Civic Intelligence

Marshalltown Company Employee Benefit Trust

EIN 42-1148350 • 501(c)9 • Marshalltown, IA

Profile

To provide health care coverage

P O Box 738Marshalltown, IA 50158-0738

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2015

Liabilities / Revenue

52nd percentile

0.00x

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

501(c)9 • $1M-$5M nonprofits • Source year 2015

Net Margin

38th percentile

-0.0%

Higher net margin than 38% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Source year 2015

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.

501(c)9 • $1M-$5M nonprofits • Source year 2015

Asset Growth

14th percentile

-100%

Faster asset growth than 14% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

73rd percentile

19%

Faster revenue growth than 73% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$0

Down $334,000 (-100%) from 2014

Liabilities

Down

$0

Down $334,271 (-100%) from 2014

Net Assets

Up

$0

Up $271 (+100%) from 2014

Revenue

Up

$1,811,452

Up $293,093 (+19%) from 2014

Expenses

Up

$1,811,599

Up $293,358 (+19%) from 2014

Net Income

Down

-$147

Down $265 (-225%) from 2014

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0-$100KAssets 2011: $96,000Liabilities 2011: $95,893Net Assets 2011: $1072011Assets 2012: $199,172Liabilities 2012: $198,261Net Assets 2012: $9112012Assets 2013: $229,000Liabilities 2013: $229,389Net Assets 2013: -$3892013Assets 2014: $334,000Liabilities 2014: $334,271Net Assets 2014: -$2712014Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015

Highlighted filing

2015

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $1,338,240Expenses 2011: $1,338,782Net Income 2011: -$5422011Revenue 2012: $1,487,465Expenses 2012: $1,486,661Net Income 2012: $8042012Revenue 2013: $1,488,343Expenses 2013: $1,489,643Net Income 2013: -$1,3002013Revenue 2014: $1,518,359Expenses 2014: $1,518,241Net Income 2014: $1182014Revenue 2015: $1,811,452Expenses 2015: $1,811,599Net Income 2015: -$1472015

Highlighted filing

2015

Revenue$1,811,452
Expenses$1,811,599
Net Income-$147

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Apr 13, 2016
Return Version
2014v6.0
Gross Receipts
$1,811,452
Mission and Program Overview

Mission

To provide health care coverage

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$334,000$0▼ $334,000
Cash and Non-Interest-Bearing Accounts-$0-
Savings and Temporary Cash Investments-$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 Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Rtn Earn Endowment Incm Other Fnds$-271$0▲ $271
Total Assets$334,000$0▼ $334,000
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$334,271--
Total Liabilities$334,271$0▼ $334,271
Net Assets / Fund Balance
Total Net Assets Fund Balance$-271$0▲ $271
Total Liabilities and Net Assets / Fund Balance$334,000$0▼ $334,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Anne LaubenthalTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,811,452
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-147

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,811,452
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,811,452
Total Revenue per Form 990
$1,811,452
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$332,487
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$1,479,112--$1,479,112
Other Expenses$106,964--$106,964
Total Functional Expenses$1,811,599$0$0$1,811,599

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,811,599
Expenses per Audited Statements$1,547,720
Total Expenses per Audited Statements$1,547,720
Expenses Not Reported on Financial Statements$263,879
Other Expense Adjustments$263,879
Expenses Not Reported on Form 990$0
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
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
Yes
Audit committee
No
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7B

Changes made to marshalltown company employee benefit trust are subject to approval.

Form 990, Part VI, Section B, Line 11

Tax return was reviewed by the signing officer for completeness and accuracy before filed with the internal revenue service.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Marshalltown Company Employee Benefit Trust
EIN
42-1148350
Phone
6417535999
Address
P O BOX 738, MARSHALLTOWN, IA 50158-0738

Signing Officer

Name
Jeffrey Rasmussen
Title
CFO
Phone
6417535999
Signed
2016-04-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joe Carter
Formed
1992
Legal Domicile
Ia
Voting Board Members
2
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Honkamp Krueger & Co Pc
Address
P O BOX 699, DUBUQUE, IA 52004-0699
Preparer
Randolph J Mihm CPA
Phone
5635560123
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

DISSOLUTION 418.

Financial Statement Notes

PART X, LINE 2:

The plan is a tax-exempt organization as described in section 501(c)(9) of the internal revenue code ("irc"). As such, the plan is subject to federal and state income taxes only on any net unrelated business income under the plan provisions of section 511 of the irc. The plan had no such income during the years ended june 30, 2015 and 2014. Therefore, no provision for income tax has been included in the plan's financial statements. Management has determined that the plan does not have any uncertain tax positions and associated unrecognized benefits that materially impact the financial statements or related disclosures. Since tax matters are subject to some degree of uncertainty, there can be no assurance that the plan's tax returns will not be challenged by the taxing authorities and that the plan will not be subject to additional tax, penalties and interest as a result of such challenge.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Change in claims payable 263,879.

Raw XML Appendix334 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.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PLAN IS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE ("IRC"). AS SUCH, THE PLAN IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ONLY ON ANY NET UNRELATED BUSINESS INCOME UNDER THE PLAN PROVISIONS OF SECTION 511 OF THE IRC. THE PLAN HAD NO SUCH INCOME DURING THE YEARS ENDED JUNE 30, 2015 AND 2014. THEREFORE, NO PROVISION FOR INCOME TAX HAS BEEN INCLUDED IN THE PLAN'S FINANCIAL STATEMENTS. MANAGEMENT HAS DETERMINED THAT THE PLAN DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AND ASSOCIATED UNRECOGNIZED BENEFITS THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES. SINCE TAX MATTERS ARE SUBJECT TO SOME DEGREE OF UNCERTAINTY, THERE CAN BE NO ASSURANCE THAT THE PLAN'S TAX RETURNS WILL NOT BE CHALLENGED BY THE TAXING AUTHORITIES AND THAT THE PLAN WILL NOT BE SUBJECT TO ADDITIONAL TAX, PENALTIES AND INTEREST AS A RESULT OF SUCH CHALLENGE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CHANGE IN CLAIMS PAYABLE 263,879.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CHANGES MADE TO MARSHALLTOWN COMPANY EMPLOYEE BENEFIT TRUST ARE SUBJECT TO APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TAX RETURN WAS REVIEWED BY THE SIGNING OFFICER FOR COMPLETENESS AND ACCURACY BEFORE FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DISSOLUTION 418.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
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IRS990/TotalProgramServiceExpensesAmt01811599
IRS990/TotalProgramServiceRevenueAmt01811452
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01811452
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01811452
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0334000
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0104 S 8TH AVENUE
IRS990/USAddress/CityNm0MARSHALLTOWN
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd0501580738
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFFREY RASMUSSEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum06417535999
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-04-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MARSHALLTOWN COMPANY EMPLOYEE BENEFIT TRUST
ReturnHeader/Filer/BusinessNameControlTxt0MARS
ReturnHeader/Filer/EIN0421148350
ReturnHeader/Filer/PhoneNum06417535999
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 738
ReturnHeader/Filer/USAddress/CityNm0MARSHALLTOWN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd0501580738
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0420946155
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HONKAMP KRUEGER & CO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0P O BOX 699
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DUBUQUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0520040699
ReturnHeader/PreparerPersonGrp/PhoneNum05635560123
ReturnHeader/PreparerPersonGrp/PreparationDt02016-04-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RANDOLPH J MIHM CPA
ReturnHeader/ReturnTs02016-04-15T09:13:55-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

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