Civic Intelligence

Iowa State Acacia Chapter Foundation

EIN 84-3719027 • 501(c)3 • Ankeny, IA

Profile

To provide scholarships for the members of the acacia fraternity chapter at iowa state university and reimburse the alumni board for educational-use expenses incurred in the operation of the chapter house.

834 South East Michael DrAnkeny, IA 50021-3671

acacia-website.vercel.app

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

35th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

88th percentile

46%

Higher net margin than 88% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

74th percentile

18%

Faster asset growth than 74% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

18th percentile

-20%

Faster revenue growth than 18% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$680,529

Up $101,359 (+18%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$680,529

Up $101,359 (+18%) from 2023

Revenue

Down

$126,604

Down $32,139 (-20%) from 2023

Expenses

Down

$68,343

Down $160 (-0.2%) from 2023

Net Income

Down

$58,261

Down $31,979 (-35%) from 2023

Trend Graphs

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2019: $1,150Liabilities 2019: $02019Assets 2020: $264,719Liabilities 2020: $0Net Assets 2020: $264,7192020Assets 2021: $324,780Liabilities 2021: $0Net Assets 2021: $324,7802021Assets 2022: $456,071Liabilities 2022: $0Net Assets 2022: $456,0712022Assets 2023: $579,170Liabilities 2023: $0Net Assets 2023: $579,1702023Assets 2024: $680,529Liabilities 2024: $0Net Assets 2024: $680,5292024

Highlighted filing

2024

Assets$680,529
Liabilities$0
Net Assets$680,529

Operations Trend

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

$600K$400K$200K$0Revenue 2019: $1,150Expenses 2019: $0Net Income 2019: $1,1502019Revenue 2020: $577,198Expenses 2020: $313,629Net Income 2020: $263,5692020Revenue 2021: $377,296Expenses 2021: $328,928Net Income 2021: $48,3682021Revenue 2022: $277,327Expenses 2022: $78,428Net Income 2022: $198,8992022Revenue 2023: $158,743Expenses 2023: $68,503Net Income 2023: $90,2402023Revenue 2024: $126,604Expenses 2024: $68,343Net Income 2024: $58,2612024

Highlighted filing

2024

Revenue$126,604
Expenses$68,343
Net Income$58,261

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 23, 2025
Return Version
2024v5.1
Gross Receipts
$126,604
Mission and Program Overview

Mission

To provide scholarships for the members of the acacia fraternity chapter at iowa state university and reimburse the alumni board for educational-use expenses incurred in the operation of the chapter house.

To provide scholarships for the members of acacia fraternity at iowa state university and to reimburse the acacians for educational-use expenses incurred in the operation of the chapter house

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$470,465$557,831▲ $87,366
Savings and Temporary Cash Investments$107,390$121,319▲ $13,929
Cash and Non-Interest-Bearing Accounts$1,315$1,379▲ $64
Total Assets$579,170$680,529▲ $101,359
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$470,425$641,156▲ $170,731
Net Assets Without Donor Restrictions$108,745$39,373▼ $69,372
Total Net Assets Fund Balance$579,170$680,529▲ $101,359
Total Liabilities and Net Assets / Fund Balance$579,170$680,529▲ $101,359

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$470,425$44,296▲ $43,110-$557,831
2023$350,321$87,246▲ $32,858-$470,425
2022$315,289$136,250▼ $101,217-$350,321
2021$16,284$303,781▼ $4,517-$315,289
2020-$16,025→ $0-$16,284
Compensation and Service Providers

Board Members and Trustees

NameTitle
James H DavisPresident
Roger KingeryVice President
Craig a BuskeAt Large Director
John T LynchAt Large Director
Randyl ElkinAt Large Director
Harold D Zarr JrSecretary Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$91,849
Program Service Revenue
$0
Investment Income
$34,755
Other Revenue
$0
All Other Contributions
$91,849
Change in Net Assets
$58,261
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$55,429
Other Expenses$12,914
Total Fundraising Expense$5,992
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$43,929--$43,929
Grants to Domestic Individuals$11,500--$11,500
Advertising--$5,992$5,992
Insurance$594--$594
Office Expenses$526--$526
Other Expenses-$20-$20
Total Functional Expenses$56,549$5,802$5,992$68,343
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The AcaciansUrbandale, IA501(c)(7)See Explanation Below$43,929
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 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 8B

The board does not have any standing or ad hoc committees at this time.

