Civic Intelligence

Mount Vernon Community School District Foundation

990 • Fiscal year 2018 • EIN 42-1304892

Jul 01, 2017 to Jun 30, 2018 • Filed on May 15, 2019

525 Palisades RoadMount Vernon, IA 52314

(319) 895-8845

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

27th percentile

0.00x

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

83rd percentile

28%

Higher net margin than 83% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

85th percentile

36%

Faster asset growth than 85% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

68th percentile

16%

Faster revenue growth than 68% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$663,312

Up $174,222 (+36%) from 2017

Net Assets

Up

$663,312

Up $174,222 (+36%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Up

$533,914

Up $73,191 (+16%) from 2017

Expenses

Up

$383,063

Up $7,446 (+2.0%) from 2017

Net Income

Up

$150,851

Up $65,745 (+77%) from 2017

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $213,145Net Assets 2010: $213,1452010Assets 2011: $337,391Liabilities 2011: $0Net Assets 2011: $337,3912011Assets 2012: $399,019Liabilities 2012: $0Net Assets 2012: $399,0192012Assets 2013: $425,412Liabilities 2013: $0Net Assets 2013: $425,4122013Assets 2014: $382,641Liabilities 2014: $0Net Assets 2014: $382,6412014Assets 2015: $430,114Liabilities 2015: $0Net Assets 2015: $430,1142015Assets 2016: $406,125Liabilities 2016: $0Net Assets 2016: $406,1252016Assets 2017: $489,090Liabilities 2017: $0Net Assets 2017: $489,0902017Assets 2018: $663,312Liabilities 2018: $0Net Assets 2018: $663,3122018Assets 2019: $746,896Liabilities 2019: $11,994Net Assets 2019: $734,9022019Assets 2020: $743,345Liabilities 2020: $3,027Net Assets 2020: $740,3182020Assets 2021: $955,334Liabilities 2021: $1,725Net Assets 2021: $953,6092021Assets 2022: $1,224,317Liabilities 2022: $0Net Assets 2022: $1,224,3172022Assets 2023: $2,600,352Liabilities 2023: $0Net Assets 2023: $2,600,3522023Assets 2024: $1,693,556Liabilities 2024: $0Net Assets 2024: $1,693,5562024

Highlighted filing

2018

Assets$663,312
Liabilities$0
Net Assets$663,312

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2010: $97,666Expenses 2010: $45,592Net Income 2010: $52,0742010Expenses 2011: $196,8052011Expenses 2012: $301,0752012Expenses 2013: $288,5512013Revenue 2014: $371,889Expenses 2014: $414,660Net Income 2014: -$42,7712014Revenue 2015: $458,989Expenses 2015: $411,516Net Income 2015: $47,4732015Revenue 2016: $300,518Expenses 2016: $319,650Net Income 2016: -$19,1322016Revenue 2017: $460,723Expenses 2017: $375,617Net Income 2017: $85,1062017Revenue 2018: $533,914Expenses 2018: $383,063Net Income 2018: $150,8512018Revenue 2019: $450,940Expenses 2019: $391,647Net Income 2019: $59,2932019Revenue 2020: $645,885Expenses 2020: $635,352Net Income 2020: $10,5332020Revenue 2021: $545,641Expenses 2021: $469,865Net Income 2021: $75,7762021Revenue 2022: $1,538,915Expenses 2022: $1,157,514Net Income 2022: $381,4012022Revenue 2023: $1,803,718Expenses 2023: $501,098Net Income 2023: $1,302,6202023Revenue 2024: $1,377,704Expenses 2024: $2,381,785Net Income 2024: -$1,004,0812024

Highlighted filing

2018

Revenue$533,914
Expenses$383,063
Net Income$150,851
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 15, 2019
Return Version
2017v2.2
Gross Receipts
$538,931
Mission and Program Overview

Mission

The foundation is organized for the specific purpose to maintain, develop, increase and extend the facilities and services of the mount vernon community school district, and to provide broader educational service opportunities to its students, staff, faculty and the residents of the geographical area which it serves.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$289,742$424,962▲ $135,220
Savings and Temporary Cash Investments$199,348$238,350▲ $39,002
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$489,090$663,312▲ $174,222
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$489,090$663,312▲ $174,222
Total Net Assets Fund Balance$489,090$663,312▲ $174,222
Total Liabilities and Net Assets / Fund Balance$489,090$663,312▲ $174,222
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ann KoppenhaverPresident
Dave RyanVice President
Carol WoodsTrustee
Jenna WischmeyerTrustee
John RohmbergTrustee
Mary YoungTrustee
Tom WieselerTrustee
Virginia RoudabushTrustee
Matt BurkeSecy/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$374,522
Program Service Revenue
$0
Investment Income
$9,576
Other Revenue
$149,816
All Other Contributions
$346,472
Change in Net Assets
$150,851
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$342,867
Grants and Similar Amounts Paid$40,196
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$40,196--$40,196
Office Expenses-$36,432-$36,432
Other Expenses$8,934$7,718-$7,718
All Other Expenses-$3,087-$3,087
Fees for Service Investment Mgmnt Fees-$2,763-$2,763
Total Functional Expenses$259,875$123,188$0$383,063
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 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 preliminary draft of form 990 is circulated electronically to select board members for approval prior to submission.

