Job Foundation FY2023 filing

Tax-deductible

Cedar Falls, IA501(c)(3)EducationEIN 20-3091308Revenue $379K in FY2023

On file with the IRSthejobfoundation.org4600 University Ave Ste 1, 50613-6216 · Cedar Falls, IATax-exempt since Sep 2006Publicly supported charity — 170(b)(1)(A)(vi)

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Financial stewardship education and mentoring program for youth living in low-income households.

501(c)(3) charity; gifts are tax-deductible.
60¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $43K a year · 11% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
60%
of spending
Worth a look: 60% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$379K
-6% vs prior year
Spent
$442K
To programs
60%
Net assets
$180K
By yearFY2021–FY2025
Revenue
$379K
FY2023▼ -6%
Tap a bar for its year
Revenue by fiscal year
FY2021$394K
FY2022$404K
FY2023$379K
FY2024$357K
FY2025$475K
Expenses
$442K
FY2023▲ +0.9%
Tap a bar for its year
Expenses by fiscal year
FY2021$447K
FY2022$438K
FY2023$442K
FY2024$426K
FY2025$471K
Net assets
$180K
FY2023▼ -26%
Tap a bar for its year
Net assets by fiscal year
FY2021$257K
FY2022$243K
FY2023$180K
FY2024$117K
FY2025$140K

From the FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

60 cents of each dollar spent went to programs.

Program services 60% · $263K Management & general 14% · $64K Fundraising 26% · $115K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Cyd McHone’s $76K as Executive Director is at the 68th percentile of top reported officer pay among 1612 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2022
Cyd McHone$75,552$80,262—
Cynthia McHone——$77,124

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Teaches financial skills and provides mentoring to low-income youth.

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Provided by the organization

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1 program · $263K · in their own filed words · FY2022
01

Financial stewardship mentoring program provided financial, education, mentoring and earned resources to 87 youth and their families

$263Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$20K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$379K
Ln 12
Gifts and grantsLn 1h$378K
Investment incomeLn 3$868
Money outPt IX
$442K
Ln 25
Programscol B$263K
Managementcol C$64K
Fundraisingcol D$115K
Owns and owesPt X
$180K
net assets · Ln 32
Cash and savingsLn 1–2$95K
Total assetsLn 16$182K
LiabilitiesLn 26$2K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$378K
Investment incomeLn 3$868
Total revenueLn 12$379K
Assets in detailPt X, end of year
CashLn 1$15K
SavingsLn 2$80K
Cash and savings togetherLn 1–2$95K
InvestmentsLn 11–13$83K
Land, buildings, equipmentLn 10c$4K
Total assetsLn 16$182K
LiabilitiesLn 26$2K
Net assetsLn 32$180K
OperationsPt I, VI
EmployeesI 58
VolunteersI 672
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$158K$95K
InvestmentsLn 11–13$80K$83K
Land, buildings, equipmentLn 10c$7K$4K
Total assetsLn 16$245K$182K
LiabilitiesLn 26$3K$2K
Net assetsLn 32$243K$180K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$80K$27K$27K$27K
Other salaries and wagesLn 7$203K$126K$17K$60K
Other employee benefitsLn 9$5K$1K$1K$2K
Payroll taxesLn 10$27K$15K$4K$8K
Accounting feesLn 11c$24K$24K
Advertising and promotionLn 12$694$156$538
Office expensesLn 13$18K$8K$4K$7K
Information technologyLn 14$4K$78$270$3K
OccupancyLn 16$17K$6K$6K$6K
TravelLn 17$3K$2K$97$489
InterestLn 20$321$15$306
Depreciation, depletion and amortizationLn 22$2K$10$2K$19
InsuranceLn 23$3K$567$2K$567
Other expenses (24a–d)Ln 24$55K$54K$594$588
All other expensesLn 24e$315$315
Total functional expensesLn 25$442K$263K$64K$115K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $475K$471K$4K$140K 990 PDF
FY2024 $357K$426K−$69K$117K 990 PDF
FY2023 Viewing $379K$442K−$63K$180K 990 PDF
FY2022 $404K$438K−$34K$243K 990 PDF
FY2021 $394K$447K−$53K$257K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $378,743 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $403,914$377,875
I-9 Program service revenue$0
I-10 Investment incomePrior year $192$868
I-11 Other revenue$0
I-12 Total revenuePrior year $404,106$378,743
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $314,481$315,477
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $123,345$126,171
I-18 Total expensesPrior year $437,826$441,648
I-19 Revenue less expensesPrior year −$33,720−$62,905
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $378,743 across 4 lines filed
VIII-1f All other contributions, gifts and grants$377,875
VIII-1h Total contributions, gifts and grants$377,875
VIII-3 Investment incomeRelated to mission $868$868
VIII-12 Total revenueRelated to mission $868 · Unrelated business $0 · Excluded from tax $0$378,743
Part IX · Statement of functional expenses $441,648 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $26,758 · Management $26,759 · Fundraising $26,758$80,275
IX-7 Other salaries and wagesPrograms $126,462 · Management $16,699 · Fundraising $59,750$202,911
IX-9 Other employee benefitsPrograms $1,167 · Management $1,412 · Fundraising $2,293$4,872
IX-10 Payroll taxesPrograms $14,755 · Management $4,348 · Fundraising $8,316$27,419
IX-11c Accounting feesPrograms $23,633$23,633
IX-12 Advertising and promotionManagement $156 · Fundraising $538$694
IX-13 Office expensesPrograms $7,699 · Management $3,754 · Fundraising $6,706$18,159
IX-14 Information technologyPrograms $78 · Management $270 · Fundraising $3,204$3,552
IX-16 OccupancyPrograms $5,600 · Management $5,600 · Fundraising $5,600$16,800
IX-17 TravelPrograms $2,403 · Management $97 · Fundraising $489$2,989
IX-20 InterestPrograms $15 · Management $306$321
IX-22 Depreciation, depletion and amortizationPrograms $10 · Management $1,511 · Fundraising $19$1,540
IX-23 InsurancePrograms $567 · Management $2,220 · Fundraising $567$3,354
IX-24 Other expenses (24a–d)Programs $53,632 · Management $594 · Fundraising $588$54,814
IX-24e All other expensesPrograms $315$315
IX-25 Total functional expensesPrograms $263,094 · Management $63,726 · Fundraising $114,828$441,648
Part X · Balance sheet $182,054 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $58,708$15,390
X-2 Savings and temporary cash investmentsStart of year $99,287$79,998
X-10c Land, buildings and equipment, netStart of year $7,381$3,916
X-11 Publicly traded securitiesStart of year $79,845$82,750
X-16 Total assetsStart of year $245,221$182,054
X-17 Accounts payable and accrued expensesStart of year $2,518$2,256
X-26 Total liabilitiesStart of year $2,518$2,256
X-27 Net assets without donor restrictionsStart of year $242,703$179,798
X-32 Total net assets or fund balancesStart of year $242,703$179,798
X-33 Total liabilities and net assetsStart of year $245,221$182,054
Part XI · Reconciliation of net assets $179,798 net assets at year end
XI-1 Total revenue$378,743
XI-2 Total expenses$441,648
XI-3 Revenue less expenses−$62,905
XI-4 Net assets at start of year$242,703
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$179,798

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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