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Nonprofiteer
← GREATER CEDAR RAPIDS COMMUNITY FOUNDATION

Form 990 for tax year 2024

Filed by GREATER CEDAR RAPIDS COMMUNITY FOUNDATION.

Totals

Total revenue
$20,178,901
Total expenses
$13,759,796
Contributions and grants received
$8,998,413
Grants paid
$10,222,829
Program service revenue
$0
Investment income
$11,125,862
Other revenue
$54,626
Total assets, end of year
$229,293,739
Total liabilities, end of year
$43,480,603
Net assets or fund balances, end of year
$185,813,136
Program services expenses (Part IX)
$11,622,433
Management and general expenses
$1,162,667
Fundraising expenses
$974,696
Program service expenses (Part III)
$11,622,433

Program services were 84.5% 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.

  • 1f · All other contributions, gifts and grants

    $8,998,413

  • 1g · Noncash contributions included above

    $2,634,170

  • 3 · Investment income

    total $6,219,135 · excluded $6,219,135

  • 6a · Gross rents

    real property $26,725

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $26,725

  • 6d · Net rental income or loss

    total $26,725 · excluded $26,725

  • 7a · Gross sales of assets other than inventory

    securities $10,351,780

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

    securities $5,445,053

  • 7c · Gain or loss

    securities $4,906,727

  • 7d · Net gain or loss

    total $4,906,727 · excluded $4,906,727

  • 11a · Other revenue: OTHER INCOME

    total $27,901 · related or exempt $27,901

  • 11e · Other revenue, total

    $27,901

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,068,719 · program services $10,068,719

  • 2 · Grants to domestic individuals

    total $4,110 · program services $4,110

  • 3 · Grants to foreign organizations and individuals

    total $150,000 · program services $150,000

  • 5 · Compensation of officers, directors and key employees

    total $373,324 · program services $49,131 · management and general $214,132 · fundraising $110,061

  • 7 · Other salaries and wages

    total $1,380,168 · program services $516,224 · management and general $362,834 · fundraising $501,110

  • 8 · Pension plan contributions

    total $120,445 · program services $38,578 · management and general $39,568 · fundraising $42,299

  • 9 · Other employee benefits

    total $210,875 · program services $67,543 · management and general $69,276 · fundraising $74,056

  • 10 · Payroll taxes

    total $127,877 · program services $40,959 · management and general $42,010 · fundraising $44,908

  • 11b · Fees: legal

    total $25,007 · management and general $25,007

  • 11c · Fees: accounting

    total $71,921 · program services $26,318 · management and general $20,085 · fundraising $25,518

  • 11d · Fees: lobbying

    total $6,041 · management and general $6,041

  • 11f · Fees: investment management

    total $476,132 · program services $476,132

  • 11g · Fees: other

    total $88,217 · management and general $87,655 · fundraising $562

  • 12 · Advertising and promotion

    total $52,335 · program services $18,839 · management and general $12,961 · fundraising $20,535

  • 13 · Office expenses

    total $27,774 · program services $8,572 · management and general $9,176 · fundraising $10,026

  • 14 · Information technology

    total $191,410 · program services $70,042 · management and general $53,455 · fundraising $67,913

  • 16 · Occupancy

    total $104,245 · program services $37,536 · management and general $30,314 · fundraising $36,395

  • 17 · Travel

    total $17,963 · program services $6,561 · management and general $5,008 · fundraising $6,394

  • 19 · Conferences, conventions and meetings

    total $71,303 · program services $30,517 · management and general $23,607 · fundraising $17,179

  • 22 · Depreciation, depletion and amortization

    total $73,908 · management and general $73,908

  • 23 · Insurance

    total $30,314 · program services $1,361 · management and general $27,461 · fundraising $1,492

  • 24a · Other expenses: CGA, CRAT, CRUT DISTRIB

    total $43,052 · management and general $43,052

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $30,856 · program services $11,291 · management and general $8,617 · fundraising $10,948

