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Community Foundation of Carroll County

EIN 20-1413585 · Carroll, IA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair69 out of 100GovernanceGood86 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

The Organization's purpose is to administer various charitable funds, including funds received from the State of Iowa to be used for the benefit of the citizens of Carroll and Sac counties. The Organization administers and grows various 501(c)(3) endowment funds, including those endowment funds created for each county under state statute, for the benefit of Iowa citizens.

Income
$474,984
Spending
$425,730
Spent on programs
95%
Reserves
0.6 months of spending
Largest source of income
government grants, 66%
Employees
0
Volunteers
9

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 69 out of 100. Higher than 28% of charities in its peer group (philanthropy, $250k to $1m).

  • Reserves

    4 of 35

    Spendable reserves would cover 0.6 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 10% of income.

  • Income trend

    15 of 15

    Income rose 6% on the year before.

  • Spending floor

    15 of 15

    95% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 86 out of 100. Higher than 70% of charities in its peer group (philanthropy, $250k to $1m).

  • Independent board

    25 of 25

    9 of 9 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Independent check of accounts

    12 of 15

    Its accounts were reviewed or compiled by an independent accountant, but not audited.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $403,519 spent. The Organization directly administers multiple funds, including ninr endowment funds, according to the federal and state requirements, and the National Standards for Community Foundations. The majority of the direct support for the Organization is received from the State of Iowa, currently for the benefit of Carroll County and Sac County. Of those funds, 25% are required to be placed in permanent endowments for the benefit of the citizens of Carroll County and Sac County. The remaining funds from the State are to be used for the public benefit of each county to enhance the cultural, educational, and recreational opportunities, as well as for the public health and safety of local communities and other community opportunities. The Organization will only provide grants to qualified projects meeting the charitable objectives to benefit community citizens and to governmental organizations or those recognized as eligible charitable organizations under 26 U.S.C. 501(c)(3) or those similarly qualified. Similarly, the Organization administers its other funds to meet their stated functions, under the Organization's governing criteria.During the current year the Organization awarded 40 grants for the following types of projects: flooring replacement for American legion, shelter house improvements, toys for a daycare, security cameras for a daycare, lighting and fencing for baseball field, kayaks & trailers for conservation board, sending kids with cancer to summer camp, community sign, tanker truck for fire department, industrial fans for county fair, infant room, facility improvements, cooler and compressor, smart tv and computer for senior center, church restoration and repair, break area for staff of mental health center, handicapped accessible bus, trail resurfacing, nature play addition, playground expansion, facility for wrestling club, improvements for rec center, contribution to community center, and entrace sign for local community.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since October 2004.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

  7. Could it be confused with another charity? Worth knowing.

    A much larger organization has a similar name: Community Foundation of Elkhart County Inc (Elkhart, IN), EIN 31-1255886. If that is the one you meant, check the EIN before giving.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.