Civic Intelligence

Marshalltown Community College Foundation

990 • Fiscal year 2019 • EIN 42-6096518

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 29, 2020

Organization ProfileWWW.MARSHALLTOWNCOMMUNITYCOLLEGEFOUNDATION.ORG
3700 S Center StreetMarshalltown, IA 50158

(641) 844-5747

Siviq Scores

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

Liabilities / Assets

28th percentile

0.03x

Higher debt load relative to assets than 28% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

55th percentile

0.21x

Higher debt load relative to revenue than 55% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

89th percentile

45%

Higher net margin than 89% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

72nd percentile

12%

Faster asset growth than 72% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

86th percentile

39%

Faster revenue growth than 86% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets28th percentile

Assets

Up

$5,545,614

Up $590,828 (+12%) from 2018

Net Assets

Up

$5,367,153

Up $666,572 (+14%) from 2018

Liabilities

Down

$178,461

Down $75,744 (-30%) from 2018

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin89th percentile

Revenue

Up

$869,131

Up $242,636 (+39%) from 2018

Expenses

Down

$481,483

Down $117,259 (-20%) from 2018

Net Income

Up

$387,648

Up $359,895 (+1297%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth72nd 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

2019

Assets$5,545,614
Liabilities$178,461
Net Assets$5,367,153
Open 2019 Filing

Operations Trend

Revenue Growth86th 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

2019

Revenue$869,131
Expenses$481,483
Net Income$387,648
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 29, 2020
Return Version
2019v5.1
Gross Receipts
$1,923,818
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$3,966,310$4,304,397▲ $338,087
Savings and Temporary Cash Investments$984,384$1,237,175▲ $252,791
Total Assets$4,954,786$5,545,614▲ $590,828
Other Assets Total$4,092$4,042▼ $50
Liabilities
Accounts Payable and Accrued Expenses$254,205$161,511▼ $92,694
Other Liabilities$0$16,950▲ $16,950
Total Liabilities$254,205$178,461▼ $75,744
Net Assets / Fund Balance
Net Assets With Donor Restrictions$4,106,243$4,741,540▲ $635,297
Net Assets Without Donor Restrictions$594,338$625,613▲ $31,275
Total Net Assets Fund Balance$4,700,581$5,367,153▲ $666,572
Total Liabilities and Net Assets / Fund Balance$4,954,786$5,545,614▲ $590,828

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$974,262--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$4,306,143---$4,306,143
2018$4,416,897$113,195▼ $76,817-$4,306,143
2017$4,365,299$42,860▲ $282,597-$4,416,897
2016$4,049,972$120,933▲ $194,394-$4,365,299
2015$4,142,540$3,480▲ $139,790-$4,049,972
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

NameTitle
Gary SchaudtPresident
Norma MeadeVice President
Chris EdelDirector
Dean FogertyDirector
Jerry StephensDirector
Jim BowmanDirector
Jim DoudsDirector
Kenn VinsonDirector
Lee HaupertDirector
Sandra GowdyDirector
Vic HellbergDirector
Carol GeilExecutive Director
Robin LilethalEx-officio
Jim GoodmanSecretary
Suzanne MeadTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$617,545
Program Service Revenue
$0
Investment Income
$248,864
Other Revenue
$2,722
All Other Contributions
$617,545
Change in Net Assets
$387,648

Audited Revenue Reconciliation

Revenue per Audited Statements
$869,131
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$278,924
Total Revenue per Audited Statements
$1,148,055
Total Revenue per Form 990
$869,131
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$341,866
Other Expenses$139,617
Total Fundraising Expense$83,737
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$341,866--$341,866
Fees for Services Management-$37,410$74,816$112,226
Fees for Service Investment Mgmnt Fees-$14,279$207$14,486
Fees for Services Accounting-$2,040$4,080$6,120
Office Expenses-$1,236$3,798$5,034
Insurance-$215-$215
Other Expenses-$58$117$175
Total Functional Expenses$341,866$55,880$83,737$481,483

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$481,483
Total Expenses per Audited Statements$481,483
Total Expenses per Form 990$481,483
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Cash Deficit W/o Donor Restrictions$16,950
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
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 11B

“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 Contact Addresses for Officers, Directors, Etc

“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 - 25 s. Center st., marshalltown, ia 50158.”

Filing and Contact Details

Filer

Filer Name
Marshalltown Community
EIN
42-6096518
Phone
6418445747
Address
3700 S CENTER STREET, MARSHALLTOWN, IA 50158

Signing Officer

Name
Suzanne Mead
Title
Treasurer
Phone
6417522525
Signed
2020-06-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Suzanne Mead
Formed
1966
Legal Domicile
Ia
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
0

Preparer

Firm
Bowman & Miller Pc
Address
24 EAST MAIN STREET, MARSHALLTOWN, IA 50158
Preparer
Taylor Johnson
Phone
6417539337
Supplemental Narrative

Additional Explanations

Page 12 Part XII Line 2C

“The board of directors will approve teh aduit report after reviewing it. This process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The organization adopted the accounting for uncertainty in income tax positions which clarifies the accounting and recognition for tax positions taken or expected to be taken in its income tax jurisdictions. The organization's income tax filings are subject to audit by taxing jurisdictions. The organization's open audit periods are 2017-2019. The organization has analyzed its tax position and believes its income tax filing position will be sustained upon examination and does not anticipate any adjustments that would result in significant adverse affects to their financial reports. Accordingly, the organization has not recorded any reserves or related accruals for interest and penalties for uncertain income tax positions at december 31, 2019.”

