Civic Intelligence

Waterloo Community Foundation

990 • Fiscal year 2020 • EIN 47-3373953

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 12, 2021

PO Box 1253Waterloo, IA 50704

(319) 883-6022

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

46th percentile

0.07x

Higher debt load relative to assets than 46% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

44th percentile

0.10x

Higher debt load relative to revenue than 44% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

97th percentile

81%

Higher net margin than 97% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

42nd percentile

$31,367

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

95th percentile

158%

Faster asset growth than 95% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

96th percentile

220%

Faster revenue growth than 96% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$2,261,390

Up $1,386,157 (+158%) from 2019

Net Assets

Up

$2,092,413

Up $1,412,932 (+208%) from 2019

Liabilities

Down

$168,977

Down $26,775 (-14%) from 2019

Revenue

Up

$1,656,238

Up $1,138,045 (+220%) from 2019

Expenses

Up

$306,412

Up $75,563 (+33%) from 2019

Net Income

Up

$1,349,826

Up $1,062,482 (+370%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2015: $143,823Liabilities 2015: $637Net Assets 2015: $143,1862015Assets 2016: $165,423Liabilities 2016: $1,173Net Assets 2016: $164,2502016Assets 2017: $359,057Liabilities 2017: $1,609Net Assets 2017: $357,4482017Assets 2018: $419,523Liabilities 2018: $66,898Net Assets 2018: $352,6252018Assets 2019: $875,233Liabilities 2019: $195,752Net Assets 2019: $679,4812019Assets 2020: $2,261,390Liabilities 2020: $168,977Net Assets 2020: $2,092,4132020Assets 2021: $3,061,844Liabilities 2021: $193,851Net Assets 2021: $2,867,9932021Assets 2022: $3,201,924Liabilities 2022: $417,969Net Assets 2022: $2,783,9552022Assets 2023: $4,137,331Liabilities 2023: $521,875Net Assets 2023: $3,615,4562023Assets 2024: $5,451,609Liabilities 2024: $713,625Net Assets 2024: $4,737,9842024

Highlighted filing

2020

Assets$2,261,390
Liabilities$168,977
Net Assets$2,092,413

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0Revenue 2015: $161,430Expenses 2015: $18,244Net Income 2015: $143,1862015Revenue 2016: $93,454Expenses 2016: $72,390Net Income 2016: $21,0642016Revenue 2017: $316,939Expenses 2017: $123,741Net Income 2017: $193,1982017Revenue 2018: $230,506Expenses 2018: $178,169Net Income 2018: $52,3372018Revenue 2019: $518,193Expenses 2019: $230,849Net Income 2019: $287,3442019Revenue 2020: $1,656,238Expenses 2020: $306,412Net Income 2020: $1,349,8262020Revenue 2021: $1,220,134Expenses 2021: $469,794Net Income 2021: $750,3402021Revenue 2022: $952,660Expenses 2022: $582,739Net Income 2022: $369,9212022Revenue 2023: $1,196,546Expenses 2023: $748,915Net Income 2023: $447,6312023Revenue 2024: $1,815,095Expenses 2024: $903,740Net Income 2024: $911,3552024

Highlighted filing

2020

Revenue$1,656,238
Expenses$306,412
Net Income$1,349,826
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 12, 2021
Return Version
2020v4.1
Gross Receipts
$1,986,863
Mission and Program Overview

Mission

Provide a lean, straightforward, and transparent conduit vehicle to those who wish to contribute resources for the betterment of the greater waterloo, iowa community and its citizens.

Receive,maintain,and make distributions primarily for the benefit of waterloo,iowa.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$874,677$2,250,057▲ $1,375,380
Cash and Non-Interest-Bearing Accounts$556$11,333▲ $10,777
Total Assets$875,233$2,261,390▲ $1,386,157
Liabilities
Other Liabilities$195,752$168,977▼ $26,775
Total Liabilities$195,752$168,977▼ $26,775
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$679,481$2,092,413▲ $1,412,932
Total Net Assets Fund Balance$679,481$2,092,413▲ $1,412,932
Total Liabilities and Net Assets / Fund Balance$875,233$2,261,390▲ $1,386,157
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michelle TeymeyerExecutive DirectorPT$31,367$31,367

