Civic Intelligence

Lake Cooper Foundation

990EZ • Fiscal year 2023 • EIN 46-5696486

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 12, 2024

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

76th percentile

0.05x

Higher debt load relative to assets than 76% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

78th percentile

0.05x

Higher debt load relative to revenue than 78% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

63rd percentile

11%

Higher net margin than 63% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

61st percentile

7.7%

Faster asset growth than 61% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

26th percentile

-18%

Faster revenue growth than 26% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$77,705

Up $5,524 (+7.7%) from 2022

Net Assets

Up

$73,768

Up $8,440 (+13%) from 2022

Liabilities

Down

$3,937

Down $2,916 (-43%) from 2022

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin63rd percentile

Revenue

Down

$79,270

Down $17,271 (-18%) from 2022

Expenses

Down

$70,830

Down $3,986 (-5.3%) from 2022

Net Income

Down

$8,440

Down $13,285 (-61%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth61st 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

2023

Assets$77,705
Liabilities$3,937
Net Assets$73,768
Open 2023 Filing

Operations Trend

Revenue Growth26th 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

2023

Revenue$79,270
Expenses$70,830
Net Income$8,440
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 12, 2024
Return Version
2023v5.0
Gross Receipts
$79,270
Mission and Program Overview

Mission

Bring back historical events

Program Services

DescriptionGrantsExpenses
BIG DAM STREET FESTIVAL-$50,120
Compensation and Service Providers
Top Officer Pay78th 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
2024-04-12
Discuss with paid preparer
Yes

Preparer

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

Additional Explanations

Description of other revenue Part I line 8

“Description amountbuilding rental 5,343craft & vendor shows 315”

Description of other expenses Part I line 16

“Description amountdepreciation from 4562 1,017program services 53,683office expense 1,319craft shows 130”

Description of total liabilities Part II line 26

“Category beginning of year end of yearconnection bank loan 6,853 3,937”

Raw XML Appendix166 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/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/BOYAmt035842
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt035383
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt09117
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt08440
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0275
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt072181
IRS990EZ/Form990TotalAssetsGrp/EOYAmt077705
IRS990EZ/GrossReceiptsAmt079270
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LandAndBuildingsGrp/BOYAmt036339
IRS990EZ/LandAndBuildingsGrp/EOYAmt042322
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt065328
IRS990EZ/NetAssetsOrFundBalancesEOYAmt073768
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt065328
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt073768
IRS990EZ/OccupancyRentUtltsAndMaintAmt014306
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/OtherExpensesTotalAmt056149
IRS990EZ/OtherRevenueTotalAmt05658
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0BRING BACK HISTORICAL EVENTS
IRS990EZ/PrintingPublicationsPostageAmt0100
IRS990EZ/ProgramServiceRevenueAmt064495
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0BIG DAM STREET FESTIVAL
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt050120
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt06853
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt03937
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt070830
IRS990EZ/TotalProgramServiceExpensesAmt050120
IRS990EZ/TotalRevenueAmt079270
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt09117
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt02374
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt03962
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt010158
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt03825
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt029436
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt064496
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt089502
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt062077
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt014986
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt059778
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0290839
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt05658
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt04665
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt07930
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt04255
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt06100
IRS990ScheduleA/OtherIncome509Grp/TotalAmt028608
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.91800
IRS990ScheduleA/PublicSupportPY509Pct00.92010
IRS990ScheduleA/PublicSupportTotal509Amt0320275
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt073613
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt091876
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt066039
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt025144
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt063603
IRS990ScheduleA/Total509Grp/TotalAmt0320275
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt079271
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt096541
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt073969
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt029399
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt069703
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0348883
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION AMOUNTBUILDING RENTAL 5,343CRAFT & VENDOR SHOWS 315
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION AMOUNTDEPRECIATION FROM 4562 1,017PROGRAM SERVICES 53,683OFFICE EXPENSE 1,319CRAFT SHOWS 130
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CATEGORY BEGINNING OF YEAR END OF YEARCONNECTION BANK LOAN 6,853 3,937
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other revenue Part I line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of total liabilities Part II line 26
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT KORSCHGEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT TREA
ReturnHeader/BusinessOfficerGrp/PhoneNum03195205209
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-12
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/IRSResponsiblePrtyInfoCurrInd0true
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/PreparationDt02024-04-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HALEY SHAFFER
ReturnHeader/ReturnTs02024-04-23T16:04:02-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ROBERT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KORSCHGEN
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$77,705
Liabilities
$3,937
Net assets
$73,768
Revenue
$79,270
Expenses
$70,830
Net income
$8,440
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
2023Detailed filing. Detailed filing data is available for this year.$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
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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