Zach Johnson Foundation
- Assets
- $4.4m
- Revenue
- $1.9m
- Investments
- $3.8m
- Employees
- 64
- Location
- Cedar Rapids, IA
- Founding
- 04/2011
- Data as of
- 12/2023
- EIN
- 27-2683100
Organization Overview
Zach Johnson Foundation is located in Cedar Rapids, IA. The organization was established in 2011. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Zach Johnson Foundation employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Zach Johnson 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 12/2023, Zach Johnson Foundation generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $1.7m during the year ending 12/2023. While expenses have increased by 9.1% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS A NON-PROFIT ORGANIZATION DEDICATED TO HELPING CHILDREN AND THEIR FAMILIES IN CEDAR RAPIDS, IOWA LEAD HAPPY, HEALTHY LIVES. THE FOUNDATION ACHIEVES THESE GOALS BY IMPROVING QUALITY OF LIFE, EDUCATION AND WELL-BEING THROUGH A NUMBER OF DIFFERENT FUNDRAISING AND AWARENESS INITIATIVES. THE FOUNDATION COORDINATES AND SPONSORS PROGRAMS WHICH FOCUS ON HELPING THE ACADEMIC ACHIEVEMENT OF CHILDREN FROM LOW-INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SPONSORS AND COORDINATES THE KIDS ON COURSE PROGRAM IN CEDAR RAPIDS AREA ELEMENTARY, MIDDLE AND HIGH SCHOOLS. KIDS ON COURSE IS DESIGNED TO HELP STUDENTS REALIZE THEIR ACADEMIC AND DEVELOPMENT POTENTIAL, THROUGH EXPERIENCES IN THE ARTS AND SCIENCES, FITNESS AND NUTRITION AND MORE. THE PROGRAM PROVIDES TUTORING AND ENRICHMENT OPPORTUNITIES FOR STUDENTS, BREAKS DOWN BARRIERS THAT PREVENT SUCCESS INSIDE AND OUTSIDE THE CLASSROOM, ENGAGES THE FAMILIES OF STUDENTS AND PROVIDES ACADEMIC SUPPORT SO ALL PARTICIPATING STUDENTS ARE AT GRADE LEVEL IN READING AND MATH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick S Baird Treasurer | OfficerTrustee | 10 | $0 |
Sarika Bhakta Director | Trustee | 5 | $0 |
Andy Bosman Director | Trustee | 5 | $0 |
Brad Buffoni Director | Trustee | 5 | $0 |
Eric Christenson Executive Di | Officer | 40 | $125,000 |
Brent Cobb Chairman | OfficerTrustee | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $706,340 |
| Related organizations | $0 |
| Government grants | $175,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,008,407 |
| Noncash contributions included in lines 1a–1f | $246,409 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,889,747 |
| Total Program Service Revenue | $0 |
| Investment income | $114,457 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,203 |
| Net Income from Fundraising Events | -$117,277 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,890,130 |
| 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. | $125,000 |
| Compensation of current officers, directors, key employees. | $62,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $662,555 |
| Pension plan accruals and contributions | $59,895 |
| Other employee benefits | $3,553 |
| Payroll taxes | $64,285 |
| Fees for services: Management | $9,296 |
| Fees for services: Legal | $6,164 |
| Fees for services: Accounting | $11,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,957 |
| Advertising and promotion | $0 |
| Office expenses | $20,489 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,357 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $100,785 |
| All other expenses | $0 |
| Total functional expenses | $1,660,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $462,385 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $125,016 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,805,249 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,392,650 |
| Accounts payable and accrued expenses | $109,472 |
| Grants payable | $0 |
| Deferred revenue | $268,800 |
| 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 | $378,272 |
| Net assets without donor restrictions | $3,937,739 |
| Net assets with donor restrictions | $76,639 |
| 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 | $4,392,650 |