Waterloo Community Schools Foundation

Organization Overview

Waterloo Community Schools Foundation is located in Waterloo, IA. The organization was established in 2019. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2022, Waterloo Community Schools Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waterloo Community Schools 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, Waterloo Community Schools Foundation generated $482.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $503.4k during the year ending 06/2022. While expenses have increased by 15.6% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SERVING AS A CATALYST FOR EDUCATIONAL EXCELLENCE AND PRIDE IN THE WATERLOO SCHOOL DISTRICT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE WATERLOO COMMUNITY SCHOOLS FOUNDATION RAISES FUNDS WHICH ARE USED TO ENCOURAGE AND PROMOTE THE IMPROVEMENT OF THE QUALITY OF EDUCATION WITHIN THE WATERLOO COMMUNITY SCHOOL DISTRICT. THE WATERLOO COMMUNITY SCHOOLS FOUNDATION PROVIDES (1) A MECHANISM FOR CONTRIBUTIONS TO BE ALLOCATED TO WORTHWHILE CHARITABLE AND EDUCATIONAL PROGRAMS AND FACILITIES; (2) A VEHICLE FOR SOLICITATION, ACCUMULATION, INVESTMENT, OTHER MANAGEMENT, AND DISTRIBUTION OF SUCH RESOURCES FOR IDENTIFIED NEEDS AND PURPOSES; AND (3) AN INCREASE IN COMMUNITY INVOLVEMENT WITH AND SUPPORT FOR THE WATERLOO COMMUNITY SCHOOL DISTRICT BY ENGOURAGING OPEN COMMUNICATION BETWEEN THE COMMUNITY AND THE DISTRICT ON MATTERS OF MUTUAL CONCERN, AND BY INCREASING COMMUNITY CONFIDENCE IN THE WATERLOO COMMUNITY SCHOOL DISTRICT. GRANTS WERE PAID TO THE WATERLOO COMMUNITY SCHOOL DISTRICT AND 62 STUDENTS AS WELL AS TO THE UNIVERSITY OF NORTHERN IOWA FOUNDATION FOR THE TEACH WATERLOO PROGRAM THAT SUPPORTS WATERLOO STAFF OF COLOR SEEKING A TEACHING CERTIFICATION.


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Board, Officers & Key Employees

Name (title)Compensation
Hannah Luce
Executive Director
$36,825
Kalola Roby
President
$0
Kristin Stanford
Past President
$0
Jay Koweil
Secretary
$0
Kate Reicherts
Vice President
$0
Ann Richter
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$11,302
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$437,468
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$448,770
Total Program Service Revenue$0
Investment income $29,066
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $8,072
Net Income from Fundraising Events -$3,421
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $482,487

Grants Awarded

Over the last fiscal year, Waterloo Community Schools Foundation has awarded $381,006 in support to 2 organizations.

Grant RecipientAmount

UNIVERSITY OF NORTHERN IOWA FOUNDATION

Org PageRecipient Profile

Cedar Falls, IA

PURPOSE: SUPPORT FOR TEACH WATERLOO PROGRAM

$300,000

WATERLOO COMMUNITY SCHOOL DISTRICT

Org PageRecipient Profile

Waterloo, IA

PURPOSE: PURCHASE OF EDUCATIONAL EQUIPMENT AND STUDENT PROGRAM SUPPORT.

$81,006
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 9 grants that Waterloo Community Schools Foundation has recieved totaling $303,876.

Awarding OrganizationAmount
Harold W Siebens Charitable

New York, NY

PURPOSE: FULL-TIME EXECUTIVE DIRECTOR

$91,620
Waterloo Community Schools Foundation

Waterloo, IA

PURPOSE: PURCHASE OF EDUCATIONAL EQUIPMENT AND STUDENT PROGRAM SUPPORT.

$81,006
Young Family Foundation Of Waterloo Iowa

Waterloo, IA

PURPOSE: YOUTH PROGRAMS

$51,500
Cedar Valley United Way

Waterloo, IA

PURPOSE: GRANT FOR SPECIFIC PROGRAM SUPPORT.

$28,473
Max And Helen Guernsey Charitable Foundation

Waterloo, IA

PURPOSE: CAMP INVENTION PROGRAM

$18,000
Cedar Falls Community Foundation Inc

Cedar Falls, IA

PURPOSE: SCHOLARSHIPS

$13,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$159,470
Earnings-$849
Other Expense$25
Ending Balance$158,596

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