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Nonprofiteer
← GREATER CEDAR RAPIDS COMMUNITY FOUNDATION

Form 990 for tax year 2023

Filed by GREATER CEDAR RAPIDS COMMUNITY FOUNDATION.

Totals

Total revenue
$15,302,878
Total expenses
$13,079,026
Contributions and grants received
$12,937,906
Grants paid
$9,619,397
Program service revenue
$0
Investment income
$2,335,696
Other revenue
$29,276
Total assets, end of year
$212,302,246
Total liabilities, end of year
$39,907,252
Net assets or fund balances, end of year
$172,394,994
Program services expenses (Part IX)
$11,065,687
Management and general expenses
$1,056,856
Fundraising expenses
$956,483
Program service expenses (Part III)
$11,065,687

Program services were 84.6% 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

    $12,937,906

  • 1g · Noncash contributions included above

    $3,619,068

  • 3 · Investment income

    total $1,945,815 · excluded $1,945,815

  • 6a · Gross rents

    real property $25,458

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $25,458

  • 6d · Net rental income or loss

    total $25,458 · excluded $25,458

  • 7a · Gross sales of assets other than inventory

    securities $8,691,780

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

    securities $8,287,534 · other assets $14,365

  • 7c · Gain or loss

    securities $404,246 · other assets -$14,365

  • 7d · Net gain or loss

    total $389,881 · excluded $389,881

  • 11a · Other revenue: OTHER INCOME

    total $3,818 · related or exempt $3,818

  • 11e · Other revenue, total

    $3,818

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $9,394,771 · program services $9,394,771

  • 2 · Grants to domestic individuals

    total $26,718 · program services $26,718

  • 3 · Grants to foreign organizations and individuals

    total $197,908 · program services $197,908

  • 5 · Compensation of officers, directors and key employees

    total $479,165 · program services $146,964 · management and general $226,138 · fundraising $106,063

  • 7 · Other salaries and wages

    total $1,310,073 · program services $453,728 · management and general $335,404 · fundraising $520,941

  • 8 · Pension plan contributions

    total $93,145 · program services $31,271 · management and general $29,233 · fundraising $32,641

  • 9 · Other employee benefits

    total $166,014 · program services $55,735 · management and general $52,103 · fundraising $58,176

  • 10 · Payroll taxes

    total $126,579 · program services $42,496 · management and general $39,726 · fundraising $44,357

  • 11a · Fees: management

    total $47,052 · program services $200 · management and general $46,852

  • 11b · Fees: legal

    total $20,909 · management and general $20,909

  • 11c · Fees: accounting

    total $62,669 · program services $21,065 · management and general $20,964 · fundraising $20,640

  • 11d · Fees: lobbying

    total $6,200 · management and general $6,200

  • 11f · Fees: investment management

    total $514,110 · program services $514,110

  • 11g · Fees: other

    total $562 · fundraising $562

  • 12 · Advertising and promotion

    total $52,468 · program services $21,526 · management and general $13,181 · fundraising $17,761

  • 13 · Office expenses

    total $37,130 · program services $12,326 · management and general $12,618 · fundraising $12,186

  • 14 · Information technology

    total $146,414 · program services $54,195 · management and general $39,116 · fundraising $53,103

  • 16 · Occupancy

    total $111,017 · program services $39,893 · management and general $32,035 · fundraising $39,089

  • 17 · Travel

    total $22,533 · program services $8,334 · management and general $6,015 · fundraising $8,184

  • 19 · Conferences, conventions and meetings

    total $70,527 · program services $32,407 · management and general $24,771 · fundraising $13,349

  • 22 · Depreciation, depletion and amortization

    total $64,718 · management and general $64,718

  • 23 · Insurance

    total $23,195 · program services $1,484 · management and general $20,162 · fundraising $1,549

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

    total $51,749 · management and general $51,749

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $42,688 · program services $10,556 · management and general $7,619 · fundraising $24,513

  • 24c · Other expenses: VACATION ACCRUAL

    total $7,343 · management and general $7,343

  • 24d · Other expenses: DONOR OUTREACH

    total $3,369 · management and general $0 · fundraising $3,369

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $9,731,412 · end of year $11,642,738

