Civic Intelligence

Sheldon Community School Educational Foundation

990 • Fiscal year 2021 • EIN 42-1316980

Jan 01, 2021 to Dec 31, 2021 • Filed on May 15, 2022

Organization ProfileN/A
830 23rd AveSheldon, IA 51201

(712) 348-4118

Siviq Scores

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

Liabilities / Assets

29th percentile

0.00x

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

29th percentile

0.00x

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

81st percentile

41%

Higher net margin than 81% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

49th percentile

8.9%

Faster asset growth than 49% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

17th percentile

-19%

Faster revenue growth than 17% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets29th percentile

Assets

Up

$746,990

Up $61,289 (+8.9%) from 2020

Net Assets

Up

$746,990

Up $61,289 (+8.9%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue29th percentileNet Margin81st percentile

Revenue

Down

$67,143

Down $15,682 (-19%) from 2020

Expenses

Down

$39,728

Down $57,909 (-59%) from 2020

Net Income

Up

$27,415

Up $42,227 (+285%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

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

$1.5M$1.0M$500K$0Assets 2018: $575,008Liabilities 2018: $0Net Assets 2018: $575,0082018Assets 2019: $672,117Liabilities 2019: $0Net Assets 2019: $672,1172019Assets 2020: $685,701Liabilities 2020: $0Net Assets 2020: $685,7012020Assets 2021: $746,990Liabilities 2021: $0Net Assets 2021: $746,9902021Assets 2022: $1,305,946Liabilities 2022: $0Net Assets 2022: $1,305,9462022Assets 2023: $1,377,285Liabilities 2023: $0Net Assets 2023: $1,377,2852023Assets 2024: $1,431,897Liabilities 2024: $0Net Assets 2024: $1,431,8972024

Highlighted filing

2021

Assets$746,990
Liabilities$0
Net Assets$746,990
Open 2021 Filing

Operations Trend

Revenue Growth17th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2018: $292,821Expenses 2018: $25,463Net Income 2018: $267,3582018Revenue 2019: $111,102Expenses 2019: $47,829Net Income 2019: $63,2732019Revenue 2020: $82,825Expenses 2020: $97,637Net Income 2020: -$14,8122020Revenue 2021: $67,143Expenses 2021: $39,728Net Income 2021: $27,4152021Revenue 2022: $775,619Expenses 2022: $60,070Net Income 2022: $715,5492022Revenue 2023: $95,842Expenses 2023: $108,335Net Income 2023: -$12,4932023Revenue 2024: $115,626Expenses 2024: $78,086Net Income 2024: $37,5402024

Highlighted filing

2021

Revenue$67,143
Expenses$39,728
Net Income$27,415
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 15, 2022
Return Version
2021v4.0
Gross Receipts
$106,549
Mission and Program Overview

Mission

The corporation is organized and shall be operated exclusively for educational, charitable, and scientific purposes and, to maintain, develop, increase and extend the facilities, services, and resources of the sheldon 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$522,281$567,933▲ $45,652
Savings and Temporary Cash Investments$133,927$149,005▲ $15,078
Cash and Non-Interest-Bearing Accounts$29,493$30,052▲ $559
Total Assets$685,701$746,990▲ $61,289
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$522,282$587,566▲ $65,284
Net Assets Without Donor Restrictions$163,419$159,424▼ $3,995
Total Net Assets Fund Balance$685,701$746,990▲ $61,289
Total Liabilities and Net Assets / Fund Balance$685,701$746,990▲ $61,289

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$522,281$500▲ $67,415$15,000$567,933
2020$512,714$50▲ $34,335$17,778$522,281
2019$464,963$350▲ $54,598-$512,714
Compensation and Service Providers
Top Officer Pay52nd percentile

Board Members and Trustees

NameTitle
Justin JonasPresident
Cindy BarwickDirector
Cory MyerDirector
Jane DebatesDirector
Jessica BrinkDirector
Mike KleinwolterinkDirector
Pam ThorntonDirector
Tracy MeyerDirector
Susan RensinkSecretary
Jim BuengerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$33,227
Program Service Revenue
$0
Investment Income
$33,916
Other Revenue
$0
All Other Contributions
$33,227
Change in Net Assets
$27,415
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$36,700
Other Expenses$3,028
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$21,950--$21,950
Grants to Domestic Individuals$14,750--$14,750
Fees for Service Investment Mgmnt Fees-$1,912-$1,912
Fees for Services Accounting-$1,000-$1,000
Office Expenses-$116-$116
Total Functional Expenses$36,700$3,028$0$39,728
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Sheldon Community SchoolsSheldon, IA501c3Literacy/therapy/sup$21,950
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
Governance and Compliance

Governance Checklist

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

“Several of the foundation's policies are in the process of being developed at the time of this filing. Not having these policies in place at this time should not jeopardize the foundation's tax-exempt status.”

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

“A review of the form 990 for accuracy and completeness is made by the signing officer before the return is filed with the irs.”

