Ida Grove Community Foundation Inc

Ida Grove Community Foundation maintains stable finances with no liabilities and zero officer compensation.

EIN: 200774022 · Ida Grove, IA · NTEE: S20 · Updated: 2026-03-28

$157KRevenue

$526KAssets

90/100Mission Score (Excellent)

S20

About Ida Grove Community Foundation Inc

Ida Grove Community Foundation Inc (EIN: 200774022) is a nonprofit organization based in Ida Grove, IA, classified under NTEE code S20. The organization reported total revenue of $157K and total assets of $526K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ida Grove Community Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Ida Grove Community Foundation Inc. demonstrates consistent financial health with a stable asset base and no reported liabilities across its recent filings. For the fiscal year 2023, the organization reported revenues of $125,257 against expenses of $97,829, indicating a positive operating margin. The foundation's assets have grown over time, reaching $466,291 in 2023, up from $369,628 in 2018, showcasing prudent financial management and growth in its endowment or investment funds. The organization's transparency is high, particularly given its consistent reporting of zero officer compensation, which suggests a volunteer-driven leadership model or very low administrative overhead related to executive pay.

Spending efficiency appears strong, with expenses consistently lower than revenues in recent years, allowing for asset accumulation. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the absence of officer compensation implies a significant portion of funds likely goes directly to its charitable purpose or is retained for future grantmaking. The foundation's consistent filing of IRS Form 990s over 17 periods further underscores its commitment to regulatory compliance and transparency, providing a clear historical record of its financial activities. The lack of liabilities is a significant positive indicator of financial stability.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Ida Grove Community Foundation Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Ida Grove Community Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all provided filing periods, indicating a volunteer-led executive structure or that any compensation is below reporting thresholds, which is highly efficient for a foundation of its size.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Strengths

The following positive indicators were identified for Ida Grove Community Foundation Inc:

Consistent positive net assets and no reported liabilities, indicating strong financial health.
Zero officer compensation reported, suggesting highly efficient administrative costs.
Long history of IRS 990 filings (17 filings), demonstrating commitment to transparency and compliance.
Revenues consistently exceeding expenses in recent years, allowing for asset growth.
Stable asset base, growing from $369,628 in 2018 to $466,291 in 2023.

Frequently Asked Questions about Ida Grove Community Foundation Inc

Is Ida Grove Community Foundation Inc. financially stable?

Yes, the foundation appears financially stable, consistently reporting positive net assets, no liabilities, and revenues exceeding expenses in most recent years. For example, in 2023, assets were $466,291 with $0 liabilities.

How does the foundation manage executive compensation?

The foundation reports 0% officer compensation in all provided filings, suggesting a highly efficient, likely volunteer-driven, leadership model.

Has the foundation's asset base grown over time?

Yes, the foundation's assets have shown growth, increasing from $369,628 in 2018 to $466,291 in 2023, indicating successful asset management and accumulation.

Filing History

IRS 990 filing history for Ida Grove Community Foundation Inc showing financial trends over 17 years of public records:

Total assets increased by 46629000% over the same period, from $1 to $466K. In its most recent filing year (2023), Ida Grove Community Foundation Inc reported a surplus of $27K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$125K	$98K	$466K	$0	—	View 990
2022	$139K	$106K	$547K	$0	—	View 990
2021	$102K	$82K	$525K	$0	—	—
2020	$100K	$72K	$490K	$0	—	View 990
2019	$154K	$38K	$467K	$0	—	View 990
2018	$263K	$263K	$370K	$0	—	—
2017	$0	$0	$1	$0	—	—
2016	$0	$0	$1	$0	—	—
2015	$0	$0	$1	$0	—	—
2014	$0	$0	$1	$0	—	—
2013	$0	$0	$1	$0	—	—
2012	$0	$0	$1	$0	—	—
2011	$0	$0	$1	$0	—	—
2010	$0	$0	$1	$0	—	—
2009	$0	$0	$1	$0	—	—
2008	$0	$0	$1	$0	—	—
2007	$0	$0	$1	$0	—	—

Year-by-Year Financial Summary

2023: Revenue of $125K, expenses of $98K, and assets of $466K (revenue -10.1% year-over-year).
2022: Revenue of $139K, expenses of $106K, and assets of $547K (revenue +37.1% year-over-year).
2021: Revenue of $102K, expenses of $82K, and assets of $525K (revenue +1.8% year-over-year).
2020: Revenue of $100K, expenses of $72K, and assets of $490K (revenue -35.3% year-over-year).
2019: Revenue of $154K, expenses of $38K, and assets of $467K (revenue -41.4% year-over-year).
2018: Revenue of $263K, expenses of $263K, and assets of $370K.
2017: Revenue of $0, expenses of $0, and assets of $1.
2016: Revenue of $0, expenses of $0, and assets of $1.
2015: Revenue of $0, expenses of $0, and assets of $1.
2014: Revenue of $0, expenses of $0, and assets of $1.
2013: Revenue of $0, expenses of $0, and assets of $1.
2012: Revenue of $0, expenses of $0, and assets of $1.
2011: Revenue of $0, expenses of $0, and assets of $1.
2010: Revenue of $0, expenses of $0, and assets of $1.
2009: Revenue of $0, expenses of $0, and assets of $1.
2008: Revenue of $0, expenses of $0, and assets of $1.
2007: Revenue of $0, expenses of $0, and assets of $1.

Data Sources and Methodology

This transparency report for Ida Grove Community Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.