Community Foundation Of Greater Muscatine
- Assets
- $58.4m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 15
- Location
- Muscatine, IA
- Founding
- 05/2000
- Data as of
- 12/2022
- EIN
- 42-1495980
Organization Overview
Community Foundation Of Greater Muscatine is located in Muscatine, IA. The organization was established in 2000. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Community Foundation Of Greater Muscatine employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Greater Muscatine 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 12/2022, Community Foundation Of Greater Muscatine generated $5.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $4.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Community Foundation Of Greater Muscatine has awarded 195 individual grants totaling $11,749,250. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE COMMUNITY FOUNDATION OF GREATER MUSCATINE'S MISSION IS TO ACTIVELY WORK TO IMPROVE THE QUALITY OF LIFE IN MUSCATINE COUNTY THROUGH PHILANTHROPY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND DONATIONS MADE TO CHARITABLE ORGANIZATIONS WITHIN THE GREATER MUSCATINE AREA WHICH PROMOTES THE EXEMPT PURPOSE OF THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charla Schafer President | Officer | 40 | $95,000 |
Brandon Bullock Board Member | Trustee | 1 | $0 |
Naomi Dewinter Board Member | Trustee | 1 | $0 |
Rich Dwyer Chairman | OfficerTrustee | 1 | $0 |
Angela Johnson Board Member | Trustee | 1 | $0 |
Cindy Mays Vice Chairma | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $353,993 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,857,889 |
| Noncash contributions included in lines 1a–1f | $79,562 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,211,882 |
| Total Program Service Revenue | $0 |
| Investment income | $1,595,635 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $189,000 |
| Net Gain/Loss on Asset Sales | -$19,526 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,985,991 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,066,951 |
| Grants and other assistance to domestic individuals. | $452,578 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $95,000 |
| Compensation of current officers, directors, key employees. | $95,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $437,675 |
| Pension plan accruals and contributions | $61,271 |
| Other employee benefits | $89,346 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,345 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $33,785 |
| Office expenses | $57,600 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,772 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,295 |
| Insurance | $7,869 |
| All other expenses | $0 |
| Total functional expenses | $4,402,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $32,973,360 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,856 |
| 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 | $533,374 |
| Investments—publicly traded securities | $20,418,312 |
| Investments—other securities | $0 |
| Investments—program-related | $4,412,010 |
| Intangible assets | $0 |
| Other assets | $21,482 |
| Total assets | $58,388,394 |
| Accounts payable and accrued expenses | $92,691 |
| 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 | $92,691 |
| Net assets without donor restrictions | $7,443,201 |
| Net assets with donor restrictions | $50,852,502 |
| 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 | $58,388,394 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Greater Muscatine has awarded $767,190 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
CEDAR RIVER HAVEN | | | $20,000 |
ALIGNED IMPACT MUSCATINE COUNTY | | | $21,850 |
CITY OF GRANDVIEW | | | $5,603 |
CITY OF WAPELLO | | | $8,500 |
CROSSROADS INC | | | $26,290 |
DIVERSITY SERVICE CENTER OF IOWA | | | $11,000 |