Winterset Community Educational Foundation
- Assets
- $733.1k
- Revenue
- $131.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Winterset, IA
- Founding
- 08/1988
- Data as of
- 06/2021
- EIN
- 42-1113061
Organization Overview
Winterset Community Educational Foundation is located in Winterset, IA. The organization was established in 1988. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Winterset Community Educational Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Winterset Community Educational Foundation generated $131.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $22.7k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ENRICHMENT PROGRAMS AND OTHER ENHANCEMENTS FOR WINTERSET SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEWSLETTERS WERE SENT TO CONTRIBUTORS AND TO ALUMNI OF THE SCHOOL SYSTEM TO ELICIT THEIR FINANCIAL AND VOLUNTEER SUPPORT FOR THE SCHOOL SYSTEM.
MINI GRANTS WERE PAID AND COMMITTED TO THE WINTERSET SCHOOLS FOR VARIOUS FIELD TRIPS AND PROJECTS.
SCHOLARSHIPS WERE GRANTED TO QUALIFYING HIGH SCHOOL SENIORS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Cowman President | OfficerTrustee | 1 | $0 |
Candace Dole Treasurer | OfficerTrustee | 1 | $0 |
Lori Ryner Secretary | OfficerTrustee | 1 | $0 |
Laura Barnes Trustee | Trustee | 1 | $0 |
Clarice Blanchard Trustee | Trustee | 1 | $0 |
Margaret Baur Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,207 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $67,956 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $79,163 |
| Total Program Service Revenue | $900 |
| Investment income | $51,782 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $131,845 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,250 |
| Grants and other assistance to domestic individuals. | $6,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $100 |
| Fees for services: Accounting | $198 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $121 |
| Information technology | $908 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $100 |
| All other expenses | $0 |
| Total functional expenses | $22,709 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,041 |
| Savings and temporary cash investments | $50,936 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $576,101 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $733,078 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,926 |
| Total liabilities | $2,926 |
| Net assets without donor restrictions | $150,244 |
| Net assets with donor restrictions | $579,908 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $733,078 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Winterset Community Educational Foundation has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Verano Fund Boston, MA PURPOSE: 2016 GRANT | $2,500 |
Endowment Analysis
| Beg. Balance | $427,841 |
| Earnings | $82,458 |
| Net Contributions | $75,609 |
| Grants | $6,000 |
| Ending Balance | $579,908 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oshkosh Area Community Foundation Corporation Oshkosh, WI | $140,509,815 | $17,534,681 |
Community Foundation Of Greater Dubuque Dubuque, IA | $145,486,240 | $37,640,315 |
Community Foundation Of Northern Illinois Rockford, IL | $141,924,845 | $12,064,778 |
Community Foundation Of Northeast Iowa Cedar Falls, IA | $163,015,524 | $24,241,546 |
West Central Initiative Fergus Falls, MN | $80,928,029 | $10,157,757 |
South Central Iowa Community Foundation Chariton, IA | $15,877,246 | $5,307,597 |
Waukesha County Community Foundation Inc Waukesha, WI | $76,894,981 | $24,718,378 |
Community Foundation Of The Fox River Valley Aurora, IL | $129,427,234 | $19,610,188 |
Community Foundation Of North Central Wisconsin Inc Wausau, WI | $90,468,531 | $15,305,164 |
Greater Omaha Chamber Foundation Omaha, NE | $10,667,972 | $5,354,190 |
Truman Heartland Community Foundation Independence, MO | $85,851,190 | $25,771,089 |
Rochester Area Foundation Rochester, MN | $45,116,721 | $11,703,419 |