Sheldon Community School Educational Foundation EIN 42-1316980 Form 990 (PDF) Claim this org

Sheldon Community School Educational Foundation

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Supports educational opportunities and resources for a school district and its community. For fiscal year 2025 it reported $109K in revenue, $78K in expenses, and $1.5M in net assets.Pt I

Founded
1987
Type
Public charity (501(c)(3)) · Nonprofit
Location
Sheldon, IA
Filings
6 on file (2020–2025)
Revenue
$109KFY2025
Expenses
$78K
Net assets
$1.5M
People
11
Filings
6
Updates
0
More identity details & actions ⌄
EIN  42-1316980 Public charity (501(c)(3)) Sheldon, IA Founded 1987
Form 990 (PDF)
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Size
$100K–1M
What they do
Supports educational opportunities and resources for a school district and its community.
Leadership
Cindy Barwick · Director
Money in and out
$109K revenue, $78K expenses
Bottom line
85% program efficiency
Where the money goes · FY2025
Total revenue
$109K
Pt VIII · Ln 12
Total expenses
$78K
Pt IX · Ln 25
Net assets
$1.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $31K
Where spending went · Part IX cols B–D
Program services $0.85 Management & general $0.15
Program efficiency
85%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
235.3mo
months of highly liquid reserves at operating expense rate▲ +7% vs prior filing year
Surplus margin
+29%
revenue over expenses, this year▼ -11% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$109K
FY2025▼ -6%
Expenses
$78K
FY2025-0.4%
Total assets
$1.5M
FY2025▲ +6%
Total liabilities
$0
FY2025
Total revenue
$109K
Pt VIII · Ln 12
Total expenses
$78K
Pt IX · Ln 25
Net assets
$1.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$31K
Total assetsPt X · Ln 16$1.5M
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSheldon Community School Educational Foundation
EINHdr · item D42-1316980
Principal addressHdr · item CSheldon, IA
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1987
State of legal domicileHdr · item MIA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMar 1989

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $66K of program spending, described in the organization's own filed words · FY2025.
01

The school foundation annually awards post-secondary school scholarships for graduating seniors and funds to the school to enhance the learning experience of the students.

$66Kprogram expense

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Statement of Revenue

Part VIII
Investment income$74K · 67%
Contributions & grants$36K · 33%
Investment income67%$74K
Contributions & grants33%$36K
Total revenueLn 12$109K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.15
Program services85%$66K
Management & general15%$12K
Total functional expensesLn 25$78K

Balance Sheet

Part X · end of year
CashLn 1$204K
Total assetsLn 16$1.5M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.5M
Months of cash on handcomputed31.4

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.5M · Operating expenses/yr $78K
235.3 months
Where the money goes
Program services
Program services $66K · Total expenses $78K
85%
Management & General
Management & general $12K · Total expenses $78K
15%
Fundraising
Fundraising $0 · Total expenses $78K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $40K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $36K · Total revenue $109K
33%
Government reliance
Government grants — · Total revenue $109K
Earned-income share
Program service revenue $0 · Total revenue $109K
0%
Investment reliance
Investment income $74K · Total revenue $109K
+67%
Program self-sufficiency
Program service revenue $0 · Total expenses $78K
0%
Growth & trend
Revenue growth (YoY)
This year $109K · Prior year $116K
-6%
Revenue CAGR
FY2020 $83K · FY2025 $109K
+6%
Net-asset trend (YoY)
End of year $1.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $109K · Expenses $78K
+29%
Liabilities-to-Assets
Total liabilities — · Total assets $1.5M
Net-asset ratio
Net assets $1.5M · Total assets $1.5M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.3M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.5M
87%
People & payroll
Highest Reported Total Compensation
Individual Cindy Barwick · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $78K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $78K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 85%
Overhead ratio 15%
Revenue growth -6%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$15K
Grants paid · 12 grants · $339K · 2020–2025
Unitemized GrantFY2025$38,000
Sheldon Community SchoolsFY2025$27,813
Unitemized GrantFY2024$38,800
Sheldon Community SchoolsFY2024$24,470
Unitemized GrantFY2023$49,750
Sheldon Community SchoolsFY2023$32,107
Sheldon Community SchoolsFY2023$15,000
Sheldon Community SchoolsFY2022$32,766
Unitemized GrantFY2022$20,000
Sheldon Community SchoolsFY2021$21,950
Unitemized GrantFY2021$14,750
Unitemized GrantFY2020$23,641

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$109K revenue · viewing · ⤓ 990 PDF
FY2024$116K revenue · ⤓ 990 PDF
FY2023$96K revenue · ⤓ 990 PDF
FY2022$776K revenue · ⤓ 990 PDF
FY2021$67K revenue · ⤓ 990 PDF
FY2020$83K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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