  • 24c · Other expenses: MISCELLANEOUS

    total $12,674 · management and general $8,500 · fundraising $4,174

  • 24d · Other expenses: DONOR OUTREACH

    total $1,126 · fundraising $1,126

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $11,642,738 · end of year $7,778,299

  • 3 · Pledges and grants receivable

    beginning of year $1,192,133 · end of year $104,364

  • 9 · Prepaid expenses and deferred charges

    beginning of year $138,921 · end of year $71,162

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

    $2,450,056

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

    $1,097,731

  • 10c · Land, buildings and equipment, net

    beginning of year $1,383,982 · end of year $1,352,325

  • 11 · Investments: publicly traded securities

    beginning of year $157,999,287 · end of year $140,000,866

  • 12 · Investments: other securities

    beginning of year $35,832,507 · end of year $75,390,554

  • 15 · Other assets

    beginning of year $4,112,678 · end of year $4,596,169

  • 17 · Accounts payable and accrued expenses

    beginning of year $137,829 · end of year $123,994

  • 18 · Grants payable

    beginning of year $99,230 · end of year $69,171

  • 21 · Escrow or custodial account liability

    beginning of year $39,425,793 · end of year $43,058,938

  • 25 · Other liabilities

    beginning of year $244,400 · end of year $228,500

  • 27 · Net assets without donor restrictions

    beginning of year $168,715,358 · end of year $181,713,162

  • 28 · Net assets with donor restrictions

    beginning of year $3,679,636 · end of year $4,099,974

Mission and programs · 2024

Mission

THE GREATER CEDAR RAPIDS COMMUNITY FOUNDATION (THE COMMUNITY FOUNDATION) PARTNERS WITH DONORS, FUNDERS, AND OTHER COMMUNITY COLLABORATORS TO ACHIEVE HIGH-IMPACT PHILANTHROPY, SUPPORTS NONPROFIT ORGANIZATIONS THAT ADDRESS OUR COMMUNITY'S NEEDS AND OPPORTUNITIES, AND CONVENES PEOPLE TO LEARN, SHARE IDEAS, AND DEVELOP SOLUTIONS FOR THE FUTURE.

Activities or mission (Part I)

TO STRENGTHEN OUR COMMUNITY THROUGH PHILANTHROPY.

  • COMMUNITY FOUNDATION INVESTS IN THE FUTURE OF LINN COUNTY, IOWA BY HELPING DONORS WITH THEIR PHILANTHROPY AND MAKING GRANTS TO SUPPORT NONPROFITS AND THE COMMUNITY. THE COMMUNITY FOUNDATION PROVIDES HIGH-LEVEL PHILANTHROPIC SERVICES INCLUDING EXPERT ADVICE, PROFESSIONAL FUND MANAGEMENT, MAXIMUM TAX SAVINGS, AND COMMUNITY KNOWLEDGE OF HUNDREDS OF LOCAL NONPROFIT ORGANIZATIONS. THE COMMUNITY FOUNDATION'S GRANT PROGRAMS SUPPORT NONPROFIT ORGANIZATIONS THAT ADDRESS THE COMMUNITY'S GREATEST NEEDS AND OPPORTUNITIES.

    Expenses $11,099,802 · Grants $10,155,829 · Revenue $27,901

  • FOR OVER 75 YEARS, THE COMMUNITY FOUNDATION HAS PARTNERED WITH DONORS, LOCAL LEADERS, AND HUNDREDS OF NONPROFIT ORGANIZATIONS AS A FUNDER AND CONVENER TO DEVELOP AND IMPLEMENT BETTER SOLUTIONS FOR THE FUTURE. BY LEVERAGING ITS RESOURCES AND BUILDING RELATIONSHIPS WITH OTHERS, THE COMMUNITY FOUNDATION ACTS AS A CATALYST FOR CHANGE BY WORKING ON ISSUES OF BROAD COMMUNITY IMPORTANCE SO EVERYONE IN LINN COUNTY HAS OPPORTUNITIES TO ACHIEVE THEIR FULL POTENTIAL.

