Community Foundation Of Northeast Iowa
- Assets
- $163.4m
- Revenue
- $16.6m
- Investments
- $0.0
- Employees
- 20
- Location
- Cedar Falls, IA
- Founding
- 10/1963
- Data as of
- 12/2023
- EIN
- 42-6060414
Organization Overview
Community Foundation Of Northeast Iowa is located in Cedar Falls, IA. The organization was established in 1963. 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 12/2023, Community Foundation Of Northeast Iowa employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Northeast Iowa 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 12/2023, Community Foundation Of Northeast Iowa generated $16.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $11.1m during the year ending 12/2023. While expenses have increased by 6.2% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE PEOPLE AND CONNECT RESOURCES TO ENRICH OUR COMMUNITIES. THE COMMUNITY FOUNDATION CARRIES OUT THIS MISSION ACROSS ITS 20 COUNTY REGION BY RESPONDING TO CURRENT AND FUTURE CHARITABLE NEEDS OF THE COMMUNITIES IT SERVES. THE FOUNDATION RESPONDS BY SUPPORTING NONPROFITS DOING GOOD IN THEIR COMMUNITIES THROUGH GRANTMAKING AND BY HELPING INDIVIDUALS, FAMILIES AND BUSINESSES ESTABLISH ENDOWMENT FUNDS TO CREATE LONG-TERM POSITIVE IMPACT ON THEIR COMMUNITIES AND THE CAUSES THEY ARE PASSIONATE ABOUT. THE COMMUNITY FOUNDATION ALSO ACTS AS PARTNER AND CONVENER THROUGH COLLABORATION WITH COMMUNITY AND PHILANTHROPIC LEADERS TO ADDRESS THE CHALLENGES IN OUR REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION RESPONDS BY SUPPORTING NONPROFITS DOING GOOD IN THEIR COMMUNITIES THROUGH GRANTMAKING AND BY HELPING INDIVIDUALS, FAMILIES AND BUSINESSES ESTABLISH ENDOWMENT FUNDS TO CREATE LONG-TERM POSITIVE IMPACT ON THEIR COMMUNITIES AND THE CAUSES THEY ARE PASSIONATE ABOUT. GRANTS ARE DISTRIBUTED TO NONPROFITS AND GOVERNMENT ENTITIES ACROSS OUR REGION, ARE RATIFIED BY THE FOUNDATION'S BOARD OF DIRECTORS AND ARE MADE IN THE FOLLOWING AREAS: ART AND CULTURE, COMMUNITY BETTERMENT, EDUCATION AND YOUTH BETTERMENT, ENVIRONMENT AND ANIMAL WELFARE, HEALTH, AND HUMAN SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kaye M Englin President & | OfficerTrustee | 40 | $229,089 |
Liz A Kurtt VP Of Fin & | Officer | 40 | $103,587 |
Angela Widner VP Community | Officer | 40 | $105,436 |
Jeff Seamans Past Chair | OfficerTrustee | 0.5 | $0 |
Todd Henningsen Chair | OfficerTrustee | 0.5 | $0 |
Reshonda Young Vice Chair | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $19,200 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,701,531 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,215,080 |
| Noncash contributions included in lines 1a–1f | $391,075 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,935,811 |
| Total Program Service Revenue | $0 |
| Investment income | $2,529,551 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,135,646 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,618,758 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,372,055 |
| Grants and other assistance to domestic individuals. | $571,185 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $476,966 |
| Compensation of current officers, directors, key employees. | $319,744 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $725,794 |
| Pension plan accruals and contributions | $15,303 |
| Other employee benefits | $55,265 |
| Payroll taxes | $87,030 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,614 |
| Fees for services: Accounting | $27,390 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $175,097 |
| Fees for services: Other | $54,438 |
| Advertising and promotion | $104,669 |
| Office expenses | $3,963 |
| Information technology | $60,201 |
| Royalties | $0 |
| Occupancy | $66,679 |
| Travel | $59,621 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,215 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $76,217 |
| Insurance | $54,209 |
| All other expenses | $2,648 |
| Total functional expenses | $11,051,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $498,870 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $450,725 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $665,743 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $22,860 |
| Net Land, buildings, and equipment | $1,649,754 |
| Investments—publicly traded securities | $152,127,599 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,982,883 |
| Total assets | $163,398,434 |
| Accounts payable and accrued expenses | $145,878 |
| Grants payable | $1,106,612 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $4,916,176 |
| 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 | $1,082,330 |
| Total liabilities | $7,250,996 |
| Net assets without donor restrictions | $29,367,171 |
| Net assets with donor restrictions | $126,780,267 |
| 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 | $163,398,434 |