Civic Intelligence

Lemars Community School District Foundation

990 • Fiscal year 2019 • EIN 42-1386147

Jan 01, 2019 to Dec 31, 2019 • Filed on May 26, 2020

Refreshing map…

921 3rd Ave SWLe Mars, IA 51031

(712) 546-4155

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

28th percentile

0.00x

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

41st percentile

0.4%

Higher net margin than 41% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

56th percentile

5.4%

Faster asset growth than 56% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

97th percentile

240%

Faster revenue growth than 97% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$326,005

Up $16,702 (+5.4%) from 2018

Net Assets

$326,005

No earlier filing loaded for comparison.

Liabilities

Flat

$0

Flat from 2018

Revenue

Up

$678,001

Up $478,743 (+240%) from 2018

Expenses

Up

$675,227

Up $479,725 (+245%) from 2018

Net Income

Down

$2,774

Down $982 (-26%) from 2018

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $199,799Net Assets 2010: $199,7992010Assets 2011: $208,613Net Assets 2011: $208,6132011Assets 2012: $248,891Net Assets 2012: $248,8912012Assets 2013: $261,918Net Assets 2013: $261,9182013Assets 2014: $246,421Net Assets 2014: $246,4212014Assets 2015: $302,870Net Assets 2015: $302,8702015Assets 2016: $297,691Net Assets 2016: $297,6912016Assets 2017: $313,862Net Assets 2017: $313,8622017Assets 2018: $309,303Liabilities 2018: $02018Assets 2019: $326,005Liabilities 2019: $0Net Assets 2019: $326,0052019Assets 2020: $1,290,009Liabilities 2020: $0Net Assets 2020: $1,290,0092020Assets 2021: $839,275Liabilities 2021: $0Net Assets 2021: $839,2752021Assets 2022: $915,493Liabilities 2022: $0Net Assets 2022: $915,4932022Assets 2023: $1,933,755Liabilities 2023: $0Net Assets 2023: $1,933,7552023Assets 2024: $2,094,161Liabilities 2024: $0Net Assets 2024: $2,094,1612024

Highlighted filing

2019

Assets$326,005
Liabilities$0
Net Assets$326,005

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2010: $92,514Expenses 2010: $58,229Net Income 2010: $34,2852010Revenue 2011: $66,136Expenses 2011: $57,322Net Income 2011: $8,8142011Revenue 2012: $98,730Expenses 2012: $58,452Net Income 2012: $40,2782012Revenue 2013: $72,742Expenses 2013: $63,446Net Income 2013: $9,2962013Revenue 2014: $92,105Expenses 2014: $106,795Net Income 2014: -$14,6902014Revenue 2015: $132,674Expenses 2015: $77,082Net Income 2015: $55,5922015Revenue 2016: $63,261Expenses 2016: $72,374Net Income 2016: -$9,1132016Revenue 2017: $64,484Expenses 2017: $60,813Net Income 2017: $3,6712017Revenue 2018: $199,258Expenses 2018: $195,502Net Income 2018: $3,7562018Revenue 2019: $678,001Expenses 2019: $675,227Net Income 2019: $2,7742019Revenue 2020: $1,438,925Expenses 2020: $479,534Net Income 2020: $959,3912020Revenue 2021: $576,497Expenses 2021: $1,041,493Net Income 2021: -$464,9962021Revenue 2022: $634,726Expenses 2022: $546,407Net Income 2022: $88,3192022Revenue 2023: $1,175,000Expenses 2023: $170,485Net Income 2023: $1,004,5152023Revenue 2024: $292,592Expenses 2024: $135,311Net Income 2024: $157,2812024

Highlighted filing

2019

Revenue$678,001
Expenses$675,227
Net Income$2,774
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 26, 2020
Return Version
2019v5.0
Gross Receipts
$678,001
Mission and Program Overview

