Nonprofit · EIN 42-1088936
CEDAR FALLS COMMUNITY FOUNDATION INC
Tax-exempt · CEDAR FALLS, IA 50613
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,054,471 | $589,156 | $465,315 | $10,168,595 | $1,110,170 | $9,058,425 |
| December 31, 2024 | 990 | $1,135,167 | $693,150 | $442,017 | $9,167,705 | $1,155,217 | $8,012,488 |
| December 31, 2023 | 990 (amended) | $685,430 | $638,537 | $46,893 | $8,556,656 | $1,104,664 | $7,451,992 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $411,715
- Program service revenue
- $102,426
- Investment income
- $540,330
- Net gain from sales of assets
- $280,213
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $330,702
- Compensation of officers, directors and key employees
- $53,147
- Other salaries and wages
- $2,464
- Salaries, compensation and benefits (total)
- $60,329
- Professional fundraising fees
- $0
- Accounting fees
- $12,650
- Program services (functional)
- $366,971
- Management and general (functional)
- $197,967
- Fundraising (functional)
- $24,218
Balance sheet and other
- Total assets, start of year
- $9,167,705
- Total assets, end of year
- $10,168,595
- Total liabilities, end of year
- $1,110,170
- Net assets, end of year
- $9,058,425
- Publicly traded securities
- $9,443,501
- Net assets without donor restrictions
- $1,988,624
- Net assets with donor restrictions
- $7,069,801
- Gross receipts
- $2,204,765
- Employees
- 3
- Volunteers
- 25
- Year formed
- 1977
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SALLY TIMMER | EXECUTIVE DIRECTOR Officer | 25 | $51,600 | $1,548 |
| JOHN LEHMAN | PRESIDENT Trustee or director, Officer | 6 | $0 | $0 |
| SUSAN CARD | VICE PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| TOM PAULSEN | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| JANELLE DARST | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN SANDERMAN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JENNIFER RODENBECK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RUSS CURTIS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LYNN SMITH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BILL CALHOUN | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| DEE VANDEVENTER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| FRANK ESSER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANN LYONS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KIM BEAR | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| PAUL KOCKLER | DIRECTOR Trustee or director | 0.75 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KIM MANNING | DIRECTOR Trustee or director | 3 | $0 |
| LORELEI REDFERN | DIRECTOR Trustee or director | 1.5 | $0 |
| KELSEY KORZENOWSKI | DIRECTOR Trustee or director | 1 | $0 |
| CHAD ABBAS | DIRECTOR Trustee or director | 1 | $0 |
| MAUREEN HENDERSON | SECRETARY (END OCT 2025) Trustee or director | 0.5 | $0 |
| STACY ROBINSON | DIRECTOR (END DEC 2025) Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2024: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SALLY TIMMER | EXECUTIVE DIRECTOR Officer | 25 | $49,300 | $1,479 |
| JOHN LEHMAN | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| SUSAN CARD | VICE PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| TOM PAULSEN | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| MAUREEN HENDERSON | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| JANELLE DARST | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN SANDERMAN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| SHIRLEY MERNER | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| JENNIFER RODENBECK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RUSS CURTIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LYNN SMITH | DIRECTOR Trustee or director | 3 | $0 | $0 |
| ANGI FARLEY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BILL CALHOUN | DIRECTOR Trustee or director | 3 | $0 | $0 |
| DEE VANDEVENTER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| FRANK ESSER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANN LYONS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KIM BEAR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PAUL KOCKLER | DIRECTOR (BEG 4/2024) Trustee or director | 0.5 | $0 | $0 |
| KIM MANNING | DIRECTOR (BEG 4/2024) Trustee or director | 2 | $0 | $0 |
| LORELEI REDFERN | DIRECTOR (BEG 4/2024) Trustee or director | 1.5 | $0 | $0 |
