Civic Intelligence

Iowa State Bar Foundation

990 • Fiscal year 2018 • EIN 42-6055756

Jul 01, 2017 to Jun 30, 2018 • Filed on Sep 27, 2018

625 East Court AveDes Moines, IA 50309

(515) 243-3179

Siviq Scores

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

Liabilities / Assets

24th percentile

0.01x

Higher debt load relative to assets than 24% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

41st percentile

0.06x

Higher debt load relative to revenue than 41% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

93rd percentile

55%

Higher net margin than 93% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

71st percentile

9.1%

Faster asset growth than 71% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

82nd percentile

33%

Faster revenue growth than 82% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$2,337,912

Up $194,774 (+9.1%) from 2017

Net Assets

Up

$2,321,422

Up $187,984 (+8.8%) from 2017

Liabilities

Up

$16,490

Up $6,790 (+70%) from 2017

Revenue

Up

$269,134

Up $66,270 (+33%) from 2017

Expenses

Up

$121,415

Up $18,467 (+18%) from 2017

Net Income

Up

$147,719

Up $47,803 (+48%) from 2017

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,808,557Liabilities 2011: $123,360Net Assets 2011: $1,685,1972011Assets 2012: $1,701,433Liabilities 2012: $176,247Net Assets 2012: $1,525,1862012Assets 2013: $1,669,380Liabilities 2013: $84,719Net Assets 2013: $1,584,6612013Assets 2014: $1,858,454Liabilities 2014: $101,555Net Assets 2014: $1,756,8992014Assets 2015: $2,018,263Liabilities 2015: $84,670Net Assets 2015: $1,933,5932015Assets 2016: $2,021,385Liabilities 2016: $70,015Net Assets 2016: $1,951,3702016Assets 2017: $2,143,138Liabilities 2017: $9,700Net Assets 2017: $2,133,4382017Assets 2018: $2,337,912Liabilities 2018: $16,490Net Assets 2018: $2,321,4222018Assets 2019: $2,401,773Liabilities 2019: $16,400Net Assets 2019: $2,385,3732019Assets 2020: $2,401,090Liabilities 2020: $43,642Net Assets 2020: $2,357,4482020Assets 2021: $2,847,721Liabilities 2021: $36,933Net Assets 2021: $2,810,7882021Assets 2022: $2,448,599Liabilities 2022: $3,000Net Assets 2022: $2,445,5992022Assets 2023: $2,535,443Liabilities 2023: $14,982Net Assets 2023: $2,520,4612023Assets 2024: $2,987,273Liabilities 2024: $33,184Net Assets 2024: $2,954,0892024Assets 2025: $3,327,437Liabilities 2025: $0Net Assets 2025: $3,327,4372025

Highlighted filing

2018

Assets$2,337,912
Liabilities$16,490
Net Assets$2,321,422

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $434,056Expenses 2011: $227,921Net Income 2011: $206,1352011Revenue 2012: $139,405Expenses 2012: $224,937Net Income 2012: -$85,5322012Expenses 2013: $133,3912013Revenue 2014: $127,304Expenses 2014: $98,783Net Income 2014: $28,5212014Revenue 2015: $389,044Expenses 2015: $105,284Net Income 2015: $283,7602015Revenue 2016: $185,287Expenses 2016: $112,147Net Income 2016: $73,1402016Revenue 2017: $202,864Expenses 2017: $102,948Net Income 2017: $99,9162017Revenue 2018: $269,134Expenses 2018: $121,415Net Income 2018: $147,7192018Revenue 2019: $193,435Expenses 2019: $98,951Net Income 2019: $94,4842019Revenue 2020: $154,414Expenses 2020: $119,796Net Income 2020: $34,6182020Revenue 2021: $175,487Expenses 2021: $119,078Net Income 2021: $56,4092021Revenue 2022: $367,026Expenses 2022: $127,608Net Income 2022: $239,4182022Revenue 2023: $187,876Expenses 2023: $148,759Net Income 2023: $39,1172023Revenue 2024: $356,821Expenses 2024: $155,200Net Income 2024: $201,6212024Revenue 2025: $362,547Expenses 2025: $170,641Net Income 2025: $191,9062025

Highlighted filing

2018

Revenue$269,134
Expenses$121,415
Net Income$147,719
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Sep 27, 2018
Return Version
2017v2.3
Gross Receipts
$472,068
Mission and Program Overview

Mission

The foundation strives to be a catalyst, convener and collaborator for change that furthers the promotion and advancement of the science of jurisprudence.

