Civic Intelligence

Foundation for Educational Opportunity at West Iron County Sc

990 • Fiscal year 2015 • EIN 38-3147380

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 13, 2015

Organization ProfileWICFOUNDATION.ORG/BOARD.HTM
PO Box 71Stambaugh, MI 49964

(906) 265-9218

Siviq Scores

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

Liabilities / Assets

13th percentile

0.00x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

13th percentile

0.00x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

94th percentile

60%

Higher net margin than 94% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

68th percentile

6.8%

Faster asset growth than 68% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

7th percentile

-42%

Faster revenue growth than 7% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets13th percentile

Assets

Up

$4,064,682

Up $259,439 (+6.8%) from 2014

Net Assets

Up

$4,064,682

Up $259,439 (+6.8%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue And Expenses
Liabilities / Revenue13th percentileNet Margin94th percentile

Revenue

Down

$430,387

Down $317,817 (-42%) from 2014

Expenses

Up

$170,948

Up $66,319 (+63%) from 2014

Net Income

Down

$259,439

Down $384,136 (-60%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth68th percentile

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

$10M$5.0M$0Assets 2011: $2,499,563Liabilities 2011: $0Net Assets 2011: $2,499,5632011Assets 2012: $2,653,963Liabilities 2012: $0Net Assets 2012: $2,653,9632012Assets 2013: $3,161,668Liabilities 2013: $0Net Assets 2013: $3,161,6682013Assets 2014: $3,805,243Liabilities 2014: $0Net Assets 2014: $3,805,2432014Assets 2015: $4,064,682Liabilities 2015: $0Net Assets 2015: $4,064,6822015Assets 2016: $3,873,644Liabilities 2016: $0Net Assets 2016: $3,873,6442016Assets 2017: $4,304,008Liabilities 2017: $0Net Assets 2017: $4,304,0082017Assets 2018: $4,502,704Liabilities 2018: $0Net Assets 2018: $4,502,7042018Assets 2019: $4,585,259Liabilities 2019: $0Net Assets 2019: $4,585,2592019Assets 2020: $4,453,490Liabilities 2020: $0Net Assets 2020: $4,453,4902020Assets 2021: $9,446,298Liabilities 2021: $0Net Assets 2021: $9,446,2982021

Highlighted filing

2015

Assets$4,064,682
Liabilities$0
Net Assets$4,064,682
Open 2015 Filing

Operations Trend

Revenue Growth7th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $303,782Expenses 2011: $72,638Net Income 2011: $231,1442011Expenses 2012: $63,3822012Revenue 2013: $580,929Expenses 2013: $73,224Net Income 2013: $507,7052013Revenue 2014: $748,204Expenses 2014: $104,629Net Income 2014: $643,5752014Revenue 2015: $430,387Expenses 2015: $170,948Net Income 2015: $259,4392015Revenue 2016: $60,698Expenses 2016: $251,736Net Income 2016: -$191,0382016Revenue 2017: $643,712Expenses 2017: $213,348Net Income 2017: $430,3642017Revenue 2018: $433,608Expenses 2018: $234,912Net Income 2018: $198,6962018Revenue 2019: $334,151Expenses 2019: $251,596Net Income 2019: $82,5552019Revenue 2020: $201,097Expenses 2020: $332,866Net Income 2020: -$131,7692020Revenue 2021: $5,343,933Expenses 2021: $351,125Net Income 2021: $4,992,8082021

Highlighted filing

2015

Revenue$430,387
Expenses$170,948
Net Income$259,439
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 13, 2015
Return Version
2014v5.0
Gross Receipts
$430,387
Mission and Program Overview

Mission

To receive and disburse funds and gifts of any kind exclusively for the benefit of west iron county schools, or any organization to succeed the board of trustees of west iron county schools. The foundation was established to receive tax deductible contributions and distribute funds for educational projects, mini-grants for teachers and scholarships for graduates of west iron county schools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,588,368$3,912,820▲ $324,452
Savings and Temporary Cash Investments$216,875$151,862▼ $65,013
Total Assets$3,805,243$4,064,682▲ $259,439
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$3,796,762$4,052,841▲ $256,079
Unrestricted Net Assets$8,481$11,841▲ $3,360
Total Net Assets Fund Balance$3,805,243$4,064,682▲ $259,439
Total Liabilities and Net Assets / Fund Balance$3,805,243$4,064,682▲ $259,439
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Jon WaaraPresident
Chris ThomsonTrustee
Jim PellizzerTrustee
Randy JacobsTrustee
Randy ShaweckerTrustee
Rick KentTrustee
Roy PolichTrustee
Tim PeruzziTrustee
Karen AndersonDep Treasure
Mary HebertSecretary
Don BastianelloTreasurer
Lee RomettiVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$295,878
Program Service Revenue
$0
Investment Income
$134,509
Other Revenue
$0
All Other Contributions
$258,000
Change in Net Assets
$259,439

