The Foundation receives charitable gifts from donors to establish permanent endowments for se iowa, western illinois and northeast missouri.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $3.4M a year · 74% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Plus $23.4M in investments, Pt X · Ln 11–13
Fine: 0.6 months of spending in cash, plus $23.4M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $500K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$6.3M
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$11.4M
+510% vs prior year
Spent
$1.9M
To programs
74%
Net assets
$26.6M
By yearFY2020–FY2024
Revenue
$11.4M
FY2024▲ +510%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.6M
FY2021$2.1M
FY2022$2.0M
FY2023$1.9M
FY2024$11.4M
Expenses
$1.9M
FY2024▲ +54%
Tap a bar for its year
Expenses by fiscal year
FY2020$866K
FY2021$892K
FY2022$1.1M
FY2023$1.2M
FY2024$1.9M
Net assets
$26.6M
FY2024▲ +65%
Tap a bar for its year
Net assets by fiscal year
FY2020$16.1M
FY2021$17.9M
FY2022$14.8M
FY2023$16.1M
FY2024$26.6M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $1.4M Management & general 25% · $464K Fundraising 1% · $22K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

19 people listed on the 990.

Part VII, Section A · reportable compensation
Exec Director
$0Pt VII · Sec A
Director Emeritus
$0Pt VII · Sec A
Director Emeritus
$0Pt VII · Sec A
$0Pt VII · Sec A
Director Emeritus
$0Pt VII · Sec A
Director Emeritus
$0Pt VII · Sec A
Secretary Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Philip Ricketts’s $63K as Administrator is at the 2nd percentile of top reported officer pay among 662 $10–100M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2022FY2021FY2020
Philip Ricketts$63,000$38,000—
Roger Ricketts$43,500$26,000$26,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Keokuk Area Community Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Receives gifts to establish permanent endowments for Southeast Iowa, Western Illinois, and Northeast Missouri.

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Provided by the organization

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1 program · $1.4M · in their own filed words · FY2024
01

Awarded grants to over 100 non profit organizations and scholarships to over 50 individuals in the iowa, missouri, and illinois tri-state area.

