Civic Intelligence

Walter N Charles Trust

990 • Fiscal year 2019 • EIN 42-6326753

Jan 01, 2019 to Dec 31, 2019 • Filed on May 15, 2020

Organization ProfileN/A
PO Box 1700Iowa City, IA 52244-1700

(319) 248-5146

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

28th percentile

0.00x

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

94th percentile

63%

Higher net margin than 94% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

53rd percentile

$7,506

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 5.9% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

68th percentile

12%

Faster asset growth than 68% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

94th percentile

118%

Faster revenue growth than 94% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets27th percentile

Assets

Up

$728,904

Up $79,723 (+12%) from 2018

Net Assets

Up

$728,904

Up $79,723 (+12%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue28th percentileNet Margin94th percentile

Revenue

Up

$126,713

Up $68,637 (+118%) from 2018

Expenses

Down

$46,990

Down $862 (-1.8%) from 2018

Net Income

Up

$79,723

Up $69,499 (+680%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth68th percentile

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

$800K$600K$400K$200K$0Assets 2011: $604,653Liabilities 2011: $0Net Assets 2011: $604,6532011Assets 2012: $632,056Liabilities 2012: $0Net Assets 2012: $632,0562012Assets 2013: $670,888Liabilities 2013: $0Net Assets 2013: $670,8882013Assets 2014: $696,432Liabilities 2014: $0Net Assets 2014: $696,4322014Assets 2015: $665,055Liabilities 2015: $0Net Assets 2015: $665,0552015Assets 2016: $633,720Liabilities 2016: $0Net Assets 2016: $633,7202016Assets 2017: $638,957Liabilities 2017: $0Net Assets 2017: $638,9572017Assets 2018: $649,181Liabilities 2018: $0Net Assets 2018: $649,1812018Assets 2019: $728,904Liabilities 2019: $0Net Assets 2019: $728,9042019Assets 2020: $728,208Liabilities 2020: $0Net Assets 2020: $728,2082020Assets 2021: $760,778Liabilities 2021: $0Net Assets 2021: $760,7782021Assets 2022: $735,503Liabilities 2022: $0Net Assets 2022: $735,5032022Assets 2023: $737,847Liabilities 2023: $0Net Assets 2023: $737,8472023Assets 2024: $759,215Liabilities 2024: $0Net Assets 2024: $759,2152024

Highlighted filing

2019

Assets$728,904
Liabilities$0
Net Assets$728,904
Open 2019 Filing

Operations Trend

Revenue Growth94th percentile

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

$150K$100K$50K$0-$50KExpenses 2011: $37,5242011Expenses 2012: $39,6542012Revenue 2013: $78,573Expenses 2013: $39,741Net Income 2013: $38,8322013Revenue 2014: $68,493Expenses 2014: $42,949Net Income 2014: $25,5442014Revenue 2015: $47,721Expenses 2015: $79,098Net Income 2015: -$31,3772015Revenue 2016: $10,650Expenses 2016: $41,985Net Income 2016: -$31,3352016Revenue 2017: $50,258Expenses 2017: $44,411Net Income 2017: $5,8472017Revenue 2018: $58,076Expenses 2018: $47,852Net Income 2018: $10,2242018Revenue 2019: $126,713Expenses 2019: $46,990Net Income 2019: $79,7232019Revenue 2020: $47,091Expenses 2020: $47,787Net Income 2020: -$6962020Revenue 2021: $87,548Expenses 2021: $54,978Net Income 2021: $32,5702021Revenue 2022: $26,541Expenses 2022: $51,816Net Income 2022: -$25,2752022Revenue 2023: $51,881Expenses 2023: $49,537Net Income 2023: $2,3442023Revenue 2024: $71,883Expenses 2024: $50,515Net Income 2024: $21,3682024

Highlighted filing

2019

Revenue$126,713
Expenses$46,990
Net Income$79,723
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 15, 2020
Return Version
2019v5.0
Gross Receipts
$470,356
Mission and Program Overview

Mission

Support the american cancer society and the american national red cross.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$649,181$728,904▲ $79,723
Investments in Publicly Traded Securities$601,783$692,435▲ $90,652
Savings and Temporary Cash Investments$47,398$36,469▼ $10,929
Total Assets$649,181$728,904▲ $79,723
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$649,181$728,904▲ $79,723
Total Liabilities and Net Assets / Fund Balance$649,181$728,904▲ $79,723
Compensation and Service Providers
Top Officer Pay53rd percentile

Employees

NameTitleBaseTotal
Midwestone Bank Sandra Morrow VpTrustee$7,506$7,506
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$126,713
Other Revenue
$0
Change in Net Assets
$79,723
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$38,502
Salaries, Compensation, and Employee Benefits$5,630
Other Expenses$2,858
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$38,502--$38,502
Current Officers, Directors, Trustees, and Key Employees-$5,630-$5,630
Fees for Service Investment Mgmnt Fees-$1,877-$1,877
Fees for Services Accounting-$981-$981
Total Functional Expenses$38,502$8,488$0$46,990
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
American Cancer Society-501c3Required Income Dist$19,251
American Red Cross-501c3Annual Distribution$19,251
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 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
Yes
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, Page 6, Part VI, Line 11B

“Draft of form 990 is reviewed by sandra morrow vice president of trust services for midwestone bank, the institutional trustee. A copy of form 990 will also be provided to each of the two beneficiaries this organization supports.”

Form 990, Page 6, Part VI, Line 12C

“Midwestone bank, the institutional trustee, has a conflict of interest policy in place for all entities they manage. All conflicts are monitored thorugh their policies and procedures.”

