Civic Intelligence

The Wallace Centers of Iowa

EIN 42-1322071 • 501(c)3 • Des Moines, IA

Profile

Exempt purpose is to build community through meaningful dialogue and active learning. Facilitate discussions on contemporary issues in agriculture, conservation, eating locally and civility programming and training, and quality of life.

756 16th StreetDes Moines, IA 50314

www.wallace.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

51st percentile

0.07x

Higher debt load relative to assets than 51% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

60th percentile

0.14x

Higher debt load relative to revenue than 60% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

89th percentile

50%

Higher net margin than 89% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

89th percentile

44%

Faster asset growth than 89% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

82nd percentile

46%

Faster revenue growth than 82% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,224,063

Up $681,182 (+44%) from 2023

Liabilities

Up

$150,501

Up $61,650 (+69%) from 2023

Net Assets

Up

$2,073,562

Up $619,532 (+43%) from 2023

Revenue

Up

$1,084,051

Up $342,453 (+46%) from 2023

Expenses

Down

$544,050

Down $30,574 (-5.3%) from 2023

Net Income

Up

$540,001

Up $373,027 (+223%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2011: $1,334,306Liabilities 2011: $21,596Net Assets 2011: $1,312,7102011Assets 2012: $1,316,662Liabilities 2012: $10,475Net Assets 2012: $1,306,1872012Assets 2013: $1,446,249Liabilities 2013: $35,714Net Assets 2013: $1,410,5352013Assets 2014: $1,408,411Liabilities 2014: $19,725Net Assets 2014: $1,388,6862014Assets 2015: $1,500,447Liabilities 2015: $34,154Net Assets 2015: $1,466,2932015Assets 2016: $1,428,846Liabilities 2016: $37,867Net Assets 2016: $1,390,9792016Assets 2017: $1,550,059Liabilities 2017: $97,935Net Assets 2017: $1,452,1242017Assets 2018: $1,398,342Liabilities 2018: $68,874Net Assets 2018: $1,329,4682018Assets 2019: $1,388,377Liabilities 2019: $65,421Net Assets 2019: $1,322,9562019Assets 2020: $1,399,660Liabilities 2020: $96,789Net Assets 2020: $1,302,8712020Assets 2021: $1,520,760Liabilities 2021: $111,949Net Assets 2021: $1,408,8112021Assets 2022: $1,445,274Liabilities 2022: $157,961Net Assets 2022: $1,287,3132022Assets 2023: $1,542,881Liabilities 2023: $88,851Net Assets 2023: $1,454,0302023Assets 2024: $2,224,063Liabilities 2024: $150,501Net Assets 2024: $2,073,5622024

Highlighted filing

2024

Assets$2,224,063
Liabilities$150,501
Net Assets$2,073,562

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $322,665Expenses 2011: $333,335Net Income 2011: -$10,6702011Expenses 2012: $439,9482012Revenue 2013: $595,168Expenses 2013: $490,820Net Income 2013: $104,3482013Revenue 2014: $507,398Expenses 2014: $561,032Net Income 2014: -$53,6342014Revenue 2015: $641,642Expenses 2015: $564,035Net Income 2015: $77,6072015Revenue 2016: $500,575Expenses 2016: $575,889Net Income 2016: -$75,3142016Revenue 2017: $680,007Expenses 2017: $618,862Net Income 2017: $61,1452017Revenue 2018: $516,715Expenses 2018: $639,371Net Income 2018: -$122,6562018Revenue 2019: $530,011Expenses 2019: $536,523Net Income 2019: -$6,5122019Revenue 2020: $471,836Expenses 2020: $491,921Net Income 2020: -$20,0852020Revenue 2021: $626,902Expenses 2021: $520,962Net Income 2021: $105,9402021Revenue 2022: $470,744Expenses 2022: $592,242Net Income 2022: -$121,4982022Revenue 2023: $741,598Expenses 2023: $574,624Net Income 2023: $166,9742023Revenue 2024: $1,084,051Expenses 2024: $544,050Net Income 2024: $540,0012024

Highlighted filing

2024

Revenue$1,084,051
Expenses$544,050
Net Income$540,001

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.22$0.15$2.07$1.08$0.54$0.54
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.54$0.09$1.45$0.74$0.57$0.17
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.45$0.16$1.29$0.47$0.59$0.12
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.52$0.11$1.41$0.63$0.52$0.11
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.40$0.10$1.30$0.47$0.49$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.39$0.07$1.32$0.53$0.54$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.40$0.07$1.33$0.52$0.64$0.12
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.55$0.10$1.45$0.68$0.62$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.43$0.04$1.39$0.50$0.58$0.08
2015Detailed filing. Detailed filing data is available for this year.$1.50$0.03$1.47$0.64$0.56$0.08
2014Detailed filing. Detailed filing data is available for this year.$1.41$0.02$1.39$0.51$0.56$0.05
2013Detailed filing. Detailed filing data is available for this year.$1.45$0.04$1.41$0.60$0.49$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.32$0.01$1.31$0.44
2011Summary only. Only limited summary data is available for this year.$1.33$0.02$1.31$0.32$0.33$0.01
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 2, 2023
Return Version
2022v5.0
Gross Receipts
$475,016
Mission and Program Overview

