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← COMMUNITY FOUNDATION FOR WESTERN IOWA

Form 990 for tax year 2023

Filed by COMMUNITY FOUNDATION FOR WESTERN IOWA.

Totals

Total revenue
$4,632,343
Total expenses
$5,466,717
Contributions and grants received
$2,469,174
Grants paid
$4,569,729
Program service revenue
$0
Investment income
$2,001,198
Other revenue
$161,971
Total assets, end of year
$44,593,080
Total liabilities, end of year
$4,931,714
Net assets or fund balances, end of year
$39,661,366
Program services expenses (Part IX)
$4,725,122
Management and general expenses
$456,601
Fundraising expenses
$284,994
Program service expenses (Part III)
$4,725,122

Program services were 86.4% 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

    $2,469,174

  • 3 · Investment income

    total $531,370 · excluded $531,370

  • 6a · Gross rents

    real property $200,000

  • 6b · Less rental expenses

    real property $38,029

  • 6c · Rental income or loss

    real property $161,971

  • 6d · Net rental income or loss

    total $161,971 · excluded $161,971

  • 7a · Gross sales of assets other than inventory

    securities $13,549,221 · other assets $125,548

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

    securities $12,204,941

  • 7c · Gain or loss

    securities $1,344,280 · other assets $125,548

  • 7d · Net gain or loss

    total $1,469,828 · excluded $1,469,828

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,026,979 · program services $4,026,979

  • 2 · Grants to domestic individuals

    total $542,750 · program services $542,750

  • 5 · Compensation of officers, directors and key employees

    total $161,243 · program services $16,124 · management and general $48,373 · fundraising $96,746

  • 7 · Other salaries and wages

    total $272,812 · program services $62,006 · management and general $199,038 · fundraising $11,768

  • 9 · Other employee benefits

    total $13,665 · program services $2,323 · management and general $8,199 · fundraising $3,143

  • 10 · Payroll taxes

    total $33,205 · program services $5,977 · management and general $18,927 · fundraising $8,301

  • 11g · Fees: other

    total $45,271 · management and general $42,253 · fundraising $3,018

  • 12 · Advertising and promotion

    total $228,021 · program services $57,005 · management and general $25,082 · fundraising $145,934

  • 13 · Office expenses

    total $48,174 · program services $8,196 · management and general $27,685 · fundraising $12,293

  • 16 · Occupancy

    total $13,272 · management and general $13,272

  • 17 · Travel

    total $4,530 · program services $906 · management and general $1,812 · fundraising $1,812

  • 20 · Interest

    total $12,087 · management and general $12,087

  • 22 · Depreciation, depletion and amortization

    total $25,436 · management and general $25,436

  • 23 · Insurance

    total $18,563 · management and general $18,563

  • 24a · Other expenses: MISCELLANEOUS

    total $10,817 · program services $2,856 · management and general $7,961

  • 24b · Other expenses: DUES

    total $8,114 · management and general $6,491 · fundraising $1,623

  • 24c · Other expenses: MEETINGS

    total $1,778 · management and general $1,422 · fundraising $356

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,047,229 · end of year $1,659,713

  • 2 · Savings and temporary cash investments

    beginning of year $250,000 · end of year $782,002

  • 3 · Pledges and grants receivable

    beginning of year $104,154 · end of year $240,500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,253 · end of year $7,877

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

    $7,036,043

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

    $83,472

  • 10c · Land, buildings and equipment, net

    beginning of year $6,962,553 · end of year $6,952,571

  • 11 · Investments: publicly traded securities

    beginning of year $34,093,794 · end of year $34,950,417

  • 17 · Accounts payable and accrued expenses

    beginning of year $489,359 · end of year $610,031

  • 21 · Escrow or custodial account liability

    beginning of year $4,196,285 · end of year $4,114,319

  • 24 · Unsecured notes and loans payable

    beginning of year $212,559 · end of year $207,364

  • 27 · Net assets without donor restrictions

    beginning of year $37,556,780 · end of year $39,512,883

  • 28 · Net assets with donor restrictions

    beginning of year $10,000 · end of year $148,483

Mission and programs · 2023

Mission

THE COMMUNITY FOUNDATION FOR WESTERN IOWA IS DEDICATED TO CREATING A LASTING LEGACY IN OUR REGION BY ENGAGING OUR CITIZENS AND COMMUNITIES FOR DURABLE CHANGE AND FOSTERING A CULTURE OF PHILANTHROPY. THIS IS WHERE GIVING GROWS.

  • THE COMMUNITY FOUNDATION FOR WESTERN IOWA PROVIDES GRANTS AND ALLOCATIONS TO NONPROFIT CHARIABLE ORGANIZATIONS. COMMUNITY FOUNDATION FOR WESTERN IOWA IS A TAX-EXEMPT NON-PROFIT SERVING THOUSANDS OF PEOPLE WHO SHARE A COMMON INTEREST - TO IMPROVE THE QUALITY OF LIFE IN SOUTHWEST IOWA. CREATING A LASTING IMPACT AND SUSTAINING LIFE- AFFIRMING PROGRAMS AND SERVICES IS VERY IMPORTANT TO THE INVESTORS AT COMMUNITY FOUNDATION FOR WESTERN IOWA. OUR ROLE IS TO SOLIDLY CONNECT INDIVIDUALS, ORGANIZATIONS, AND CORPORATIONS THAT ARE COMMITTED TO MAKING A TANGIBLE DIFFERENCE TO THE MOST PRESSING ISSUES AND COMPELLING PROJECTS DESIGNED TO ENHANCE THE QUALITY AND VIBRANCE OF OUR COMMUNITY. AT COMMUNITY FOUNDATION FOR WESTERN IOWA, WE IDENTIFY CURRENT AND EMERGING ISSUES IN ORDER TO HELP OUR INVESTORS CHANNEL RESOURCES AND CREATE A LASTING LEGACY THAT ADDRESSES THE MOST PRESSING NEEDS, ENSURING OUR COMMUNITIES ARE STRONG FOR GENERATIONS TO COME.

    Expenses $4,725,122 · Grants $4,569,729

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Donna Dostal

    PRESIDENT/CE

    Total calculated
    $135,746
    From this org
    $135,746
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Connie Casson

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kathryne Cutler

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Anthony Fahrenkrog

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Alan Gardner

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sheryl Garst

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lucy Hough

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Jerkovich

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Henry McKinley

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dan Peterson

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Christy Sauser

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Donna Schoeppner

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Nancy Schulze

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Stephen Wild

    MEMBER

    Total calculated
    $0
    Hours/week
    1

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

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • PCCF GREEN LLC

    FARM RENTA · IA · income $200,000 · assets $6,163,938

    Directly controlled by COMM FDNT COMMUNITY FNDT FOR WESTERN IOWA

Provenance

Return type
form_990
Tax year
2023
Filed
27 September 2024
IRS schema version
2023v5.0
Source object
202402719349300115

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