Form 990, Page 6, Part VI, Line 11B
“Financial statements and tax return are presented to the board at a monthly board meeting to review and discuss”
Scores are not available for this record yet.
Assets
Down$647,133
Down $4,411 (-0.7%) from 2018
Net Assets
Up$569,388
Up $9,796 (+1.8%) from 2018
Liabilities
Down$77,745
Down $14,207 (-15%) from 2018
Revenue
Down$77,877
Down $84,820 (-52%) from 2018
Expenses
Down$68,081
Down $67,666 (-50%) from 2018
Net Income
Down$9,796
Down $17,154 (-64%) from 2018
To promote economic education and community development.
To promote economic education and community development
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $531,566 | $517,806 | ▼ $13,760 |
| Cash and Non-Interest-Bearing Accounts | $104,137 | $118,338 | ▲ $14,201 |
| Savings and Temporary Cash Investments | $8,045 | $8,045 | → $0 |
| Accounts Receivable | $6,661 | $1,728 | ▼ $4,933 |
| Prepaid Expenses and Deferred Charges | $1,135 | $1,216 | ▲ $81 |
| Total Assets | $651,544 | $647,133 | ▼ $4,411 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $84,876 | $70,632 | ▼ $14,244 |
| Other Liabilities | $6,326 | $6,363 | ▲ $37 |
| Deferred Revenue | $750 | $750 | → $0 |
| Total Liabilities | $91,952 | $77,745 | ▼ $14,207 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $550,432 | $567,018 | ▲ $16,586 |
| Temporarily Rstr Net Assets | $9,160 | $2,370 | ▼ $6,790 |
| Total Net Assets Fund Balance | $559,592 | $569,388 | ▲ $9,796 |
| Total Liabilities and Net Assets / Fund Balance | $651,544 | $647,133 | ▼ $4,411 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $419,252 | $211,288 | $630,540 |
| Land | $92,813 | - | $92,813 |
| Equipment | $5,741 | $2,750 | $8,491 |
| Name | Title |
|---|---|
| Jeff Atkinson | Chair |
| Daniel Housenga | Director |
| Eddie Dunham | Director |
| Greg Farwell | Director |
| Jacqueline Rutledge | Director |
| Karen Rowell | Director |
| Mike Johnson | Director |
| Rod Tokheim | Director |
| Tamara Binder | Director |
| Tom Fullerton | Crdc Rep |
| Jennifer Boysen | Ex-officio |
| Richard Phelan | Interim Trea |
| Maureen Miller | Secretary |
| Line Item | Amount |
|---|---|
| Other Expenses | $68,081 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Depreciation Depletion | $17,009 | - | - | $17,009 |
| Occupancy | $16,235 | - | - | $16,235 |
| Interest | $3,878 | - | - | $3,878 |
| Other Expenses | $3,746 | $11,608 | - | $3,746 |
| Insurance | $2,504 | - | - | $2,504 |
| Fees for Services Other | $1,966 | - | - | $1,966 |
| Office Expenses | - | $62 | - | $62 |
| Total Functional Expenses | $56,411 | $11,670 | $0 | $68,081 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $72,102 |
| Expenses per Audited Statements | $68,081 |
| Total Expenses per Form 990 | $68,081 |
| Expenses Not Reported on Form 990 | $4,021 |
| Line Item | Amount |
|---|---|
| Fundraising Direct Expenses | $4,021 |
| Fundraising Gross Income | $2,961 |
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Accrued Property Taxes | $6,233 |
| Accured Interest | $130 |
“Financial statements and tax return are presented to the board at a monthly board meeting to review and discuss”
“Annual disclosure of interests by the board of directors are required, with the chair responsible for monitoring & enforcing the policy.”
“The foundation does not pay any compensation. It pays the clinton area chamber of commerce an adminstrative fee for services.”
“The organization does not pay compensation to its officers nor do they have any employees.”
“Governing documents are kept at the organization's business office and are made available to the public upon request.”