Mission

The foundation's purpose is to provide scholarships to high school students for college, as well as other financial support to lemars community school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$249,709$257,260▲ $7,551
Investments in Publicly Traded Securities$25,444$29,603▲ $4,159
Cash and Non-Interest-Bearing Accounts$24,774$29,338▲ $4,564
Investments Other Securities$9,376$9,804▲ $428
Total Assets$309,303$326,005▲ $16,702
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$246,771$260,953▲ $14,182
Net Assets With Donor Restrictions$62,532$65,052▲ $2,520
Total Net Assets Fund Balance$309,303$326,005▲ $16,702
Total Liabilities and Net Assets / Fund Balance$309,303$326,005▲ $16,702
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kent PaulingPresident
Allie FrekingDirector
Carolyn VanceDirector
Debra AhlersDirector
Dennis BixenmanDirector
Don LakeDirector
Dr Greg JenearyDirector
Dr Tom BjorgeDirector
Eddie WebbDirector
Glendon PetersonDirector
Kay MichaelsonDirector
Kelsey LangelDirector
Larry PetersenDirector
Patrick MurphyDirector
Scott KommesDirector
Steve CollinsDirector
Steve WickDirector
Terri MartinDirector
Todd LancasterDirector
Steve WebnerSecretary
Denise AnthonyTreasurer
Joe SitzmannVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$665,084
Program Service Revenue
$0
Investment Income
$6,539
Other Revenue
$6,378
All Other Contributions
$665,084
Change in Net Assets
$2,774
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$667,515
Other Expenses$7,712
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$603,515--$603,515
Grants to Domestic Individuals$64,000--$64,000
Other Expenses$970--$970
Total Functional Expenses$675,227$0$0$675,227
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Le Mars Community School DistrictLe Mars, IAGovStadium Renovation$603,515
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$5,950
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

The board is provided a copy of the return and is reviewed before it is filed with the irs.

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

New form is signed by board members for each fiscal year.

Form 990, Page 6, Part VI, Line 19

Le mars community school district foundation makes all of their governing documents, policies, financial statements and form 990 tax return available at any time to the public at the district office.

Filing and Contact Details

Filer

Filer Name
Le Mars Community School District
EIN
42-1386147
Phone
7125464155
Address
921 3RD AVE SW, LE MARS, IA 51031

Signing Officer

Name
Kent Pauling
Title
President
Phone
7125464155
Signed
2020-05-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kent Pauling
Formed
1992
Legal Domicile
Ia
Voting Board Members
22
Independent Board Members
22
Employees
0

