Civic Intelligence

Algona Community School Foundation

990 • Fiscal year 2020 • EIN 42-1240404

Jan 01, 2020 to Dec 31, 2020 • Filed on Sep 22, 2021

Organization ProfileN/A
111 N Dodge StAlgona, IA 50511

(515) 295-3565

Siviq Scores

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

Liabilities / Assets

7th percentile

0.00x

Higher debt load relative to assets than 7% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

8th percentile

0.00x

Higher debt load relative to revenue than 8% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

81st percentile

28%

Higher net margin than 81% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

66th percentile

14%

Faster asset growth than 66% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

61st percentile

6.8%

Faster revenue growth than 61% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets7th percentile

Assets

Up

$7,086,485

Up $868,325 (+14%) from 2019

Net Assets

Up

$7,086,484

Up $868,324 (+14%) from 2019

Liabilities

Up

$1

Up $1 from 2019

Revenue And Expenses
Liabilities / Revenue8th percentileNet Margin81st percentile

Revenue

Up

$694,752

Up $44,451 (+6.8%) from 2019

Expenses

Up

$500,696

Up $30,659 (+6.5%) from 2019

Net Income

Up

$194,056

Up $13,792 (+7.7%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth66th percentile

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

$30M$20M$10M$0Assets 2011: $3,168,934Liabilities 2011: $0Net Assets 2011: $3,168,9342011Assets 2012: $3,589,427Liabilities 2012: $0Net Assets 2012: $3,589,4272012Assets 2013: $4,482,555Liabilities 2013: $0Net Assets 2013: $4,482,5552013Assets 2014: $4,697,445Liabilities 2014: $0Net Assets 2014: $4,697,4452014Assets 2015: $4,423,923Liabilities 2015: $0Net Assets 2015: $4,423,9232015Assets 2016: $4,652,999Liabilities 2016: $0Net Assets 2016: $4,652,9992016Assets 2017: $5,614,860Liabilities 2017: $0Net Assets 2017: $5,614,8602017Assets 2018: $5,151,631Liabilities 2018: $0Net Assets 2018: $5,151,6312018Assets 2019: $6,218,160Liabilities 2019: $0Net Assets 2019: $6,218,1602019Assets 2020: $7,086,485Liabilities 2020: $1Net Assets 2020: $7,086,4842020Assets 2021: $7,954,926Liabilities 2021: $0Net Assets 2021: $7,954,9262021Assets 2022: $13,564,941Liabilities 2022: $0Net Assets 2022: $13,564,9412022Assets 2023: $15,817,794Liabilities 2023: $0Net Assets 2023: $15,817,7942023Assets 2024: $23,135,715Liabilities 2024: $0Net Assets 2024: $23,135,7152024

Highlighted filing

2020

Assets$7,086,485
Liabilities$1
Net Assets$7,086,484
Open 2020 Filing

Operations Trend

Revenue Growth61st percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $407,215Expenses 2011: $261,305Net Income 2011: $145,9102011Revenue 2012: $421,716Expenses 2012: $265,254Net Income 2012: $156,4622012Revenue 2013: $780,247Expenses 2013: $277,870Net Income 2013: $502,3772013Revenue 2014: $563,720Expenses 2014: $348,830Net Income 2014: $214,8902014Revenue 2015: $495,874Expenses 2015: $576,780Net Income 2015: -$80,9062015Revenue 2016: $404,498Expenses 2016: $372,428Net Income 2016: $32,0702016Revenue 2017: $803,799Expenses 2017: $391,847Net Income 2017: $411,9522017Revenue 2018: $416,395Expenses 2018: $417,778Net Income 2018: -$1,3832018Revenue 2019: $650,301Expenses 2019: $470,037Net Income 2019: $180,2642019Revenue 2020: $694,752Expenses 2020: $500,696Net Income 2020: $194,0562020Revenue 2021: $1,127,230Expenses 2021: $503,265Net Income 2021: $623,9652021Revenue 2022: $6,259,783Expenses 2022: $882,397Net Income 2022: $5,377,3862022Revenue 2023: $3,397,346Expenses 2023: $1,200,964Net Income 2023: $2,196,3822023Revenue 2024: $7,776,795Expenses 2024: $1,202,637Net Income 2024: $6,574,1582024

Highlighted filing

2020

Revenue$694,752
Expenses$500,696
Net Income$194,056
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Sep 22, 2021
Return Version
2020v4.0
Gross Receipts
$1,998,442
Mission and Program Overview

Mission

Financial support to the algona community school system and post high school scholarship support to graduates of the school

