Civic Intelligence

Bancroft Community Foundation Inc.

990 • Fiscal year 2017 • EIN 42-1468316

Jul 01, 2016 to Jun 30, 2017 • Filed on May 15, 2018

Organization ProfileN/A
111 North Dodge StreetAlgona, IA 50511

(515) 295-3565

Siviq Scores

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

Liabilities / Assets

57th percentile

0.14x

Higher debt load relative to assets than 57% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

88th percentile

1.37x

Higher debt load relative to revenue than 88% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

93rd percentile

56%

Higher net margin than 93% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

82nd percentile

22%

Faster asset growth than 82% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

5th percentile

-43%

Faster revenue growth than 5% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$2,096,498

Up $379,822 (+22%) from 2016

Net Assets

Up

$1,793,948

Up $97,272 (+5.7%) from 2016

Liabilities

Up

$302,550

Up $282,550 (+1413%) from 2016

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin93rd percentile

Revenue

Down

$221,515

Down $168,981 (-43%) from 2016

Expenses

Down

$97,781

Down $75,110 (-43%) from 2016

Net Income

Down

$123,734

Down $93,871 (-43%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth82nd percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,430,393Liabilities 2011: $132,706Net Assets 2011: $1,297,6872011Assets 2012: $1,437,144Liabilities 2012: $101,147Net Assets 2012: $1,335,9972012Assets 2013: $1,429,766Liabilities 2013: $67,555Net Assets 2013: $1,362,2112013Assets 2014: $1,429,031Liabilities 2014: $31,713Net Assets 2014: $1,397,3182014Assets 2015: $1,368,106Liabilities 2015: $101Net Assets 2015: $1,368,0052015Assets 2016: $1,716,676Liabilities 2016: $20,000Net Assets 2016: $1,696,6762016Assets 2017: $2,096,498Liabilities 2017: $302,550Net Assets 2017: $1,793,9482017Assets 2018: $1,885,974Liabilities 2018: $365,300Net Assets 2018: $1,520,6742018Assets 2019: $2,053,057Liabilities 2019: $324,235Net Assets 2019: $1,728,8222019Assets 2020: $2,157,590Liabilities 2020: $300,464Net Assets 2020: $1,857,1262020Assets 2021: $2,125,875Liabilities 2021: $243,405Net Assets 2021: $1,882,4702021Assets 2022: $3,292,627Liabilities 2022: $212,300Net Assets 2022: $3,080,3272022Assets 2023: $3,377,500Liabilities 2023: $180,000Net Assets 2023: $3,197,5002023Assets 2024: $3,466,841Liabilities 2024: $160,000Net Assets 2024: $3,306,8412024Assets 2025: $3,696,591Liabilities 2025: $138,974Net Assets 2025: $3,557,6172025

Highlighted filing

2017

Assets$2,096,498
Liabilities$302,550
Net Assets$1,793,948
Open 2017 Filing

Operations Trend

Revenue Growth5th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $96,531Expenses 2011: $68,170Net Income 2011: $28,3612011Revenue 2012: $69,300Expenses 2012: $30,990Net Income 2012: $38,3102012Revenue 2013: $46,799Expenses 2013: $20,585Net Income 2013: $26,2142013Revenue 2014: $56,136Expenses 2014: $21,029Net Income 2014: $35,1072014Revenue 2015: $119,774Expenses 2015: $51,979Net Income 2015: $67,7952015Revenue 2016: $390,496Expenses 2016: $172,891Net Income 2016: $217,6052016Revenue 2017: $221,515Expenses 2017: $97,781Net Income 2017: $123,7342017Revenue 2018: $180,660Expenses 2018: $103,686Net Income 2018: $76,9742018Revenue 2019: $134,819Expenses 2019: $135,862Net Income 2019: -$1,0432019Revenue 2020: $197,475Expenses 2020: $69,171Net Income 2020: $128,3042020Revenue 2021: $66,763Expenses 2021: $43,673Net Income 2021: $23,0902021Revenue 2022: $1,279,969Expenses 2022: $86,111Net Income 2022: $1,193,8582022Revenue 2023: $152,486Expenses 2023: $35,313Net Income 2023: $117,1732023Revenue 2024: $210,218Expenses 2024: $100,877Net Income 2024: $109,3412024Revenue 2025: $282,460Expenses 2025: $31,684Net Income 2025: $250,7762025

Highlighted filing

2017

Revenue$221,515
Expenses$97,781
Net Income$123,734
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 15, 2018
Return Version
2016v3.0
Gross Receipts
$291,167
Mission and Program Overview

Mission

The foundation was created to raise funds and distribute grants for civic betterment projects in the city of bancroft, iowa, which could not otherwise be funded by tax dollars due to budget constraints.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,345,204$1,669,017▲ $323,813
Cap Stk Tr Prin Current Funds$1,064,974$1,038,512▼ $26,462
Rtn Earn Endowment Incm Other Fnds$631,702$755,436▲ $123,734
Cash and Non-Interest-Bearing Accounts$351,472$407,481▲ $56,009
Other Notes and Loans Receivable, Net$20,000$20,000→ $0
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,716,676$2,096,498▲ $379,822
Other Assets Total-$0-
Liabilities
Other Liabilities$20,000$300,000▲ $280,000
Grants Payable-$2,550-
Total Liabilities$20,000$302,550▲ $282,550
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,696,676$1,793,948▲ $97,272
Total Liabilities and Net Assets / Fund Balance$1,716,676$2,096,498▲ $379,822

