Civic Intelligence

Algona Community School Foundation

990 • Fiscal year 2022 • EIN 42-1240404

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 09, 2023

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

5th percentile

0.00x

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

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

5th percentile

0.00x

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

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

96th percentile

86%

Higher net margin than 96% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

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

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

93rd percentile

71%

Faster asset growth than 93% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

98th percentile

455%

Faster revenue growth than 98% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets5th percentile

Assets

Up

$13,564,941

Up $5,610,015 (+71%) from 2021

Net Assets

Up

$13,564,941

Up $5,610,015 (+71%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue5th percentileNet Margin96th percentile

Revenue

Up

$6,259,783

Up $5,132,553 (+455%) from 2021

Expenses

Up

$882,397

Up $379,132 (+75%) from 2021

Net Income

Up

$5,377,386

Up $4,753,421 (+762%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth93rd 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

2022

Assets$13,564,941
Liabilities$0
Net Assets$13,564,941
Open 2022 Filing

Operations Trend

Revenue Growth98th 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

2022

Revenue$6,259,783
Expenses$882,397
Net Income$5,377,386
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 9, 2023
Return Version
2022v5.0
Gross Receipts
$7,284,040
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$7,698,915$13,215,317▲ $5,516,402
Savings and Temporary Cash Investments$256,011$349,624▲ $93,613
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$7,954,926$13,564,941▲ $5,610,015
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$7,379,863$12,704,737▲ $5,324,874
Net Assets Without Donor Restrictions$575,063$860,204▲ $285,141
Total Net Assets Fund Balance$7,954,926$13,564,941▲ $5,610,015
Total Liabilities and Net Assets / Fund Balance$7,954,926$13,564,941▲ $5,610,015
Compensation and Service Providers
Top Officer Pay14th percentile

Board Members and Trustees

NameTitle
Elizabeth StowaterPresident
Alison VanotterlooVice President
Barb TeeterDirector
Ben KernDirector
Bruce HackbarthDirector
Jared CecilDirector
Joe CarterDirector
John ScuffhamDirector
Kirk HayesDirector
Mike GaborDirector
Morgan KueckerDirector
Siri HartsfieldDirector
Thomas LarsonDirector
William FarnhamDirector
Kristie BrownTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$5,884,041
Program Service Revenue
$0
Investment Income
$375,742
Other Revenue
$0
All Other Contributions
$5,884,041
Change in Net Assets
$5,377,386

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
Securities Publicly Traded4$4,801,314Account Value
Real Estate Other1$1,175Estate Valuation
Total Noncash Contributions5$4,802,489-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$814,225
Other Expenses$68,172
Total Fundraising Expense$13,227
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$475,270--$475,270
Grants to Domestic Orgs$338,955--$338,955
Fees for Service Investment Mgmnt Fees-$34,787-$34,787
Fees for Services Other$4,200$4,200$4,200$12,600
Fees for Services Accounting$3,105$7,244-$10,349
Other Expenses-$1,209$1,408$1,209
Advertising--$575$575
Insurance-$200-$200
Total Functional Expenses$821,530$47,640$13,227$882,397
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
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, Section B, Line 11B