$1.4Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$500K
Grants paid · 92 grants · $2.1M · 2021–2024
Individual RecipientFY2024$250,000
Unitemized GrantFY2024$233,774
Keokuk Catholic SchoolsFY2024$173,475
Holy Trinity Catholic SchoolFY2024$51,513
City of DonnellsonFY2024$25,000
Gods Way Christian CenterFY2024$16,554
Church of All SaintsFY2024$16,321
Main Street Keokuk INCIA · FY2024$14,250
Iowa 2x4s for HopeIA · FY2024$12,500
Argyle Community BoostersIA · FY2024$12,500
Holy Family ParishIA · FY2024$11,162
See all 92 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$11.4M
Ln 12
Gifts and grantsLn 1h$10.1M
Investment incomeLn 3$1.1M
Fees for servicesLn 2g$256K
Money outPt IX
$1.9M
Ln 25
Programscol B$1.4M
Managementcol C$464K
Fundraisingcol D$22K
Owns and owesPt X
$26.6M
net assets · Ln 32
Cash and savingsLn 1–2$88K
Total assetsLn 16$32.9M
LiabilitiesLn 26$6.3M
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10.1M
Noncash giftsLn 1g$452K
Fees for servicesLn 2g$256K
Investment incomeLn 3$1.1M
Total revenueLn 12$11.4M
Assets in detailPt X, end of year
CashLn 1$7K
SavingsLn 2$82K
Cash and savings togetherLn 1–2$88K
InvestmentsLn 11–13$23.4M
Land, buildings, equipmentLn 10c$179K
Total assetsLn 16$32.9M
LiabilitiesLn 26$6.3M
Net assetsLn 32$26.6M
OperationsPt I, VI
EmployeesI 53
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$55K$88K
InvestmentsLn 11–13$20.5M$23.4M
Land, buildings, equipmentLn 10c$179K
Total assetsLn 16$20.6M$32.9M
LiabilitiesLn 26$4.5M$6.3M
Net assetsLn 32$16.1M$26.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$971K$971K
Grants to domestic individualsLn 2$231K$231K
Other salaries and wagesLn 7$147K$66K$68K$12K
Pension plan contributionsLn 8$6K$3K$3K$540
Other employee benefitsLn 9$12K$12K
Payroll taxesLn 10$11K$5K$5K$929
Legal feesLn 11b$43K$43K
Accounting feesLn 11c$57K$57K
Lobbying feesLn 11d$1K$1K
Investment management feesLn 11f$81K$81K
Other fees for servicesLn 11g$226K$226K
Advertising and promotionLn 12$20K$9K$7K$3K
Office expensesLn 13$12K$6K$4K$2K
Information technologyLn 14$26K$26K
TravelLn 17$4K$3K$826
Conferences, conventions and meetingsLn 19$4K$1K$2K$293
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$6K$1K$3K$2K
Total functional expensesLn 25$1.9M$1.4M$464K$22K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $11.4M$1.9M$9.6M$26.6M 990 PDF
FY2023 $1.9M$1.2M$668K$16.1M 990 PDF
FY2022 $2.0M$1.1M$859K$14.8M 990 PDF
FY2021 $2.1M$892K$1.2M$17.9M 990 PDF
FY2020 $5.6M$866K$4.7M$16.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $11,442,025 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,639,642$10,128,455
I-9 Program service revenuePrior year $123,037$256,117
I-10 Investment incomePrior year $114,216$1,057,453
I-11 Other revenue$0
I-12 Total revenuePrior year $1,876,895$11,442,025
I-13 Grants and similar amounts paidPrior year $726,768$1,202,592
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $148,027$176,103
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $333,649$482,116
I-18 Total expensesPrior year $1,208,444$1,860,811
I-19 Revenue less expensesPrior year $668,451$9,581,214
Part VI · Governance 13 of 13 board members independent, 1 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $11,442,025 across 7 lines filed
VIII-1f All other contributions, gifts and grants$10,128,455
VIII-1g Noncash contributions (included above)$452,319
VIII-1h Total contributions, gifts and grants$10,128,455
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $256,117$256,117
VIII-3 Investment incomeRelated to mission $1,057,453$1,057,453
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $1,313,570 · Unrelated business $0 · Excluded from tax $0$11,442,025
Part IX · Statement of functional expenses $1,860,811 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $971,265$971,265
IX-2 Grants to domestic individualsPrograms $231,327$231,327
IX-7 Other salaries and wagesPrograms $66,123 · Management $68,421 · Fundraising $12,151$146,695
IX-8 Pension plan contributionsPrograms $2,640 · Management $2,820 · Fundraising $540$6,000
IX-9 Other employee benefitsManagement $12,193$12,193
IX-10 Payroll taxesPrograms $5,055 · Management $5,231 · Fundraising $929$11,215
IX-11b Legal feesManagement $42,586$42,586
IX-11c Accounting feesManagement $57,160$57,160
IX-11d Lobbying feesManagement $1,010$1,010
IX-11f Investment management feesPrograms $81,118$81,118
IX-11g Other fees for servicesManagement $226,402$226,402
IX-12 Advertising and promotionPrograms $9,032 · Management $7,278 · Fundraising $3,224$19,534
IX-13 Office expensesPrograms $5,583 · Management $4,327 · Fundraising $2,376$12,286
IX-14 Information technologyManagement $25,668$25,668
IX-17 TravelManagement $3,303 · Fundraising $826$4,129
IX-19 Conferences, conventions and meetingsPrograms $1,316 · Management $1,953 · Fundraising $293$3,562
IX-23 InsuranceManagement $2,200$2,200
IX-24 Other expenses (24a–d)Programs $1,313 · Management $3,015 · Fundraising $2,133$6,461
IX-25 Total functional expensesPrograms $1,374,772 · Management $463,567 · Fundraising $22,472$1,860,811
Part X · Balance sheet $32,917,853 assets, 12 lines filed
X-1 Cash, non-interest-bearing$6,697
X-2 Savings and temporary cash investmentsStart of year $54,647$81,700
X-3 Pledges and grants receivableStart of year $70,978$9,281,329
X-10c Land, buildings and equipment, net$179,100
X-11 Publicly traded securitiesStart of year $20,484,430$23,369,027
X-16 Total assetsStart of year $20,610,055$32,917,853
X-17 Accounts payable and accrued expensesStart of year $38,546$28,968
X-25 Other liabilitiesStart of year $4,483,632$6,280,948
X-26 Total liabilitiesStart of year $4,522,178$6,309,916
X-27 Net assets without donor restrictionsStart of year $16,087,877$26,607,937
X-32 Total net assets or fund balancesStart of year $16,087,877$26,607,937
X-33 Total liabilities and net assetsStart of year $20,610,055$32,917,853
Part XI · Reconciliation of net assets $26,607,937 net assets at year end
XI-1 Total revenue$11,442,025
XI-2 Total expenses$1,860,811
XI-3 Revenue less expenses$9,581,214
XI-4 Net assets at start of year$16,087,877
XI-5 Net unrealized gains (losses) on investments$937,646
XI-6 Donated services and use of facilities$1,200
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$26,607,937

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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