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$897,893$344,056$1,241,949
Leasehold Improvements$717,731$17,788$735,519
Land$50,000-$50,000
Equipment$3,393$566$3,959
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
A Richard DeiteringPresident
Ellengray G KennedyVice President
Teresa R KennedyDirector
Philip J JarenSecretary
Darlene D JansenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$179,295
Program Service Revenue
$34,315
Investment Income
$33,314
Other Revenue
$-25,409
All Other Contributions
$159,796
Change in Net Assets
$123,734
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$94,031
Total Fundraising Expense$33,337
Grants and Similar Amounts Paid$3,750
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other--$28,254$28,254
Interest-$4,862-$4,862
Other Expenses-$4,898$3,750$3,750
Grants to Domestic Individuals$3,750--$3,750
All Other Expenses-$2,859$699$3,558
Fees for Services Legal-$891-$891
Advertising--$634$634
Royalties-$320-$320
Total Functional Expenses$3,750$60,694$33,337$97,781
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Long Term Liability$300,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
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

“Copy reviewed by board before filing”

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

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Bancroft Community Foundation Inc
EIN
42-1468316
Phone
5152953565
Address
111 NORTH DODGE STREET, ALGONA, IA 50511

Signing Officer

Name
Darlene D Jansen
Title
Treasurer
Signed
2018-05-15
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
5
Independent Board Members
0
Employees
0

Preparer

Firm
Buchanan Law Offices
Address
111 North Dodge St, Algona, IA 50511
Preparer
Gregg A Buchanan
Phone
5152953565
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Acct adj/basis adj = -$26462”

Raw XML Appendix394 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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IRS990/PYOtherRevenueAmt0-30239
IRS990/PYProgramServiceRevenueAmt039180
IRS990/PYRevenuesLessExpensesAmt0217605
IRS990/PYTotalExpensesAmt0172891
IRS990/PYTotalRevenueAmt0390496
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0123734
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0-25409
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt0320
IRS990/RoyaltiesGrp/TotalAmt0320
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0631702
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0755436
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0169591
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0367578
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt027273
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt017964
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0582406
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03651
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt05377
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt04727
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt04969
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt018724
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt0582406
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0169591
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0367578
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt027273
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt017964
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0582406
IRS990ScheduleA/TotalSupportAmt0601130
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0897893
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0344056
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01241949
IRS990ScheduleD/EquipmentGrp/BookValueAmt03393
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0566
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03959
IRS990ScheduleD/LandGrp/BookValueAmt050000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt050000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0717731
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt017788
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0735519
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0300000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LONG TERM LIABILITY
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01669017
IRS990ScheduleD/TotalLiabilityAmt0300000
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COPY REVIEWED BY BOARD BEFORE FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCT ADJ/BASIS ADJ = -$26462
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 Decreases
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01716676
IRS990/TotalAssetsEOYAmt02096498
IRS990/TotalAssetsGrp/BOYAmt01716676
IRS990/TotalAssetsGrp/EOYAmt02096498
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0179295
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt033337
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt060694
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03750
IRS990/TotalFunctionalExpensesGrp/TotalAmt097781
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt020000
IRS990/TotalLiabilitiesEOYAmt0302550
IRS990/TotalLiabilitiesGrp/BOYAmt020000
IRS990/TotalLiabilitiesGrp/EOYAmt0302550
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01696676
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01793948
IRS990/TotalProgramServiceExpensesAmt03750
IRS990/TotalProgramServiceRevenueAmt034315
IRS990/TotalRevenueGrp/ExclusionAmt07905
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt034315
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0221515
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01716676
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02096498
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DARLENE D JANSEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BANCROFT COMMUNITY FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0BANC
ReturnHeader/Filer/EIN0421468316
ReturnHeader/Filer/PhoneNum05152953565
ReturnHeader/Filer/USAddress/AddressLine1Txt0111 NORTH DODGE STREET
ReturnHeader/Filer/USAddress/CityNm0ALGONA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050511
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Buchanan Law Offices
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0111 North Dodge St
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Algona
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd050511
ReturnHeader/PreparerPersonGrp/PhoneNum05152953565
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Gregg A Buchanan
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-05-15T06:43:14-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,096,498
Liabilities
$302,550
Net assets
$1,793,948
Revenue
$221,515
Expenses
$97,781
Net income
$123,734
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.70$0.14$3.56$0.28$0.03$0.25
2024Detailed filing. Detailed filing data is available for this year.$3.47$0.16$3.31$0.21$0.10$0.11
2023Detailed filing. Detailed filing data is available for this year.$3.38$0.18$3.20$0.15$0.04$0.12
2022Detailed filing. Detailed filing data is available for this year.$3.29$0.21$3.08$1.28$0.09$1.19
2021Detailed filing. Detailed filing data is available for this year.$2.13$0.24$1.88$0.07$0.04$0.02
2020Detailed filing. Detailed filing data is available for this year.$2.16$0.30$1.86$0.20$0.07$0.13
2019Detailed filing. Detailed filing data is available for this year.$2.05$0.32$1.73$0.13$0.14$0.00
2018Summary only. Only limited summary data is available for this year.$1.89$0.37$1.52$0.18$0.10$0.08
2017Detailed filing. Detailed filing data is available for this year.$2.10$0.30$1.79$0.22$0.10$0.12
2016Summary only. Only limited summary data is available for this year.$1.72$0.02$1.70$0.39$0.17$0.22
2015Summary only. Only limited summary data is available for this year.$1.37$0.00$1.37$0.12$0.05$0.07
2014Detailed filing. Detailed filing data is available for this year.$1.43$0.03$1.40$0.06$0.02$0.04
2013Summary only. Only limited summary data is available for this year.$1.43$0.07$1.36$0.05$0.02$0.03
2012Summary only. Only limited summary data is available for this year.$1.44$0.10$1.34$0.07$0.03$0.04
2011Summary only. Only limited summary data is available for this year.$1.43$0.13$1.30$0.10$0.07$0.03