Civic Intelligence

Winterset Community Educational Foundation

990 • Fiscal year 2024 • EIN 42-1113061

Jul 01, 2023 to Jun 30, 2024 • Filed on May 14, 2025

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

33rd percentile

0.00x

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

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

33rd percentile

0.00x

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

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

10th percentile

-30%

Higher net margin than 10% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

46th percentile

2.5%

Faster asset growth than 46% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

10th percentile

-31%

Faster revenue growth than 10% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$680,892

Up $16,306 (+2.5%) from 2023

Net Assets

Up

$680,892

Up $16,306 (+2.5%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue

Down

$47,044

Down $21,152 (-31%) from 2023

Expenses

Down

$61,308

Down $10,718 (-15%) from 2023

Net Income

Down

-$14,264

Down $10,434 (-272%) from 2023

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

2024

Assets$680,892
Liabilities$0
Net Assets$680,892

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

2024

Revenue$47,044
Expenses$61,308
Net Income-$14,264
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$47,044
Mission and Program Overview

Mission

To provide enrichment programs and other enhancements for winterset schools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$531,938$569,641▲ $37,703
Cash and Non-Interest-Bearing Accounts$82,458$57,848▼ $24,610
Savings and Temporary Cash Investments$50,190$53,403▲ $3,213
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$664,586$680,892▲ $16,306
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$532,360$571,002▲ $38,642
Net Assets Without Donor Restrictions$132,226$109,890▼ $22,336
Total Net Assets Fund Balance$664,586$680,892▲ $16,306
Total Liabilities and Net Assets / Fund Balance$664,586$680,892▲ $16,306

Asset Categories

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

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$532,360-▲ $56,142-$571,002
2023$560,472-▼ $13,112-$532,360
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
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$22,070
Program Service Revenue
$0
Investment Income
$24,974
Other Revenue
$0
All Other Contributions
$22,070
Change in Net Assets
$-14,264
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$43,855
Other Expenses$17,453
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$26,355--$26,355
Grants to Domestic Individuals$17,500--$17,500
Fees for Service Investment Mgmnt Fees-$2,777-$2,777
Fees for Services Accounting-$1,200-$1,200
Other Expenses$836$1,834-$836
Office Expenses-$716-$716
All Other Expenses-$310-$310
Advertising-$100-$100
Fees for Services Other-$28-$28
Total Functional Expenses$54,343$6,965$0$61,308
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Winterset Community SchoolsWinterset, IA-Educational Field Trips & Projects$26,355
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, Section B, Line 11B

The governing board may review the filing individually.

Form 990, Part VI, Section C, Line 19

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
Kenna Johnson
Title
President
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenna Johnson
Voting Board Members
10
Independent Board Members
10
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 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 PROGRAM SERVICES 6: VARIOUS EVENTS

Form 990, Part XI, Line 9

Market value adjustment = $30570

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IRS990/ProgSrvcAccomActy3Grp/Desc0EVENTS TO ELICIT FINANCIAL AND VOLUNTEER SUPPORT OF ALUMNI TO SUPPORT THE SCHOOL SYSTEM
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt06018
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt050570
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt053298
IRS990/PYInvestmentIncomeAmt017626
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt018728
IRS990/PYRevenuesLessExpensesAmt0-3830
IRS990/PYTotalExpensesAmt072026
IRS990/PYTotalRevenueAmt068196
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-14264
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt050190
IRS990/SavingsAndTempCashInvstGrp/EOYAmt053403
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt022070
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt050570
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt026378
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt080063
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt098746
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0277827
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt024974
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt017626
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt025246
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt051782
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt015912
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0135540
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.67210
IRS990ScheduleA/PublicSupportTotal170Amt0277827
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt022070
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt050570
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt026378
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt080063
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt098746
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0277827
IRS990ScheduleA/TotalSupportAmt0413367
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0532360
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0571002
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt017500
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt056142
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0560472
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0532360
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt015000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-13112
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0579908
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt020079
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0540872
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt09800
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-49315
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0427841
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt075609
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0579908
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt06000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt082458
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0472847
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt043495
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0427841
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt092300
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03799
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01982
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01982
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/TotalBookValueProgramRltdAmt0569641
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt017500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0COLLEGE SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt05
IRS990ScheduleI/RecipientTable/CashGrantAmt026355
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0EDUCATIONAL FIELD TRIPS & PROJECTS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0WINTERSET COMMUNITY SCHOOLS
IRS990ScheduleI/RecipientTable/RecipientEIN0426036418
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0110 WEST WASHINGTON ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0WINTERSET
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd050273
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0PUBLIC RECORDS ARE REVIEWED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER 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 PROGRAM SERVICES 6: VARIOUS EVENTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BOARD MAY REVIEW THE FILING INDIVIDUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING, POLICY, AND FINANCIAL DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MARKET VALUE ADJUSTMENT = $30570
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0664586
IRS990/TotalAssetsEOYAmt0680892
IRS990/TotalAssetsGrp/BOYAmt0664586
IRS990/TotalAssetsGrp/EOYAmt0680892
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt022070
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06965
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt054343
IRS990/TotalFunctionalExpensesGrp/TotalAmt061308
IRS990/TotalGrossUBIAmt00

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