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Sheldon Community School Educational Foundation FY2022 filing

Tax-deductible

Sheldon, IA501(c)(3)Since 1987EIN 42-1316980Revenue $776K in FY2022

On file with the IRS830 23rd Ave, 51201-1725 · Sheldon, IATax-exempt since Mar 1989Publicly supported charity — 170(b)(1)(A)(vi)

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The corporation is organized and shall be operated exclusively for Educational, charitable, and scientific purposes and, to maintain, develop, increase and extend the facilities, services, and resources of the Sheldon Community School district, and to provide broader Educational service opportunities to its students, staff, faculty, and the residents of the geographical area which IT serves.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
4 of 6
filings with a surplus
Average surplus $131K a year · 63% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
38 mo
of spending, in cash
Looks good: 38.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$776K
×12 vs prior year
Spent
$60K
To programs
88%
Net assets
$1.3M
By yearFY2020–FY2025
Revenue
$776K
FY2022▲ ×12
Tap a bar for its year
Revenue by fiscal year
FY2020$83K
FY2021$67K
FY2022$776K
FY2023$96K
FY2024$116K
FY2025$109K
Expenses
$60K
FY2022▲ +51%
Tap a bar for its year
Expenses by fiscal year
FY2020$98K
FY2021$40K
FY2022$60K
FY2023$108K
FY2024$78K
FY2025$78K
Net assets
$1.3M
FY2022▲ +75%
Tap a bar for its year
Net assets by fiscal year
FY2020$686K
FY2021$747K
FY2022$1.3M
FY2023$1.4M
FY2024$1.4M
FY2025$1.5M

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1989.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $53K Management & general 12% · $7K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Jim Buenger
Treasurer
$0Pt VII · Sec A
Jane Debates
Director
$0Pt VII · Sec A
Justin Jonas
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Tracy Meyer
Director
$0Pt VII · Sec A
Cory Myer
Director
$0Pt VII · Sec A
See Sheldon Community School Educational 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

Supports educational opportunities and resources for a school district and its community.

Questions for Sheldon Community School Educational Foundation

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Provided by the organization

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1 program · $53K · in their own filed words · FY2022
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.

$53Kprogram 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
Minnesota Twins Community FundFY2023$15K
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

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$776K
Ln 12
Gifts and grantsLn 1h$719K
Investment incomeLn 3$57K
Money outPt IX
$60K
Ln 25
Programscol B$53K
Managementcol C$7K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$190K
Total assetsLn 16$1.3M
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$719K
Investment incomeLn 3$57K
Gains on assetsLn 7$30K
Total revenueLn 12$776K
Assets in detailPt X, end of year
CashLn 1$32K
SavingsLn 2$158K
Cash and savings togetherLn 1–2$190K
InvestmentsLn 11–13$1.1M
Total assetsLn 16$1.3M
LiabilitiesLn 26$0
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
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 FY22End FY22
Cash and savingsLn 1–2$179K$190K
InvestmentsLn 11–13$568K$1.1M
Total assetsLn 16$747K$1.3M
LiabilitiesLn 26$0$0
Net assetsLn 32$747K$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$33K$33K
Grants to domestic individualsLn 2$20K$20K
Accounting feesLn 11c$1K$1K
Investment management feesLn 11f$6K$6K
Total functional expensesLn 25$60K$53K$7K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $109K$78K$31K$1.5M 990 PDF
FY2024 $116K$78K$38K$1.4M 990 PDF
FY2023 $96K$108K−$12K$1.4M 990 PDF
FY2022 Viewing $776K$60K$716K$1.3M 990 PDF
FY2021 $67K$40K$27K$747K 990 PDF
FY2020 $83K$98K−$15K$686K 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 FY2022 990 (6 parts)
Part I · Summary $775,619 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $33,227$718,755
I-9 Program service revenue$0
I-10 Investment incomePrior year $33,916$56,864
I-11 Other revenue$0
I-12 Total revenuePrior year $67,143$775,619
I-13 Grants and similar amounts paidPrior year $36,700$52,766
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $3,028$7,304
I-18 Total expensesPrior year $39,728$60,070
I-19 Revenue less expensesPrior year $27,415$715,549
Part VI · Governance 10 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $775,619 across 5 lines filed
VIII-1f All other contributions, gifts and grants$718,755
VIII-1h Total contributions, gifts and grants$718,755
VIII-3 Investment incomeExcluded from tax $27,182$27,182
VIII-7 Net gain or loss on sales of assetsExcluded from tax $29,682$29,682
VIII-12 Total revenueExcluded from tax $56,864$775,619
Part IX · Statement of functional expenses $60,070 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $32,766$32,766
IX-2 Grants to domestic individualsPrograms $20,000$20,000
IX-11c Accounting feesManagement $1,050$1,050
IX-11f Investment management feesManagement $6,254$6,254
IX-25 Total functional expensesPrograms $52,766 · Management $7,304 · Fundraising $0$60,070
Part X · Balance sheet $1,305,946 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $30,052$31,950
X-2 Savings and temporary cash investmentsStart of year $149,005$158,377
X-11 Publicly traded securitiesStart of year $567,933$1,115,619
X-16 Total assetsStart of year $746,990$1,305,946
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $159,424$171,649
X-28 Net assets with donor restrictionsStart of year $587,566$1,134,297
X-32 Total net assets or fund balancesStart of year $746,990$1,305,946
X-33 Total liabilities and net assetsStart of year $746,990$1,305,946
Part XI · Reconciliation of net assets $1,305,946 net assets at year end
XI-1 Total revenue$775,619
XI-2 Total expenses$60,070
XI-3 Revenue less expenses$715,549
XI-4 Net assets at start of year$746,990
XI-5 Net unrealized gains (losses) on investments−$156,593
XI-10 Net assets at end of year$1,305,946

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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