Bettendorf Community Schools Foundation
- Assets
- $658.4k
- Revenue
- $50.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Bettendorf, IA
- Founding
- 04/1986
- Data as of
- 06/2022
- EIN
- 42-1251037
Organization Overview
Bettendorf Community Schools Foundation is located in Bettendorf, IA. The organization was established in 1986. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bettendorf Community Schools Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Bettendorf Community Schools Foundation generated $50.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $117.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE EDUCATIONAL OPPORTUNITIES FOR K-12 STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS TO INDIVIDUALS IN ORDER TO CONTINUE TO POSTSECONDARY EDUCATION BASED ON DONORS SPECIFICATIONS
GRANTS TO BETTENDORF PUBLIC SCHOOL DISTRICT FOR EDUCATION SERVICES NOT PROVIDED BY SCHOOL DISTRICT NORMAL OPERATING BUDGET
SCHOLARSHIPS PAID DIRECTLY TO THE PROVIDER FOR STUDENTS AGE 10-14 TO COVER COSTS OF ATHLETIC CAMPS, ATHLETIC LESSONS, ATHLETIC EQUIPMENT, MUSIC LESSONS, MUSIC CAMPS, INSTRUMENT PURCHASE OR RENTAL, ART CLASSES/LESSONS, ART CAMPS, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Lemoine Administration | 20 | $20,188 | |
Christine Zimmerman Trustee | OfficerTrustee | 1 | $0 |
Kelsey Hartog President | OfficerTrustee | 4 | $0 |
Betsy Matt Turner Secretary | OfficerTrustee | 4 | $0 |
Chris Kreig Trustee | OfficerTrustee | 4 | $0 |
Gretchen Farwell Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | -$9,902 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | -$9,902 |
| Total Program Service Revenue | $0 |
| Investment income | $23,681 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $36,794 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $50,573 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $54,413 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,240 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $136 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $117,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $111,681 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $334,687 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $211,998 |
| Total assets | $658,366 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $211,998 |
| Total liabilities | $211,998 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $446,368 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $658,366 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Bettendorf Community Schools Foundation has recieved totaling $69,037.
| Awarding Organization | Amount |
|---|---|
Eau Claire Community Foundation Eau Claire, WI PURPOSE: BEYOND THE BELLS AFTER SCHOOL PROGRAM | $39,097 |
Quad Cities Community Foundation Bettendorf, IA PURPOSE: GENERAL SUPPORT | $28,900 |
Martin D And Barbara H Rich Family Charitable Foundation Davenport, IA PURPOSE: OPERATING NEEDS | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $40 |
Endowment Analysis
| Beg. Balance | $643,394 |
| Earnings | -$73,792 |
| Net Contributions | $1,100 |
| Other Expense | $4,240 |
| Grants | $13,400 |
| Ending Balance | $553,062 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Milwaukee Foundation Inc Milwaukee, WI | $1,114,706,959 | $151,763,598 |
Thrivent Charitable Impact & Investing Appleton, WI | $809,708,853 | $138,812,775 |
Community Fdn Of Greater Des Moines Des Moines, IA | $756,930,676 | $144,988,273 |
Greater Green Bay Community Foundation Inc Green Bay, WI | $158,723,657 | $42,186,646 |
Omaha Community Foundation Donor Directed Depository Omaha, NE | $49,176,399 | $38,155,808 |
Nebraska Community Foundation Lincoln, NE | $227,749,373 | $20,781,363 |
Community Foundation For The Fox Valley Region Inc Appleton, WI | $500,269,949 | $60,999,391 |
Madison Community Foundation Madison, WI | $285,628,719 | $40,248,600 |
Elks National Foundation Inc Chicago, IL | $936,472,552 | $62,047,958 |
Sioux Falls Area Community Foundation Inc Sioux Falls, SD | $264,068,911 | $59,923,672 |
Lincoln Community Foundation Inc Lincoln, NE | $161,472,860 | $29,470,305 |
Community Foundation Of The Ozarks Inc Springfield, MO | $393,798,423 | $57,110,719 |