Board Members and Trustees

NameTitle
Geof GrimesFormer President
Wilfred JohnsonPresident
Kathy MccoyVice President
Anesa KajtazovicDirector
Kent MccauslandDirector
Lance VanderlooDirector
Lori JohnsonDirector
Robert HellmanDirector
Scott CrowleyDirector
Sharina SallisDirector
Stacey BentleyDirector
Theresa HoffmanDirector
Timothy HurleyDirector
Troy SmithDirector
Chuck RoweSecretary
Sam HoldenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,623,065
Program Service Revenue
$5,218
Investment Income
$27,955
Other Revenue
$0
All Other Contributions
$1,616,065
Change in Net Assets
$1,349,826

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded3$178,202Fair Market Value (FMV)
Total Noncash Contributions3$178,202-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$218,841
Salaries, Compensation, and Employee Benefits$43,983
Other Expenses$43,588
Total Fundraising Expense$11,403
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$173,815--$173,815
Grants to Domestic Individuals$45,026--$45,026
Current Officers, Directors, Trustees, and Key Employees$11,159$13,572$6,636$31,367
Fees for Services Accounting-$9,820-$9,820
Other Salaries and Wages-$9,452-$9,452
Occupancy-$7,895-$7,895
Office Expenses-$5,197$1,161$6,358
Advertising$1,788$1,788$1,788$5,364
Fees for Service Investment Mgmnt Fees-$5,316-$5,316
Fees for Services Legal-$4,000-$4,000
Payroll Taxes$854$1,802$508$3,164
Conferences and Meetings-$210-$210
Travel-$175-$175
Other Expenses-$95$1,310$95
Total Functional Expenses$232,642$62,367$11,403$306,412
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of Northern Iowa Center for Urban EducationWaterloo, IAUniv. of Northern IaProgram Support$10,500
Community Foundation of Northeast IowaCedar Falls, IA501(c)(3)Disaster Relief$10,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Funds Held for Others$168,977
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Tim hurley and kathy mccoy have a family relationship.

Form 990, Part VI, Section B, Line 11B

A draft copy of the form 990 was sent to the executive director for review. A final copy of the form 990 was sent to all board members prior to filing.

Form 990, Part VI, Section B, Line 12C

Board members sign a conflict of interest statement annually and it is kept on file. Any known conflicts are identified and addressed at board meetings held throughout the year.

Form 990, Part VI, Section B, Line 15A

The executive director's compensation is based on annual evaluation by the executive committee and a salary comparison study of similar positions in the community. The executive committee makes a recommendation to the board of directors who approve the salary through the budget process.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy and financial statements are made available upon request.

Filing and Contact Details

Filer

Filer Name
Waterloo Community Foundation
EIN
47-3373953
Phone
3198836022
Address
PO BOX 1253, WATERLOO, IA 50704

Signing Officer

Name
Michelle Teymeyer
Title
Executive Director
Phone
3198836022
Signed
2021-06-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michelle Temeyer
Formed
2015
Legal Domicile
Ia
Voting Board Members
15
Independent Board Members
15
Employees
2
Volunteers
15

