Operation of long-term health care facilities

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$112K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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 $412K a year · 4% 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
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$112K
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Fine: 2.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$6.9M
56% of total assets
Fine: liabilities are 56% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 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
$10.5M
+14% vs prior year
Spent
$9.1M
To programs
87%
Net assets
$5.5M
By yearFY2020–FY2024
Revenue
$10.5M
FY2021▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2020$9.2M
FY2021$10.5M
FY2022$9.0M
FY2023$11.8M
FY2024$10.4M
Expenses
$9.1M
FY2021▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$8.4M
FY2021$9.1M
FY2022$9.8M
FY2023$11.0M
FY2024$10.5M
Net assets
$5.5M
FY2021▲ +16%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.7M
FY2021$5.5M
FY2022$4.6M
FY2023$5.4M
FY2024$4.9M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2021 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 Apr 1999.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $7.9M Management & general 13% · $1.2M

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

3 people listed on the 990; $112K paid to officers and key staff.

Part VII, Section A · reportable compensation
President & Treasurer
$97,968Pt VII · Sec A
Vice President
$8,000Pt VII · Sec A
Secretary
$6,000Pt VII · Sec A

Michael a Michaud’s $124K as President & Treasurer is at the 9th percentile of top reported officer pay among 3122 $10–100M human services 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 · 7 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jacqueline Doyle————$128,625
Michael a Michaud$123,900$123,968$115,968$97,968$97,968
Hilaree Stringham$118,959$117,450$108,472—$101,401
Gregory T Slessor$15,000$11,500—$8,000$6,000
James J Lock$15,000————
John J Lock—$10,500———
John Whitaker———$6,000$6,000

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 The Capstone Group INC 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 15aYes

Programs and updates

Operates long-term health care facilities for residents needing ongoing support.

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Provided by the organization

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1 program · $7.9M · in their own filed words · FY2021
01

Operation of long-term health care facilities. The capstone group owns two facilities, one in guthrie center, ia and one in marion, ia. The guthrie center facility offers a full spectrum of care needs, with seventeen (17) independent living apartments for senior citizens, fourteen (14) assisted living units, and fifty-eight (58) skilled…

