2024-09-20T13:01:51-04:00 2023-12-31 420991212 HOGAN - HANSEN PC 3128 BROCKWAY ROAD WATERLOO IA 507015103 990 2023-01-01 426060414 COMMUNITY FOUNDATION OF NORTHEAST IOWA COMM 3192879106 3117 GREENHILL CIRCLE CEDAR FALLS IA 50613 KAYE M ENGLIN PRESIDENT & CEO 3192879106 2024-07-15 true true STEVEN K DUGGAN CPA P00424293 3192335225 2024-07-31 2023 2024-08-08 14:25:15Z KAYE M ENGLIN 3117 GREENHILL CIRCLE CEDAR FALLS IA 50613 30824784 false X WWW.CFNEIA.ORG X 1956 IA TO INSPIRE PEOPLE AND CONNECT RESOURCES TO ENRICH OUR COMMUNITIES. THE COMMUNITY FOUNDATION CARRIES OUT THIS MISSION ACROSS ITS 20 COUNTY REGION BY RESPONDING TO CURRENT AND FUTURE CHARITABLE NEEDS OF THE COMMUNITIES IT SERVES. THE FOUNDATION RESPONDS BY SUPPORTING NONPROFITS DOING GOOD IN THEIR COMMUNITIES THROUGH GRANTMAKING AND BY HELPING INDIVIDUALS, FAMILIES AND BUSINESSES ESTABLISH ENDOWMENT FUNDS TO CREATE LONG-TERM POSITIVE IMPACT ON THEIR COMMUNITIES AND THE CAUSES THEY ARE PASSIONATE ABOUT. THE COMMUNITY FOUNDATION ALSO ACTS AS PARTNER AND CONVENER THROUGH COLLABORATION WITH COMMUNITY AND PHILANTHROPIC LEADERS TO ADDRESS THE CHALLENGES IN OUR REGION. 17 16 20 450 0 7850684 6935811 0 3460699 9665197 -7524 17750 11303859 16618758 7615196 8943240 0 1214613 1360358 0 319867 831925 748288 9661734 11051886 1642125 5566872 156432405 163398434 6079788 7250996 150352617 156147438 X TO INSPIRE PEOPLE AND CONNECT RESOURCES TO ENRICH OUR COMMUNITIES. THE COMMUNITY FOUNDATION CARRIES OUT THIS MISSION ACROSS ITS 20 COUNTY REGION BY RESPONDING TO CURRENT AND FUTURE CHARITABLE NEEDS OF THE COMMUNITIES IT SERVES. THE FOUNDATION RESPONDS BY SUPPORTING NONPROFITS DOING GOOD IN THEIR COMMUNITIES THROUGH GRANTMAKING AND BY HELPING INDIVIDUALS, FAMILIES AND BUSINESSES ESTABLISH ENDOWMENT FUNDS TO CREATE LONG-TERM POSITIVE IMPACT ON THEIR COMMUNITIES AND THE CAUSES THEY ARE PASSIONATE ABOUT. THE COMMUNITY FOUNDATION ALSO ACTS AS PARTNER AND CONVENER THROUGH COLLABORATION WITH COMMUNITY AND PHILANTHROPIC LEADERS TO ADDRESS THE CHALLENGES IN OUR REGION. false false 9346380 8943240 THE FOUNDATION RESPONDS BY SUPPORTING NONPROFITS DOING GOOD IN THEIR COMMUNITIES THROUGH GRANTMAKING AND BY HELPING INDIVIDUALS, FAMILIES AND BUSINESSES ESTABLISH ENDOWMENT FUNDS TO CREATE LONG-TERM POSITIVE IMPACT ON THEIR COMMUNITIES AND THE CAUSES THEY ARE PASSIONATE ABOUT. GRANTS ARE DISTRIBUTED TO NONPROFITS AND GOVERNMENT ENTITIES ACROSS OUR REGION, ARE RATIFIED BY THE FOUNDATION'S BOARD OF DIRECTORS AND ARE MADE IN THE FOLLOWING AREAS: ART AND CULTURE, COMMUNITY BETTERMENT, EDUCATION AND YOUTH BETTERMENT, ENVIRONMENT AND ANIMAL WELFARE, HEALTH, AND HUMAN SERVICE. 