Colfax-Mingo Educational Foundation Inc.

990EZ • Fiscal year 2020 • EIN 42-1421657

Jun 01, 2019 to May 31, 2020 • Filed on Mar 08, 2021

Organization Profile N/A

PO Box 52Colfax, IA 50054

(515) 674-3508

Siviq Scores

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

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2020

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2020

66%

Higher net margin than 93% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

7.9%

Faster asset growth than 56% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

-39%

Faster revenue growth than 29% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet

Liabilities / AssetsScore unavailable

Assets

$415,949

Up $30,618 (+7.9%) from 2019

Net Assets

$415,949

Up $30,618 (+7.9%) from 2019

Liabilities

No earlier filing loaded for comparison.

Revenue And Expenses

Liabilities / RevenueScore unavailable Net Margin93rd percentile

Revenue

Down

$46,348

Down $29,918 (-39%) from 2019

Expenses

Down

$15,730

Down $19,545 (-55%) from 2019

Net Income

Down

$30,618

Down $10,373 (-25%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth56th percentile

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

Highlighted filing

2020

Assets$415,949

Liabilities-

Net Assets$415,949

Open 2020 Filing

Operations Trend

Revenue Growth29th percentile

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

Highlighted filing

2020

Revenue$46,348

Expenses$15,730

Net Income$30,618

Open 2020 Filing

Jump To

Filing Snapshot

Filing Period: Jun 1, 2019 to May 31, 2020
Signed: Mar 8, 2021
Return Version: 2019v5.0
Gross Receipts: $51,728

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

Description	Grants	Expenses
GRANTS AND SCHOLARSHIPS TO THE COLFAX MINGO SCHOOLS AND STUDENTS FOR EDUCATIONAL MATERIAL AND BUILDING IMPROVEMENTS	$17,514	-

Compensation and Service Providers

Top Officer Pay76th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
KENT FESTVOG	Treasurer	-	$0	-	-
SHANNON MAHER	President	-	$0	-	-
JUDY SULLIVAN	Vice President	-	$0	-	-
JENNIFER SNYDER	Secretary	-	$0	-	-

Fundraising, Events, and Gaming

Fundraising Events

Event	Gross Receipts	Gross Revenue	Direct Expenses	Net Income
Golf Tournament	$7,841	$7,841	$5,380	$2,461
Phone-athon	$5,710	$5,710	-	$5,710
Total Events	$13,551	$13,551	$5,380	$8,171

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
Signed: 2021-03-08
Discuss with paid preparer: Yes

Preparer

Firm: Tarbell & Co Plc
Address: 1466 28TH STREET SUITE 100, WEST DES MOINES, IA 50266
Preparer: Tim Tarbell CPA
Phone: 5152820200

Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.1

“Class of Activity: DONATION FOR SCHOLARSHIP | Donee's Name: COLFAX MINGO SCHOOLS | Donee's Address: 204 N LEAGUE RD COLFAX IA 50054 | Relationship of Donee: NONE | Cash Amount Given: $15666”

Other Expenses.1

“PO BOX RENTAL $64”

Other Assets.1

“- Beginning $153412 - Ending $147840”

