Civic Intelligence

Southeastern Community College Foundation

990 • Fiscal year 2017 • EIN 42-1212111

Jul 01, 2016 to Jun 30, 2017 • Filed on Jan 12, 2018

1500 W Agency Road PO Box 180West Burlington, IA 52655

(319) 208-5065

Siviq Scores

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

Liabilities / Assets

36th percentile

0.10x

Higher debt load relative to assets than 36% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

69th percentile

0.53x

Higher debt load relative to revenue than 69% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

92nd percentile

56%

Higher net margin than 92% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

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

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

89th percentile

30%

Faster asset growth than 89% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

93rd percentile

95%

Faster revenue growth than 93% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Up

$19,461,893

Up $4,477,187 (+30%) from 2016

Net Assets

Up

$17,454,220

Up $2,469,514 (+16%) from 2016

Liabilities

Up

$2,007,673

Up $2,007,673 from 2016

Revenue

Up

$3,767,865

Up $1,838,481 (+95%) from 2016

Expenses

Up

$1,657,326

Up $1,316,943 (+387%) from 2016

Net Income

Up

$2,110,539

Up $521,538 (+33%) from 2016

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $4,033,731Liabilities 2011: $5,797Net Assets 2011: $4,027,9342011Assets 2012: $4,145,921Liabilities 2012: $1,654Net Assets 2012: $4,144,2672012Assets 2013: $6,864,258Liabilities 2013: $0Net Assets 2013: $6,864,2582013Assets 2014: $7,424,546Liabilities 2014: $2,369Net Assets 2014: $7,422,1772014Assets 2015: $13,586,523Liabilities 2015: $4,147Net Assets 2015: $13,582,3762015Assets 2016: $14,984,706Liabilities 2016: $0Net Assets 2016: $14,984,7062016Assets 2017: $19,461,893Liabilities 2017: $2,007,673Net Assets 2017: $17,454,2202017Assets 2018: $24,011,314Liabilities 2018: $5,304,714Net Assets 2018: $18,706,6002018Assets 2019: $20,604,467Liabilities 2019: $1,762,891Net Assets 2019: $18,841,5762019Assets 2020: $12,198,360Liabilities 2020: $988,538Net Assets 2020: $11,209,8222020Assets 2021: $14,492,110Liabilities 2021: $122,622Net Assets 2021: $14,369,4882021Assets 2022: $16,375,654Liabilities 2022: $2,627,607Net Assets 2022: $13,748,0472022Assets 2023: $19,813,374Liabilities 2023: $5,295,142Net Assets 2023: $14,518,2322023Assets 2024: $20,982,129Liabilities 2024: $5,521,745Net Assets 2024: $15,460,3842024Assets 2025: $21,447,215Liabilities 2025: $5,548,007Net Assets 2025: $15,899,2082025

Highlighted filing

2017

Assets$19,461,893
Liabilities$2,007,673
Net Assets$17,454,220

Operations Trend

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

$10M$5.0M$0-$5.0M-$10MExpenses 2011: $207,1412011Expenses 2012: $150,6612012Expenses 2013: $287,6912013Revenue 2014: $525,194Expenses 2014: $318,299Net Income 2014: $206,8952014Revenue 2015: $6,664,699Expenses 2015: $320,687Net Income 2015: $6,344,0122015Revenue 2016: $1,929,384Expenses 2016: $340,383Net Income 2016: $1,589,0012016Revenue 2017: $3,767,865Expenses 2017: $1,657,326Net Income 2017: $2,110,5392017Revenue 2018: $1,753,388Expenses 2018: $584,874Net Income 2018: $1,168,5142018Revenue 2019: $1,017,556Expenses 2019: $1,075,608Net Income 2019: -$58,0522019Revenue 2020: $794,297Expenses 2020: $8,349,340Net Income 2020: -$7,555,0432020Revenue 2021: $2,335,661Expenses 2021: $629,371Net Income 2021: $1,706,2902021Revenue 2022: $3,936,639Expenses 2022: $3,046,472Net Income 2022: $890,1672022Revenue 2023: $1,068,888Expenses 2023: $709,183Net Income 2023: $359,7052023Revenue 2024: $1,351,149Expenses 2024: $1,165,160Net Income 2024: $185,9892024Revenue 2025: $1,434,571Expenses 2025: $1,527,536Net Income 2025: -$92,9652025

