Cedar Rapids Community School District Foundation
- Assets
- $1.5m
- Revenue
- $520.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Cedar Rapids, IA
- Founding
- 06/1983
- Data as of
- 06/2022
- EIN
- 42-1197912
Organization Overview
Cedar Rapids Community School District Foundation is located in Cedar Rapids, IA. The organization was established in 1983. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedar Rapids Community School District Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Cedar Rapids Community School District Foundation generated $520.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $564.3k during the year ending 06/2022. While expenses have increased by 11.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
BUILDING FINANCIAL SUPPORT TO PROMOTE AND RECOGNIZE FINANCIAL EXCELLENCE IN CEDAR RAPIDS PUBLIC SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AND PROGRAM GRANTS NOT IN THE BUDGET OF THE CRCSD
IOWA BIG XQ GRANTS PROVIDE STRATEGIC CURRICULUM GROWTH FOR THE CRCSD PROJECT BASED LEARNING PROGRAM, IOWA BIG. THESE GRANTS PROVIDE FUNDING FOR INCREASED STAFF AND STAFF TRAINING.
STUDENT ENRICHMENT FUND GRANTS ARE PROVIDED IN THE FALL TO TEACHERS WHO APPLY FOR CLASSROOM BASED FUNDING. GRANTS OF UP TO 250 ARE PROVIDED FOR ITEMS LIKE LIBRARY BOOKS, CALCULATORS, SMART BOARDS, AND ACTIVITY BOXES.
SCHOOL PROJECT GRANTS ARE PROVIDED TO SCHOOLS FOR LARGE CAPITAL PROJECTS THAT ARE NOT IN THE CRCSD BUDGET.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Swanson Executive Di | OfficerTrustee | 35 | $45,301 |
Armond Dawson Trustee | Trustee | 1 | $0 |
Jodi Booth Trustee | Trustee | 1 | $0 |
Christopher Tyler Chairman | Trustee | 5 | $0 |
Lori Weih Trustee | Trustee | 1 | $0 |
Laurel Day District Lia | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $567,274 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $567,274 |
| Total Program Service Revenue | $0 |
| Investment income | -$69,222 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $11,449 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $520,676 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $464,801 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $56,544 |
| Compensation of current officers, directors, key employees. | $28,272 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,395 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,561 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $749 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $690 |
| All other expenses | $500 |
| Total functional expenses | $564,277 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $216,726 |
| Savings and temporary cash investments | $209,048 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,070,627 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,496,401 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,496,401 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,496,401 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Cedar Rapids Community School District Foundation has recieved totaling $5,500.
| Awarding Organization | Amount |
|---|---|
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
The Accel Foundation Waverly, IA PURPOSE: GENERAL SUPPORT DONATION | $500 |
Endowment Analysis
| Beg. Balance | $655,714 |
| Earnings | -$11,584 |
| Admin Expense | $3,925 |
| Other Expense | $2,000 |
| Ending Balance | $638,205 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robert B Daugherty Foundation Omaha, NE | $895,599,209 | $80,372,150 |
Big Shoulders Fund Chicago, IL | $125,993,936 | $62,883,883 |
Voluntary Interdistrict Choice Corporation Saint Louis, MO | $12,736,595 | $40,180,054 |
Wonderful Foundations Minneapolis, MN | $335,018,950 | $18,325,687 |
Foundation For Educational Services Inc Lincoln, NE | $9,496,243 | $19,971,650 |
Northern School District Tr Nsdt Ashland, WI | $7,100,055 | $19,700,380 |
Plumbers & Steamfitters H & W Trust Iowa State Bank Ttee Des Moines, IA | $75,894,378 | $21,812,028 |
Cristo Rey Network Chicago, IL | $14,102,009 | $11,695,592 |
City Colleges Of Chicago Foundation Chicago, IL | $22,678,364 | $14,327,610 |
Big Ten Academic Alliance Champaign, IL | $13,766,841 | $9,203,675 |
P E O Foundation Des Moines, IA | $140,487,423 | $16,863,604 |
Kidsmart Saint Louis, MO | $4,061,844 | $8,307,759 |