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George Daily Charitable Trust FY2020 filing

Tax-deductible

Oskaloosa, IA501(c)(3) EIN 42-1336683Revenue $3.3M in FY2020

On file with the IRSteammahaska.orgPo Box 808, 52577-0808 · Oskaloosa, IATax-exempt since Mar 1990Supporting organization — 509(a)(3)

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IT is our purpose to utilize the George Daily family Trust resources as follows: a. To develop leadership for the benefit of the community; b. To create initiative for projects to benefit the community.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$25K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · 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
3 of 5
filings with a surplus
Average surplus $586K a year · 51% 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
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$25K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Plus $8.7M in investments, Pt X · Ln 11–13
Looks good: 5.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1K
0.01% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.3M
Spent
$305K
To programs
88%
Net assets
$11.7M
By yearFY2020–FY2024
Revenue
$3.3M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$3.3M
FY2021$1.6M
FY2022−$33K
FY2023$376K
FY2024$498K
Expenses
$305K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$305K
FY2021$1.7M
FY2022$337K
FY2023$260K
FY2024$251K
Net assets
$11.7M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$11.7M
FY2021$11.3M
FY2022$9.3M
FY2023$10.5M
FY2024$11.8M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1990.

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% · $269K Management & general 12% · $36K

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

4 people listed on the 990; $25K paid to officers and key staff.

Part VII, Section A · reportable compensation
$25,293Pt VII · Sec A
Joe P Crookham
Co-Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
Randy Degeest
Co-Trustee
$0Pt VII · Sec A
See George Daily Charitable Trust 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

Develops leaders and creates community benefit projects.

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Provided by the organization

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3 programs · $269K · in their own filed words · FY2020
01

See schedule I for list of grants

$213Kprogram expense
02

Rent free holding of community sports complex and community sitting garden.

$39Kprogram expense
03

Supported a mahaska community website that is used for community data, events and calendar.

$18Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 22 grants · $2.4M · 2020–2024
Friends of the AuditoriumIA · FY2024$157,000
Oskaloosa Police DepartmentFY2024$12,000
Fremont Community FoundationIA · FY2024$6,677
Friends of the AuditoriumIA · FY2023$145,000
City of University ParkFY2023$30,000
Mahaska County Historical SocietyIA · FY2023$15,000
Mahaska Futureview INCIA · FY2022$130,000
Friends of the AuditoriumIA · FY2022$83,886
William Penn UniversityIA · FY2022$18,000
Oskaloosa Police DepartmentFY2022$17,000
Mahaska Futureview INCIA · FY2022$13,000
Mahaska Futureview INCIA · FY2022$10,000
Mahaska County YMCAIA · FY2021$1,500,000
Friends of the AuditoriumIA · FY2021$61,386
William Penn UniversityIA · FY2021$22,500
Love INC of Mahaska CountyIA · FY2021$20,000
City of New SharonFY2021$10,000
Mahaska Futureview INCIA · FY2021$6,000
See all 22 grants →

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$3.3M
Ln 12
Investment incomeLn 3$2.6M
Gifts and grantsLn 1h$373K
Fees for servicesLn 2g$372K
Money outPt IX
$305K
Ln 25
Programscol B$269K
Managementcol C$36K
Owns and owesPt X
$11.7M
net assets · Ln 32
Cash and savingsLn 1–2$139K
Total assetsLn 16$11.7M
LiabilitiesLn 26$1K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$373K
Noncash giftsLn 1g$9K
Fees for servicesLn 2g$372K
Investment incomeLn 3$2.6M
Other incomeLn 4–11$11K
Gains on assetsLn 7$2.4M
Total revenueLn 12$3.3M
Assets in detailPt X, end of year
SavingsLn 2$139K
Cash and savings togetherLn 1–2$139K
InvestmentsLn 11–13$8.7M
Land, buildings, equipmentLn 10c$2.9M
Total assetsLn 16$11.7M
LiabilitiesLn 26$1K
Net assetsLn 32$11.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$12K$139K
InvestmentsLn 11–13$7.3M$8.7M
Land, buildings, equipmentLn 10c$2.6M$2.9M
Total assetsLn 16$10.1M$11.7M
LiabilitiesLn 26$1K$1K
Net assetsLn 32$10.1M$11.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$213K$213K
Pay of disqualified personsLn 6$25K$25K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$5K$5K
Office expensesLn 13$2K$2K
Information technologyLn 14$18K$18K
InsuranceLn 23$19K$18K$1K
Other expenses (24a–d)Ln 24$20K$20K$125
Total functional expensesLn 25$305K$269K$36K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $498K$251K$247K$11.8M 990 PDF
FY2023 $376K$260K$115K$10.5M 990 PDF
FY2022 −$33K$337K−$370K$9.3M 990 PDF
FY2021 $1.6M$1.7M−$103K$11.3M 990 PDF
FY2020 Viewing $3.3M$305K$3.0M$11.7M 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 O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $3,346,924 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $561,017$373,154
I-9 Program service revenuePrior year −$125,992$372,495
I-10 Investment incomePrior year $430,131$2,590,210
I-11 Other revenuePrior year $7,260$11,065
I-12 Total revenuePrior year $872,416$3,346,924
I-13 Grants and similar amounts paidPrior year $112,026$212,591
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $27,861$25,293
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $60,394$67,069
I-18 Total expensesPrior year $200,281$304,953
I-19 Revenue less expensesPrior year $672,135$3,041,971
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,346,924 across 8 lines filed
VIII-1f All other contributions, gifts and grants$373,154
VIII-1g Noncash contributions (included above)$9,066
VIII-1h Total contributions, gifts and grants$373,154
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $372,495$372,495
VIII-3 Investment incomeExcluded from tax $181,567$181,567
VIII-6 Net rental income or lossExcluded from tax $11,065$11,065
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,408,643$2,408,643
VIII-12 Total revenueRelated to mission $372,495 · Excluded from tax $2,601,275$3,346,924
Part IX · Statement of functional expenses $304,953 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $212,591$212,591
IX-6 Pay of disqualified personsManagement $25,293$25,293
IX-11b Legal feesManagement $2,540$2,540
IX-11c Accounting feesManagement $4,515$4,515
IX-13 Office expensesManagement $2,342$2,342
IX-14 Information technologyPrograms $17,869$17,869
IX-23 InsurancePrograms $18,214 · Management $1,163$19,377
IX-24 Other expenses (24a–d)Programs $20,301 · Management $125$20,426
IX-25 Total functional expensesPrograms $268,975 · Management $35,978 · Fundraising $0$304,953
Part X · Balance sheet $11,700,114 assets, 8 lines filed
X-2 Savings and temporary cash investmentsStart of year $11,982$138,999
X-10c Land, buildings and equipment, netStart of year $2,596,843$2,883,752
X-11 Publicly traded securitiesStart of year $7,343,338$8,677,363
X-16 Total assetsStart of year $10,055,925$11,700,114
X-25 Other liabilitiesStart of year $1,330$1,330
X-26 Total liabilitiesStart of year $1,330$1,330
X-32 Total net assets or fund balancesStart of year $10,054,595$11,698,784
X-33 Total liabilities and net assetsStart of year $10,055,925$11,700,114
Part XI · Reconciliation of net assets $11,698,784 net assets at year end
XI-1 Total revenue$3,346,924
XI-2 Total expenses$304,953
XI-3 Revenue less expenses$3,041,971
XI-4 Net assets at start of year$10,054,595
XI-5 Net unrealized gains (losses) on investments−$1,397,782
XI-10 Net assets at end of year$11,698,784

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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