Civic Intelligence

Arcola Foundation

990 • Fiscal year 2019 • EIN 37-0999945

Jul 01, 2018 to Jun 30, 2019 • Filed on May 07, 2020

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.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

7th percentile

0.00x

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

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

70th percentile

13%

Higher net margin than 70% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

49th percentile

2.8%

Faster asset growth than 49% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

11th percentile

-27%

Faster revenue growth than 11% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Up

$6,116,332

Up $164,207 (+2.8%) from 2018

Net Assets

Up

$6,116,332

Up $164,207 (+2.8%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Down

$255,078

Down $92,579 (-27%) from 2018

Expenses

Up

$223,191

Up $18,854 (+9.2%) from 2018

Net Income

Down

$31,887

Down $111,433 (-78%) from 2018

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

2019

Assets$6,116,332
Liabilities$0
Net Assets$6,116,332

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

2019

Revenue$255,078
Expenses$223,191
Net Income$31,887
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 7, 2020
Return Version
2018v3.1
Gross Receipts
$329,915
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$3,721,508$3,780,024▲ $58,516
Savings and Temporary Cash Investments$2,167,095$2,269,951▲ $102,856
Other Notes and Loans Receivable, Net$35,000$36,000▲ $1,000
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$5,952,125$6,116,332▲ $164,207
Other Assets Total$28,522$30,357▲ $1,835
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$3,801,303$3,895,455▲ $94,152
Temporarily Rstr Net Assets$2,150,822$2,220,877▲ $70,055
Total Net Assets Fund Balance$5,952,125$6,116,332▲ $164,207
Total Liabilities and Net Assets / Fund Balance$5,952,125$6,116,332▲ $164,207

Asset Categories

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

Board Members and Trustees

NameTitle
Mark SpainhourChairman
Melissa ConlinVice-Chairman
Brian BlaggDirector
Linda RankinDirector
Lisa EdwardsDirector
Randy WilliamsDirector
Robert KosicDirector
Dale BoyerTrustee
Jennifer ShaferSecretary
Lynn MillerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$110,148
Program Service Revenue
$651
Investment Income
$143,579
Other Revenue
$700
All Other Contributions
$110,148
Change in Net Assets
$31,887

Audited Revenue Reconciliation

Revenue per Audited Statements
$255,078
Revenue Not Reported on Form 990
$132,320
Total Revenue per Audited Statements
$387,398
Total Revenue per Form 990
$255,078
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$143,149
Other Expenses$80,042
Total Fundraising Expense$1,175
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$123,691--$123,691
Grants to Domestic Individuals$19,458--$19,458
Insurance$1,452$4,569-$6,021
Fees for Services Accounting-$5,065-$5,065
All Other Expenses$9$2,133-$2,142
Other Expenses$1,650$13,062-$1,650
Advertising--$1,175$1,175
Fees for Services Legal-$611-$611
Total Functional Expenses$196,576$25,440$1,175$223,191

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$223,191
Total Expenses per Audited Statements$223,191
Total Expenses per Form 990$223,191
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Arcola Public LibraryArcola, IL-Support$39,351
Arcola Chamber of CommerceArcola, IL-General Operations$30,000
City of ArcolaArcola, IL-Pavilion/fireworks$15,500
Arcola Fire Protection DistArcola, IL-New Fire Station$10,000
St Johns Catholic ChurchArcola, IL-Support$10,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$700
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
2020-05-07
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
9

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 4D: Other Program Services Description

Other program services 4: arcola alumni program - support arcola alumni association other program services 5: amazing arcola - support various arcola community projects

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, 2019, Arcola Foundation has no unrecognized tax benefits.

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IRS990/OtherExpensesGrp/ProgramServicesAmt043796
IRS990/OtherExpensesGrp/ProgramServicesAmt16520
IRS990/OtherExpensesGrp/ProgramServicesAmt21650
IRS990/OtherExpensesGrp/TotalAmt043796
IRS990/OtherExpensesGrp/TotalAmt113062
IRS990/OtherExpensesGrp/TotalAmt26520
IRS990/OtherExpensesGrp/TotalAmt31650
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt035000
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt036000
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0CEO PROGRAM SALES
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0651
IRS990/ProgSrvcAccomActy2Grp/Desc0DOUGLAS COUNTY CEO PROGRAM - HIGH SCHOOL ENTREPRENEURSHIP PROGRAM
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt040701
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0651
IRS990/ProgSrvcAccomActy3Grp/Desc0SCHOLARSHIPS TO ARCOLA AREA STUDENTS FOR HIGHER EDUCATION EXPENSES
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt019458
IRS990/ProgSrvcAccomActy3Grp/GrantAmt019458
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0204660
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0127534
IRS990/PYInvestmentIncomeAmt0142403
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt076803
IRS990/PYProgramServiceRevenueAmt0594
IRS990/PYRevenuesLessExpensesAmt0143320
IRS990/PYTotalExpensesAmt0204337
IRS990/PYTotalRevenueAmt0347657
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IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt031887
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02167095
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02269951
IRS990ScheduleA/CommunityTrustInd0X
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0204660
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt067421
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt097023
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0342420
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IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0141013
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0172701
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0169845
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0170933
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0793713
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0651
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IRS990ScheduleA/OtherIncome170Grp/TotalAmt01245
IRS990ScheduleA/PublicSupportCY170Pct00.35140
IRS990ScheduleA/PublicSupportPY170Pct00.37110
IRS990ScheduleA/PublicSupportTotal170Amt0568038
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt097023
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0342420
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0821672
IRS990ScheduleA/TotalSupportAmt01616630
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/DisclosedForCharitablePrpsInd0true
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IRS990ScheduleD/DonorAdvisedFundsContriAmt020000
IRS990ScheduleD/DonorAdvisedFundsGrantsAmt014320
IRS990ScheduleD/DonorAdvisedFundsHeldCnt04
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt054455
IRS990ScheduleD/ExpensesSubtotalAmt0223191
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0132320
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01121
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01121
IRS990ScheduleD/RevenueNotReportedAmt0132320
IRS990ScheduleD/RevenueSubtotalAmt0255078
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, 2019, Arcola Foundation has no unrecognized tax benefits.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalExpensesPerForm990Amt0223191
IRS990ScheduleD/TotalRevenuePerForm990Amt0255078
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0387398
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0223191
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt019458
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt026
IRS990ScheduleI/RecipientTable/CashGrantAmt030000
IRS990ScheduleI/RecipientTable/CashGrantAmt110000
IRS990ScheduleI/RecipientTable/CashGrantAmt239351
IRS990ScheduleI/RecipientTable/CashGrantAmt315500
IRS990ScheduleI/RecipientTable/CashGrantAmt410000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt40
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL OPERATIONS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1NEW FIRE STATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3PAVILION/FIREWORKS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ARCOLA CHAMBER OF COMMERCE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1ARCOLA FIRE PROTECTION DIST
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2ARCOLA PUBLIC LIBRARY

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