Civic Intelligence

Ales Foundation

990 • Fiscal year 2020 • EIN 84-2260420

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 11, 2021

Organization ProfileN/A
1101 West 9th Street No 202Davenport, IA 52804

(417) 248-0044

Siviq Scores

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

Liabilities / Assets

24th percentile

0.01x

Higher debt load relative to assets than 24% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

20th percentile

0.01x

Higher debt load relative to revenue than 20% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

99th percentile

99%

Higher net margin than 99% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Balance Sheet
Liabilities / Assets24th percentile

Assets

$3,400,078

No earlier filing loaded for comparison.

Net Assets

$3,375,078

No earlier filing loaded for comparison.

Liabilities

$25,000

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue20th percentileNet Margin99th percentile

Revenue

$3,350,600

No earlier filing loaded for comparison.

Expenses

$25,524

No earlier filing loaded for comparison.

Net Income

$3,325,076

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$15M$10M$5.0M$0Assets 2020: $3,400,078Liabilities 2020: $25,000Net Assets 2020: $3,375,0782020Assets 2021: $7,357,021Liabilities 2021: $25,000Net Assets 2021: $7,332,0212021Assets 2022: $11,536,728Liabilities 2022: $25,000Net Assets 2022: $11,511,7282022Assets 2023: $11,825,969Liabilities 2023: $33,006Net Assets 2023: $11,792,9632023Assets 2024: $13,437,454Liabilities 2024: $122,299Net Assets 2024: $13,315,1552024

Highlighted filing

2020

Assets$3,400,078
Liabilities$25,000
Net Assets$3,375,078
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$6.0M$4.0M$2.0M$0Revenue 2020: $3,350,600Expenses 2020: $25,524Net Income 2020: $3,325,0762020Revenue 2021: $4,030,092Expenses 2021: $74,069Net Income 2021: $3,956,0232021Revenue 2022: $3,870,775Expenses 2022: $76,997Net Income 2022: $3,793,7782022Revenue 2023: $289,235Expenses 2023: $8,000Net Income 2023: $281,2352023Revenue 2024: $1,522,295Expenses 2024: $103Net Income 2024: $1,522,1922024

Highlighted filing

2020

Revenue$3,350,600
Expenses$25,524
Net Income$3,325,076
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 11, 2021
Return Version
2020v4.1
Gross Receipts
$3,350,600
Mission and Program Overview

Mission

Organized to develop, build, own and operate housing projects that relieve the aged, poor, and/or distressed who are otherwise unable to secure adequate housing, and further to use a portion of the net income from such activities to fund scholarships for the poor and distressed.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$50,000$3,400,000▲ $3,350,000
Rtn Earn Endowment Incm Other Fnds$50,002$3,375,078▲ $3,325,076
Cash and Non-Interest-Bearing Accounts$2$78▲ $76
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$50,002$3,400,078▲ $3,350,076
Liabilities
Unsecured Notes Loans Payable-$25,000-
Total Liabilities$0$25,000▲ $25,000
Net Assets / Fund Balance
Total Net Assets Fund Balance$50,002$3,375,078▲ $3,325,076
Total Liabilities and Net Assets / Fund Balance$50,002$3,400,078▲ $3,350,076

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$1,850,000--
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Elizabeth DelongDirector
Jerica PettitDirector
Chris AlesExecutive Director, CEO, COO, CFO, Sec/treas.
Revenue and Support

Revenue Composition

Contributions and Grants
$3,350,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$600
All Other Contributions
$3,350,000
Change in Net Assets
$3,325,076
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$20,874
Grants and Similar Amounts Paid$4,650
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$19,700-$19,700
Grants to Domestic Individuals$4,650--$4,650
Fees for Services Legal-$1,052-$1,052
Office Expenses-$122-$122
Total Functional Expenses$4,650$20,874$0$25,524
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
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
No
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 A, Line 2

“Chris ales - executive director, ceo, coo & cfo, is the father of jerica pettit - director.”

Form 990, Part VI, Section A, Line 2

“Chris alees - executive director, ceo, coo, & cfo and elizabeth long, director, have a business relationship.”

Form 990, Part VI, Section A, Line 2

“Chris alees - executive director, ceo, coo, & cfo and jerica pettit, director, have a business relationship.”

Form 990, Part VI, Section B, Line 11B

“The ceo and executive director will review the 990 and a copy will be emailed to board members for comment prior to it being filed.”

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

“Any director, principal officer, or member of a committee with governing board delegated powers is an interested person and is covered by the conflict of interest policy. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists.”

Form 990, Part VI, Section C, Line 19

“The governing documents are available on request as are the financial statements. The conflict of interest policy is available upon request.”

Filing and Contact Details

Filer

Filer Name
Ales Foundation
EIN
84-2260420
Phone
4172480044
Address
1101 WEST 9TH STREET NO 202, DAVENPORT, IA 52804

Signing Officer

Name
Chris Ales
Title
CEO & Executive Director
Phone
4172480044
Signed
2021-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Ales
Formed
2019
Legal Domicile
Ia
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Deloitte Tax Llp
Address
50 SOUTH SIXTH STREET, MINNEAPOLIS, MN 55402
Preparer
Anna Kolakaluri
Phone
6123974000
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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CHRIS ALES - EXECUTIVE DIRECTOR, CEO, COO & CFO, IS THE FATHER OF JERICA PETTIT - DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CHRIS ALEES - EXECUTIVE DIRECTOR, CEO, COO, & CFO AND ELIZABETH LONG, DIRECTOR, HAVE A BUSINESS RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CHRIS ALEES - EXECUTIVE DIRECTOR, CEO, COO, & CFO AND JERICA PETTIT, DIRECTOR, HAVE A BUSINESS RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CEO AND EXECUTIVE DIRECTOR WILL REVIEW THE 990 AND A COPY WILL BE EMAILED TO BOARD MEMBERS FOR COMMENT PRIOR TO IT BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ANY DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS IS AN INTERESTED PERSON AND IS COVERED BY THE CONFLICT OF INTEREST POLICY. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GOVERNING DOCUMENTS ARE AVAILABLE ON REQUEST AS ARE THE FINANCIAL STATEMENTS. THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
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IRS990/USAddress/ZIPCd052804
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
IRS990/WrittenPolicyOrProcedureInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CHRIS ALES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO & EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04172480044
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALES FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0ALES
ReturnHeader/Filer/EIN0842260420
ReturnHeader/Filer/PhoneNum04172480044
ReturnHeader/Filer/USAddress/AddressLine1Txt01101 WEST 9TH STREET NO 202
ReturnHeader/Filer/USAddress/CityNm0DAVENPORT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd052804
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0861065772
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DELOITTE TAX LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt050 SOUTH SIXTH STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MINNEAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055402
ReturnHeader/PreparerPersonGrp/PhoneNum06123974000
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANNA KOLAKALURI
ReturnHeader/ReturnTs02021-11-12T03:40:07-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CHRIS
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ALES
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$3,400,078
Liabilities
$25,000
Net assets
$3,375,078
Revenue
$3,350,600
Expenses
$25,524
Net income
$3,325,076
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$13.4$0.12$13.3$1.52$0.00$1.52
2023Detailed filing. Detailed filing data is available for this year.$11.8$0.03$11.8$0.29$0.01$0.28
2022Detailed filing. Detailed filing data is available for this year.$11.5$0.03$11.5$3.87$0.08$3.79
2021Detailed filing. Detailed filing data is available for this year.$7.36$0.03$7.33$4.03$0.07$3.96
2020Detailed filing. Detailed filing data is available for this year.$3.40$0.03$3.38$3.35$0.03$3.33