2015-10-28T07:06:20-07:00 2015-06-30 Van Maanen Sietstra Meyer & Nikkel PC 705 Main Street Pella IA 50219 990 2014-07-01 421374038 Pella Community Foundation PELL 6416288003 PO Box 112 Pella IA 50219 Jim Brandl President 2015-10-27 true Colleen Williams CPA P00087869 6416283737 2014 2016-04-25 22:37:26Z 324246 false false X N/A X 1991 IA The basic purpose of the Foundation is to enhance the heritage and the quality of life of the people of Pella by facilitating and supporting the work of the non-profit organizations of the area. 12 12 0 13 0 385528 265979 11601 10873 281365 47394 0 678494 324246 265593 298699 0 0 0 428 15327 14131 280920 312830 397574 11416 5063022 4723690 2152293 1801545 2910729 2922145 The basic purpose of the Foundation is to enhance the heritage and the quality of life of the people of Pella by facilitating and supporting the work of the non-profit organizations of the area. false false 303802 298699 10873 Makes grants to other tax exempt organizations in the area of Pella that will use the grants to increase the quality of life in Pella. Forty-two grants were given to charitable organizations totalling $298,699 during the 2014-2015 fiscal year. 303802 true true false false false false false false true false false false false false false true false false false false false false false false false false 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 true 0 0 false 0 false false false false false false false false false 0 false false false false false false false false false false X 12 12 false false false false false false false true true false false true true true true true true false false false IA X Jeff Van Maanen 6416283737 705 Main St Pella IA 50219 X Brenda Colvin Director 0.10 0.00 X 0 0 0 Les Fuller Director 0.10 0.00 X 0 0 0 Mary Glendening Vice President 0.20 0.00 X X 0 0 0 Tami Putnam Director 0.10 0.00 X 0 0 0 Dave Erickson Treasurer 0.20 0.00 X X 0 0 0 Frank VandenBosch Director 0.10 0.00 X 0 0 0 Mark Recker Director 0.10 0.00 X 0 0 0 Ardith Sutphen Secretary 0.20 0.00 X X 0 0 0 Mary Van Zante Director 0.10 0.00 X 0 0 0 Roger Stoll Director 0.10 0.00 X 0 0 0 Pete Verhey Chairman 0.20 0.00 X X 0 0 0 Mike Montgomery Director 0.10 0.00 X 0 0 0 Jim Brandl President 1.50 0.00 X 0 0 0 0 false false false 0 265979 265979 Administration fee 9955 9955 Grant reimbursement 918 918 10873 47394 47394 0 0 0 0 0 0 0 0 324246 58267 298699 298699 0 0 0 0 0 0 0 0 0 0 0 8600 8600 0 0 0 0 837 837 1377 1377 0 0 0 0 0 0 0 0 0 0 Printing and Publications 1930 1502 428 Dues and Subscriptions 1387 1387 0 312830 303802 8600 428 350981 447843 0 0 0 0 0 0 0 0 0 4366990 4063401 345051 212446 0 0 0 5063022 4723690 2152293 1801545 2152293 1801545 X 2910729 2922145 2910729 2922145 5063022 4723690 11416 X true X true X true false X 111202 241202 963251 397129 276852 1989636 0 0 111202 241202 963251 397129 276852 1989636 0 1989636 36428 51989 58896 96534 47394 291241 0 48952 48952 2329829 0.85400 0.85940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X PRIVATE EQUITY FUNDS 119561 F COMMODITY FUNDS 92885 F X Part IV, Line 2b: Explanation of escrow account liability Several local nonprofits have chosen to invest some of their funds through the Pella Community Foundation's investments. The Pella Community Foundation has an investment program that allows for a diversified portfolio of investments. This has allowed local nonprofits to diversify their portfolios more than would have been possible on their own. The Pella Community Foundation and the local nonprofits have an agency agreement, where the investing nonprofits have signed an agreement that they have accepted the risk of these investments. Distributions (up to 100% of the Fund balance) of the Fund is pursuant to requests of the Agency submitted in writing authorizing such distributions. The resolution shall state the specific reason(s) for the request and describe why such distribution would further the legitimate interests of the Agency and how the fiduciary responsibilities to prior contributions will be fulfilled. Any such distribution of the Fund's principal, in whole or in part, shall be subject to the approval of the Foundation's Board of Directors, which shall not be unreasonably withheld, and will be made within 90 days of the required approvals. The Foundation provides a written statement to the Agency no later than 30 days after the end of each quarter showing the performance and activity of the Fund. The fee to administer the investments by the foundation is .5% of the market value of the Funds assets at the fiscal year-end. Part V, Line 4: Intended uses of the endowment fund. The amounts previously held as Permanent Endowments or quasi-permanent endowment have been reclassified as unrestricted. The Community Foundation has variance powers which allow gifts to be reclassified if the original use is not practical or becomes difficult to administer, as such, no contributions can be considered permanent. In accordance with the reclassification in the audit, all net assets are now considered unrestricted unless a time element would release a temporary restriction. Part X : FIN48 Footnote It is the opinion of management that the Foundation had no uncertain tax positions that would be subject to Interpretation No. 48. true Dollars for Scholars 102 E 15th St Pella IA 50219 411985191 24633 0 Earnings Allocation Wesley Life Main St Pella IA 50219 200000 0 Senior Housing Development 2 0 Grantmaker's Description of How Grants are Used Local nonprofits submit grants to the Pella Community Foundation each year requesting funds to help them meet their charitable purpose. The grants are evalauted by a committee of the Pella Community Foundation and rated by all the members of the committee. A weighted average is then calculated to determine which grant applications will be funded and for how much. Before grants are paid out to the local nonprofits, they are required to sign a document that states that the grant will be used as described in their application, and they will submit proof to the Pella Community Foundation of their expenditure in accordance with their grant application.In addition, there are grants paid out related to a spending rate set by the board on invested permanent endowment and agency funds. These grants are requested by the owner of the agency funds, or the designated beneficiary of the permanent endowment fund. All owners or beneficiaries are tax exempt nonprofits within the local area as determined by the Pella Community Foundation's exempt purpose. Form 990, Part VI, Line 11b: Form 990 Review Process The 990 was sent to a secure electronic portal to which all the members of the board were given a password to review 990 and comment on any items they questioned before filing. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts The officers, directors and key employees are required annually to disclose any interests that could give rise to conflicts. If a conflict of interest exists that person may make a factual presentation to the board or committee, but after such presentation shall leave the meeting during discussion of and the vote on the transaction or arrangement that results in the conflict of interest. If appropriate, the President or committee, shall appoint a disinterested person to committee to investigate alternatives to the proposed transaction or arrangement.If the board or committe has reasonable cause to believe that a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the response of the member and making such further investigation as may be warranted in the circumstances, the board or committee determined that the member in fact failed to disclose an actual or possible conflict of interest, it shall take appropriated disciplinary and corrective actions. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Financial statements are published in an annual report that is sent out to all past contributors and are made available to all local organizations, law offices, financial planners and is also available to the public on line at the organization's website. Governing documents, policies and the tax return are available on request.