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Nonprofiteer
← CEDAR FALLS COMMUNITY FOUNDATION INC

Form 990 for tax year 2023

Filed by CEDAR FALLS COMMUNITY FOUNDATION INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 24 July 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Both are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$685,430
Total expenses
$638,537
Contributions and grants received
$253,268
Grants paid
$418,281
Program service revenue
$78,794
Investment income
$353,368
Other revenue
$0
Total assets, end of year
$8,556,656
Total liabilities, end of year
$1,104,664
Net assets or fund balances, end of year
$7,451,992
Program services expenses (Part IX)
$453,578
Management and general expenses
$170,631
Fundraising expenses
$14,328
Program service expenses (Part III)
$453,578

Program services were 71.0% 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

    $253,268

  • 2a · Program service revenue: SERVICE FEE INCOME

    total $78,794 · related or exempt $78,794

  • 3 · Investment income

    total $195,314 · excluded $195,314

  • 7a · Gross sales of assets other than inventory

    securities $1,583,682

  • 7b · Less cost or other basis and sales expenses

    securities $1,425,628

  • 7c · Gain or loss

    securities $158,054

  • 7d · Net gain or loss

    total $158,054 · excluded $158,054

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $418,281 · program services $418,281

  • 5 · Compensation of officers, directors and key employees

    total $48,410 · program services $14,523 · management and general $26,626 · fundraising $7,261

  • 10 · Payroll taxes

    total $4,172 · program services $1,252 · management and general $2,295 · fundraising $625

  • 11c · Fees: accounting

    total $11,000 · management and general $11,000

  • 11f · Fees: investment management

    total $36,407 · management and general $36,407

  • 11g · Fees: other

    total $80 · management and general $80

  • 12 · Advertising and promotion

    total $19,150 · program services $19,150

  • 13 · Office expenses

    total $3,167 · program services $372 · management and general $2,284 · fundraising $511

  • 14 · Information technology

    total $15,185 · management and general $12,148 · fundraising $3,037

  • 24a · Other expenses: YEARLY ASSESSMENT

    total $71,666 · management and general $71,666

  • 24e · All other expenses

    total $11,019 · management and general $8,125 · fundraising $2,894

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $336,089 · end of year $568,473

  • 3 · Pledges and grants receivable

    beginning of year $4,800 · end of year $196,170

  • 11 · Investments: publicly traded securities

    beginning of year $7,075,543 · end of year $7,792,013

  • 17 · Accounts payable and accrued expenses

    beginning of year $744 · end of year $825

  • 18 · Grants payable

    beginning of year $115,000 · end of year $291,250

  • 25 · Other liabilities

    beginning of year $554,051 · end of year $812,589

  • 27 · Net assets without donor restrictions

    beginning of year $1,453,098 · end of year $1,549,707

  • 28 · Net assets with donor restrictions

    beginning of year $5,293,539 · end of year $5,902,285

Mission and programs · 2023

Mission

THE CEDAR FALLS COMMUNITY FOUNDATION INSPIRES AND CONNECTS INDIVIDUALS, FAMILIES, AND ORGANIZATIONS TO ENHANCE OUR COMMUNITY, SUPPORT NON-PROFITS, ELEVATE EDUCATIONAL OPPORTUNITIES, AND BUILD LEGACIES THROUGH PHILANTHROPY.

Activities or mission (Part I)

SUPPORT CULTURAL, SCHOLARLY, RECREATIONAL, LITERARY, AND ARTISTIC ENDEAVORS.

  • THE FOUNDATION ADMINISTERS GRANT FUNDS CREATED BY INDIVIDUALS, FAMILIES AND ORGANIZATIONS FOR THE BENEFIT OF CEDAR FALLS ORGANIZATIONS AND CIVIC INSTITUTIONS; MAKES GRANTS IN SUPPORT OF SIGNIFICANT CEDAR FALLS CAPITAL PROJECTS; AND SERVES FUNDRAISING NEEDS FOR SHORT TERM COMMUNITY PROJECTS. THE FOUNDATION PROVIDED GRANTS TO 23 ORGANIZATIONS DURING 2023.

    Expenses $453,578 · Grants $418,281 · Revenue $78,794

As filed on the 2023 return.

Listed in Part VII

  • JOHN LEHMAN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • 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
    1

  • JANELLE DARST

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • BRIAN SANDERMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHIRLEY MERNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • 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
    1

  • ANGI FARLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • BILL CALHOUN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • DEE VANDEVENTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • FRANK ESSER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • ANN LYONS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KIM BEAR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RON GAINES

    FORMER DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • MIKE SULENTIC

    FORMER DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • SALLY TIMMER

    EXECUTIVE DIRECTOR

    Total calculated
    $48,410
    From this org
    $47,000
    From related orgs
    $0
    Other
    $1,410
    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

Provenance

Return type
form_990
Tax year
2023
Filed
26 April 2024
IRS schema version
2023v5.0
Source object
202441249349301619

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