Chrysalis Foundation
- Assets
- $12.5m
- Revenue
- $920.7k
- Investments
- $0.0
- Employees
- 4
- Location
- West Des Moines, IA
- Founding
- 12/1989
- Data as of
- 06/2021
- EIN
- 42-1337635
Organization Overview
Chrysalis Foundation is located in West Des Moines, IA. The organization was established in 1989. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Chrysalis Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chrysalis 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 06/2021, Chrysalis Foundation generated $920.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $778.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Chrysalis Foundation has awarded 283 individual grants totaling $2,156,383. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHRYSALIS INVESTS IN THE SAFETY, SECURITY, EDUCATION, AND ECONOMIC EMPOWERMENT OF GIRLS AND WOMEN IN GREATER DES MOINES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTING PROJECTS AND SERVICES THAT PRESERVE, DEVELOP, AND EXPAND WOMEN'S CHOICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Hernandez Executive Director | Officer | 40 | $111,157 |
Eugenia Kutsch-Stanton President | OfficerTrustee | 1 | $0 |
Lindsay Havig Treasurer | OfficerTrustee | 1 | $0 |
Liz Lee Secretary | OfficerTrustee | 1 | $0 |
Lisa Cushatt Vice President | OfficerTrustee | 1 | $0 |
Bridget Cravens-Neely Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $27,432 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $197,663 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $225,095 |
| Total Program Service Revenue | $0 |
| Investment income | $211,614 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $480,291 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $920,716 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $266,650 |
| 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. | $127,180 |
| Compensation of current officers, directors, key employees. | $10,174 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $208,080 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $39,152 |
| Payroll taxes | $28,734 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,058 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,933 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,000 |
| Travel | $19 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,738 |
| Insurance | $6,641 |
| All other expenses | $657 |
| Total functional expenses | $778,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $111,370 |
| Savings and temporary cash investments | $325,328 |
| Pledges and grants receivable | $13,150 |
| 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 | $8,991 |
| Investments—publicly traded securities | $12,064,116 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,323 |
| Total assets | $12,530,278 |
| Accounts payable and accrued expenses | $12,233 |
| Grants payable | $0 |
| Deferred revenue | $4,500 |
| 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 | $16,733 |
| Net assets without donor restrictions | $4,741,005 |
| Net assets with donor restrictions | $7,772,540 |
| 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 | $12,530,278 |
Grants Awarded
Over the last fiscal year, Chrysalis Foundation has awarded $234,910 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
ETHIC MINORITIES OF BURMA ADVOCACY & RESOURCE CENTER PURPOSE: COMMUNITY PARTNER AWARD AND CLIENT EMERGENCY FUND | $18,000 |
Des Moines, IA PURPOSE: COMMUNITY PARTNER AWARD AND CLIENT EMERGENCY FUND | $15,000 |
BONDURANT - FARRAR SCHOOLS PURPOSE: AFTER-SCHOOL PROGRAM AWARD | $13,000 |
Des Moines, IA PURPOSE: COMMUNITY PARTNER AWARD, CLIENT EMERGENCY FUND, AND RAPID RESPONSE GRANT | $10,211 |
Adel, IA PURPOSE: COMMUNITY PARTNER AWARD AND CLIENT EMERGENCY FUND | $10,000 |
West Des Moines, IA PURPOSE: COMMUNITY PARTNER AWARD AND CLIENT EMERGENCY FUND | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Chrysalis Foundation has recieved totaling $22,240.
| Awarding Organization | Amount |
|---|---|
Delta Dental Of Iowa Foundation Johnston, IA PURPOSE: FUNDING TO FOCUS ON GENDER EQUITY IN STEM FIELDS AND SHORTAGE OF HEALTHCARE PROFESSIONALS BY EXPOSING GIRLS IN 5TH-8TH GRADE TO STEM CAREERS VIA AFTER-SCHOOL PROGRAMMING TO BUILD INTEREST IN AND INCREASE THE HEALTH CARE PROFESSIONAL PIPELINE. | $16,240 |
John R And Zelda Z Grubb Charitable Foundation Urbandale, IA PURPOSE: DONATION TO GENERAL FUND | $5,000 |
Ted And Rowena Crosbie Foundation Earlham, IA PURPOSE: SUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $9,575,281 |
| Ending Balance | $9,575,281 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Otto Bremer Trust St Paul, MN | $1,543,197,073 | $135,875,116 |
Walter Scott Family Foundation Omaha, NE | $596,551,475 | $88,689,053 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
The Richard M Schulze Family Foundation Minneapolis, MN | $250,424,427 | $45,882,285 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Fred C And Katherine B Andersen Foundation Bayport, MN | $1,210,701,778 | $63,445,932 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |