Civic Intelligence

Otto Schoitz Foundation

990 • Fiscal year 2017 • EIN 81-1949053

Oct 01, 2016 to Sep 30, 2017 • Filed on Feb 08, 2018

Organization ProfileWWW.OTTOSCHOITZFOUNDATION.ORG
425 Cedar Street No 300BWaterloo, IA 50701

(319) 232-2870

Siviq Scores

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

Liabilities / Assets

3rd percentile

0.00x

Higher debt load relative to assets than 3% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Liabilities / Revenue

4th percentile

0.01x

Higher debt load relative to revenue than 4% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Net Margin

97th percentile

81%

Higher net margin than 97% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Top Officer Pay

4th percentile

$0

Higher top officer pay than 4% of similar nonprofits.

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

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Asset Growth

68th percentile

11%

Faster asset growth than 68% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Revenue Growth

1st percentile

-98%

Faster revenue growth than 1% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets3rd percentile

Assets

Up

$57,268,662

Up $5,476,436 (+11%) from 2016

Net Assets

Up

$57,261,659

Up $5,469,487 (+11%) from 2016

Liabilities

Up

$7,003

Up $6,949 (+12869%) from 2016

Revenue And Expenses
Liabilities / Revenue4th percentileNet Margin97th percentile

Revenue

Down

$1,227,041

Down $50,261,960 (-98%) from 2016

Expenses

Up

$231,132

Up $215,668 (+1395%) from 2016

Net Income

Down

$995,909

Down $50,477,628 (-98%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth68th percentile

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

$80M$60M$40M$20M$0Assets 2016: $51,792,226Liabilities 2016: $54Net Assets 2016: $51,792,1722016Assets 2017: $57,268,662Liabilities 2017: $7,003Net Assets 2017: $57,261,6592017Assets 2018: $59,218,701Liabilities 2018: $1,379,738Net Assets 2018: $57,838,9632018Assets 2019: $59,448,561Liabilities 2019: $2,729,840Net Assets 2019: $56,718,7212019Assets 2020: $60,079,015Liabilities 2020: $2,643,091Net Assets 2020: $57,435,9242020Assets 2021: $68,331,413Liabilities 2021: $2,459,372Net Assets 2021: $65,872,0412021Assets 2022: $57,256,021Liabilities 2022: $3,380,612Net Assets 2022: $53,875,4092022Assets 2023: $60,720,167Liabilities 2023: $2,511,097Net Assets 2023: $58,209,0702023Assets 2024: $70,066,615Liabilities 2024: $3,814,052Net Assets 2024: $66,252,5632024Assets 2025: $74,423,347Liabilities 2025: $4,054,981Net Assets 2025: $70,368,3662025

Highlighted filing

2017

Assets$57,268,662
Liabilities$7,003
Net Assets$57,261,659
Open 2017 Filing

Operations Trend

Revenue Growth1st percentile

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

$60M$40M$20M$0-$20MRevenue 2016: $51,489,001Expenses 2016: $15,464Net Income 2016: $51,473,5372016Revenue 2017: $1,227,041Expenses 2017: $231,132Net Income 2017: $995,9092017Revenue 2018: $1,643,476Expenses 2018: $2,789,822Net Income 2018: -$1,146,3462018Revenue 2019: $1,889,291Expenses 2019: $3,136,339Net Income 2019: -$1,247,0482019Revenue 2020: $1,651,275Expenses 2020: $2,602,726Net Income 2020: -$951,4512020Revenue 2021: $12,915,755Expenses 2021: $2,432,605Net Income 2021: $10,483,1502021Revenue 2022: $3,584,223Expenses 2022: $5,151,130Net Income 2022: -$1,566,9072022Revenue 2023: $1,173,025Expenses 2023: $3,055,079Net Income 2023: -$1,882,0542023Revenue 2024: $5,594,893Expenses 2024: $5,289,420Net Income 2024: $305,4732024Revenue 2025: $1,191,065Expenses 2025: $4,389,571Net Income 2025: -$3,198,5062025

Highlighted filing

2017

Revenue$1,227,041
Expenses$231,132
Net Income$995,909
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Feb 8, 2018
Return Version
2016v3.0
Gross Receipts
$1,227,041
Mission and Program Overview

Mission

Improve the health and well-being of the community and its individual members within the greater cedar valley region, defined as the geographical area within 30 miles from the center of waterloo, iowa.

