Civic Intelligence

Colfax-Mingo Educational Foundation Inc.

990 • Fiscal year 2021 • EIN 42-1421657

Jun 01, 2020 to May 31, 2021 • Filed on Apr 15, 2022

Organization ProfileN/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.

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

89th percentile

57%

Higher net margin than 89% 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

88th percentile

74%

Faster asset growth than 88% of similar nonprofits.

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

Revenue Growth

75th percentile

52%

Faster revenue growth than 75% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets29th percentile

Assets

Up

$724,769

Up $308,820 (+74%) from 2020

Net Assets

Up

$724,769

Up $308,820 (+74%) from 2020

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue29th percentileNet Margin89th percentile

Revenue

Up

$70,603

Up $24,255 (+52%) from 2020

Expenses

Up

$30,551

Up $14,821 (+94%) from 2020

Net Income

Up

$40,052

Up $9,434 (+31%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

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

2021

Assets$724,769
Liabilities$0
Net Assets$724,769
Open 2021 Filing

Operations Trend

Revenue Growth75th percentile

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

2021

Revenue$70,603
Expenses$30,551
Net Income$40,052
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2020 to May 31, 2021
Signed
Apr 15, 2022
Return Version
2020v4.0
Gross Receipts
$81,869
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$268,109$466,827▲ $198,718
Investments in Publicly Traded Securities$109,617$229,260▲ $119,643
Savings and Temporary Cash Investments$38,223$28,682▼ $9,541
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 Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$415,949$724,769▲ $308,820
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$415,949$724,769▲ $308,820
Total Net Assets Fund Balance$415,949$724,769▲ $308,820
Total Liabilities and Net Assets / Fund Balance$415,949$724,769▲ $308,820
Compensation and Service Providers
Top Officer Pay52nd percentile

Board Members and Trustees

NameTitle
Alyssa LewisPresident
Judy SullivanVice President
Bob FippingerDirector
Denise BracewellDirector
Jena BerkeyDirector
Rachel TomasDirector
Teresa FaidleyDirector
Jennifer SnyderSecretary
Kent FestvogTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$30,419
Program Service Revenue
$0
Investment Income
$8,071
Other Revenue
$32,113
All Other Contributions
$30,419
Change in Net Assets
$40,052
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$30,330
Other Expenses$221
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$30,330--$30,330
Other Expenses-$64-$64
Total Functional Expenses$30,330$221$0$30,551
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Colfax Mingo SchoolsColfax, IA-Donation for Scholarship$30,330
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$22,085
Fundraising Direct Expenses$1,972
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Phone-athon$13,550$13,550-$13,550
Golf Tournament$6,435$6,435$1,972$4,463
Total Events$19,985$19,985$1,972$18,013
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
No
Backup withholding compliance
No
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
No
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

“No review was or will be conducted.”

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

“No documents available to the public.”

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
2022-04-15
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
Ia
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

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

Other Changes In Net Assets Or Fund Balances - Other Increases

“CASHED CD = $179972”

Other Changes In Net Assets Or Fund Balances - Other Decreases

“FOREIGN TAX PAID = -$38”

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IRS990/ReconcilationRevenueExpnssAmt040052
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt012000
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt038223
IRS990/SavingsAndTempCashInvstGrp/EOYAmt028682
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt015906
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt07142
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt043761
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt040175
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt045557
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0152541
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0152541
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt015906
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt07142
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt043761
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt040175
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt045557
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0152541
IRS990ScheduleA/TotalSupportAmt0152541
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleG/AgrmtProfFundraisingActyInd0true
IRS990ScheduleG/EmailSolicitationsInd0X
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt01972
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0PHONE-ATHON
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt013550
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt06435
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt019985
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt013550
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt06435
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt019985
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt018013
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt01972
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt01972
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/MailSolicitationsInd0X
IRS990ScheduleG/PhoneSolicitationsInd0X
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt030330
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0DONATION FOR SCHOLARSHIP
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0COLFAX MINGO SCHOOLS
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0204 N LEAGUE RD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0COLFAX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd050054
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CASHED CD = $179972
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FOREIGN TAX PAID = -$38
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Changes In Net Assets Or Fund Balances - Other Decreases
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0415949
IRS990/TotalAssetsEOYAmt0724769
IRS990/TotalAssetsGrp/BOYAmt0415949
IRS990/TotalAssetsGrp/EOYAmt0724769
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt030419
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0221
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt030330
IRS990/TotalFunctionalExpensesGrp/TotalAmt030551
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0415949
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0724769
IRS990/TotalProgramServiceExpensesAmt030330
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt020071
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt070603
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0415949
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0724769
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0PO BOX 52
IRS990/USAddress/CityNm0COLFAX
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd050054
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KENT FESTVOG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-04-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COLFAX MINGO EDUCATIONAL FDN
ReturnHeader/Filer/BusinessNameControlTxt0COLF
ReturnHeader/Filer/EIN0421421657
ReturnHeader/Filer/PhoneNum05156743508
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 52

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$724,769
Liabilities
$0
Net assets
$724,769
Revenue
$70,603
Expenses
$30,551
Net income
$40,052
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet 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
2021Detailed filing. Detailed filing data is available for this year.$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