Civic Intelligence

Colfax-Mingo Educational Foundation Inc.

990EZ • Fiscal year 2017 • EIN 42-1421657

Jun 01, 2016 to May 31, 2017 • Filed on Oct 12, 2017

PO Box 52Colfax, IA 50054

(515) 674-3508

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

72nd percentile

16%

Higher net margin than 72% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Assets

$297,350

No earlier filing loaded for comparison.

Net Assets

$297,350

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$76,449

No earlier filing loaded for comparison.

Expenses

$63,896

No earlier filing loaded for comparison.

Net Income

$12,553

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2017: $297,350Liabilities 2017: $0Net Assets 2017: $297,3502017Assets 2018: $344,340Net Assets 2018: $344,3402018Assets 2019: $385,331Net Assets 2019: $385,3312019Assets 2020: $415,949Net Assets 2020: $415,9492020Assets 2021: $724,769Liabilities 2021: $0Net Assets 2021: $724,7692021Assets 2022: $763,965Liabilities 2022: $0Net Assets 2022: $763,9652022Assets 2023: $773,322Liabilities 2023: $0Net Assets 2023: $773,3222023Assets 2024: $811,340Liabilities 2024: $0Net Assets 2024: $811,3402024Assets 2025: $1,205,886Liabilities 2025: $0Net Assets 2025: $1,205,8862025

Highlighted filing

2017

Assets$297,350
Liabilities$0
Net Assets$297,350

Operations Trend

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

$600K$400K$200K$0Revenue 2017: $76,449Expenses 2017: $63,896Net Income 2017: $12,5532017Revenue 2018: $73,505Expenses 2018: $26,515Net Income 2018: $46,9902018Revenue 2019: $76,266Expenses 2019: $35,275Net Income 2019: $40,9912019Revenue 2020: $46,348Expenses 2020: $15,730Net Income 2020: $30,6182020Revenue 2021: $70,603Expenses 2021: $30,551Net Income 2021: $40,0522021Revenue 2022: $93,938Expenses 2022: $54,742Net Income 2022: $39,1962022Revenue 2023: $89,566Expenses 2023: $80,209Net Income 2023: $9,3572023Revenue 2024: $109,223Expenses 2024: $71,205Net Income 2024: $38,0182024Revenue 2025: $465,776Expenses 2025: $71,230Net Income 2025: $394,5462025

Highlighted filing

2017

Revenue$76,449
Expenses$63,896
Net Income$12,553
Jump To
Filing Snapshot
Filing Period
Jun 1, 2016 to May 31, 2017
Signed
Oct 12, 2017
Return Version
2016v3.0
Gross Receipts
$86,417
Mission and Program Overview

Mission

The colfax-mingo educational foundation was organized for the purpose of raising money through fund raising and donations that could be uilized within our school system for educational material for the students. The foundation provides educational items not provided by the school district's regular budget. We accept requests from all the teachers as a need arises. All of the students benefit from the colfax-mingo educational foundation. The foundation has also purchased property that is rented to the school district. This is property that houses the central office and bus barn facility.

Program Services

DescriptionGrantsExpenses
GRANTS AND SCHOLARSHIPS TO THE COLFAX MINGO SCHOOLS AND STUDENTS FOR EDUCATIONAL MATERIAL AND BUILDING IMPROVEMENTS$63,666$63,666
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
SHANNON MAHERPresident-$0--
JUDY SULLIVANVice President-$0--
KENT FESTVOGTreasurer-$0--
JENNIFER SNYDERSecretary-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Phone-athon$10,717$10,717-$10,717
Golf Tournament$9,107$9,107$1,729$7,378
Total Events$19,824$19,824$1,729$18,095
Filing and Contact Details

Filer

Filer Name
Colfax Mingo Educational Fdn
EIN
42-1421657
Phone
5156743508
Address
PO BOX 52, COLFAX, IA 50054

Signing Officer

Name
Kent Festvog
Title
Treasurer
Phone
5156743508
Signed
2017-10-12
Discuss with paid preparer
Yes

Preparer

Firm
Konek Pc
Address
404 S COMMERCE DR STE 1, PRAIRIE CITY, IA 50228
Preparer
Kurt J Konek CPA
Phone
5159942822
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Rental Income

Kind and location of property: commerical building, colfax iowa. Amount: 12000.

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: interest and dividneds. Amount: 1716.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: . Grantee name: colfax-mingo schools. Grantee address: 204 n league rd colfax, ia 50054. Grantee relationship: none. Property description: cash. Book value of property: 63666. Date of gift: various. Amount given: 63666.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: po box rent. Amount: 230.

Form 990-ez, Part II, Line 24 - Other Assets

Description: stock. Beg. Of year amount: 17006. End of year amount: 56544.

Raw XML Appendix178 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.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0SHANNON MAHER
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2KENT FESTVOG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3JENNIFER SNYDER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SECRETARY
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
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IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0THE COLFAX-MINGO EDUCATIONAL FOUNDATION WAS ORGANIZED FOR THE PURPOSE OF RAISING MONEY THROUGH FUND RAISING AND DONATIONS THAT COULD BE UILIZED WITHIN OUR SCHOOL SYSTEM FOR EDUCATIONAL MATERIAL FOR THE STUDENTS. THE FOUNDATION PROVIDES EDUCATIONAL ITEMS NOT PROVIDED BY THE SCHOOL DISTRICT'S REGULAR BUDGET. WE ACCEPT REQUESTS FROM ALL THE TEACHERS AS A NEED ARISES. ALL OF THE STUDENTS BENEFIT FROM THE COLFAX-MINGO EDUCATIONAL FOUNDATION. THE FOUNDATION HAS ALSO PURCHASED PROPERTY THAT IS RENTED TO THE SCHOOL DISTRICT. THIS IS PROPERTY THAT HOUSES THE CENTRAL OFFICE AND BUS BARN FACILITY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0GRANTS AND SCHOLARSHIPS TO THE COLFAX MINGO SCHOOLS AND STUDENTS FOR EDUCATIONAL MATERIAL AND BUILDING IMPROVEMENTS
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0KIND AND LOCATION OF PROPERTY: COMMERICAL BUILDING, COLFAX IOWA. AMOUNT: 12000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: INTEREST AND DIVIDNEDS. AMOUNT: 1716.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACTIVITY CLASSIFICATION: . GRANTEE NAME: COLFAX-MINGO SCHOOLS. GRANTEE ADDRESS: 204 N LEAGUE RD COLFAX, IA 50054. GRANTEE RELATIONSHIP: NONE. PROPERTY DESCRIPTION: CASH. BOOK VALUE OF PROPERTY: 63666. DATE OF GIFT: VARIOUS. AMOUNT GIVEN: 63666.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: PO BOX RENT. AMOUNT: 230.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION: STOCK. BEG. OF YEAR AMOUNT: 17006. END OF YEAR AMOUNT: 56544.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - RENTAL INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/BusinessOfficerGrp/PhoneNum05156743508
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-10-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COLFAX MINGO EDUCATIONAL FDN
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ReturnHeader/Filer/EIN0421421657
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ReturnHeader/FilingSecurityInformation/IPTm016:36:23
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0404 S COMMERCE DR STE 1
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PRAIRIE CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd050228
ReturnHeader/PreparerPersonGrp/PhoneNum05159942822
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KURT J KONEK CPA
ReturnHeader/ReturnTs02017-10-13T08:44:57-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-06-01
ReturnHeader/TaxPeriodEndDt02017-05-31
ReturnHeader/TaxYr02016

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Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • <$500k nonprofits