Civic Intelligence

Robert S Jackson Trust Central State Bank Ttee

990 • Fiscal year 2023 • EIN 42-6150899

Jan 01, 2023 to Dec 31, 2023 • Filed on May 13, 2024

301 IowaMuscatine, IA 52761

(563) 263-3131

Siviq Scores

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

Liabilities / Assets

8th percentile

0.00x

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

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

8th percentile

0.00x

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

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

1st percentile

-1311%

Higher net margin than 1% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

25th percentile

$40,198

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 202.9% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

46th percentile

4.1%

Faster asset growth than 46% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

4th percentile

-62%

Faster revenue growth than 4% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Up

$7,512,596

Up $293,132 (+4.1%) from 2022

Net Assets

Up

$7,512,596

Up $293,132 (+4.1%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Down

$19,813

Down $32,100 (-62%) from 2022

Expenses

Down

$279,618

Down $19,245 (-6.4%) from 2022

Net Income

Down

-$259,805

Down $12,855 (-5.2%) from 2022

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 2010: $5,328,896Liabilities 2010: $0Net Assets 2010: $5,328,8962010Assets 2011: $5,548,298Liabilities 2011: $0Net Assets 2011: $5,548,2982011Assets 2012: $5,715,491Liabilities 2012: $0Net Assets 2012: $5,715,4912012Assets 2013: $5,808,655Liabilities 2013: $0Net Assets 2013: $5,808,6552013Assets 2014: $5,858,590Liabilities 2014: $0Net Assets 2014: $5,858,5902014Assets 2015: $5,610,912Liabilities 2015: $0Net Assets 2015: $5,610,9122015Assets 2016: $5,679,407Liabilities 2016: $0Net Assets 2016: $5,679,4072016Assets 2017: $5,851,689Liabilities 2017: $0Net Assets 2017: $5,851,6892017Assets 2018: $5,414,518Liabilities 2018: $0Net Assets 2018: $5,414,5182018Assets 2019: $5,884,217Liabilities 2019: $0Net Assets 2019: $5,884,2172019Assets 2020: $6,136,552Liabilities 2020: $0Net Assets 2020: $6,136,5522020Assets 2021: $6,161,773Liabilities 2021: $0Net Assets 2021: $6,161,7732021Assets 2022: $7,219,464Liabilities 2022: $0Net Assets 2022: $7,219,4642022Assets 2023: $7,512,596Liabilities 2023: $0Net Assets 2023: $7,512,5962023Assets 2024: $7,693,181Liabilities 2024: $0Net Assets 2024: $7,693,1812024

Highlighted filing

2023

Assets$7,512,596
Liabilities$0
Net Assets$7,512,596

Operations Trend

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

$600K$400K$200K$0-$200K-$400KExpenses 2010: $247,5402010Revenue 2011: $284,980Expenses 2011: $221,213Net Income 2011: $63,7672011Expenses 2012: $228,7102012Revenue 2013: $262,513Expenses 2013: $212,204Net Income 2013: $50,3092013Revenue 2014: $240,363Expenses 2014: $204,545Net Income 2014: $35,8182014Revenue 2015: $165,382Expenses 2015: $235,548Net Income 2015: -$70,1662015Revenue 2016: $201,106Expenses 2016: $273,960Net Income 2016: -$72,8542016Revenue 2017: $282,311Expenses 2017: $263,767Net Income 2017: $18,5442017Revenue 2018: $189,402Expenses 2018: $409,459Net Income 2018: -$220,0572018Revenue 2019: $338,769Expenses 2019: $285,529Net Income 2019: $53,2402019Revenue 2020: $372,458Expenses 2020: $243,456Net Income 2020: $129,0022020Revenue 2021: $244,845Expenses 2021: $276,888Net Income 2021: -$32,0432021Revenue 2022: $51,913Expenses 2022: $298,863Net Income 2022: -$246,9502022Revenue 2023: $19,813Expenses 2023: $279,618Net Income 2023: -$259,8052023Revenue 2024: $172,679Expenses 2024: $275,289Net Income 2024: -$102,6102024

Highlighted filing

2023

Revenue$19,813
Expenses$279,618
Net Income-$259,805
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 13, 2024
Return Version
2023v5.0
Gross Receipts
$2,565,528
Mission and Program Overview

