Civic Intelligence

Denver Cyclone Scholarship Foundation

990 • Fiscal year 2020 • EIN 46-3240938

Jan 01, 2020 to Dec 31, 2020 • Filed on Sep 08, 2021

PO Box 202Denver, IA 50622

(319) 240-2327

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

15th percentile

0.00x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

14th percentile

-23%

Higher net margin than 14% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

53rd percentile

7.1%

Faster asset growth than 53% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

60th percentile

6.3%

Faster revenue growth than 60% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$2,409,111

Up $159,021 (+7.1%) from 2019

Net Assets

Up

$2,409,111

Up $159,021 (+7.1%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Up

$84,755

Up $5,052 (+6.3%) from 2019

Expenses

Down

$104,529

Down $8,249 (-7.3%) from 2019

Net Income

Up

-$19,774

Up $13,301 (+40%) from 2019

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2013: $1,794,579Liabilities 2013: $0Net Assets 2013: $1,794,5792013Assets 2014: $1,888,165Liabilities 2014: $0Net Assets 2014: $1,888,1652014Assets 2015: $1,848,163Liabilities 2015: $0Net Assets 2015: $1,848,1632015Assets 2016: $1,948,931Liabilities 2016: $0Net Assets 2016: $1,948,9312016Assets 2017: $2,096,245Liabilities 2017: $0Net Assets 2017: $2,096,2452017Assets 2018: $2,009,808Liabilities 2018: $0Net Assets 2018: $2,009,8082018Assets 2019: $2,250,090Liabilities 2019: $0Net Assets 2019: $2,250,0902019Assets 2020: $2,409,111Liabilities 2020: $0Net Assets 2020: $2,409,1112020Assets 2021: $2,624,214Liabilities 2021: $0Net Assets 2021: $2,624,2142021Assets 2022: $2,237,597Liabilities 2022: $0Net Assets 2022: $2,237,5972022Assets 2023: $2,461,777Liabilities 2023: $0Net Assets 2023: $2,461,7772023Assets 2024: $2,630,637Liabilities 2024: $0Net Assets 2024: $2,630,6372024

Highlighted filing

2020

Assets$2,409,111
Liabilities$0
Net Assets$2,409,111

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2013: -$8,262Expenses 2013: $427Net Income 2013: -$8,6892013Revenue 2014: $77,430Expenses 2014: $33,823Net Income 2014: $43,6072014Revenue 2015: $104,276Expenses 2015: $57,589Net Income 2015: $46,6872015Revenue 2016: $81,044Expenses 2016: $79,020Net Income 2016: $2,0242016Revenue 2017: $81,590Expenses 2017: $87,219Net Income 2017: -$5,6292017Revenue 2018: $106,098Expenses 2018: $61,652Net Income 2018: $44,4462018Revenue 2019: $79,703Expenses 2019: $112,778Net Income 2019: -$33,0752019Revenue 2020: $84,755Expenses 2020: $104,529Net Income 2020: -$19,7742020Revenue 2021: $180,331Expenses 2021: $82,250Net Income 2021: $98,0812021Revenue 2022: $69,607Expenses 2022: $114,526Net Income 2022: -$44,9192022Revenue 2023: $182,557Expenses 2023: $104,237Net Income 2023: $78,3202023Revenue 2024: $331,030Expenses 2024: $118,649Net Income 2024: $212,3812024

Highlighted filing

2020

Revenue$84,755
Expenses$104,529
Net Income-$19,774
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Sep 8, 2021
Return Version
2020v4.1
Gross Receipts
$464,174
Mission and Program Overview

Mission

To provide scholarships to students in the denver, iowa community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,100,197$2,178,352▲ $78,155
Savings and Temporary Cash Investments$100,551$180,423▲ $79,872
Investments Other Securities$49,342$50,336▲ $994
Total Assets$2,250,090$2,409,111▲ $159,021
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,250,063$2,400,322▲ $150,259
Net Assets Without Donor Restrictions$27$8,789▲ $8,762
Total Net Assets Fund Balance$2,250,090$2,409,111▲ $159,021
Total Liabilities and Net Assets / Fund Balance$2,250,090$2,409,111▲ $159,021

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$2,250,064-▲ $244,958-$2,400,322
2019$1,997,695-▲ $271,758-$2,288,842
2018$2,092,753-▼ $45,593-$2,096,625
2017$1,944,253-▲ $209,691-$2,092,753
2016$1,830,508-▲ $137,810-$1,919,253
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mike PlacePresident
Kerri WilsonVice President
Charlotte NielsenDirector
Christopher CordayDirector
Dawn GraingerDirector
Deb FowlerDirector
Jamie FordeDirector
Kemalyn ScottDirector
Kim BuennekeDirector
Myrna SchumacherDirector
Nikki ValverdeDirector
Pat LeonhartDirector
Ryan SheridenDirector
Wendy MohlisDirector
Wanda BurkholderSecretary
Terri SeegersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$29,146
Program Service Revenue
$0
Investment Income
$55,609
Other Revenue
$0
All Other Contributions
$23,146
Change in Net Assets
$-19,774