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,974,422$6,858,435▲ $884,013
Savings and Temporary Cash Investments$243,738$228,050▼ $15,688
Cash and Non-Interest-Bearing Accounts-$0-
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 Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$6,218,160$7,086,485▲ $868,325
Other Assets Total-$0-
Liabilities
Other Liabilities-$1-
Total Liabilities$0$1▲ $1
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,792,251$6,611,717▲ $819,466
Net Assets Without Donor Restrictions$425,909$474,767▲ $48,858
Total Net Assets Fund Balance$6,218,160$7,086,484▲ $868,324
Total Liabilities and Net Assets / Fund Balance$6,218,160$7,086,485▲ $868,325
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

NameTitle
Elizabeth StowaterPresident
Alison VanotterlooVice President
Ben KernDirector
Bruce HackbarthDirector
Dale TeeterDirector
Jared CecilDirector
Joe CarterDirector
John ScuffhamDirector
Kirk HayesDirector
Siri HartsfieldDirector
Thomas LarsonDirector
William FarnhamDirector
Jane NettletonSecretary
Kristie BrownTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$254,051
Program Service Revenue
$0
Investment Income
$440,701
Other Revenue
$0
All Other Contributions
$254,051
Change in Net Assets
$194,056
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$444,034
Other Expenses$56,662
Total Fundraising Expense$10,687
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$388,086--$388,086
Grants to Domestic Orgs$55,948--$55,948
Fees for Service Investment Mgmnt Fees-$29,616-$29,616
Fees for Services Other$3,981$3,982$3,982$11,945
Fees for Services Accounting$2,420$5,646-$8,066
Advertising--$315$315
Insurance-$200-$200
Other Expenses-$130$2,937$130
Total Functional Expenses$450,435$39,574$10,687$500,696
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Algona Community School DistrictAlgona, IA-Support for Various Programs$55,498
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
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

“A copy of the form 990 is provided to the president, vice president and treasurer prior to filing of the return for their review. A copy is then maintained in the corporate records for review by any other board member, the school district board and any member of the public.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“All directors are required to disclose conflicts as they may arise. Such directors are generally prohibited from participation in any discussion or vote on an issue in which they have a conflict. The only exceptions involve two employees of the supported organization (superintendent and high school principal). They serve as ex officio members of the foundation board to directly represent the interests of the supported organization.in addition, this is a very small community in which family and business relationships of board members are generally known by all other board members.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“All documents are available upon request by the public. In addition, the algona community school district (the supported organization) is in possession of all foundation documents for review by the public, the school board or school administrators.”

Filing and Contact Details

Filer

Filer Name
Algona Community School Foundation
EIN
42-1240404
Phone
5152953565
Address
111 N DODGE ST, ALGONA, IA 50511

Signing Officer

Name
Elizabeth Stowater
Title
President
Signed
2021-09-22
Discuss with paid preparer
Yes

Organization Details

Formed
1984
Legal Domicile
Ia
Voting Board Members
15
Independent Board Members
6
Employees
0
Volunteers
50