Preparer

Firm
Williams & Company Pc
Address
21 1ST AVENUE NW, LE MARS, IA 51031
Preparer
Graham a Forbes CPA
Phone
7125467801
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17VICE PRESIDE
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IRS990/MissionDesc0THE FOUNDATION'S PURPOSE IS TO PROVIDE SCHOLARSHIPS TO HIGH SCHOOL STUDENTS FOR COLLEGE, AS WELL AS OTHER FINANCIAL SUPPORT TO LEMARS COMMUNITY SCHOOL.
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IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0309303
IRS990/NetAssetsOrFundBalancesEOYAmt0326005
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0849
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0849
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt05950
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt05950
IRS990/NetUnrlzdGainsLossesInvstAmt013928
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0246771
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0260953
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0EMPLOYEE RECOGNITION
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2ADMINISTRATION FEE
IRS990/OtherExpensesGrp/Desc3TEACHER OF THE YEAR
IRS990/OtherExpensesGrp/ProgramServicesAmt04351
IRS990/OtherExpensesGrp/ProgramServicesAmt11377
IRS990/OtherExpensesGrp/ProgramServicesAmt21014
IRS990/OtherExpensesGrp/ProgramServicesAmt3970
IRS990/OtherExpensesGrp/TotalAmt04351
IRS990/OtherExpensesGrp/TotalAmt11377
IRS990/OtherExpensesGrp/TotalAmt21014
IRS990/OtherExpensesGrp/TotalAmt3970
IRS990/OtherRevenueMiscGrp/BusinessCd0611600
IRS990/OtherRevenueMiscGrp/Desc0INCREASE IN CASH VALUE OF LIF
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0428
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0428
IRS990/OtherRevenueTotalAmt0428
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0KENT PAULING
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0187869
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0187951
IRS990/PYInvestmentIncomeAmt03863
IRS990/PYOtherExpensesAmt07551
IRS990/PYOtherRevenueAmt07526
IRS990/PYRevenuesLessExpensesAmt03756
IRS990/PYTotalExpensesAmt0195502
IRS990/PYTotalRevenueAmt0199258
IRS990/ReconcilationRevenueExpnssAmt02774
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0249709
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0257260
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0FUNDRAISING INCOME 20,390
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0665084
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0187869
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt051825
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt056778
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0112405
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01073961
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt05690
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt03863
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt06757
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01903
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01890
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt020103
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0746
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt05950
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt06030
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt05170
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt04580
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt04610
IRS990ScheduleA/OtherIncome170Grp/TotalAmt026340
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.53260
IRS990ScheduleA/PublicSupportPY170Pct00.61390
IRS990ScheduleA/PublicSupportTotal170Amt0596685
IRS990ScheduleA/SubstantialContributorsTotAmt0477276
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0665084
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0187869
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt051825
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt056778
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0112405
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01073961
IRS990ScheduleA/TotalSupportAmt01120404
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
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt064000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIP
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0121
IRS990ScheduleI/RecipientTable/CashGrantAmt0603515
IRS990ScheduleI/RecipientTable/IRCSectionDesc0GOV
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0STADIUM RENOVATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0LE MARS COMMUNITY SCHOOL DISTRICT
IRS990ScheduleI/RecipientTable/RecipientEIN0426037691
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0940 LINCOLN ST SW
IRS990ScheduleI/RecipientTable/USAddress/CityNm0LE MARS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd051031
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0LE MARS COMMUNITY SCHOOL DISTRICT FOUNDATION PROPERLY MONITORS THE USE OF GRANTS TO ORGANIZATIONS AND INDIVIDUALS BY KEEPING ALL DOCUMENTS AT THE DISTRICT OFFICE AND ADDRESSING THE BOARD AT EACH BOARD MEETING.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD IS PROVIDED A COPY OF THE RETURN AND IS REVIEWED BEFORE IT IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NEW FORM IS SIGNED BY BOARD MEMBERS FOR EACH FISCAL YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2LE MARS COMMUNITY SCHOOL DISTRICT FOUNDATION MAKES ALL OF THEIR GOVERNING DOCUMENTS, POLICIES, FINANCIAL STATEMENTS AND FORM 990 TAX RETURN AVAILABLE AT ANY TIME TO THE PUBLIC AT THE DISTRICT OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 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/TotalAssetsBOYAmt0309303
IRS990/TotalAssetsEOYAmt0326005
IRS990/TotalAssetsGrp/BOYAmt0309303

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.09$0.00$2.09$0.29$0.14$0.16
2023Summary only. Only limited summary data is available for this year.$1.93$0.00$1.93$1.18$0.17$1.00
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.92$0.00$0.92$0.63$0.55$0.09
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.84$0.00$0.84$0.58$1.04$0.46
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.29$0.00$1.29$1.44$0.48$0.96
2019Detailed filing. Detailed filing data is available for this year.$0.33$0.00$0.33$0.68$0.68$0.00
2018Summary only. Only limited summary data is available for this year.$0.31$0.00$0.20$0.20$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.31$0.31$0.06$0.06$0.00
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.30$0.30$0.06$0.07$0.01
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.30$0.30$0.13$0.08$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.25$0.25$0.09$0.11$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.26$0.26$0.07$0.06$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.25$0.25$0.10$0.06$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.21$0.21$0.07$0.06$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$0.20$0.09$0.06$0.03