Civic Intelligence

Pella Community Foundation

990 • Fiscal year 2016 • EIN 42-1374038

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 08, 2016

PO Box 112Pella, IA 50219

(641) 628-8003

Siviq Scores

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

Liabilities / Assets

71st percentile

0.33x

Higher debt load relative to assets than 71% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

93rd percentile

3.49x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

97th percentile

79%

Higher net margin than 97% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

53rd percentile

2.0%

Faster asset growth than 53% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

87th percentile

43%

Faster revenue growth than 87% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$4,819,575

Up $95,885 (+2.0%) from 2015

Net Assets

Up

$3,205,241

Up $283,096 (+9.7%) from 2015

Liabilities

Down

$1,614,334

Down $187,211 (-10%) from 2015

Revenue

Up

$462,293

Up $138,047 (+43%) from 2015

Expenses

Down

$95,676

Down $217,154 (-69%) from 2015

Net Income

Up

$366,617

Up $355,201 (+3111%) from 2015

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $3,947,480Liabilities 2011: $2,396,817Net Assets 2011: $1,550,6632011Assets 2012: $3,888,561Liabilities 2012: $2,201,060Net Assets 2012: $1,687,5012012Assets 2013: $4,833,421Liabilities 2013: $2,320,266Net Assets 2013: $2,513,1552013Assets 2014: $5,063,022Liabilities 2014: $2,152,293Net Assets 2014: $2,910,7292014Assets 2015: $4,723,690Liabilities 2015: $1,801,545Net Assets 2015: $2,922,1452015Assets 2016: $4,819,575Liabilities 2016: $1,614,334Net Assets 2016: $3,205,2412016Assets 2017: $5,511,643Liabilities 2017: $1,755,031Net Assets 2017: $3,756,6122017Assets 2018: $6,730,385Liabilities 2018: $1,798,699Net Assets 2018: $4,931,6862018Assets 2019: $7,695,651Liabilities 2019: $1,788,347Net Assets 2019: $5,907,3042019Assets 2020: $7,554,068Liabilities 2020: $1,698,898Net Assets 2020: $5,855,1702020Assets 2021: $9,234,132Liabilities 2021: $2,053,787Net Assets 2021: $7,180,3452021Assets 2022: $8,804,886Liabilities 2022: $1,852,576Net Assets 2022: $6,952,3102022Assets 2023: $9,419,044Liabilities 2023: $1,906,691Net Assets 2023: $7,512,3532023Assets 2024: $19,455,087Liabilities 2024: $1,986,784Net Assets 2024: $17,468,3032024Assets 2025: $21,124,449Liabilities 2025: $2,166,695Net Assets 2025: $18,957,7542025

Highlighted filing

2016

Assets$4,819,575
Liabilities$1,614,334
Net Assets$3,205,241

Operations Trend

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

$10M$5.0M$0Expenses 2011: $75,7482011Revenue 2012: $342,143Expenses 2012: $92,632Net Income 2012: $249,5112012Expenses 2013: $275,6312013Revenue 2014: $678,494Expenses 2014: $280,920Net Income 2014: $397,5742014Revenue 2015: $324,246Expenses 2015: $312,830Net Income 2015: $11,4162015Revenue 2016: $462,293Expenses 2016: $95,676Net Income 2016: $366,6172016Revenue 2017: $398,598Expenses 2017: $95,167Net Income 2017: $303,4312017Revenue 2018: $1,333,208Expenses 2018: $212,047Net Income 2018: $1,121,1612018Revenue 2019: $1,160,034Expenses 2019: $273,014Net Income 2019: $887,0202019Revenue 2020: $386,989Expenses 2020: $296,623Net Income 2020: $90,3662020Revenue 2021: $355,565Expenses 2021: $290,875Net Income 2021: $64,6902021Revenue 2022: $831,489Expenses 2022: $334,507Net Income 2022: $496,9822022Revenue 2023: $578,693Expenses 2023: $295,667Net Income 2023: $283,0262023Revenue 2024: $9,681,760Expenses 2024: $348,470Net Income 2024: $9,333,2902024Revenue 2025: $1,135,776Expenses 2025: $413,942Net Income 2025: $721,8342025

