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Nonprofiteer
← KEOKUK AREA COMMUNITY FOUNDATION

Form 990 for tax year 2023

Filed by KEOKUK AREA COMMUNITY FOUNDATION.

Totals

Total revenue
$1,876,895
Total expenses
$1,208,444
Contributions and grants received
$1,639,642
Grants paid
$726,768
Program service revenue
$123,037
Investment income
$114,216
Other revenue
$0
Total assets, end of year
$20,610,055
Total liabilities, end of year
$4,522,178
Net assets or fund balances, end of year
$16,087,877
Program services expenses (Part IX)
$874,248
Management and general expenses
$275,062
Fundraising expenses
$59,134
Program service expenses (Part III)
$874,248

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.

  • 1f · All other contributions, gifts and grants

    $1,639,642

  • 1g · Noncash contributions included above

    $31,264

  • 2a · Program service revenue: FUND ADMIN FEES

    total $123,037 · related or exempt $123,037

  • 3 · Investment income

    total $114,216 · related or exempt $114,216

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $530,895 · program services $530,895

  • 2 · Grants to domestic individuals

    total $195,873 · program services $195,873

  • 7 · Other salaries and wages

    total $118,000 · program services $39,733 · management and general $45,875 · fundraising $32,392

  • 9 · Other employee benefits

    total $21,000 · program services $4,200 · management and general $12,180 · fundraising $4,620

  • 10 · Payroll taxes

    total $9,027 · program services $3,069 · management and general $3,521 · fundraising $2,437

  • 11c · Fees: accounting

    total $69,742 · management and general $69,742

  • 11d · Fees: lobbying

    total $715 · management and general $715

  • 11f · Fees: investment management

    total $90,717 · program services $90,717

  • 11g · Fees: other

    total $105,493 · management and general $105,493

  • 12 · Advertising and promotion

    total $8,113 · management and general $447 · fundraising $7,666

  • 13 · Office expenses

    total $42,788 · program services $9,435 · management and general $22,661 · fundraising $10,692

  • 17 · Travel

    total $1,494 · management and general $493 · fundraising $1,001

  • 23 · Insurance

    total $13,698 · management and general $13,698

  • 24a · Other expenses: MISCELLANEOUS

    total $889 · program services $326 · management and general $237 · fundraising $326

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $466,633 · end of year $54,647

  • 3 · Pledges and grants receivable

    beginning of year $1,930 · end of year $70,978

  • 11 · Investments: publicly traded securities

    beginning of year $16,173,407 · end of year $20,484,430

  • 17 · Accounts payable and accrued expenses

    beginning of year $36,024 · end of year $38,546

  • 25 · Other liabilities

    beginning of year $1,827,225 · end of year $4,483,632

  • 27 · Net assets without donor restrictions

    beginning of year $673,938 · end of year $16,087,877

  • 28 · Net assets with donor restrictions

    beginning of year $14,104,783

Mission and programs · 2023

Mission

THE FOUNDATION RECEIVES CHARITABLE GIFTS FROM DONORS TO ESTABLISH PERMANENT ENDOWMENTS FOR SE IOWA, WESTERN ILLINOIS AND NORTHEAST MISSOURI.

  • AWARDED GRANTS TO OVER 100 NON PROFIT ORGANIZATIONS AND SCHOLARSHIPS TO OVER 50 INDIVIDUALS IN THE IOWA, MISSOURI, AND ILLINOIS TRI-STATE AREA.

    Expenses $874,248 · Grants $726,768 · Revenue $4,324,946

As filed on the 2023 return.

Listed in Part VII

  • Louise Orozco

    ASSISTANT SECRETARY DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Carlos Guzman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Cheri Kemp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Patrick Otang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Janet Hurt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Rev David Turner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • John Winkleman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Jay Patel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Nikki Sugars

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Kathy Klauser

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Richard Lofton

    DIRECTOR EMERITUS

    Total calculated
    $0
    Hours/week
    0

  • Ivan Hasselbusch

    DIRECTOR EMERITUS

    Total calculated
    $0
    Hours/week
    0

  • Roger Ricketts

    EXEC DIRECTOR

    Total calculated
    $0
    Hours/week
    32

  • Kerry Klepfer

    DIRECTOR EMERITUS

    Total calculated
    $0
    Hours/week
    0

  • James Dennis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Jack Smith

    DIRECTOR EMERITUS

    Total calculated
    $0
    Hours/week
    0

  • Jan Filkens

    VICE CHAIR DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Margaret Cardella

    SECRETARY DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Leah Carroll

    CHAIR OF THE BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    0

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
31 October 2024
IRS schema version
2023v5.1
Source object
202413059349301971

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

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