Assist organizations in improving the health and wellbeing of the citizens they serve.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$46,465,492$57,031,006▲ $10,565,514
Savings and Temporary Cash Investments$5,032,395$210,241▼ $4,822,154
Cash and Non-Interest-Bearing Accounts$294,339$22,165▼ $272,174
Prepaid Expenses and Deferred Charges-$5,250-
Total Assets$51,792,226$57,268,662▲ $5,476,436
Liabilities
Accounts Payable and Accrued Expenses$54$7,003▲ $6,949
Total Liabilities$54$7,003▲ $6,949
Net Assets / Fund Balance
Unrestricted Net Assets$51,792,172$57,261,659▲ $5,469,487
Total Net Assets Fund Balance$51,792,172$57,261,659▲ $5,469,487
Total Liabilities and Net Assets / Fund Balance$51,792,226$57,268,662▲ $5,476,436
Compensation and Service Providers
Top Officer Pay4th percentile

Board Members and Trustees

NameTitle
Dennis ClarkChairman
Camille HoganVice Chair
Becky MuddDirector
Catherine YoungDirector
Donna NelsonDirector
Douglas StanfordDirector
Hugh FieldDirector
Robert PetersenDirector
Rudy JonesDirector
Michele PanicucciExecutve Director
Eric LockeSecretary
Mike MallaroTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$144,154
Program Service Revenue
$0
Investment Income
$1,082,887
Other Revenue
$0
All Other Contributions
$144,154
Change in Net Assets
$995,909
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$172,324
Salaries, Compensation, and Employee Benefits$58,808
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees-$100,801-$100,801
Current Officers, Directors, Trustees, and Key Employees$18,028$36,056-$54,084
Fees for Services Legal-$17,006-$17,006
Fees for Services Other-$12,115-$12,115
Information Technology-$11,357-$11,357
Office Expenses-$10,011-$10,011
Advertising-$9,537-$9,537
Occupancy-$7,233-$7,233
Payroll Taxes$1,379$2,758-$4,137
Fees for Services Accounting-$2,800-$2,800
Insurance-$765-$765
Conferences and Meetings-$699-$699
Other Employee Benefits$196$391-$587
Total Functional Expenses$19,603$211,529$0$231,132
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
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 copy of the form 990 was sent to the executive director for review. A final copy of the form 990 was sent to all board members prior to filing.”

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

“Board members sign a conflict of interest statement annually and it is kept on file. Any known conflicts are identified and addressed at board meetings held throughout the year.”

Form 990, Part VI, Section B, Line 15A

“The executive committee determines and approves the executive director's compensation based on an annual performance review and review of market data, including salary surveys. The performanc review and supporting data are included in the executive director's personnel file.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy and financial statements are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Otto Schoitz Foundation
EIN
81-1949053
Phone
3192322870
Address
425 CEDAR STREET NO 300B, WATERLOO, IA 50701

Signing Officer

Name
Michele Panicucci
Title
Executive Director
Phone
3192344471
Signed
2018-02-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michele Panicucci
Formed
2016
Legal Domicile
Ia
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
11

