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Nonprofit · EIN 42-6053860

GREATER CEDAR RAPIDS COMMUNITY FOUNDATION

Tax-exempt · CEDAR RAPIDS, IA 52401

Financials

$15.3M$13.1M2023$20.2M$13.8M2024
Revenue Expenses · by fiscal year end
Financials of GREATER CEDAR RAPIDS COMMUNITY FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$20,178,901$13,759,796$6,419,105$229,293,739$43,480,603$185,813,136
December 31, 2023990$15,302,878$13,079,026$2,223,852$212,302,246$39,907,252$172,394,994
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$8,998,413
Program service revenue
$0
Investment income
$11,125,862
Net rental income
$26,725
Net gain from sales of assets
$4,906,727
Other revenue
$54,626

Expenses

Grants and similar amounts paid
$10,222,829
Compensation of officers, directors and key employees
$373,324
Other salaries and wages
$1,380,168
Salaries, compensation and benefits (total)
$2,212,689
Professional fundraising fees
$0
Legal fees
$25,007
Accounting fees
$71,921
Occupancy
$104,245
Travel
$17,963
Depreciation
$73,908
Program services (functional)
$11,622,433
Management and general (functional)
$1,162,667
Fundraising (functional)
$974,696

Balance sheet and other

Total assets, start of year
$212,302,246
Total assets, end of year
$229,293,739
Total liabilities, end of year
$43,480,603
Net assets, end of year
$185,813,136
Land, buildings and equipment
$1,352,325
Publicly traded securities
$140,000,866
Net assets without donor restrictions
$181,713,162
Net assets with donor restrictions
$4,099,974
Gross receipts
$25,623,954
Employees
23
Volunteers
193
Year formed
1987
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, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
KARLA TWEDT-BALLPRESIDENT & CEO
Officer
40$194,446$36,985
JEAN BRENNEMANCFO
Officer
32$117,291$24,603
CORINNE RAHEVP OF COMMUNICATIONS
Highest-paid employee
40$113,756$23,244
JOE HEITZVP OF COMMUNITY IMPACT
Highest-paid employee
40$116,974$18,839
JON LANDONCHAIR
Trustee or director, Officer
2$0$0
JIM HADDADCHAIR-ELECT (UNTIL 8/1/24)
Trustee or director, Officer
2$0$0
MICHELLE NIERMANNCHAIR ELECT
Trustee or director, Officer
2$0$0
DAVID LITTLETREASURER
Trustee or director, Officer
2$0$0
ANTHONY ARRINGTONSECRETARY
Trustee or director, Officer
2$0$0
JILL ACKERMANDIRECTOR
Trustee or director
1$0$0
RAY BROWNDIRECTOR (UNTIL 10/7/24)
Trustee or director
1$0$0
PATRICE CARROLLDIRECTOR
Trustee or director
1$0$0
CHRIS CASEYDIRECTOR
Trustee or director
3$0$0
NANCY HILLDIRECTOR
Trustee or director
1$0$0
MARY JUNGEDIRECTOR
Trustee or director
1$0$0
10 more people on this return
NameTitleHours / weekCompensation
JANICE KERKOVEDIRECTOR
Trustee or director
1$0
DIANA LEDFORDPAST CHAIR
Trustee or director
2$0
JOE LOCKDIRECTOR
Trustee or director
1$0
BRANDI MUELLERDIRECTOR
Trustee or director
1$0
TRACEY MYERSDIRECTOR
Trustee or director
1$0
DAVE PARMLEYDIRECTOR
Trustee or director
1$0
OKPARA RICEDIRECTOR
Trustee or director
1$0
CRAIG SMITHDIRECTOR
Trustee or director
1$0
HAYWOOD STOWEDIRECTOR
Trustee or director
1$0
MATTHEW VAN MAANENDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 25 people
NameTitleHours / weekCompensationOther / benefits
KARLA TWEDT-BALLPRESIDENT & CEO (PART-YEAR)
Officer
40$166,386$34,445
MICHELLE BEISKERVP OF DEVELOPMENT
Highest-paid employee
40$142,380$35,533
LESLIE H GARNER JRPRESIDENT & CEO (UNTIL 6/30)
Officer
40$129,310$20,301
JEAN BRENNEMANCFO
Officer
32$116,706$23,493
CORINNE RAMLERVP OF COMMUNICATIONS
Highest-paid employee
40$107,669$22,343
MIKE SHEELEYTREASURER
Trustee or director, Officer
2$0$0
JON LANDONSECRETARY
Trustee or director, Officer
2$0$0
DIANA LEDFORDCHAIR
Trustee or director, Officer
2$0$0
JIM HADDADCHAIR-ELECT
Trustee or director, Officer
2$0$0
JASMINE ALMOAYYEDDIRECTOR
Trustee or director
2$0$0
MOLLY ALTORFERDIRECTOR
Trustee or director
2$0$0
ANTHONY ARRINGTONDIRECTOR
Trustee or director
2$0$0
PATRICE CARROLLDIRECTOR
Trustee or director
2$0$0
CHRIS CASEYDIRECTOR
Trustee or director
2$0$0
NANCY HILL-DAVISDIRECTOR
Trustee or director
2$0$0
MARY JUNGEDIRECTOR
Trustee or director
2$0$0
JANICE KERKOVEDIRECTOR
Trustee or director
2$0$0
DAVID LITTLEDIRECTOR
Trustee or director
2$0$0
JOE LOCKDIRECTOR
Trustee or director
2$0$0
BRANDI MUELLERDIRECTOR
Trustee or director
2$0$0
TRACEY MYERSDIRECTOR
Trustee or director
2$0$0
MICHELLE NIERMANNDIRECTOR
Trustee or director
2$0$0
DAVE PARMLEYDIRECTOR
Trustee or director
2$0$0
OKPARA RICEPAST CHAIR
Trustee or director
2$0$0
HAYWOOD STOWEDIRECTOR
Trustee or director
2$0$0