Highlighted filing

2016

Revenue$462,293
Expenses$95,676
Net Income$366,617
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 8, 2016
Return Version
2015v2.0
Gross Receipts
$3,173,944
Mission and Program Overview

Mission

The basic purpose of the Foundation is to enhance the heritage and the quality of life of the people of Pella by facilitating and supporting the work of the non-profit organizations of the area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,063,401$3,211,447▼ $851,954
Cash and Non-Interest-Bearing Accounts$447,843$1,021,185▲ $573,342
Land, Buildings, and Equipment, Net-$392,500-
Investments Other Securities$212,446$194,443▼ $18,003
Savings and Temporary Cash Investments-$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 Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$4,723,690$4,819,575▲ $95,885
Other Assets Total-$0-
Liabilities
Escrow Account Liability$1,801,545$1,614,334▼ $187,211
Total Liabilities$1,801,545$1,614,334▼ $187,211
Net Assets / Fund Balance
Unrestricted Net Assets$2,922,145$3,205,241▲ $283,096
Total Net Assets Fund Balance$2,922,145$3,205,241▲ $283,096
Total Liabilities and Net Assets / Fund Balance$4,723,690$4,819,575▲ $95,885

Asset Categories

AssetBook ValueDepreciationBasis
Land$392,500--
Other Securities$94,096--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Pete VerheyChairman
Jim BrandlPresident
Mary GlendeningVice President
Dan DeCookDirector
Frank VandenBoschDirector
Karmen GardnerDirector
Mark ReckerDirector
Mike MontgomeryDirector
Roger StollDirector
Tami PutnamDirector
Les FullerSecretary
Ardith SutphenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$571,605
Program Service Revenue
$9,007
Investment Income
$-118,319
Other Revenue
$0
All Other Contributions
$571,605
Change in Net Assets
$366,617

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Other1$392,500Appraisal
Securities Publicly Traded2$11,850-
Total Noncash Contributions3$404,350-

Audited Revenue Reconciliation

Revenue per Audited Statements
$462,293
Total Revenue per Audited Statements
$462,293
Total Revenue per Form 990
$462,293
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$78,239
Other Expenses$17,437
Total Fundraising Expense$2,197
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$78,239--$78,239
Fees for Services Accounting-$9,331-$9,331
Office Expenses$1,472-$799$2,271
Other Expenses$4,300-$1,398$1,398
Advertising$137--$137
Total Functional Expenses$84,148$9,331$2,197$95,676

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$95,676
Total Expenses per Audited Statements$95,676
Total Expenses per Form 990$95,676
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Pella Dollars for ScholarsPella, IA-Earnings allocation$17,665
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
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

The 990 was sent to a secure electronic portal to which all the members of the board were given a password to review 990 and comment on any items they questioned before filing.

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

The officers, directors and key employees are required annually to disclose any interests that could give rise to conflicts. If a conflict of interest exists that person may make a factual presentation to the board or committee, but after such presentation shall leave the meeting during discussion of and the vote on the transaction or arrangement that results in the conflict of interest. If appropriate, the President or committee, shall appoint a disinterested person to committee to investigate alternatives to the proposed transaction or arrangement.If the board or committe has reasonable cause to believe that a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the response of the member and making such further investigation as may be warranted in the circumstances, the board or committee determined that the member in fact failed to disclose an actual or possible conflict of interest, it shall take appropriated disciplinary and corrective actions.

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

Financial statements are published in an annual report that is sent out to all past contributors and are made available to all local organizations, law offices, financial planners and is also available to the public on line at the organization's website. Governing documents, policies and the tax return are available on request.

