2011-10-24T09:07:55-07:00 2011-06-30 Van Maanen Sietstra & Meyer PC 705 Main Street Pella IA 50219 990 2010-07-01 421374038 Pella Community Foundation PELL 6416288003 PO Box 112 Pella IA 50219 Jim Brandl 2011-10-01 Colleen Williams CPA 6416283737 2010 2016-03-07 17:11:31Z 147630 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 0 200060 96862 12871 14340 22368 36428 0 235299 147630 51602 51661 0 0 0 0 22068 24087 73670 75748 161629 71882 3046488 3947480 1776625 2396817 1269863 1550663 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 65021 51661 147630 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-four grants were given to charitable organizations totalling $51,661 during the 2010-2011 fiscal year. 65021 true true false false false false false false true true false true 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 Mary Van Zante 0.10 X 0 0 0 Mary Glendening 0.10 X X 0 0 0 Mark Ellingson 0.20 X 0 0 0 Jim Brandl 1.50 X X 0 0 0 Greg Stravers 1.00 X 0 0 0 Dave Erickson 0.20 X X 0 0 0 Dave Corbin 0.10 X 0 0 0 Dave Barnes 0.10 X 0 0 0 Curtis Baugh 0.10 X 0 0 0 Carrie Ver Ploeg 0.10 X 0 0 0 Carla Eysink 0.20 X X 0 0 0 Barb Kniff -McCulla 0.10 X 0 0 0 0 false false false 0 96862 96862 Administration fee 14340 14340 14340 36428 36428 0 0 0 0 0 0 0 0 147630 50768 51661 51661 0 0 0 0 0 0 0 0 0 0 0 8379 8379 0 0 255 255 0 330 330 3318 3318 0 0 1800 1800 0 0 0 0 0 0 0 Printing and Publications 2348 2348 Dues and Subscriptions 2200 2200 Administrative fees 5457 5457 0 75748 65021 10727 0 146418 647876 0 0 0 0 0 0 0 0 0 1020219 1121770 1679851 1954834 0 0 200000 223000 3046488 3947480 1776625 2396817 1776625 2396817 X 586929 732835 25950 126994 656984 690834 1269863 1550663 3046488 3947480 X 71882 208918 X false true true X false false X 192002 113096 187965 212931 111202 817196 0 0 192002 113096 187965 212931 111202 817196 0 817196 71523 82172 14595 22368 36428 227086 0 0 1044282 0.78250 0.83080 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true 1141246 51300 220633 1661 20337 5457 1385724 965740 145145 52970 1602 17474 3533 1141246 949006 125893 -85178 3024 17396 3561 965740 0.50000 0.50000 false false false 1954834 223000 147630 75748 71882 208918 208918 280800 356548 208918 208918 147630 147630 75748 75748 75748 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 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 citizen's 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 access to the TIFF Investment program for foundations and an array of other 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 1 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. 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 attached to an email and sent to all the members of the board for review before filing.