Preparer

Firm
Bergankdv Ltd
Address
PO BOX 2100, WATERLOO, IA 50704-2100
Preparer
Brian Aronson CPA
Phone
3192346885
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IRS990/Form990PartVIISectionAGrp/TitleTxt11PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12VICE PRESIDENT
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IRS990/MissionDesc0PROVIDE A LEAN, STRAIGHTFORWARD, AND TRANSPARENT CONDUIT VEHICLE TO THOSE WHO WISH TO CONTRIBUTE RESOURCES FOR THE BETTERMENT OF THE GREATER WATERLOO, IOWA COMMUNITY AND ITS CITIZENS.
IRS990/MoreThan5000KToIndividualsInd00
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IRS990/NetAssetsOrFundBalancesBOYAmt0679481
IRS990/NetAssetsOrFundBalancesEOYAmt02092413
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-4591
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-4591
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt063106
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0679481
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02092413
IRS990/NoncashContributionsAmt0178202
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt07895
IRS990/OccupancyGrp/TotalAmt07895
IRS990/OfficeExpensesGrp/FundraisingAmt01161
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05197
IRS990/OfficeExpensesGrp/TotalAmt06358
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1DONOR EXPENSES
IRS990/OtherExpensesGrp/Desc2BOARD MEETING EXPENSE
IRS990/OtherExpensesGrp/FundraisingAmt01310
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03045
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt195
IRS990/OtherExpensesGrp/TotalAmt03045
IRS990/OtherExpensesGrp/TotalAmt11310
IRS990/OtherExpensesGrp/TotalAmt295
IRS990/OtherLiabilitiesGrp/BOYAmt0195752
IRS990/OtherLiabilitiesGrp/EOYAmt0168977
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt09452
IRS990/OtherSalariesAndWagesGrp/TotalAmt09452
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0508
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01802
IRS990/PayrollTaxesGrp/ProgramServicesAmt0854
IRS990/PayrollTaxesGrp/TotalAmt03164
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MICHELLE TEMEYER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0SERVICE FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05218
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05218
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0508037
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0166407
IRS990/PYInvestmentIncomeAmt010156
IRS990/PYOtherExpensesAmt029351
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0287344
IRS990/PYSalariesCompEmpBnftPaidAmt035091
IRS990/PYTotalExpensesAmt0230849
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0518193
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01349826
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05218
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0800020
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0508037
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0262729
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0316919
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt093440
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01981145
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt032546
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt010156
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt05866
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt020
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt014
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt048602
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt05218
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.79440
IRS990ScheduleA/PublicSupportPY170Pct00.83180
IRS990ScheduleA/PublicSupportTotal170Amt01612442
IRS990ScheduleA/SubstantialContributorsTotAmt0368703
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0800020
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0508037
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0262729
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0316919
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt093440
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01981145
IRS990ScheduleA/TotalSupportAmt02029747
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DisclosedForCharitablePrpsInd01
IRS990ScheduleD/DisclosedOrgLegCtrlInd01
IRS990ScheduleD/DonorAdvisedFundsContriAmt01188789
IRS990ScheduleD/DonorAdvisedFundsGrantsAmt036599
IRS990ScheduleD/DonorAdvisedFundsHeldCnt015
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt01362685
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0168977
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FUNDS HELD FOR OTHERS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt0168977
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt045026
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0KOATS 4 KIDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt01
IRS990ScheduleI/RecipientTable/CashGrantAmt010500
IRS990ScheduleI/RecipientTable/CashGrantAmt110000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0UNIV. OF NORTHERN IA
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PROGRAM SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1DISASTER RELIEF
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0UNIVERSITY OF NORTHERN IOWA CENTER FOR URBAN EDUCATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1COMMUNITY FOUNDATION OF NORTHEAST IOWA
IRS990ScheduleI/RecipientTable/RecipientEIN0426004333
IRS990ScheduleI/RecipientTable/RecipientEIN1426060414
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0800 SYCAMORE ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt13117 GREENHILL CIRCLE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0WATERLOO
IRS990ScheduleI/RecipientTable/USAddress/CityNm1CEDAR FALLS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1IA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd050701
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd150616
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0DISTRIBUTIONS ARE MADE FROM FUNDS BASED ON THE FUNDS DISTRIBUTION POLICY AND THE BOARD'S DISCRETION.
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION ISSUED A GRANT TO REIMBURSE THE KOATS 4 KIDS PROGRAM. APPROXIMATELY 14,133 CLOTHING ITEMS WERE DISTRIBUTED TO FAMILIES UNDER THE PROGRAM. TO BE ELIGIBLE FOR WINTER CLOTHING, FAMILIES MUST MEET INCOME GUIDELINES THAT QUALIFY THEM FOR THE FREE AND REDUCED SCHOOL LUNCH PROGRAM. ASSISTANCE IS DETERMINED THOUGH CONTACT WITH FAMILY SUPPORT WORKERS AND TEACHERS TO UNDERSTAND WHICH KIDS NEED WARM CLOTHING.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE I, PART III
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/Form8283ReceivedCnt00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt03

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