    Expenses $440,727 · Grants $67,000

  • IN ADDITION TO GRANTMAKING, THE NONPROFIT NETWORK PROVIDES A POINT OF CONNECTION FOR LOCAL NONPROFIT PROFESSIONALS TO HELP BUILD THE CAPACITY OF NONPROFIT ORGANIZATIONS. NONPROFIT NETWORK OFFERS PEER GROUPS, LEARNING OPPORTUNITIES, AND ACCESS TO RESOURCES AND INFORMATION.

    Expenses $81,904

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jon Landon

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Jim Haddad

    CHAIR-ELECT (UNTIL 8/1/24)

    Total calculated
    $0
    Hours/week
    2

  • Michelle Niermann

    CHAIR ELECT

    Total calculated
    $0
    Hours/week
    2

  • David Little

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Anthony Arrington

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Jill Ackerman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ray Brown

    DIRECTOR (UNTIL 10/7/24)

    Total calculated
    $0
    Hours/week
    1

  • Patrice Carroll

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chris Casey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Nancy Hill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mary Junge

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Janice Kerkove

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Diana Ledford

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Joe Lock

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brandi Mueller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tracey Myers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dave Parmley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Okpara Rice

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Craig Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Haywood Stowe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matthew Van Maanen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Karla Twedt-Ball

    PRESIDENT & CEO

    Total calculated
    $231,431
    From this org
    $194,446
    From related orgs
    $0
    Other
    $36,985
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,930
    Bonus
    $0
    Other
    $516
    Deferred
    $14,145
    Nontaxable benefits
    $22,840
    Filer's total
    $231,431

  • Jean Brenneman

    CFO

    Total calculated
    $141,894
    From this org
    $117,291
    From related orgs
    $0
    Other
    $24,603
    Hours/week
    32

  • Corinne Rahe

    VP OF COMMUNICATIONS

    Total calculated
    $137,000
    From this org
    $113,756
    From related orgs
    $0
    Other
    $23,244
    Hours/week
    40

  • Joe Heitz

    VP OF COMMUNITY IMPACT

    Total calculated
    $135,813
    From this org
    $116,974
    From related orgs
    $0
    Other
    $18,839
    Hours/week
    40

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • FOUNDATION 2 AKA FOUNDATION 2 CRISIS SERVICES

    $371,323

    PUTTS FOR PREVENTION, STT, MENTAL HEALTH MATTERS, SHELTER, EMERGENCY YOUTH SHELTER SUPPORT, CAPITAL CAMPAIGN, GROUP VIOLENCE INTERVENTION FY25 JULY - JUNE, LEADERSHIP DRIVEN RECRUITMENT AND RETENTION

  • UNITED WAY OF EAST CENTRAL IOWA

    $330,730

    GENERAL SUPPORT, WOMEN UNITED, DAY OF CARING, 2024 COMPANY COORDINATOR BREAKFAST SUPPORT, PROGRAM SUPPORT

  • COE COLLEGE

    $314,017

    GLIDDEN COMMUNITY SERVICE SCHOLARSHIP, SHOT AT COLLEGE RSM SCHOLARSHIP, KALOUS OPPORTUNITY SCHOLARSHIP, GENERAL SUPPORT

  • COMMUNITY THEATRE OF CEDAR RAPIDS DBA THEATRE CEDAR RAPIDS

    $281,620

    GENERAL SUPPORT, CAPITAL CAMPAIGN: CAPITAL CAMP, EDUCATION SUPPORT, 2025 SPRING MUSICAL SUPPORT, TCR'S 2023-2024 BROADWAY SERIES SUPPORT

