Spencer Community School Foundation

Tax-deductible

Spencer, IA501(c)(3)EducationEIN 42-1306327Revenue $559K in FY2025

On file with the IRSspencerschoolfoundation.comPo Box 200, 51301-0200 · Spencer, IATax-exempt since Aug 1988Publicly supported charity — 170(b)(1)(A)(vi)

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To provide enhanced learning opportunities not provided for in the School district budget for teachers, staff and students.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Run by 15 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $37K a year · 10% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
16 mo
of spending, in cash
Looks good: 15.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $147K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$302
0.01% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$559K
+104% vs prior year
Spent
$598K
To programs
91%
Net assets
$2.2M
By yearFY2021–FY2025
Revenue
$559K
FY2025▲ +104%
Tap a bar for its year
Revenue by fiscal year
FY2021$329K
FY2022$226K
FY2023$444K
FY2024$274K
FY2025$559K
Expenses
$598K
FY2025▲ +105%
Tap a bar for its year
Expenses by fiscal year
FY2021$300K
FY2022$226K
FY2023$235K
FY2024$292K
FY2025$598K
Net assets
$2.2M
FY2025▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2021$2.1M
FY2022$2.1M
FY2023$2.3M
FY2024$2.3M
FY2025$2.2M

From the FY2025 Form 990 (year ending June 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1988.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $541K Management & general 9% · $56K

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

14 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Superintendent
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Spencer Community School 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers extra learning experiences for teachers, staff, and students beyond school budgets.

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Provided by the organization

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3 programs · $541K · in their own filed words · FY2024
01

This Grant Was Made to Fund

(1) new teacher stipends to set up classrooms (2)AID for flood recovery efforts (3) life learning lessons to special education students

$379Kprogram expense
02

Scholarships were awarded to 74 GRADUATING/GRADUATED seniors at spencer high school in order to help them develop and increase their educational opportunities. See schedule o for the list of scholarshop recipients in the fiscal year 2024.

$128Kprogram expense
03

21 "mini grants" were given out to students and faculty of the spencer community school district to help maintain, develop, increase and extend the facilities and provide broader educational service opportunities to its students, staff, and faculty.

$34Kprogram 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 · FY2024
Total grants receivedfrom 3 funders$147K
See all 3 funders →
Grants paid · 16 grants · $1.4M · 2020–2024
Spencer Community School DistFY2024$378,670
Unitemized GrantFY2024$128,364
Spencer Community School DistFY2024$34,263
Unitemized GrantFY2023$127,998
Spencer Community School DistFY2023$82,767
Spencer Community School DistFY2023$40,126
Unitemized GrantFY2022$116,312
Spencer Community School DistrictFY2022$52,578
Spencer Community School DistrictFY2022$14,994
Unitemized GrantFY2021$102,382
Spencer Community School DistrictFY2021$36,380
Spencer Community School DistrictFY2021$29,240
Spencer Community School DistrictFY2020$123,516
Unitemized GrantFY2020$90,467
Spencer Community School DistrictFY2020$27,778
Spencer Community School DistrictFY2020$9,228

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$559K
Ln 12
Gifts and grantsLn 1h$468K
Investment incomeLn 3$91K
Money outPt IX
$598K
Ln 25
Programscol B$541K
Managementcol C$56K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$783K
Total assetsLn 16$2.2M
LiabilitiesLn 26$302
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$468K
Investment incomeLn 3$91K
Gains on assetsLn 7$14K
Total revenueLn 12$559K
Assets in detailPt X, end of year
CashLn 1$10K
SavingsLn 2$773K
Cash and savings togetherLn 1–2$783K
InvestmentsLn 11–13$1.4M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$1
Total assetsLn 16$2.2M
LiabilitiesLn 26$302
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 52
VolunteersI 615
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$848K$783K
InvestmentsLn 11–13$1.4M$1.4M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$2.3M$2.2M
LiabilitiesLn 26$421$302
Net assetsLn 32$2.3M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$413K$413K
Grants to domestic individualsLn 2$128K$128K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$39K$39K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$3K$3K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$7K$7K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$2K$2K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$5K$5K
All other expensesLn 24e$0
Total functional expensesLn 25$598K$541K$56K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $559K$598K−$38K$2.2M 990 PDF
FY2024 $274K$292K−$18K$2.3M 990 PDF
FY2023 $444K$235K$210K$2.3M 990 PDF
FY2022 $226K$226K$539$2.1M 990 PDF
FY2021 $329K$300K$29K$2.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $559,152 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $138,887$467,796
I-9 Program service revenue$0
I-10 Investment incomePrior year $134,787$91,356
I-11 Other revenuePrior year $391$0
I-12 Total revenuePrior year $274,065$559,152
I-13 Grants and similar amounts paidPrior year $250,891$541,297
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $30,682$41,597
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $10,311$14,714
I-18 Total expensesPrior year $291,884$597,608
I-19 Revenue less expensesPrior year −$17,819−$38,456
Part VI · Governance 14 of 14 board members independent, 1 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $559,152 across 8 lines filed
VIII-1f All other contributions, gifts and grants$467,796
VIII-1h Total contributions, gifts and grants$467,796
VIII-3 Investment incomeRelated to mission $77,560$77,560
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $13,796$13,796
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $91,356$559,152
Part IX · Statement of functional expenses $597,608 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $412,933$412,933
IX-2 Grants to domestic individualsPrograms $128,364$128,364
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesManagement $38,641$38,641
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesManagement $2,956$2,956
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $7,340$7,340
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $1,970$1,970
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Management $5,404$5,404
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $541,297 · Management $56,311 · Fundraising $0$597,608
Part X · Balance sheet $2,222,984 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $7,920$9,526
X-2 Savings and temporary cash investmentsStart of year $839,670$773,228
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $1,413,969$1,440,229
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$1
X-16 Total assetsStart of year $2,261,559$2,222,984
X-25 Other liabilitiesStart of year $421$302
X-26 Total liabilitiesStart of year $421$302
X-32 Total net assets or fund balancesStart of year $2,261,138$2,222,682
X-33 Total liabilities and net assetsStart of year $2,261,559$2,222,984
Part XI · Reconciliation of net assets $2,222,682 net assets at year end
XI-1 Total revenue$559,152
XI-2 Total expenses$597,608
XI-3 Revenue less expenses−$38,456
XI-4 Net assets at start of year$2,261,138
XI-10 Net assets at end of year$2,222,682

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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