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← WATERLOO COMMUNITY SCHOOLS FOUNDATION

Form 990 for tax year 2022

Filed by WATERLOO COMMUNITY SCHOOLS FOUNDATION.

Totals

Total revenue
$285,040
Total expenses
$240,797
Contributions and grants received
$286,117
Grants paid
$92,534
Program service revenue
$0
Investment income
$12,053
Other revenue
-$13,130
Total assets, end of year
$1,253,311
Total liabilities, end of year
$181,151
Net assets or fund balances, end of year
$1,072,160
Program services expenses (Part IX)
$107,090
Management and general expenses
$37,489
Fundraising expenses
$96,218
Program service expenses (Part III)
$107,090

Program services were 44.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $10,396

  • 1f · All other contributions, gifts and grants

    $275,721

  • 3 · Investment income

    total $12,053 · excluded $12,053

  • 8a · Fundraising events: gross income

    $2,450

  • 8a · Fundraising events: contributions included on line 1c

    $10,396

  • 8b · Fundraising events: direct expenses

    $15,580

  • 8c · Net income from fundraising events

    total -$13,130 · excluded -$13,130

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $84,729 · program services $84,729

  • 2 · Grants to domestic individuals

    total $7,805 · program services $7,805

  • 5 · Compensation of officers, directors and key employees

    total $71,994 · program services $7,200 · management and general $14,399 · fundraising $50,395

  • 7 · Other salaries and wages

    total $33,317 · program services $3,332 · fundraising $29,985

  • 8 · Pension plan contributions

    total $173 · program services $17 · fundraising $156

  • 10 · Payroll taxes

    total $7,530 · program services $753 · management and general $1,506 · fundraising $5,271

  • 11c · Fees: accounting

    total $9,890 · management and general $9,890

  • 11f · Fees: investment management

    total $3,010 · management and general $3,010

  • 11g · Fees: other

    total $1,929 · management and general $1,929

  • 12 · Advertising and promotion

    total $1,624 · fundraising $1,624

  • 13 · Office expenses

    total $7,297 · program services $730 · management and general $1,459 · fundraising $5,108

  • 14 · Information technology

    total $3,760 · program services $375 · management and general $753 · fundraising $2,632

  • 17 · Travel

    total $1,055 · management and general $1,055

  • 19 · Conferences, conventions and meetings

    total $1,880 · management and general $1,880

  • 20 · Interest

    total $10 · management and general $10

  • 23 · Insurance

    total $1,299 · management and general $1,299

  • 24e · All other expenses

    total $3,495 · program services $2,149 · management and general $299 · fundraising $1,047

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $475,947 · end of year $534,649

  • 2 · Savings and temporary cash investments

    beginning of year $86,923 · end of year $77,195

  • 10a · Land, buildings and equipment: cost or other basis

    $13,817

  • 10b · Land, buildings and equipment: accumulated depreciation

    $13,817

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $639,469 · end of year $641,467

  • 17 · Accounts payable and accrued expenses

    end of year $1,151

  • 18 · Grants payable

    beginning of year $240,000 · end of year $180,000

  • 27 · Net assets without donor restrictions

    beginning of year $85,309 · end of year $115,082

  • 28 · Net assets with donor restrictions

    beginning of year $877,030 · end of year $957,078

Mission and programs · 2022

Mission

TO FUND, INSPIRE AND PROMOTE EDUCATIONAL OPPORTUNITIES FOR ALL IN THE WATERLOO SCHOOLS.

Activities or mission (Part I)

SERVING AS A CATALYST FOR EDUCATIONAL EXCELLENCE AND PRIDE IN THE WATERLOO SCHOOL DISTRICT.

  • THE WATERLOO COMMUNITY SCHOOLS FOUNDATION (WSF) IS A 501(C)3 NONPROFIT ORGANIZATION THAT EXISTS TO ENHANCE ACADEMIC OPPORTUNITIES IN THE WATERLOO COMMUNITY SCHOOLS DISTRICT (WCSD). THE WSF SOLICITS FUNDING FROM LOCAL BUSINESSES, ORGANIZATIONS, HOUSEHOLDS, AND OTHER PRIVATE ENTITIES TO SUSTAIN THEIR MISSION AND ENSURE ONGOING COMMUNITY SUPPORT FOR THE SUCCESS OF WATERLOO'S PUBLIC EDUCATION. FUNDING IS DISTRIBUTED IN 3 AREAS; 1) DISTRICT INITIATIVES, WHICH ARE LARGE-SCALE ANNUAL PROJECTS PRIORITIZED BY THE SUPERINTENDENT AND WCSD BOARD OF EDUCATION 2) TEACHER GRANTS, WHICH BRING INNOVATIVE TEACHING AND LEARNING TO CLASSROOMS ACROSS THE WCSD AND 3) STUDENT GRANTS THAT BRIDGE FINANCIAL GAPS FOR STUDENTS TO ATTEND AND EXPERIENCE UNIQUE INDIVIDUAL LEARNING OPPORTUNITIES OUTSIDE OF THE CLASSROOM. OVER THE LAST 13 YEARS, THE WSF HAS GIVEN OVER $2.3 MILLION TO SUPPORT 12 DISTRICT INITIATIVES, 105 TEACHER GRANTS, AND 68 STUDENT GRANTS.

    Expenses $107,090 · Grants $92,534

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Hannah Luce

    EXECUTIVE DIRECTOR

    Total calculated
    $65,453
    From this org
    $60,882
    From related orgs
    $0
    Other
    $4,571
    Hours/week
    40

  • Kate Reicherts

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Kalola Roby

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Shante Wallican-Nesbit

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Ann Richter

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Adijan Abdic

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jay Koweil

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Anna Caughron

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Renee Christoffer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Lori Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Tiffini Kieler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Bernice Richard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Chuck Shirey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Mike Walden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Chris Wendland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jodi Minard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Kristin Stanford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Denise Thrower

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202431359349302783

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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