Civic Intelligence

Purple & Gray Foundation Inc.

990 • Fiscal year 2014 • EIN 45-5339253

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 12, 2015

Organization Profilewww.purpleandgray.org
520 Washington StreetBurlington, IA 52601

(319) 752-8899

Siviq Scores

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

Liabilities / Assets

13th percentile

0.00x

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

13th percentile

0.00x

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

80th percentile

22%

Higher net margin than 80% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets13th percentile

Assets

$362,960

No earlier filing loaded for comparison.

Net Assets

$362,960

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue13th percentileNet Margin80th percentile

Revenue

$1,601,524

No earlier filing loaded for comparison.

Expenses

$1,250,564

No earlier filing loaded for comparison.

Net Income

$350,960

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$500K$0-$500KAssets 2014: $362,960Liabilities 2014: $0Net Assets 2014: $362,9602014Assets 2015: $79,377Liabilities 2015: $417,125Net Assets 2015: -$337,7482015Assets 2016: $47,490Liabilities 2016: $135,243Net Assets 2016: -$87,7532016Assets 2017: $121,482Liabilities 2017: $0Net Assets 2017: $121,4822017Assets 2018: $4,485Liabilities 2018: $388,068Net Assets 2018: -$383,5832018Assets 2019: $2,376Liabilities 2019: $168,673Net Assets 2019: -$166,2972019Assets 2020: $19,510Liabilities 2020: $86,429Net Assets 2020: -$66,9192020Assets 2021: $2,577Liabilities 2021: $6,562Net Assets 2021: -$3,9852021Assets 2022: $51,734Liabilities 2022: $0Net Assets 2022: $51,7342022Assets 2023: $98,883Net Assets 2023: $98,8832023Assets 2024: $92,821Net Assets 2024: $92,8212024

Highlighted filing

2014

Assets$362,960
Liabilities$0
Net Assets$362,960
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$2.0M$1.0M$0-$1.0MRevenue 2014: $1,601,524Expenses 2014: $1,250,564Net Income 2014: $350,9602014Revenue 2015: $1,011,312Expenses 2015: $1,712,020Net Income 2015: -$700,7082015Revenue 2016: $293,699Expenses 2016: $43,704Net Income 2016: $249,9952016Revenue 2017: $251,442Expenses 2017: $42,207Net Income 2017: $209,2352017Revenue 2018: $333,335Expenses 2018: $838,400Net Income 2018: -$505,0652018Revenue 2019: $425,000Expenses 2019: $207,714Net Income 2019: $217,2862019Revenue 2020: $119,515Expenses 2020: $20,137Net Income 2020: $99,3782020Revenue 2021: $87,942Expenses 2021: $25,008Net Income 2021: $62,9342021Revenue 2022: $80,971Expenses 2022: $25,252Net Income 2022: $55,7192022Revenue 2023: $66,274Expenses 2023: $19,125Net Income 2023: $47,1492023Revenue 2024: $11,823Expenses 2024: $17,885Net Income 2024: -$6,0622024

Highlighted filing

2014

Revenue$1,601,524
Expenses$1,250,564
Net Income$350,960
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 12, 2015
Return Version
2014v5.0
Gross Receipts
$1,601,524
Mission and Program Overview

Mission

The purple and gray foundation mission is to assist burlington community school district in developing athletic programs and facilities at the school district.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$250,347-
Cash and Non-Interest-Bearing Accounts$6,873$111,875▲ $105,002
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$12,000$362,960▲ $350,960
Other Assets Total$5,127$738▼ $4,389
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$12,000$362,960▲ $350,960
Total Net Assets Fund Balance$12,000$362,960▲ $350,960
Total Liabilities and Net Assets / Fund Balance$12,000$362,960▲ $350,960
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
Kevin MuellerChairman
Tony HayesVice Chairman
William BaileyDirector
Kirk MassnerSecretary
Jerry CourtneyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,601,174
Program Service Revenue
$0
Investment Income
$350
Other Revenue
$0
All Other Contributions
$1,601,174
Change in Net Assets
$350,960

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
Other Non Cash Contri Table1$75,000Comparable Cost
Other Non Cash Contri Table1$11,464Comparable Cost
Other Non Cash Contri Table3$8,050Cost Value
Total Noncash Contributions5$94,514-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,151,957
Other Expenses$98,607
Total Fundraising Expense$68,208
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,151,957--$1,151,957
Fees for Services Accounting-$9,063-$9,063
Fees for Services Other-$6,859-$6,859
Travel-$3,526-$3,526
Insurance-$2,817-$2,817
All Other Expenses-$1,167-$1,167
Other Expenses-$746$68,208$746
Advertising-$130-$130
Interest$127--$127
Office Expenses-$100-$100
Total Functional Expenses$1,152,084$30,272$68,208$1,250,564
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Burlington Community SchoolBurlington, IA501(c)(3)To Upgrade the Athletic Field$1,057,443
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
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, Line 11B: Form 990 Review Process

“Upon finalization of the returns by the accounting firm; a draft copy is provided to the Treasurer for review and discussion with board members. After they have reviewed the return they will contact the accountant and authorize / approve the return for final assembly and release for signature and filing.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Board members on an annual basis will review the conflict policy and sign off acknowledging they have read this policy and are in compliance. The Board of directors Executive committee shall regularly and consistently monitor and enforce compliance with this policy by reviewing annual statements and taking such actions as are necessary for effective oversight.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“Any compensation of employee's will be reviewed and evaluated by the Board of Directors with the individual being evaluated required to recuse themselves from the process.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“Any compensation of employee's will be reviewed and evaluated by the Board of Directors with the individual being evaluated required to recuse themselves from the process.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The organization's governing documents, policies and financial statements are available upon request. Such request can be directed to the Executive Committee or by written request mailed to the organziations general address.”

