Nonprofit · EIN 42-1506142
KERNELS FOUNDATION
Tax-exempt · CEDAR RAPIDS, IA 52406
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| October 31, 2025 | 990 | $51,037 | $66,977 | -$15,940 | $134,962 | $90,000 | $44,962 |
| October 31, 2024 | 990 | $64,670 | $54,501 | $10,169 | $150,902 | $90,000 | $60,902 |
| October 31, 2023 | 990 | $62,402 | $48,795 | $13,607 | $140,733 | $90,000 | $50,733 |
Financial details: 990 for the year ended October 31, 2025
Revenue
- Contributions, gifts and grants
- $2,710
- Program service revenue
- $12,000
- Investment income
- $1,070
- Net income from gaming
- $35,257
- Other revenue
- $35,257
Expenses
- Grants and similar amounts paid
- $59,193
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,527
- Program services (functional)
- $59,693
- Management and general (functional)
- $7,284
Balance sheet and other
- Total assets, start of year
- $150,902
- Total assets, end of year
- $134,962
- Total liabilities, end of year
- $90,000
- Net assets, end of year
- $44,962
- Gross receipts
- $55,933
- Employees
- 0
- Volunteers
- 10
- Year formed
- 2000
- 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 October 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JORETTA BARBEE | TREASURER Trustee or director, Officer | 1 | $0 |
| ARON BRECHT | DIRECTOR Trustee or director | 1 | $0 |
| JOHN BREITBACH | SECRETARY Trustee or director, Officer | 1 | $0 |
| TOM CHALSTROM | DIRECTOR Trustee or director | 1 | $0 |
| RYNE GEORGE | DRIECTOR Trustee or director | 1 | $0 |
| GAYLA HUSTON | DIRECTOR Trustee or director | 1 | $0 |
| TOM KELLY | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| DANA NICHOLS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| BRAD SIMANEK | DIRECTOR Trustee or director | 1 | $0 |
| STEVE SMITH | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended October 31, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVE SMITH | DIRECTOR Trustee or director | 1 | $0 |
| JORETTA BARBEE | TREASURER Trustee or director, Officer | 1 | $0 |
| GAYLA HUSTON | DIRECTOR Trustee or director | 1 | $0 |
| JOHN BREITBACH | SECRETARY Trustee or director, Officer | 1 | $0 |
| DANA NICHOLS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| TOM KELLY | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| TOM CHALSTROM | DIRECTOR Trustee or director | 1 | $0 |
| RYAN GEORGE | DIRECTOR Trustee or director | 1 | $0 |
| ARON BRECHT | DIRECTOR Trustee or director | 1 | $0 |
| BRAD SIMANEK | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended October 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVE SMITH | DIRECTOR Trustee or director | 1 | $0 |
| JORETTA BARBEE | TREASURER Trustee or director, Officer | 1 | $0 |
| GAYLA HUSTON | DIRECTOR Trustee or director | 1 | $0 |
| JOHN BREITBACH | SECRETARY Trustee or director, Officer | 1 | $0 |
| DANA NICHOLS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| TOM KELLY | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| TOM CHALSTROM | DIRECTOR Trustee or director | 1 | $0 |
| RYNE GEORGE | DIRECTOR Trustee or director | 1 | $0 |
| ARON BRECHT | DIRECTOR Trustee or director | 1 | $0 |
| BRAD SIMANEK | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2001, CEDAR RAPIDS, IA 52406-2001
- In care of
- % GREGORY J SEYFER
- Principal officer (990 for 2024)
- JORETTA BARBEE, 1968 HIGHVIEW RD, CORALVILLE, IA 52241
- Signed the 990
- DANA NICHOLS, PRESIDENT
- Phone
- (319) 363-3887
- Return prepared by
- FORGE FINANCIAL & MANAGEMENT CONSULTING
Mission
TO CREATE RECREATIONAL FACILITIES AND PROGRAMS FOR THE CITIZENS OF CEDAR RAPIDS AND THE SURROUNDING AREAS.
Program accomplishments
- SOLICITATION AND COLLECTION OF COMMUNITY CONTRIBUTIONS PROVIDED TO THE CITY OF CEDAR RAPIDS AND QUALIFIED CHARITABLE ORGANIZATIONS OF LINN COUNTY, IA FOR THEIR USE IN CREATING RECREATIONAL FACILITIES AND PROGRAMS.Expenses $59,693 · grants $59,193 · revenue $12,000
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 October, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2024 | October 31, 2025 | March 16, 2026 | 990 on file |
| 2023 | October 31, 2024 | March 17, 2025 | 990 on file |
| 2022 | October 31, 2023 | March 15, 2024 | 990 on file |
IRS record
- EIN
- 42-1506142
- 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
- 2000
- Accounting year ends
- October
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T12)
- Assets (IRS master file)
- $134,962
- Income (IRS master file)
- $55,933
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | October 2025 | $51,037 | $66,977 | $134,962 | XML |
| 990 | October 2024 | $64,670 | $54,501 | $150,902 | XML |
| 990 | October 2023 | $62,402 | $48,795 | $140,733 | XML |
| 990 | October 2022 | $97,126 | $36,906 | $127,126 | IRS |
| 990 | October 2021 | – | – | – | IRS |
| 990 | October 2020 | – | – | – | IRS |
| 990 | October 2019 | – | – | – | IRS |
| 990 | October 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 42-1506142).
Questions about KERNELS FOUNDATION
- What is the EIN of KERNELS FOUNDATION?
- The employer identification number (EIN) of KERNELS FOUNDATION is 42-1506142.
- Is KERNELS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to KERNELS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KERNELS FOUNDATION 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 KERNELS FOUNDATION due?
- The return for tax year 2025 (the year ending October 31, 2026) is due March 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KERNELS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended October 2025.
- Who is the principal officer of KERNELS FOUNDATION?
- The 990 for the year ended October 31, 2025 names JORETTA BARBEE.
- Who are the officers and directors of KERNELS FOUNDATION?
- The 990 for the year ended October 31, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does KERNELS FOUNDATION have?
- On its 990 for the year ended October 31, 2025 it reported revenue of $51,037, expenses of $66,977 and total assets of $134,962 at year end.
Other nonprofits in CEDAR RAPIDS
- GREATER CEDAR RAPIDS COMMUNITY FOUNDATION EIN 42-6053860 · last filed 990 for 2024
- THE WALLACE RESEARCH FOUNDATION EIN 42-6540579 · last filed 990-PF for 2025
- DEWOLF FAMILY FOUNDATION EIN 92-1952229 · last filed 990-PF for 2025
- UNITED WAY OF EAST CENTRAL IOWA EIN 42-0861239 · last filed 990 for 2025
- LISA AND MIKE MCGRATH FAMILY FOUNDATION EIN 33-2373460 · last filed 990-PF for 2025
- THE NEW BOHEMIAN INNOVATION COLLABORATIVE INC EIN 46-4387860 · last filed 990 for 2025
- ZACH JOHNSON FOUNDATION EIN 27-2683100 · last filed 990 for 2025
- CARLEEN AND EUGENE GRANDON CHARITABLE FOUNDATION EIN 20-1134857 · last filed 990-PF for 2025
All nonprofits in CEDAR RAPIDS · Iowa · Philanthropy, voluntarism and grantmaking foundations