Civic Intelligence

Mcelroy Clarke Loan Fund

990EZ • Fiscal year 2008 • EIN 42-1202190

Jan 01, 2008 to Dec 31, 2008 • Filed on Jul 21, 2010

Organization Profile
1550 Clarke Drive52001
Siviq Scores

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

Liabilities / Assets

78th percentile

0.00x

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

2008 filings • 501(c)3 • <$500k nonprofits • Source year 2008

Liabilities / Revenue

77th percentile

0.00x

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

2008 filings • 501(c)3 • <$500k nonprofits • Source year 2008

Net Margin

95th percentile

92%

Higher net margin than 95% of similar nonprofits.

2008 filings • 501(c)3 • <$500k nonprofits • Source year 2008

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2008

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2008

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2008

Balance Sheet
Liabilities / Assets78th percentile

Assets

$371,555

No earlier filing loaded for comparison.

Net Assets

$371,555

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin95th percentile

Revenue

$26,951

No earlier filing loaded for comparison.

Expenses

$2,105

No earlier filing loaded for comparison.

Net Income

$24,846

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$400K$300K$200K$100K$0Assets 2008: $371,555Liabilities 2008: $0Net Assets 2008: $371,5552008Assets 2010: $364,801Liabilities 2010: $0Net Assets 2010: $364,8012010Assets 2011: $379,267Liabilities 2011: $0Net Assets 2011: $379,2672011

Highlighted filing

2008

Assets$371,555
Liabilities$0
Net Assets$371,555
Open 2008 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$30K$20K$10K$0-$10KRevenue 2008: $26,951Expenses 2008: $2,105Net Income 2008: $24,8462008Revenue 2010: $9,877Expenses 2010: $13,212Net Income 2010: -$3,3352010Revenue 2011: $8,566Expenses 2011: $406Net Income 2011: $8,1602011

Highlighted filing

2008

Revenue$26,951
Expenses$2,105
Net Income$24,846
Open 2008 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2008 to Dec 31, 2008
Signed
Jul 21, 2010
Return Version
2008v2.7
Filing and Contact Details

