Form 990 for tax year 2024
Filed by CEDAR FALLS COMMUNITY FOUNDATION INC.
Totals
- Total revenue
- $1,135,167
- Total expenses
- $693,150
- Contributions and grants received
- $351,653
- Grants paid
- $457,600
- Program service revenue
- $94,931
- Investment income
- $688,583
- Other revenue
- $0
- Total assets, end of year
- $9,167,705
- Total liabilities, end of year
- $1,155,217
- Net assets or fund balances, end of year
- $8,012,488
- Program services expenses (Part IX)
- $490,436
- Management and general expenses
- $186,191
- Fundraising expenses
- $16,523
- Program service expenses (Part III)
- $490,436
Program services were 70.8% 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.
-
1f · All other contributions, gifts and grants
$351,653
-
2a · Program service revenue: SERVICE FEE INCOME
total $94,931 · related or exempt $94,931
-
3 · Investment income
total $241,472 · excluded $241,472
-
7a · Gross sales of assets other than inventory
securities $926,257
-
7b · Less cost or other basis and sales expenses
securities $479,146
-
7c · Gain or loss
securities $447,111
-
7d · Net gain or loss
total $447,111 · excluded $447,111
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $457,600 · program services $457,600
-
5 · Compensation of officers, directors and key employees
total $50,769 · program services $14,917 · management and general $27,928 · fundraising $7,924
-
7 · Other salaries and wages
total $317 · program services $317
-
10 · Payroll taxes
total $4,103 · program services $1,131 · management and general $2,382 · fundraising $590
-
11c · Fees: accounting
total $12,500 · management and general $12,500
-
11f · Fees: investment management
total $40,336 · management and general $40,336
-
11g · Fees: other
total $695 · management and general $695
-
13 · Office expenses
total $19,522 · program services $16,471 · management and general $1,656 · fundraising $1,395
-
14 · Information technology
total $16,072 · management and general $12,858 · fundraising $3,214
-
24a · Other expenses: YEARLY ASSESSMENT
total $79,935 · management and general $79,935
-
24e · All other expenses
total $11,301 · management and general $7,901 · fundraising $3,400
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $568,473 · end of year $663,425
-
3 · Pledges and grants receivable
beginning of year $196,170 · end of year $126,938
-
11 · Investments: publicly traded securities
beginning of year $7,792,013 · end of year $8,377,342
-
17 · Accounts payable and accrued expenses
beginning of year $825 · end of year $931
-
18 · Grants payable
beginning of year $291,250 · end of year $229,500
-
21 · Escrow or custodial account liability
beginning of year $812,589 · end of year $924,786
-
27 · Net assets without donor restrictions
beginning of year $1,549,707 · end of year $1,693,537
-
28 · Net assets with donor restrictions
beginning of year $5,902,285 · end of year $6,318,951
Listed in Part VII
-
JOHN LEHMAN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
SUSAN CARD
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
TOM PAULSEN
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
MAUREEN HENDERSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
JANELLE DARST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BRIAN SANDERMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
SHIRLEY MERNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
JENNIFER RODENBECK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
RUSS CURTIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LYNN SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
ANGI FARLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
BILL CALHOUN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
DEE VANDEVENTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
FRANK ESSER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ANN LYONS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KIM BEAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
PAUL KOCKLER
DIRECTOR (BEG 4/2024)
- Total calculated
- $0
- Hours/week
- 0.5
-
KIM MANNING
DIRECTOR (BEG 4/2024)
- Total calculated
- $0
- Hours/week
- 2
-
LORELEI REDFERN
DIRECTOR (BEG 4/2024)
- Total calculated
- $0
- Hours/week
- 1.5
-
KELSEY UMTHUN
DIRECTOR (BEG 4/2024)
- Total calculated
- $0
- Hours/week
- 0.5
-
SALLY TIMMER
EXECUTIVE DIRECTOR
- Total calculated
- $50,779
- From this org
- $49,300
- From related orgs
- $0
- Other
- $1,479
- Hours/week
- 25
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
-
$184,366
CEDAR RIVER RECREATIONAL ENHANCEMENT
-
$122,822
LIBRARY SUPPORT
-
SCHOLARSHIPS
-
$28,410
SUPPORT SERVICES
-
$21,200
CHILD CARE RESOURCE & REFERRAL OF NORTHEAST IOWA
-
$19,558
CAPITAL PROJECTS AND COMMUNITY EVENT
-
$10,000
BEYOND PINK TEAM
-
MEMORIAL PLAZA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 6 May 2025
- IRS schema version
- 2024v5.1
- Source object
- 202501279349300505
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