Highlighted filing

2017

Revenue$3,767,865
Expenses$1,657,326
Net Income$2,110,539
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jan 12, 2018
Return Version
2016v3.0
Gross Receipts
$5,136,550
Mission and Program Overview

Mission

To attract, collect, manage and disburse contributions for the support of southeastern community college. The foundation awards grants to southeastern community college students. Approximately 300 students received scholarships,from 100 to full tuition, during the year. The foundation also accepts monetary and in-kind donations to support facilities and programming.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$6,211,902$6,979,735▲ $767,833
Investments in Publicly Traded Securities$4,153,197$5,960,238▲ $1,807,041
Savings and Temporary Cash Investments$3,324,416$3,062,731▼ $261,685
Land, Buildings, and Equipment, Net$150,000$2,299,816▲ $2,149,816
Accounts Receivable$60,358$18,338▼ $42,020
Prepaid Expenses and Deferred Charges$4,350$4,608▲ $258
Total Assets$14,984,706$19,461,893▲ $4,477,187
Other Assets Total$1,080,483$1,136,427▲ $55,944
Liabilities
Grants Payable-$1,301,821-
Other Liabilities-$580,262-
Accounts Payable and Accrued Expenses-$105,057-
Tax Exempt Bond Liabilities-$20,533-
Total Liabilities$0$2,007,673▲ $2,007,673
Net Assets / Fund Balance
Temporarily Rstr Net Assets$11,092,950$11,021,761▼ $71,189
Permanently Rstr Net Assets$3,471,174$3,800,314▲ $329,140
Unrestricted Net Assets$420,582$2,632,145▲ $2,211,563
Total Net Assets Fund Balance$14,984,706$17,454,220▲ $2,469,514
Total Liabilities and Net Assets / Fund Balance$14,984,706$19,461,893▲ $4,477,187

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,149,816-$2,149,816
Land$150,000-$150,000
Other Assets Org$1,136,427--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$5,362,312$514,004▲ $469,382-$6,142,360
2015$5,337,441$174,249▲ $37,673-$5,362,312
2014$4,878,903$549,305▼ $1,591-$5,337,441
2013$2,606,435$2,064,470▲ $310,729-$4,878,903
2012$2,399,543$172,630▲ $161,169-$2,606,434
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$3,537,044
Program Service Revenue
$0
Investment Income
$184,265
Other Revenue
$46,556
All Other Contributions
$2,349,545
Change in Net Assets
$2,110,539

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Other2$370,903Actual Cost of Payments
Total Noncash Contributions2$370,903-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,751,368
Revenue Not Reported on Financial Statements
$16,497
Revenue Not Reported on Form 990
$573,793
Total Revenue per Audited Statements
$4,325,161
Total Revenue per Form 990
$3,767,865
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,561,695
Other Expenses$95,631
Total Fundraising Expense$29,283
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,336,770--$1,336,770
Grants to Domestic Individuals$224,925--$224,925
Office Expenses-$9,234$29,283$38,517
Fees for Services Accounting-$27,142-$27,142
Fees for Service Investment Mgmnt Fees$16,497--$16,497
Information Technology-$10,463-$10,463
Travel-$1,307-$1,307
Interest-$1,200-$1,200
Insurance-$505-$505
Total Functional Expenses$1,578,192$49,851$29,283$1,657,326

