Civic Intelligence

Marshalltown Community College Foundation

990 • Fiscal year 2015 • EIN 42-6096518

Jan 01, 2015 to Dec 31, 2015 • Filed on May 06, 2016

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.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

6th percentile

0.00x

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

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

90th percentile

46%

Higher net margin than 90% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

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.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

40th percentile

-1.2%

Faster asset growth than 40% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

5th percentile

-51%

Faster revenue growth than 5% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Down

$5,636,095

Down $68,322 (-1.2%) from 2014

Net Assets

Down

$5,636,095

Down $68,322 (-1.2%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue

Down

$765,911

Down $785,253 (-51%) from 2014

Expenses

Down

$410,185

Down $72,827 (-15%) from 2014

Net Income

Down

$355,726

Down $712,426 (-67%) from 2014

Historical Trend

Balance Sheet Trend

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

2015

Assets$5,636,095
Liabilities$0
Net Assets$5,636,095

Operations Trend

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

2015

Revenue$765,911
Expenses$410,185
Net Income$355,726
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 6, 2016
Return Version
2015v2.1
Gross Receipts
$1,298,632
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$5,140,180$5,065,560▼ $74,620
Savings and Temporary Cash Investments$564,237$570,535▲ $6,298
Total Assets$5,704,417$5,636,095▼ $68,322
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$4,142,540$4,049,972▼ $92,568
Unrestricted Net Assets$1,561,877$1,586,123▲ $24,246
Total Net Assets Fund Balance$5,704,417$5,636,095▼ $68,322
Total Liabilities and Net Assets / Fund Balance$5,704,417$5,636,095▼ $68,322

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,015,589--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$4,142,540$3,480▲ $139,790-$4,049,972
2014$4,030,871-▲ $373,185-$4,142,540
Compensation and Service Providers

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
Sandra GowdyDirector
Vic HellbergDirector
Carol GeilExecutive Director
Jim GoodmanSecretary
Suzanne MeadTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$606,199
Program Service Revenue
$0
Investment Income
$157,747
Other Revenue
$1,965
All Other Contributions
$606,199
Change in Net Assets
$355,726
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$225,633
Other Expenses$184,552
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$225,633--$225,633
Fees for Services Management$72,664--$72,664
Fees for Service Investment Mgmnt Fees-$9,774-$9,774
Office Expenses$4,678--$4,678
Fees for Services Accounting-$792-$792
Other Expenses$135$54-$135
Total Functional Expenses$399,565$10,620$0$410,185
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$3,505
Fundraising Direct Expenses$1,540
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 abstains 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

Suzanne mead - 2226 summit rd., 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
EIN
42-6096518
Phone
6416910434
Address
3700 S CENTER STREET, MARSHALLTOWN, IA 50158

Signing Officer

Name
Suzanne Mead
Title
Treasurer
Phone
6417522525
Signed
2016-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Suzanne Mead
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/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0483012
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01551164
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0355726
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0564237
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0570535
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0609704
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01410005
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0747384
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0404830
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0483600
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03655523
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0151138
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0106186
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0149868
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0139921
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0152113
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0699226
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.83940
IRS990ScheduleA/PublicSupportPY170Pct00.84010
IRS990ScheduleA/PublicSupportTotal170Amt03655523
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0609704
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01410005
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0747384
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0404830
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0483600
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03655523
IRS990ScheduleA/TotalSupportAmt04354749
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/AdministrativeExpensesAmt010205
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt04142540
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt03480
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt04049972
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0225633
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0139790
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt010080
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt04030871
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt04142540
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0251436
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0373185
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01246046
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt14675
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt21891315
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt3907935
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt41015589
IRS990ScheduleD/OtherSecuritiesGrp/Desc0UNITED BNK & TRUST
IRS990ScheduleD/OtherSecuritiesGrp/Desc1RBC WEALTH MANAGEMENT
IRS990ScheduleD/OtherSecuritiesGrp/Desc2WELLS FARGO ADVISORS
IRS990ScheduleD/OtherSecuritiesGrp/Desc3GREAT WESTERN BANK
IRS990ScheduleD/OtherSecuritiesGrp/Desc4JOHN DEERE
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4F
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt05065560
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0225633
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0TUITION SCHOLARSHIPS FOR STUDENTS ATTENDING MARSHALLTOWN COMMUNITY COLLEGE.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0591
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 ABSTAINS 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/ExplanationTxt4SUZANNE MEAD - 2226 SUMMIT RD., 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/TotalAssetsBOYAmt05704417
IRS990/TotalAssetsEOYAmt05636095
IRS990/TotalAssetsGrp/BOYAmt05704417
IRS990/TotalAssetsGrp/EOYAmt05636095
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0606199
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt010620
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0399565
IRS990/TotalFunctionalExpensesGrp/TotalAmt0410185
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05704417
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05636095
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0399565
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01965
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0157747
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0765911
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05704417
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05636095
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00

Document Assets

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Filings

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
Peer Organizations

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