Audited Revenue Reconciliation

Revenue per Audited Statements
$430,387
Total Revenue per Audited Statements
$430,387
Total Revenue per Form 990
$430,387
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$161,500
Other Expenses$9,448
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$151,250--$151,250
Grants to Domestic Orgs$10,250--$10,250
Fees for Service Investment Mgmnt Fees$4,663--$4,663
Fees for Services Accounting$4,457--$4,457
Fees for Services Other$328--$328
Total Functional Expenses$170,948$0$0$170,948

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$170,948
Total Expenses per Audited Statements$170,948
Total Expenses per Form 990$170,948
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
West Iron Schools--Education$10,250
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
No
Annual disclosure for covered persons
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, Page 6, Part VI, Line 11B

“Although copies of form 990 are not distributed to each member of the governing board, the form was made available for inspection at the regular meeting of the board prior to filing. All forms and documents are available for public inspection upon request.”

Form 990, Page 6, Part VI, Line 12C

“Annual board meeting discussions.”

Form 990, Page 6, Part VI, Line 19

“All documents, including financial statements, solicitation materials, tax returns, ect. Are on file at the west iron county public school.”

Filing and Contact Details

Filer

Filer Name
Foundation for Ed Opp at Wic School
EIN
38-3147380
Phone
9062659218
Address
PO BOX 71, STAMBAUGH, MI 49964

Signing Officer

Name
Donald Bastianello
Title
Treasurer
Phone
9062659218
Signed
2015-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donald Bastianello
Formed
1994
Legal Domicile
Mi
Voting Board Members
12
Independent Board Members
12
Employees
0

Preparer

Firm
Makela Pollack & Ahonen Pllc
Address
301 N SUFFOLK, IRONWOOD, MI 49938
Preparer
Timothy J Makela
Phone
9069324430
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To receive and disburse funds and gifts of any kind exclusively for the benefit of west iron county schools, or any organization to succeed the board of trustees of west iron county schools. The foundation was established to receive tax deductible contributions and distribute funds for educational projects, mini-grants for teachers and scholarships for graduates of west iron county schools.”

