Form 990, Part VI, Section A, Line 2
“Kristine knous, trustee of the gdmcf charitable trust, serves as an officer of and is employed by the community foundation of greater des moines.”
990 • Fiscal year 2017 • EIN 39-6787864
Scores are not available for this record yet.
Assets
Down$16,598
Down $4,373 (-21%) from 2016
Net Assets
Down$16,598
Down $1,667 (-9.1%) from 2016
Liabilities
Down$0
Down $2,706 (-100%) from 2016
Revenue
Up$1,426,695
Up $1,425,340 (+105191%) from 2016
Expenses
Up$1,426,603
Up $1,421,346 (+27037%) from 2016
Net Income
Up$92
Up $3,994 (+102%) from 2016
Support the charitable activities of the community foundation of greater des moines.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $2,706 | $0 | ▼ $2,706 |
| Other Assets Total | $18,265 | $16,598 | ▼ $1,667 |
| Total Assets | $20,971 | $16,598 | ▼ $4,373 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $2,706 | $0 | ▼ $2,706 |
| Total Liabilities | $2,706 | $0 | ▼ $2,706 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $18,265 | $16,598 | ▼ $1,667 |
| Total Net Assets Fund Balance | $18,265 | $16,598 | ▼ $1,667 |
| Total Liabilities and Net Assets / Fund Balance | $20,971 | $16,598 | ▼ $4,373 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Assets Org | $16,598 | - | - |
| Name | Title |
|---|---|
| Kristine Knous | Trustee |
| Contribution Type | Contribution Count | Reported Amount | Valuation Method |
|---|---|---|---|
| Securities Closely Held Stock | 3 | $1,422,130 | Redemption Value |
| Total Noncash Contributions | 3 | $1,422,130 | - |
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $1,423,306 |
| Other Expenses | $3,297 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $1,423,306 | - | - | $1,423,306 |
| Fees for Services Accounting | - | $2,100 | - | $2,100 |
| Fees for Services Other | - | $836 | - | $836 |
| Fees for Services Legal | - | $361 | - | $361 |
| Total Functional Expenses | $1,423,306 | $3,297 | $0 | $1,426,603 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Community Foundation of Greater Des Moines | Des Moines, IA | 501(c)(3) | General Support | $1,423,306 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“Kristine knous, trustee of the gdmcf charitable trust, serves as an officer of and is employed by the community foundation of greater des moines.”
“The trustees of the gdmcf charitable trust are elected by, and serve at the pleasure of, the community foundation of greater des moines' board of directors.”
“The final form 990 is provided to the trustees prior to filing the form with the irs. The trustees are available to review prior to the filing of the form.”
“All trustees, employees, and volunteers are required to disclose any potential conflicts of interest in accordance with the documented conflict of interest policy. Any trustee, employee, or volunteer who suspects a potential or actual conflict exists and has not been disclosed is to report the situation to the board chair. If an undisclosed conflict is determined to exist, appropriate disciplinary action will be taken.”
“The governing documents and conflict of interest policy are available to the public upon request. The consolidated financial statements, including gdmcf charitable trust, are available on the community foundation of greater des moines' website.”
“The gdmcf charitable trust has no employees and does not compensate any trustees. The community foundation of greater des moines, supported organization of gdmcf charitable trust, has employees and a process for determining, reviewing, and approving compensation.”
“Book/tax difference lcs holdings inc k-1 -3,409. Book/tax difference lcs holdings inc gain on sale -410,162.”
“The foundation (community foundation of greater des moines and gdmcf charitable trust) follows the accounting guidance for accounting for uncertainty in income taxes. In accordance with the guidance for uncertainty in income taxes, management has evaluated their material tax positions and determined that there are no income tax effects with respect to its financial statements. The foundation has not been notified of any impending examination and no examinations are currently in progress.”
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/SupplementalInformationDetail/ExplanationTxt | 0 | THE FOUNDATION (COMMUNITY FOUNDATION OF GREATER DES MOINES AND GDMCF CHARITABLE TRUST) FOLLOWS THE ACCOUNTING GUIDANCE FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. IN ACCORDANCE WITH THE GUIDANCE FOR UNCERTAINTY IN INCOME TAXES, MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS AND DETERMINED THAT THERE ARE NO INCOME TAX EFFECTS WITH RESPECT TO ITS FINANCIAL STATEMENTS. THE FOUNDATION HAS NOT BEEN NOTIFIED OF ANY IMPENDING EXAMINATION AND NO EXAMINATIONS ARE CURRENTLY IN PROGRESS. |
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| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 0 | THE GDMCF CHARITABLE TRUST CONTRIBUTES FUNDS TO ITS SUPPORTED ORGANIZATION, COMMUNITY FOUNDATION OF GREATER DES MOINES. THE COMMUNITY FOUNDATION MAINTAINS THE RECORDS TO SUBSTANTIATE ITS GRANTS: AMOUNTS, ELIGIBILITY AND SELECTION CRITERIA. THE CHARITABLE TRUST TRUSTEES SERVE AS OFFICERS OF THE COMMUNITY FOUNDATION. |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | KRISTINE KNOUS, TRUSTEE OF THE GDMCF CHARITABLE TRUST, SERVES AS AN OFFICER OF AND IS EMPLOYED BY THE COMMUNITY FOUNDATION OF GREATER DES MOINES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE TRUSTEES OF THE GDMCF CHARITABLE TRUST ARE ELECTED BY, AND SERVE AT THE PLEASURE OF, THE COMMUNITY FOUNDATION OF GREATER DES MOINES' BOARD OF DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE FINAL FORM 990 IS PROVIDED TO THE TRUSTEES PRIOR TO FILING THE FORM WITH THE IRS. THE TRUSTEES ARE AVAILABLE TO REVIEW PRIOR TO THE FILING OF THE FORM. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | ALL TRUSTEES, EMPLOYEES, AND VOLUNTEERS ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST IN ACCORDANCE WITH THE DOCUMENTED CONFLICT OF INTEREST POLICY. ANY TRUSTEE, EMPLOYEE, OR VOLUNTEER WHO SUSPECTS A POTENTIAL OR ACTUAL CONFLICT EXISTS AND HAS NOT BEEN DISCLOSED IS TO REPORT THE SITUATION TO THE BOARD CHAIR. IF AN UNDISCLOSED CONFLICT IS DETERMINED TO EXIST, APPROPRIATE DISCIPLINARY ACTION WILL BE TAKEN. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE CONSOLIDATED FINANCIAL STATEMENTS, INCLUDING GDMCF CHARITABLE TRUST, ARE AVAILABLE ON THE COMMUNITY FOUNDATION OF GREATER DES MOINES' WEBSITE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | BOOK/TAX DIFFERENCE LCS HOLDINGS INC K-1 -3,409. BOOK/TAX DIFFERENCE LCS HOLDINGS INC GAIN ON SALE -410,162. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | THE GDMCF CHARITABLE TRUST HAS NO EMPLOYEES AND DOES NOT COMPENSATE ANY TRUSTEES. THE COMMUNITY FOUNDATION OF GREATER DES MOINES, SUPPORTED ORGANIZATION OF GDMCF CHARITABLE TRUST, HAS EMPLOYEES AND A PROCESS FOR DETERMINING, REVIEWING, AND APPROVING COMPENSATION. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION A, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART XI, LINE 9: |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART VI, SECTION B, LINE 15: |
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Displayed year
2017 • Form 990Detailed filing. Detailed filing data is available for this year.