Community Foundation For Western Iowa
- Assets
- $44.6m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 7
- Location
- Council Bluffs, IA
- Founding
- 08/2008
- Data as of
- 12/2023
- EIN
- 26-1382215
Organization Overview
Community Foundation For Western Iowa is located in Council Bluffs, IA. The organization was established in 2008. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Community Foundation For Western Iowa employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation For Western Iowa 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 12/2023, Community Foundation For Western Iowa generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $5.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Community Foundation For Western Iowa has awarded 152 individual grants totaling $14,033,863. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE COMMUNITY FOUNDATION FOR WESTERN IOWA IS DEDICATED TO CREATING A LASTING LEGACY IN OUR REGION BY ENGAGING OUR CITIZENS AND COMMUNITIES FOR DURABLE CHANGE AND FOSTERING A CULTURE OF PHILANTHROPY. THIS IS WHERE GIVING GROWS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMMUNITY FOUNDATION FOR WESTERN IOWA PROVIDES GRANTS AND ALLOCATIONS TO NONPROFIT CHARIABLE ORGANIZATIONS. COMMUNITY FOUNDATION FOR WESTERN IOWA IS A TAX-EXEMPT NON-PROFIT SERVING THOUSANDS OF PEOPLE WHO SHARE A COMMON INTEREST - TO IMPROVE THE QUALITY OF LIFE IN SOUTHWEST IOWA. CREATING A LASTING IMPACT AND SUSTAINING LIFE- AFFIRMING PROGRAMS AND SERVICES IS VERY IMPORTANT TO THE INVESTORS AT COMMUNITY FOUNDATION FOR WESTERN IOWA. OUR ROLE IS TO SOLIDLY CONNECT INDIVIDUALS, ORGANIZATIONS, AND CORPORATIONS THAT ARE COMMITTED TO MAKING A TANGIBLE DIFFERENCE TO THE MOST PRESSING ISSUES AND COMPELLING PROJECTS DESIGNED TO ENHANCE THE QUALITY AND VIBRANCE OF OUR COMMUNITY. AT COMMUNITY FOUNDATION FOR WESTERN IOWA, WE IDENTIFY CURRENT AND EMERGING ISSUES IN ORDER TO HELP OUR INVESTORS CHANNEL RESOURCES AND CREATE A LASTING LEGACY THAT ADDRESSES THE MOST PRESSING NEEDS, ENSURING OUR COMMUNITIES ARE STRONG FOR GENERATIONS TO COME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Dostal President/ce | 40 | $135,746 | |
Connie Casson Member | Trustee | 1 | $0 |
Kathryne Cutler Vice Chair | OfficerTrustee | 1 | $0 |
Anthony Fahrenkrog Secretary | OfficerTrustee | 1 | $0 |
Alan Gardner Member | Trustee | 1 | $0 |
Sheryl Garst Member | Trustee | 1 | $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 | $2,469,174 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,469,174 |
| Total Program Service Revenue | $0 |
| Investment income | $531,370 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $161,971 |
| Net Gain/Loss on Asset Sales | $1,469,828 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,632,343 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,026,979 |
| Grants and other assistance to domestic individuals. | $542,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $161,243 |
| Compensation of current officers, directors, key employees. | $48,373 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $272,812 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,665 |
| Payroll taxes | $33,205 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,271 |
| Advertising and promotion | $228,021 |
| Office expenses | $48,174 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,272 |
| Travel | $4,530 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,087 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,436 |
| Insurance | $18,563 |
| All other expenses | $0 |
| Total functional expenses | $5,466,717 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,659,713 |
| Savings and temporary cash investments | $782,002 |
| Pledges and grants receivable | $240,500 |
| 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 | $7,877 |
| Net Land, buildings, and equipment | $6,952,571 |
| Investments—publicly traded securities | $34,950,417 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $44,593,080 |
| Accounts payable and accrued expenses | $610,031 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $4,114,319 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $207,364 |
| Other liabilities | $0 |
| Total liabilities | $4,931,714 |
| Net assets without donor restrictions | $39,512,883 |
| Net assets with donor restrictions | $148,483 |
| 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 | $44,593,080 |
Grants Awarded
Over the last fiscal year, Community Foundation For Western Iowa has awarded $4,026,979 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN MIDWEST BALLET PURPOSE: ARTS & CULTURE GRANT | $26,239 |
CENTRO LATINO OF IOWA PURPOSE: HUMAN SERVICES GRANT | $11,022 |
COUNCIL BLUFFS SCHOOL DISTRICT PURPOSE: YOUTH GRANTS | $1,002,366 |
CHILDRENS SQUARE USA PURPOSE: YOUTH SUPPORT GRANTS | $33,064 |
BOYS AND GIRLS CLUB OF THE MIDLANDS PURPOSE: YOUTH SUPPORT GRANTS | $1,012,145 |
CHI HEALTH MERCY COUNCIL BLUFFS PURPOSE: HEALTH CARE GRANT | $17,768 |