Raw XML Appendix352 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO RECEIVE AND DISBURSE FUNDS AND GIFTS OF ANY KIND EXCLUSIVELY FOR THE BENEFIT OF WEST IRON COUNTY SCHOOLS, OR ANY ORGANIZATION TO SUCCEED THE BOARD OF TRUSTEES OF WEST IRON COUNTY SCHOOLS. THE FOUNDATION WAS ESTABLISHED TO RECEIVE TAX DEDUCTIBLE CONTRIBUTIONS AND DISTRIBUTE FUNDS FOR EDUCATIONAL PROJECTS, MINI-GRANTS FOR TEACHERS AND SCHOLARSHIPS FOR GRADUATES OF WEST IRON COUNTY SCHOOLS.
IRS990/AllOtherContributionsAmt0258000
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BooksInCareOfDetail/PersonNm0DONALD BASTIANELLO
IRS990/BooksInCareOfDetail/PhoneNum03135771605
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 71
IRS990/BooksInCareOfDetail/USAddress/CityNm0STAMBAUGH
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd049964
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0295878
IRS990/CYGrantsAndSimilarPaidAmt0161500
IRS990/CYInvestmentIncomeAmt0134509
IRS990/CYOtherExpensesAmt09448
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0259439
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0170948
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0430387
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0SCHOLARSHIP FUNDS TO WEST IRON COUNTY SCHOOL DISTRICTS GRADUATES FOR SECONDARY EDUCATION.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0170948
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt04457
IRS990/FeesForServicesAccountingGrp/TotalAmt04457
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0328
IRS990/FeesForServicesOtherGrp/TotalAmt0328
IRS990/FeesForSrvcInvstMgmntFeesGrp/ProgramServicesAmt04663
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt04663
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/PersonNm0JON WAARA
IRS990/Form990PartVIISectionAGrp/PersonNm1LEE ROMETTI
IRS990/Form990PartVIISectionAGrp/PersonNm2RANDY SHAWECKER
IRS990/Form990PartVIISectionAGrp/PersonNm3DON BASTIANELLO
IRS990/Form990PartVIISectionAGrp/PersonNm4KAREN ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm5RICK KENT
IRS990/Form990PartVIISectionAGrp/PersonNm6ROY POLICH
IRS990/Form990PartVIISectionAGrp/PersonNm7TIM PERUZZI
IRS990/Form990PartVIISectionAGrp/PersonNm8CHRIS THOMSON
IRS990/Form990PartVIISectionAGrp/PersonNm9RANDY JACOBS
IRS990/Form990PartVIISectionAGrp/PersonNm10MARY HEBERT
IRS990/Form990PartVIISectionAGrp/PersonNm11JIM PELLIZZER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DEP TREASURE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01994
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GovernmentGrantsAmt037878
IRS990/GrantAmt0161500
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0151250
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0151250
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt010250
IRS990/GrantsToDomesticOrgsGrp/TotalAmt010250
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0430387
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt012
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0134509
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0134509
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt03588368
IRS990/InvestmentsPubTradedSecGrp/EOYAmt03912820
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MI
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO RECEIVE AND DISBURSE FUNDS AND GIFTS OF ANY KIND EXCLUSIVELY FOR THE BENEFIT OF WEST IRON COUNTY SCHOOLS, OR ANY ORGANIZATION TO SUCCEED THE BOARD OF TRUSTEES OF WEST IRON COUNTY SCHOOLS. THE FOUNDATION WAS ESTABLISHED TO RECEIVE TAX DEDUCTIBLE CONTRIBUTIONS AND DISTRIBUTE FUNDS FOR EDUCATIONAL PROJECTS, MINI-GRANTS FOR TEACHERS AND SCHOLARSHIPS FOR GRADUATES OF WEST IRON COUNTY SCHOOLS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt03805243
IRS990/NetAssetsOrFundBalancesEOYAmt04064682
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0DONALD BASTIANELLO
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0187563
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt096700
IRS990/PYInvestmentIncomeAmt0560641
IRS990/PYOtherExpensesAmt07929
IRS990/PYRevenuesLessExpensesAmt0643575
IRS990/PYTotalExpensesAmt0104629
IRS990/PYTotalRevenueAmt0748204
IRS990/ReconcilationRevenueExpnssAmt0259439
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0216875
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0151862
