Civic Intelligence

Lake Cooper Foundation

990EZ • Fiscal year 2020 • EIN 46-5696486

Jan 01, 2020 to Dec 31, 2020 • Filed on Feb 16, 2021

Organization Profile
728 Franklin StKeokuk, IA 52632

(319) 520-5209

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.27x

Higher debt load relative to assets than 83% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

90th percentile

0.50x

Higher debt load relative to revenue than 90% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

17th percentile

-31%

Higher net margin than 17% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

21st percentile

-17%

Faster asset growth than 21% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

18th percentile

-58%

Faster revenue growth than 18% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Down

$55,652

Down $11,724 (-17%) from 2019

Net Assets

Down

$40,869

Down $9,324 (-19%) from 2019

Liabilities

Down

$14,783

Down $2,400 (-14%) from 2019

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin17th percentile

Revenue

Down

$29,399

Down $40,304 (-58%) from 2019

Expenses

Down

$38,606

Down $27,468 (-42%) from 2019

Net Income

Down

-$9,207

Down $12,836 (-354%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

$100K$50K$0Assets 2018: $66,195Liabilities 2018: $19,440Net Assets 2018: $46,7552018Assets 2019: $67,376Liabilities 2019: $17,183Net Assets 2019: $50,1932019Assets 2020: $55,652Liabilities 2020: $14,783Net Assets 2020: $40,8692020Assets 2021: $66,231Liabilities 2021: $9,628Net Assets 2021: $56,6032021Assets 2022: $72,181Liabilities 2022: $6,853Net Assets 2022: $65,3282022Assets 2023: $77,705Liabilities 2023: $3,937Net Assets 2023: $73,7682023Assets 2024: $86,925Liabilities 2024: $872Net Assets 2024: $86,0532024

Highlighted filing

2020

Assets$55,652
Liabilities$14,783
Net Assets$40,869
Open 2020 Filing

Operations Trend

Revenue Growth18th percentile

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

$100K$50K$0-$50KRevenue 2018: $78,878Expenses 2018: $59,240Net Income 2018: $19,6382018Revenue 2019: $69,703Expenses 2019: $66,074Net Income 2019: $3,6292019Revenue 2020: $29,399Expenses 2020: $38,606Net Income 2020: -$9,2072020Revenue 2021: $72,819Expenses 2021: $59,601Net Income 2021: $13,2182021Revenue 2022: $96,541Expenses 2022: $74,816Net Income 2022: $21,7252022Revenue 2023: $79,270Expenses 2023: $70,830Net Income 2023: $8,4402023Revenue 2024: $74,019Expenses 2024: $61,733Net Income 2024: $12,2862024

Highlighted filing

2020

Revenue$29,399
Expenses$38,606
Net Income-$9,207
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Feb 16, 2021
Return Version
2020v4.0
Gross Receipts
$29,399
Mission and Program Overview

Mission

Bring back historical events

Program Services

DescriptionGrantsExpenses
BIG DAM STREET FESTIVAL-$12,327
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
DOUG MATLICKDirector-$0--
THOMAS BELLDirector-$0--
ROBERT KORSCHGENPresident Treasurer Secretary-$0--
Filing and Contact Details

Filer

Filer Name
Lake Cooper Foundation
EIN
46-5696486
Address
728 FRANKLIN ST, KEOKUK, IA 52632

Signing Officer

Name
Robert Korschgen
Title
President Trea
Phone
3195205209
Signed
2021-02-16
Discuss with paid preparer
Yes

Preparer

Firm
Taxes Plus
Address
2406 Main St, Keokuk, IA 52632
Preparer
Haley Hageman
Phone
3195247278
Supplemental Narrative

Additional Explanations

Description of other revenue Part I line 8

“Description amountbuilding rental 4,255”

Description of other expenses Part I line 16

“Description amountprogram services 15,911interest 677misc 575”

Other changes in net assets or fund balances Part I line 20

“Description amountprior year adjustment (117)”

Description of total liabilities Part II line 26

“Category beginning of year end of yearconnection bank loan 17,183 14,783”