| KELSEY UMTHUN | DIRECTOR (BEG 4/2024) Trustee or director | 0.5 | $0 | $0 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SALLY TIMMER | EXECUTIVE DIRECTOR Officer | 25 | $47,000 | $1,410 |
| JOHN LEHMAN | PRESIDENT Trustee or director, Officer | 10 | $0 | $0 |
| SUSAN CARD | VICE PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| TOM PAULSEN | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| MAUREEN HENDERSON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JANELLE DARST | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BRIAN SANDERMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHIRLEY MERNER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JENNIFER RODENBECK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RUSS CURTIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LYNN SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANGI FARLEY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BILL CALHOUN | DIRECTOR Trustee or director | 5 | $0 | $0 |
| DEE VANDEVENTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FRANK ESSER | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| ANN LYONS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KIM BEAR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RON GAINES | FORMER DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MIKE SULENTIC | FORMER DIRECTOR Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 515 MAIN ST STE F, CEDAR FALLS, IA 50613-2868
- Principal officer (990 for 2025)
- SALLY TIMMER, PO BOX 546, CEDAR FALLS, IA 50613
- Signed the 990
- SALLY TIMMER, EXECUTIVE DIRECTOR
- Phone
- (319) 268-5102
- Return prepared by
- CREATIVE PLANNING TAX LLC
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.
Program accomplishments
- 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 18 ORGANIZATIONS DURING 2025.Expenses $366,971 · grants $330,702 · revenue $102,426
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 42-1088936
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1978
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T31Z)
- Assets (IRS master file)
- $10,168,595
- Income (IRS master file)
- $2,204,765
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,054,471 | $589,156 | $10,168,595 | IRS |
| 990 | December 2024 | $1,135,167 | $693,150 | $9,167,705 | IRS |
| 990 | December 2023 | $685,430 | $638,537 | $8,556,656 | XML |
| 990 | December 2022 | $602,155 | $591,339 | $7,416,432 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-1088936).
Questions about CEDAR FALLS COMMUNITY FOUNDATION INC
- What is the EIN of CEDAR FALLS COMMUNITY FOUNDATION INC?
- The employer identification number (EIN) of CEDAR FALLS COMMUNITY FOUNDATION INC is 42-1088936.
- Is CEDAR FALLS COMMUNITY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1978.
- Are donations to CEDAR FALLS COMMUNITY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CEDAR FALLS COMMUNITY FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CEDAR FALLS COMMUNITY FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CEDAR FALLS COMMUNITY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CEDAR FALLS COMMUNITY FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names SALLY TIMMER.
- Who are the officers and directors of CEDAR FALLS COMMUNITY FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 21 people; 1 received compensation from the organization, the highest $51,600 (SALLY TIMMER, EXECUTIVE DIRECTOR).
- How much revenue does CEDAR FALLS COMMUNITY FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,054,471, expenses of $589,156 and total assets of $10,168,595 at year end.
Other nonprofits in CEDAR FALLS
- COMMUNITY FOUNDATION OF NORTHEAST IOWA EIN 42-6060414 · last filed 990 for 2025
- MICHAEL L PETERSON FOUNDATION EIN 88-2856860 · last filed 990-PF for 2025
- JAMES L NIEMANN FAMILY FOUNDATION EIN 84-4033945 · last filed 990-PF for 2025
- MAX AND HELEN GUERNSEY CHARITABLE FOUNDATION EIN 42-1460664 · last filed 990-PF for 2025
- DONNA THOMPSON PLAYGROUND SAFETY CHARITABLE TRUST EIN 99-3493873 · last filed 990-PF for 2025
- J MARK GROSVENOR FOUNDATION EIN 26-0741701 · last filed 990-PF for 2024
- VOORHEES FAMILY FOUNDATION EIN 42-1494424 · last filed 990-PF for 2026
- AARON J SCHURMAN CHARITABLE FOUNDATION EIN 81-0961651 · last filed 990-PF for 2025
All nonprofits in CEDAR FALLS · Iowa · Philanthropy, voluntarism and grantmaking foundations