9346380 true true false true false true false true true true true false false false true true false true false false false false false false false false false true true true false false false false false false false false true true false false false true false false false true 17 0 true 20 true false false false false false false false false false false false false false false false false false X 17 16 false false false false false false false true true false false true true true true true true true true false X X X LIZ A KURTT 3192879106 3117 GREENHILL CIRCLE CEDAR FALLS IA 50613 KAYE M ENGLIN PRESIDENT & 40.00 X X 229089 0 6494 LIZ A KURTT VP OF FIN & 40.00 X 103587 0 21404 ANGELA WIDNER VP COMMUNITY 40.00 X 105436 0 10956 JEFF SEAMANS PAST CHAIR 0.50 X X 0 0 0 TODD HENNINGSEN CHAIR 0.50 X X 0 0 0 RESHONDA YOUNG VICE CHAIR 0.50 X X 0 0 0 MICHELLE JUNGERS SECRETARY 0.50 X X 0 0 0 KEN CUTTS BOARD MEMBER 0.50 X 0 0 0 JOY BRISCOE BOARD MEMBER 0.50 X 0 0 0 DOUG LINDAMAN BOARD MEMBER 0.50 X 0 0 0 SUSAN SIMS BOARD MEMBER 0.50 X 0 0 0 SCOTT THOMSON BOARD MEMBER 0.50 X 0 0 0 BROOKE TRENT BOARD MEMBER 0.50 X 0 0 0 MATT WALLER BOARD MEMBER 0.50 X 0 0 0 MIKE HULME BOARD MEMBER 0.50 X 0 0 0 CHAWNE PAIGE BOARD MEMBER 0.50 X 0 0 0 KALOLA ROBY BOARD MEMBER 0.50 X 0 0 0 438112 38854 3 false true false 19200 2701531 4215080 391075 6935811 2529551 2529551 21341672 14206026 7135646 7135646 7135646 ADMIN FEES - AGENCY FUND 900099 19084 19084 TEEN TRUST T-SHIRT REVENUE 900099 6451 6451 LOSS ON UNCOLLECTIBLE PROMISE 900099 -7785 -7785 17750 16618758 17750 9665197 8372055 8372055 571185 571185 476966 95749 319744 61473 725794 206865 379759 139170 15303 8727 5502 1074 55265 16812 30289 8164 87030 22734 49756 14540 1614 215 1399 27390 27390 175097 175097 54438 5144 49294 104669 48050 56619 3963 3963 60201 60201 66679 9931 50396 6352 59621 12511 32247 14863 5215 200 4626 389 76217 19942 43521 12754 54209 3487 48492 2230 MISCELLANEOUS 27814 400 27414 DUES/MEMBERSHIP FEES 16876 638 15398 840 CREDIT CARD SERVICE FEES 8005 8005 STATE UNEMPLOYMENT EXPENS 3632 3632 2648 2648 11051886 9346380 1385639 319867 174556 498870 4164453 450725 695810 665743 21915 22860 2234937 585183 1711105 1649754 142019605 152127599 7644961 7982883 156432405 163398434 113176 145878 711931 1106612 4119335 4916176 1135346 1082330 6079788 7250996 X 29904175 29367171 120448442 126780267 150352617 156147438 156432405 163398434 X 5566872 165339 62610 X true true X true false X 5801721 8544163 14439963 7850684 6935811 43572342 5801721 8544163 14439963 7850684 6935811 43572342 2186125 41386217 2847787 3908859 1796379 1970653 2529551 13053229 56625571 118981 0.73090 0.69640 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 2469 2469 false SCHEDULE C, PART II-B, LINE 1 TO HELP EDUCATE LEGISLATORS ON THE IMPORTANCE OF THE ENDOW IOWA PROGRAM IN ORDER TO ENCOURAGE CONTINUATION OF THIS PROGRAM TO HELP BENEFIT THE CHARITABLE NEEDS ALL ACROSS IOWA. 178 860 861872 5512454 1554533 7388707 30237765 125909673 true true 211922 6833583 X X false false true X 115853639 3369691 8332225 2568392 -509421 125496584 126801570 3912053 -9180022 2296172 3383790 115853639 102144415 9085402 18069847 1897279 600815 126801570 