Civic Intelligence

Bancroft Community Foundation Inc.

990 • Fiscal year 2020 • EIN 42-1468316

Jul 01, 2019 to Jun 30, 2020 • Filed on May 10, 2021

Organization ProfileN/A
111 N Dodge StAlgona, IA 50511

(515) 295-3565

Siviq Scores

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

Liabilities / Assets

56th percentile

0.14x

Higher debt load relative to assets than 56% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

89th percentile

1.52x

Higher debt load relative to revenue than 89% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

94th percentile

65%

Higher net margin than 94% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

48th percentile

5.1%

Faster asset growth than 48% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

86th percentile

46%

Faster revenue growth than 86% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$2,157,590

Up $104,533 (+5.1%) from 2019

Net Assets

Up

$1,857,126

Up $128,304 (+7.4%) from 2019

Liabilities

Down

$300,464

Down $23,771 (-7.3%) from 2019

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin94th percentile

Revenue

Up

$197,475

Up $62,656 (+46%) from 2019

Expenses

Down

$69,171

Down $66,691 (-49%) from 2019

Net Income

Up

$128,304

Up $129,347 (+12401%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth48th 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

2020

Assets$2,157,590
Liabilities$300,464
Net Assets$1,857,126
Open 2020 Filing

Operations Trend

Revenue Growth86th 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

2020

Revenue$197,475
Expenses$69,171
Net Income$128,304
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 10, 2021
Return Version
2019v5.0
Gross Receipts
$268,906
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$1,630,448$1,658,356▲ $27,908
Rtn Earn Endowment Incm Other Fnds$817,244$945,548▲ $128,304
Cap Stk Tr Prin Current Funds$911,578$911,578→ $0
Cash and Non-Interest-Bearing Accounts$402,609$479,234▲ $76,625
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$2,053,057$2,157,590▲ $104,533
Other Assets Total-$0-
Liabilities
Other Liabilities$324,000$296,464▼ $27,536
Grants Payable-$4,000-
Accounts Payable and Accrued Expenses$235--
Total Liabilities$324,235$300,464▼ $23,771
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,728,822$1,857,126▲ $128,304
Total Liabilities and Net Assets / Fund Balance$2,053,057$2,157,590▲ $104,533

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$672,725$374,929$1,047,654
Leasehold Improvements$934,394$90,055$1,024,449
Land$50,000-$50,000
Equipment$1,237$2,722$3,959
Compensation and Service Providers
Top Officer Pay37th 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
$204,549
Program Service Revenue
$317
Investment Income
$8,212
Other Revenue
$-15,603
All Other Contributions
$142,829
Change in Net Assets
$128,304
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$64,406
Total Fundraising Expense$35,401
Grants and Similar Amounts Paid$4,765
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other--$33,200$33,200
Interest-$8,635-$8,635
Grants to Domestic Orgs$4,765--$4,765
Fees for Services Legal-$2,663-$2,663
Advertising--$1,484$1,484
All Other Expenses-$425$717$1,142
Other Expenses-$1,012-$1,012
Total Functional Expenses$4,765$29,005$35,401$69,171
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
Lng Trm Liab (summit)$291,600
Loft Apt Proj$4,864
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

“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 N DODGE ST, ALGONA, IA 50511

Signing Officer

Name
Darlene D Jansen
Title
Treasurer
Phone
5158852707
Signed
2021-05-10
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
A David Bibler
Phone
5152953565
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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/RentalIncomeOrLossGrp/RealAmt0-15603
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0817244
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0945548
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0204329
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0139342
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0177689
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0169591
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0367578
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01058529
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt08212
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt06725
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt05404
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt03651
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt05377
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt029369
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.97300
IRS990ScheduleA/PublicSupportPY170Pct00.97810
IRS990ScheduleA/PublicSupportTotal170Amt01058529
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0204329
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0139342
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0177689
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0169591
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0367578
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01058529
IRS990ScheduleA/TotalSupportAmt01087898
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0672725
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0374929
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01047654
IRS990ScheduleD/EquipmentGrp/BookValueAmt01237
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02722
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03959
IRS990ScheduleD/LandGrp/BookValueAmt050000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt050000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0934394
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt090055
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01024449
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0291600
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14864
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LNG TRM LIAB (SUMMIT)
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LOFT APT PROJ
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01658356
IRS990ScheduleD/TotalLiabilityAmt0296464
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COPY REVIEWED BY BOARD BEFORE FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02053057
IRS990/TotalAssetsEOYAmt02157590
IRS990/TotalAssetsGrp/BOYAmt02053057
IRS990/TotalAssetsGrp/EOYAmt02157590
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0204549
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt035401
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt029005
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04765
IRS990/TotalFunctionalExpensesGrp/TotalAmt069171
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0324235
IRS990/TotalLiabilitiesEOYAmt0300464
IRS990/TotalLiabilitiesGrp/BOYAmt0324235
IRS990/TotalLiabilitiesGrp/EOYAmt0300464
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01728822
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01857126
IRS990/TotalProgramServiceExpensesAmt04765
IRS990/TotalProgramServiceRevenueAmt0317
IRS990/TotalRevenueGrp/ExclusionAmt0-7391
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0317
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0197475
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02053057
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02157590
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0111 N DODGE ST
IRS990/USAddress/CityNm0ALGONA
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd050511
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DARLENE D JANSEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum05158852707
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BANCROFT COMMUNITY FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0BANC
ReturnHeader/Filer/EIN0421468316
ReturnHeader/Filer/PhoneNum05152953565
ReturnHeader/Filer/USAddress/AddressLine1Txt0111 N DODGE ST
ReturnHeader/Filer/USAddress/CityNm0ALGONA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050511
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0420940126
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/PreparerPersonNm0A David Bibler
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-05-10T10:03:50-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$2,157,590
Liabilities
$300,464
Net assets
$1,857,126
Revenue
$197,475
Expenses
$69,171
Net income
$128,304
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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • $1M-$5M nonprofits