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IRS990/MoreThan5000KToIndividualsInd00
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IRS990/NetAssetsOrFundBalancesBOYAmt04700581
IRS990/NetAssetsOrFundBalancesEOYAmt05367153
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt096020
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt096020
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0278924
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0594338
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0625613
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt05044
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt03798
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01236
IRS990/OfficeExpensesGrp/TotalAmt05034
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04092
IRS990/OtherAssetsTotalGrp/EOYAmt04042
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc1FOREIGN TAX PAID
IRS990/OtherExpensesGrp/Desc2DONOR APPRECIATION
IRS990/OtherExpensesGrp/Desc3PROFESSIONAL MEMBERSHIP
IRS990/OtherExpensesGrp/FundraisingAmt0323
IRS990/OtherExpensesGrp/FundraisingAmt1396
IRS990/OtherExpensesGrp/FundraisingAmt2117
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0161
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1481
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt258
IRS990/OtherExpensesGrp/TotalAmt0484
IRS990/OtherExpensesGrp/TotalAmt1481
IRS990/OtherExpensesGrp/TotalAmt2396
IRS990/OtherExpensesGrp/TotalAmt3175
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt016950
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02722
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02722
IRS990/OtherRevenueTotalAmt02722
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0SUZANNE MEAD
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0460345
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0465763
IRS990/PYInvestmentIncomeAmt0166058
IRS990/PYOtherExpensesAmt0132979
IRS990/PYOtherRevenueAmt092
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt027753
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0598742
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0626495
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0387648
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0984384
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01237175
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0617545
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0460345
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0355399
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0412064
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0609704
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02455057
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0248864
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0166058
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0133136
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0142258
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0151138
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0841454
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.74470
IRS990ScheduleA/PublicSupportPY170Pct00.82290
IRS990ScheduleA/PublicSupportTotal170Amt02455057
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0617545
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0460345
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0355399
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0412064
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0609704
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02455057
IRS990ScheduleA/TotalSupportAmt03296511
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/AgentTrusteeEtcInd00
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt04306143
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt04306143
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt039393
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt04416897
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0113195
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt04306143
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0107739
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-76817
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0170310
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt04365299
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt042860
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt04416897
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0103547
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0282597
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt04049972
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0120933
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt04365299
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0194394
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt010205
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt04142540
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt03480
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt04049972
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0225633
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0139790
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0481483
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0278924
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt016950
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CASH DEFICIT W/O DONOR RESTRICTIONS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01339568
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt14111
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt21986456
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt3974262
IRS990ScheduleD/OtherSecuritiesGrp/Desc0UNITED BNK & TRUST
IRS990ScheduleD/OtherSecuritiesGrp/Desc1RBC WEALTH MANAGEMENT
IRS990ScheduleD/OtherSecuritiesGrp/Desc2WELLS FARGO ADVISORS
IRS990ScheduleD/OtherSecuritiesGrp/Desc3GREAT WESTERN BANK
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3F
IRS990ScheduleD/RevenueNotReportedAmt0278924
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0869131
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ADOPTED THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAX POSITIONS WHICH CLARIFIES THE ACCOUNTING AND RECOGNITION FOR TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN ITS INCOME TAX JURISDICTIONS. THE ORGANIZATION'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY TAXING JURISDICTIONS. THE ORGANIZATION'S OPEN AUDIT PERIODS ARE 2017-2019. THE ORGANIZATION HAS ANALYZED ITS TAX POSITION AND BELIEVES ITS INCOME TAX FILING POSITION WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN SIGNIFICANT ADVERSE AFFECTS TO THEIR FINANCIAL REPORTS. ACCORDINGLY, THE ORGANIZATION HAS NOT RECORDED ANY RESERVES OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2019.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt04304397
IRS990ScheduleD/TotalExpensesPerForm990Amt0481483
IRS990ScheduleD/TotalLiabilityAmt016950
IRS990ScheduleD/TotalRevenuePerForm990Amt0869131
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01148055
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0481483
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0341866
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0TUITION SCHOLARSHIPS FOR STUDENTS ATTENDING MARSHALLTOWN COMMUNITY COLLEGE.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0518
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 - 25 S. CENTER ST., MARSHALLTOWN, IA 50158.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS WILL APPROVE TEH ADUIT REPORT AFTER REVIEWING IT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,545,614
Liabilities
$178,461
Net assets
$5,367,153
Revenue
$869,131
Expenses
$481,483
Net income
$387,648
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
2019Detailed filing. Detailed filing data is available for this year.$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