Civic Intelligence

Foundation for Educational Opportunity at West Iron County Sc

990 • Fiscal year 2019 • EIN 38-3147380

Jul 01, 2018 to Jun 30, 2019 • Filed on Jan 21, 2020

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

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

81st percentile

25%

Higher net margin than 81% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

46th percentile

1.8%

Faster asset growth than 46% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

13th percentile

-23%

Faster revenue growth than 13% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$4,585,259

Up $82,555 (+1.8%) from 2018

Net Assets

Up

$4,585,259

Up $82,555 (+1.8%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin81st percentile

Revenue

Down

$334,151

Down $99,457 (-23%) from 2018

Expenses

Up

$251,596

Up $16,684 (+7.1%) from 2018

Net Income

Down

$82,555

Down $116,141 (-58%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth46th 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

2019

Assets$4,585,259
Liabilities$0
Net Assets$4,585,259
Open 2019 Filing

Operations Trend

Revenue Growth13th 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

2019

Revenue$334,151
Expenses$251,596
Net Income$82,555
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jan 21, 2020
Return Version
2018v3.2
Gross Receipts
$334,151
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$4,439,267$4,523,453▲ $84,186
Savings and Temporary Cash Investments$63,437$61,806▼ $1,631
Total Assets$4,502,704$4,585,259▲ $82,555
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$4,499,474$4,585,259▲ $85,785
Unrestricted Net Assets$3,230--
Total Net Assets Fund Balance$4,502,704$4,585,259▲ $82,555
Total Liabilities and Net Assets / Fund Balance$4,502,704$4,585,259▲ $82,555
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$10,215
Program Service Revenue
$0
Investment Income
$323,936
Other Revenue
$0
All Other Contributions
$10,215
Change in Net Assets
$82,555

Audited Revenue Reconciliation

Revenue per Audited Statements
$334,151
Total Revenue per Audited Statements
$334,151
Total Revenue per Form 990
$334,151
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$244,000
Other Expenses$7,596
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$236,000--$236,000
Grants to Domestic Orgs$8,000--$8,000
Fees for Services Accounting-$6,314-$6,314
Fees for Service Investment Mgmnt Fees-$950-$950
Fees for Services Other-$332-$332
Total Functional Expenses$244,000$7,596$0$251,596

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$251,596
Total Expenses per Audited Statements$251,596
Total Expenses per Form 990$251,596
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
West Iron Schools--Education$8,000
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Don Bastianello
Title
Treasurer
Phone
9062659218
Signed
2020-01-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Don Bastianello
Formed
1994
Legal Domicile
Mi
Voting Board Members
10
Independent Board Members
10
Employees
0

