Civic Intelligence

Winterset Community Educational Foundation

990 • Fiscal year 2019 • EIN 42-1113061

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 12, 2019

110 West Washington StWinterset, IA 50273

(515) 462-2161

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.19x

Higher debt load relative to assets than 72% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

93rd percentile

1.63x

Higher debt load relative to revenue than 93% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

3rd percentile

-109%

Higher net margin than 3% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

58th percentile

6.2%

Faster asset growth than 58% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

2nd percentile

-75%

Faster revenue growth than 2% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$618,324

Up $36,292 (+6.2%) from 2018

Net Assets

Down

$502,885

Down $70,147 (-12%) from 2018

Liabilities

Up

$115,439

Up $106,439 (+1183%) from 2018

Revenue

Down

$70,820

Down $215,476 (-75%) from 2018

Expenses

Up

$147,948

Up $104,402 (+240%) from 2018

Net Income

Down

-$77,128

Down $319,878 (-132%) from 2018

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2012: $236,624Liabilities 2012: $02012Assets 2013: $219,479Liabilities 2013: $8,913Net Assets 2013: $210,5662013Assets 2014: $247,450Liabilities 2014: $4,384Net Assets 2014: $243,0662014Assets 2015: $254,825Liabilities 2015: $2,989Net Assets 2015: $251,8362015Assets 2016: $329,524Liabilities 2016: $15,186Net Assets 2016: $314,3382016Assets 2018: $582,032Liabilities 2018: $9,000Net Assets 2018: $573,0322018Assets 2019: $618,324Liabilities 2019: $115,439Net Assets 2019: $502,8852019Assets 2020: $596,245Liabilities 2020: $6,218Net Assets 2020: $590,0272020Assets 2021: $733,078Liabilities 2021: $2,926Net Assets 2021: $730,1522021Assets 2022: $675,407Liabilities 2022: $0Net Assets 2022: $675,4072022Assets 2023: $664,586Liabilities 2023: $0Net Assets 2023: $664,5862023Assets 2024: $680,892Liabilities 2024: $0Net Assets 2024: $680,8922024Assets 2025: $756,353Liabilities 2025: $0Net Assets 2025: $756,3532025

Highlighted filing

2019

Assets$618,324
Liabilities$115,439
Net Assets$502,885

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2012: $63,876Expenses 2012: $89,336Net Income 2012: -$25,4602012Revenue 2013: $55,320Expenses 2013: $74,163Net Income 2013: -$18,8432013Revenue 2014: $73,968Expenses 2014: $44,067Net Income 2014: $29,9012014Revenue 2015: $64,952Expenses 2015: $56,929Net Income 2015: $8,0232015Revenue 2016: $122,245Expenses 2016: $67,029Net Income 2016: $55,2162016Revenue 2018: $286,296Expenses 2018: $43,546Net Income 2018: $242,7502018Revenue 2019: $70,820Expenses 2019: $147,948Net Income 2019: -$77,1282019Revenue 2020: $127,385Expenses 2020: $29,253Net Income 2020: $98,1322020Revenue 2021: $131,845Expenses 2021: $22,709Net Income 2021: $109,1362021Revenue 2022: $51,739Expenses 2022: $31,937Net Income 2022: $19,8022022Revenue 2023: $68,196Expenses 2023: $72,026Net Income 2023: -$3,8302023Revenue 2024: $47,044Expenses 2024: $61,308Net Income 2024: -$14,2642024Revenue 2025: $91,918Expenses 2025: $51,632Net Income 2025: $40,2862025

Highlighted filing

2019

Revenue$70,820
Expenses$147,948
Net Income-$77,128
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 12, 2019
Return Version
2018v3.1
Gross Receipts
$70,820
Mission and Program Overview

Mission

To provide enrichment programs and other enhancements for winterset schools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$209,969$456,053▲ $246,084
Pledges and Grants Receivable$221,321$0▼ $221,321
Cash and Non-Interest-Bearing Accounts$67,434$82,092▲ $14,658
Savings and Temporary Cash Investments$83,308$80,179▼ $3,129
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$582,032$618,324▲ $36,292
Other Assets Total-$0-
Liabilities
Other Liabilities$9,000$115,245▲ $106,245
Accounts Payable and Accrued Expenses-$194-
Total Liabilities$9,000$115,439▲ $106,439
Net Assets / Fund Balance
Permanently Rstr Net Assets$451,551$472,856▲ $21,305
Unrestricted Net Assets$121,481$30,029▼ $91,452
Total Net Assets Fund Balance$573,032$502,885▼ $70,147
Total Liabilities and Net Assets / Fund Balance$582,032$618,324▲ $36,292

