South Central Iowa Community Foundation
- Assets
- $15.9m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 5
- Location
- Chariton, IA
- Founding
- 08/1994
- Data as of
- 06/2021
- 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 06/2021, South Central Iowa Community Foundation employed 5 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.
For the year ending 06/2021, South Central Iowa Community Foundation generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.1% each year . All expenses for the organization totaled $7.5m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, South Central Iowa Community Foundation has awarded 353 individual grants totaling $4,707,996. 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
2021
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 | $80,000 |
Dennis Jeter Board Chair | OfficerTrustee | 1 | $0 |
Pennie Cheers Vice-Chair | OfficerTrustee | 1 | $0 |
Ray Thurlby Secretary | OfficerTrustee | 1 | $0 |
Barb Stephens Treasurer | OfficerTrustee | 1 | $0 |
Mike Frost Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $760,272 |
| All other contributions, gifts, grants, and similar amounts not included above | $498,057 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,258,329 |
| Total Program Service Revenue | $0 |
| Investment income | $250,829 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,798,439 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,307,597 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,150,084 |
| 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. | $80,402 |
| Compensation of current officers, directors, key employees. | $72,362 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,093 |
| Pension plan accruals and contributions | $4,870 |
| Other employee benefits | $16,660 |
| Payroll taxes | $10,641 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $51,225 |
| Fees for services: Accounting | $18,967 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $624 |
| Office expenses | $13,995 |
| Information technology | $21,722 |
| Royalties | $0 |
| Occupancy | $3,286 |
| Travel | $1,792 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,202 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,672 |
| Insurance | $3,398 |
| All other expenses | $0 |
| Total functional expenses | $7,512,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,817 |
| Savings and temporary cash investments | $567,370 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $50,123 |
| 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 | $112,962 |
| Investments—publicly traded securities | $15,084,974 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,877,246 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $76,961 |
| 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 | $76,961 |
| Net assets without donor restrictions | $15,800,285 |
| 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 | $15,877,246 |
Grants Awarded
Over the last fiscal year, South Central Iowa Community Foundation has awarded $376,361 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
DECATUR COUNTY CONSERVATION BOARD PURPOSE: Building | $28,961 |
RINGGOLD COUNTY CONSERVATION BOARD PURPOSE: Matching Grant | $25,900 |
Leon, IA PURPOSE: Building | $25,000 |
Mount Ayr, IA PURPOSE: Endowment | $24,566 |
IOWA STATE UNIVERSITY PURPOSE: Scholarships | $19,575 |
DIAGONAL COMMUNITY SCHOOL PURPOSE: Endowment | $19,118 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that South Central Iowa Community Foundation has recieved totaling $2,210.
| Awarding Organization | Amount |
|---|---|
Alliant Energy Foundation Inc Madison, WI PURPOSE: MATCHING GIFTS | $2,205 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $15,378,093 |
| Other Expense | $308,094 |
| Ending Balance | $15,069,999 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Communitygiving St Cloud, MN | $193,103,222 | $46,523,540 |
Quad Cities Community Foundation Bettendorf, IA | $165,771,747 | $15,098,956 |
Greater Cedar Rapids Community Foundation Cedar Rapids, IA | $223,368,352 | $26,493,454 |
3m Open Fund Blaine, MN | $2,792,523 | $13,492,516 |
St Louis Community Foundation St Louis, MO | $112,098,850 | $20,148,169 |
Dupage Community Foundation Downers Grove, IL | $125,703,251 | $14,295,087 |
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 |