Filer

EIN
42-1202190
Raw XML Appendix143 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRpt00
IRS990EZ/AmountOfTaxImposedOnOrgMgr00
IRS990EZ/AmountOfTaxReimbursedByOrg00
IRS990EZ/BenefitsPaidToOrForMembers00
IRS990EZ/CashSavingsAndInvestments/BOY076729
IRS990EZ/CashSavingsAndInvestments/EOY088653
IRS990EZ/ContributionsGiftsGrantsEtc00
IRS990EZ/CostOfGoodsSold00
IRS990EZ/CostOtherBasisAndSalesExpenses00
IRS990EZ/DidOrgFileForm1120POLThisYear00
IRS990EZ/DirectIndirectPoliticalExpend00
IRS990EZ/EngagedInExcessBenefitTrans00
IRS990EZ/EngageInLobbyingActivities00
IRS990EZ/EngagePoliticalCmpgnActivities00
IRS990EZ/ExcessOrDeficitForYear024846
IRS990EZ/FeesAndOthPymtToIndContractors02105
IRS990EZ/ForeignFinancialAccount00
IRS990EZ/ForeignOffice00
IRS990EZ/GainOrLossFromSaleOfAssets00
IRS990EZ/GrantsAndSimilarAmountsPaid00
IRS990EZ/GroProfitLossSalesOfInventory00
IRS990EZ/GrossAmountFromSaleOfAssets00
IRS990EZ/GrossReceipts026951
IRS990EZ/GrossSalesOfInventory00
IRS990EZ/InvestmentIncome04824
IRS990EZ/LandAndBuildings/BOY00
IRS990EZ/LandAndBuildings/EOY00
IRS990EZ/MadeChangesToOrgnzngEtcDoc00
IRS990EZ/MadeLoansToFromOfficers00
IRS990EZ/MaintainAnyDonorAdvisedFunds00
IRS990EZ/MembershipDues00
IRS990EZ/MethodOfAccountingAccrual0X
IRS990EZ/NetAssetsOrFundBalances/BOY0351145
IRS990EZ/NetAssetsOrFundBalancesBOY0351145
IRS990EZ/NetAssetsOrFundBalances/EOY0371555
IRS990EZ/NetAssetsOrFundBalancesEOY0371555
IRS990EZ/OccupancyRentUtilitiesAndMaint00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/AddressLine101550 Clarke Drive
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/AddressLine111550 Clarke Drive
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/AddressLine121550 Clarke Drive
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/City0Dubuque
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/City1Dubuque
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/City2Dubuque
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/State0IA
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/State1IA
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/State2IA
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/ZIPCode052001
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/ZIPCode152001
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/ZIPCode252001
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition00.2
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition10.2
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition20.2
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation10
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation20
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ContriToEmplBenefitPlansEtc00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ContriToEmplBenefitPlansEtc10
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ContriToEmplBenefitPlansEtc20
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ExpenseAccountOtherAllowances00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ExpenseAccountOtherAllowances10
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ExpenseAccountOtherAllowances20
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName0Thomas V Lynch
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName1Joanne M Burrows
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName2Deanna S McCormick
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title0Chair
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title1President/Ex-officio
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title2VP Business & Finance
IRS990EZ/OperatingSchool00
IRS990EZ/Organization501c0X
IRS990EZ/OrganizationDissolvedEtc00
IRS990EZ/OrganizationHadUBI00
IRS990EZ/OtherAssetsTotal/BOY0274416
IRS990EZ/OtherAssetsTotal/EOY0282902
IRS990EZ/OtherChangesInNetAssets0-4436
IRS990EZ/OtherExpensesTotal00
IRS990EZ/OtherRevenueTotal011600
IRS990EZ/PartVIAHghstPaidCntrctProfSer0NONE
IRS990EZ/PartVIOfCompOfHighestPaidEmpl0NONE
IRS990EZ/PrimaryExemptPurpose0To provide educational loans to students at Clarke College.
IRS990EZ/PrintingPublicationsPostage00
IRS990EZ/ProgramServiceAccomplishment/DescriptionProgramServiceAccom0Advanced 41 loans totalling $32,343 to directly qualified students of Clarke College.
IRS990EZ/ProgramServiceAccomplishment/GrantsAndAllocations00
IRS990EZ/ProgramServiceAccomplishment/ProgramServiceExpenses02105
IRS990EZ/ProgramServiceRevenue010527
IRS990EZ/ProhibitedTaxShelterTrans00
IRS990EZ/RelatedOrgControlledEntity00
IRS990EZ/SalariesOtherCompEmplBenefits00
IRS990EZ/ScheduleBNotRequired0X
IRS990EZ/SpecialEventsDirectExpenses00
IRS990EZ/SpecialEventsGrossRevenue00
IRS990EZ/SpecialEventsNetIncomeLoss00
IRS990EZ/SumOfTotalLiabilities/BOY00
IRS990EZ/SumOfTotalLiabilities/EOY00
IRS990EZ/TaxImposedUnderIRC491100