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$1,982$1,982

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$451,551$9,500▲ $18,796-$472,847
2018$229,033$221,321▲ $7,697-$451,551
2017$200,861$30,000▲ $3,172-$229,033
2016$148,025$19,730▲ $38,106-$200,861
2015$149,997-▲ $2,028-$148,025
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$58,295
Program Service Revenue
$0
Investment Income
$12,525
Other Revenue
$0
All Other Contributions
$58,295
Change in Net Assets
$-77,128
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$130,343
Other Expenses$17,605
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$123,343--$123,343
Grants to Domestic Individuals$7,000--$7,000
All Other Expenses$2,462--$2,462
Other Expenses$2,100--$2,100
Total Functional Expenses$147,948$0$0$147,948
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Winterset Community SchoolsWinterset, IA-Educational Field Trips & Projects$123,343
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Mini Grants Payable$115,245
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The governing board may review the filing individually.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governing, policy, and financial documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Winterset Community Educational
EIN
42-1113061
Phone
5154622161
Address
110 WEST WASHINGTON ST, WINTERSET, IA 50273

Signing Officer

Name
Sarah Cowman
Title
President
Signed
2019-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sarah Cowman
Voting Board Members
14
Independent Board Members
0
Employees
0

Preparer

Firm
Applegate Tax & Accounting LLC
Address
224 E Highway 92 Suite B PO Box 231, WINTERSET, IA 50273
Preparer
David L Negley CPA
Phone
5154624553
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

Change in market value of investments = $6981

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IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt06981
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0EVENT EXPENSES
IRS990/OtherExpensesGrp/Desc1Printing and Publications
IRS990/OtherExpensesGrp/Desc2INVESTMENT FEES
IRS990/OtherExpensesGrp/Desc3LEGAL & ACCOUNTING
IRS990/OtherExpensesGrp/ProgramServicesAmt05926
IRS990/OtherExpensesGrp/ProgramServicesAmt14908
IRS990/OtherExpensesGrp/ProgramServicesAmt22209
IRS990/OtherExpensesGrp/ProgramServicesAmt32100
IRS990/OtherExpensesGrp/TotalAmt05926
IRS990/OtherExpensesGrp/TotalAmt14908
IRS990/OtherExpensesGrp/TotalAmt22209
IRS990/OtherExpensesGrp/TotalAmt32100
IRS990/OtherLiabilitiesGrp/BOYAmt09000
IRS990/OtherLiabilitiesGrp/EOYAmt0115245
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0451551
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0472856
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0221321
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0SARAH COWMAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0EVENTS TO ELICIT FINANCIAL AND VOLUNTEER SUPPORT OF ALUMNI TO SUPPORT THE SCHOOL SYSTEM
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt012697
IRS990/ProgSrvcAccomActy3Grp/Desc0NEWSLETTERS WERE SENT TO CONTRIBUTORS AND TO ALUMNI OF THE SCHOOL SYSTEM TO ELICIT THEIR FINANCIAL AND VOLUNTEER SUPPORT FOR THE SCHOOL SYSTEM.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt04908
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0273930
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt029875
IRS990/PYInvestmentIncomeAmt012366
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt013671
IRS990/PYRevenuesLessExpensesAmt0242750
IRS990/PYTotalExpensesAmt043546
IRS990/PYTotalRevenueAmt0286296
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-77128
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt083308
IRS990/SavingsAndTempCashInvstGrp/EOYAmt080179
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt057875
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0279199
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt055351
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0114448
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt054465
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0561338
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt012525
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt07097
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt08627
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt07797
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt010487
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt046533
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.92340
IRS990ScheduleA/PublicSupportPY170Pct00.92150
IRS990ScheduleA/PublicSupportTotal170Amt0561338
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt057875
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0279199
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt055351
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0114448
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt054465
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0561338
IRS990ScheduleA/TotalSupportAmt0607871
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/CYEndwmtFundGrp/BeginningYearBalanceAmt0451551
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt09500
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0472847
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt07000
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt018796
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0229033
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0221321
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0451551
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt06500
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt07697
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0200861
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt030000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0229033
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt05000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03172
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0148025
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt019730
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0200861
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt05000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt038106
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0149997
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0148025
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt04000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02028
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01982

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