Civic Intelligence

Independence Community School District Veba Trust

990EZ • Fiscal year 2021 • EIN 46-4068261

Jul 01, 2020 to Jun 30, 2021 • Filed on Oct 01, 2021

Organization Profilewww.independence.k12.ia.us
1207 1st Street WestIndependence, IA 50644

(319) 334-7400

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2021

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2021

Net Margin

12th percentile

-810%

Higher net margin than 12% of similar nonprofits.

2021 filings • 501(c)9 • <$500k nonprofits • Source year 2021

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

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

2021 filings • 501(c)9 • <$500k nonprofits • Source year 2021

Asset Growth

33rd percentile

-13%

Faster asset growth than 33% of similar nonprofits.

2021 filings • 501(c)9 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

11th percentile

-98%

Faster revenue growth than 11% of similar nonprofits.

2021 filings • 501(c)9 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$102,873

Down $15,512 (-13%) from 2020

Net Assets

Down

$102,873

Down $15,512 (-13%) from 2020

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin12th percentile

Revenue

Down

$1,916

Down $101,481 (-98%) from 2020

Expenses

Down

$17,428

Down $62,857 (-78%) from 2020

Net Income

Down

-$15,512

Down $38,624 (-167%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

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

$200K$150K$100K$50K$0Assets 2014: $45,566Liabilities 2014: $0Net Assets 2014: $45,5662014Assets 2015: $46,123Liabilities 2015: $0Net Assets 2015: $46,1232015Assets 2016: $46,184Liabilities 2016: $0Net Assets 2016: $46,1842016Assets 2017: $56,463Liabilities 2017: $0Net Assets 2017: $56,4632017Assets 2018: $63,742Liabilities 2018: $0Net Assets 2018: $63,7422018Assets 2019: $95,273Liabilities 2019: $0Net Assets 2019: $95,2732019Assets 2020: $118,385Liabilities 2020: $0Net Assets 2020: $118,3852020Assets 2021: $102,873Net Assets 2021: $102,8732021Assets 2022: $165,700Net Assets 2022: $165,6992022Assets 2023: $152,613Net Assets 2023: $152,6132023Assets 2024: $160,098Net Assets 2024: $160,0982024Assets 2025: $164,446Net Assets 2025: $164,4462025

Highlighted filing

2021

Assets$102,873
Liabilities-
Net Assets$102,873
Open 2021 Filing

Operations Trend

Revenue Growth11th percentile

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

$150K$100K$50K$0-$50KRevenue 2014: $11,954Expenses 2014: $18,475Net Income 2014: -$6,5212014Revenue 2015: $12,435Expenses 2015: $11,878Net Income 2015: $5572015Revenue 2016: $15,725Expenses 2016: $15,664Net Income 2016: $612016Revenue 2017: $22,540Expenses 2017: $12,261Net Income 2017: $10,2792017Revenue 2018: $22,058Expenses 2018: $14,779Net Income 2018: $7,2792018Revenue 2019: $64,089Expenses 2019: $32,558Net Income 2019: $31,5312019Revenue 2020: $103,397Expenses 2020: $80,285Net Income 2020: $23,1122020Revenue 2021: $1,916Expenses 2021: $17,428Net Income 2021: -$15,5122021Revenue 2022: $81,067Expenses 2022: $18,241Net Income 2022: $62,8262022Revenue 2023: $1,971Expenses 2023: $15,058Net Income 2023: -$13,0872023Revenue 2024: $30,861Expenses 2024: $23,376Net Income 2024: $7,4852024Revenue 2025: $32,835Expenses 2025: $28,486Net Income 2025: $4,3492025

Highlighted filing

2021

Revenue$1,916
Expenses$17,428
Net Income-$15,512
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Oct 1, 2021
Return Version
2020v4.1
Gross Receipts
$1,916
Mission and Program Overview

Mission

Voluntary employees beneficiary association. The trust was formed for the sole purpose of funding retiree health care benefits to eligible plan participants.

Program Services

DescriptionGrantsExpenses
TOTAL EXPENSE IS COMPRISED OF HEALTH CARE BENEFITS PAID TO ELIGIBLE PARTICIPANTS. TOTAL REVENUE REPRESENTS THE ORGANIZATION S PROGRAM-RELATED CONTRIBUTIONS TO THE VEBA TRUST FOR THE PURPOSE OF FUNDING RETIREE HEALTH CARE BENEFITS TO ELIGIBLE PARTICIPANTS.-$17,428
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ERIC B SMITHBoard President-$0--
SHERRY KIRBYPayroll Manager-$0--
Filing and Contact Details

Filer

Filer Name
Independence Community School District Veba Trust
EIN
46-4068261
Phone
3193347400
Address
1207 1ST STREET WEST, INDEPENDENCE, IA 50644

Signing Officer

Name
Eric B Smith
Title
Board President
Phone
3193347400
Signed
2021-10-01
Discuss with paid preparer
Yes

Preparer

Firm
Midamerica Admin & Ret Solutions
Address
2855 INTERSTATE DRIVE 115, SUITE 115, LAKELAND, FL 33805
Preparer
Jarret Strawn
Phone
8136676077
Raw XML Appendix90 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.