Preparer

Firm
Bergankdv Ltd
Address
PO BOX 2100, WATERLOO, IA 50704-2100
Preparer
David a Richter
Phone
3192346885
Raw XML Appendix382 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.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0DESCRIPTION: CASH DISTRIBUTION TO FORM FOUNDATION DATE: 08/01/16 AMOUNT: 50000000.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE OTTO SCHOITZ FOUNDATION WAS INCORPORATED 3/23/16 AND FILED AN INITIAL SHORT YEAR TAX RETURN FOR FISCAL YEAR ENDED 9/30/16.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART II, SHORT YEAR EXPLANATION:
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01452844
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01082887
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0180311
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IRS990ScheduleA/SubstantialContributorsTotAmt01398523
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0144154
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01308690
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01452844
IRS990ScheduleA/TotalSupportAmt02716042
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
IRS990/ScheduleBRequiredInd01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT COPY OF THE FORM 990 WAS SENT TO THE EXECUTIVE DIRECTOR FOR REVIEW. A FINAL COPY OF THE FORM 990 WAS SENT TO ALL BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY AND IT IS KEPT ON FILE. ANY KNOWN CONFLICTS ARE IDENTIFIED AND ADDRESSED AT BOARD MEETINGS HELD THROUGHOUT THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE COMMITTEE DETERMINES AND APPROVES THE EXECUTIVE DIRECTOR'S COMPENSATION BASED ON AN ANNUAL PERFORMANCE REVIEW AND REVIEW OF MARKET DATA, INCLUDING SALARY SURVEYS. THE PERFORMANC REVIEW AND SUPPORTING DATA ARE INCLUDED IN THE EXECUTIVE DIRECTOR'S PERSONNEL FILE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt057268662
IRS990/TotalAssetsGrp/BOYAmt051792226
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IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0144154
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0211529
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt019603
IRS990/TotalFunctionalExpensesGrp/TotalAmt0231132
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt054
IRS990/TotalLiabilitiesEOYAmt07003
IRS990/TotalLiabilitiesGrp/BOYAmt054
IRS990/TotalLiabilitiesGrp/EOYAmt07003
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt051792172
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt057261659
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt019603
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01082887
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01227041
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt011
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IRS990/TotReportableCompRltdOrgAmt00
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IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt051792172
IRS990/UnrestrictedNetAssetsGrp/EOYAmt057261659
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IRS990/VotingMembersGoverningBodyCnt011
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IRS990/WebsiteAddressTxt0WWW.OTTOSCHOITZFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHELE PANICUCCI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03192344471
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-02-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OTTO SCHOITZ FOUNDATION
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0108.178.221.43
ReturnHeader/FilingSecurityInformation/IPDt02018-02-08
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm008:05:00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411431613
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BERGANKDV LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 2100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WATERLOO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0507042100
ReturnHeader/PreparerPersonGrp/PhoneNum03192346885
ReturnHeader/PreparerPersonGrp/PreparationDt02018-02-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID A RICHTER
ReturnHeader/ReturnTs02018-02-13T09:51:41-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-10-01
ReturnHeader/TaxPeriodEndDt02017-09-30
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$57,268,662
Liabilities
$7,003
Net assets
$57,261,659
Revenue
$1,227,041
Expenses
$231,132
Net income
$995,909
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$74.4$4.05$70.4$1.19$4.39$3.20
2024Detailed filing. Detailed filing data is available for this year.$70.1$3.81$66.3$5.59$5.29$0.31
2023Detailed filing. Detailed filing data is available for this year.$60.7$2.51$58.2$1.17$3.06$1.88
2022Detailed filing. Detailed filing data is available for this year.$57.3$3.38$53.9$3.58$5.15$1.57
2021Detailed filing. Detailed filing data is available for this year.$68.3$2.46$65.9$12.9$2.43$10.5
2020Detailed filing. Detailed filing data is available for this year.$60.1$2.64$57.4$1.65$2.60$0.95
2019Detailed filing. Detailed filing data is available for this year.$59.4$2.73$56.7$1.89$3.14$1.25
2018Detailed filing. Detailed filing data is available for this year.$59.2$1.38$57.8$1.64$2.79$1.15
2017Detailed filing. Detailed filing data is available for this year.$57.3$0.01$57.3$1.23$0.23$1.00
2016Summary only. Only limited summary data is available for this year.$51.8$0.00$51.8$51.5$0.02$51.5