Civic Intelligence

Winterset Community Educational Foundation

990 • Fiscal year 2022 • EIN 42-1113061

Jul 01, 2021 to Jun 30, 2022 • Filed on May 15, 2023

303 Wambold DriveWinterset, IA 50273

(515) 462-2161

Siviq Scores

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

Liabilities / Assets

31st percentile

0.00x

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

31st percentile

0.00x

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

84th percentile

38%

Higher net margin than 84% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

25th percentile

-7.9%

Faster asset growth than 25% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

5th percentile

-61%

Faster revenue growth than 5% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Down

$675,407

Down $57,671 (-7.9%) from 2021

Net Assets

Down

$675,407

Down $54,745 (-7.5%) from 2021

Liabilities

Down

$0

Down $2,926 (-100%) from 2021

Revenue

Down

$51,739

Down $80,106 (-61%) from 2021

Expenses

Up

$31,937

Up $9,228 (+41%) from 2021

Net Income

Down

$19,802

Down $89,334 (-82%) from 2021

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

2022

Assets$675,407
Liabilities$0
Net Assets$675,407

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

2022

Revenue$51,739
Expenses$31,937
Net Income$19,802
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.1
Gross Receipts
$51,739
Mission and Program Overview

Mission

To provide enrichment programs and other enhancements for winterset schools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$576,101$536,926▼ $39,175
Cash and Non-Interest-Bearing Accounts$106,041$84,750▼ $21,291
Savings and Temporary Cash Investments$50,936$53,731▲ $2,795
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$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$733,078$675,407▼ $57,671
Other Assets Total-$0-
Liabilities
Other Liabilities$2,926--
Total Liabilities$2,926$0▼ $2,926
Net Assets / Fund Balance
Net Assets With Donor Restrictions$579,908$540,874▼ $39,034
Net Assets Without Donor Restrictions$150,244$134,533▼ $15,711
Total Net Assets Fund Balance$730,152$675,407▼ $54,745
Total Liabilities and Net Assets / Fund Balance$733,078$675,407▼ $57,671

Asset Categories

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

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$579,908$20,079▼ $49,315-$540,872
2021$427,841$75,609▲ $82,458-$579,908
2020$472,847$43,495▲ $3,799-$427,841
2019$451,551$9,500▲ $18,796-$472,847
2018$229,033$221,321▲ $7,697-$451,551
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$25,126
Program Service Revenue
$1,261
Investment Income
$25,352
Other Revenue
$0
All Other Contributions
$17,327
Change in Net Assets
$19,802
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$18,582
Grants and Similar Amounts Paid$13,355
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$9,800--$9,800
Grants to Domestic Orgs$3,555--$3,555
All Other Expenses$2,753--$2,753
Other Expenses$2,310$3,064-$2,310
Advertising$2,101--$2,101
Total Functional Expenses$28,873$3,064$0$31,937
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
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
303 WAMBOLD DRIVE, WINTERSET, IA 50273

Signing Officer

Name
Sarah Cowman
Title
President
Signed
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sarah Cowman
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
50

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
5159879598
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: scholarships were granted to qualifying high school seniors OTHER PROGRAM SERVICES 5: APPRECIATION LUNCHEON FOR TEACHERS BEFORE THE BEGINNING OF THE SCHOOL YEAR

Other Changes In Net Assets Or Fund Balances - Other Decreases

Change in market value of investments = -$74547

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IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt0-74547
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0LABOR
IRS990/OtherExpensesGrp/Desc1NEWSLETTER
IRS990/OtherExpensesGrp/Desc2INVESTMENT FEES
IRS990/OtherExpensesGrp/Desc3TEACHER LUNCHEON
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03064
IRS990/OtherExpensesGrp/ProgramServicesAmt04773
IRS990/OtherExpensesGrp/ProgramServicesAmt13581
IRS990/OtherExpensesGrp/ProgramServicesAmt22310
IRS990/OtherExpensesGrp/TotalAmt04773
IRS990/OtherExpensesGrp/TotalAmt13581
IRS990/OtherExpensesGrp/TotalAmt23064
IRS990/OtherExpensesGrp/TotalAmt32310
IRS990/OtherLiabilitiesGrp/BOYAmt02926
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0SARAH COWMAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0SPONSORSHIPTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01261
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01261
IRS990/ProgSrvcAccomActy2Grp/Desc0EVENTS TO ELICIT FINANCIAL AND VOLUNTEER SUPPORT OF ALUMNI TO SUPPORT THE SCHOOL SYSTEM
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt09627
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/ExpenseAmt03581
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt079163
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt014250
IRS990/PYInvestmentIncomeAmt051782
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt08459
IRS990/PYProgramServiceRevenueAmt0900
IRS990/PYRevenuesLessExpensesAmt0109136
IRS990/PYTotalExpensesAmt022709
IRS990/PYTotalRevenueAmt0131845
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt019802
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt050936
IRS990/SavingsAndTempCashInvstGrp/EOYAmt053731
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt026378
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt080063
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt098746
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt057875
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0279199
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0542261
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt025246
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt051782
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt015912
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt012525
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt07097
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0112562
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.82810
IRS990ScheduleA/PublicSupportPY170Pct00.85620
IRS990ScheduleA/PublicSupportTotal170Amt0542261
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt026378
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt080063
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt098746
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt057875
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0279199
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0542261
IRS990ScheduleA/TotalSupportAmt0654823
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0579908
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt020079
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0540872
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt09800
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-49315
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0427841
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt075609
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0579908
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt06000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt082458
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0472847
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt043495
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0427841
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt092300
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03799
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0451551
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt09500
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0472847
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt07000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt018796
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0229033
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0221321
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0451551
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt06500
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt07697
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01982
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01982
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/TotalBookValueProgramRltdAmt0536926
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt09800
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0COLLEGE SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt05
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0PUBLIC RECORDS ARE REVIEWED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false

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