MOUND FARM HOLDINGS INC Charity Report

Public IRS 990 nonprofit record

MOUND FARM HOLDINGS INC

EIN 42-0681046 · Education (B420)

What they do

CATHOLIC UNIVERSITY PROVIDING STUDENT FOCUSED BACCALAUREATE and GRADUATE EDUCATION IN THE SPIRIT of THE SISTERS of MERCY. WELCOMES WOMEN and MEN of ALL BELIEFS to JOIN THE COMMUNITY IN PURSUIT of EDUCATION and SERVICE to THOSE IN NEED. PROMOTES REFLECTIVE JUDGMENT, STRATEGIC COMMUNICATION, THE COMMON GOOD and PURPOSEFUL LIVING THROUGH A CORE CURRICULUM, LIBERAL ARTS and PROFESSIONAL MAJORS and STUDENT DEVELOPMENT PROGRAMS. STRIVE for EXCELLENCE IN ACCOMPLISHING OUR MISSION THROUGH FOUR INTERDEPENDENT GOALS: USING REFLECTIVE JUDGMENT, ENGAGING IN STRATEGIC COMMUNICATION, SERVING THE COMMON GOOD and PROMOTING PURPOSEFUL LIVING.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $96.80 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders35 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

304.53%of revenue went to mission work96.8% of expenses · Program services

1.19%of revenue went to fundraising0.4% of expenses

$314.53spent for every $100 of revenueSpending was higher than revenue this year.

8.81%of revenue went to management and office costs2.8% of expenses

4.6%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $112,779,520 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $326,618 for TODD OLSON (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$52,570,960

Mission workProgram services$160,092,817304.53% of revenue96.8% of expenses

ManagementOffice and general costs$4,631,8808.81% of revenue2.8% of expenses

FundraisingAsking for donations$625,7831.19% of revenue0.4% of expenses

Total expenses$165,350,480314.53% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 96.8% mission · 2.8% management · 0.4% fundraisingTotal expenses: 314.53% of revenue

2023Expense mix: 90.6% mission · 7.6% management · 1.7% fundraisingTotal expenses: 105.88% of revenue

2022Expense mix: 89.5% mission · 8.9% management · 1.6% fundraisingTotal expenses: 105.56% of revenue

2021Expense mix: 83.4% mission · 15.1% management · 1.5% fundraisingTotal expenses: 96.82% of revenue

2020Expense mix: 82.4% mission · 16.0% management · 1.6% fundraisingTotal expenses: 88.91% of revenue

2019Expense mix: 84.8% mission · 13.6% management · 1.6% fundraisingTotal expenses: 96.87% of revenue

2018Expense mix: 88.3% mission · 10.1% management · 1.6% fundraisingTotal expenses: 97.82% of revenue

2017Expense mix: 88.8% mission · 9.4% management · 1.8% fundraisingTotal expenses: 90.34% of revenue

Money in and money out

Revenue$52,570,960

Expenses$165,350,480

Annual shortfall $112,779,520 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$160,092,817 · 96.8% of expenses

Management and office costs$4,631,880 · 2.8% of expenses

Fundraising$625,783 · 0.4% of expenses

See all reported dollar amounts

Revenue$52,570,960

Expenses$165,350,480

Income$71,779,842

Contributions$2,417,721

Mission work (program services)$160,092,817

Fundraising$625,783

Grants given$109,265,602

Average grant$109,265,602

Management and general$4,631,880

Executive compensation (total)$665,419

Stocks and bonds$25,832,183

Accounting fees$98,616

Investing fees$159,562

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

TODD OLSONPRESIDENT · 40 hrs/week $326,618Base $258,030 · Other $68,588

TOM CASTLEPROVOST · 40 hrs/week $171,155Base $134,586 · Other $36,569

TOM DOERMANNVP FOR OPERATIONS · 40 hrs/week $170,256Base $133,332 · Other $36,924

JAY COLEMANVP ENROLLMENT & MARKETING · 40 hrs/week $168,438Base $135,084 · Other $33,354

KIM BRODEAN COLLEGE OF NURSING (THRU 1/25) · 40 hrs/week $146,336Base $121,647 · Other $24,689

BRITTNEY BURMAHLVP FOR BUSINESS & FINANCE · 40 hrs/week $141,430Base $113,215 · Other $28,215

BRENDA HAEFNERVP DEV & ALUMNI RELAT. (THRU 4/24) · 40 hrs/week $129,959Base $107,722 · Other $22,237

JENNIFER RASMUSSENPROFESSOR OF EDUCATION & DEPT CHAIR · 40 hrs/week $114,719Base $103,564 · Other $11,155

RITU SHANDILYAASSOC. PROF. OF COMP. & DATA SCIENCE · 40 hrs/week $113,045Base $102,452 · Other $10,593

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (35)

TODD OLSONPRESIDENT

TOM CASTLEPROVOST

TOM DOERMANNVP FOR OPERATIONS

JAY COLEMANVP ENROLLMENT & MARKETING

KIM BRODEAN COLLEGE OF NURSING (THRU 1/25)

BRITTNEY BURMAHLVP FOR BUSINESS & FINANCE

BRENDA HAEFNERVP DEV & ALUMNI RELAT. (THRU 4/24)

JENNIFER RASMUSSENPROFESSOR OF EDUCATION & DEPT CHAIR

RITU SHANDILYAASSOC. PROF. OF COMP. & DATA SCIENCE

MICHELE BUSSEBOARD CHAIR-ELECT & TRUSTEE

KRISTEN TROVASTRUSTEE

NANCY KASPAREKTRUSTEE

ROBERT KAZIMOURTRUSTEE

RONALD HEROLDTRUSTEE

SISTER DELORES HANNONTRUSTEE

SISTER LAURA REICKSTRUSTEE

SISTER MARGARET WEIGELBOARD SECRETARY & TRUSTEE

SISTER SUSAN OCONNORTRUSTEE

TAMI CULVERTRUSTEE

TERRI CHRISTOFFERSENTRUSTEE

MICHAEL WEHRTRUSTEE

MAGDA GOLOBICTRUSTEE

LEANN RIDGEWAYTRUSTEE

BARBARA BARHAMANDTRUSTEE

JOHN RINDERKNECHTTRUSTEE

JASON MILLERTRUSTEE

JAMES NIKRANTTRUSTEE

DYAN SMITHTRUSTEE

DR VINCENT REIDTRUSTEE

DR RUTH WHITETRUSTEE

DR RICHARD KETTELKAMPTRUSTEE

DR MELANIE GIESLER-SPELLMANTRUSTEE

CHARLES ROHDEBOARD CHAIR & TRUSTEE

BRANDT WORLEYIMMEDIATE PAST CHAIR & TRUSTEE

BARBARA KNAPPTRUSTEE

About this charity

Recognized since: January 1946
Location: 1330 ELMHURST DR NE, CEDAR RAPIDS, IA 52402-4763
County: Linn
In care of: TODD OLSON
Primary officer: TODD OLSON, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Phone(319) 363-1323

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: CLIFTONLARSONALLEN LLP
NTEE classification: Education (B420)
IRS tax category: Colleges, Universities, and Professional Schools
Grant-giving organization: Yes