“Chairs meet monthly to review foundation finances and activities. Leadership institute participants are educated about economic and social community elements and "learn by doing" by actively doing a project to add value to the community.”
“Substantially all use of property for exempt purposes - 8% of rental expenses unrelated to exempt purpose.”
“Direct event expenses 4,021 direct event expenses -4,021”
“Direct event expenses 4,021”
“Direct event expenses 4,021”
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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| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 194284 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 1214480 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 435 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 1475205 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 23 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 44 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 67 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 167105 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt | 0 | 68615 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 89311 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 92024 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 118229 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 50472 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 418651 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.77870 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.81910 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 1475205 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 4283 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 61723 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 194284 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 1214480 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 435 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 1475205 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 1894351 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt | 0 | 272 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt | 0 | 156 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt | 0 | 428 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 419252 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 211288 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 630540 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 5741 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 2750 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 8491 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 4021 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 68081 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 92813 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 92813 |
| IRS990ScheduleD/OtherExpensesIncludedAmt | 0 | 4021 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 6233 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 130 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | ACCRUED PROPERTY TAXES |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | ACCURED INTEREST |
| IRS990ScheduleD/OtherRevenueAmt | 0 | 4021 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 4021 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 77877 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | DIRECT EVENT EXPENSES 4,021 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | DIRECT EVENT EXPENSES 4,021 |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE D, PAGE 4, PART XI, LINE 2D |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | SCHEDULE D, PAGE 4, PART XII, LINE 2D |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 517806 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 68081 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 6363 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 77877 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 81898 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 72102 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | CHAIRS MEET MONTHLY TO REVIEW FOUNDATION FINANCES AND ACTIVITIES. LEADERSHIP INSTITUTE PARTICIPANTS ARE EDUCATED ABOUT ECONOMIC AND SOCIAL COMMUNITY ELEMENTS AND "LEARN BY DOING" BY ACTIVELY DOING A PROJECT TO ADD VALUE TO THE COMMUNITY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | SUBSTANTIALLY ALL USE OF PROPERTY FOR EXEMPT PURPOSES - 8% OF RENTAL EXPENSES UNRELATED TO EXEMPT PURPOSE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | FINANCIAL STATEMENTS AND TAX RETURN ARE PRESENTED TO THE BOARD AT A MONTHLY BOARD MEETING TO REVIEW AND DISCUSS |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | ANNUAL DISCLOSURE OF INTERESTS BY THE BOARD OF DIRECTORS ARE REQUIRED, WITH THE CHAIR RESPONSIBLE FOR MONITORING & ENFORCING THE POLICY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE FOUNDATION DOES NOT PAY ANY COMPENSATION. IT PAYS THE CLINTON AREA CHAMBER OF COMMERCE AN ADMINSTRATIVE FEE FOR SERVICES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE ORGANIZATION DOES NOT PAY COMPENSATION TO ITS OFFICERS NOR DO THEY HAVE ANY EMPLOYEES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | GOVERNING DOCUMENTS ARE KEPT AT THE ORGANIZATION'S BUSINESS OFFICE AND ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | DIRECT EVENT EXPENSES 4,021 DIRECT EVENT EXPENSES -4,021 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PAGE 1, PART I, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 2, PART III, LINE 4D |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 15B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PART XI, LINE 9 |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt | 0 | 9160 |
| IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt | 0 | 2370 |
| IRS990/TempOrPermanentEndowmentsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 651544 |
| IRS990/TotalAssetsEOYAmt | 0 | 647133 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 651544 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 647133 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 4283 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 11670 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 56411 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 68081 |
| IRS990/TotalGrossUBIAmt | 0 | 9000 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 91952 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 77745 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 91952 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 77745 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 559592 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 569388 |
| IRS990/TotalOtherProgSrvcExpenseAmt | 0 | 56411 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 56411 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 74654 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 65654 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 77877 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 9000 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 651544 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 647133 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
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Displayed year
2019 • Form 990Detailed filing. Detailed filing data is available for this year.
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