GREATER CEDAR RAPIDS COMMUNITY FOUNDATION Charity Report

Public IRS 990 nonprofit record

GREATER CEDAR RAPIDS COMMUNITY FOUNDATION

EIN 42-6053860 · Community Foundations (T31)

What they do

THE GREATER CEDAR RAPIDS COMMUNITY FOUNDATION (THE COMMUNITY FOUNDATION) PARTNERS WITH DONORS, FUNDERS, and OTHER COMMUNITY COLLABORATORS to ACHIEVE HIGH-IMPACT PHILANTHROPY, SUPPORTS NONPROFIT ORGANIZATIONS THAT ADDRESS OUR COMMUNITYS NEEDS and OPPORTUNITIES, and CONVENES PEOPLE to LEARN, SHARE IDEAS, and DEVELOP SOLUTIONS for THE FUTURE.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $84.50 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 leaders25 people are listed in the latest report.

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

Money made simple

57.60%of revenue went to mission work84.5% of expenses · Program services

4.83%of revenue went to fundraising7.1% of expenses

$68.19spent for every $100 of revenueRevenue covered expenses this year.

5.76%of revenue went to management and office costs8.4% of expenses

$16.66in assets for every $1 spent this yearSome assets cannot be spent right away.

44.6%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.

Pay context: The highest compensation shown in this filing is $231,431 for KARLA TWEDT-BALL (PRESIDENT & CEO). 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$20,178,901

Mission workProgram services$11,622,43357.60% of revenue84.5% of expenses

ManagementOffice and general costs$1,162,6675.76% of revenue8.4% of expenses

FundraisingAsking for donations$974,6964.83% of revenue7.1% of expenses

Revenue left after expensesReported annual surplus$6,419,10531.81% of revenueShown in gray on the chart

Total expenses$13,759,79668.19% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

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: 84.5% mission · 8.4% management · 7.1% fundraisingTotal expenses: 68.19% of revenue

2023Expense mix: 84.6% mission · 8.1% management · 7.3% fundraisingTotal expenses: 85.47% of revenue

2022Expense mix: 85.9% mission · 7.2% management · 6.9% fundraisingTotal expenses: 98.19% of revenue

2021Expense mix: 87.1% mission · 6.3% management · 6.6% fundraisingTotal expenses: 55.95% of revenue

2020Expense mix: 87.3% mission · 5.8% management · 6.9% fundraisingTotal expenses: 116.02% of revenue

2019Expense mix: 86.8% mission · 5.5% management · 7.6% fundraisingTotal expenses: 59.84% of revenue

2018Expense mix: 86.3% mission · 6.2% management · 7.5% fundraisingTotal expenses: 68.98% of revenue

2017Expense mix: 87.6% mission · 5.7% management · 6.7% fundraisingTotal expenses: 57.66% of revenue

Money in and money out

Revenue$20,178,901

Expenses$13,759,796

Annual surplus $6,419,105 Revenue was higher than expenses 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)$11,622,433 · 84.5% of expenses

Management and office costs$1,162,667 · 8.4% of expenses

Fundraising$974,696 · 7.1% of expenses

See all reported dollar amounts

Revenue$20,178,901

Expenses$13,759,796

Assets$229,293,739

Income$25,623,954

Contributions$8,998,413

Mission work (program services)$11,622,433

Fundraising$974,696

Grants given$76,788,261

Average grant$47,784

Management and general$1,162,667

Executive compensation (total)$931,389

Stocks and bonds$140,000,866

Accounting fees$71,921

Investing fees$476,132

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

KARLA TWEDT-BALLPRESIDENT & CEO · 40 hrs/week $231,431Base $194,446 · Other $36,985

JEAN BRENNEMANCFO · 32 hrs/week $141,894Base $117,291 · Other $24,603

CORINNE RAHEVP OF COMMUNICATIONS · 40 hrs/week $137,000Base $113,756 · Other $23,244

JOE HEITZVP OF COMMUNITY IMPACT · 40 hrs/week $135,813Base $116,974 · Other $18,839

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 (25)

KARLA TWEDT-BALLPRESIDENT & CEO

JEAN BRENNEMANCFO

CORINNE RAHEVP OF COMMUNICATIONS

JOE HEITZVP OF COMMUNITY IMPACT

JIM HADDADCHAIR-ELECT (UNTIL 8/1/24)

TRACEY MYERSDIRECTOR

RAY BROWNDIRECTOR (UNTIL 10/7/24)

PATRICE CARROLLDIRECTOR

OKPARA RICEDIRECTOR

NANCY HILLDIRECTOR

MICHELLE NIERMANNCHAIR ELECT

MATTHEW VAN MAANENDIRECTOR

MARY JUNGEDIRECTOR

JON LANDONCHAIR

JOE LOCKDIRECTOR

ANTHONY ARRINGTONSECRETARY

JILL ACKERMANDIRECTOR

JANICE KERKOVEDIRECTOR

HAYWOOD STOWEDIRECTOR

DIANA LEDFORDPAST CHAIR

DAVID LITTLETREASURER

DAVE PARMLEYDIRECTOR

CRAIG SMITHDIRECTOR

CHRIS CASEYDIRECTOR

BRANDI MUELLERDIRECTOR

About this charity

Recognized since: January 1952
Location: 324 3RD ST SE, CEDAR RAPIDS, IA 524011841
County: Linn
In care of: PAULA LANGE
Primary officer: PAULA LANGE, CFO

How to reach them

WebsiteVisit the charity’s website Emailinfo@gcrcf.org Phone(319) 366-2862

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: RSM US LLP
NTEE classification: Community Foundations (T31)
IRS tax category: Community Foundations
Grant-giving organization: Yes