Filing and Contact Details

Filer

Filer Name
Pella Community Foundation
EIN
42-1374038
Phone
6416288003
Address
PO Box 112, Pella, IA 50219

Signing Officer

Name
Jim Brandl
Title
President
Signed
2016-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Brandl
Formed
1991
Legal Domicile
Ia
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
13

Preparer

Firm
Van Maanen Sietstra Meyer & Nikkel PC
Address
705 Main Street, Pella, IA 50219
Preparer
Melanie Meyer CPA
Phone
6416283737
Supplemental Narrative

Financial Statement Notes

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

Several local nonprofits have chosen to invest some of their funds through the Pella Community Foundation's investments. The Pella Community Foundation has an investment program that allows for a diversified portfolio of investments. This has allowed local nonprofits to diversify their portfolios more than would have been possible on their own. The Pella Community Foundation and the local nonprofits have an agency agreement, where the investing nonprofits have signed an agreement that they have accepted the risk of these investments. Distributions (up to 100% of the Fund balance) of the Fund is pursuant to requests of the Agency submitted in writing authorizing such distributions. The resolution shall state the specific reason(s) for the request and describe why such distribution would further the legitimate interests of the Agency and how the fiduciary responsibilities to prior contributions will be fulfilled. Any such distribution of the Fund's principal, in whole or in part, shall be subject to the approval of the Foundation's Board of Directors, which shall not be unreasonably withheld, and will be made within 90 days of the required approvals. The Foundation provides a written statement to the Agency no later than 30 days after the end of each quarter showing the performance and activity of the Fund. The fee to administer the investments by the foundation is .5% of the market value of the Funds assets at the fiscal year-end.

Part V, Line 4: Intended uses of the endowment fund.

The amounts previously held as Permanent Endowments or quasi-permanent endowment have been reclassified as unrestricted. The Community Foundation has variance powers which allow gifts to be reclassified if the original use is not practical or becomes difficult to administer, as such, no contributions can be considered permanent. In accordance with the reclassification in the audit, all net assets are now considered unrestricted unless a time element would release a temporary restriction.

Part X : FIN48 Footnote

It is the opinion of management that the Foundation had no uncertain tax positions that would be subject to Interpretation No. 48.

