Civic Intelligence

South Central Community Foundation

990 • Fiscal year 2021 • EIN 48-1156704

Jan 01, 2021 to Dec 31, 2021 • Filed on Aug 17, 2022

114 W 5th StPratt, KS 67124

(620) 672-7929

Siviq Scores

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

Liabilities / Assets

50th percentile

0.17x

Higher debt load relative to assets than 50% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

90th percentile

2.33x

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

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

69th percentile

24%

Higher net margin than 69% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

18th percentile

$70,645

Higher top officer pay than 18% of similar nonprofits.

Top officer pay equals 4.6% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

54th percentile

12%

Faster asset growth than 54% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

98th percentile

697%

Faster revenue growth than 98% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Up

$21,596,931

Up $2,254,481 (+12%) from 2020

Net Assets

Down

$18,006,753

Down $1,334,947 (-6.9%) from 2020

Liabilities

Up

$3,590,178

Up $3,589,428 (+478590%) from 2020

Revenue

Up

$1,543,087

Up $1,349,469 (+697%) from 2020

Expenses

Up

$1,167,052

Up $354,221 (+44%) from 2020

Net Income

Up

$376,035

Up $995,248 (+161%) from 2020

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $10,605,836Liabilities 2010: $2,246,551Net Assets 2010: $8,359,2852010Assets 2011: $10,605,979Liabilities 2011: $1,919,265Net Assets 2011: $8,686,7142011Assets 2012: $11,705,721Liabilities 2012: $2,077,289Net Assets 2012: $9,628,4322012Assets 2013: $13,796,446Liabilities 2013: $2,828Net Assets 2013: $13,793,6182013Assets 2014: $14,693,699Liabilities 2014: $14,610Net Assets 2014: $14,679,0892014Assets 2015: $15,075,089Liabilities 2015: $2,511Net Assets 2015: $15,072,5782015Assets 2016: $15,895,123Liabilities 2016: $1,650Net Assets 2016: $15,893,4732016Assets 2017: $18,031,100Liabilities 2017: $2,151Net Assets 2017: $18,028,9492017Assets 2018: $17,109,942Liabilities 2018: $15,189Net Assets 2018: $17,094,7532018Assets 2019: $18,649,142Liabilities 2019: $1,000Net Assets 2019: $18,648,1422019Assets 2020: $19,342,450Liabilities 2020: $750Net Assets 2020: $19,341,7002020Assets 2021: $21,596,931Liabilities 2021: $3,590,178Net Assets 2021: $18,006,7532021Assets 2022: $23,654,300Liabilities 2022: $3,400,401Net Assets 2022: $20,253,8992022Assets 2023: $26,367,625Liabilities 2023: $4,049,657Net Assets 2023: $22,317,9682023Assets 2024: $28,101,587Liabilities 2024: $4,281,640Net Assets 2024: $23,819,9472024

Highlighted filing

2021

Assets$21,596,931
Liabilities$3,590,178
Net Assets$18,006,753

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $690,4242010Expenses 2011: $601,1012011Expenses 2012: $395,3682012Revenue 2013: $888,937Expenses 2013: $482,476Net Income 2013: $406,4612013Revenue 2014: $1,187,838Expenses 2014: $594,285Net Income 2014: $593,5532014Revenue 2015: $1,708,436Expenses 2015: $506,997Net Income 2015: $1,201,4392015Revenue 2016: $917,935Expenses 2016: $696,553Net Income 2016: $221,3822016Revenue 2017: $823,631Expenses 2017: $522,576Net Income 2017: $301,0552017Revenue 2018: $2,088,239Expenses 2018: $760,705Net Income 2018: $1,327,5342018Revenue 2019: $4,939,425Expenses 2019: $1,816,833Net Income 2019: $3,122,5922019Revenue 2020: $193,618Expenses 2020: $812,831Net Income 2020: -$619,2132020Revenue 2021: $1,543,087Expenses 2021: $1,167,052Net Income 2021: $376,0352021Revenue 2022: $6,002,003Expenses 2022: $949,390Net Income 2022: $5,052,6132022Revenue 2023: $1,514,828Expenses 2023: $1,046,280Net Income 2023: $468,5482023Revenue 2024: $2,198,428Expenses 2024: $1,711,102Net Income 2024: $487,3262024

Highlighted filing

2021

Revenue$1,543,087
Expenses$1,167,052
Net Income$376,035
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Aug 17, 2022
Return Version
2021v4.2
Gross Receipts
$1,543,087
Mission and Program Overview

Mission

To enrich the quality of life for people in the counties of barber, comanche, kingman, kiowa, pratt, rice and stafford.

