Four Mounds Foundation
- Assets
- $703.8k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 32
- Location
- Dubuque, IA
- Founding
- 12/1986
- Data as of
- 12/2022
- EIN
- 42-1265303
Organization Overview
Four Mounds Foundation is located in Dubuque, IA. The organization was established in 1986. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Four Mounds Foundation employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Four Mounds 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 12/2022, Four Mounds Foundation generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 8.0% per year over the past 8 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
PRESERVE, EDUCATE AND SERVE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WORKS TO PRESERVE AND RESTORE A HISTORIC TRACT OF LAND IN THE CITY OF DUBUQUE. THE FOUNDATION WORKS TO IMPROVE THE ACCESSIBILITY OF THE PROPERTY TO A DIVERSE POPULATION. THIS IS A LAND TRUST, PROTECTING OVER 120 ACRES IN THE MISSISSIPPI RIVER WILDLIFE REFUGE.
THE FOUNDATION CONDUCTS A YOUTH PROGRAM UNDER WHICH DISADVANTAGED YOUTH USE THE PROPERTY FOR A SUMMER YOUTH DAY CAMP SPONSORED IN PART BY THE CITY OF DUBUQUE. THE CAMP SERVED 260 YOUTH THROUGH THE SUMMER DAY CAMP IN 2022.
THE FOUNDATION PARTNERS ON COMMUNITY DEVELOPMENT THROUGH OUR HEART - HOUSING EDUCATION AND REHABILITATION TRAINING - PROGRAM. THIS PROGRAM IS FOR TROUBLED YOUTH WHO ARE MENTORED BY FACULTY TO LEARN JOB SKILLS. THIS PROGRAM SERVED APPROXIMATELY 35 HIGH SCHOOL STUDENTS THROUGH 2 LARGE RESTORATION PROJECTS AND MULTIPLE SMALL PROJECTS TO ASSIST ELDERLY WITH STAYING IN THE HOME SAFELY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John N Gronen President | OfficerTrustee | 1 | $0 |
Renee Hesselman Treasurer | OfficerTrustee | 2 | $0 |
Mary Mulgrew Gronen Vice Chair | OfficerTrustee | 2 | $0 |
David Resnick Director | Trustee | 1 | $0 |
Ben Bartels Director | Trustee | 1 | $0 |
Natalia Blaskovich Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $142,479 |
| All other contributions, gifts, grants, and similar amounts not included above | $306,848 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $449,327 |
| Total Program Service Revenue | $738,056 |
| Investment income | $1,057 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,200 |
| 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 | $1,738 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,204,378 |
| 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. | $59,183 |
| Compensation of current officers, directors, key employees. | $59,183 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $403,463 |
| Pension plan accruals and contributions | $2,141 |
| Other employee benefits | $2,549 |
| Payroll taxes | $33,574 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,323 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $54,111 |
| Advertising and promotion | $1,700 |
| Office expenses | $9,517 |
| Information technology | $12,826 |
| Royalties | $0 |
| Occupancy | $58,550 |
| Travel | -$130 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,268 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,950 |
| Insurance | $55,467 |
| All other expenses | $96,725 |
| Total functional expenses | $1,144,788 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,643 |
| Savings and temporary cash investments | $366,106 |
| 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 | $295,049 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $703,798 |
| Accounts payable and accrued expenses | $247,562 |
| 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 | $52,697 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,362 |
| Total liabilities | $306,621 |
| Net assets without donor restrictions | $397,177 |
| 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 | $703,798 |