Northcrest Foundation Inc
- Assets
- $4.6m
- Revenue
- $380.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Ames, IA
- Founding
- 03/2001
- Data as of
- 12/2021
- EIN
- 42-1511969
Organization Overview
Northcrest Foundation Inc is located in Ames, IA. The organization was established in 2001. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northcrest Foundation Inc 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 12/2021, Northcrest Foundation Inc generated $380.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $149.9k during the year ending 12/2021. While expenses have increased by 0.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SOLICIT AND DISTRIBUTE FUNDS FOR THE GENERAL WELFARE, MAINTENANCE, AND IMPROVEMENT OF NORTHCREST, INC
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTIONS TO NORTHCREST,INC FOR GENERAL WELFARE, MAINTENANCE, AND IMPROVEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Facio President | OfficerTrustee | 4 | $0 |
Mary Ellen Carano Vice President | OfficerTrustee | 4 | $0 |
Kris Evans Secretary/treas | OfficerTrustee | 4 | $0 |
Heidi Palmer CFO | Officer | 10 | $0 |
Dawn Borwig CEO | Officer | 10 | $0 |
David Carlyle Director | Trustee | 2 | $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 | $88,178 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,178 |
| Total Program Service Revenue | $0 |
| Investment income | $145,201 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $146,859 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $380,238 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,441 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,000 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,332 |
| All other expenses | $0 |
| Total functional expenses | $149,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $333,902 |
| 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 | $4,306,360 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,640,262 |
| Accounts payable and accrued expenses | $2,100 |
| 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 | $2,100 |
| Net assets without donor restrictions | $4,619,989 |
| Net assets with donor restrictions | $18,173 |
| 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 | $4,640,262 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Northcrest Foundation Inc has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Alliant Energy Foundation Inc Madison, WI PURPOSE: MATCHING GIFTS | $3,000 |
Endowment Analysis
| Beg. Balance | $2,315,637 |
| Earnings | $232,355 |
| Admin Expense | $10,031 |
| Net Contributions | $43,630 |
| Other Expense | $101,359 |
| Ending Balance | $2,480,232 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mammel Family Foundation Omaha, NE | $116,455,414 | $27,168,281 |
Sojourner Foundation Inc Milwaukee, WI | $5,493,853 | $4,205,530 |
Bloomington-Normal Ymca Charitable Foundation Nfp Bloomington, IL | $12,002,532 | $7,012,515 |
Propel Nonprofits Minneapolis, MN | $49,559,623 | $14,478,230 |
Moose Foundation Inc Mooseheart, IL | $261,014,797 | $19,670,612 |
Jewish Federation Of Omaha Foundation Omaha, NE | $124,451,193 | $16,233,916 |
West Bend Community Foundation Inc Milwaukee, WI | $79,149,428 | $10,575,689 |
Glasser And Rosenthal Family Foundation Chicago, IL | $0 | $604,291 |
Real Estate Charitable Foundation Kansas City, MO | $43,935,265 | $4,204,580 |
Barbara Mettler Personal Tr Champaign, IL | $0 | $38,620 |
Friends Of Penfield Childrens Center Inc Milwaukee, WI | $8,290,252 | $2,579,522 |
Annette And Paul Smith Charitable Fund Omaha, NE | $1,572,080 | $32,841 |