To enrich the qualify of life for people in the counties of Barber, Comanche, Kingman, Kiowa, Pratt, Rice and Stafford.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$17,562,368$21,061,401▲ $3,499,033
Savings and Temporary Cash Investments$1,506,163--
Cash and Non-Interest-Bearing Accounts$29,819$295,530▲ $265,711
Land, Buildings, and Equipment, Net$244,100$240,000▼ $4,100
Total Assets$19,342,450$21,596,931▲ $2,254,481
Liabilities
Escrow Account Liability-$3,590,178-
Accounts Payable and Accrued Expenses$750--
Total Liabilities$750$3,590,178▲ $3,589,428
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$19,341,700$561,220▼ $18,780,480
Total Net Assets Fund Balance$19,341,700$18,006,753▼ $1,334,947
Total Liabilities and Net Assets / Fund Balance$19,342,450$21,596,931▲ $2,254,481

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0--
Other Land Buildings$0--
Land$240,000--
Equipment$0--
Leasehold Improvements$0--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$14,947,303$1,043,191▲ $1,753,446$-68,681$16,767,459
2020$14,471,355$68,742▲ $1,082,199-$14,947,303
2019$13,075,635$751,634▲ $2,314,142-$14,471,355
2018$13,807,207$790,431▼ $915,952-$13,075,635
2017$12,060,759$248,581▲ $1,954,286-$13,807,207
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Holly RooksExecutive DirectorFT$63,694$6,951$70,645

Board Members and Trustees

NameTitle
Seth FilbertChair
Lance DixonPast Chair
Hannah BrassVice Chair
Brad LingafelterDirector
Candy MurphyemberDirector
Chad PoreDirector
Derrick PloutzDirector
Hannah SalleeDirector
Jen SlaterDirector
Luke KumbergDirector
Mike RommeDirector
Tory TippDirector
Judy SchrockSecretary
Brenda FryTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,080,703
Program Service Revenue
$27,341
Investment Income
$435,043
Other Revenue
$0
All Other Contributions
$1,080,703
Change in Net Assets
$376,035

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1,307$100,979fair market value
Total Noncash Contributions1,307$100,979-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,543,087
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,448,859
Total Revenue per Audited Statements
$2,991,946
Total Revenue per Form 990
$1,543,087
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$929,868
Other Expenses$143,942
Salaries, Compensation, and Employee Benefits$93,242
Total Fundraising Expense$9,324
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$883,389--$883,389
Fees for Services Accounting-$95,397-$95,397
Current Officers, Directors, Trustees, and Key Employees-$57,325$6,369$63,694
Grants to Domestic Individuals$46,479--$46,479
Other Salaries and Wages-$14,017$1,558$15,575
Depreciation Depletion-$9,906-$9,906
Occupancy-$9,696-$9,696
Fees for Services Other$6,827--$6,827
Payroll Taxes-$5,458$606$6,064
Information Technology-$5,507-$5,507
Other Employee Benefits-$4,887$543$5,430
Office Expenses-$5,291-$5,291
Insurance-$4,278-$4,278
Other Expenses-$2,693-$2,693
Pension Plan Contributions-$2,231$248$2,479
Conferences and Meetings-$2,307-$2,307
Fees for Services Legal$1,176--$1,176
Advertising-$493-$493
Travel-$371-$371
Total Functional Expenses$937,871$219,857$9,324$1,167,052

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,167,052
Total Expenses per Audited Statements$1,167,052
Total Expenses per Form 990$1,167,052
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ascension Lutheran ChurchWichita, KS501c3General Support$125,000
Pratt Community College FoundationPratt, KS501c3General Support$57,677
St John Hudson Community USD 350 Education FoundationSaint John, KS501c3General Support$57,000
Infant Crisis ServiceOklahoma City, OK501c3General Support$12,235
Rice County Historical SocietyLyons, KSGovernmentGeneral Support$9,245
All Saints Episcopal ChurchPratt, KS501c3General Support$8,222
City of PrattPratt, KSGovernmentGeneral Support$8,222
Pratt County 4H FoundationPratt, KS501c3General Support$8,222
Pratt County Historical SocietyPratt, KS501c3General Support$8,222
Pratt Public LibraryPratt, KSGovernmentGeneral Support$8,222
Kingman Area Ministries IncKingman, KS501c3General Support$8,026
Pratt Community TheaterPratt, KS501c3General Support$6,020
Kansas State University FoundationMission, KS501c3General Support$6,000
Youth Core MinistriesGreensburg, KS501c3General Support$6,000
Kingman Mennonite ChurchKingman, KS501c3General Support$5,687
Sterling CollegeSterling, KSGovernmentGeneral Support$5,237
Calvary Baptist ChurchStafford, KS501c3General Support$5,000
Fairmount MinistriesWichita, KS501c3General Support$5,000
Great Plains Christian Radio IncMeade, KS501c3General Support$5,000
Kiowa County Economic DevelopmentGreensburg, KS501c3Childcare center equipment and curriculum$5,000
Passageways LtdWichita, KS501c3General Support$5,000
South Central Kansas Library FoundationMacksville, KS501c3General Support$5,000
Trinity Community ChurchHudson, KS501c3General Support$5,000
USD 254 Medicine Lodge SchoolsMedicine Lodge, KSGovernmentGeneral Support$5,000
USD 300 South Central SchoolsProtection, KSGovernmentGeneral Support$5,000
USD 349 Stafford SchoolsStafford, KSGovernmentBuilding health habits$5,000
USD 382 Pratt SchoolsPratt, KSGovernmentDrink water stay healthy$5,000
USD 401 Chase Raymond SchoolsChase, KSGovernmentCycling into new opportunities$5,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
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

A draft of IRS Form 990 is provided to all board members for review and approval prior to filing.

