Mason City Foundation
- Assets
- $6.1m
- Revenue
- $496.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Mason City, IA
- Founding
- 12/1991
- Data as of
- 12/2021
- EIN
- 42-1375606
Organization Overview
Mason City Foundation is located in Mason City, IA. The organization was established in 1991. According to its NTEE Classification (C20) the organization is classified as: Pollution Abatement & Control, under the broad grouping of Environment and related organizations. As of 12/2021, Mason City Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mason City 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 12/2021, Mason City Foundation generated $496.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $458.2k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CULTIVATE AND SUPPORT EFFORTS TO ENRICH THE CULTURAL ENVIRONMENT OF THE COMMUNITY. THE FOUNDATION OPERATES THE BOYHOOD HOME OF MEREDITH WILLSON AND MUSIC MAN SQUARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERSERVE THE HERITAGE OF MEREDITH WILLSON BY BUILDING A FACILITY TO HOUSE A MUSEUM AND THEATRE; OPERATING THE MEREDITH WILLSON HOME AS A LOCAL LANDMARK; PROVIDING MUSIC EDUCATION PROGRAMS TO INDIVIDUALS OF ALL AGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick Whitehurst Operations Manager | OfficerTrustee | 40 | $40,769 |
Dalena Barz President | OfficerTrustee | 2 | $0 |
Ann Beasley Vice President | OfficerTrustee | 1 | $0 |
Tom Birdsall Treasurer | OfficerTrustee | 1 | $0 |
Nathan Hehr Director | Trustee | 1 | $0 |
Nancy Lass Director | 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 | $363,819 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $363,819 |
| Total Program Service Revenue | $73,135 |
| Investment income | $9,317 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $83 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,322 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $22,935 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $496,052 |
| 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. | $40,769 |
| Compensation of current officers, directors, key employees. | $28,538 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,649 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,048 |
| Payroll taxes | $6,721 |
| Fees for services: Management | $1,900 |
| Fees for services: Legal | $12,058 |
| Fees for services: Accounting | $875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,859 |
| Office expenses | $1,745 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $125,618 |
| Travel | $0 |
| 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 | $175,742 |
| Insurance | $37,420 |
| All other expenses | $12,696 |
| Total functional expenses | $458,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $261,938 |
| Savings and temporary cash investments | $37,054 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,881 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $33,593 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,639,189 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $89,832 |
| Total assets | $6,077,487 |
| Accounts payable and accrued expenses | $214,526 |
| 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 | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $364,526 |
| Net assets without donor restrictions | $5,712,961 |
| 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 | $6,077,487 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Mason City Foundation has recieved totaling $265,887.
| Awarding Organization | Amount |
|---|---|
The Meredith And Rosemary Willson Charitable Foundation Los Angeles, CA PURPOSE: CAPITAL IMPROVEMENTS | $131,700 |
The Meredith And Rosemary Willson Charitable Foundation Los Angeles, CA PURPOSE: CAPITAL IMPROVEMENTS | $100,000 |
The Meredith And Rosemary Willson Charitable Foundation Los Angeles, CA PURPOSE: WILLSON BOYHOOD HOME STEPS AND RAMP REPAIR | $15,960 |
Blanche Carey Martin Charitablr Tr Clear Lake, IA PURPOSE: GENERAL DONATION-SUPPORT | $5,000 |
Beth E Reinhart Charitable Trust Mason City, IA PURPOSE: FUND SCHOOL BUSES FOR 4TH GRADE | $4,200 |
Farrer Endowment Foundation Mason City, IA PURPOSE: REPLACEMENT OFLIGHTS | $3,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nature Conservation Tr Decatur, IL | $57,715,596 | $381,907 |
Midwest Renewable Energy Tracking System Inc Minneapolis, MN | $5,568,643 | $5,848,672 |
Madison Environmental Resourcing Inc Waunakee, WI | $4,401,119 | $2,770,158 |
Clean Wisconsin Inc Madison, WI | $3,664,321 | $2,671,519 |
Carbon Vaults Inc Chicago, IL | $7,854,784 | $6,863,447 |
Healthy Schools Campaign Chicago, IL | $1,996,145 | $2,302,932 |
International Association Of Heat & Frost Insulators & Allied Workers Pewaukee, WI | $2,590,440 | $1,417,375 |
Iowa Agriculture Water Alliance Ankeny, IA | $1,276,775 | $1,465,048 |
Omaha Healthy Kids Alliance Omaha, NE | $752,788 | $1,253,022 |
The Gaia-Movement Living Earth Green World Action Usa Inc Chicago, IL | $962,435 | $1,424,775 |
International Association Of Heat & Frost Insulators & Allied Workers Omaha, NE | $1,641,611 | $798,347 |
Black Oaks Center For Sustainable Renewable Living Nfp Chicago, IL | $1,326,661 | $1,251,747 |