“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, Section B, Line 12C

“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, Section C, Line 19

“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
2023-11-09
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
Raw XML AppendixShowing 400 of 511 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0FINANCIAL SUPPORT TO THE ALGONA COMMUNITY SCHOOL SYSTEM AND POST HIGH SCHOOL SCHOLARSHIP SUPPORT TO GRADUATES OF THE SCHOOL
IRS990/AdvertisingGrp/FundraisingAmt0575
IRS990/AdvertisingGrp/TotalAmt0575
IRS990/AllOtherContributionsAmt05884041
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0KRISTIE BROWN
IRS990/BooksInCareOfDetail/PhoneNum05152953595
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt05 EAST CALL ST
IRS990/BooksInCareOfDetail/USAddress/CityNm0ALGONA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd050511
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/EOYAmt00
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0NONE
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt05884041
IRS990/CYGrantsAndSimilarPaidAmt0814225
IRS990/CYInvestmentIncomeAmt0375742
IRS990/CYOtherExpensesAmt068172
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt05377386
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0882397
IRS990/CYTotalFundraisingExpenseAmt013227
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt06259783
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0true
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0SCHOLARSHIP SUPPORT GRANTED ONLY TO GRADUATES OF ALGONA COMMUNITY SCHOOL DISTRICT. SEE ATTACHED LISTING OF GRANTS.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt07379863
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt012704737
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0482575
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt07244
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt03105
IRS990/FeesForServicesAccountingGrp/TotalAmt010349
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/FundraisingAmt04200
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt04200
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt04200
IRS990/FeesForServicesOtherGrp/TotalAmt012600
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt034787
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt034787
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt100.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt120.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt130.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt122.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt142.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/PersonNm0MIKE GABOR
IRS990/Form990PartVIISectionAGrp/PersonNm1BARB TEETER
IRS990/Form990PartVIISectionAGrp/PersonNm2KIRK HAYES
IRS990/Form990PartVIISectionAGrp/PersonNm3BRUCE HACKBARTH
IRS990/Form990PartVIISectionAGrp/PersonNm4WILLIAM FARNHAM
IRS990/Form990PartVIISectionAGrp/PersonNm5JOE CARTER
IRS990/Form990PartVIISectionAGrp/PersonNm6THOMAS LARSON
IRS990/Form990PartVIISectionAGrp/PersonNm7MORGAN KUECKER
IRS990/Form990PartVIISectionAGrp/PersonNm8JARED CECIL
IRS990/Form990PartVIISectionAGrp/PersonNm9SIRI HARTSFIELD
IRS990/Form990PartVIISectionAGrp/PersonNm10JOHN SCUFFHAM
IRS990/Form990PartVIISectionAGrp/PersonNm11BEN KERN
IRS990/Form990PartVIISectionAGrp/PersonNm12ELIZABETH STOWATER
IRS990/Form990PartVIISectionAGrp/PersonNm13ALISON VANOTTERLOO
IRS990/Form990PartVIISectionAGrp/PersonNm14KRISTIE BROWN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12President
IRS990/Form990PartVIISectionAGrp/TitleTxt13Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt14Treasurer
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01984
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt0182599
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GrantAmt0475270
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0475270
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0475270
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0338955
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0338955
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01206856
IRS990/GrossReceiptsAmt07284040
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt0200
IRS990/InsuranceGrp/TotalAmt0200
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0193143
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0193143
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt07698915
IRS990/InvestmentsPubTradedSecGrp/EOYAmt013215317
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0IA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01024257
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/NetAssetsOrFundBalancesBOYAmt07954926
IRS990/NetAssetsOrFundBalancesEOYAmt013564941
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0182599
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0182599
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0232629
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0575063
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0860204
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt04802489
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/FundraisingAmt07044
IRS990/OtherExpensesGrp/FundraisingAmt11408
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01209
IRS990/OtherExpensesGrp/TotalAmt07044
IRS990/OtherExpensesGrp/TotalAmt11408
IRS990/OtherExpensesGrp/TotalAmt21209
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/ExpenseAmt0338955
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0338955
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0363672
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0436683
IRS990/PYInvestmentIncomeAmt0763558
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt066582
IRS990/PYRevenuesLessExpensesAmt0623965
IRS990/PYTotalExpensesAmt0503265
IRS990/PYTotalRevenueAmt01127230
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt05377386
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0256011
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0349624
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
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0475270
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0POST-HIGH SCHOOL SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0136
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/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/RealEstateOtherGrp/ContributionCnt01
IRS990ScheduleM/RealEstateOtherGrp/MethodOfDeterminingRevenuesTxt0ESTATE VALUATION
IRS990ScheduleM/RealEstateOtherGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateOtherGrp/NoncashContributionsRptF990Amt01175
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt04
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0ACCOUNT VALUE
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt04801314
IRS990ScheduleM/ThirdPartiesUsedInd0false
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, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,564,941
Liabilities
$0
Net assets
$13,564,941
Revenue
$6,259,783
Expenses
$882,397
Net income
$5,377,386
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