$7.9Mprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$10.5M
Ln 12
Fees for servicesLn 2g$10.5M
Investment incomeLn 3$19K
Money outPt IX
$9.1M
Ln 25
Programscol B$7.9M
Managementcol C$1.2M
Owns and owesPt X
$5.5M
net assets · Ln 32
Cash and savingsLn 1–2$2.0M
Total assetsLn 16$12.4M
LiabilitiesLn 26$6.9M
PeoplePt VI, VII
3
listed · VII A
PaidVII A3
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$10.5M
Investment incomeLn 3$19K
Total revenueLn 12$10.5M
Assets in detailPt X, end of year
CashLn 1$1.8M
SavingsLn 2$190K
Cash and savings togetherLn 1–2$2.0M
InvestmentsLn 11–13$1.3M
Land, buildings, equipmentLn 10c$7.6M
Total assetsLn 16$12.4M
LiabilitiesLn 26$6.9M
Net assetsLn 32$5.5M
OperationsPt I, VI
EmployeesI 5207
VolunteersI 6201
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 FY21End FY21
Cash and savingsLn 1–2$1.8M$2.0M
InvestmentsLn 11–13$1.4M$1.3M
Land, buildings, equipmentLn 10c$7.7M$7.6M
Total assetsLn 16$12.2M$12.4M
LiabilitiesLn 26$7.5M$6.9M
Net assetsLn 32$4.7M$5.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$112K$98K$14K
Other salaries and wagesLn 7$3.6M$3.1M$449K
Other employee benefitsLn 9$284K$159K$124K
Payroll taxesLn 10$276K$249K$27K
Management feesLn 11a$650K$498K$152K
Legal feesLn 11b$43K$43K
Accounting feesLn 11c$114K$114K
Other fees for servicesLn 11g$1.6M$1.6M
Advertising and promotionLn 12$31K$31K
Office expensesLn 13$51K$51K
OccupancyLn 16$20K$3K$17K
TravelLn 17$13K$8K$5K
InterestLn 20$300K$300K
Depreciation, depletion and amortizationLn 22$393K$393K
InsuranceLn 23$85K$85K
Other expenses (24a–d)Ln 24$1.4M$1.4M$20K
All other expensesLn 24e$169K$15K$155K
Total functional expensesLn 25$9.1M$7.9M$1.2M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $10.4M$10.5M−$79K$4.9M 990 PDF
FY2023 $11.8M$11.0M$762K$5.4M 990 PDF
FY2022 $9.0M$9.8M−$813K$4.6M 990 PDF
FY2021 Viewing $10.5M$9.1M$1.4M$5.5M 990 PDF
FY2020 $9.2M$8.4M$832K$4.7M 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 FY2021 990 (6 parts)
Part I · Summary $10,495,942 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $9,216,930$10,476,913
I-10 Investment incomePrior year $16,350$19,029
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $9,233,280$10,495,942
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $4,497,222$4,262,738
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,903,569$4,873,847
I-18 Total expensesPrior year $8,400,791$9,136,585
I-19 Revenue less expensesPrior year $832,489$1,359,357
Part VI · Governance 2 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $10,495,942 across 3 lines filed
Lines not itemized here account for $926,575 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $9,550,338$9,550,338
VIII-3 Investment incomeExcluded from tax $19,029$19,029
VIII-12 Total revenueRelated to mission $10,476,913 · Unrelated business $0 · Excluded from tax $19,029$10,495,942
Part IX · Statement of functional expenses $9,136,585 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $97,968 · Management $14,000$111,968
IX-7 Other salaries and wagesPrograms $3,142,031 · Management $448,506$3,590,537
IX-9 Other employee benefitsPrograms $159,331 · Management $124,493$283,824
IX-10 Payroll taxesPrograms $249,241 · Management $27,168$276,409
IX-11a Management feesPrograms $497,611 · Management $152,471$650,082
IX-11b Legal feesManagement $43,114$43,114
IX-11c Accounting feesManagement $114,253$114,253
IX-11g Other fees for servicesPrograms $1,602,696$1,602,696
IX-12 Advertising and promotionManagement $31,467$31,467
IX-13 Office expensesManagement $50,841$50,841
IX-16 OccupancyPrograms $3,449 · Management $16,664$20,113
IX-17 TravelPrograms $8,221 · Management $4,598$12,819
IX-20 InterestPrograms $300,097$300,097
IX-22 Depreciation, depletion and amortizationPrograms $392,661$392,661
IX-23 InsurancePrograms $84,596$84,596
IX-24 Other expenses (24a–d)Programs $1,381,940 · Management $19,829$1,401,769
IX-24e All other expensesPrograms $14,693 · Management $154,646$169,339
IX-25 Total functional expensesPrograms $7,934,535 · Management $1,202,050 · Fundraising $0$9,136,585
Part X · Balance sheet $12,402,417 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $1,564,456$1,836,465
X-2 Savings and temporary cash investmentsStart of year $189,775$189,613
X-4 Accounts receivableStart of year $905,368$1,011,304
X-9 Prepaid expenses and deferred chargesStart of year $27,008$27,038
X-10c Land, buildings and equipment, netStart of year $7,704,340$7,598,771
X-12 Other securitiesStart of year $1,357,995$1,315,228
X-14 Intangible assetsStart of year $471,109$423,998
X-16 Total assetsStart of year $12,220,051$12,402,417
X-17 Accounts payable and accrued expensesStart of year $584,033$801,117
X-19 Deferred revenueStart of year $37,974$60,725
X-26 Total liabilitiesStart of year $7,483,707$6,925,696
X-27 Net assets without donor restrictionsStart of year $4,736,344$5,476,721
X-32 Total net assets or fund balancesStart of year $4,736,344$5,476,721
X-33 Total liabilities and net assetsStart of year $12,220,051$12,402,417
Part XI · Reconciliation of net assets $5,476,721 net assets at year end
XI-1 Total revenue$10,495,942
XI-2 Total expenses$9,136,585
XI-3 Revenue less expenses$1,359,357
XI-4 Net assets at start of year$4,736,344
XI-5 Net unrealized gains (losses) on investments$14,420
XI-8 Prior period adjustments−$633,400
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,476,721

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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