Mission

Exempt purpose is to enrich community through sustainable food and civility initiatives. Programs and services build awareness of local food systems, sustainable agriculture, civility, and the wallace family history.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$822,508$674,129▼ $148,379
Land, Buildings, and Equipment, Net$536,848$579,967▲ $43,119
Cash and Non-Interest-Bearing Accounts$151,121$190,747▲ $39,626
Accounts Receivable$10,280$231▼ $10,049
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-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,520,760$1,445,274▼ $75,486
Other Assets Total$3$200▲ $197
Liabilities
Other Liabilities$110,216$157,040▲ $46,824
Accounts Payable and Accrued Expenses$1,183$921▼ $262
Unsecured Notes Loans Payable$550--
Total Liabilities$111,949$157,961▲ $46,012
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,408,811$1,287,313▼ $121,498
Total Net Assets Fund Balance$1,408,811$1,287,313▼ $121,498
Total Liabilities and Net Assets / Fund Balance$1,520,760$1,445,274▼ $75,486

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$499,442$837,084$1,336,526
Equipment$33,361$110,211$143,572
Land$45,862-$45,862
Leasehold Improvements$1,302$11,678$12,980
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jeff WallaceChairman
Rachel BinningVice Chairman
Amara HuffineDirector
Barb KalbachDirector
David MurrayDirector
Greg PadgetDirector
Jane Hatfield AnchusteguiDirector
Jay HoweDirector
Jim HoytDirector
Marion JamesDirector
Michelle WilsonDirector
Nicholas DevereuxDirector
Sarah BunchDirector
Aubrey AlvarezSecretary
Christine AugustineTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$412,478
Program Service Revenue
$150,943
Investment Income
$-98,881
Other Revenue
$6,204
All Other Contributions
$370,856
Change in Net Assets
$-121,498
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$386,445
Other Expenses$205,797
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$302,615$53,403-$356,018
Depreciation Depletion$45,936--$45,936
Payroll Taxes$23,389$4,129-$27,518
All Other Expenses$17,396$6,857-$24,253
Insurance-$12,579-$12,579
Other Expenses$11,920$3,336-$11,920
Advertising$7,502--$7,502
Office Expenses-$6,031-$6,031
Fees for Service Investment Mgmnt Fees-$3,825-$3,825
Other Employee Benefits$2,473$436-$2,909
Interest$583--$583
Fees for Services Accounting-$500-$500
Fees for Services Other-$268-$268
Conferences and Meetings$27--$27
Total Functional Expenses$500,878$91,364$0$592,242
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Grant Revenue$123,431
Loan From Farmer Electric Coop$28,466
Payroll Taxes$3,148
Gift Certificates Pay$1,994
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
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

The 990 form is reviewed by the full board at a regular board meeting. Copies of the 990 form were available to the board of directors. A motion was passed to accept the 990 form and send it to the internal revenue service.

Form 990, Part VI, Section B, Line 12C

Annually conflict of interest forms are completed by each board member and potential conflicts of interest are identified if applicable.

Form 990, Part VI, Section B, Line 15A

Compensation of the executive director is reveiwed by the executive committee of the board of directors. Salary recommendations are included in the annual budget and the budget is voted on by the board.

Form 990, Part VI, Section B, Line 15B

The executive director performs annual reviews of the employees and includes proposed salary changes in the annual budget which is voted on by the board of directors.

Form 990, Part VI, Section C, Line 19

The board meets quarterly and is given financial reports at each meeting. The 990 form and financial information is available upon request at the des moines location.

Filing and Contact Details

Filer

Filer Name
The Wallace Centers of Iowa
EIN
42-1322071
Phone
5152437063
Address
756 16TH STREET, DES MOINES, IA 50314

Signing Officer

Name
Jeff Wallace
Title
Chairman
Signed
2023-11-02
Discuss with paid preparer
Yes

Organization Details

Formed
1988
Legal Domicile
Ia
Voting Board Members
15
Independent Board Members
15
Employees
26
Volunteers
50

Preparer

Firm
Lisa A Calvert CPA
Address
306 State Street, Guthrie Center, IA 50115
Preparer
Lisa Calvert CPA
Phone
6413322115
Supplemental Narrative

Financial Statement Notes

Part III, Line 1A: If organization elected under SFAS 116 to not report are, historical treasures, O

The organization is the keeper of many historical items of henry a wallace and the wallace family. Examples would be a desk, rug, clock, posters, and many photographs.

Raw XML AppendixShowing 400 of 527 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
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IRS990/AdvertisingGrp/ProgramServicesAmt07502
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IRS990/CYRevenuesLessExpensesAmt0-121498
IRS990/CYSalariesCompEmpBnftPaidAmt0386445
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IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0470744
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
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IRS990/DepreciationDepletionGrp/ProgramServicesAmt045936
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IRS990/FeesForServicesManagementGrp/TotalAmt00
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IRS990/Form990PartVIISectionAGrp/PersonNm1JIM HOYT
IRS990/Form990PartVIISectionAGrp/PersonNm2MARION JAMES
IRS990/Form990PartVIISectionAGrp/PersonNm3DAVID MURRAY
IRS990/Form990PartVIISectionAGrp/PersonNm4AUBREY ALVAREZ
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IRS990/Form990PartVIISectionAGrp/PersonNm6JAY HOWE
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IRS990/Form990PartVIISectionAGrp/PersonNm8CHRISTINE AUGUSTINE
IRS990/Form990PartVIISectionAGrp/PersonNm9SARAH BUNCH
IRS990/Form990PartVIISectionAGrp/PersonNm10RACHEL BINNING
IRS990/Form990PartVIISectionAGrp/PersonNm11JEFF WALLACE
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