92029800 3444605 10583694 1785558 2128126 102144415 78664569 3080735 13959371 1685295 1989580 92029800 1.00000 false false 140349 140349 1792348 376440 1415908 281277 197563 83714 20963 11180 9783 1649754 NOTES PAYABLE 665743 SCHOLARSHIP PAYABLE 416587 1082330 X 16671610 227949 227949 16443661 175097 175097 16618758 10876789 10876789 175097 175097 11051886 SCHEDULE D, PAGE 2, PART IV, LINE 2B THE FOUNDATION INVESTS FUNDS FOR OTHER ORGANIZATIONS WHICH MAINTAIN COMPLETE DISCRETION OVER THE USE OF ALL OF THESE AGENCY QUASI-ENDOWMENT FUNDS AND AGENCY EXPENDABLE FUNDS HELD AT THE FOUNDATION BY NAMING THEIR ORGANIZATION AS THE SPECIFIED BENEFICIARY OF THOSE FUNDS. ALL FINANCIAL ACTIVITY AND CHARITABLE DISTRIBUTIONS RELATED TO THESE FUNDS ARE RECORDED AS ADJUSTMENTS TO THE LIABILITY AND ARE NOT RECORDED IN REVENUE AND EXPENSES. THE LIABILITY DOES NOT INCLUDE ENDOWMENT FUNDS OF THESE ORGANIZATIONS SINCE DISTRIBUTION OF THOSE FUNDS IS LIMITED BY THE FOUNDATION'S SPENDING POLICY AND THOSE DISTRIBUTIONS MAY NOT INVADE THE ORIGINAL CONTRIBUTION AMOUNT. SCHEDULE D, PAGE 2, PART V, LINE 4 THE FOUNDATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS. THOSE POLICIES ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT FUNDS WHILE ALSO MAINTAINING THE PURCHASING POWER OF THOSE ENDOWMENT ASSETS OVER THE LONG TERM. ACCORDINGLY, THE INVESTMENT PROCESS SEEKS TO ACHIEVE AN AFTER-COST TOTAL REAL RATE OF RETURN, INCLUDING INVESTMENT INCOME, WHICH EXCEEDS THE ANNUAL DISTRIBUTION WITH ACCEPTABLE LEVELS OF RISK. ENDOWMENT ASSETS ARE INVESTED IN A WELL DIVERSIFIED ASSET MIX. INVESTMENT RISK IS MEASURED IN TERMS OF THE TOTAL ENDOWMENT FUND WITH AN ALLOCATION AMONG ASSET CLASSES AND STRATEGIES MANAGED TO PREVENT EXPOSING THE FUNDS TO UNACCEPTABLE LEVELS OF RISK. THE FOUNDATION'S WRITTEN INVESTMENT POLICY IS REQUIRED TO BE FOLLOWED BY ITS INVESTMENT ADVISORS AND CUSTODIANS. THE FOUNDATION HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR 4% OF ITS ENDOWMENT FUND'S AVERAGE FAIR VALUE BASED UPON AN EIGHT-QUARTER BACK-ROLLING AVERAGE. ENDOWMENT FUNDS MUST BE INVESTED FOR AT LEAST ONE YEAR BEFORE DISTRIBUTIONS ARE AVAILABLE TO BE MADE. ALL DISTRIBUTIONS ARE SUBJECT TO COMPLIANCE WITH THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (UPMIFA). THE FOUNDATION PARTICIPATES IN THE ENDOW IOWA PROGRAM, WHICH IS ADMINISTERED BY THE IOWA ECONOMIC DEVELOPMENT AUTHORITY THROUGH QUALIFIED COMMUNITY FOUNDATIONS. THE PROGRAM'S PURPOSE IS TO CREATE SUSTAINABLE PHILANTHROPIC OPPORTUNITIES FOR CHARITABLE IMPACT IN IOWA COMMUNITIES. THE LEGISLATION GOVERNING THE PROGRAM MANDATES THAT THE SPENDING POLICY MAY NOT EXCEED 5% OF THE FUND. THE FOUNDATION INTERPRETS THIS AS A RESTRICTION TO ENDOWMENT FUNDS AND HAS CLASSIFIED THESE ENDOWMENT FUNDS AS CONTRIBUTIONS WITH DONOR RESTRICTIONS. SCHEDULE D, PAGE 3, PART X MANAGEMENT ANNUALLY MAKES AN APPROPRIATE EVALUATION OF ANY UNCERTAIN INCOME TAX POSITIONS