  • 3 · Pledges and grants receivable

    beginning of year $1,107,728 · end of year $1,192,133

  • 9 · Prepaid expenses and deferred charges

    beginning of year $93,209 · end of year $138,921

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

    $2,415,305

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

    $1,031,323

  • 10c · Land, buildings and equipment, net

    beginning of year $1,391,075 · end of year $1,383,982

  • 11 · Investments: publicly traded securities

    beginning of year $136,329,882 · end of year $157,999,287

  • 12 · Investments: other securities

    beginning of year $38,018,286 · end of year $35,832,507

  • 15 · Other assets

    beginning of year $3,343,405 · end of year $4,112,678

  • 17 · Accounts payable and accrued expenses

    beginning of year $242,787 · end of year $137,829

  • 18 · Grants payable

    beginning of year $317,168 · end of year $99,230

  • 21 · Escrow or custodial account liability

    beginning of year $35,954,414 · end of year $39,425,793

  • 25 · Other liabilities

    beginning of year $329,100 · end of year $244,400

  • 27 · Net assets without donor restrictions

    beginning of year $150,199,199 · end of year $168,715,358

  • 28 · Net assets with donor restrictions

    beginning of year $2,972,329 · end of year $3,679,636

Mission and programs · 2023

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 STRENGHTEN 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 $10,639,395 · Grants $9,557,280 · Revenue $3,817

  • FOR OVER 70 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 $333,727 · Grants $62,117

  • 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 $92,565

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

Listed in Part VII

  • MIKE SHEELEY

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • JON LANDON

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • DIANA LEDFORD

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • JIM HADDAD

    CHAIR-ELECT

    Total calculated
    $0
    Hours/week
    2

  • JASMINE ALMOAYYED

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MOLLY ALTORFER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ANTHONY ARRINGTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • PATRICE CARROLL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CHRIS CASEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • NANCY HILL-DAVIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARY JUNGE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JANICE KERKOVE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DAVID LITTLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JOE LOCK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BRANDI MUELLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • TRACEY MYERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MICHELLE NIERMANN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DAVE PARMLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • OKPARA RICE

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    2

  • HAYWOOD STOWE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LESLIE H GARNER JR

    PRESIDENT & CEO (UNTIL 6/30)

    Total calculated
    $149,611
    From this org
    $129,310
    From related orgs
    $0
    Other
    $20,301
    Hours/week
    40

  • KARLA TWEDT-BALL

    PRESIDENT & CEO (PART-YEAR)

    Total calculated
    $200,831
    From this org
    $166,386
    From related orgs
    $0
    Other
    $34,445
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,063
    Bonus
    $100
    Other
    $223
    Deferred
    $12,258
    Nontaxable benefits
    $22,187
    Filer's total
    $200,831

  • JEAN BRENNEMAN

    CFO

    Total calculated
    $140,199
    From this org
    $116,706
    From related orgs
    $0
    Other
    $23,493
    Hours/week
    32

  • MICHELLE BEISKER

    VP OF DEVELOPMENT

    Total calculated
    $177,913
    From this org
    $142,380
    From related orgs
    $0
    Other
    $35,533
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,652
    Bonus
    $100
    Other
    $2,628
    Deferred
    $10,626
    Nontaxable benefits
    $24,907
    Filer's total
    $177,913

  • CORINNE RAMLER

    VP OF COMMUNICATIONS

    Total calculated
    $130,012
    From this org
    $107,669
    From related orgs
    $0
    Other
    $22,343
    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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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

The filer's explanations (Part III)

PART I, LINE 1A
PAYMENT OF SOCIAL CLUB DUES FOR THE VICE PRESIDENT OF DEVELOPMENT IS PRIMARILY FOR BUSINESS USE. THE PERSONAL USE PORTION OF DUES IS INCLUDED IN THE VICE PRESIDENT OF DEVELOPMENT'S TAXABLE WAGES.
PART I, LINE 1B
THERE IS NO WRITTEN POLICY, HOWEVER THE BOARD APPROVED THE PAYMENT OF THE DUES AS PART OF THE PRESIDENT & CEO'S OVERALL COMPENSATION PACKAGE.

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

    $351,997

    FOUNDATION 2 CRISIS SERVICES HEADQUARTERS FACILITY, CAPITAL CAMPAIGN, CAPITAL CAMPAIGN: LEGACY WALL - CAPITAL CAMPAIGN, ANNUAL DESIGNATED DISTRIBUTION, FOUNDATION 2 HEADQUARTERS FACILITY, FOR HUMAN SERVICES FOR YOUTH & FAMILIES AND COUNSELING SERVICES, GENERAL SUPPORT: MENTAL HEALTH MATTERS 5K, PROGRAM SUPPORT: STUFF THE TRUCK 11/28/2023, THRIVE COHORT PROFESSIONAL DEVELOPMENT, EMERGENCY YOUTH SHELTER SUPPORT, GROUP VIOLENCE INTERVENTION FY24 JULY - JUNE, EMERGENCY YOUTH SHELTER SUPPORT, GENERAL SUPPORT

