620 Foundation
- Assets
- $20.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cedar Rapids, IA
- Founding
- 05/2017
- Data as of
- 12/2022
- EIN
- 82-1094903
Organization Overview
620 Foundation is located in Cedar Rapids, IA. The organization was established in 2017. According to its NTEE Classification (W11) the organization is classified as: Single Organization Support, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 620 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 12/2022, 620 Foundation generated $138.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $124.2k during the year ending 12/2022. While expenses have increased by 5.5% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDING FUNDS FOR PERSONAL AND MEDICAL NEEDS OF PATIENTS AND FAMILIES BEING TREATED BY THE UNIVERSITY OF IOWA CHILDREN'S HOSPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ross D Bowman Chair | 2 | $0 | |
Kylie G Angle Vice Chair | 5 | $0 | |
Jarod L Bowman Treasurer | 5 | $0 | |
Natorie D Bowman Secretary | 2 | $0 | |
Elizabeth Wilson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,269 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $68,647 |
| Other Revenue | $0 |
| Total Revenue | $138,916 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,885 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $294 |
| Total expenses | $124,179 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $18,062 |
| Other assets | $0 |
| Total assets | $20,587 |
| Total liabilities | $0 |
| Net assets or fund balances | $20,587 |