2021-09-13T09:01:16-07:00 2021-06-30 391894710 TP ANDERSON & COMPANY PC CPAS 528 Sumner Avenue HUMBOLDT IA 50548 990 2020-07-01 830993675 Exceptional Opportunities Foundation Inc EXCE 5153953251 119 South Jones St Algona IA 50511 Jean Menning Executive Director 2021-09-13 true Jean Menning 999009999 Aaron Olson P01745702 5153323466 2 AAL1 IAL1 FAL1 2020 2022-09-23 18:48:47Z Jean Menning 119 South Jones St Algona IA 50511 3763389 false X N/A X IA The primary purpose of the not for profit is to support and benefit Exceptional Opportunities, Inc. and all the income of the foundation shall be distributed to or for the benefit of Exceptional Opportunities, Inc. 9 7 0 0 2500 0 -483230 123066 0 -483230 125566 259600 0 0 0 0 0 33405 17751 293005 17751 -776235 107815 4414263 4716021 0 4414263 4716021 The primary purpose of the not for profit is to support and benefit Exceptional Opportunities, Inc. and all the income of the foundation shall be distributed to or for the benefit of Exceptional Opportunities, Inc. false false To improve the lives of individuals with intellectual disabilities served by Exceptional Opportunities, Inc, a not-for-profit organization organized under Section 501(c)(3) of the Internal Revenue Code. true false false false false false false false false false false false false false false true false true false false false false false false false false false false false false false false false false false false false false false false false false false true false false false true 0 0 false 0 false false false false false false false 0 false false false false false false false X 9 7 false false false false false false false true true false false true true true true true true true true false X Jean Menning 5153953251 119 South Jones St Algona IA 50511 Jean Menning Executive Dir. 1.00 45.00 X 0 125985 0 Judy Junkermeier Secretary 1.00 0.00 X X 0 0 0 Bob Christensen Director 1.00 0.00 X 0 0 0 Dennis Holmes Director 1.00 0.00 X 0 0 0 Judy Weber President 1.00 0.00 X X 0 0 0 Lynn Jenson Director 1.00 0.00 X 0 0 0 Walter Renger Director 1.00 0.00 X 0 0 0 Brien Rindone Director 1.00 0.00 X 0 0 0 Judy Haag Vice President 1.00 0.00 X X 0 0 0 Rebecca Lewis Director 1.00 0.00 X 0 0 0 125985 0 false false false 0 2500 2500 0 100060 100060 0 0 0 3660829 3637823 23006 23006 23006 0 0 0 0 125566 23006 100060 0 0 0 0 0 0 0 0 0 0 0 0 1509 1509 0 0 16242 16242 0 0 0 0 0 0 0 0 0 0 0 0 0 0 17751 0 17751 0 0 228400 0 0 0 0 0 0 0 0 4414263 4487621 0 0 0 0 4414263 4716021 0 0 X 4414263 4716021 4414263 4716021 4414263 4716021 107815 193943 X false true X true false X X 1 Exceptional Opportunities Inc 420953931 10 false 0 0 1 0 true false false false false false false false false false false false false false false true false X Part X : FIN48 Footnote The Organization is a not-for-profit organization exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and classified by the Internal Revenue Service as other than a private foundation.U.S. generally accepted accounting principles impose a threshold for determining when an income tax benefit can be recognized. The threshold imposed for financial statement reporting is generally higher than the threshold imposed for claiming deductions in income tax returns. As of June 30, 2021 and 2020, the Organization had not identified any uncertain income tax positions that would give rise to the recognition of income tax assets or liabilities under generally accepted accounting principles. Because no uncertain income tax positions have been identified, no accrued interest or penalties have been accrued as of June 30, 2021 and 2020. The Organization files income tax returns in the U.S. federal jurisdiction. No returns have been subject to audit in any jurisdiction in the last 3 years and the statute of limitations for federal returns remains open for returns filed for 2018, 2019 and 2020. Management continues to monitor changes in tax law and new authoritative rulings for possible effects on the Organization. Form 990, Part VI, Line 11b: Form 990 Review Process The audit committee will meet with the independent auditor to review the audit. At least one member of the audit committee will have adequate financial knowledge to analyze and reasonably assess the financial statements and the competency of the auditing firm. The accountant will provide support as needed to the audit committee during the review of the audit prior to full board review. The Form 990 will be reviewed by the full board of directors at the September board meeting. They shall then take action to approve or reject the submission of the Form 990. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Each director, principal officer, and member of a committee with governing board-delegated powers shall annually sign a statement attesting to the fact that he/she has received a copy of the conflict-of-interest policy, has read and understands the policy, and understands the organization is charitable and that in order to maintain its Federal tax exemption, it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management The finance committee meets in a closed session and uses information from Guidestar, comparison of Forms 990, and the Iowa Association of Community Providers survey to make the decisions of compensation. Performance is evaluated on an annual basis. A voting member of the governing board who receives compensation is precluded from voting on matters pertaining to his/her compensation. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees The finance committee meets in a closed session and uses information from Guidestar, comparison of Forms 990, and the Iowa Association of Community Providers survey to make the decisions of compensation. Performance is evaluated on an annual basis. A voting member of the governing board who receives compensation is precluded from voting on matters pertaining to his/her compensation. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available The Form 990 is kept on file at the organization's offices to be available for public inspection. Exceptional Opportunities Inc 119 S Jones St Algona IA 50511 420953931 Living services to disabled persons IA 501(c)(3) 10 N/A false false false false false false false false false false false false false false false false false false false false