Civic Intelligence

Community Y Endowment Foundation

990 • Fiscal year 2014 • EIN 42-1356213

Jan 01, 2014 to Dec 31, 2014 • Filed on Oct 06, 2015

1823 Logan StreetMuscatine, IA 52761

(563) 264-4211

Siviq Scores

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

Liabilities / Assets

35th percentile

0.04x

Higher debt load relative to assets than 35% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

93rd percentile

3.75x

Higher debt load relative to revenue than 93% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

40th percentile

-0.1%

Higher net margin than 40% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

73rd percentile

$106,723

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 297.7% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

58th percentile

4.3%

Faster asset growth than 58% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

22nd percentile

-9.6%

Faster revenue growth than 22% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$3,804,844

Up $157,789 (+4.3%) from 2013

Net Assets

Up

$3,670,497

Up $125,071 (+3.5%) from 2013

Liabilities

Up

$134,347

Up $32,718 (+32%) from 2013

Revenue

Down

$35,844

Down $3,792 (-9.6%) from 2013

Expenses

Down

$35,865

Down $2,942 (-7.6%) from 2013

Net Income

Down

-$21

Down $850 (-103%) from 2013

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $3,148,884Liabilities 2010: $7,975Net Assets 2010: $3,140,9092010Assets 2011: $3,071,884Liabilities 2011: $18,611Net Assets 2011: $3,053,2732011Assets 2012: $3,265,027Liabilities 2012: $65,956Net Assets 2012: $3,199,0712012Assets 2013: $3,647,055Liabilities 2013: $101,629Net Assets 2013: $3,545,4262013Assets 2014: $3,804,844Liabilities 2014: $134,347Net Assets 2014: $3,670,4972014Assets 2015: $3,676,330Liabilities 2015: $110,972Net Assets 2015: $3,565,3582015Assets 2016: $3,177,531Liabilities 2016: $123,185Net Assets 2016: $3,054,3462016Assets 2017: $3,402,297Liabilities 2017: $157,549Net Assets 2017: $3,244,7482017Assets 2018: $2,306,323Liabilities 2018: $175,716Net Assets 2018: $2,130,6072018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019

Highlighted filing

2014

Assets$3,804,844
Liabilities$134,347
Net Assets$3,670,497

Operations Trend

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

$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2010: $68,5392010Expenses 2011: $113,0642011Expenses 2012: $50,4782012Revenue 2013: $39,636Expenses 2013: $38,807Net Income 2013: $8292013Revenue 2014: $35,844Expenses 2014: $35,865Net Income 2014: -$212014Revenue 2015: $42,007Expenses 2015: $103,492Net Income 2015: -$61,4852015Revenue 2016: $69,958Expenses 2016: $712,114Net Income 2016: -$642,1562016Revenue 2017: $44,782Expenses 2017: $41,603Net Income 2017: $3,1792017Revenue 2018: $41,715Expenses 2018: $1,029,187Net Income 2018: -$987,4722018Revenue 2019: $293,511Expenses 2019: $2,596,557Net Income 2019: -$2,303,0462019

Highlighted filing

2014

Revenue$35,844
Expenses$35,865
Net Income-$21
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Oct 6, 2015
Return Version
2014v5.0
Gross Receipts
$35,844
Mission and Program Overview

Mission

Organization's mission is to support the muscatine community y of muscatine, iowa.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,452,273$1,577,366▲ $125,093
Savings and Temporary Cash Investments$157,940$176,917▲ $18,977
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$3,647,055$3,804,844▲ $157,789
Other Assets Total$2,036,842$2,050,561▲ $13,719
Liabilities
Escrow Account Liability$101,629$134,347▲ $32,718
Total Liabilities$101,629$134,347▲ $32,718
Net Assets / Fund Balance
Permanently Rstr Net Assets$2,000,000$2,000,000→ $0
Unrestricted Net Assets$1,545,426$1,670,497▲ $125,071
Total Net Assets Fund Balance$3,545,426$3,670,497▲ $125,071
Total Liabilities and Net Assets / Fund Balance$3,647,055$3,804,844▲ $157,789

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$254,536--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$3,545,426$300▲ $160,636$31,379$3,670,497
2013$3,199,071$400▲ $384,526$34,632$3,545,426
2012$3,053,273$425▲ $195,851$46,663$3,199,071
2011$3,140,909$425▲ $25,003$109,489$3,053,273
2010$2,974,530$400▲ $234,518$64,777$3,140,909
Compensation and Service Providers

Employees

NameTitleOtherTotal
Bret OlsonAsst. Secretary$106,723$106,723

Board Members and Trustees

NameTitle
Chuck VeseyPresident
Bryan FesslerVice President
Misty SoltwedelAsst. Treasurer
Carter Van HemertSecretary
Bev KnoernschildTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$300
Program Service Revenue
$0
Investment Income
$35,544
Other Revenue
$0
All Other Contributions
$300
Change in Net Assets
$-21

Audited Revenue Reconciliation

Revenue per Audited Statements
$35,844
Revenue Not Reported on Form 990
$125,092
Total Revenue per Audited Statements
$160,936
Total Revenue per Form 990
$35,844
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$31,379
Other Expenses$4,486
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$31,379--$31,379
Fees for Services Accounting-$4,486-$4,486
Total Functional Expenses$31,379$4,486$0$35,865

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$35,865
Total Expenses per Audited Statements$35,865
Total Expenses per Form 990$35,865
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Muscatine Community YMuscatine, IA501(c)(3)Program Funding$31,379
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
Audit committee
No
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

The 990 is reviewed by the executive director and treasurer.