Form 990, Part VI, Section B, Line 12C

Board members annually disclose their interests and notify the Foundation if there are any new conflicts during the year.

Form 990, Part VI, Section B, Line 15

Annually, determination of the executive director's compensation is reviewed by the governing body.

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
South Central Community Foundation
EIN
48-1156704
Phone
6206727929
Address
114 W 5th St, Pratt, KS 67124

Signing Officer

Name
Holly Rooks
Title
Executive Director
Phone
6206727929
Signed
2022-08-17

Organization Details

Formed
1994
Legal Domicile
Ks
Voting Board Members
14
Independent Board Members
14
Employees
3
Volunteers
80

Preparer

Firm
Kientz & Penick CPAs LLC
Address
4645 Sunflower Slope Dr, Manhattan, KS 66502
Preparer
Eric Kientz
Phone
7858177716
Supplemental Narrative

Additional Explanations

Form 990, Part X, Lines 21, 27, and 28 and Part XI, Line 8

During 2021, the Foundation determined that $3,159,841 of agency fund liabilities were previously reported at December 31, 2020 as part of net assets. This amount has been corrected through a prior period adjustment.

Form 990, Part X, Lines 27 and 28

During 2021, the Foundation determined that net assets were not properly classified in previous tax years. The majority of the Foundation's funds are maintained with donor restrictions and have been reclassified in the current tax year column of this return filing.

Financial Statement Notes

Part IV, Line 2B: Agency Fund Liabilities

The Foundation operates agency funds on behalf of qualifying charitable organizations. Once a fund agreement is in place with an organization, the Foundation will receive funds from the organization and invest the funds. Use of the invested funds is subject to the same policies as other funds at the Foundation, such as investment, grant-writing, and spending policies.

Part V, Line 1E: Endowment Fund - Prior Period Adjustment

During 2021, the Foundation determined that the previously reported tax year 2020 ending balance of endowment funds was understated by $68,681. This amount has been included in the current tax year 2021 column, line 1e such that the 2021 ending balance is properly stated.

Part V, Line 4: Endowment Funds

The Foundation's endowment consists of a series of individual funds established for a variety of purposes. Its endowment consists exclusively of board-designated and donor-restricted funds. As required by generally accepted accounting principles, net assets associated with endowment funds are classified and reported based on the existence or absence of donor imposed restrictions.

Part X, Line 2: Statement on Uncertain Tax Positions

The Foundation is organized as a Kansas nonprofit corporation and has been recognized by the IRS as exempt from federal income taxes under IRC Section 501(a) as an organization described in IRC Section 501(c)(3). Further, the Foundation qualifies for the charitable contribution deduction under IRC Sections 170(b)(1)(A)(vi) and (viii) and has been determined not to be a private foundation under IRC Sections 509(a)(1). The Foundation is annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. In addition, the Foundation is subject to income tax on net income that is derived from business activities that are unrelated to its exempt purposes. For the year ended December 31, 2021, the Foundation has determined that it is not subject to unrelated business income tax and has not filed an Exempt Organization Business Income Tax Return (Form 990-T) with the IRS. Returns filed by the Foundation are subject to IRS examination, generally for three years after each return is filed. No taxing authorities have commenced income tax examinations for open tax years.

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.1$4.28$23.8$2.20$1.71$0.49
2023Summary only. Only limited summary data is available for this year.$26.4$4.05$22.3$1.51$1.05$0.47
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.7$3.40$20.3$6.00$0.95$5.05
2021Detailed filing. Detailed filing data is available for this year.$21.6$3.59$18.0$1.54$1.17$0.38
2020Summary only. Only limited summary data is available for this year.$19.3$0.00$19.3$0.19$0.81$0.62
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.6$0.00$18.6$4.94$1.82$3.12
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.1$0.02$17.1$2.09$0.76$1.33
2017Summary only. Only limited summary data is available for this year.$18.0$0.00$18.0$0.82$0.52$0.30
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.9$0.00$15.9$0.92$0.70$0.22
2015Detailed filing. Detailed filing data is available for this year.$15.1$0.00$15.1$1.71$0.51$1.20
2014Detailed filing. Detailed filing data is available for this year.$14.7$0.01$14.7$1.19$0.59$0.59
2013Detailed filing. Detailed filing data is available for this year.$13.8$0.00$13.8$0.89$0.48$0.41
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.7$2.08$9.63$0.40
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.6$1.92$8.69$0.60
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.6$2.25$8.36$0.69