Civic Intelligence

Sheldon Community School Educational Foundation

990 • Fiscal year 2023 • EIN 42-1316980

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 23, 2024

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

17th percentile

0.00x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

17th percentile

0.00x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

20th percentile

-13%

Higher net margin than 20% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

53rd percentile

5.5%

Faster asset growth than 53% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

1st percentile

-88%

Faster revenue growth than 1% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$1,377,285

Up $71,339 (+5.5%) from 2022

Net Assets

Up

$1,377,285

Up $71,339 (+5.5%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin20th percentile

Revenue

Down

$95,842

Down $679,777 (-88%) from 2022

Expenses

Up

$108,335

Up $48,265 (+80%) from 2022

Net Income

Down

-$12,493

Down $728,042 (-102%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth53rd 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

2023

Assets$1,377,285
Liabilities$0
Net Assets$1,377,285
Open 2023 Filing

Operations Trend

Revenue Growth1st 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

2023

Revenue$95,842
Expenses$108,335
Net Income-$12,493
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 23, 2024
Return Version
2023v5.0
Gross Receipts
$180,298
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$1,115,619$1,196,560▲ $80,941
Savings and Temporary Cash Investments$158,377$152,030▼ $6,347
Cash and Non-Interest-Bearing Accounts$31,950$28,695▼ $3,255
Total Assets$1,305,946$1,377,285▲ $71,339
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,134,297$1,214,838▲ $80,541
Net Assets Without Donor Restrictions$171,649$162,447▼ $9,202
Total Net Assets Fund Balance$1,305,946$1,377,285▲ $71,339
Total Liabilities and Net Assets / Fund Balance$1,305,946$1,377,285▲ $71,339

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$1,115,620$250▲ $127,716-$1,196,560
2022$567,933$694,996▼ $99,729$35,000$1,115,620
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 Pay39th 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
$50,483
Program Service Revenue
$0
Investment Income
$45,359
Other Revenue
$0
All Other Contributions
$50,483
Change in Net Assets
$-12,493
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$96,857
Other Expenses$11,478
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$49,750--$49,750
Grants to Domestic Orgs$47,107--$47,107
Fees for Service Investment Mgmnt Fees-$10,276-$10,276
Fees for Services Accounting-$1,175-$1,175
Office Expenses-$27-$27
Total Functional Expenses$96,857$11,478$0$108,335
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Sheldon Community SchoolsSheldon, IA501c3Literacy/therapy/sup$32,107
Sheldon Community SchoolsSheldon, IA501c3Athletic Field$15,000
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, 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
2024-04-23
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
Chase a Lottman 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/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01115620
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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
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS GRANTS
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IRS990ScheduleI/RecipientTable/CashGrantAmt132107
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0ATHLETIC FIELD
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1LITERACY/THERAPY/SUP
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0SHELDON COMMUNITY SCHOOLS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1SHELDON COMMUNITY SCHOOLS
IRS990ScheduleI/RecipientTable/RecipientEIN0426038825
IRS990ScheduleI/RecipientTable/RecipientEIN1426038825
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01700 EAST 4TH STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11700 EAST 4TH STREET
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE SHELDON COMMUNITY SCHOOL EDUCATIONAL FOUNDATION PURCHASES GROCERIES OR SUPPLIES 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 SUPPLIES 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
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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/ExplanationTxt1A 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/ExplanationTxt2THE 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/ExplanationTxt3THE 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, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JIM BUENGER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07127235343
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SHELDON COMMUNITY SCHOOL
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0EDUCATIONAL FOUNDATION
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SHELDON
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd051201
ReturnHeader/PreparerPersonGrp/PhoneNum07123242243

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,377,285
Liabilities
$0
Net assets
$1,377,285
Revenue
$95,842
Expenses
$108,335
Net income
-$12,493
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
2023Detailed filing. Detailed filing data is available for this year.$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
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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