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

The tax return is shared with members of the board for their review and approval prior to the submission to our accountant for preparation of the electronic copy transmitted to the internal revenue service. The review and approval is recorded in the minutes of the meeting of the board.

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

At each meeting of the board a review is conducted for all contributions to ensure no conflict of interest arises from the acceptance of any donation to the foundatiion. Records of the discussion of the topic are recorded in the minutes of the meeting. No conflicts of interest have been identified in the past fiscal year

Form 990, Part VI, Section C, Line 18

A brochure is made available to all alumni informing them that they may receive a copy of the form 990 upon request. A written summary of the financial results for fiscal years 2022,2023 and 2024 is available on the isacf website. Quarterly summaries of the financial results of the isacf are mailed to the alumni on a quarterly basis.

Form 990, Part VI, Section C, Line 19

All current and relevant operating procedures of the foundation are available on its website for any person to access and/or print as they require. Printed copies will also be sent to any alumnus of the chapter at their request.

Form 990- Part VI Section C Line 18 Page 6

The foundation is currently working on developing a website. Once complete, copies of tax returns will be available on this website.

Form 990, Part VII Contact Addresses for Officers, Directors, Etc

James h davis - 27483 n 103rd way, scottsdale, az 85252. Roger kingery - 1822 168th st, earlham, ia 50072. Harold d zarr jr - 834 se michael dr, ankeny, ia 50023. Craig a buske - 17005 78th court n, maple grove, mn 55311. John t lynch - 5106 crane st, clear lake, ia 50428. Randyl elkin - 9722 221st st n, forest lake, mn 55025.

Filing and Contact Details

Filer

Filer Name
Iowa State Acacia Chapter Foundation
EIN
84-3719027
Phone
5152574683
Address
834 SOUTH EAST MICHAEL DR, ANKENY, IA 50021-3671

Signing Officer

Name
James H Davis
Title
President
Phone
5152574683
Signed
2025-04-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James H Davis
Formed
2019
Legal Domicile
Ia
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Hammond Travers & Tuttle Pc
Address
6263 N SCOTTSDALE RD STE 250, SCOTTSDALE, AZ 85250-5426
Preparer
Jerry L Tuttle CPA
Phone
4809982755
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