Filing and Contact Details

Filer

Filer Name
Purple & Gray Foundation Inc
EIN
45-5339253
Phone
3197528899
Address
520 WASHINGTON STREET, BURLINGTON, IA 52601

Signing Officer

Name
Jerry Courtney
Title
Treasurer
Signed
2015-08-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jerry Courtney
Formed
2012
Legal Domicile
Ia
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
42

Preparer

Firm
TD&T CPAs and Advisors PC
Address
323 Jefferson Street, Burlington, IA 52601-5256
Preparer
Brian K Isom
Phone
3197539877
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt01057443
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt094514
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0DONATED MATERIALS BY LOCAL BUSINESS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO UPGRADE THE ATHLETIC FIELD
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BURLINGTON COMMUNITY SCHOOL
IRS990ScheduleI/RecipientTable/RecipientEIN0426037437
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0421 TERRACE DR
IRS990ScheduleI/RecipientTable/USAddress/CityNm0BURLINGTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd052601
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0Comparable cost
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0EXECUTIVE BOARD OVERSEES CONSTRUCTION AND DOCUMENTS ALL DONATIONS AND MATERIALS ARE USED FOR THE EXCLUSIVE PURPOSE OF RENOVATIONS TO THE ATHLETIC FACILITY FOR WHICH THIS ENTITY WAS FORMED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt11
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt23
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0BLDG PERMIT-FEE WAIVER
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1MAT'LS ELEC. INSTALL
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc2MATERIALS
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0COMPARABLE COST
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt1COMPARABLE COST
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt2COST VALUE
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IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd1X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd2X
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IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt175000
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt28050
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Upon finalization of the returns by the accounting firm; a draft copy is provided to the Treasurer for review and discussion with board members. After they have reviewed the return they will contact the accountant and authorize / approve the return for final assembly and release for signature and filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members on an annual basis will review the conflict policy and sign off acknowledging they have read this policy and are in compliance. The Board of directors Executive committee shall regularly and consistently monitor and enforce compliance with this policy by reviewing annual statements and taking such actions as are necessary for effective oversight.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Any compensation of employee's will be reviewed and evaluated by the Board of Directors with the individual being evaluated required to recuse themselves from the process.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Any compensation of employee's will be reviewed and evaluated by the Board of Directors with the individual being evaluated required to recuse themselves from the process.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization's governing documents, policies and financial statements are available upon request. Such request can be directed to the Executive Committee or by written request mailed to the organziations general address.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt012000
IRS990/TotalAssetsEOYAmt0362960
IRS990/TotalAssetsGrp/BOYAmt012000
IRS990/TotalAssetsGrp/EOYAmt0362960
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01601174
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt068208
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt030272
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01152084
IRS990/TotalFunctionalExpensesGrp/TotalAmt01250564
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt012000
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0362960
IRS990/TotalProgramServiceExpensesAmt01152084
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0350
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01601524
IRS990/TotalVolunteersCnt042
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt012000
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0362960
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ManagementAndGeneralAmt03526
IRS990/TravelGrp/TotalAmt03526
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt012000
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0362960
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0520 WASHINGTON STREET
IRS990/USAddress/CityNm0BURLINGTON
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd052601
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.purpleandgray.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JERRY COURTNEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-08-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PURPLE & GRAY FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0PURP
ReturnHeader/Filer/EIN0455339253
ReturnHeader/Filer/PhoneNum03197528899
ReturnHeader/Filer/USAddress/AddressLine1Txt0520 WASHINGTON STREET
ReturnHeader/Filer/USAddress/CityNm0BURLINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd052601
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TD&T CPAs and Advisors PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0323 Jefferson Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Burlington
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0526015256
ReturnHeader/PreparerPersonGrp/PhoneNum03197539877
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Brian K Isom

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$362,960
Liabilities
$0
Net assets
$362,960
Revenue
$1,601,524
Expenses
$1,250,564
Net income
$350,960
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.09$0.09$0.01$0.02$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.10$0.10$0.07$0.02$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.08$0.03$0.06
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.01$0.00$0.09$0.03$0.06
2020Detailed filing. Detailed filing data is available for this year.$0.02$0.09$0.07$0.12$0.02$0.10
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.17$0.17$0.43$0.21$0.22
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.39$0.38$0.33$0.84$0.51
2017Detailed filing. Detailed filing data is available for this year.$0.12$0.00$0.12$0.25$0.04$0.21
2016Detailed filing. Detailed filing data is available for this year.$0.05$0.14$0.09$0.29$0.04$0.25
2015Detailed filing. Detailed filing data is available for this year.$0.08$0.42$0.34$1.01$1.71$0.70
2014Detailed filing. Detailed filing data is available for this year.$0.36$0.00$0.36$1.60$1.25$0.35
Peer Organizations

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