Address and contacts

Address (IRS master file)
324 3RD STREET SE, CEDAR RAPIDS, IA 52401-1841
Principal officer (990 for 2024)
KARLA TWEDT-BALL, 324 3RD ST SE, CEDAR RAPIDS, IA 524011841
Signed the 990
PAULA LANGE, CFO
Phone
(319) 366-2862
Return prepared by
RSM US LLP

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.

990 for the year ended December 31, 2024

Program accomplishments

  • 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

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
42-6053860
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
1952
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$229,293,739
Income (IRS master file)
$25,623,954

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$20,178,901$13,759,796$229,293,739IRS
990-TDecember 2024–––IRS
990December 2023$15,302,878$13,079,026$212,302,246XML
990-TDecember 2023–––IRS
990December 2022$13,077,105$12,841,062$190,014,997IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990-TDecember 2021–––IRS
990December 2020–––IRS
990-TDecember 2020–––IRS
990December 2018–––IRS
990December 2017–––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 42-6053860).

Questions about GREATER CEDAR RAPIDS COMMUNITY FOUNDATION

What is the EIN of GREATER CEDAR RAPIDS COMMUNITY FOUNDATION?
The employer identification number (EIN) of GREATER CEDAR RAPIDS COMMUNITY FOUNDATION is 42-6053860.
Is GREATER CEDAR RAPIDS COMMUNITY FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1952.
Are donations to GREATER CEDAR RAPIDS COMMUNITY FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GREATER CEDAR RAPIDS COMMUNITY 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 GREATER CEDAR RAPIDS COMMUNITY FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GREATER CEDAR RAPIDS COMMUNITY FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of GREATER CEDAR RAPIDS COMMUNITY FOUNDATION?
The 990 for the year ended December 31, 2024 names KARLA TWEDT-BALL.
Who are the officers and directors of GREATER CEDAR RAPIDS COMMUNITY FOUNDATION?
The 990 for the year ended December 31, 2024 lists 25 people; 4 received compensation from the organization, the highest $194,446 (KARLA TWEDT-BALL, PRESIDENT & CEO).
How much revenue does GREATER CEDAR RAPIDS COMMUNITY FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $20,178,901, expenses of $13,759,796 and total assets of $229,293,739 at year end.

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