Civic Intelligence

Marshalltown Community College Foundation

990 • Fiscal year 2014 • EIN 42-6096518

Jan 01, 2014 to Dec 31, 2014 • Filed on Jul 10, 2015

Organization ProfileN/A
3700 S Center StreetMarshalltown, IA 50158

(641) 691-0434

Siviq Scores

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

Liabilities / Assets

6th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

6th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

95th percentile

69%

Higher net margin than 95% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

89th percentile

30%

Faster asset growth than 89% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

90th percentile

58%

Faster revenue growth than 90% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets6th percentile

Assets

Up

$5,704,417

Up $1,300,793 (+30%) from 2013

Net Assets

Up

$5,704,417

Up $1,300,793 (+30%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue And Expenses
Liabilities / Revenue6th percentileNet Margin95th percentile

Revenue

Up

$1,551,164

Up $571,000 (+58%) from 2013

Expenses

Down

$483,012

Down $12,166 (-2.5%) from 2013

Net Income

Up

$1,068,152

Up $583,166 (+120%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $3,890,876Liabilities 2011: $0Net Assets 2011: $3,890,8762011Assets 2012: $4,097,462Liabilities 2012: $0Net Assets 2012: $4,097,4622012Assets 2013: $4,403,624Liabilities 2013: $0Net Assets 2013: $4,403,6242013Assets 2014: $5,704,417Liabilities 2014: $0Net Assets 2014: $5,704,4172014Assets 2015: $5,636,095Liabilities 2015: $0Net Assets 2015: $5,636,0952015Assets 2016: $4,923,953Liabilities 2016: $109,581Net Assets 2016: $4,814,3722016Assets 2017: $5,102,107Liabilities 2017: $191,747Net Assets 2017: $4,910,3602017Assets 2018: $4,954,786Liabilities 2018: $254,205Net Assets 2018: $4,700,5812018Assets 2019: $5,545,614Liabilities 2019: $178,461Net Assets 2019: $5,367,1532019Assets 2020: $5,775,375Liabilities 2020: $208,573Net Assets 2020: $5,566,8022020Assets 2021: $6,238,065Liabilities 2021: $174,044Net Assets 2021: $6,064,0212021Assets 2022: $5,752,486Liabilities 2022: $260,480Net Assets 2022: $5,492,0062022Assets 2023: $5,958,810Liabilities 2023: $194,107Net Assets 2023: $5,764,7032023Assets 2024: $6,465,163Liabilities 2024: $307,408Net Assets 2024: $6,157,7552024

Highlighted filing

2014

Assets$5,704,417
Liabilities$0
Net Assets$5,704,417
Open 2014 Filing

Operations Trend

Revenue Growth90th percentile

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

$2.0M$1.0M$0-$1.0M-$2.0MExpenses 2011: $565,4762011Expenses 2012: $496,7242012Revenue 2013: $980,164Expenses 2013: $495,178Net Income 2013: $484,9862013Revenue 2014: $1,551,164Expenses 2014: $483,012Net Income 2014: $1,068,1522014Revenue 2015: $765,911Expenses 2015: $410,185Net Income 2015: $355,7262015Revenue 2016: $554,652Expenses 2016: $1,574,010Net Income 2016: -$1,019,3582016Revenue 2017: $488,733Expenses 2017: $543,116Net Income 2017: -$54,3832017Revenue 2018: $626,495Expenses 2018: $598,742Net Income 2018: $27,7532018Revenue 2019: $869,131Expenses 2019: $481,483Net Income 2019: $387,6482019Revenue 2020: $802,519Expenses 2020: $668,974Net Income 2020: $133,5452020Revenue 2021: $790,444Expenses 2021: $477,499Net Income 2021: $312,9452021Revenue 2022: $754,892Expenses 2022: $793,513Net Income 2022: -$38,6212022Revenue 2023: $779,809Expenses 2023: $698,814Net Income 2023: $80,9952023Revenue 2024: $913,194Expenses 2024: $711,802Net Income 2024: $201,3922024

Highlighted filing

2014

Revenue$1,551,164
Expenses$483,012
Net Income$1,068,152
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jul 10, 2015
Return Version
2014v5.0
Gross Receipts
$2,837,827
Mission and Program Overview

Mission

Provide funds for scholarships for worthy and needy students to help finance college education and to support the departments of liberal, fine arts, athletic, social science and humanities.

To provide worthy and needy students scholarships

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$4,030,871$5,140,180▲ $1,109,309
Savings and Temporary Cash Investments$372,753$564,237▲ $191,484
Total Assets$4,403,624$5,704,417▲ $1,300,793
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$4,030,871$4,142,540▲ $111,669
Unrestricted Net Assets$372,753$1,561,877▲ $1,189,124
Total Net Assets Fund Balance$4,403,624$5,704,417▲ $1,300,793
Total Liabilities and Net Assets / Fund Balance$4,403,624$5,704,417▲ $1,300,793

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$3,906,356--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$4,030,871-▲ $373,185-$4,142,540
Compensation and Service Providers
Top Officer Pay19th percentile

Board Members and Trustees

NameTitle
Gary SchaudtPresident
Norma MeadeVice President
Chris EdelDirector
Dean FogertyDirector
Jerry StephensDirector
Jim DoudsDirector
John VeldyDirector
Kathy BakerDirector
Kenn VinsonDirector
Lee BritnallDirector
Lee HaupertDirector
Roger ChaseDirector
Sandra GowdyDirector
Vic HellbergDirector
Carol GeilExecutive Director
Jim GoodmanSecretary
James R BowmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,394,988
Program Service Revenue
$0
Investment Income
$156,176
Other Revenue
$0
All Other Contributions
$1,394,988
Change in Net Assets
$1,068,152
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$295,170
Other Expenses$187,842
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$295,170--$295,170
Fees for Services Management$57,520--$57,520
Fees for Service Investment Mgmnt Fees-$9,044-$9,044
Office Expenses$4,635--$4,635
Fees for Services Accounting-$1,992-$1,992
Other Expenses$796$76-$796
Total Functional Expenses$471,900$11,112$0$483,012
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
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
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“The return was reviewed by the board's executive committee and approved.”