Mission

To provide support for the music of the wesley united church including instruments, instrument repairs, choir expenses and musical concerts to be offered to the public.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$7,219,464$7,512,596▲ $293,132
Investments in Publicly Traded Securities$5,893,099$5,406,851▼ $486,248
Investments Other Securities$1,033,173$1,653,889▲ $620,716
Cash and Non-Interest-Bearing Accounts$293,192$451,856▲ $158,664
Total Assets$7,219,464$7,512,596▲ $293,132
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,219,464$7,512,596▲ $293,132
Total Liabilities and Net Assets / Fund Balance$7,219,464$7,512,596▲ $293,132

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,653,889--
Compensation and Service Providers

Employees

NameTitleBaseTotal
-Trustee$40,198$40,198
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$19,813
Other Revenue
$0
Change in Net Assets
$-259,805
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$235,772
Salaries, Compensation, and Employee Benefits$40,198
Other Expenses$3,648
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$235,772--$235,772
Current Officers, Directors, Trustees, and Key Employees-$40,198-$40,198
Fees for Services Other-$2,625-$2,625
Fees for Service Investment Mgmnt Fees-$250-$250
Other Expenses-$160-$160
Office Expenses-$104-$104
Total Functional Expenses$235,772$43,846$0$279,618
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Wesley United ChurchMuscatine, IA501c3Give Free Concerts$235,772
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
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Jon holthe,senior vice president of cbi bank and trust, acting as trustee of the robert s. Jackson trust reviews the form 990 and then signs the form 990.

Form 990, Page 6, Part VI, Line 19

Paper copies of the trust documents and trustee reports are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Robert S Jackson Trust
EIN
42-6150899
Phone
5632633131
Address
301 IOWA, MUSCATINE, IA 52761

Signing Officer

Name
Jonathan Holthe
Title
SVP & Sto
Phone
5632633131
Signed
2024-05-13
Discuss with paid preparer
Yes

Organization Details

Formed
1970
Legal Domicile
Ia
Voting Board Members
1
Independent Board Members
1
Employees
0
Volunteers
30

Preparer

Firm
Beckey & Associates Pc
Address
500 CEDAR ST, MUSCATINE, IA 52761-4208
Preparer
Vicki a Beckey
Phone
5632642727
Supplemental Narrative