Raw XML Appendix151 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/BooksInCareOfDetail/USAddress/CityNm	0	COLFAX
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd	0	IA
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IRS990EZ/ExcessOrDeficitForYearAmt	0	30618
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IRS990EZ/GrantsAndSimilarAmountsPaidAmt	0	15666
IRS990EZ/GrossReceiptsAmt	0	51728
IRS990EZ/InfoInScheduleOPartIIInd	0	X
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/InvestmentIncomeAmt	0	14508
IRS990EZ/LobbyingActivitiesInd	0	false
IRS990EZ/MadeLoansToFromOfficersInd	0	false
IRS990EZ/MethodOfAccountingCashInd	0	X
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	3	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	0	KENT FESTVOG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	1	SHANNON MAHER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	2	JUDY SULLIVAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	3	JENNIFER SNYDER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	1	President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	2	Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	3	Secretary
IRS990EZ/OperateHospitalInd	0	false
IRS990EZ/Organization501c3Ind	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	false
IRS990EZ/OrganizationHadUBIInd	0	false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt	0	153412
IRS990EZ/OtherAssetsTotalDetail/EOYAmt	0	147840
IRS990EZ/OtherExpensesTotalAmt	0	64
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt	0	NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt	0	NONE
IRS990EZ/PoliticalCampaignActyInd	0	false
IRS990EZ/PrimaryExemptPurposeTxt	0	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.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	GRANTS AND SCHOLARSHIPS TO THE COLFAX MINGO SCHOOLS AND STUDENTS FOR EDUCATIONAL MATERIAL AND BUILDING IMPROVEMENTS
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt	0	17514
IRS990EZ/ProhibitedTaxShelterTransInd	0	false
IRS990EZ/RelatedOrganizationCtrlEntInd	0	false
IRS990EZ/SaleOfAssetsGrossAmt	0	3668
IRS990EZ/ScheduleBNotRequiredInd	0	X
IRS990EZ/SchoolOperatingInd	0	false
IRS990EZ/SpecialEventsDirectExpensesAmt	0	5380
IRS990EZ/SpecialEventsNetIncomeLossAmt	0	12266
IRS990EZ/SubjectToProxyTaxInd	0	false
IRS990EZ/TanningServicesProvidedInd	0	false
IRS990EZ/TaxImposedOnOrganizationMgrAmt	0	0
IRS990EZ/TaxImposedUnderIRC4911Amt	0	0
IRS990EZ/TaxImposedUnderIRC4912Amt	0	0
IRS990EZ/TaxImposedUnderIRC4955Amt	0	0
IRS990EZ/TaxReimbursedByOrganizationAmt	0	0
IRS990EZ/TotalExpensesAmt	0	15730
IRS990EZ/TotalProgramServiceExpensesAmt	0	17514
IRS990EZ/TotalRevenueAmt	0	46348
IRS990EZ/TransactionWithControlEntInd	0	false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	false
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990EZ/WebsiteAddressTxt	0	N/A
IRS990ScheduleA/First5Years170Ind	0	X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt	0	7142
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt	0	43761
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt	0	40175
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt	0	45557
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt	0	136635
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt	0	0
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt	0	0
IRS990ScheduleA/OtherIncome170Grp/TotalAmt	0	0
IRS990ScheduleA/PublicOrganization170Ind	0	X
IRS990ScheduleA/PublicSupportCY170Pct	0	0.00000
IRS990ScheduleA/PublicSupportTotal170Amt	0	136635
IRS990ScheduleA/SubstantialContributorsTotAmt	0	0
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt	0	0
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt	0	7142
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt	0	43761
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt	0	40175
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt	0	45557
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt	0	136635
IRS990ScheduleA/TotalSupportAmt	0	136635
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt	0	0
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt	0	5380
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm	0	GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm	0	PHONE-ATHON
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt	0	7841
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt	0	5710
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt	0	13551
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt	0	7841
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt	0	5710
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt	0	13551
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt	0	8171
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt	0	5380
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt	0	5380
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	Class of Activity: DONATION FOR SCHOLARSHIP \| Donee's Name: COLFAX MINGO SCHOOLS \| Donee's Address: 204 N LEAGUE RD COLFAX IA 50054 \| Relationship of Donee: NONE \| Cash Amount Given: $15666
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	PO BOX RENTAL $64
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	- Beginning $153412 - Ending $147840
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	Grants and Similar Amounts Paid In Excess of $5,000.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	Other Assets.1
ReturnHeader/BuildTS	0	2022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	true
ReturnHeader/BusinessOfficerGrp/PersonNm	0	KENT FESTVOG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2021-03-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	COLFAX MINGO EDUCATIONAL FDN
ReturnHeader/Filer/BusinessNameControlTxt	0	COLF
ReturnHeader/Filer/EIN	0	421421657
ReturnHeader/Filer/PhoneNum	0	5156743508
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	PO BOX 52
ReturnHeader/Filer/USAddress/CityNm	0	COLFAX
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	IA
ReturnHeader/Filer/USAddress/ZIPCd	0	50054
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	421443361
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	TARBELL & CO PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	1466 28TH STREET SUITE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	WEST DES MOINES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	50266
ReturnHeader/PreparerPersonGrp/PhoneNum	0	5152820200
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	Tim Tarbell CPA
ReturnHeader/ReturnTs	0	2021-03-09T08:06:10-08:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2019-06-01
ReturnHeader/TaxPeriodEndDt	0	2020-05-31
ReturnHeader/TaxYr	0	2019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $415,949
Liabilities: -
Net assets: $415,949
Revenue: $46,348
Expenses: $15,730
Net income: $30,618

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.	$1.21	$0.00	$1.21	$0.47	$0.07	$0.39
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.81	$0.00	$0.81	$0.11	$0.07	$0.04
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.77	$0.00	$0.77	$0.09	$0.08	$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.76	$0.00	$0.76	$0.09	$0.05	$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.72	$0.00	$0.72	$0.07	$0.03	$0.04
2020Detailed filing. Detailed filing data is available for this year.	$0.42		$0.42	$0.05	$0.02	$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.39		$0.39	$0.08	$0.04	$0.04
2018Detailed filing. Detailed filing data is available for this year.	$0.34		$0.34	$0.07	$0.03	$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.30	$0.00	$0.30	$0.08	$0.06	$0.01