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Nonprofiteer
← SOUTH CENTRAL IOWA COMMUNITY FOUNDATION

Form 990 for tax year 2023

Filed by SOUTH CENTRAL IOWA COMMUNITY FOUNDATION.

Totals

Total revenue
$2,055,319
Total expenses
$685,413
Contributions and grants received
$348,890
Grants paid
$495,539
Program service revenue
$0
Investment income
$1,706,429
Other revenue
$0
Total assets, end of year
$15,539,506
Total liabilities, end of year
$48,375
Net assets or fund balances, end of year
$15,491,131
Program services expenses (Part IX)
$495,539
Management and general expenses
$175,743
Fundraising expenses
$14,131
Program service expenses (Part III)
$495,539

Program services were 72.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $348,890

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $342,594 · related or exempt $0 · unrelated business $0 · excluded $342,594

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $378,911 · other assets $0

  • 7b · Less cost or other basis and sales expenses

    securities -$984,924 · other assets $0

  • 7c · Gain or loss

    securities $1,363,835 · other assets $0

  • 7d · Net gain or loss

    total $1,363,835 · related or exempt $0 · unrelated business $0 · excluded $1,363,835

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $495,539 · program services $495,539

  • 5 · Compensation of officers, directors and key employees

    total $88,716 · management and general $79,844 · fundraising $8,872

  • 7 · Other salaries and wages

    total $4,670 · management and general $4,203 · fundraising $467

  • 8 · Pension plan contributions

    total $2,624 · management and general $2,362 · fundraising $262

  • 10 · Payroll taxes

    total $7,793 · management and general $7,014 · fundraising $779

  • 11b · Fees: legal

    total $36,365 · management and general $36,365

  • 11c · Fees: accounting

    total $20,800 · management and general $20,800

  • 13 · Office expenses

    total $15,242 · management and general $15,242

  • 17 · Travel

    total $2,502 · management and general $2,502

  • 22 · Depreciation, depletion and amortization

    total $3,667 · management and general $3,667

  • 24a · Other expenses: Other Expenses

    total $7,495 · program services $0 · management and general $3,744 · fundraising $3,751

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $87,346 · end of year $30,768

  • 2 · Savings and temporary cash investments

    beginning of year $201,139 · end of year $180,467

  • 4 · Accounts receivable

    beginning of year $42,405 · end of year $46,389

  • 10a · Land, buildings and equipment: cost or other basis

    $124,391

  • 10b · Land, buildings and equipment: accumulated depreciation

    $22,327

  • 10c · Land, buildings and equipment, net

    beginning of year $105,731 · end of year $102,064

  • 11 · Investments: publicly traded securities

    beginning of year $13,728,478 · end of year $15,179,818

  • 18 · Grants payable

    beginning of year $43,875 · end of year $48,375

  • 27 · Net assets without donor restrictions

    beginning of year $14,121,224 · end of year $15,491,131

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

IMPROVE LIVES OF SOUTH CENTRAL IOWA COMMUNITY

  • GRANTS TO VARIOUS CHARITABLE AND COMMUNITY ORGANIZATIONS FOR SUPPORT OF COMMUNITY PROJECTS AND IMPROVEMENTS

    Expenses $495,539

As filed on the 2023 return.

Listed in Part VII

  • Diane Ross

    President & CEO

    Total calculated
    $87,327
    From this org
    $87,327
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Dennis Jeter

    Board Chair

    Total calculated
    $0
    Hours/week
    1

  • Erik Niggemeyer

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Melissa Snell

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Ray Thurlby

    Director

    Total calculated
    $0
    Hours/week
    1

  • Hanna Gwinn

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mike Frost

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tracy Barnes

    Director

    Total calculated
    $0
    Hours/week
    1

  • Shannon Lecy

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Sarah Long

    Director

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202501339349306225

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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