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

“The foundation board is diligent in reviewing contracts and agreements for conflicts of interest and will enforce the conflict of interest policy when needed”

Form 990, Page 6, Part VI, Line 19

“The foundation's governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Sheldon Community School
EIN
42-1316980
Phone
7123484118
Address
830 23RD AVE, SHELDON, IA 51201

Signing Officer

Name
Jim Buenger
Title
Treasurer
Phone
7127235343
Signed
2022-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Buenger
Formed
1987
Legal Domicile
Ia
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
10

Preparer

Firm
Williams & Company CPA Pc
Address
140 NORTH RUNGER AVENUE, SHELDON, IA 51201
Preparer
Aaron D Prewitt CPA
Phone
7123242243
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The corporation is organized and shall be operated exclusively for educational, charitable, and scientific purposes and, to maintain, develop, increase and extend the facilities, services, and resources of the sheldon 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.”

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

“The endowment funds are to be used to further the corporations mission”

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IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt015000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt01540
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0512714
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt050
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0522281
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt05500
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt034335
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt017778
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt01097
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0464963
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0350
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0512714
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt06100
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt054598
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ENDOWMENT FUNDS ARE TO BE USED TO FURTHER THE CORPORATIONS MISSION
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt014750
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS GRANTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt010
IRS990ScheduleI/RecipientTable/CashGrantAmt021950
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0LITERACY/THERAPY/SUP
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0SHELDON COMMUNITY SCHOOLS
IRS990ScheduleI/RecipientTable/RecipientEIN0426038825
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01700 EAST 4TH STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SHELDON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd051201
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE SHELDON COMMUNITY SCHOOL EDUCATIONAL FOUNDATION PURCHASES GROCERIES DURING THE SCHOOL YEAR AS SAID RESOURCES ARE CONSUMED BY THE SHELDON COMMUNITY SCHOOL FOR DISTRIBUTION TO NEEDY STUDENTS. AS THE SUPPLY IS CONSUMED, ADDITIONAL GROCERIES ARE PURCHASED. THE SCHOOL DETERMINES THE STUDENTS IN NEED. THE SHELDON COMMUNITY SCHOOL EDUCATIONAL FOUNDATION PROVIDES SCHOLARSHIP FUNDS TO STUDENTS OF THE SHELDON COMMUNITY SCHOOL DISTRICT. IN SOME CASES, THE SCHOOL DISTRICT PROVIDES THE NAMES OF STUDENTS WHOM THEY RECOMMEND TO RECEIVE THE SCHOLARSHIP BASED ON THE CRITERIA SET FORTH BY THE DONOR. ALL RECIPIENTS ARE ULTIMATELY APPROVED BY THE SHELDON COMMUNITY SCHOOL EDUCATIONAL FOUNDATION BOARD OF DIRECTORS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR EDUCATIONAL, CHARITABLE, AND SCIENTIFIC PURPOSES AND, TO MAINTAIN, DEVELOP, INCREASE AND EXTEND THE FACILITIES, SERVICES, AND RESOURCES OF THE SHELDON 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SEVERAL OF THE FOUNDATION'S POLICIES ARE IN THE PROCESS OF BEING DEVELOPED AT THE TIME OF THIS FILING. NOT HAVING THESE POLICIES IN PLACE AT THIS TIME SHOULD NOT JEOPARDIZE THE FOUNDATION'S TAX-EXEMPT STATUS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A REVIEW OF THE FORM 990 FOR ACCURACY AND COMPLETENESS IS MADE BY THE SIGNING OFFICER BEFORE THE RETURN IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION BOARD IS DILIGENT IN REVIEWING CONTRACTS AND AGREEMENTS FOR CONFLICTS OF INTEREST AND WILL ENFORCE THE CONFLICT OF INTEREST POLICY WHEN NEEDED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0685701
IRS990/TotalAssetsEOYAmt0746990
IRS990/TotalAssetsGrp/BOYAmt0685701
IRS990/TotalAssetsGrp/EOYAmt0746990
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt033227
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03028
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt036700
IRS990/TotalFunctionalExpensesGrp/TotalAmt039728
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0685701
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0746990
IRS990/TotalProgramServiceExpensesAmt036700
IRS990/TotalRevenueGrp/ExclusionAmt033916
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt067143
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0685701
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0746990
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0830 23RD AVE
IRS990/USAddress/CityNm0SHELDON
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd051201
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JIM BUENGER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07127235343
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SHELDON COMMUNITY SCHOOL
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0EDUCATIONAL FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0SHEL
ReturnHeader/Filer/EIN0421316980
ReturnHeader/Filer/PhoneNum07123484118
ReturnHeader/Filer/USAddress/AddressLine1Txt0830 23RD AVE
ReturnHeader/Filer/USAddress/CityNm0SHELDON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd051201
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0421377056
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WILLIAMS & COMPANY CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0140 NORTH RUNGER AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SHELDON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd051201
ReturnHeader/PreparerPersonGrp/PhoneNum07123242243
ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0AARON D PREWITT CPA
ReturnHeader/ReturnTs02022-05-16T15:03:44-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JIM
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BUENGER
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$746,990
Liabilities
$0
Net assets
$746,990
Revenue
$67,143
Expenses
$39,728
Net income
$27,415
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.43$0.00$1.43$0.12$0.08$0.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.38$0.00$1.38$0.10$0.11$0.01
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.31$0.00$1.31$0.78$0.06$0.72
2021Detailed filing. Detailed filing data is available for this year.$0.75$0.00$0.75$0.07$0.04$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.69$0.00$0.69$0.08$0.10$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.67$0.00$0.67$0.11$0.05$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.58$0.00$0.58$0.29$0.03$0.27