Civic Intelligence

Lemars Community School District Foundation

990 • Fiscal year 2021 • EIN 42-1386147

Jan 01, 2021 to Dec 31, 2021 • Filed on Apr 29, 2022

Organization ProfileN/A

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

29th percentile

0.00x

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

29th percentile

0.00x

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

4th percentile

-81%

Higher net margin than 4% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

4th percentile

-35%

Faster asset growth than 4% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

4th percentile

-60%

Faster revenue growth than 4% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets29th percentile

Assets

Down

$839,275

Down $450,734 (-35%) from 2020

Net Assets

Down

$839,275

Down $450,734 (-35%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue29th percentileNet Margin4th percentile

Revenue

Down

$576,497

Down $862,428 (-60%) from 2020

Expenses

Up

$1,041,493

Up $561,959 (+117%) from 2020

Net Income

Down

-$464,996

Down $1,424,387 (-148%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

2021

Assets$839,275
Liabilities$0
Net Assets$839,275
Open 2021 Filing

Operations Trend

Revenue Growth4th percentile

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

2021

Revenue$576,497
Expenses$1,041,493
Net Income-$464,996
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 29, 2022
Return Version
2021v4.0
Gross Receipts
$577,086
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$725,323$758,708▲ $33,385
Investments in Publicly Traded Securities$29,738$42,893▲ $13,155
Cash and Non-Interest-Bearing Accounts$524,698$27,424▼ $497,274
Investments Other Securities$10,250$10,250→ $0
Total Assets$1,290,009$839,275▼ $450,734
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,137,350$683,729▼ $453,621
Net Assets With Donor Restrictions$152,659$155,546▲ $2,887
Total Net Assets Fund Balance$1,290,009$839,275▼ $450,734
Total Liabilities and Net Assets / Fund Balance$1,290,009$839,275▼ $450,734
Compensation and Service Providers
Top Officer Pay52nd percentile

Board Members and Trustees

NameTitle
Kent PaulingPresident
Scott KommesBoard Presid
Allie FrekingDirector
Carolyn VanceDirector
Dr Greg JenearyDirector
Eddie WebbDirector
Joe SitzmannDirector
Josh KovarnaDirector
Julie HurtDirector
Kay MichaelsonDirector
Kristin KoerselmanDirector
Michelle ConnorDirector
Rosalie EllefsonDirector
Steve AlbertDirector
Steve WickDirector
Terri MartinDirector
Steve WebnerSecretary
Janelle BixenmanTreasurer
Debra AhlersVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$564,319
Program Service Revenue
$0
Investment Income
$12,178
Other Revenue
$0
All Other Contributions
$564,319
Change in Net Assets
$-464,996
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,037,645
Other Expenses$3,848
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$955,520--$955,520
Grants to Domestic Individuals$82,125--$82,125
Other Expenses$120--$120
Total Functional Expenses$1,041,493$0$0$1,041,493
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Le Mars Community School DistrictLe Mars, IAGovStadium Renovation$955,520
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

“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
2022-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kent Pauling
Formed
1992
Legal Domicile
Ia
Voting Board Members
19
Independent Board Members
19
Employees
0

Preparer

Firm
Williams & Company CPA Pc
Address
21 1ST AVENUE NW, LE MARS, IA 51031
Preparer
Graham a Forbes CPA
Phone
7125467801
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IRS990/OtherExpensesGrp/ProgramServicesAmt11592
IRS990/OtherExpensesGrp/ProgramServicesAmt2120
IRS990/OtherExpensesGrp/TotalAmt02136
IRS990/OtherExpensesGrp/TotalAmt11592
IRS990/OtherExpensesGrp/TotalAmt2120
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0KENT PAULING
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01429352
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0477250
IRS990/PYInvestmentIncomeAmt07023
IRS990/PYOtherExpensesAmt02284
IRS990/PYOtherRevenueAmt02550
IRS990/PYRevenuesLessExpensesAmt0959391
IRS990/PYTotalExpensesAmt0479534
IRS990/PYTotalRevenueAmt01438925
IRS990/ReconcilationRevenueExpnssAmt0-464996
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0725323
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0758708
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0FUNDRAISING INCOME 19,700
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0564319
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01429352
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0665084
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0187869
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt051825
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02898449
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt08500
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt06963
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt05690
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt03863
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt06757
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt031773
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0746
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt02550
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt05950
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt06030
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt05170
IRS990ScheduleA/OtherIncome170Grp/TotalAmt019700
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.44650
IRS990ScheduleA/PublicSupportPY170Pct00.30900
IRS990ScheduleA/PublicSupportTotal170Amt01317267
IRS990ScheduleA/SubstantialContributorsTotAmt01581182
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0564319
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01429352
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0665084
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0187869
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt051825
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02898449
IRS990ScheduleA/TotalSupportAmt02949922
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/CashGrantAmt081125
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt11000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIP
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1TEACHER OF THE YEAR
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt094
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt11
IRS990ScheduleI/RecipientTable/CashGrantAmt0955520
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/TotalAssetsBOYAmt01290009
IRS990/TotalAssetsEOYAmt0839275
IRS990/TotalAssetsGrp/BOYAmt01290009
IRS990/TotalAssetsGrp/EOYAmt0839275
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0564319
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01041493
IRS990/TotalFunctionalExpensesGrp/TotalAmt01041493
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01290009
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0839275
IRS990/TotalProgramServiceExpensesAmt01041493
IRS990/TotalRevenueGrp/ExclusionAmt012178
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0576497
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01290009
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0839275
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0121 17TH ST SE
IRS990/USAddress/CityNm0LE MARS
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd051031
IRS990/VotingMembersGoverningBodyCnt019

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$839,275
Liabilities
$0
Net assets
$839,275
Revenue
$576,497
Expenses
$1,041,493
Net income
-$464,996
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
2021Detailed filing. Detailed filing data is available for this year.$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
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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