Audited Revenue Reconciliation

Revenue per Audited Statements
$84,755
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$178,795
Total Revenue per Audited Statements
$263,550
Total Revenue per Form 990
$84,755
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$94,700
Other Expenses$9,829
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$94,700--$94,700
Insurance$1,349--$1,349
Other Expenses$612--$612
Office Expenses$501--$501
Total Functional Expenses$104,529$0$0$104,529

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$104,529
Total Expenses per Audited Statements$104,529
Total Expenses per Form 990$104,529
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
Fundraising Direct Expenses$0
Fundraising Gross Income$0
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
Backup withholding compliance
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 executive director and board chair person review the form 990 before it is filed.

Form 990, Part VI, Section C, line 18

The documents are available upon request.

Form 990, Part VI, Section C, line 19

The governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Denver Cyclone Scholarship Foundation
EIN
46-3240938
Phone
3192402327
Address
PO BOX 202, DENVER, IA 50622

Signing Officer

Name
Terri Seegers
Title
Treasurer
Phone
3192402327
Signed
2021-09-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terri Seegers
Formed
2013
Legal Domicile
Ia
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
25

Preparer

Firm
Keith Oltrogge CPA PC
Address
201 E Main St, Denver, IA 50622-0310
Preparer
Keith Oltrogge CPA PC
Phone
3199845292
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

The organization has an audit committee that reviews and takes responsibility for the information on the audit.

Financial Statement Notes

Part V, Line 4:

Scholarships for students in the denver, iowa community.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
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IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-19774
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0100551
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0180423
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt029146
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt024881
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt020808
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt024778
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt041955
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0141568
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt047299
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt066197
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt085290
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt056812
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt039089
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0294687
IRS990ScheduleA/PrivateFoundation170Ind0X
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.32450
IRS990ScheduleA/PublicSupportPY170Pct00.32900
IRS990ScheduleA/PublicSupportTotal170Amt0141568
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt029146
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt024881
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt020808
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt024778
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt041955
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0141568
IRS990ScheduleA/TotalSupportAmt0436255
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02250064
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02400322
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt094700
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0244958
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01997695
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02288842
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-19389
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0271758
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02092753
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02096625
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-49465
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-45593
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01944253
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02092753
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt061191
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0209691
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01830508
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01919253
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt049065
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0137810
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0104529
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0178795
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt0178795
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt084755
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIPS FOR STUDENTS IN THE DENVER, IOWA COMMUNITY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0104529
IRS990ScheduleD/TotalRevenuePerForm990Amt084755
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0263550
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0104529
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt094700
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt050
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FAIR MARKET VALUE
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0STUDENTS ARE REQUIRED TO SUBMIT GRADES/TRANSCRIPTS BEFORE THE SCHOLARSHIP AWARDS ARE PAID TO THE STUDENT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/AssistancePurposeTxt0SCHOLARSHIP
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/AssistancePurposeTxt1SCHOLARSHIP
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/AssistancePurposeTxt2SCHOLARSHIP
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/AssistancePurposeTxt3SCHOLARSHIP
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/AssistancePurposeTxt4SCHOLARSHIP
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/CashGrantAmt04500
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/CashGrantAmt14000
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/CashGrantAmt24000
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/CashGrantAmt3500
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/CashGrantAmt42500
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/PersonNm0ANNIE PLACE
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/PersonNm1GABRIELLE CORDAY
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/PersonNm2JADEN FORDE
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/PersonNm3ABIGAIL SHERIDAN
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/PersonNm4CONNOR CORDAY
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/RelationshipWithOrgTxt0CHILD OF BOARD MEMBER
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/RelationshipWithOrgTxt1CHILD OF BOARD MEMBER
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/RelationshipWithOrgTxt2CHILD OF BOARD MEMBER
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/RelationshipWithOrgTxt3CHILD OF BOARD MEMBER
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/RelationshipWithOrgTxt4CHILD OF BOARD MEMBER
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/TypeOfAssistanceTxt0CASH
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/TypeOfAssistanceTxt1CASH
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/TypeOfAssistanceTxt2CASH
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/TypeOfAssistanceTxt3CASH
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/TypeOfAssistanceTxt4CASH
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE DIRECTOR AND BOARD CHAIR PERSON REVIEW THE FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT REVIEWS AND TAKES RESPONSIBILITY FOR THE INFORMATION ON THE AUDIT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02250090
IRS990/TotalAssetsEOYAmt02409111
IRS990/TotalAssetsGrp/BOYAmt02250090

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