Keokuk Area Community Foundation

Keokuk Area Community Foundation shows consistent asset growth and zero reported officer compensation.

EIN: 201838372 · Keokuk, IA · NTEE: T31 · Updated: 2026-03-28

$11.4MRevenue

$32.9MAssets

92/100Mission Score (Excellent)

T31

About Keokuk Area Community Foundation

Keokuk Area Community Foundation (EIN: 201838372) is a nonprofit organization based in Keokuk, IA, classified under NTEE code T31. The organization reported total revenue of $11.4M and total assets of $32.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Keokuk Area Community Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Keokuk Area Community Foundation demonstrates a strong financial position with consistent asset growth, reaching $20,610,055 in 2023. The organization's revenue has fluctuated, with a notable peak of $5,560,984 in 2020, but has remained robust in recent years, reporting $1,876,895 in 2023. Their spending efficiency appears healthy, as expenses in 2023 were $1,208,444 against revenue of $1,876,895, indicating a significant portion of revenue is retained or directed towards future programs and asset building. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency and a commitment to directing funds towards the community rather than executive salaries, which is a positive indicator for donors.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Keokuk Area Community Foundation with a Mission Score of 92 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, Keokuk Area Community Foundation 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

Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received reportable compensation from the organization. This is a strong positive for a community foundation of its size, suggesting a high dedication to mission over administrative salaries.

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 Keokuk Area Community Foundation:

Consistent asset growth, from $3.5M in 2014 to over $20M in 2023.
Zero reported officer compensation across all filings, indicating high efficiency and transparency.
Expenses consistently lower than revenue, allowing for asset building and future program investment.
Strong financial stability with a healthy asset-to-liability ratio.

Frequently Asked Questions about Keokuk Area Community Foundation

Is Keokuk Area Community Foundation a good charity?

Based on the provided data, the Keokuk Area Community Foundation appears to be a very good charity. It demonstrates strong financial health with growing assets, efficient spending (expenses are consistently lower than revenue), and a notable commitment to transparency by reporting 0% officer compensation.

How has the organization's financial health changed over time?

The organization has shown significant growth in assets, from $3,508,423 in 2014 to $20,610,055 in 2023. Revenue has also grown substantially over the decade, despite some year-to-year fluctuations, indicating a strong and expanding financial base.

What is the organization's approach to executive compensation?

The Keokuk Area Community Foundation consistently reports 0% officer compensation in all available filings, suggesting that its leadership either volunteers their time or is compensated through other means not reportable as officer compensation, which is a strong indicator of fiscal responsibility and dedication to the mission.

Filing History

IRS 990 filing history for Keokuk Area Community Foundation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Keokuk Area Community Foundation's revenue has grown by 1963.8%, moving from $91K to $1.9M. Total assets increased by 31520.2% over the same period, from $65K to $20.6M. Total functional expenses rose by 1188%, from $94K to $1.2M. In its most recent filing year (2023), Keokuk Area Community Foundation reported a surplus of $668K, with revenue exceeding expenses. The organization holds $4.5M in liabilities against $20.6M in assets (debt-to-asset ratio: 21.9%), resulting in net assets of $16.1M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.9M	$1.2M	$20.6M	$4.5M	—	—
2022	$2.0M	$1.1M	$16.6M	$1.9M	—	View 990
2021	$2.1M	$892K	$19.9M	$2.1M	—	View 990
2020	$5.6M	$866K	$18.0M	$1.9M	—	View 990
2019	$4.4M	$393K	$10.7M	$1.7M	—	View 990
2018	$1.3M	$332K	$5.2M	$763K	—	View 990
2017	$534K	$309K	$4.6M	$773K	—	View 990
2016	$487K	$257K	$4.0M	$676K	—	View 990
2015	$687K	$286K	$3.6M	$659K	—	View 990
2014	$506K	$269K	$3.5M	$711K	—	View 990
2013	$1.4M	$246K	$3.3M	$726K	—	View 990
2012	$381K	$135K	$2.1M	$688K	—	View 990
2011	$91K	$94K	$65K	$2K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.9M, expenses of $1.2M, and assets of $20.6M (revenue -4.5% year-over-year).
2022: Revenue of $2.0M, expenses of $1.1M, and assets of $16.6M (revenue -8.2% year-over-year).
2021: Revenue of $2.1M, expenses of $892K, and assets of $19.9M (revenue -61.5% year-over-year).
2020: Revenue of $5.6M, expenses of $866K, and assets of $18.0M (revenue +26.8% year-over-year).
2019: Revenue of $4.4M, expenses of $393K, and assets of $10.7M (revenue +233.8% year-over-year).
2018: Revenue of $1.3M, expenses of $332K, and assets of $5.2M (revenue +146.0% year-over-year).
2017: Revenue of $534K, expenses of $309K, and assets of $4.6M (revenue +9.7% year-over-year).
2016: Revenue of $487K, expenses of $257K, and assets of $4.0M (revenue -29.1% year-over-year).
2015: Revenue of $687K, expenses of $286K, and assets of $3.6M (revenue +35.6% year-over-year).
2014: Revenue of $506K, expenses of $269K, and assets of $3.5M (revenue -64.7% year-over-year).
2013: Revenue of $1.4M, expenses of $246K, and assets of $3.3M (revenue +276.3% year-over-year).
2012: Revenue of $381K, expenses of $135K, and assets of $2.1M (revenue +319.2% year-over-year).
2011: Revenue of $91K, expenses of $94K, and assets of $65K.

Data Sources and Methodology

This transparency report for Keokuk Area Community Foundation 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.