Preparer

Firm
Makela Pollack & Ahonen Pllc
Address
301 N SUFFOLK, IRONWOOD, MI 49938
Preparer
Karl T Ahonen
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 Appendix346 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/AllOtherContributionsAmt010215
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
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/CYContributionsGrantsAmt010215
IRS990/CYGrantsAndSimilarPaidAmt0244000
IRS990/CYInvestmentIncomeAmt0323936
IRS990/CYOtherExpensesAmt07596
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt082555
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0251596
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0334151
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/ExpenseAmt0244000
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt06314
IRS990/FeesForServicesAccountingGrp/TotalAmt06314
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0332
IRS990/FeesForServicesOtherGrp/TotalAmt0332
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt0950
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt0950
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/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
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/PersonNm0JON WAARA
IRS990/Form990PartVIISectionAGrp/PersonNm1LEE ROMETTI
IRS990/Form990PartVIISectionAGrp/PersonNm2DON BASTIANELLO
IRS990/Form990PartVIISectionAGrp/PersonNm3KAREN ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm4RICK KENT
IRS990/Form990PartVIISectionAGrp/PersonNm5ROY POLICH
IRS990/Form990PartVIISectionAGrp/PersonNm6TIM PERUZZI
IRS990/Form990PartVIISectionAGrp/PersonNm7CHRIS THOMSON
IRS990/Form990PartVIISectionAGrp/PersonNm8RANDY JACOBS
IRS990/Form990PartVIISectionAGrp/PersonNm9MARY HEBERT
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/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/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01994
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantAmt0244000
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0236000
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0236000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt08000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt08000
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0334151
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt010
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0323936
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0323936
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt04439267
IRS990/InvestmentsPubTradedSecGrp/EOYAmt04523453
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/NetAssetsOrFundBalancesBOYAmt04502704
IRS990/NetAssetsOrFundBalancesEOYAmt04585259
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0DON BASTIANELLO
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0101078
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0227000
IRS990/PYInvestmentIncomeAmt0332530
IRS990/PYOtherExpensesAmt07912
IRS990/PYRevenuesLessExpensesAmt0198696
IRS990/PYTotalExpensesAmt0234912
IRS990/PYTotalRevenueAmt0433608
IRS990/ReconcilationRevenueExpnssAmt082555
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt063437
IRS990/SavingsAndTempCashInvstGrp/EOYAmt061806
IRS990ScheduleA/FactsAndCircumstancesTestTxt0DURING THE CURRENT YEAR, DONATIONS FROM 6 INDIVIDUALS WERE RECEIVED IN THE AMOUNT OF 10,050. LAST YEAR, DONATIONS OF 95,621 WERE RECEIVED FROM FIVE INDIVIDUALS. THESE DONATIONS ARE NON-RECURRING EVENTS. THE INDIVIDUALS THAT MADE THE CONTRIBUTIONS ARE LOCAL RESIDENTS OR FORMER ALUMNI THAT ARE CONCERNED ABOUT THE STUDENTS OF THE LOCAL SCHOOL DISTRICT. THE INDIVIDUALS MAKING THE CONTRIBUTIONS NEVER PARTICIPATED ON THE BOARD OF DIRECTORS OF THE FOUNDATION AND HAD NO DECISION MAKING POWERS REGARDING THE SPENDING OF THE CONTRIBUTIONS. THESE DONATIONS AND INVESTMENT EARNINGS CAUSE THE FOUNDATION TO NO LONGER MEET THE PUBLIC SUPPORT TEST. THE FACTS AND CIRCUMSTANCES OF THE GIFTS AND OTHER CONDITIONS EXPERIENCED BY THE FOUNDATION OVER THE PAST 5 YEARS 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 HIT BY CURRENT ECONOMIC CONDITIONS. A FORMER MINING COMMUNITY, THE IRON RIVER AREA HAS EXPERIENCED A DECLINING POPULATION AND A HIGH UNEMPLOYMENT RATE. VERY RECENTLY, A STATE PRISON THAT WAS IN A NEIGHBORING COUNTY WHERE MANY OF THE IRON COUNTY RESIDENTS WERE EMPLOYED, WAS CLOSED. THIS FORCED MORE RESIDENTS TO RELOCATE OR BECOME UNEMPLOYED. THESE ISSUES HAVE 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.
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0DURING THE CURRENT YEAR, DONATIONS FROM 6 INDIVIDUALS WERE RECEIVED IN THE AMOUNT OF 10,050. LAST YEAR, DONATIONS OF 95,621 WERE RECEIVED FROM FIVE INDIVIDUALS. THESE DONATIONS ARE NON-RECURRING EVENTS. THE INDIVIDUALS THAT MADE THE CONTRIBUTIONS ARE LOCAL RESIDENTS OR FORMER ALUMNI THAT ARE CONCERNED ABOUT THE STUDENTS OF THE LOCAL SCHOOL DISTRICT. THE INDIVIDUALS MAKING THE CONTRIBUTIONS NEVER PARTICIPATED ON THE BOARD OF DIRECTORS OF THE FOUNDATION AND HAD NO DECISION MAKING POWERS REGARDING THE SPENDING OF THE CONTRIBUTIONS. THESE DONATIONS AND INVESTMENT EARNINGS CAUSE THE FOUNDATION TO NO LONGER MEET THE PUBLIC SUPPORT TEST. THE FACTS AND CIRCUMSTANCES OF THE GIFTS AND OTHER CONDITIONS EXPERIENCED BY THE FOUNDATION OVER THE PAST 5 YEARS 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 HIT BY CURRENT ECONOMIC CONDITIONS. A FORMER MINING COMMUNITY, THE IRON RIVER AREA HAS EXPERIENCED A DECLINING POPULATION AND A HIGH UNEMPLOYMENT RATE. VERY RECENTLY, A STATE PRISON THAT WAS IN A NEIGHBORING COUNTY WHERE MANY OF THE IRON COUNTY RESIDENTS WERE EMPLOYED, WAS CLOSED. THIS FORCED MORE RESIDENTS TO RELOCATE OR BECOME UNEMPLOYED. THESE ISSUES HAVE 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.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 17A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt010215
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0101078
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt080318
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt054635
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt045878
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0292124
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0323936
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0332530
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0563394
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt06063
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0134509
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01360432
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0656466
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.17680
IRS990ScheduleA/PublicSupportPY170Pct00.15940
IRS990ScheduleA/PublicSupportTotal170Amt0292124
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt010215
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0101078
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt080318
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt054635
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt045878
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0292124
IRS990ScheduleA/TotalSupportAmt01652556
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/ExpensesSubtotalAmt0251596
IRS990ScheduleD/RevenueSubtotalAmt0334151
IRS990ScheduleD/TotalExpensesPerForm990Amt0251596
IRS990ScheduleD/TotalRevenuePerForm990Amt0334151
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0334151
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0251596
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0236000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/RecipientTable/CashGrantAmt08000
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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt04499474
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt04585259
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04502704
IRS990/TotalAssetsEOYAmt04585259
IRS990/TotalAssetsGrp/BOYAmt04502704
IRS990/TotalAssetsGrp/EOYAmt04585259
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt010215
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt07596
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0244000
IRS990/TotalFunctionalExpensesGrp/TotalAmt0251596
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04502704
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04585259
IRS990/TotalProgramServiceExpensesAmt0244000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0323936
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0334151
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04502704
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04585259
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt03230
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 71
IRS990/USAddress/CityNm0STAMBAUGH
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd049964
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WICFOUNDATION.ORG/BOARD.HTM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DON BASTIANELLO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09062659218
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-01-21
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/FilingSecurityInformation/AtSubmissionCreationDeviceId001BE6AA497E26E3100D85EB1DC770F3F939B7A4B
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C6B164DE373F4932D5D1857BAA364E240029C267
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.213.30.38
ReturnHeader/FilingSecurityInformation/IPDt02020-01-23
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm007:16:51
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/PreparationDt02020-01-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KARL T AHONEN
ReturnHeader/ReturnTs02020-01-23T07:16:51-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,585,259
Liabilities
$0
Net assets
$4,585,259
Revenue
$334,151
Expenses
$251,596
Net income
$82,555
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
2019Detailed filing. Detailed filing data is available for this year.$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