South Central Iowa Community Foundation
- Assets
- $13.5m
- Revenue
- -$1.7m
- Investments
- $0.0
- Employees
- 2
- Location
- Chariton, IA
- Founding
- 08/1994
- Data as of
- 06/2022
- EIN
- 42-1411234
Organization Overview
South Central Iowa Community Foundation is located in Chariton, IA. The organization was established in 1994. 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. As of 06/2022, South Central Iowa Community Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Central Iowa Community Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2018, South Central Iowa Community Foundation has awarded 249 individual grants totaling $3,399,722. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE LIVES OF SOUTH CENTRAL IOWA COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO VARIOUS CHARITABLE AND COMMUNITY ORGANIZATIONS FOR SUPPORT OF COMMUNITY PROJECTS AND IMPROVEMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Ross President & CEO | OfficerTrustee | 40 | $68,936 |
Dennis Jeter Board Chair | OfficerTrustee | 1 | $0 |
Judy Hopkins Vice Chair | OfficerTrustee | 1 | $0 |
Erik Niggemeyer Secretary | OfficerTrustee | 1 | $0 |
Melissa Snell Treasurer | OfficerTrustee | 1 | $0 |
Ray Thurlby Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $126,790 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $126,790 |
| Total Program Service Revenue | $0 |
| Investment income | $238,235 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,076,529 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$1,711,504 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $370,938 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $55,300 |
| Compensation of current officers, directors, key employees. | $49,770 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,741 |
| Pension plan accruals and contributions | $2,917 |
| Other employee benefits | $17,373 |
| Payroll taxes | $5,278 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $51,540 |
| Fees for services: Accounting | $20,800 |
| 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 | $10,756 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,190 |
| Travel | $3,849 |
| 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 | $3,699 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $655,740 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $208,073 |
| Savings and temporary cash investments | $446,485 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $44,612 |
| 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 | $109,448 |
| Investments—publicly traded securities | $12,670,156 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,478,774 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $45,732 |
| 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 | $0 |
| Total liabilities | $45,732 |
| Net assets without donor restrictions | $13,433,042 |
| Net assets with donor restrictions | $0 |
| 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 | $13,478,774 |
Grants Awarded
Over the last fiscal year, South Central Iowa Community Foundation has awarded $296,094 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL DECATUR COMMUNITY SCHOOL PURPOSE: Community Projects | $8,411 |
CITY OF CHARITON PURPOSE: Community Projects | $15,040 |
CITY OF REDDING PURPOSE: Improvements | $9,000 |
DECATUR COUNTY FAIR BOARD PURPOSE: Endowments | $8,450 |
DIAGONAL COMMUNITY SCHOOL PURPOSE: Endowment | $10,900 |
EAST UNION DOLLARS FOR SCHOLARS PURPOSE: Scholarships | $7,400 |