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,855,647
Total Expenses per Form 990$1,657,326
Expenses per Audited Statements$1,640,829
Expenses Not Reported on Form 990$214,818
Expenses Not Reported on Financial Statements$16,497
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Greater Burlington Area Sports CompBurlington, IA--$1,301,821
Southeastern Community CollegeWest Burlington, IAGovConribution$34,949
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$53,454
Fundraising Direct Expenses$6,898
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Great Tastes$51,886$51,886$1,686$50,200
Total Events$51,886$51,886$6,354$45,532
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Two Rivers Bank TrustRelated BoardInvestment Mgmt FeesNo$16,497
Great River EntertainmentRelated BoardFundraising ExpenseNo$4,658
Two Rivers Bank TrustRelated BoardInterest IncomeNo$3,889
Fm Bank TrustRelated BoardInterest IncomeNo$1,347
Two Rivers Bank TrustRelated BoardInterest ExpenseNo$1,200
US BankRelated BoardInterest IncomeNo$85
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Great Burlington Area Sports$580,262
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
Yes
Business relationship with organization members
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Draft form 990 is provided to board of director's executive committee to review and approve prior to filing.

Form 990, Page 6, Part VI, Line 12C

Board member disclosures, if any, are discussed and dealt with at the board level. All potential conflicts of interest have been disclosed and board members verify decision making of these board members.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Southeastern Community College
EIN
42-1212111
Phone
3192085065
Address
1500 W AGENCY ROAD PO BOX 180, WEST BURLINGTON, IA 52655

Signing Officer

Name
Rebecca Rump
Title
Exe Director
Phone
3192085062
Signed
2018-01-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rebecca Rump
Formed
1982
Legal Domicile
Ia
Voting Board Members
24
Independent Board Members
24
Employees
0

Preparer

Firm
CPA Associates Pc
Address
PO BOX 547, BURLINGTON, IA 52601
Preparer
Sarah H Beckman
Phone
3197526348
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To attract, collect, manage and disburse contributions for the support of southeastern community college. The foundation awards grants to southeastern community college students. Approximately 300 students received scholarships,from 100 to full tuition, during the year. The foundation also accepts monetary and in-kind donations to support facilities and programming.

Form 990, Page 2, Part III, Line 4D

Investment income to management scholarship endowments

Form 990, Part XI, Line 9

Net return on perpetual trusts 55,944 net return (loss) on perpetual trusts 0 total 55,944

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Net return (loss) on perpetual trusts 55,944

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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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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$21.4$5.55$15.9$1.43$1.53$0.09
2024Detailed filing. Detailed filing data is available for this year.$21.0$5.52$15.5$1.35$1.17$0.19
2023Detailed filing. Detailed filing data is available for this year.$19.8$5.30$14.5$1.07$0.71$0.36
2022Detailed filing. Detailed filing data is available for this year.$16.4$2.63$13.7$3.94$3.05$0.89
2021Detailed filing. Detailed filing data is available for this year.$14.5$0.12$14.4$2.34$0.63$1.71
2020Detailed filing. Detailed filing data is available for this year.$12.2$0.99$11.2$0.79$8.35$7.56
2019Detailed filing. Detailed filing data is available for this year.$20.6$1.76$18.8$1.02$1.08$0.06
2018Detailed filing. Detailed filing data is available for this year.$24.0$5.30$18.7$1.75$0.58$1.17
2017Detailed filing. Detailed filing data is available for this year.$19.5$2.01$17.5$3.77$1.66$2.11
2016Detailed filing. Detailed filing data is available for this year.$15.0$0.00$15.0$1.93$0.34$1.59
2015Detailed filing. Detailed filing data is available for this year.$13.6$0.00$13.6$6.66$0.32$6.34
2014Detailed filing. Detailed filing data is available for this year.$7.42$0.00$7.42$0.53$0.32$0.21
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.86$0.00$6.86$0.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.15$0.00$4.14$0.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.03$0.01$4.03$0.21