Civic Intelligence

Morning Sun Community School District Veba Trust

EIN 47-2316720 • 501(c)9 • Morning Sun, IA

Profile

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

311 Division StreetMorning Sun, IA 52640

www.mscsd.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

76th percentile

20%

Higher net margin than 76% of similar nonprofits.

501(c)9 • <$500k nonprofits • Source year 2024

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

501(c)9 • <$500k nonprofits • Source year 2024

Asset Growth

83rd percentile

5.1%

Faster asset growth than 83% of similar nonprofits.

501(c)9 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

99th percentile

830%

Faster revenue growth than 99% of similar nonprofits.

501(c)9 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$109,201

Up $5,310 (+5.1%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Up

$109,202

Up $5,311 (+5.1%) from 2023

Operations
Liabilities / RevenueScore unavailableNet Margin76th percentile

Revenue

Up

$26,616

Up $23,754 (+830%) from 2023

Expenses

Up

$21,305

Up $9,538 (+81%) from 2023

Net Income

Up

$5,311

Up $14,216 (+160%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth83rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2015: $98,542Liabilities 2015: $0Net Assets 2015: $98,5422015Assets 2016: $103,287Liabilities 2016: $0Net Assets 2016: $103,2872016Assets 2017: $78,111Liabilities 2017: $0Net Assets 2017: $78,1112017Assets 2018: $106,897Liabilities 2018: $0Net Assets 2018: $106,8972018Assets 2019: $138,539Liabilities 2019: $0Net Assets 2019: $138,5392019Assets 2020: $126,613Liabilities 2020: $0Net Assets 2020: $126,6132020Assets 2021: $121,754Net Assets 2021: $121,7542021Assets 2022: $112,796Net Assets 2022: $112,7972022Assets 2023: $103,891Net Assets 2023: $103,8912023Assets 2024: $109,201Net Assets 2024: $109,2022024

Highlighted filing

2024

Assets$109,201
Liabilities-
Net Assets$109,202
Open 2024 Filing

Operations Trend

Revenue Growth99th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60K$40K$20K$0-$20K-$40KRevenue 2015: $43,758Expenses 2015: $21,523Net Income 2015: $22,2352015Revenue 2016: $43,962Expenses 2016: $39,217Net Income 2016: $4,7452016Revenue 2017: $1,388Expenses 2017: $26,564Net Income 2017: -$25,1762017Revenue 2018: $36,004Expenses 2018: $7,218Net Income 2018: $28,7862018Revenue 2019: $36,552Expenses 2019: $4,910Net Income 2019: $31,6422019Revenue 2020: $1,795Expenses 2020: $13,721Net Income 2020: -$11,9262020Revenue 2021: $1,206Expenses 2021: $6,065Net Income 2021: -$4,8592021Revenue 2022: $1,152Expenses 2022: $10,109Net Income 2022: -$8,9572022Revenue 2023: $2,862Expenses 2023: $11,767Net Income 2023: -$8,9052023Revenue 2024: $26,616Expenses 2024: $21,305Net Income 2024: $5,3112024

Highlighted filing

2024

Revenue$26,616
Expenses$21,305
Net Income$5,311
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$109,201
Liabilities
-
Net assets
$109,202
Revenue
$26,616
Expenses
$21,305
Net income
$5,311
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.09$1.09$0.27$0.21$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.04$1.04$0.03$0.12$0.09
2022Detailed filing. Detailed filing data is available for this year.$1.13$1.13$0.01$0.10$0.09
2021Detailed filing. Detailed filing data is available for this year.$1.22$1.22$0.01$0.06$0.05
2020Summary only. Only limited summary data is available for this year.$1.27$0.00$1.27$0.02$0.14$0.12
2019Summary only. Only limited summary data is available for this year.$1.39$0.00$1.39$0.37$0.05$0.32
2018Summary only. Only limited summary data is available for this year.$1.07$0.00$1.07$0.36$0.07$0.29
2017Summary only. Only limited summary data is available for this year.$0.78$0.00$0.78$0.01$0.27$0.25
2016Summary only. Only limited summary data is available for this year.$1.03$0.00$1.03$0.44$0.39$0.05
2015Summary only. Only limited summary data is available for this year.$0.99$0.00$0.99$0.44$0.22$0.22
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 8, 2024
Return Version
2023v5.1
Gross Receipts
$26,616
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.

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.-$21,305
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MIKE PETERSONSuperintendent-$0--
KIM HAGGEBusiness Manager-$0--
Filing and Contact Details

Filer

Filer Name
Morning Sun Community School District Veba Trust
EIN
47-2316720
Phone
3198687701
Address
311 DIVISION STREET, MORNING SUN, IA 52640

Signing Officer

Name
Mike Peterson
Title
Superintendent
Phone
3198687701
Signed
2024-11-08
Discuss with paid preparer
Yes

Preparer

Firm
Midamerica Admin & Ret Solutions
Address
2855 INTERSTATE DRIVE 115, SUITE 115, LAKELAND, FL 33805
Preparer
David Schuler
Phone
8136676077
Raw XML Appendix89 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/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BenefitsPaidToOrForMembersAmt021305
IRS990EZ/BooksInCareOfDetail/PersonNm0MIDAMERICA ADMIN AND RETIREMENT SOL
IRS990EZ/BooksInCareOfDetail/PhoneNum08636884500
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt02855 INTERSTATE DR STE 115
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0LAKELAND
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd033805
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0103891
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0109201
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt023563
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/ExcessOrDeficitForYearAmt05311
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form1120PolFiledInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0103891
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0109201
IRS990EZ/GrossReceiptsAmt026616
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InvestmentIncomeAmt03053
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0103891
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0109202
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0103891
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0109201
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0MIKE PETERSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1KIM HAGGE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0SUPERINTENDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1BUSINESS 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/ProgramServiceExpensesAmt021305
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0IA
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TotalExpensesAmt021305
IRS990EZ/TotalProgramServiceExpensesAmt021305
IRS990EZ/TotalRevenueAmt026616
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TypeOfOrganizationTrustInd0X
IRS990EZ/WebsiteAddressTxt0www.mscsd.org
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MIKE PETERSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Superintendent
ReturnHeader/BusinessOfficerGrp/PhoneNum03198687701
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MORNING SUN COMMUNITY SCHOOL DISTRICT VEBA TRUST
ReturnHeader/Filer/BusinessNameControlTxt0MORN
ReturnHeader/Filer/EIN0472316720
ReturnHeader/Filer/PhoneNum03198687701
ReturnHeader/Filer/USAddress/AddressLine1Txt0311 DIVISION STREET
ReturnHeader/Filer/USAddress/CityNm0MORNING SUN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd052640
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
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/PreparerPersonNm0DAVID SCHULER
ReturnHeader/ReturnTs02024-11-15T21:30:46-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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