Community Foundation Of Greater Muscatine
- Assets
- $66.6m
- Revenue
- $10.9m
- Investments
- $0.0
- Employees
- 14
- Location
- Muscatine, IA
- Founding
- 05/2000
- Data as of
- 12/2021
- EIN
- 42-1495980
Organization Overview
Community Foundation Of Greater Muscatine is located in Muscatine, IA. The organization was established in 2000. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Community Foundation Of Greater Muscatine employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Greater Muscatine 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, Community Foundation Of Greater Muscatine generated $10.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.9% each year . All expenses for the organization totaled $3.5m during the year ending 12/2021. While expenses have increased by 16.9% 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 2018, Community Foundation Of Greater Muscatine has awarded 151 individual grants totaling $10,982,060. 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
THE COMMUNITY FOUNDATION OF GREATER MUSCATINE'S MISSION IS TO ACTIVELY WORK TO IMPROVE THE QUALITY OF LIFE IN MUSCATINE COUNTY THROUGH PHILANTHROPY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND DONATIONS MADE TO CHARITABLE ORGANIZATIONS AND INDIVIDUALS PRIMARILY WITHIN THE GREATER MUSCATINE AREA WHICH PROMOTES THE EXEMPT PURPOSE OF THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charla Schafer Executive Di | Officer | 40 | $101,589 |
Rich Dwyer Board Presid | OfficerTrustee | 1 | $0 |
Naomi Dewinter Board Member | Trustee | 1 | $0 |
Brandon Bullock Board Member | Trustee | 1 | $0 |
Bob Barrett Board Member | Trustee | 1 | $0 |
Angela Johnson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $290,886 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,699,993 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,990,879 |
| Total Program Service Revenue | $0 |
| Investment income | $1,254,344 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $189,000 |
| Net Gain/Loss on Asset Sales | $5,376,126 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,914,284 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,373,571 |
| Grants and other assistance to domestic individuals. | $496,888 |
| 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 | $367,037 |
| Pension plan accruals and contributions | $11,482 |
| Other employee benefits | $67,326 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $51,647 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $49,482 |
| Office expenses | $55,705 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,122 |
| 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 | $8,703 |
| All other expenses | $122 |
| Total functional expenses | $3,458,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $42,793,157 |
| 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 | $0 |
| Investments—publicly traded securities | $19,717,633 |
| Investments—other securities | $0 |
| Investments—program-related | $4,058,745 |
| Intangible assets | $0 |
| Other assets | $21,482 |
| Total assets | $66,591,017 |
| Accounts payable and accrued expenses | $140,480 |
| Grants payable | $0 |
| Deferred revenue | $15,750 |
| 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 | $156,230 |
| Net assets without donor restrictions | $7,589,203 |
| Net assets with donor restrictions | $58,845,584 |
| 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 | $66,591,017 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Greater Muscatine has awarded $1,227,214 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
Tucson, AZ | | $234,837 |
SALEM WELSH PRESBYTERIAN CHURCH | | | $230,313 |
CITY OF MUSCATINE | | | $158,641 |
Muscatine, IA | | $140,797 |
INTERNATIONAL PEACE INSTITUTE | | | $44,866 |
Hoffman Estates, IL | | $41,474 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Community Foundation Of Greater Muscatine has recieved totaling $1,128,091.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $302,500 |
Jensen Private Foundation Inc Muscatine, IA PURPOSE: GENERAL SUPPORT | $247,500 |
Herbert L And Nancy M Townsend Foundation Wilton, IA PURPOSE: SCHOLARSHIPS | $200,000 |
Hni Charitable Foundation Muscatine, IA PURPOSE: EDUCATION MUSCATINE | $150,000 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: SCHOLARSHIPS & FINANCIAL AID | $100,000 |
Howe Foundation Muscatine, IA PURPOSE: GENERAL OPERATIONS | $72,051 |
Endowment Analysis
| Beg. Balance | $16,256,999 |
| Earnings | $2,784,056 |
| Net Contributions | $1,270,716 |
| Other Expense | $3,011,329 |
| Grants | $984,804 |
| Ending Balance | $22,338,296 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Communitygiving St Cloud, MN | $193,103,222 | $46,523,540 |
Quad Cities Community Foundation Bettendorf, IA | $165,771,747 | $15,098,956 |
Greater Cedar Rapids Community Foundation Cedar Rapids, IA | $223,368,352 | $26,493,454 |
3m Open Fund Blaine, MN | $2,792,523 | $13,492,516 |
St Louis Community Foundation St Louis, MO | $112,098,850 | $20,148,169 |
Dupage Community Foundation Downers Grove, IL | $125,703,251 | $14,295,087 |
Oshkosh Area Community Foundation Corporation Oshkosh, WI | $140,509,815 | $17,534,681 |
Community Foundation Of Greater Dubuque Dubuque, IA | $145,486,240 | $37,640,315 |
Community Foundation Of Northern Illinois Rockford, IL | $141,924,845 | $12,064,778 |
Community Foundation Of Northeast Iowa Cedar Falls, IA | $163,015,524 | $24,241,546 |
West Central Initiative Fergus Falls, MN | $80,928,029 | $10,157,757 |
South Central Iowa Community Foundation Chariton, IA | $15,877,246 | $5,307,597 |