Promotion and advancement of the science of jurisprudence

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$1,823,715$1,951,152▲ $127,437
Pledges and Grants Receivable$186,394$202,299▲ $15,905
Cash and Non-Interest-Bearing Accounts$55,494$90,347▲ $34,853
Accounts Receivable$11,837$12,330▲ $493
Total Assets$2,143,138$2,337,912▲ $194,774
Other Assets Total$65,698$81,784▲ $16,086
Liabilities
Accounts Payable and Accrued Expenses$700$16,490▲ $15,790
Grants Payable$9,000--
Total Liabilities$9,700$16,490▲ $6,790
Net Assets / Fund Balance
Unrestricted Net Assets$1,903,396$2,037,964▲ $134,568
Temporarily Rstr Net Assets$164,344$201,674▲ $37,330
Permanently Rstr Net Assets$65,698$81,784▲ $16,086
Total Net Assets Fund Balance$2,133,438$2,321,422▲ $187,984
Total Liabilities and Net Assets / Fund Balance$2,143,138$2,337,912▲ $194,774

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,951,152--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Elisabeth S ReynoldsonPresident
Deborah L PetersenDirector
Guy R CookDirector
Mark R SchulingDirector
Philip L GarlandDirector
Robert Vp Waterman JrDirector
Paul R TylerPast Preside
Max E KirkPast Secreta
Jane V LorentzenSecretary
Gary J StreitTreasurer
Frank J CarrollVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$177,870
Program Service Revenue
$0
Investment Income
$90,697
Other Revenue
$567
All Other Contributions
$177,870
Change in Net Assets
$147,719

Audited Revenue Reconciliation

Revenue per Audited Statements
$269,134
Revenue Not Reported on Form 990
$40,265
Total Revenue per Audited Statements
$309,399
Total Revenue per Form 990
$269,134
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$76,675
Other Expenses$44,740
Total Fundraising Expense$1,455
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$76,675--$76,675
Fees for Services Management-$20,400-$20,400
Fees for Services Accounting-$9,416-$9,416
Fees for Service Investment Mgmnt Fees-$9,339-$9,339
All Other Expenses-$4,130-$4,130
Other Expenses--$1,455$1,455
Total Functional Expenses$76,675$43,285$1,455$121,415

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$121,415
Total Expenses per Audited Statements$121,415
Total Expenses per Form 990$121,415
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Iowa State Bar AssociationDes Moines, IA501c6Funding$57,500
Justice for Our NeighborsWest Des Moines, IA501c3Funding$10,000
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

The iowa state bar foundation is managed by the iowa state bar association, the organization it supports. See schedule a, part i, 11g.

Form 990, Page 6, Part VI, Line 7A

The board of directors of the foundation are elected by the board of the iowa state bar association.

Form 990, Page 6, Part VI, Line 11B

Form 990 is provided to all members of the board of directors 10 days prior to filing. Direcetors will be asked to review and direct any questions to isba accountant or directly to the return preparer.

Form 990, Page 6, Part VI, Line 19

The isbf provides copies of form 990, governing documents, conflict of interest policy and financial statements upon request. These documents are available for the same period of time as described in internal revenue code section 6104(d) for other public disclosure documents.

Filing and Contact Details

Filer

Filer Name
Iowa State Bar Foundation
EIN
42-6055756
Phone
5152433179
Address
625 EAST COURT AVE, DES MOINES, IA 50309

Signing Officer

Name
Elisabeth S Reynoldson
Title
President
Phone
0051524331
Signed
2018-09-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elisabeth S Reynoldson
Formed
1949
Legal Domicile
Ia
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
15

Preparer

Firm
Mcgowen Hurst Clark & Smith Pc
Address
1601 W LAKES PKWY STE 300, WEST DES MOINES, IA 50266
Preparer
Kathleen S New CPA
Phone
5152883279
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

