018, Arcola Foundation has no unrecognized tax benefits.

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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt035000
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IRS990/ProgramServiceRevenueGrp/Desc0CEO PROGRAM SALES
IRS990/ProgramServiceRevenueGrp/Desc1SCHOLARSHIP LOAN INTEREST
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt169
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0525
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt169
IRS990/ProgSrvcAccomActy2Grp/Desc0DOUGLAS COUNTY CEO PROGRAM - HIGH SCHOOL ENTREPRENEURSHIP PROGRAM
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt049781
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0525
IRS990/ProgSrvcAccomActy3Grp/Desc0SCHOLARSHIPS TO ARCOLA AREA STUDENTS FOR HIGHER EDUCATION EXPENSES
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt019344
IRS990/ProgSrvcAccomActy3Grp/GrantAmt019344
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt069
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt067421
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0386483
IRS990/PYInvestmentIncomeAmt0144457
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IRS990/PYOtherExpensesAmt022056
IRS990/PYProgramServiceRevenueAmt029
IRS990/PYRevenuesLessExpensesAmt0-196632
IRS990/PYTotalExpensesAmt0408539
IRS990/PYTotalRevenueAmt0211907
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IRS990/ReconcilationRevenueExpnssAmt0143320
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IRS990ScheduleA/CommunityTrustInd0X
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt067421
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt097023
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0342420
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0238285
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0949809
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0172701
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0169845
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0170933
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0167448
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0820148
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0594
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0594
IRS990ScheduleA/PublicSupportCY170Pct00.37110
IRS990ScheduleA/PublicSupportPY170Pct00.35640
IRS990ScheduleA/PublicSupportTotal170Amt0657131
IRS990ScheduleA/SubstantialContributorsTotAmt0292678
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt067421
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt097023
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0342420
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0238285
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0949809
IRS990ScheduleA/TotalSupportAmt01770551
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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IRS990ScheduleD/DisclosedForCharitablePrpsInd0true
IRS990ScheduleD/DisclosedOrgLegCtrlInd0true
IRS990ScheduleD/DonorAdvisedFundsContriAmt013520
IRS990ScheduleD/DonorAdvisedFundsHeldCnt05
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt048770
IRS990ScheduleD/ExpensesSubtotalAmt0204337
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-116859
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01121
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01121
IRS990ScheduleD/RevenueNotReportedAmt0-116859
IRS990ScheduleD/RevenueSubtotalAmt0347657
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Arcola Foundation accounts for uncertainty in income taxes in accordance with FASB ASC 740-10. FASB ASC 740-10 provides detailed guidance for the financial statement recognition, measurement, and disclosure of uncertain tax positions. Arcola Foundation files informational returns in the U.S. federal and State of Illinois jurisdictions. The organization's federal and state informational tax returns are subject to possible examination. In general, these returns have a three year statutes of limitations. Arcola Foundation is not currently subject to an examination of the organization's returns by any of these tax authorities. As of June 30, 2018, Arcola Foundation has no unrecognized tax benefits.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalExpensesPerForm990Amt0204337
IRS990ScheduleD/TotalRevenuePerForm990Amt0347657
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0230798
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0204337
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt019344
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt022
IRS990ScheduleI/RecipientTable/CashGrantAmt045000
IRS990ScheduleI/RecipientTable/CashGrantAmt110000
IRS990ScheduleI/RecipientTable/CashGrantAmt224400
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL OPERATIONS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1NEW FIRE STATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2SUPPORT THE ARCOLA CENTER/OTHER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ARCOLA CHAMBER OF COMMERCE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1ARCOLA FIRE PROTECTION DIST
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2CITY OF ARCOLA
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0135 N OAK ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1117 W MAIN STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2114 N LOCUST ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ARCOLA
IRS990ScheduleI/RecipientTable/USAddress/CityNm1ARCOLA
IRS990ScheduleI/RecipientTable/USAddress/CityNm2ARCOLA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1IL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2IL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd061910
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd161910
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd261910
IRS990ScheduleI/Total501c3OrgCnt02
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DOUGLAS COUNTY CEO PROGRAM - HIGH SCHOOL ENTREPRENEURSHIP PROGRAM
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OTHER PROGRAM SERVICES 4: ARCOLA ALUMNI COLA PLATES PROGRAM - LICENSE PLATES TO MARK THE ARCOLA/TUSCOLA FOOTBALL GAME

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