Job Foundation
- Assets
- $245.2k
- Revenue
- $404.1k
- Investments
- $0.0
- Employees
- 14
- Location
- Cedar Falls, IA
- Founding
- 09/2006
- Data as of
- 06/2022
- EIN
- 20-3091308
Organization Overview
Job Foundation is located in Cedar Falls, IA. The organization was established in 2006. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2022, Job Foundation employed 14 individuals. This organization is the central organization for a national or regional group of organizations. Job Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Job Foundation generated $404.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 34.5% each year . All expenses for the organization totaled $437.8k during the year ending 06/2022. While expenses have increased by 38.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FINANCIAL STEWARDSHIP EDUCATION AND MENTORING PROGRAM FOR FINANCIALLY DISADVANTAGED YOUTH AND THEIR FAMILY MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL STEWARDSHIP MENTORING PROGRAM PROVIDED FINANCIAL, EDUCATION, MENTORING AND EARNED RESOURCES TO 78 YOUTH AND THEIR FAMILIES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Mchone Executive Director | Officer | 45 | $77,124 |
Michael Brost President | Officer | 5 | $0 |
John W Harris Secretary | Officer | 1 | $0 |
Heidi Verhagen Treasurer | Officer | 2 | $0 |
Greg Hoekstra Board Member | Trustee | 3 | $0 |
Sara Miller Board Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $403,914 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $403,914 |
| Total Program Service Revenue | $0 |
| Investment income | $192 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $404,106 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $77,124 |
| Compensation of current officers, directors, key employees. | $25,708 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $212,214 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $61 |
| Payroll taxes | $25,082 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,130 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $60 |
| Office expenses | $13,635 |
| Information technology | $11,511 |
| Royalties | $0 |
| Occupancy | $16,800 |
| Travel | $1,476 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $364 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,074 |
| Insurance | $2,326 |
| All other expenses | $194 |
| Total functional expenses | $437,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,708 |
| Savings and temporary cash investments | $99,287 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $7,381 |
| Investments—publicly traded securities | $79,845 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $245,221 |
| Accounts payable and accrued expenses | $2,518 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,518 |
| Net assets without donor restrictions | $242,703 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $245,221 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Job Foundation has recieved totaling $120,421.
| Awarding Organization | Amount |
|---|---|
Otto Schoitz Foundation Waterloo, IA PURPOSE: OPERATING SUPPORT | $38,121 |
Cuna Mutual Group Foundation Inc Madison, WI PURPOSE: CHARITABLE | $20,000 |
Max And Helen Guernsey Charitable Foundation Waterloo, IA PURPOSE: FINANCIAL STEWARDSHIP PROGRAM | $15,000 |
Cedar Valley United Way Waterloo, IA PURPOSE: GRANT FOR SPECIFIC PROGRAM SUPPORT. | $13,000 |
Duroe Family Foundation Waterloo, IA PURPOSE: WINTER CLOTHING AND HOLIDAY MEALS | $11,300 |
Gallagher Family Foundation Waterloo, IA PURPOSE: EDUCATION SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Equity Fund Inc Chicago, IL | $118,912,735 | $59,533,345 |
Iowa Student Loan Liquidity Corp West Des Moines, IA | $1,230,053,718 | $45,688,659 |
National Merit Scholarship Corporation Evanston, IL | $183,825,978 | $50,191,294 |
Northstar Education Finance Inc Eagan, MN | $1,293,468,719 | $40,177,777 |
Evans Scholars Foundation Glenview, IL | $101,873,087 | $62,566,812 |
Northwestern Mutual Life Foundation Inc Milwaukee, WI | $106,326,341 | $38,353,841 |
Scholarship America Inc Minneapolis, MN | $219,130,905 | $29,933,482 |
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |
Waitt Foundation North Sioux City, SD | $157,175,219 | $6,009,824 |