Raw XML Appendix160 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0ROBERT KORSCHGEN
IRS990EZ/BooksInCareOfDetail/PhoneNum03195205209
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0728 FRANKLIN ST
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0KEOKUK
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd052632
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt041376
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt029652
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt010158
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-9207
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt067376
IRS990EZ/Form990TotalAssetsGrp/EOYAmt055652
IRS990EZ/GrossReceiptsAmt029399
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LandAndBuildingsGrp/BOYAmt026000
IRS990EZ/LandAndBuildingsGrp/EOYAmt026000
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt050193
IRS990EZ/NetAssetsOrFundBalancesEOYAmt040869
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt050193
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt040869
IRS990EZ/OccupancyRentUtltsAndMaintAmt020940
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0DOUG MATLICK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1THOMAS BELL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2ROBERT KORSCHGEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2PRESIDENT TREASURER SECRETARY
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt0-117
IRS990EZ/OtherExpensesTotalAmt017163
IRS990EZ/OtherRevenueTotalAmt04255
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0BRING BACK HISTORICAL EVENTS
IRS990EZ/PrintingPublicationsPostageAmt0503
IRS990EZ/ProgramServiceRevenueAmt014986
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0BIG DAM STREET FESTIVAL
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt012327
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt017183
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt014783
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt038606
IRS990EZ/TotalProgramServiceExpensesAmt012327
IRS990EZ/TotalRevenueAmt029399
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt010158
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt03825
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt015357
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt08954
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt05504
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt043798
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt014986
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt059778
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt054342
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt035037
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt010942
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0175085
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt04255
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt06100
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt04515
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt05819
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt05978
IRS990ScheduleA/OtherIncome509Grp/TotalAmt026667
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.89140
IRS990ScheduleA/PublicSupportPY509Pct00.90020
IRS990ScheduleA/PublicSupportTotal509Amt0218883
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt025144
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt063603
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt069699
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt043991
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt016446
IRS990ScheduleA/Total509Grp/TotalAmt0218883
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt029399
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt069703
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt074214
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt049810
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt022424
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0245550
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION AMOUNTBUILDING RENTAL 4,255
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION AMOUNTPROGRAM SERVICES 15,911INTEREST 677MISC 575
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION AMOUNTPRIOR YEAR ADJUSTMENT (117)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CATEGORY BEGINNING OF YEAR END OF YEARCONNECTION BANK LOAN 17,183 14,783
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other revenue Part I line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other changes in net assets or fund balances Part I line 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Description of total liabilities Part II line 26
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT KORSCHGEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT TREA
ReturnHeader/BusinessOfficerGrp/PhoneNum03195205209
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-02-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAKE COOPER FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0LAKE
ReturnHeader/Filer/EIN0465696486
ReturnHeader/Filer/USAddress/AddressLine1Txt0728 FRANKLIN ST
ReturnHeader/Filer/USAddress/CityNm0KEOKUK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd052632
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0421341788
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Taxes Plus
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02406 Main St
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Keokuk
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd052632
ReturnHeader/PreparerPersonGrp/PhoneNum03195247278
ReturnHeader/PreparerPersonGrp/PreparationDt02021-02-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HALEY HAGEMAN
ReturnHeader/ReturnTs02021-02-18T09:12:27-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ROBERT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KORSCHGEN
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$55,652
Liabilities
$14,783
Net assets
$40,869
Revenue
$29,399
Expenses
$38,606
Net income
-$9,207
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$86.9$0.87$86.1$74.0$61.7$12.3
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$77.7$3.94$73.8$79.3$70.8$8.44
2022Detailed filing. Detailed filing data is available for this year.$72.2$6.85$65.3$96.5$74.8$21.7
2021Detailed filing. Detailed filing data is available for this year.$66.2$9.63$56.6$72.8$59.6$13.2
2020Detailed filing. Detailed filing data is available for this year.$55.7$14.8$40.9$29.4$38.6$9.21
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$67.4$17.2$50.2$69.7$66.1$3.63
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$66.2$19.4$46.8$78.9$59.2$19.6