IRS990ScheduleA/FactsAndCircumstancesTestTxt0IN THE CURRENT YEAR THE FOUNDATION RECEIVED A DONATION OF 250,000 AND IN THE PRIOR YEAR A DONATION OF 166,667 FROM AN ESTATE OF A DECEASED INDIVIDUAL. THIS IS A ONE-TIME NON-RECURRING EVENT. THE INDIVIDUAL WAS A LOCAL RESIDENT CONCERNED ABOUT THE STUDENTS OF THE LOCAL SCHOOL DISTRICT. THE INDIVIDUAL DID NOT PARTICIPATE ON THE BOARD OF DIRECTORS, HAD NO DECISION MAKING REGARDING THE EXPENDITURE OF THE DONATION AND THE DONATION IS UNRESTRICTED. THIS DONATION CAUSES THE FOUNDATION TO NO LONGER MEET THE PUBLIC SUPPORT TEST. THE FACTS AND CIRCUMSTANCES OF THIS GIFT AND OTHER CONDITIONS EXPERIENCED BY THE FOUNDATION OVER THE PAST 5 YEARS THAT HAVE AFFECTED ITS FUNDRAISING, HOWEVER, PROVIDE A COMPELLING REASON TO CLASSIFY THE FOUNDATION AS A PUBLICLY SUPPORTED ENTITY. OTHER DONATIONS RECEIVED BY THE FOUNDATION HAVE BEEN MINIMAL BECAUSE THE LOCAL COMMUNITY HAS BEEN HARD HIT BY CURRENT ECONOMIC CONDITIONS. A FORMER MINING COMMUNITY, THE IRON RIVER AREA HAS EXPERIENCED A DECLINING POPULATION AND A HIGH UNEMPLOYMENT RATE. THIS HAS INCREASED THE PRESSURE ON THOSE INDIVIDUALS OF MEANS TO SUPPORT THE CHARITABLE ORGANIZATIONS PROVIDING BASIC NECESSITIES TO THOSE IN NEED. AS A RESULT, FUND RAISING ACTIVITIES HAVE BEEN FAR LESS SUCCESSFUL THAN IN THE PAST. THE FOUNDATION IS GOVERNED BY A VOLUNTARY ACTIVE BOARD THAT IS REPRESENTATIVE OF THE COMMUNITY. OTHER THAN INVESTMENT AND ACCOUNTING FEES, ALL ACTIVITIES OF THE FOUNDATION ARE ON A VOLUNTEER BASIS AND ALL FUNDS SUPPORT STUDENT COLLEGE SCHOLARSHIPS. ALTHOUGH THE FOUNDATION FAILED TO MEET THE PUBLIC SUPPORT TEST, IT SHOULD CONTINUE TO BE CONSIDERED A PUBLIC CHARITY BECAUSE THE GIFTS RECEIVED FROM THESE SUPPORTERS ARE NOT SUBJECT TO ANY CONDITIONS THAT MIGHT GIVE THE DONOR CONTROL AND BECAUSE THE CURRENT AREA ECONOMY HAS CAUSED A SIGNIFICANT DROP IN GENERAL DONATIONS. THE FACTS AND CIRCUMSTANCES OF THIS SITUATION SUPPORT CONTINUATION OF THE FOUNDATION AS A PUBLIC CHARITY.
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0DONATION FROM AN ESTATE, SPLIT BETWEEN 2 YEARS 250,000
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1IN THE CURRENT YEAR THE FOUNDATION RECEIVED A DONATION OF 250,000 AND IN THE PRIOR YEAR A DONATION OF 166,667 FROM AN ESTATE OF A DECEASED INDIVIDUAL. THIS IS A ONE-TIME NON-RECURRING EVENT. THE INDIVIDUAL WAS A LOCAL RESIDENT CONCERNED ABOUT THE STUDENTS OF THE LOCAL SCHOOL DISTRICT. THE INDIVIDUAL DID NOT PARTICIPATE ON THE BOARD OF DIRECTORS, HAD NO DECISION MAKING REGARDING THE EXPENDITURE OF THE DONATION AND THE DONATION IS UNRESTRICTED. THIS DONATION CAUSES THE FOUNDATION TO NO LONGER MEET THE PUBLIC SUPPORT TEST. THE FACTS AND CIRCUMSTANCES OF THIS GIFT AND OTHER CONDITIONS EXPERIENCED BY THE FOUNDATION OVER THE PAST 5 YEARS THAT HAVE AFFECTED ITS FUNDRAISING, HOWEVER, PROVIDE A COMPELLING REASON TO CLASSIFY THE FOUNDATION AS A PUBLICLY SUPPORTED ENTITY. OTHER DONATIONS RECEIVED BY THE FOUNDATION HAVE BEEN MINIMAL BECAUSE THE LOCAL COMMUNITY HAS BEEN HARD HIT BY CURRENT ECONOMIC CONDITIONS. A FORMER MINING COMMUNITY, THE IRON RIVER AREA HAS EXPERIENCED A DECLINING POPULATION AND A HIGH UNEMPLOYMENT RATE. THIS HAS INCREASED THE PRESSURE ON THOSE INDIVIDUALS OF MEANS TO SUPPORT THE CHARITABLE ORGANIZATIONS PROVIDING BASIC NECESSITIES TO THOSE IN NEED. AS A RESULT, FUND RAISING ACTIVITIES HAVE BEEN FAR LESS SUCCESSFUL THAN IN THE PAST. THE FOUNDATION IS GOVERNED BY A VOLUNTARY ACTIVE BOARD THAT IS REPRESENTATIVE OF THE COMMUNITY. OTHER THAN INVESTMENT AND ACCOUNTING FEES, ALL ACTIVITIES OF THE FOUNDATION ARE ON A VOLUNTEER BASIS AND ALL FUNDS SUPPORT STUDENT COLLEGE SCHOLARSHIPS. ALTHOUGH THE FOUNDATION FAILED TO MEET THE PUBLIC SUPPORT TEST, IT SHOULD CONTINUE TO BE CONSIDERED A PUBLIC CHARITY BECAUSE THE GIFTS RECEIVED FROM THESE SUPPORTERS ARE NOT SUBJECT TO ANY CONDITIONS THAT MIGHT GIVE THE DONOR CONTROL AND BECAUSE THE CURRENT AREA ECONOMY HAS CAUSED A SIGNIFICANT DROP IN GENERAL DONATIONS. THE FACTS AND CIRCUMSTANCES OF THIS SITUATION SUPPORT CONTINUATION OF THE FOUNDATION AS A PUBLIC CHARITY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SUPPORTING SCHEDULE
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART II, LINE 17A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt045878
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt020896
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0223747
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt031600
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt036136
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0358257
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0134509
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0560641
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0357182
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0186182
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0267646
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01506160
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0134509
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.19220
IRS990ScheduleA/PublicSupportPY170Pct00.24990
IRS990ScheduleA/PublicSupportTotal170Amt0358257
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt045878
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt020896
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0223747
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt031600
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt036136
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0358257
IRS990ScheduleA/TotalSupportAmt01864417
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt0170948
IRS990ScheduleD/RevenueSubtotalAmt0430387
IRS990ScheduleD/TotalExpensesPerForm990Amt0170948
IRS990ScheduleD/TotalRevenuePerForm990Amt0430387