Preparer

Firm
Buchanan Law Offices
Address
111 North Dodge St, Algona, IA 50511
Preparer
Todd R Buchanan
Phone
5152953565
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IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt05974422
IRS990/InvestmentsPubTradedSecGrp/EOYAmt06858435
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0IA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01303690
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0FINANCIAL SUPPORT TO THE ALGONA COMMUNITY SCHOOL SYSTEM AND POST HIGH SCHOOL SCHOLARSHIP SUPPORT TO GRADUATES OF THE SCHOOL
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt06218160
IRS990/NetAssetsOrFundBalancesEOYAmt07086484
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0209025
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0209025
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0674268
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0425909
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0474767
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0FUNDRAISING SUPPLIES
IRS990/OtherExpensesGrp/Desc1Postage and Shipping
IRS990/OtherExpensesGrp/Desc2FOREIGN TAX ON DIVIDENDS
IRS990/OtherExpensesGrp/FundraisingAmt03453
IRS990/OtherExpensesGrp/FundraisingAmt12937
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0130
IRS990/OtherExpensesGrp/TotalAmt03453
IRS990/OtherExpensesGrp/TotalAmt12937
IRS990/OtherExpensesGrp/TotalAmt2130
IRS990/OtherLiabilitiesGrp/EOYAmt01
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OtherWebsiteInd0X
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/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0SUPPORT OF VARIOUS PROGRAMS CONDUCTED BY ALGONA COMMUNITY SCHOOL DISTRICT THROUGH ADMINISTRATION OF THE DISTRICT. SEE ATTACHED LISTING OF GRANTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt055948
IRS990/ProgSrvcAccomActy2Grp/GrantAmt055948
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0268567
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0416477
IRS990/PYInvestmentIncomeAmt0381734
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt053560
IRS990/PYRevenuesLessExpensesAmt0180264
IRS990/PYTotalExpensesAmt0470037
IRS990/PYTotalRevenueAmt0650301
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0194056
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0243738
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0228050
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0426020126
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0false
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0ALGONA COMMUNITY SCHOOL DISTRICT
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Rounding
IRS990ScheduleD/TotalLiabilityAmt01
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0388086
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0POST-HIGH SCHOOL SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0136
IRS990ScheduleI/RecipientTable/CashGrantAmt055498
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SUPPORT FOR VARIOUS PROGRAMS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ALGONA COMMUNITY SCHOOL DISTRICT
IRS990ScheduleI/RecipientTable/RecipientEIN0426020126
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0600 S HALE ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ALGONA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd050511
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0FOUNDATION, IN CONJUNCTION WITH SCHOOL DISTRICT ADMINISTRATORS AND TEACHERS, MONITOR THE USE OF FUNDS GRANTED FOR SPECIFIC PROJECTS. GRANT APPLICATIONS ARE IN WRITING AND MUST BE VOTED UPON BY THE FOUNDATION BOARD. TYPICALLY, SCHOOL ADMINISTRATION IS ASKED FOR ITS INPUT INTO ALL GRANT REQUESTS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE FORM 990 IS PROVIDED TO THE PRESIDENT, VICE PRESIDENT AND TREASURER PRIOR TO FILING OF THE RETURN FOR THEIR REVIEW. A COPY IS THEN MAINTAINED IN THE CORPORATE RECORDS FOR REVIEW BY ANY OTHER BOARD MEMBER, THE SCHOOL DISTRICT BOARD AND ANY MEMBER OF THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL DIRECTORS ARE REQUIRED TO DISCLOSE CONFLICTS AS THEY MAY ARISE. SUCH DIRECTORS ARE GENERALLY PROHIBITED FROM PARTICIPATION IN ANY DISCUSSION OR VOTE ON AN ISSUE IN WHICH THEY HAVE A CONFLICT. THE ONLY EXCEPTIONS INVOLVE TWO EMPLOYEES OF THE SUPPORTED ORGANIZATION (SUPERINTENDENT AND HIGH SCHOOL PRINCIPAL). THEY SERVE AS EX OFFICIO MEMBERS OF THE FOUNDATION BOARD TO DIRECTLY REPRESENT THE INTERESTS OF THE SUPPORTED ORGANIZATION.IN ADDITION, THIS IS A VERY SMALL COMMUNITY IN WHICH FAMILY AND BUSINESS RELATIONSHIPS OF BOARD MEMBERS ARE GENERALLY KNOWN BY ALL OTHER BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL DOCUMENTS ARE AVAILABLE UPON REQUEST BY THE PUBLIC. IN ADDITION, THE ALGONA COMMUNITY SCHOOL DISTRICT (THE SUPPORTED ORGANIZATION) IS IN POSSESSION OF ALL FOUNDATION DOCUMENTS FOR REVIEW BY THE PUBLIC, THE SCHOOL BOARD OR SCHOOL ADMINISTRATORS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,086,485
Liabilities
$1
Net assets
$7,086,484
Revenue
$694,752
Expenses
$500,696
Net income
$194,056
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.1$0.00$23.1$7.78$1.20$6.57
2023Detailed filing. Detailed filing data is available for this year.$15.8$0.00$15.8$3.40$1.20$2.20
2022Detailed filing. Detailed filing data is available for this year.$13.6$0.00$13.6$6.26$0.88$5.38
2021Detailed filing. Detailed filing data is available for this year.$7.95$0.00$7.95$1.13$0.50$0.62
2020Detailed filing. Detailed filing data is available for this year.$7.09$0.00$7.09$0.69$0.50$0.19
2019Summary only. Only limited summary data is available for this year.$6.22$0.00$6.22$0.65$0.47$0.18
2018Summary only. Only limited summary data is available for this year.$5.15$0.00$5.15$0.42$0.42$0.00
2017Detailed filing. Detailed filing data is available for this year.$5.61$0.00$5.61$0.80$0.39$0.41
2016Summary only. Only limited summary data is available for this year.$4.65$0.00$4.65$0.40$0.37$0.03
2015Summary only. Only limited summary data is available for this year.$4.42$0.00$4.42$0.50$0.58$0.08
2014Summary only. Only limited summary data is available for this year.$4.70$0.00$4.70$0.56$0.35$0.21
2013Summary only. Only limited summary data is available for this year.$4.48$0.00$4.48$0.78$0.28$0.50
2012Summary only. Only limited summary data is available for this year.$3.59$0.00$3.59$0.42$0.27$0.16
2011Summary only. Only limited summary data is available for this year.$3.17$0.00$3.17$0.41$0.26$0.15