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Greater Cedar Rapids Community Foundation
Greater Cedar Rapids Community Foundation reported $20.2 million in revenue and $13.8 million in expenses for calendar year 2024. Of every $100 it spent, $84.47 went to program services, $8.45 to management and general costs and $7.08 to fundraising. Its largest source of revenue was investment income: 55.1% of the total. The highest compensation it reported for one person was $231,431 (PRESIDENT & CEO). 4 people received more than $100,000 in reportable compensation. Revenue rose 12% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $14MFor context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $20MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 84.5% | 90.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 8.4% | 6.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 7.1% | 1.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.11 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 44.6% | 79.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | $231,431 | $325,675 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.68% | 1.56% |
| People paid over $100,000 Part VII, line 2 | 4 | 3 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 162.0 | 56.6 |
| Independent voting board members Part VI 1a–1b | 19 of 19 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseCommunity 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
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
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
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT & CEO Officer, 40.00 hrs/week | $194,446 | $0 | $36,985 | $231,431 |
| CFO Officer, 32.00 hrs/week | $117,291 | $0 | $24,603 | $141,894 |
| VP OF COMMUNICATIONS Highest compensated employee, 40.00 hrs/week | $113,756 | $0 | $23,244 | $137,000 |
| VP OF COMMUNITY IMPACT Highest compensated employee, 40.00 hrs/week | $116,974 | $0 | $18,839 | $135,813 |
4 people received more than $100,000 in reportable compensation from Greater Cedar Rapids Community Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $373K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b19 · 19 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 523
- Volunteers Part I, line 6193
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses onlyIndividuals listed as contractors are left out. 2 contractors were paid more than $100,000 in all.
Private foundation grants it received
8 private foundations reported grants to Greater Cedar Rapids Community Foundation totaling $903K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Greater Cedar Rapids Community Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Greater Cedar Rapids Community Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Greater Cedar Rapids Community Foundation spent in 2024, $84.47 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Greater Cedar Rapids Community Foundation's spending goes to programs?
In calendar year 2024, Greater Cedar Rapids Community Foundation reported that 84.5% of its $13.8 million in expenses went to program services, 8.4% to management and general and 7.1% to fundraising (Form 990, Part IX).
How much does Greater Cedar Rapids Community Foundation pay its top executive?
The largest total compensation Greater Cedar Rapids Community Foundation reported for one person in calendar year 2024 was $231,431, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Greater Cedar Rapids Community Foundation get its money?
Of $20.2 million in revenue in calendar year 2024, 44.6% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Greater Cedar Rapids Community Foundation a registered charity?
The IRS lists EIN 42-6053860 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202543169349304519 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202413209349310661 · read the filing
- 2022: Form 990 for calendar year 2022, object 202313109349302956 · read the filing
- 2021: Form 990 for calendar year 2021, object 202213199349330691 · read the filing
- 2020: Form 990 for calendar year 2020, object 202123199349324712 · read the filing
- 2019: Form 990 for calendar year 2019, object 202033219349309098 · read the filing
All filings for EIN 42-6053860: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.