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IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt02512697
IRS990/GrossReceiptsAmt03173944
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IRS990/IncludeFIN48FootnoteInd0true
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IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt080635
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt080635
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0212446
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0194443
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt04063401
IRS990/InvestmentsPubTradedSecGrp/EOYAmt03211447
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0392500
IRS990/LandBldgEquipCostOrOtherBssAmt0392500
IRS990/LegalDomicileStateCd0IA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt02711651
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The basic purpose of the Foundation is to enhance the heritage and the quality of life of the people of Pella by facilitating and supporting the work of the non-profit organizations of the area.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt02922145
IRS990/NetAssetsOrFundBalancesEOYAmt03205241
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-198954
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-198954
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-83521
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt0404350
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/FundraisingAmt0799
IRS990/OfficeExpensesGrp/ProgramServicesAmt01472
IRS990/OfficeExpensesGrp/TotalAmt02271
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Dues and Subscriptions
IRS990/OtherExpensesGrp/Desc1Printing and Publications
IRS990/OtherExpensesGrp/FundraisingAmt01398
IRS990/OtherExpensesGrp/ProgramServicesAmt04300
IRS990/OtherExpensesGrp/TotalAmt04300
IRS990/OtherExpensesGrp/TotalAmt11398
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Jim Brandl
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Administration fee
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt09007
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt09007
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0265979
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0298699
IRS990/PYInvestmentIncomeAmt047394
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt014131
IRS990/PYProgramServiceRevenueAmt010873
IRS990/PYRevenuesLessExpensesAmt011416
IRS990/PYTotalExpensesAmt0312830
IRS990/PYTotalRevenueAmt0324246
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0366617
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0378772
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0580612
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0276852
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0397129
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0963251
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0241202
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02459046
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0-201840
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt047394
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt096534
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt058896
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt051989
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt052973
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt048952
IRS990ScheduleA/OtherIncome170Grp/TotalAmt048952
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.96020
IRS990ScheduleA/PublicSupportPY170Pct00.85400
IRS990ScheduleA/PublicSupportTotal170Amt02459046
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0580612
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0276852
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0397129
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0963251
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0241202
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02459046
IRS990ScheduleA/TotalSupportAmt02560971
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/DisclosedForCharitablePrpsInd0true
IRS990ScheduleD/DisclosedOrgLegCtrlInd0true
IRS990ScheduleD/DonorAdvisedFundsContriAmt0392500
IRS990ScheduleD/DonorAdvisedFundsHeldCnt01
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt0392500
IRS990ScheduleD/ExpensesSubtotalAmt095676
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LandGrp/BookValueAmt0392500
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0392500
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt080840
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt194096
IRS990ScheduleD/OtherSecuritiesGrp/Desc0PRIVATE EQUITY FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1COMMODITY FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/RevenueSubtotalAmt0462293
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Several local nonprofits have chosen to invest some of their funds through the Pella Community Foundation's investments. The Pella Community Foundation has an investment program that allows for a diversified portfolio of investments. This has allowed local nonprofits to diversify their portfolios more than would have been possible on their own. The Pella Community Foundation and the local nonprofits have an agency agreement, where the investing nonprofits have signed an agreement that they have accepted the risk of these investments. Distributions (up to 100% of the Fund balance) of the Fund is pursuant to requests of the Agency submitted in writing authorizing such distributions. The resolution shall state the specific reason(s) for the request and describe why such distribution would further the legitimate interests of the Agency and how the fiduciary responsibilities to prior contributions will be fulfilled. Any such distribution of the Fund's principal, in whole or in part, shall be subject to the approval of the Foundation's Board of Directors, which shall not be unreasonably withheld, and will be made within 90 days of the required approvals. The Foundation provides a written statement to the Agency no later than 30 days after the end of each quarter showing the performance and activity of the Fund. The fee to administer the investments by the foundation is .5% of the market value of the Funds assets at the fiscal year-end.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The amounts previously held as Permanent Endowments or quasi-permanent endowment have been reclassified as unrestricted. The Community Foundation has variance powers which allow gifts to be reclassified if the original use is not practical or becomes difficult to administer, as such, no contributions can be considered permanent. In accordance with the reclassification in the audit, all net assets are now considered unrestricted unless a time element would release a temporary restriction.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2It is the opinion of management that the Foundation had no uncertain tax positions that would be subject to Interpretation No. 48.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part IV, Line 2b: Explanation of escrow account liability
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part V, Line 4: Intended uses of the endowment fund.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0392500
IRS990ScheduleD/TotalExpensesPerForm990Amt095676
IRS990ScheduleD/TotalRevenuePerForm990Amt0462293
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0462293
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt095676
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt017665
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Earnings allocation
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Pella Dollars for Scholars
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0102 E 15th St
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Pella
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd050219

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.1$2.17$19.0$1.14$0.41$0.72
2024Detailed filing. Detailed filing data is available for this year.$19.5$1.99$17.5$9.68$0.35$9.33
2023Detailed filing. Detailed filing data is available for this year.$9.42$1.91$7.51$0.58$0.30$0.28
2022Detailed filing. Detailed filing data is available for this year.$8.80$1.85$6.95$0.83$0.33$0.50
2021Detailed filing. Detailed filing data is available for this year.$9.23$2.05$7.18$0.36$0.29$0.06
2020Detailed filing. Detailed filing data is available for this year.$7.55$1.70$5.86$0.39$0.30$0.09
2019Detailed filing. Detailed filing data is available for this year.$7.70$1.79$5.91$1.16$0.27$0.89
2018Detailed filing. Detailed filing data is available for this year.$6.73$1.80$4.93$1.33$0.21$1.12
2017Detailed filing. Detailed filing data is available for this year.$5.51$1.76$3.76$0.40$0.10$0.30
2016Detailed filing. Detailed filing data is available for this year.$4.82$1.61$3.21$0.46$0.10$0.37
2015Detailed filing. Detailed filing data is available for this year.$4.72$1.80$2.92$0.32$0.31$0.01
2014Detailed filing. Detailed filing data is available for this year.$5.06$2.15$2.91$0.68$0.28$0.40
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.83$2.32$2.51$0.28
2012Summary only. Only limited summary data is available for this year.$3.89$2.20$1.69$0.34$0.09$0.25
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.95$2.40$1.55$0.08