2012-10-23T12:15:06-07:00 2012-06-30 Van Maanen Sietstra & Meyer PC 705 Main Street Pella IA 50219 990 2011-07-01 421374038 Pella Community Foundation PELL 6416288003 PO Box 112 Pella IA 50219 Jim Brandl 2012-10-23 true Colleen Williams CPA 6416283737 2011 2016-02-24 21:20:13Z 342143 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 12 0 96862 222594 14340 18608 36428 53496 47445 147630 342143 51661 68471 0 0 0 0 24087 24161 75748 92632 71882 249511 3947480 3888561 2396817 2201060 1550663 1687501 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 82869 68471 342143 Makes grants to other tax exempt organizations in the City of Pella that will use the grants to increase the quality of life in Pella. Thirty-seven grants were given to charitable organizations totalling $68,471 during the 2011-2012 fiscal year. 82869 true true false false false false false false true true false false false true false true true 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 false false false 0 false false false false false false false false false false false X 12 12 false false false false false false false true true false false false true true true true true true false false false false IA X Jeff Van Maanen 6416283737 705 Main St Pella IA 50219 X Jill Vande Weerd 0.10 0 0 0 Brenda Colvin 0.10 0 0 0 Pete Verhey 0.10 0 0 0 Mary Glendening 0.20 X X 0 0 0 Carla Eysink 0.20 X X 0 0 0 Jim Brandl 1.50 X X 0 0 0 Mary Van Zante 0.10 X 0 0 0 Mark Ellingson 0.20 X 0 0 0 Dave Barnes 0.10 X 0 0 0 Dave Corbin 0.10 X 0 0 0 Dave Erickson 0.20 X X 0 0 0 Curtis Baugh 0.10 X 0 0 0 Greg Stravers 1.00 X 0 0 0 Carrie Ver Ploeg 0.10 X 0 0 0 Barb Kniff -McCulla 0.20 X X 0 0 0 0 false false false 0 222594 222594 Administration fee 18608 18608 18608 53496 53496 0 0 0 0 0 0 0 Estate Bequest#32-6176819 717 717 Estate Bequest#27-6632799 49207 49207 Estate Bequest 32-6176819 -2479 -2479 47445 342143 66053 53496 68471 68471 0 0 0 0 0 0 0 0 0 0 0 8003 8003 0 0 0 0 1412 1412 3863 3863 0 0 1800 1800 0 0 0 0 0 0 0 Printing and Publications 1760 1760 Dues and Subscriptions 700 700 Administrative fees 6623 6623 0 92632 82869 9763 0 647876 365428 0 0 0 0 0 0 0 0 0 1121770 3153220 1954834 0 0 0 223000 369913 3947480 3888561 2396817 2201060 2396817 2201060 X 732835 892145 126994 75041 690834 720315 1550663 1687501 3947480 3888561 X 249511 -112673 X false true true X false false X 113096 187965 212931 111202 241202 866396 0 0 113096 187965 212931 111202 241202 866396 0 866396 82172 14595 22368 36428 51989 207552 0 48952 48952 1122900 0.77160 0.78250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true 1385724 223592 -53100 18471 32716 6623 1498406 1141246 51300 220633 1661 20337 5457 1385724 965740 145145 52970 1602 17474 3533 1141246 false false false 369913 342143 92632 249511 -112673 -112673 136838 342143 342143 342143 205305 112673 112673 92632 92632 Part X 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. Part XIII, Line 2d Part XIII, Line 2d: Other expenses and losses per audited F/S Unrealized Losses on Investments $112673 Part V, Line 4 Part V, Line 4: Intended uses of the endowment fund. The Permanent Endowments are contributions which consist of 13 funds, the contributions were designated as permanent by the contributor, with earnings from the contribution to go to one of the following: to a specified local nonprofit organization, for the operation of the Pella Community Foundation, or for the Undesignated Board determined local grants paid out to the local nonprofits serving the citizens of Pella each year.The Board Designated quasi-permanent endowments are funds received from contributions given for use determined by the Board. These funds are set aside for the Pella Community Foundation's operating costs, or for grants paid out to the local nonprofits serving the citizen's of Pella each year. The earnings on the Permanent Endowment contributions are also set aside for disbursement to the nonprofits whose benefit they were intended to be used and offered each year for disbusement under a spending policy set by the Board. Part IV, Line 2b 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. true Pella Comm School District 210 E University St Pella IA 50219 426038204 6000 0 Mini-grants to teachers- Council for Educational Excellence Dollars for Scholars C/O Chad Klyn -102 E 15th St Pella IA 50219 411985191 8117 0 Earnings Allocation 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 19 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. Form 990, Part VI, Line 12c 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 11 Form 990, Part VI, Line 11: 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.