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0430387
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0170948
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0151250
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt087
IRS990ScheduleI/RecipientTable/CashGrantAmt010250
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0EDUCATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0WEST IRON SCHOOLS
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ALL CONTRIBUTIONS TO THE SCHOLARSHIP FUND ARE TREATED AS PRINCIPAL, WITH THE INCOME AVAILABLE FOR SCHOLARSHIP AWARDS, THE AWARDING OF THE SCHOLARSHIPS IS DETERMINED BY THE WEST IRON COUNTY SCHOLARSHIP COMMITTEE, NOT BY THE FOUNDATION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO RECEIVE AND DISBURSE FUNDS AND GIFTS OF ANY KIND EXCLUSIVELY FOR THE BENEFIT OF WEST IRON COUNTY SCHOOLS, OR ANY ORGANIZATION TO SUCCEED THE BOARD OF TRUSTEES OF WEST IRON COUNTY SCHOOLS. THE FOUNDATION WAS ESTABLISHED TO RECEIVE TAX DEDUCTIBLE CONTRIBUTIONS AND DISTRIBUTE FUNDS FOR EDUCATIONAL PROJECTS, MINI-GRANTS FOR TEACHERS AND SCHOLARSHIPS FOR GRADUATES OF WEST IRON COUNTY SCHOOLS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALTHOUGH COPIES OF FORM 990 ARE NOT DISTRIBUTED TO EACH MEMBER OF THE GOVERNING BOARD, THE FORM WAS MADE AVAILABLE FOR INSPECTION AT THE REGULAR MEETING OF THE BOARD PRIOR TO FILING. ALL FORMS AND DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUAL BOARD MEETING DISCUSSIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL DOCUMENTS, INCLUDING FINANCIAL STATEMENTS, SOLICITATION MATERIALS, TAX RETURNS, ECT. ARE ON FILE AT THE WEST IRON COUNTY PUBLIC SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt03796762
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt04052841
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03805243
IRS990/TotalAssetsEOYAmt04064682
IRS990/TotalAssetsGrp/BOYAmt03805243
IRS990/TotalAssetsGrp/EOYAmt04064682
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0295878
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0170948
IRS990/TotalFunctionalExpensesGrp/TotalAmt0170948
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03805243
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04064682
IRS990/TotalProgramServiceExpensesAmt0170948
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0134509
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0430387
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03805243
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04064682
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt08481
IRS990/UnrestrictedNetAssetsGrp/EOYAmt011841
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 71
IRS990/USAddress/CityNm0STAMBAUGH
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd049964
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0WICFOUNDATION.ORG/BOARD.HTM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DONALD BASTIANELLO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09062659218
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FOUNDATION FOR ED OPP AT WIC SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0FOUN
ReturnHeader/Filer/EIN0383147380
ReturnHeader/Filer/PhoneNum09062659218
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 71
ReturnHeader/Filer/USAddress/CityNm0STAMBAUGH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd049964
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0381816187
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MAKELA POLLACK & AHONEN PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0301 N SUFFOLK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0IRONWOOD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd049938
ReturnHeader/PreparerPersonGrp/PhoneNum09069324430
ReturnHeader/PreparerPersonGrp/PreparationDt02015-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TIMOTHY J MAKELA
ReturnHeader/ReturnTs02015-11-16T07:52:51-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,064,682
Liabilities
$0
Net assets
$4,064,682
Revenue
$430,387
Expenses
$170,948
Net income
$259,439
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.45$0.00$9.45$5.34$0.35$4.99
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.45$0.00$4.45$0.20$0.33$0.13
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.59$0.00$4.59$0.33$0.25$0.08
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.50$0.00$4.50$0.43$0.23$0.20
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.30$0.00$4.30$0.64$0.21$0.43
2016Detailed filing. Detailed filing data is available for this year.$3.87$0.00$3.87$0.06$0.25$0.19
2015Detailed filing. Detailed filing data is available for this year.$4.06$0.00$4.06$0.43$0.17$0.26
2014Detailed filing. Detailed filing data is available for this year.$3.81$0.00$3.81$0.75$0.10$0.64
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.16$0.00$3.16$0.58$0.07$0.51
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.65$0.00$2.65$0.06
2011Summary only. Only limited summary data is available for this year.$2.50$0.00$2.50$0.30$0.07$0.23