Community Fdn Of Greater Des Moines
- Assets
- $756.9m
- Revenue
- $145.0m
- Investments
- $7.0m
- Employees
- 34
- Location
- Des Moines, IA
- Founding
- 09/1995
- Data as of
- 12/2021
- EIN
- 42-6139033
Organization Overview
Community Fdn Of Greater Des Moines is located in Des Moines, IA. The organization was established in 1995. 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 Fdn Of Greater Des Moines employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Fdn Of Greater Des Moines 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 Fdn Of Greater Des Moines generated $145.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $59.8m during the year ending 12/2021. While expenses have increased by 7.1% 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, Community Fdn Of Greater Des Moines has awarded 28,102 individual grants totaling $325,617,444. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE CHARITABLE GIVING, CONNECT DONORS WITH CAUSES, PROVIDE LEADERSHIP ON COMMUNITY ISSUES
Describe the Organization's Program Activity:
THE COMMUNITY FOUNDATION OF GREATER DES MOINES WORKS WITH INDIVIDUAL DONORS, FAMILIES, BUSINESSES, NONPROFIT ORGANIZATIONS AND COMMUNITIES TO ESTABLISH CHARITABLE GIVING FUNDS THAT BENEFIT CAUSES AND COMMUNITIES FOREVER. THE COMMUNITY FOUNDATION IMPROVES QUALITY OF LIFE FOR ALL BY PROMOTING CHARITABLE GIVING, CONNECTING DONORS WITH CAUSES THEY CARE ABOUT AND PROVIDING LEADERSHIP ON IMPORTANT COMMUNITY ISSUES. THE COMMUNITY FOUNDATION OF GREATER DES MOINES IS CONFIRMED IN COMPLIANCE WITH NATIONAL STANDARDS FOR U.S. COMMUNITY FOUNDATIONS. THE COMMUNITY FOUNDATION OFFERS EXPERT GIVING ADVICE, CHARITABLE GIVING TOOLS TO MEET INDIVIDUAL GIVING GOALS, PROFESSIONAL INVESTMENT MANAGEMENT OF CHARITABLE GIVING FUNDS AND MAXIMUM TAX ADVANTAGES. THE COMMUNITY FOUNDATION ADMINISTERS MORE THAN 2,300 CHARITABLE COMPONENT FUNDS. THROUGH COMMUNITY FOUNDATION GRANTMAKING PROGRAMS AND DONOR FUNDS, OVER $51 MILLION WAS GRANTED TO CHARITABLE CAUSES IN 2021.
THE COMMUNITY FOUNDATION SERVES AS THE FISCAL SPONSOR FOR IMPORTANT COMMUNITY BETTERMENT INITIATIVES. THESE INITIATIVES FULFILL SHORT-TERM ADMINISTRATIVE NEEDS FOR A SPECIFIC PROGRAM OR PROJECT THAT IS KEY TO THE FUTURE VIABILITY OF THE COMMUNITY. BY SERVING AS FISCAL SPONSOR, THE COMMUNITY FOUNDATION ELIMINATES THE NEED FOR THESE VOLUNTEER GROUPS TO ESTABLISH AN UNNECESSARY NONPROFIT ORGANIZATION, YET ALLOWS FOR THE PROJECT TO BE CARRIED OUT IN A PRUDENT MANNER WITH STRONG FISCAL OVERSIGHT. THE COMMUNITY FOUNDATION PROVIDES ADMINISTRATIVE AND FINANCIAL SERVICES FOR THESE PROJECTS. EXAMPLES INCLUDE THE LAURIDSEN SKATEPARK, GRAY'S LAKE, THE MIDAMERICAN ENERGY COMPANY RECPLEX AND PLANNING FOR THE GREATER DES MOINES DISASTER RECOVERY FUND.