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

Board members are required annually to complete and submit a signed conflict of interest statement to the board. All board members are present to discuss.

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

All documents are available upon written request.

Filing and Contact Details

Filer

Filer Name
Mount Vernon Community School District
EIN
42-1304892
Phone
3198958845
Address
525 PALISADES ROAD, MOUNT VERNON, IA 52314

Signing Officer

Name
Ann Koppenhaver
Title
President
Phone
3198956001
Signed
2019-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ann Koppenhaver
Formed
1987
Legal Domicile
Ia
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
500

Preparer

Firm
Koppenhaver & Associates PC
Address
204 Glenn St SE Ste 1, Mount Vernon, IA 52314
Preparer
Ann M Koppenhaver
Phone
3198956001
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

Adjustment to record investments at fmv = $23371

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IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0663312
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0ANN KOPPENHAVER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0QUALIFIED STUDENTS RECEIVE EDUCATIONAL SCHOLARSHIPS AS DETERMINED BY THE FACULTY OF MOUNT VERNON COMMUNITY HIGH SCHOOL.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt040196
IRS990/ProgSrvcAccomActy3Grp/Desc0TEACHERS AND EMPLOYEES OF MOUNT VERNON COMMUNITY SCHOOLS RECEIVE ADDITIONAL FUNDS TO ASSIST WITH EDUCATING STUDENTS FOR SUPPLIES IN THE CLASSROOM.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt08934
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0287363
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt031337
IRS990/PYInvestmentIncomeAmt041467
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0344280
IRS990/PYOtherRevenueAmt0131893
IRS990/PYRevenuesLessExpensesAmt085106
IRS990/PYTotalExpensesAmt0375617
IRS990/PYTotalRevenueAmt0460723
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0150851
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0199348
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0238350
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/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd0true
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd0true
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
IRS990ScheduleA/Form990SchAType3FuncIntGrp/GovernmentalEntityInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd0true
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd0false
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0ALL ACTIVITIES OF THE FOUNDATION ARE DESIGNED AND IMPLEMENTED ONLY TO BENEFIT THE MOUNT VERNON COMMUNITY SCHOOL DISTRICT AND THE EDUCATION OF THE DISTRICT STUDENTS AND FACILITATE TEACHERS IN THEIR JOB. NO OTHER ORGANIZATIONS BENEFIT FROM THE ACTIVITIES OF THE FOUNDATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE FOUNDATION IS THE FUNDRAISING BRANCH OF THE MOUNT VERNON COMMUNITY SCHOOL DISTRICT.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part IV, Section E, Line 2a: Identify Supported Orgs. and Explain How Activities Furthered Exempt Pu
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Part IV, Section E, Line 2b: Reasons For The Organization's Position
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0426025675
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0210745
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0MOUNT VERNON COMMUNITY SCHOOL
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt0210745
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt040196
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt044
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE MOUNT VERNON COMMUNITY SCHOOL DISTRICT FACULTY DETERMINES THE SCHOLARSHIP RECIPIENTS FROM STUDENT PREPARED APPLICATIONS. AMOUNTS ARE DISTRIBUTED TO COLLEGES AND UNIVERSITIES UPON ATTENDANCE BY THE RECIPIENT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A PRELIMINARY DRAFT OF FORM 990 IS CIRCULATED ELECTRONICALLY TO SELECT BOARD MEMBERS FOR APPROVAL PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE REQUIRED ANNUALLY TO COMPLETE AND SUBMIT A SIGNED CONFLICT OF INTEREST STATEMENT TO THE BOARD. ALL BOARD MEMBERS ARE PRESENT TO DISCUSS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ADJUSTMENT TO RECORD INVESTMENTS AT FMV = $23371
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0489090
IRS990/TotalAssetsEOYAmt0663312
IRS990/TotalAssetsGrp/BOYAmt0489090
IRS990/TotalAssetsGrp/EOYAmt0663312
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0374522
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0123188
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0259875
IRS990/TotalFunctionalExpensesGrp/TotalAmt0383063
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0489090
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0663312
IRS990/TotalProgramServiceExpensesAmt0259875
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0159392
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0533914
IRS990/TotalVolunteersCnt0500
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0489090
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0663312
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.69$0.00$1.69$1.38$2.38$1.00
2023Detailed filing. Detailed filing data is available for this year.$2.60$0.00$2.60$1.80$0.50$1.30
2022Detailed filing. Detailed filing data is available for this year.$1.22$0.00$1.22$1.54$1.16$0.38
2021Detailed filing. Detailed filing data is available for this year.$0.96$0.00$0.95$0.55$0.47$0.08
2020Detailed filing. Detailed filing data is available for this year.$0.74$0.00$0.74$0.65$0.64$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.75$0.01$0.73$0.45$0.39$0.06
2018Detailed filing. Detailed filing data is available for this year.$0.66$0.00$0.66$0.53$0.38$0.15
2017Detailed filing. Detailed filing data is available for this year.$0.49$0.00$0.49$0.46$0.38$0.09
2016Detailed filing. Detailed filing data is available for this year.$0.41$0.00$0.41$0.30$0.32$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.43$0.00$0.43$0.46$0.41$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.38$0.00$0.38$0.37$0.41$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.43$0.00$0.43$0.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.40$0.00$0.40$0.30
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$0.00$0.34$0.20
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.21$0.21$0.10$0.05$0.05