Additional Explanations

Form 990

Schedule r, part ii, line 1b = primary activity is to bring people to jesus

Raw XML AppendixShowing 400 of 404 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0ALL MEMBERS OF THE WESLEY UNITED CHURCH TRUSTEES ARE ELECTED BY THE MEMBERSHIP OF THE WESLEY UNITED CHURCH TRUSTEES. THE CBI BANK AND TRUST ACTING AS TRUSTEE OF THE ROBERT S. JACKSON TRUST HAS NO REPRESENTATIVE SERVING AS CHURCH TRUSTEE. THE TRUSTEE, CBI BANK AND TRUST, HAS REGULAR MEETINGS WITH THE WESLEY UNITED CHURCH TRUSTEES AND REGULARLY COMMUNICATES WITH THE DESIGNATED LIASION. THIS RELATIONSHIP HAS BEEN LONGSTANDING SINCE 1970.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE AMOUNT OF SUPPORT RECEIVED BY THE WESLEY UNITED CHURCH IS NECESSARY TO AVOID THE INTERRUPTION OF THE MUSCIAL CONCERTS OPEN WITHOUT CHARGE TO THE GENERAL PUBLIC INCLUDING THE AMOUNTS EXPENDED TO OBTAIN THE SERVICES OF DISTINGUISHED ARTISTS ENGAGED TO PERFORM AT SUCH CONCERTS. THE TRUST DOCUMENTS DIRECT THAT THE INCOME FROM THE TRUST DOCUMENTS BE SOLELY USED FOR THE MUSIC OF THE WESLEY UNITED CHURCH, AND FOR THE MAINTENANCE AND REPAIR OF THE STAINED GLASS WINDOWS OF THE AUDITORIUM OF THE WESLEY UNITED CHURCH. THE PHRASE "MUSIC OF SAID CHURCH" INLCUDES COMPENSATION FOR THE ORGANIST AND PERSONNEL OF THE CHOIR AND ORCHESTRA, THE PURCHASE, MAINTENANCE AND REPAIR OF ORGANS, PIANOS, AND OTHER MUSICAL INSTRUMENTS AND EQUIPMENT, THE AQUISITION OF SHEET MUSIC AND SUPPLIES, ROBES AND VESTMENTS, AND OTHER MUSIC-RELATED MATERIALS, AND TOWARD THE COSTS OF MUSICAL CONCERTS TO BE HELD IN THE WESLEY UNITED CHURCH OPEN WITHOUT CHARGE TO THE GENERAL PUBLIC. THE TRUSTEE, CBI BANK AND TRUST HAS REGULAR MEETINGS WITH THE WESLEY UNITED CHURCH TRUSTEES AND REGULARLY COMMUNUICATES WITH THEM REGARDING THE TIMING AND AMOUNTS OF THE DISTRIBUTIONS THAT WILL BE PROVIDED AND PROVIDES THE OVERSIGHT THAT THE FUNDS WILL BE USED ONLY FOR THE PURPOSES AS DIRECTED BY THE TRUST. THIS TRUST HAS HAD IT'S 501(C)(3)TAX EXEMPT STATUS SINCE AUGUST 25, 1981 AND THEIR HAS BEEN AN ONGOING AND CONTINUING RELATIONSHIP BETWEEN THE TRUSTEE AND THE WESLEY UNITED CHURCH SINCE THAT TIME. THE WESLEY UNITED CHURCH HAS BEEN AND WILL CONTINUE TO BE THE SOLE RECIPIENT OF ALL OF THE DISTRIBUTIONS FROM THIS TRUST UNTIL THE WESLEY UNITED CHURCH IS TERMINATED.
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE WESLEY BOARD OF TRUSTEES DISTRIBUTE, MONITOR AND BUDGET ALL OF JACKSON TRUST'S PROCEEDS. THEY CLOSELY FOLLOW THE DIRECTIVES OF THE JACKSON TRUST. THE CBI BANK AND TRUST DEPARTMENT AS ACTING TRUSTEE OF THE JACKSON TRUST REVIEWS THE USE OF THE FUNDS AND MEETS ANNUALLY AND WHENEVER NEEDED WITH THE WESLEY BOARD OF TRUSTEES.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SCHEDULE R, PART II, LINE 1B = PRIMARY ACTIVITY IS TO BRING PEOPLE TO JESUS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1JON HOLTHE,SENIOR VICE PRESIDENT OF CBI BANK AND TRUST, ACTING AS TRUSTEE OF THE ROBERT S. JACKSON TRUST REVIEWS THE FORM 990 AND THEN SIGNS THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PAPER COPIES OF THE TRUST DOCUMENTS AND TRUSTEE REPORTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JONATHAN HOLTHE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SVP & STO
ReturnHeader/BusinessOfficerGrp/PhoneNum05632633131
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ROBERT S JACKSON TRUST
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O CBI BANK & TRUST
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ReturnHeader/PreparerPersonGrp/PhoneNum05632642727
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0VICKI A BECKEY
ReturnHeader/ReturnTs02024-06-10T14:59:48-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JONATHAN

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.69$0.00$7.69$0.17$0.28$0.10
2023Detailed filing. Detailed filing data is available for this year.$7.51$0.00$7.51$0.02$0.28$0.26
2022Detailed filing. Detailed filing data is available for this year.$7.22$0.00$7.22$0.05$0.30$0.25
2021Detailed filing. Detailed filing data is available for this year.$6.16$0.00$6.16$0.24$0.28$0.03
2020Detailed filing. Detailed filing data is available for this year.$6.14$0.00$6.14$0.37$0.24$0.13
2019Detailed filing. Detailed filing data is available for this year.$5.88$0.00$5.88$0.34$0.29$0.05
2018Detailed filing. Detailed filing data is available for this year.$5.41$0.00$5.41$0.19$0.41$0.22
2017Detailed filing. Detailed filing data is available for this year.$5.85$0.00$5.85$0.28$0.26$0.02
2016Detailed filing. Detailed filing data is available for this year.$5.68$0.00$5.68$0.20$0.27$0.07
2015Detailed filing. Detailed filing data is available for this year.$5.61$0.00$5.61$0.17$0.24$0.07
2014Detailed filing. Detailed filing data is available for this year.$5.86$0.00$5.86$0.24$0.20$0.04
2013Detailed filing. Detailed filing data is available for this year.$5.81$0.00$5.81$0.26$0.21$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.72$0.00$5.72$0.23
2011Summary only. Only limited summary data is available for this year.$5.55$0.00$5.55$0.28$0.22$0.06
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.33$0.00$5.33$0.25