Monroe County Iowa Community Foundation
- Assets
- $3.0m
- Revenue
- $978.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Albia, IA
- Founding
- 10/1996
- Data as of
- 12/2021
- EIN
- 42-1427739
Organization Overview
Monroe County Iowa Community Foundation is located in Albia, IA. The organization was established in 1996. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monroe County Iowa Community 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, Monroe County Iowa Community Foundation generated $978.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.8% each year . All expenses for the organization totaled $607.5k during the year ending 12/2021. While expenses have increased by 23.8% per year over the past 7 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.
Since 2014, Monroe County Iowa Community Foundation has awarded 30 individual grants totaling $1,114,742. 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
COMMUNITY FOUNDATION WHICH IS BUILDING A POOL OF FUNDS TO PROVIDE FOR THE NEEDS OF THE RESIDENTS OF MONROE COUNTY, IOWA. THESE MONIES WILL BE USED FOR EDUCATION PROGRAM DEVELOPMENT AND SCHOLARSHIP PROGRAMS; ARTS AND CULTURAL PROGRAMS INCLUDING HISTORIC PRESERVATION; WELLNESS/RECREATION PROGRAMS; HEALTH AND SOCIAL SERVICE PROGRAMS; PUBLIC AFFAIRS AND COMMUNITY DEVELOPMENT PROGRAMS; PUBLIC FACILITY CONSTRUCTION; REHABILITATION ANDMAINTENANCE; AND AGRICULTURE, NATURAL RESOURCE AND ENVIRONMENTAL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COUNTY BETTERMENT AND SCHOLARSHIP FUND. SPECIFICALLY, MANY SCHOLARSHIPS WERE AWARDED. THESE SCHOLARSHIPS TOTALED $24,650 AND WERE AWARDED TO LOCAL STUDENTS TO HELP DEFRAY THE COST OF ATTENDING HIGHER EDUCATION COLLEGES AND UNIVERSITIES. MONIES WERE GIVEN TO LOCAL ORGANIZATIONS FOR HISTORICAL, RECREATIONAL, CULTURAL, CEMETERY, AND TO COMMUNITY ORGANIZATIONS. MONIES FOR THESE PURPOSES WERE RECEIVED FROM THE GREATER DES MOINES COMMUNITY FOUNDATION AND FROM PRIVATE INDIVIDUALS AND COMPANIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Kness President | OfficerTrustee | 0.25 | $0 |
Dan Tometich Secretary | OfficerTrustee | 2 | $0 |
David Johnson Treasurer | OfficerTrustee | 5 | $0 |
Linda Davis Director | Trustee | 0.25 | $0 |
Brenda Wynn Director | Trustee | 0.25 | $0 |
Carroll Rhine Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $111,528 |
| All other contributions, gifts, grants, and similar amounts not included above | $290,777 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $402,305 |
| Total Program Service Revenue | $0 |
| Investment income | $110,629 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $465,689 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $978,623 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $536,854 |
| Grants and other assistance to domestic individuals. | $39,771 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,764 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $202 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $633 |
| 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 | $0 |
| Insurance | $250 |
| All other expenses | $0 |
| Total functional expenses | $607,464 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $969 |
| Savings and temporary cash investments | $210,382 |
| 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 | $20,000 |
| Investments—publicly traded securities | $2,736,408 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,967,759 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $523,536 |
| Net assets with donor restrictions | $2,444,223 |
| 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 | $2,967,759 |
Grants Awarded
Over the last fiscal year, Monroe County Iowa Community Foundation has awarded $500,779 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Albia, IA PURPOSE: GRANT FOR THEATRE | $422,000 |
MONROE COUNTY LITTLE LEAGUE PURPOSE: GRANT | $22,500 |
Ames, IA PURPOSE: DONOR ADVISED GRANT | $11,000 |
ALBIA IOWA PUBLIC SCHOOL DISTRICT PURPOSE: GRANT FOR READING MATERIALS | $10,719 |
Albia, IA PURPOSE: DONOR ADVISED GRANT | $10,000 |
MONROE COUNTY SHERIFF PURPOSE: GRANT FOR CAMERAS | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Monroe County Iowa Community Foundation has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION | $30,000 |
Endowment Analysis
| Beg. Balance | $664,440 |
| Earnings | $56,583 |
| Grants | $13,971 |
| Ending Balance | $707,052 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Way Of Greater St Louis Inc Saint Louis, MO | $114,175,989 | $83,585,264 |
Nebraska Children And Families Foundation Lincoln, NE | $60,865,953 | $72,528,420 |
United Way Of Greater Milwaukee & Waukesha County Inc Milwaukee, WI | $57,056,595 | $64,052,238 |
United Way Of Metropolitan Chicago Inc Chicago, IL | $58,068,035 | $46,184,540 |
Greater Twin Cities United Way Minneapolis, MN | $131,397,199 | $56,166,906 |
Peter Kiewit Foundation Omaha, NE | $431,803,629 | $21,833,373 |
United Way Of The Midlands Omaha, NE | $22,649,944 | $36,718,233 |
Worldwide Inventory Network Inc St Louis, MO | $154,273,003 | $31,738,147 |
United Way Of Greater Kansas City Inc Kansas City, MO | $27,299,107 | $44,015,637 |
Jewish Federation Of Omaha Inc Omaha, NE | $53,867,184 | $39,560,353 |
Aurora Health Care Foundation Inc Milwaukee, WI | $332,167,553 | $7,899,285 |
United Way Of Central Iowa Des Moines, IA | $37,480,917 | $26,442,012 |