The foundation is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. Management is unaware of any uncertain income tax positions at june 30, 2018 and 2017. Interest and penalties associated with income tax matters would be presented as components of income tax expense. There were no interest or penalty charges during 2018 and 2017.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE IOWA STATE BAR FOUNDATION'S ARTICLES PROVIDE THAT ALL OF ITS DIRECTORS ARE ELECTED BY THE IOWA STATE BAR ASSOCIATION'S BOARD OF GOVERNORS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE IOWA STATE BAR FOUNDATION SHARES STAFF AND MANAGEMENT WITH THE IOWA STATE BAR ASSOCIATION. THE FOUNDATION, ON OCCASION, PROVIDES GRANTS FOR SPECIAL RESEARCH AND EDUCATIONAL PROJECTS UNDERTAKEN BY THE ASSOCIATION. THE CLOSE STAFF AND BOARD WORKING RELATIONSHIPS ASSURE PROPER USE OF GRANTS PROVIDED BY THE FOUNDATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2THE MAIN OBJECTIVE OF THE FOUNDATION IS TO SUPPORT IOWA STATE BAR ASSOCIATION, HOWEVER, FROM TIME-TO-TIME THE FOUNDATION GRANTS MONEY TO OTHER ORGANIZATIONS THAT HAVE A SIMILAR MISSION OF PROMOTING AND ADVANCING OF THE SCIENCE OF JURISPRUDENCE.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION A, LINE 3B
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2PART IV, SECTION A, LINE 6
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IRS990ScheduleD/RevenueSubtotalAmt0269134
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT IS UNAWARE OF ANY UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2018 AND 2017. INTEREST AND PENALTIES ASSOCIATED WITH INCOME TAX MATTERS WOULD BE PRESENTED AS COMPONENTS OF INCOME TAX EXPENSE. THERE WERE NO INTEREST OR PENALTY CHARGES DURING 2018 AND 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalExpensesPerForm990Amt0121415
IRS990ScheduleD/TotalRevenuePerForm990Amt0269134
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0309399
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0121415
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IRS990ScheduleI/RecipientTable/CashGrantAmt110000
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1FUNDING
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0IOWA STATE BAR ASSOCIATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1JUSTICE FOR OUR NEIGHBORS
IRS990ScheduleI/RecipientTable/RecipientEIN0420335370
IRS990ScheduleI/RecipientTable/RecipientEIN1420680455
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11001 OFFICE PARK ROAD STE 121
IRS990ScheduleI/RecipientTable/USAddress/CityNm0DES MOINES
IRS990ScheduleI/RecipientTable/USAddress/CityNm1WEST DES MOINES
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IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc1FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE GRANTEE SHALL PROVIDE TO THE FOUNDATION A DETAILED WRITTEN REPORT ON THE USE OF THE GRANT FUNDS, IN ACCORDANCE WITH THE SCHEDULE INCLUDED WITH THE GRANT AGREEMENT DOCUMENTS PROVIDED. THE REPORT SHALL INCLUDE A DESCRIPTION OF HOW FUNDS WERE SPENT, THE PROGRESS IN ACCOMPLISHING THE PURPOSES OF THE GRANT, AND AN APPRAISAL OF THE PROJECT RESULTS UNDER THE GRANT FOR THE REPORTING PERIOD.
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt1AS A SUPPORTING ORGANIZATION OF THE IOWA STATE BAR ASSOCIATION, THE IOWA STATE BAR FOUNDATION PROVIDES FUNDING GRANTS TO THE IOWA STATE BAR ASSOCIATION TO HELP THE MISSION OF ADVANCING THE SCIENCE OF JURISPRUDENCE. NO FUNDS GRANTED TO THE IOWA STATE BAR ASSOCIATION ARE USED FOR LOBBYING OR UNRELATED BUSINESS INCOME PURPOSES.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE I, PAGE 4, PART IV
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE IOWA STATE BAR FOUNDATION IS MANAGED BY THE IOWA STATE BAR ASSOCIATION, THE ORGANIZATION IT SUPPORTS. SEE SCHEDULE A, PART I, 11G.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS OF THE FOUNDATION ARE ELECTED BY THE BOARD OF THE IOWA STATE BAR ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS 10 DAYS PRIOR TO FILING. DIRECETORS WILL BE ASKED TO REVIEW AND DIRECT ANY QUESTIONS TO ISBA ACCOUNTANT OR DIRECTLY TO THE RETURN PREPARER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ISBF PROVIDES COPIES OF FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS UPON REQUEST. THESE DOCUMENTS ARE AVAILABLE FOR THE SAME PERIOD OF TIME AS DESCRIBED IN INTERNAL REVENUE CODE SECTION 6104(D) FOR OTHER PUBLIC DISCLOSURE DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0JUSTICE
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IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0PART II, IDENTIFICATION OF RELATED TAX-EXEMPT ORGANIZATIONS: NAME OF RELATED ORGANIZATION: IOWA STATE BAR ASSOCIATION PRIMARY ACTIVITY: ADVANCE JURISPRUDENCE AND FACILITATE THE ADMINISTRATION OF JUSTICE IN IOWA.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE R
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt057500
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt120400
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0IOWA STATE BAR ASSOCIATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1IOWA STATE BAR ASSOCIATION
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IRS990/TotalGrossUBIAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.33$0.00$3.33$0.36$0.17$0.19
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.99$0.03$2.95$0.36$0.16$0.20
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.54$0.01$2.52$0.19$0.15$0.04
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.45$0.00$2.45$0.37$0.13$0.24
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.85$0.04$2.81$0.18$0.12$0.06
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.40$0.04$2.36$0.15$0.12$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.40$0.02$2.39$0.19$0.10$0.09
2018Detailed filing. Detailed filing data is available for this year.$2.34$0.02$2.32$0.27$0.12$0.15
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.14$0.01$2.13$0.20$0.10$0.10
2016Detailed filing. Detailed filing data is available for this year.$2.02$0.07$1.95$0.19$0.11$0.07
2015Detailed filing. Detailed filing data is available for this year.$2.02$0.08$1.93$0.39$0.11$0.28
2014Detailed filing. Detailed filing data is available for this year.$1.86$0.10$1.76$0.13$0.10$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.67$0.08$1.58$0.13
2012Summary only. Only limited summary data is available for this year.$1.70$0.18$1.53$0.14$0.22$0.09
2011Summary only. Only limited summary data is available for this year.$1.81$0.12$1.69$0.43$0.23$0.21
Peer Organizations

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