Manning Betterment Foundation C/o Aaron Stangl Treasurer
Nonprofit profile at a glance
- EIN
- 421427287
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Manning, IA, USA
- Phone
- 7126553557
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Economic Development
Reported finances
- Revenue
- $738,343
- Expenses
- $731,478
- Assets
- $1,479,578
- Liabilities
- $5,747
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
People named in this filing
- KEVIN BOYLE (DIRECTOR/VIC)
- JOSEPH MAAS (DIRECTOR)
- BRAD VOLLSTEDT (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purpose/mission of the manning betterment foundation is: 1-to encourage pride, identify needs, and stimulate social and economic development; devise ways to diversify in order to meet future needs and challenges and to establish a sense of community. 2-to encourage, stimulate, and promote economic and social development of our community through marketing, promotion, and development of our people, products, and resources. 3-to provide the best opportunity for economic and social growth and development through planning and coordination of the people, products, and resources of the manning area. Ideas will be formulated and carried out; leaders will be identified and developed; and a sense of community pride will be fostered and promoted.
What it reported doing in 2024
The creation of additional jobs within the community was accomplished by attracting a new business to the city of manning. The foundation aided this effort by constructing a new building and leasing office space to this new business. In addition, a portion of the building was remodeled for the purpose of establishing a child care center so that employees attracted by the new jobs would have child day care services available as well. The foundation continues looking for opportunities for new business to come to the community. Real estate that is owned is for sale or can be remodeled to suit the buyer. In addition, the foundation continues to support the child care center which provides necessary day care services for employees of new businesses. An added subsidiary benefit of the child care center is the additional jobs it has provided to people in the community.
Operating model
- Revenue model
- Earned-program. 88% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 92
- Accountability: 70
- Sustainability: 56
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 97.8%; rating input score 98
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 0.9%; rating input score 39; 39th percentile among comparable filings
- Total-asset coverage ratio: 2.02; rating input score 65; 65th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 75; 75th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 9.8% per year; rating input score 100; 62nd percentile among comparable filings
- Revenue growth: 9% per year; rating input score 100; 63rd percentile among comparable filings
- Asset growth: -0.1% per year; rating input score 0; 17th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 97.8% of spending went to programs
- Governance: 14 of 14 board members independent · 2 of 7 filing controls reported
- Programs: 2 filed program accomplishments · $715K in reported program spending
- Leadership: top reported pay $0 · 14 people listed
- Consistency: 24 of 24 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Governance controls: 4 of 6 not reported.
- Moderate — Sustainability: Operating margin scored 39/100.
- High — Growth: Asset growth scored 0/100.