Path#Value
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IRS990EZ/BenefitsPaidToOrForMembersAmt017428
IRS990EZ/BooksInCareOfDetail/PersonNm0MIDAMERICA ADMIN AND RET SOLUTIONS
IRS990EZ/BooksInCareOfDetail/PhoneNum08636884500
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt02855 INTERSTATE DR
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine2Txt0SUITE 115
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0LAKELAND
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd033805
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0118385
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0102873
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/ExcessOrDeficitForYearAmt0-15512
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
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IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InvestmentIncomeAmt01916
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0118385
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0102873
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0118385
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0102873
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ERIC B SMITH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1SHERRY KIRBY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0BOARD PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1PAYROLL MANAGER
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION. THE TRUST WAS FORMED FOR THE SOLE PURPOSE OF FUNDING RETIREE HEALTH CARE BENEFITS TO ELIGIBLE PLAN PARTICIPANTS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TOTAL EXPENSE IS COMPRISED OF HEALTH CARE BENEFITS PAID TO ELIGIBLE PARTICIPANTS. TOTAL REVENUE REPRESENTS THE ORGANIZATION S PROGRAM-RELATED CONTRIBUTIONS TO THE VEBA TRUST FOR THE PURPOSE OF FUNDING RETIREE HEALTH CARE BENEFITS TO ELIGIBLE PARTICIPANTS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt017428
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0IA
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TotalExpensesAmt017428
IRS990EZ/TotalProgramServiceExpensesAmt017428
IRS990EZ/TotalRevenueAmt01916
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TypeOfOrganizationTrustInd0X
IRS990EZ/WebsiteAddressTxt0www.independence.k12.ia.us
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ERIC B SMITH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Board President
ReturnHeader/BusinessOfficerGrp/PhoneNum03193347400
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INDEPENDENCE COMMUNITY SCHOOL DISTRICT VEBA TRUST
ReturnHeader/Filer/BusinessNameControlTxt0INDE
ReturnHeader/Filer/EIN0464068261
ReturnHeader/Filer/PhoneNum03193347400
ReturnHeader/Filer/USAddress/AddressLine1Txt01207 1ST STREET WEST
ReturnHeader/Filer/USAddress/CityNm0INDEPENDENCE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050644
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0593526224
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MIDAMERICA ADMIN & RET SOLUTIONS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02855 INTERSTATE DRIVE 115
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine2Txt0SUITE 115
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAKELAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033805
ReturnHeader/PreparerPersonGrp/PhoneNum08136676077
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JARRET STRAWN
ReturnHeader/ReturnTs02021-10-29T11:05:57-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ERIC
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SMITH
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$102,873
Liabilities
-
Net assets
$102,873
Revenue
$1,916
Expenses
$17,428
Net income
-$15,512
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.64$1.64$0.33$0.28$0.04
2024Detailed filing. Detailed filing data is available for this year.$1.60$1.60$0.31$0.23$0.07
2023Detailed filing. Detailed filing data is available for this year.$1.53$1.53$0.02$0.15$0.13
2022Detailed filing. Detailed filing data is available for this year.$1.66$1.66$0.81$0.18$0.63
2021Detailed filing. Detailed filing data is available for this year.$1.03$1.03$0.02$0.17$0.16
2020Summary only. Only limited summary data is available for this year.$1.18$0.00$1.18$1.03$0.80$0.23
2019Summary only. Only limited summary data is available for this year.$0.95$0.00$0.95$0.64$0.33$0.32
2018Summary only. Only limited summary data is available for this year.$0.64$0.00$0.64$0.22$0.15$0.07
2017Summary only. Only limited summary data is available for this year.$0.56$0.00$0.56$0.23$0.12$0.10
2016Summary only. Only limited summary data is available for this year.$0.46$0.00$0.46$0.16$0.16$0.00
2015Summary only. Only limited summary data is available for this year.$0.46$0.00$0.46$0.12$0.12$0.01
2014Summary only. Only limited summary data is available for this year.$0.46$0.00$0.46$0.12$0.18$0.07