Form 990, Part VI, Section B, Line 12C

“The board of directors sign a conflict of interest statement annually. If a conflict exists, the board member will not participate in the discussion and substain from voting on the issue at hand.”

Form 990, Part VI, Section C, Line 18

“The organization will provide requested information upon written request.”

Form 990, Part VI, Section C, Line 19

“The organization will provide requested information upon written request.”

Form 990, Part VII

“James r bowman - 24 e main street, marshalltown, ia 50158. Jim goodman - 2007 elmcrest drive, marshalltown, ia 50158. Norma meade - 26 s 1st ave, marshalltown, ia 50158. Gary schaudt - 3 e southridge rd., marshalltown, ia 50158.”

Filing and Contact Details

Filer

Filer Name
Marshalltown Community College Foundation
EIN
42-6096518
Phone
6416910434
Address
3700 S CENTER STREET, MARSHALLTOWN, IA 50158

Signing Officer

Name
James R Bowman
Title
Treasurer
Phone
6416910434
Signed
2015-07-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James R Bowman
Formed
1966
Legal Domicile
Ia
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
0

Preparer

Firm
Bowman & Miller Pc
Address
24 EAST MAIN STREET, MARSHALLTOWN, IA 50158
Preparer
Elizabeth a Miller
Phone
6417539337
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IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0747384
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0264867
IRS990/PYInvestmentIncomeAmt0232780
IRS990/PYOtherExpensesAmt0230311
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0484986
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0495178
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0980164
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt01068152
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0372753
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0564237
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01410005
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0747384
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0404830
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0483600
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0642173
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03687992
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0106186
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0149868
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0139921
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0152113
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0153825
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0701913
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.84010
IRS990ScheduleA/PublicSupportPY170Pct00.82160
IRS990ScheduleA/PublicSupportTotal170Amt03687992
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01410005
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0747384
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0404830
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0483600
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0642173
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03687992
IRS990ScheduleA/TotalSupportAmt04389905
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt010080
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt04030871
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt04142540
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0251436
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0373185
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01226476
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt17348
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt23906356
IRS990ScheduleD/OtherSecuritiesGrp/Desc0UNITED BNK & TRUST
IRS990ScheduleD/OtherSecuritiesGrp/Desc1RBC WEALTH MANAGEMENT
IRS990ScheduleD/OtherSecuritiesGrp/Desc2WELLS FARGO ADVISORS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt05140180
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0295170
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0TUITION SCHOLARSHIPS FOR STUDENTS ATTENDING MARSHALLTOWN COMMUNITY COLLEGE.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0413
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE RETURN WAS REVIEWED BY THE BOARD'S EXECUTIVE COMMITTEE AND APPROVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. IF A CONFLICT EXISTS, THE BOARD MEMBER WILL NOT PARTICIPATE IN THE DISCUSSION AND SUBSTAIN FROM VOTING ON THE ISSUE AT HAND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION WILL PROVIDE REQUESTED INFORMATION UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION WILL PROVIDE REQUESTED INFORMATION UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4JAMES R BOWMAN - 24 E MAIN STREET, MARSHALLTOWN, IA 50158. JIM GOODMAN - 2007 ELMCREST DRIVE, MARSHALLTOWN, IA 50158. NORMA MEADE - 26 S 1ST AVE, MARSHALLTOWN, IA 50158. GARY SCHAUDT - 3 E SOUTHRIDGE RD., MARSHALLTOWN, IA 50158.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VII
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04403624
IRS990/TotalAssetsEOYAmt05704417
IRS990/TotalAssetsGrp/BOYAmt04403624
IRS990/TotalAssetsGrp/EOYAmt05704417
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01394988
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt011112
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0471900
IRS990/TotalFunctionalExpensesGrp/TotalAmt0483012
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04403624
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05704417
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0471900
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0156176
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01551164
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04403624
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05704417
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0372753
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01561877
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt024 E MAIN STREET
IRS990/USAddress/CityNm0MARSHALLTOWN
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd050158
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,704,417
Liabilities
$0
Net assets
$5,704,417
Revenue
$1,551,164
Expenses
$483,012
Net income
$1,068,152
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.47$0.31$6.16$0.91$0.71$0.20
2023Summary only. Only limited summary data is available for this year.$5.96$0.19$5.76$0.78$0.70$0.08
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.75$0.26$5.49$0.75$0.79$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.24$0.17$6.06$0.79$0.48$0.31
2020Summary only. Only limited summary data is available for this year.$5.78$0.21$5.57$0.80$0.67$0.13
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.55$0.18$5.37$0.87$0.48$0.39
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.95$0.25$4.70$0.63$0.60$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.10$0.19$4.91$0.49$0.54$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.92$0.11$4.81$0.55$1.57$1.02
2015Detailed filing. Detailed filing data is available for this year.$5.64$0.00$5.64$0.77$0.41$0.36
2014Detailed filing. Detailed filing data is available for this year.$5.70$0.00$5.70$1.55$0.48$1.07
2013Detailed filing. Detailed filing data is available for this year.$4.40$0.00$4.40$0.98$0.50$0.48
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.10$0.00$4.10$0.50
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.89$0.00$3.89$0.57