Part v line 4: named endowed accounts are used to generate earnings for the foundation which may then be paid out as academic scholarships to members of the acacia fraternity chapter at iowa state university who meet an objective set of criteria for those schlarships. Only the earnings may be paid as schlarships, none of the endowed funds may be spent. Part v line 4: the two board designated quasi-endowed accounts are used to generate income which is then ear-marked for specific purposes and may only be spent on those items. Specifically, earnings from one account are used to reimburse the acacians for educational-use expenses incurred in operating the chapter house for acacia fraternity at iowa state university. The second account is used to provide scholarship funds for members of the acacia fraternity chapter at iowa state university. Only the earnings may be used, none of the endowed funds may be spent.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PART V LINE 4: NAMED ENDOWED ACCOUNTS ARE USED TO GENERATE EARNINGS FOR THE FOUNDATION WHICH MAY THEN BE PAID OUT AS ACADEMIC SCHOLARSHIPS TO MEMBERS OF THE ACACIA FRATERNITY CHAPTER AT IOWA STATE UNIVERSITY WHO MEET AN OBJECTIVE SET OF CRITERIA FOR THOSE SCHLARSHIPS. ONLY THE EARNINGS MAY BE PAID AS SCHLARSHIPS, NONE OF THE ENDOWED FUNDS MAY BE SPENT. PART V LINE 4: THE TWO BOARD DESIGNATED QUASI-ENDOWED ACCOUNTS ARE USED TO GENERATE INCOME WHICH IS THEN EAR-MARKED FOR SPECIFIC PURPOSES AND MAY ONLY BE SPENT ON THOSE ITEMS. SPECIFICALLY, EARNINGS FROM ONE ACCOUNT ARE USED TO REIMBURSE THE ACACIANS FOR EDUCATIONAL-USE EXPENSES INCURRED IN OPERATING THE CHAPTER HOUSE FOR ACACIA FRATERNITY AT IOWA STATE UNIVERSITY. THE SECOND ACCOUNT IS USED TO PROVIDE SCHOLARSHIP FUNDS FOR MEMBERS OF THE ACACIA FRATERNITY CHAPTER AT IOWA STATE UNIVERSITY. ONLY THE EARNINGS MAY BE USED, NONE OF THE ENDOWED FUNDS MAY BE SPENT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
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IRS990ScheduleI/GrantRecordsMaintainedInd01
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0ACADEMIC SCHOLARSHIPS
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SEE EXPLANATION BELOW
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0THE ACACIANS
IRS990ScheduleI/RecipientTable/RecipientEIN0320575143
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 42362
IRS990ScheduleI/RecipientTable/USAddress/CityNm0URBANDALE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IA
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0PART II LINE 1:THE FOUNDATION REIMBURSED THE ACACIANS FOR EDUCATIONAL-USE EXPENSES INCURRED DURING THEIR 2022-2023 FISCAL YEAR. THE ACACIANS SUBMITTED THE REQUIRED DOCUMENTATION THAT DESCRIBED AND CLEARLY IDENTIFIED THE COSTS INCURRED THAT COULD BE LEGITIMATELY REIMBURSED BY THE FOUNDATION. PART III LINE 1: THE FOUNDATION PROVIDED ACADEMIC SCHOLARSHIPS TO FIVE INDIVIDUAL MEMBERS OF THE ACACIA FRATERNITY CHAPTER BASED ON THEIR ACADEMIC PERFORMANCE. THE AWARDS WERE GIVEN BASED ON THE REQUIREMENTS OF THE FOUNDATION AND/OR A SPECIFIC AGREEMENT WITH THE DONOR BASED ON OBJECTIVE PERAMETERS REQUIRED TO RECIEVE A SCHOLARSHIP.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART II, LINE 1:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD DOES NOT HAVE ANY STANDING OR AD HOC COMMITTEES AT THIS TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TAX RETURN IS SHARED WITH MEMBERS OF THE BOARD FOR THEIR REVIEW AND APPROVAL PRIOR TO THE SUBMISSION TO OUR ACCOUNTANT FOR PREPARATION OF THE ELECTRONIC COPY TRANSMITTED TO THE INTERNAL REVENUE SERVICE. THE REVIEW AND APPROVAL IS RECORDED IN THE MINUTES OF THE MEETING OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AT EACH MEETING OF THE BOARD A REVIEW IS CONDUCTED FOR ALL CONTRIBUTIONS TO ENSURE NO CONFLICT OF INTEREST ARISES FROM THE ACCEPTANCE OF ANY DONATION TO THE FOUNDATIION. RECORDS OF THE DISCUSSION OF THE TOPIC ARE RECORDED IN THE MINUTES OF THE MEETING. NO CONFLICTS OF INTEREST HAVE BEEN IDENTIFIED IN THE PAST FISCAL YEAR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A BROCHURE IS MADE AVAILABLE TO ALL ALUMNI INFORMING THEM THAT THEY MAY RECEIVE A COPY OF THE FORM 990 UPON REQUEST. A WRITTEN SUMMARY OF THE FINANCIAL RESULTS FOR FISCAL YEARS 2022,2023 AND 2024 IS AVAILABLE ON THE ISACF WEBSITE. QUARTERLY SUMMARIES OF THE FINANCIAL RESULTS OF THE ISACF ARE MAILED TO THE ALUMNI ON A QUARTERLY BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL CURRENT AND RELEVANT OPERATING PROCEDURES OF THE FOUNDATION ARE AVAILABLE ON ITS WEBSITE FOR ANY PERSON TO ACCESS AND/OR PRINT AS THEY REQUIRE. PRINTED COPIES WILL ALSO BE SENT TO ANY ALUMNUS OF THE CHAPTER AT THEIR REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FOUNDATION IS CURRENTLY WORKING ON DEVELOPING A WEBSITE. ONCE COMPLETE, COPIES OF TAX RETURNS WILL BE AVAILABLE ON THIS WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6JAMES H DAVIS - 27483 N 103RD WAY, SCOTTSDALE, AZ 85252. ROGER KINGERY - 1822 168TH ST, EARLHAM, IA 50072. HAROLD D ZARR JR - 834 SE MICHAEL DR, ANKENY, IA 50023. CRAIG A BUSKE - 17005 78TH COURT N, MAPLE GROVE, MN 55311. JOHN T LYNCH - 5106 CRANE ST, CLEAR LAKE, IA 50428. RANDYL ELKIN - 9722 221ST ST N, FOREST LAKE, MN 55025.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990- PART VI SECTION C LINE 18 PAGE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES H DAVIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05152574683
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IOWA STATE ACACIA CHAPTER FOUNDATION

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