Civic Intelligence

Arcola Foundation

990 • Fiscal year 2021 • EIN 37-0999945

Jul 01, 2020 to Jun 30, 2021 • Filed on May 16, 2022

Organization ProfileN/A
127 S Oak StArcola, IL 61910

(217) 268-4911

Siviq Scores

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

Liabilities / Assets

8th percentile

0.00x

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

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

8th percentile

0.00x

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

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

70th percentile

25%

Higher net margin than 70% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

27th percentile

0.8%

Faster asset growth than 27% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

28th percentile

-1.3%

Faster revenue growth than 28% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets8th percentile

Assets

Up

$6,200,402

Up $47,954 (+0.8%) from 2020

Net Assets

Up

$6,200,402

Up $47,954 (+0.8%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue8th percentileNet Margin70th percentile

Revenue

Down

$233,428

Down $3,018 (-1.3%) from 2020

Expenses

Down

$174,183

Down $52,390 (-23%) from 2020

Net Income

Up

$59,245

Up $49,372 (+500%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth27th percentile

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

2021

Assets$6,200,402
Liabilities$0
Net Assets$6,200,402
Open 2021 Filing

Operations Trend

Revenue Growth28th percentile

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

2021

Revenue$233,428
Expenses$174,183
Net Income$59,245
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 16, 2022
Return Version
2020v4.2
Gross Receipts
$728,058
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$3,699,561$3,795,612▲ $96,051
Cash and Non-Interest-Bearing Accounts$2,397,200$2,338,626▼ $58,574
Other Notes and Loans Receivable, Net$23,500$32,000▲ $8,500
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$6,152,448$6,200,402▲ $47,954
Other Assets Total$32,187$34,164▲ $1,977
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,940,007$3,935,063▼ $4,944
Net Assets With Donor Restrictions$2,212,441$2,265,339▲ $52,898
Total Net Assets Fund Balance$6,152,448$6,200,402▲ $47,954
Total Liabilities and Net Assets / Fund Balance$6,152,448$6,200,402▲ $47,954

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$1,121$1,121
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Mark SpainhourChairman
Melissa ConlinCo-chair
Alex JohnsMember
Linda RankinMember
Lisa EdwardsMember
Randy WilliamsMember
Robert KosicMember
Revenue and Support

Revenue Composition

Contributions and Grants
$109,639
Program Service Revenue
$10,167
Investment Income
$113,622
Other Revenue
$0
All Other Contributions
$109,639
Change in Net Assets
$59,245
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$104,536
Other Expenses$69,647
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$79,260--$79,260
Grants to Domestic Individuals$25,276--$25,276
Fees for Services Accounting-$10,187-$10,187
Other Expenses$8,186$693-$8,879
Insurance$1,813$5,095-$6,908
Advertising$100$1,340-$1,440
Total Functional Expenses$147,445$26,738$0$174,183
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Arcola Chamber of CommerceArcola, IL-General Operations$25,000
City of ArcolaArcola, IL-Pavilion/fireworks$14,500
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
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, Section B, Line 11B

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

Form 990, Part VI, Section C, Line 19

“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 ST, ARCOLA, IL 61910

Signing Officer

Name
Mark Spainhour
Title
Chairman
Phone
2172684911
Signed
2022-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Spainhour
Formed
1975
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Martin Hood LLC
Address
2507 SOUTH NEIL STREET, CHAMPAIGN, IL 61820
Preparer
Donna Lawson CPA
Phone
2173512000
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“No changes have been made in the process from the prior year.”

Raw XML AppendixShowing 400 of 403 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/DonorAdvisedFundsContriAmt024107
IRS990ScheduleD/DonorAdvisedFundsGrantsAmt018950
IRS990ScheduleD/DonorAdvisedFundsHeldCnt04
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt022262
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01121
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01121
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt025276
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt020
IRS990ScheduleI/RecipientTable/CashGrantAmt025000
IRS990ScheduleI/RecipientTable/CashGrantAmt114500
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL OPERATIONS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1PAVILION/FIREWORKS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ARCOLA CHAMBER OF COMMERCE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1CITY OF ARCOLA
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0135 N OAK ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1114 N LOCUST ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ARCOLA
IRS990ScheduleI/RecipientTable/USAddress/CityNm1ARCOLA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1IL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd061910
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd161910
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF FORM 990 PROVIDED TO FULL BOARD FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZATION 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO CHANGES HAVE BEEN MADE IN THE PROCESS FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt06152448
IRS990/TotalAssetsEOYAmt06200402
IRS990/TotalAssetsGrp/BOYAmt06152448
IRS990/TotalAssetsGrp/EOYAmt06200402
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0109639
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt026738
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0147445
IRS990/TotalFunctionalExpensesGrp/TotalAmt0174183
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06152448
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06200402
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0147445
IRS990/TotalProgramServiceRevenueAmt010167
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0113622
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt010167
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0233428
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06152448
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06200402
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0315 N CR 550 E
IRS990/USAddress/CityNm0ARCOLA
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd061910
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK SPAINHOUR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum02172684911
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ARCOLA FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0ARCO
ReturnHeader/Filer/EIN0370999945
ReturnHeader/Filer/PhoneNum02172684911
ReturnHeader/Filer/USAddress/AddressLine1Txt0127 S OAK ST
ReturnHeader/Filer/USAddress/CityNm0ARCOLA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd061910
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0371119790
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MARTIN HOOD LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02507 SOUTH NEIL STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHAMPAIGN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd061820
ReturnHeader/PreparerPersonGrp/PhoneNum02173512000
ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DONNA LAWSON CPA
ReturnHeader/ReturnTs02022-05-16T09:33:28-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MARK
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SPAINHOUR

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,200,402
Liabilities
$0
Net assets
$6,200,402
Revenue
$233,428
Expenses
$174,183
Net income
$59,245
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.31$0.00$6.31$0.38$0.28$0.11
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.15$0.00$6.15$0.28$0.24$0.04
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.11$0.00$6.11$0.38$0.29$0.08
2021Detailed filing. Detailed filing data is available for this year.$6.20$0.00$6.20$0.23$0.17$0.06
2020Detailed filing. Detailed filing data is available for this year.$6.15$0.00$6.15$0.24$0.23$0.01
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.12$0.00$6.12$0.26$0.22$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.95$0.00$5.95$0.35$0.20$0.14
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.38$0.00$6.38$0.21$0.41$0.20
2016Detailed filing. Detailed filing data is available for this year.$6.65$0.00$6.65$0.27$0.34$0.08