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

The endowment board consistently monitors and enforces compliance with the conflict of interest policy.

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

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.

Filing and Contact Details

Filer

Filer Name
Community Y Endowment Foundation
EIN
42-1356213
Phone
5632644211
Address
1823 LOGAN STREET, MUSCATINE, IA 52761

Signing Officer

Name
Chuck Vesey
Title
President
Signed
2015-10-06
Discuss with paid preparer
Yes

Organization Details

Formed
1990
Legal Domicile
Ia
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
TD&T CPAs and Advisors PC
Address
500 Cedar St, Muscatine, IA 52761
Preparer
Vicki a Beckey CPA
Phone
5632642727
Supplemental Narrative

Financial Statement Notes

Part IV, Line 2B: Explanation of escrow account liability

As of december 31, 2014, the y had $134,347 invested with the foundation for the purpose of pooling investments to achieve a higher rate of return than would be available if the funds were invested individually by the y. The funds invested are to be made available to the y on the first of the month upon written request five working days prior to the scheduled disbursement date. Pooled investments are covered by an operating agreement between the foundation and the y. There is no recorded lien on this agreement.

Part X : FIN48 Footnote

INCOME TAX STATUS-THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(c)(3)OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. FOR THE YEARS ENDED DECEMBER 31, 2014 AND 2013, MANAGEMENT HAS DETERMINED THAT THE FOUNDATION HAS NO UNRELATED BUSINESS INCOME. IN ADDITION, THE FOUNDATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(b)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(a)(2). THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE FOUNDATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2011.

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IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc09
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt031979
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0MUSCATINE COMMUNITY Y
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt031979
IRS990/ScheduleBRequiredInd0false
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IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.45510
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IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt03670497
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt04175
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt03199071
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0400
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt03545426
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0384526
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt034632
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt03815
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt03053273
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0425
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt03199071
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0195851
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt046663
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt03575
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt03140909
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0425
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt03053273
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt025003
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0109489
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt03762
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt02974530
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0400
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt03140909
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0234518
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IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt016120
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1255736
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2320739
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3277763
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4334400
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt5277136
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt6253131
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt761000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt8254536
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ACCRUED INTEREST REC
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CB TIME DEPOSIT MATURING 4/2/16
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2CSB REPURCHASE AGREEMENT DUE 1/2/15
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3CSB REPURCHASE AGREEMENT DUE 12/31/14
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4CSB REPURCHASE AGREEMENT DUE 5/12/15
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5CSB REPURCHASE AGREEMENT DUE 6/30/14
IRS990ScheduleD/OtherAssetsOrgGrp/Desc6CSB TIME DEPOSIT MATURING 3/31/17
IRS990ScheduleD/OtherAssetsOrgGrp/Desc7FNB TIME DEPOSIT MATURING 3/31/17
IRS990ScheduleD/OtherAssetsOrgGrp/Desc8FNB TIME DEPOSIT MATURING 6/30/15
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.54490
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/RevenueNotReportedAmt0125092
IRS990ScheduleD/RevenueSubtotalAmt035844
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0AS OF DECEMBER 31, 2014, THE Y HAD $134,347 INVESTED WITH THE FOUNDATION FOR THE PURPOSE OF POOLING INVESTMENTS TO ACHIEVE A HIGHER RATE OF RETURN THAN WOULD BE AVAILABLE IF THE FUNDS WERE INVESTED INDIVIDUALLY BY THE Y. THE FUNDS INVESTED ARE TO BE MADE AVAILABLE TO THE Y ON THE FIRST OF THE MONTH UPON WRITTEN REQUEST FIVE WORKING DAYS PRIOR TO THE SCHEDULED DISBURSEMENT DATE. POOLED INVESTMENTS ARE COVERED BY AN OPERATING AGREEMENT BETWEEN THE FOUNDATION AND THE Y. THERE IS NO RECORDED LIEN ON THIS AGREEMENT.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1INCOME TAX STATUS-THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(c)(3)OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. FOR THE YEARS ENDED DECEMBER 31, 2014 AND 2013, MANAGEMENT HAS DETERMINED THAT THE FOUNDATION HAS NO UNRELATED BUSINESS INCOME. IN ADDITION, THE FOUNDATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(b)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(a)(2). THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE FOUNDATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2011.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part IV, Line 2b: Explanation of escrow account liability
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02050561
IRS990ScheduleD/TotalExpensesPerForm990Amt035865
IRS990ScheduleD/TotalRevenuePerForm990Amt035844
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0160936
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt035865
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IRS990ScheduleI/RecipientTable/CashGrantAmt031379
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PROGRAM FUNDING
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MUSCATINE COMMUNITY Y
IRS990ScheduleI/RecipientTable/RecipientEIN0420680340
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01823 LOGAN STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MUSCATINE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd052761
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE GRANT FUNDS ARE GRANTED WITHOUT RESTRICTIONS TO THE MUSCATINE COMMUNITY Y. THE MUSCATINE COMMUNITY Y'S FINANCIAL STATEMENTS ARE AUDITED ANNUALLY TO ASSURE THE FUNDS ARE USED FOR THEIR INTENDED PURPOSE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ENDOWMENT BOARD CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC DURING THE TAX YEAR.
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
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0420680340
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501c3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0FAMILY YMCA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt09
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01823 LOGAN ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MUSCATINE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IA
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