IRS990EZ/TaxImposedUnderIRC491200
IRS990EZ/TaxImposedUnderIRC495500
IRS990EZ/TheBooksAreInCareOf/AddressUS/AddressLine101550 Clarke Drive
IRS990EZ/TheBooksAreInCareOf/AddressUS/City0Dubuque
IRS990EZ/TheBooksAreInCareOf/AddressUS/State0IA
IRS990EZ/TheBooksAreInCareOf/AddressUS/ZIPCode052001
IRS990EZ/TheBooksAreInCareOf/NamePerson0Deanna S McCormick
IRS990EZ/TheBooksAreInCareOf/TelephoneNumber05635886414
IRS990EZ/TotalAssets/BOY0351145
IRS990EZ/TotalAssets/EOY0371555
IRS990EZ/TotalExpenses02105
IRS990EZ/TotalProgramServiceExpenses02105
IRS990EZ/TotalRevenue026951
IRS990EZ/TrnsfrsExemptNonCharRelatedOrg00
IRS990ScheduleA/CertificationCheckbox0X
IRS990ScheduleA/ContribBy35ControlledEntity00
IRS990ScheduleA/ContribByControllingIndividual00
IRS990ScheduleA/ContributionByRelatedParty00
IRS990ScheduleA/FactsAndCircumstancesTest0Part 1, Line 11h(vii): The organization did not make any direct payments to Clarke College during the year. The organization supported Clarke College by advancing educational loans in the amount of $32,343 directly to qualified students of Clarke College.
IRS990ScheduleA/SumOfAmounts00
IRS990ScheduleA/SupportedOrgInformation/Amount00
IRS990ScheduleA/SupportedOrgInformation/EIN0420680408
IRS990ScheduleA/SupportedOrgInformation/ListedInGoverningDoc01
IRS990ScheduleA/SupportedOrgInformation/Name/BusinessNameLine10Clarke College of Dubuque Iowa
IRS990ScheduleA/SupportedOrgInformation/OrganizedInUS01
IRS990ScheduleA/SupportedOrgInformation/SupportedOrganizationNotified01
IRS990ScheduleA/SupportedOrgInformation/TypeOfOrganization02
IRS990ScheduleA/SupportingOrg509a3Type10X
IRS990ScheduleA/SupportingOrganization509a30X
IRS990ScheduleA/TotalNumberOfSupportedOrgs01
ReasonableCauseExplanation/Explanation0The McElroy Clarke Loan Fund was established in 1983 as a revolving educational loan fund for students at Clarke College of Dubuque, Iowa. With the exception of the initial tax year when the organization was funded with a one-time grant, the organization's annual gross receipts have normally been under the Form 990 filing threshold of $25,000 that was in effect for tax years beginning after December 31, 1982 through tax years beginning on or before December 31, 2006. Accordingly, the organization was not required to file a Form 990 for many years. In the spring of 2010, the Internal Revenue Service stepped-up efforts to inform small exempt organizations of the requirement to file annual returns for tax years beginning after December 31, 2006, regardless of gross receipts, that was enacted by the Pension Protection Act of 2006. As a result, the organization first became aware of the new requirement to file annual returns on May 12, 2010. The organization timely filed a request for an automatic 3-month extension of time to file its 2009 return and immediately began to gather the information and data necessary to file returns for 2007, 2008, and 2009 in order to become fully compliant with the new annual filing requirement. We respectfully request a waiver of the late filing penalties based on the following: 1. The taxpayer was unaware of the law change requiring annual returns and the taxpayer took immediate corrective action as soon as the failure to file was discovered. 2. The failure to file tax returns was not due to intentional disregard of the rules and regulations, but was an accidental oversight. 3. The government has not been harmed by the failure to meet the filing requirement, however assessment of penalties will divert funds from students in need of financial assistance to pursue higher education.
ReturnHeader/BuildTS02016-02-24 21:20:13Z
ReturnHeader/Filer/EIN0421202190
ReturnHeader/Filer/Name/BusinessNameLine10MCELROY CLARKE LOAN FUND
ReturnHeader/Filer/NameControl0MCEL
ReturnHeader/Filer/Phone05635886414
ReturnHeader/Filer/USAddress/AddressLine101550 Clarke Drive
ReturnHeader/Filer/USAddress/City0Dubuque
ReturnHeader/Filer/USAddress/State0IA
ReturnHeader/Filer/USAddress/ZIPCode052001
ReturnHeader/Officer/DateSigned02010-07-21
ReturnHeader/Officer/Name0Deanna McCormick
ReturnHeader/Officer/Phone05635886414
ReturnHeader/Officer/Title0VP for Business & Finance
ReturnHeader/ReturnType0990EZ
ReturnHeader/TaxPeriodBeginDate02008-01-01
ReturnHeader/TaxPeriodEndDate02008-12-31
ReturnHeader/TaxYear02008
ReturnHeader/Timestamp02010-07-21T14:17:45-07:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2008 • Form 990EZFacts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$371,555
Liabilities
$0
Net assets
$371,555
Revenue
$26,951
Expenses
$2,105
Net income
$24,846
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.79$0.00$3.79$0.09$0.00$0.08
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.65$0.00$3.65$0.10$0.13$0.03
2008Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.72$0.00$3.72$0.27$0.02$0.25