  • INDIAN CREEK NATURE CENTER

    $279,676

    CREEKSIDE FOREST SCHOOL TRANSPORTATION PREPARATION, GENERAL SUPPORT, 50 DONORS CELEBRATING 50 YEARS CAMPAIGN, MANAGE, RESTORE AND UPGRADE LANDS AND FACILITIES, OPERATING AND MAINTAINING ETZEL SUGAR GROVE FARM AND ASSOCIATED LAND, SUPPORT PROGRAMMING AND TRANSPORTATION FOR AT-RISK YOUTH, SUPPORT EFFORTS AND PROGRAMS RELATED TO RESTORATION AND RECONSTRUCTION OF NATIVE ECOSYSTEMS IN IOWA, PROVIDING IMMERSIVE NATURE PROGRAMMING FOR ALL, ETZEL SUGAR GROVE WORKSHOP AND FARM OPERATIONS '24, BILLBOARD, ALL-TERRAIN WHEELCHAIRS, PROTECTING PRODUCTION AT THE PERMACULTURE FARM, PROGRAM SUPPORT: ACCESSIBLE TRAILS PROGRAM, CREATING CHAMPIONS OF NATURE FOR THE NEXT 50 YEARS, IMMERSIVE OUTDOOR FIELD TRIPS FOR ALL

  • CEDAR RAPIDS MUSEUM OF ART

    $272,691

    GENERAL SUPPORT, SPRING AND FALL 2024 EXHIBITIONS AND EDUCATIONAL PROGRAMMING, CRMA GALA

  • CORNELL COLLEGE

    $227,545

    SCHOLARSHIPS FOR FEMALE STUDENTS INTERESTED IN PUBLIC SERVICE, RUSSELL D. COLE LIBRARY, BERRY CENTER, CAPITAL CAMPAIGN, FOOTBALL PROGRAM

  • ORCHESTRA IOWA

    $211,629

    GENERAL SUPPORT, THEE SYMPHONY CENTER, SYMPHONY SCHOOL SCHOLARSHIPS OR INSTRUMENT RENTAL FOR YOUNG PEOPLE WHO HAVE A DEMONSTRATED PASSION AND WOULD OTHERWISE BE UNABLE TO PARTICIPATE, FIRST TRUMPET, THE MAESTRO'S BATON ENDOWMENT, SUPPORT THE COSTS ASSOCIATED WITH EMPLOYING A TUBA CHAIR, FOR MUSIC INSTRUMENT MAINTENANCE AND/OR PRINTED MUSIC PURCHASE OR RENTAL, ORCHESTRA IOWA'S 2023-24 SEASON, ORCHESTRA IOWA'S 2025-2030 STRATEGIC PLAN, OPUS CIRCLE DONATION, CELESTA

  • BIG BROTHERS BIG SISTERS OF CEDAR RAPIDS & EAST CENTRAL IOWA

    $207,161

    EVENT SUPPORT: BOWL FOR KIDS SAKE, GENERAL SUPPORT, MAXIMIZING YOUTH MENTORING IMPACT, SUPPORTING YOUTH EXPERIENCING MENTAL HEALTH CRISES, BIG MAGIC, ELIMINATING BARRIERS & EXPANDING SUPPORT FOR MENTORS & MENTEES, CAPITAL CAMPAIGN, BUILDING AND SUSTAINING EFFECTIVE YOUTH MENTORING, MENTORING GIRLS: EMPOWERING LITTLES TO BE LEADERS

  • MATTHEW 25

    $203,601

    SO: ORGANIC FOOD ACCESS THROUGH PAY-IT-FORWARD CAFE, GENERAL SUPPORT, CULTIVATE HOPE PROGRAM, TRANSFORM WEEK: IMPROVING LIVES WITH HOME REPAIRS, SOLAR PARTNERSHIP W/ VM AND ELECTRICAL CONCEPTS, PHILIP HAMILTON PAY-IT-FORWARD ENDOWED FUND, THRIVE COHORT PROFESSIONAL DEVELOPMENT

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

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202543169349304519

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

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