THE COMMUNITY FOUNDATION IS COMMITTED TO IMPROVING QUALITY OF LIFE IN GREATER DES MOINES AND RECOGNIZES THE IMPORTANT ROLE THE NONPROFIT SECTOR PLAYS IN BUILDING STRONG COMMUNITIES. THE COMMUNITY FOUNDATION'S LEADERSHIP GRANTS SUPPORT CRITICAL PROJECTS AND PROGRAMS THAT IMPROVE QUALITY OF LIFE IN GREATER DES MOINES. ITS CAPACITY BUILDING GRANTS STRENGTHEN THE EFFICIENCY AND EFFECTIVENESS OF NONPROFIT ORGANIZATIONS AND PROVIDE FUNDING FOR TECHNICAL ASSISTANCE AND CONSULTATION TO HELP IMPROVE THE CAPACITY AND MANAGEMENT OF NONPROFIT ORGANIZATIONS. IN ADDITION, THE COMMUNITY FOUNDATION PLAYS A CRITICAL ROLE IN ASSISTING NONPROFIT ORGANIZATIONS THROUGH ACCOUNTING SERVICES WHICH ALLOWS THEIR FOCUS TO REMAIN ON MISSION FULFILLMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristine Knous President | Officer | 40 | $263,284 |
Karla Jones-Weber Chief Financial & Administ | Officer | 40 | $175,734 |
Lynne Yontz Chief Charitable Giving Of | 40 | $146,008 | |
Angela Dethlefs-Trettin Chief Community Impact Off | 40 | $143,030 | |
Kris Pete-Swanson VP Of Finance, Controller | 40 | $122,452 | |
Sara Bonney Chief Marketing Officer | 40 | $112,366 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Country Landscapes Inc Project Design And Landscaping Services | 12/30/21 | $447,645 |
Pavilion A Mercer Practice Investment Consulting Services | 12/30/21 | $249,123 |
Silchester International Investors Investment Mangement Services | 12/30/21 | $211,708 |
Stellar Technology Solutions Llc Software Services | 12/30/21 | $187,425 |
Slingshot Architecture Architect Services | 12/30/21 | $142,375 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $41,364 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,477,912 |
| All other contributions, gifts, grants, and similar amounts not included above | $86,888,296 |
| Noncash contributions included in lines 1a–1f | $28,428,047 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $92,407,572 |
| Total Program Service Revenue | $521,981 |
| Investment income | $13,030,110 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $54,520 |
| Net Gain/Loss on Asset Sales | $38,866,859 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $144,988,273 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $51,753,998 |
| Grants and other assistance to domestic individuals. | $153,150 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $519,176 |
| Compensation of current officers, directors, key employees. | $150,691 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,837,403 |
| Pension plan accruals and contributions | $96,758 |
| Other employee benefits | $290,747 |
| Payroll taxes | $154,424 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,391 |
| Fees for services: Accounting | $78,072 |
| Fees for services: Lobbying | $25,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,163,789 |
| Fees for services: Other | $923,809 |
| Advertising and promotion | $115,473 |
| Office expenses | $350,316 |
| Information technology | $85,330 |
| Royalties | $0 |
| Occupancy | $209,813 |
| Travel | $8,389 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $76,236 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $97,563 |
| Insurance | $45,103 |
| All other expenses | $132,476 |
| Total functional expenses | $59,798,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,412,800 |
| Savings and temporary cash investments | $53,392,696 |
| Pledges and grants receivable | $3,228,834 |
| 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 | $2,157,217 |
| Investments—publicly traded securities | $669,715,999 |
| Investments—other securities | $6,979,390 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,043,740 |
| Total assets | $756,930,676 |
| Accounts payable and accrued expenses | $13,031,517 |
| Grants payable | $506,546 |
| 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 | $289,944 |
| Total liabilities | $13,828,007 |
| Net assets without donor restrictions | $735,521,711 |
| Net assets with donor restrictions | $7,580,958 |
| 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 | $756,930,676 |
Grants Awarded
Over the last fiscal year, Community Fdn Of Greater Des Moines has awarded $42,642,894 in support to 1,479 organizations.
| Grant Recipient | Amount |
|---|---|
Des Moines, IA PURPOSE: GRANT DISTRIBUTION | $3,129,878 |
CITY OF VAN WERT PURPOSE: GRANT DISTRIBUTION | $1,000,000 |
Urbandale, IA PURPOSE: IOWA RIVER PLAYERS: MUSICAL PRODUCTION | $1,000,000 |
Grimes, IA PURPOSE: GRANT DISTRIBUTION | $681,691 |
Des Moines, IA PURPOSE: GRANT DISTRIBUTION | $500,000 |
CITY OF GOODELL PURPOSE: GRANT DISTRIBUTION | $450,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Community Fdn Of Greater Des Moines has recieved totaling $151,000.
| Awarding Organization | Amount |
|---|---|
Grow Greene County Gaming Corporation Jefferson, IA PURPOSE: ENHANCE QUALITY OF LIFE IN GREENE | $150,000 |
Boazs Harvest-Zachary Foundatoin Waterloo, IA PURPOSE: TO SUPPORT THE OKOBOJI FOUNDATION | $1,000 |
Endowment Analysis
| Beg. Balance | $229,401,539 |
| Earnings | $32,982,096 |
| Admin Expense | $3,074,560 |
| Net Contributions | $22,127,174 |
| Grants | $10,614,845 |
| Ending Balance | $270,821,404 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minneapolis Foundation Minneapolis, MN | $763,755,990 | $141,518,502 |
Omaha Community Foundation Omaha, NE | $518,933,550 | $149,448,714 |
St Louis Community Foundation Incorporated St Louis, MO | $436,956,368 | $124,413,038 |
Mount Sinai Community Foundation Chicago, IL | $11,409,546 | $72,991,931 |
Greater Milwaukee Foundation Inc Milwaukee, WI | $1,114,706,959 | $151,763,598 |
Thrivent Charitable Impact & Investing Appleton, WI | $809,708,853 | $138,812,775 |
Community Fdn Of Greater Des Moines Des Moines, IA | $756,930,676 | $144,988,273 |
Greater Green Bay Community Foundation Inc Green Bay, WI | $158,723,657 | $42,186,646 |
Omaha Community Foundation Donor Directed Depository Omaha, NE | $49,176,399 | $38,155,808 |
Nebraska Community Foundation Lincoln, NE | $227,749,373 | $20,781,363 |
Community Foundation For The Fox Valley Region Inc Appleton, WI | $500,269,949 | $60,999,391 |
Madison Community Foundation Madison, WI | $285,628,719 | $40,248,600 |