Civic Intelligence

Denver Cyclone Scholarship Foundation

990 • Fiscal year 2021 • EIN 46-3240938

Jan 01, 2021 to Dec 31, 2021 • Filed on Sep 15, 2022

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

17th percentile

0.00x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

17th percentile

0.00x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

88th percentile

54%

Higher net margin than 88% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

49th percentile

8.9%

Faster asset growth than 49% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

89th percentile

113%

Faster revenue growth than 89% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$2,624,214

Up $215,103 (+8.9%) from 2020

Net Assets

Up

$2,624,214

Up $215,103 (+8.9%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Up

$180,331

Up $95,576 (+113%) from 2020

Expenses

Down

$82,250

Down $22,279 (-21%) from 2020

Net Income

Up

$98,081

Up $117,855 (+596%) from 2020

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

2021

Assets$2,624,214
Liabilities$0
Net Assets$2,624,214

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

2021

Revenue$180,331
Expenses$82,250
Net Income$98,081
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Sep 15, 2022
Return Version
2021v4.2
Gross Receipts
$463,392
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$2,178,352$2,334,460▲ $156,108
Savings and Temporary Cash Investments$180,423$238,772▲ $58,349
Investments Other Securities$50,336$50,982▲ $646
Total Assets$2,409,111$2,624,214▲ $215,103
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,400,322$2,604,264▲ $203,942
Net Assets Without Donor Restrictions$8,789$19,950▲ $11,161
Total Net Assets Fund Balance$2,409,111$2,624,214▲ $215,103
Total Liabilities and Net Assets / Fund Balance$2,409,111$2,624,214▲ $215,103

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$2,400,322---$2,400,322
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
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
Marv KramerDirector
Nikki ValverdeDirector
Pat LeonhartDirector
Ryan SheridenDirector
Wendy MohlisDirector
Wanda BurkholderSecretary
Terri SeegersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$54,510
Program Service Revenue
$0
Investment Income
$125,821
Other Revenue
$0
All Other Contributions
$41,250
Change in Net Assets
$98,081
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$70,750
Other Expenses$11,500
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$70,750--$70,750
Insurance$1,690--$1,690
Office Expenses$732--$732
Other Expenses$683--$683
Total Functional Expenses$82,250$0$0$82,250
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
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
2022-09-15
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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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt054510
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt029146
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt024881
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt020808
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt024778
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0154123
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt041443
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt047299
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt066197
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt085290
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt056812
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0297041
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.34160
IRS990ScheduleA/PublicSupportPY170Pct00.32450
IRS990ScheduleA/PublicSupportTotal170Amt0154123
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt054510
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt029146
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt024881
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt020808
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt024778
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0154123
IRS990ScheduleA/TotalSupportAmt0451164
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02400322
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02400322
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02250064
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02400322
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt094700
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0244958
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01997695
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02288842
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-19389
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0271758
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt02092753
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02096625
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-49465
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-45593
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01944253
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt02092753
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt061191
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0209691
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIPS FOR STUDENTS IN THE DENVER, IOWA COMMUNITY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt070750
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/CashGrantAmt01500
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/CashGrantAmt11250
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/CashGrantAmt2500
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/PersonNm0ANNIE PLACE
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/PersonNm1ISABELLA LAURES
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/PersonNm2ABIGAIL SHERIDAN
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/RelationshipWithOrgTxt0CHILD OF BOARD MEMBER
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/RelationshipWithOrgTxt1CHILD OF BOARD MEMBER
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/RelationshipWithOrgTxt2CHILD OF BOARD MEMBER
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/TypeOfAssistanceTxt0CASH
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/TypeOfAssistanceTxt1CASH
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/TypeOfAssistanceTxt2CASH
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/TotalAssetsBOYAmt02409111
IRS990/TotalAssetsEOYAmt02624214
IRS990/TotalAssetsGrp/BOYAmt02409111
IRS990/TotalAssetsGrp/EOYAmt02624214
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt054510
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt082250
IRS990/TotalFunctionalExpensesGrp/TotalAmt082250
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02409111
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02624214
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt082250
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt041443
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt084378
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0180331
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02409111
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02624214

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