Form 990, Page 6, Part VI, Line 15A

“Fees for the institutional trustee are computed per fixed schedule applied to all entities they manage. These fees are also approved by the iowa district court and the supported organizations before payment.”

Form 990, Page 6, Part VI, Line 19

“The institutional trustees policies and procedures would be available upon request. The governing documents are filed with the iowa district court on an annual basis. These are public records.”

Filing and Contact Details

Filer

Filer Name
Walter N Charles Trust
EIN
42-6326753
Phone
3192485146
Address
PO BOX 1700, IOWA CITY, IA 52244-1700

Signing Officer

Name
Midwestone Bank Sandra Morrow Vp
Title
Trustee
Phone
3192485146
Signed
2020-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Midwestone Bank Sandra Morrow Vp
Formed
1981
Legal Domicile
Ia
Voting Board Members
1
Independent Board Members
0
Employees
0

Preparer

Firm
Tdt Cpas and Advisors Pc
Address
317 HIGH AVE E, OSKALOOSA, IA 52577-2823
Preparer
Darcee M Ayers CPA
Phone
6416722523
Raw XML AppendixShowing 400 of 420 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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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0REQUIRED INCOME DIST
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1ANNUAL DISTRIBUTION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0AMERICAN CANCER SOCIETY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1AMERICAN RED CROSS
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IRS990ScheduleI/RecipientTable/RecipientEIN1530196605
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0DISTRIBUTIONS TO THESE NATIONAL CHARITIES ARE REQUIRED UNDER THE TRUST AGREEMENT WHICH CONTROLS THIS ORGANIZATION. NO FURTHER MONITORING HAS BEEN DEEMED NECESSARY.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DRAFT OF FORM 990 IS REVIEWED BY SANDRA MORROW VICE PRESIDENT OF TRUST SERVICES FOR MIDWESTONE BANK, THE INSTITUTIONAL TRUSTEE. A COPY OF FORM 990 WILL ALSO BE PROVIDED TO EACH OF THE TWO BENEFICIARIES THIS ORGANIZATION SUPPORTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MIDWESTONE BANK, THE INSTITUTIONAL TRUSTEE, HAS A CONFLICT OF INTEREST POLICY IN PLACE FOR ALL ENTITIES THEY MANAGE. ALL CONFLICTS ARE MONITORED THORUGH THEIR POLICIES AND PROCEDURES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FEES FOR THE INSTITUTIONAL TRUSTEE ARE COMPUTED PER FIXED SCHEDULE APPLIED TO ALL ENTITIES THEY MANAGE. THESE FEES ARE ALSO APPROVED BY THE IOWA DISTRICT COURT AND THE SUPPORTED ORGANIZATIONS BEFORE PAYMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE INSTITUTIONAL TRUSTEES POLICIES AND PROCEDURES WOULD BE AVAILABLE UPON REQUEST. THE GOVERNING DOCUMENTS ARE FILED WITH THE IOWA DISTRICT COURT ON AN ANNUAL BASIS. THESE ARE PUBLIC RECORDS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1AMERICAN CANCER SOCIETY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0530196605
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0DISASTER R
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1CURE CANCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt17
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0431 18TH STREET NW
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1250 WILLIAMS STREET NW
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WASHINGTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1ATLANTA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0DC
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IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
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IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt119251
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1CASH
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IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1AMERICAN CANCER SOCIETY
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IRS990/TaxablePartyNotificationInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt038502
IRS990/TotalFunctionalExpensesGrp/TotalAmt046990
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0126713
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IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0IOWA CITY
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IRS990/USAddress/ZIPCd052240
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IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02020-11-06 18:47:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MIDWESTONE BANK SANDRA MORROW VP
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum03192485146
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WALTER N CHARLES TRUST
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0MIDWESTONE BANK TRUSTEE
ReturnHeader/Filer/BusinessNameControlTxt0WALT
ReturnHeader/Filer/EIN0426326753
ReturnHeader/Filer/PhoneNum03192485146
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ReturnHeader/Filer/USAddress/CityNm0IOWA CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId030A3AC32C43CC14755240E8139B266A126685CAA

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$728,904
Liabilities
$0
Net assets
$728,904
Revenue
$126,713
Expenses
$46,990
Net income
$79,723
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.59$0.00$7.59$0.72$0.51$0.21
2023Detailed filing. Detailed filing data is available for this year.$7.38$0.00$7.38$0.52$0.50$0.02
2022Detailed filing. Detailed filing data is available for this year.$7.36$0.00$7.36$0.27$0.52$0.25
2021Detailed filing. Detailed filing data is available for this year.$7.61$0.00$7.61$0.88$0.55$0.33
2020Detailed filing. Detailed filing data is available for this year.$7.28$0.00$7.28$0.47$0.48$0.01
2019Detailed filing. Detailed filing data is available for this year.$7.29$0.00$7.29$1.27$0.47$0.80
2018Detailed filing. Detailed filing data is available for this year.$6.49$0.00$6.49$0.58$0.48$0.10
2017Detailed filing. Detailed filing data is available for this year.$6.39$0.00$6.39$0.50$0.44$0.06
2016Detailed filing. Detailed filing data is available for this year.$6.34$0.00$6.34$0.11$0.42$0.31
2015Detailed filing. Detailed filing data is available for this year.$6.65$0.00$6.65$0.48$0.79$0.31
2014Detailed filing. Detailed filing data is available for this year.$6.96$0.00$6.96$0.68$0.43$0.26
2013Detailed filing. Detailed filing data is available for this year.$6.71$0.00$6.71$0.79$0.40$0.39
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.32$0.00$6.32$0.40
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.05$0.00$6.05$0.38