philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Waverly-Shell Rock Educational Fund FY2023 filing

Tax-deductible

Waverly, IA501(c)(3)EducationEIN 46-2385902Revenue $278K in FY2023

On file with the IRS1415 4th Ave Sw, 50677-2821 · Waverly, IATax-exempt since Jan 2014Publicly supported charity — 170(b)(1)(A)(vi)

Tell your story. Claim this org

To encourage and promote the improvement of the quality of education of all kinds, including athletics, in the Waverly-Shell Rock community school district by providing a mechanism through which additional resources can be obtained through private contributions and grants of all kinds, where appropriate for such an organization, for allocation to worthwhile Educational programs and facilities.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
5 of 5
filings with a surplus
Average surplus $60K a year · 38% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Looks good: 12.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$278K
+130% vs prior year
Spent
$108K
To programs
99%
Net assets
$665K
By yearFY2020–FY2024
Revenue
$278K
FY2023▲ +130%
Tap a bar for its year
Revenue by fiscal year
FY2020$156K
FY2021$112K
FY2022$121K
FY2023$278K
FY2024$128K
Expenses
$108K
FY2023▼ -9%
Tap a bar for its year
Expenses by fiscal year
FY2020$78K
FY2021$84K
FY2022$119K
FY2023$108K
FY2024$103K
Net assets
$665K
FY2023▲ +34%
Tap a bar for its year
Net assets by fiscal year
FY2020$466K
FY2021$494K
FY2022$495K
FY2023$665K
FY2024$690K

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 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 Jan 2014.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $108K Management & general 1% · $665

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to fix it

Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation
Jay Boeding
President
$0Pt VII · Sec A
Mark Platte
Vice Preside
$0Pt VII · Sec A
Roger Wilcox
Secretary
$0Pt VII · Sec A
Chris Foy
Treasurer
$0Pt VII · Sec A
Jessi Fasse
Director
$0Pt VII · Sec A
Heidi Abben
Director
$0Pt VII · Sec A
Jennifer Nus
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Waverly-Shell Rock Educational Fund executive salaries →

On this list? Claim this org

Something off? Claim to fix it

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

Programs and updates

Supports better education and athletics in Waverly-Shell Rock schools with private donations and grants.

Questions for Waverly-Shell Rock Educational Fund

Tap to ask. Waverly-Shell Rock Educational Fund sees how many people are interested.

Your first name shows with your question. Waverly-Shell Rock Educational Fund answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $108K · in their own filed words · FY2023
01

Provided scholarships to district students who have demonstrated good citizenship, community involvement, and academic achievement throughout their school careers and are seeking higher education.

$108Kprogram 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 · 5 grants · $352K · 2020–2024
Unitemized GrantFY2024$75,402
Unitemized GrantFY2023$69,914
Unitemized GrantFY2022$78,714
Unitemized GrantFY2021$63,365
Unitemized GrantFY2020$64,630

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$278K
Ln 12
Gifts and grantsLn 1h$256K
Investment incomeLn 3$22K
Money outPt IX
$108K
Ln 25
Programscol B$108K
Managementcol C$665
Owns and owesPt X
$665K
net assets · Ln 32
Cash and savingsLn 1–2$111K
Total assetsLn 16$665K
LiabilitiesLn 26$0
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$256K
Investment incomeLn 3$22K
Gains on assetsLn 7−$3K
Total revenueLn 12$278K
Assets in detailPt X, end of year
CashLn 1$28K
SavingsLn 2$83K
Cash and savings togetherLn 1–2$111K
InvestmentsLn 11–13$554K
Total assetsLn 16$665K
LiabilitiesLn 26$0
Net assetsLn 32$665K
OperationsPt I, VI
EmployeesI 50
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 FY23End FY23
Cash and savingsLn 1–2$102K$111K
InvestmentsLn 11–13$394K$554K
Total assetsLn 16$495K$665K
LiabilitiesLn 26$0$0
Net assetsLn 32$495K$665K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$70K$70K
Management feesLn 11a$21K$21K
Accounting feesLn 11c$665$665
Advertising and promotionLn 12$609$609
Other expenses (24a–d)Ln 24$16K$16K
Total functional expensesLn 25$108K$108K$665$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $128K$103K$25K$690K 990 PDF
FY2023 Viewing $278K$108K$169K$665K 990 PDF
FY2022 $121K$119K$1K$495K 990 PDF
FY2021 $112K$84K$28K$494K 990 PDF
FY2020 $156K$78K$77K$466K 990 PDF

More to add? Claim this org

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 FY2023 990 (6 parts)
Part I · Summary $277,715 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $112,195$255,929
I-9 Program service revenue$0
I-10 Investment incomePrior year $8,459$21,786
I-11 Other revenue$0
I-12 Total revenuePrior year $120,654$277,715
I-13 Grants and similar amounts paidPrior year $78,714$69,914
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $40,556$38,302
I-18 Total expensesPrior year $119,270$108,216
I-19 Revenue less expensesPrior year $1,384$169,499
Part VI · Governance 13 of 13 board members independent, 3 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $277,715 across 5 lines filed
VIII-1f All other contributions, gifts and grants$255,929
VIII-1h Total contributions, gifts and grants$255,929
VIII-3 Investment incomeExcluded from tax $24,345$24,345
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$2,559−$2,559
VIII-12 Total revenueExcluded from tax $21,786$277,715
Part IX · Statement of functional expenses $108,216 across 5 lines filed
IX-2 Grants to domestic individualsPrograms $69,914$69,914
IX-11a Management feesPrograms $21,240$21,240
IX-11c Accounting feesManagement $665$665
IX-12 Advertising and promotionPrograms $609$609
IX-24 Other expenses (24a–d)Programs $15,788$15,788
IX-25 Total functional expensesPrograms $107,551 · Management $665 · Fundraising $0$108,216
Part X · Balance sheet $664,935 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $28,536$28,311
X-2 Savings and temporary cash investmentsStart of year $73,079$82,878
X-11 Publicly traded securitiesStart of year $393,821$553,746
X-16 Total assetsStart of year $495,436$664,935
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $495,436$664,935
X-32 Total net assets or fund balancesStart of year $495,436$664,935
X-33 Total liabilities and net assetsStart of year $495,436$664,935
Part XI · Reconciliation of net assets $664,935 net assets at year end
XI-1 Total revenue$277,715
XI-2 Total expenses$108,216
XI-3 Revenue less expenses$169,499
XI-4 Net assets at start of year$495,436
XI-10 Net assets at end of year$664,935

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.