Civic Intelligence

Marshalltown Community College Foundation

990 • Fiscal year 2021 • EIN 42-6096518

Jan 01, 2021 to Dec 31, 2021 • Filed on Jun 28, 2022

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

29th percentile

0.03x

Higher debt load relative to assets than 29% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

58th percentile

0.22x

Higher debt load relative to revenue than 58% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

81st percentile

40%

Higher net margin than 81% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

46th percentile

8.0%

Faster asset growth than 46% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

28th percentile

-1.5%

Faster revenue growth than 28% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets29th percentile

Assets

Up

$6,238,065

Up $462,690 (+8.0%) from 2020

Net Assets

Up

$6,064,021

Up $497,219 (+8.9%) from 2020

Liabilities

Down

$174,044

Down $34,529 (-17%) from 2020

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin81st percentile

Revenue

Down

$790,444

Down $12,075 (-1.5%) from 2020

Expenses

Down

$477,499

Down $191,475 (-29%) from 2020

Net Income

Up

$312,945

Up $179,400 (+134%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth46th 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

2021

Assets$6,238,065
Liabilities$174,044
Net Assets$6,064,021
Open 2021 Filing

Operations Trend

Revenue Growth28th 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

2021

Revenue$790,444
Expenses$477,499
Net Income$312,945
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jun 28, 2022
Return Version
2021v4.2
Gross Receipts
$1,605,889
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$4,687,614$4,929,728▲ $242,114
Savings and Temporary Cash Investments$1,084,886$1,302,104▲ $217,218
Total Assets$5,775,375$6,238,065▲ $462,690
Other Assets Total$2,875$6,233▲ $3,358
Liabilities
Accounts Payable and Accrued Expenses$208,573$174,044▼ $34,529
Total Liabilities$208,573$174,044▼ $34,529
Net Assets / Fund Balance
Net Assets With Donor Restrictions$4,771,107$5,241,802▲ $470,695
Net Assets Without Donor Restrictions$795,695$822,219▲ $26,524
Total Net Assets Fund Balance$5,566,802$6,064,021▲ $497,219
Total Liabilities and Net Assets / Fund Balance$5,775,375$6,238,065▲ $462,690

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,101,110--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$4,771,107$502,669▲ $343,160-$5,241,802
2020$4,741,540$437,454▲ $177,868-$4,771,107
2019$4,306,143$381,405▲ $440,110-$4,741,540
2018$4,416,897$113,195▼ $76,817-$4,306,143
2017$4,365,299$42,860▲ $282,597-$4,416,897
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$595,609
Program Service Revenue
$0
Investment Income
$194,140
Other Revenue
$695
All Other Contributions
$595,609
Change in Net Assets
$312,945

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$50,191Publicly Traded Price
Total Noncash Contributions1$50,191-

Audited Revenue Reconciliation

Revenue per Audited Statements
$790,444
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$184,274
Total Revenue per Audited Statements
$974,718
Total Revenue per Form 990
$790,444
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$361,771
Other Expenses$115,728
Total Fundraising Expense$66,242
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$361,771--$361,771
Fees for Services Management-$25,264$50,526$75,790
Fees for Service Investment Mgmnt Fees-$17,029$200$17,229
Fees for Services Accounting-$4,300$8,600$12,900
Office Expenses-$1,157$3,914$5,071
Insurance-$215-$215
Other Expenses-$79$116$79
Fees for Services Legal-$2$3$5
Total Functional Expenses$361,771$49,486$66,242$477,499

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$477,499
Total Expenses per Audited Statements$477,499
Total Expenses per Form 990$477,499
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
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
2022-06-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Suzanne Mead
Formed
1966
Legal Domicile
Ia
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
0

Preparer

Firm
Bowman & Miller Pc
Address
24 E MAIN ST, MARSHALLTOWN, IA 50158
Preparer
Taylor G Johnson
Phone
6417539337
Supplemental Narrative

Additional Explanations

Page 12 Part XII Line 2C

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

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 2019-2021. 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, 2021.”

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IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt04929728
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0IA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0815445
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROVIDE 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt05566802
IRS990/NetAssetsOrFundBalancesEOYAmt06064021
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt025761
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt025761
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0184274
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0795695
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0822219
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt050191
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt03914
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01157
IRS990/OfficeExpensesGrp/TotalAmt05071
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02875
IRS990/OtherAssetsTotalGrp/EOYAmt06233
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc1PROFESSIONAL MEMBERSHIP
IRS990/OtherExpensesGrp/Desc2DONOR APPRECIATION
IRS990/OtherExpensesGrp/Desc3FOREIGN TAX PAID
IRS990/OtherExpensesGrp/FundraisingAmt02766
IRS990/OtherExpensesGrp/FundraisingAmt1117
IRS990/OtherExpensesGrp/FundraisingAmt2116
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01382
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt158
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt279
IRS990/OtherExpensesGrp/TotalAmt04148
IRS990/OtherExpensesGrp/TotalAmt1175
IRS990/OtherExpensesGrp/TotalAmt2116
IRS990/OtherExpensesGrp/TotalAmt379
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0695
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0695
IRS990/OtherRevenueTotalAmt0695
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0SUZANNE MEAD
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0633858
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0524024
IRS990/PYInvestmentIncomeAmt0167543
IRS990/PYOtherExpensesAmt0144950
IRS990/PYOtherRevenueAmt01118
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0133545
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0668974
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0802519
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0312945
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01084886
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01302104
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0595609
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0633858
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0617545
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0460345
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0355399
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02662756
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0194140
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0167543
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0248864
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0166058
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0133136
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0909741
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.74530
IRS990ScheduleA/PublicSupportPY170Pct00.74290
IRS990ScheduleA/PublicSupportTotal170Amt02662756
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0595609
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0633858
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0617545
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0460345
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0355399
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02662756
IRS990ScheduleA/TotalSupportAmt03572497
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/BeginningYearBalanceAmt04771107
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0502669
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt05241802
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0375134
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0343160
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt04741540
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0437454
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt04771107
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0585755
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0177868
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt04306143
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0381405
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt04741540
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0386118
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0440110
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt039393
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt04416897
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0113195
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt04306143
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0107739
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-76817
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0170310
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt04365299
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt042860
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt04416897
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0103547
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0282597
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0477499
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0184274
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01575459
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt18523
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt22244636
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt31101110
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/RevenueNotReportedAmt0184274
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0790444
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 2019-2021. 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, 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt04929728
IRS990ScheduleD/TotalExpensesPerForm990Amt0477499
IRS990ScheduleD/TotalRevenuePerForm990Amt0790444
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0974718
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0477499
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0361771
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0TUITION SCHOLARSHIPS FOR STUDENTS ATTENDING MARSHALLTOWN COMMUNITY COLLEGE.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0534
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,238,065
Liabilities
$174,044
Net assets
$6,064,021
Revenue
$790,444
Expenses
$477,499
Net income
$312,945
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
2021Detailed filing. Detailed filing data is available for this year.$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