BASED UPON CURRENT STATUTES IN COMPLETING THESE CONSOLDIATED FINANCIAL STATEMENTS AND THE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS. AS OF DECEMBER 31, 2023, MANAGEMENT BELIEVES THAT THERE WERE NO UNCERTAIN INCOME TAX POSITIONS FOR WHICH A MATERIAL CHANGE IN THE UNRECOGNIZED EFFECT WOULD BE REASONABLY POSSIBLE WITHIN THE NEXT 12 MONTHS. SCHEDULE D, PAGE 4, PART XI, LINE 2D UNREALIZED GAIN ON INVESTMENTS 165,339 UNREALIZED GAIN ON BENEFICIAL INTEREST 62,610 true SEE ATTACHED SCHEDULE 7984341 291 134 INDIVIDUAL GRANTS 151 571185 SCHEDULE I, PAGE 1, PART I, LINE 2 SEE ATTACHED GRANTMAKING DUE DILIGENCE POLICY. X X X false false false false false false false false false KAYE M ENGLIN PRESIDENT & CEO 210351 18738 6314 180 235583 X 26 211922 APPRAISAL X 8 119576 MARKET VALUE X GRAIN 1 59577 MARKET VALUE false true true SCHEDULE M, PAGE 1, PART I, LINE 32B THE FOUNDATION USES BROKERS TO SELL PUBLICLY TRADED SECURITIES AND WATERLOO CENTER FOR THE ARTS FOR APPRAISAL OF ART ADDITIONS. FORM 990 - ORGANIZATION'S MISSION TO INSPIRE PEOPLE AND CONNECT RESOURCES TO ENRICH OUR COMMUNITIES. THE COMMUNITY FOUNDATION CARRIES OUT THIS MISSION ACROSS ITS 20 COUNTY REGION BY RESPONDING TO CURRENT AND FUTURE CHARITABLE NEEDS OF THE COMMUNITIES IT SERVES. THE FOUNDATION RESPONDS BY SUPPORTING NONPROFITS DOING GOOD IN THEIR COMMUNITIES THROUGH GRANTMAKING AND BY HELPING INDIVIDUALS, FAMILIES AND BUSINESSES ESTABLISH ENDOWMENT FUNDS TO CREATE LONG-TERM POSITIVE IMPACT ON THEIR COMMUNITIES AND THE CAUSES THEY ARE PASSIONATE ABOUT. THE COMMUNITY FOUNDATION ALSO ACTS AS PARTNER AND CONVENER THROUGH COLLABORATION WITH COMMUNITY AND PHILANTHROPIC LEADERS TO ADDRESS THE CHALLENGES IN OUR REGION. FORM 990, PAGE 6, PART VI, LINE 11B THE FOUNDATION'S BOARD REVIEWS THE FORM 990 BEFORE IT IS FILED. FORM 990, PAGE 6, PART VI, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE REQUIRED ANNUALLY. THE PRESIDENT & CEO REVIEWS THE STATEMENTS AND REPORTS THE RESULTS TO THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 15A THE PRESIDENT & CEO'S SALARY IS VOTED BY THE BOARD OF DIRECTORS ANNUALLY. THE BOARD DOES NOT RECEIVE COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 15B OTHER WAGES ARE DETERMINED PERIODICALLY AND ARE APPROVED BY THE PRESIDENT & CEO. FORM 990, PAGE 6, PART VI, LINE 19 THE FOUNDATION MAKES THESE DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 UNREALIZED LOSS IN BENEFICIAL INTEREST 62,610 COMMUNITY FOUNDATION REALTY HOLDING 3117 GREENHILL CIRCLE CEDAR FALLS IA 50613 421444029 SEE PT VII IA 501C3 12B SEE PT VII false false false false false false false false false false false false false false false false false false false false SCHEDULE R PART II, LINE (1)(B) PRIMARY ACTIVITY: COMMUNITY FOUNDATION REALTY HOLDINGS PRIMARY ACTIVITY IS TO SUPPORT CIVIC AND CHARITABLE ACTIVITIES. PART II, LINE (1)(F) DIRECT CONTROLLING ENTITY: COMMUNITY FOUNDATION OF NORTHEAST IOWA