  • COE COLLEGE

    $317,053

    ANNUAL DESIGNATED DISTRIBUTION, ANNUAL DESIGNATED DISTRIBUTION FOR GENERAL FUND, GENERAL FUND, OTHER: STUDENT TEACHER SCHOLARSHIP (JAMES CLANCY IS A COE ALUM AND ALSO SUPERVISED STUDENT TEACHERS AT COE), 2023 WASHINGTON ALUMNI SCHOLARSHIP, 2023 GLIDDEN COMMUNITY SERVICE SCHOLARSHIP, 2022 SHOT AT COLLEGE RSM SCHOLARSHIP FOR 2023, 2021 KALOUS OPPORTUNITY SCHOLARSHIP

  • UNITED WAY OF EAST CENTRAL IOWA

    $310,338

    ANNUAL SUPPORT: ANNUAL VAN METER CAMPAIGN, GENERAL SUPPORT, EVENT SUPPORT: DAY OF CARING SHIRT SUPPORT, GENERAL SUPPORT: VETERAN SUPPORT - JONES COUNTY VOLUNTEER CENTER, GENERAL SUPPORT: WOMEN UNITED 2023, ANNUAL DESIGNATED DISTRIBUTION, ANNUAL DESIGNATED DISTRIBUTION: FUNDS DESIGNATED TO SUPPORT WOMEN UNITED WITH THE BALANCE DESIGNATED TO THE COMMUNITY FUND, GENERAL SUPPORT: ANNUAL SUPPORT, THRIVE COHORT PROFESSIONAL DEVELOPMENT, ANNUAL DESIGNATED DISTRIBUTION WITH PREFERENCE THAT IT BE USED FOR SPECIFIC AND SPECIAL PROGRAMS, AND NOT FOR ORDINARY OPERATING EXPENSES, GENERAL SUPPORT: 2023 CAMPAIGN DONATION

  • CEDAR RAPIDS MUSEUM OF ART

    $274,290

    ANNUAL DESIGNATED DISTRIBUTION, AGENCY DISTRIBUTION, FALL 2023 EXHIBITIONS AND EDUCATIONAL PROGRAMMING, CRMA GALA 2023 SUPPORTSHIP, 2023-2024 EXHIBITION AND EDUCATION SUPPORT, EVENT SUPPORT: CR MUSEUM OF ART 2023 GALA SILVER SUPPORT, GENERAL SUPPORT

  • CONNECTCR

    $247,417

    INTENT TO SUPPORT AWAKENING CONNECTIONS THE CAMPAIGN TO CONNECTCR, IPADDLE PORTABLE RENTAL STATION & DOCK, CAPITAL CAMPAIGN: AWAKENING CONNECTIONS, CONNECTCR AWAKENING CONNECTIONS CAMPAIGN, GENERAL SUPPORT, ANNUAL SUPPORT

  • STATE UNIVERSITY OF IA FOUNDATION AKA UNIVERSITY OF IOWA CENTER FOR ADVANCE

    $242,936

    OUR OWN WORDS: SMITH CENTER TEEN WRITERS' WORKSHOP, GENERAL SUPPORT: IOWA FOOTBALL FACILITY FUND, EVENT SUPPORT: GREG LAMB INTERNATIONAL BUS STUDIES FUND, EVENT SUPPORT: HEART FRIENDS GOLF OUTING, ANNUAL DESIGNATED DISTRIBUTION FOR THE UNIVERSITY OF IOWA COLLEGE OF LAW, ANNUAL DESIGNATED DISTRIBUTION FOR BRADLEY LECTURE SERIES AND UPKEEP OF THE HENDRICKS SUITE AT THE IOWA HOUSE, ANNUAL DESIGNATED DISTRIBUTION TO SUPPORT UI CHILDREN'S HOSPITAL FUND, ANNUAL DESIGNATED DISTRIBUTION, KINNICK EDGE GIFT, GENERAL SUPPORT - COMPUTER SCIENCE DEVELOPMENT FUND, GENERAL SUPPORT FOR DANCE MARATHON (TESS HAUG - OPS DIRECTOR), GENERAL SUPPORT: BELIN-BLANK CENTER FOR GIFTED AND TALENTED EDUC., OTHER: PLEASE DIRECT TO THE UI STEAD CHILDREN'S HOSPITAL

