Waterloo Community Foundation
- Assets
- $3.1m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 3
- Location
- Waterloo, IA
- Founding
- 06/2015
- Data as of
- 12/2021
- EIN
- 47-3373953
Organization Overview
Waterloo Community Foundation is located in Waterloo, IA. The organization was established in 2015. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Waterloo Community Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waterloo 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, Waterloo Community Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.5% each year . All expenses for the organization totaled $469.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Waterloo Community Foundation has awarded 14 individual grants totaling $178,130. 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
RECEIVE,MAINTAIN,AND MAKE DISTRIBUTIONS PRIMARILY FOR THE BENEFIT OF WATERLOO,IOWA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES FINANCIAL SUPPORT, PRIMARILY FOR THE NEEDS OF WATERLOO, FROM FUNDS THAT ARE MAINTAINED AND ADMINISTERED ON BEHALF OF MULTIPLE DONORS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Tink Executive Director | Officer | 40 | $33,021 |
Michelle Teymeyer Exec. Director Thru October | Officer | 20 | $24,656 |
Mickye Johnson President | OfficerTrustee | 5 | $0 |
Kathy Mccoy Vice President | OfficerTrustee | 0.5 | $0 |
Chuck Rowe Secretary | OfficerTrustee | 0.5 | $0 |
Sam Holden Treasurer | OfficerTrustee | 5 | $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 | $1,060,226 |
| Noncash contributions included in lines 1a–1f | $106,145 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,060,226 |
| Total Program Service Revenue | $30,320 |
| Investment income | $25,460 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $103,928 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,220,134 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $242,458 |
| Grants and other assistance to domestic individuals. | $57,381 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $57,677 |
| Compensation of current officers, directors, key employees. | $14,419 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,700 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,078 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,500 |
| Fees for services: Accounting | $7,014 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,893 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,873 |
| Office expenses | $12,628 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,425 |
| Travel | $4,716 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,109 |
| All other expenses | $1,000 |
| Total functional expenses | $469,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,617 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $48,100 |
| 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 | $3,006,127 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,061,844 |
| 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 | $193,851 |
| Total liabilities | $193,851 |
| Net assets without donor restrictions | $2,867,993 |
| 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 | $3,061,844 |
Grants Awarded
Over the last fiscal year, Waterloo Community Foundation has awarded $110,154 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Waterloo, IA PURPOSE: NEW BUILDING CAPITAL FUND | $31,000 |
Waterloo, IA PURPOSE: GENERAL SUPPORT AND MAINTENANCE | $30,000 |
Waterloo, IA PURPOSE: SPORTS EQUIPMENT | $12,777 |
WATERLOO POLICE DEPARTMENT PURPOSE: TRAINING | $10,652 |
Hoffman Estates, IL PURPOSE: GENERAL SUPPORT | $7,750 |
Waterloo, IA PURPOSE: PRESCHOOL AND GENERAL SUPPORT | $7,000 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Waterloo Community Foundation has recieved totaling $186,642.
| Awarding Organization | Amount |
|---|---|
Young Family Foundation Of Waterloo Iowa Waterloo, IA PURPOSE: YOUTH PROGRAMS | $110,000 |
Max And Helen Guernsey Charitable Foundation Waterloo, IA PURPOSE: KOATS 4 KIDS PROGRAM | $30,000 |
Margaret Ann Enderlein Charitable Trust Waterloo, IA PURPOSE: PHILANTHROPIC | $16,287 |
Gallagher Family Foundation Waterloo, IA PURPOSE: EDUCATION SUPPORT | $12,500 |
Duroe Family Foundation Waterloo, IA PURPOSE: GENERAL FUND | $11,000 |
Van G Miller Family Charitable Foundation Waterloo, IA PURPOSE: KOATS 4 KIDS | $3,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Schuler Education Foundation Lake Forest, IL | $54,673,241 | $7,067,242 |
Thedacare Family Of Foundations Inc Appleton, WI | $89,256,611 | $25,439,996 |
Veterans United Foundation Columbia, MO | $54,107,159 | $30,165,811 |
The Hormel Foundation Austin, MN | $1,540,722,314 | $34,366,937 |
Nebraska Philanthropic Trust Omaha, NE | $2,416,213 | $1,885,786 |
Omni Behavioral Health Omaha, NE | $19,278,605 | $23,477,571 |
South Dakota Community Foundation Pierre, SD | $805,282,495 | $215,504,617 |
Society Of St Vincent De Paul- Twin Cities Minneapolis, MN | $592,562 | $17,408,500 |
Stifel Charitable Inc St Louis, MO | $132,307,100 | $94,589,551 |
Faith Charitable Trust Omaha, NE | $0 | $922,113 |
Moose Charities Inc Mooseheart, IL | $5,385,966 | $15,548,845 |
Northland Foundation Duluth, MN | $110,895,270 | $27,913,272 |