Comm Foundation of Carroll County Inc

What it reported doing in 2024

The Organization directly administers multiple funds, including ninr endowment funds, according to the federal and state requirements, and the National Standards for Community Foundations. The majority of the direct support for the Organization is received from the State of Iowa, currently for the benefit of Carroll County and Sac County. Of those funds, 25% are required to be placed in permanent endowments for the benefit of the citizens of Carroll County and Sac County. The remaining funds from the State are to be used for the public benefit of each county to enhance the cultural, educational, and recreational opportunities, as well as for the public health and safety of local communities and other community opportunities. The Organization will only provide grants to qualified projects meeting the charitable objectives to benefit community citizens and to governmental organizations or those recognized as eligible charitable organizations under 26 U.S.C. 501(c)(3) or those similarly qualified. Similarly, the Organization administers its other funds to meet their stated functions, under the Organization's governing criteria.During the current year the Organization awarded 40 grants for the following types of projects: flooring replacement for American legion, shelter house improvements, toys for a daycare, security cameras for a daycare, lighting and fencing for baseball field, kayaks & trailers for conservation board, sending kids with cancer to summer camp, community sign, tanker truck for fire department, industrial fans for county fair, infant room, facility improvements, cooler and compressor, smart tv and computer for senior center, church restoration and repair, break area for staff of mental health center, handicapped accessible bus, trail resurfacing, nature play addition, playground expansion, facility for wrestling club, improvements for rec center, contribution to community center, and entrace sign for local community.

Financial Efficiency

• Mission deployment rate: 87.7%; rating input score 88
• Program expense ratio: 94.8%; rating input score 95
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 90%; rating input score 90; 9th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 94.1%; rating input score 94; 54th percentile among comparable filings
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 4 of 7 controls in place; rating input score 57
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Fail
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 10.4%; rating input score 61; 61st percentile among comparable filings
• Total-asset coverage ratio: 4.53; rating input score 77; 77th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

• Program expense growth: 6.9% per year; rating input score 100; 61st percentile among comparable filings
• Revenue growth: 7.2% per year; rating input score 100; 63rd percentile among comparable filings
• Asset growth: 11.8% per year; rating input score 100; 70th percentile among comparable filings