  • CORNELL COLLEGE

    $225,962

    GENERAL SUPPORT, GENERAL SUPPORT FOR BERRY CENTER, ANNUAL DESIGNATED DISTRIBUTION, ANNUAL DESIGNATED DISTRIBUTION SUPPORTING SCHOLARSHIP FOR FEMALE STUDENT INTERESTED IN PUBLIC SERVICE, GENERAL SUPPORT, GENERAL SUPPORT: FOR SUPPORT OF THE CORNELL FOOTBALL PROGRAM, GENERAL SUPPORT: SUPPORT OF THE CORNELL STUDENT SPIRITUAL PROGRAMS, CAPITAL CAMPAIGN

  • EAST CENTRAL IOWA COUNCIL OF GOVERNMENTS

    $217,155

    MICRO PROGRAM RELATED INVESTMENT (LOAN), MICRO PROGRAM, ANNUAL DESIGNATED DISTRIBUTION, DESIGNATED DISTRIBUTION FOR THE MICRO PROGRAM

  • ORCHESTRA IOWA

    $204,437

    GENERAL SUPPORT, ANNUAL DESIGNATED DISTRIBUTION, ANNUAL DESIGNATED DISTRIBUTION FOR THE SYMPHONY CENTER, ANNUAL DESIGNATED DISTRIBUTION FOR SYMPHONY SCHOOL SCHOLARSHIPS OR INSTRUMENT RENTAL FOR YOUNG PEOPLE WHO HAVE A DEMONSTRATED PASSION AND WOULD OTHERWISE BE UNABLE TO PARTICIPATE, ANNUAL DESIGNATED DISTRIBUTION FOR FIRST TRUMPET, ANNUAL DESIGNATED DISTRIBUTION FOR GENERAL OPERATIONS, ANNUAL DESIGNATED DISTRIBUTION FOR THE MAESTRO'S BATON ENDOWMENT, ANNUAL DESIGNATED DISTRIBUTION TO SUPPORT THE COSTS ASSOCIATED WITH EMPLOYING A TUBA CHAIR, AGENCY DISTRIBUTION, DESIGNATED DISTRIBUTION, ORCHESTRA IOWA'S 2022-2023 CENTENNIAL SEASON, TECHNOLOGY UPGRADES FOR FUNDRAISING & STEWARDSHIP, ANNUAL SUPPORT: OPUS CIRCLE, ORCHESTRA IOWA'S 2023-24 EDUCATION PROGRAMS, ORCHESTRA IOWA'S 2023-24 LINK UP PROGRAM

  • KIRKWOOD COMMUNITY COLLEGE FOUNDATION

    $184,410

    ANNUAL SUPPORT: STUDY ABROAD CULINARY SCHOLARSHIP, PROGRAM SUPPORT: RENEW SCHOLARSHIP, ANNUAL DESIGNATED DISTRIBUTION FOR SCHOLARSHIPS FOR STUDENTS IN CULINARY ARTS PROGRAM, ANNUAL DESIGNATED DISTRIBUTION TO "THE AREA OF GREATEST NEED FOR UNRESTRICTED SCHOLARSHIP SUPPORT AND/OR OTHER EMERGENCY FINANCIAL ASSISTANCE FOR KIRKWOOD STUDENTS", ANNUAL DESIGNATED DISTRIBUTION FOR JOSLIN SCHOLARSHIP, ANNUAL DESIGNATED DISTRIBUTION FOR THE GARY ROZEK ENDOWED GOLF SCHOLARSHIP, ANNUAL DESIGNATED DISTRIBUTION FOR SCHOLARSHIPS FOR STUDENTS ENROLLED IN FINANCIAL SERVICES OR AGRICULTURAL BUSINESS, ANNUAL DESIGNATED DISTRIBUTION FOR THE PAT & SANDY COBB ENDOWED SCHOLARSHIP, ANNUAL DESIGNATED DISTRIBUTION FOR SCHOLARSHIP ACTIVITIES, ANNUAL DESIGNATED DISTRIBUTION TO SUPPORT THE JERRY AND ANN PEARSON ENDOWED SCHOLARSHIP, ANNUAL DESIGNATED DISTRIBUTION FOR THE ANNA PURNA GHOSH ENDOWED SCHOLARSHIP, RECURRING CONTRIBUTION FOR GENERAL SUPPORT, ANNUAL DESIGNATED DISTRIBUTION TO SUPPORT ANNUAL SCHOLARSHIP FOR

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

Provenance

Return type
form_990
Tax year
2023
Filed
18 October 2024
IRS schema version
2023v5.1
Source object
202413209349310661

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

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