Cedar Falls Community Schoolsfoundation FY2021 filing

Tax-deductible

Cedar Falls, IA501(c)(3)EducationEIN 20-4287931Revenue $932K in FY2021

On file with the IRScfschools.org/foundation602 Main St, 50613-2949 · Cedar Falls, IATax-exempt since Feb 2007Publicly supported charity — 170(b)(1)(A)(vi)

This page gets seen. Tell your story. Claim this org.

To generate resources and advocate for quality public education in the Cedar Falls Community school district.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
$28K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
4 of 5
filings with a surplus
Average surplus $742K a year · 39% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$28K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
24 mo
of spending, in cash
Looks good: 23.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
10
named funders · $527K
Looks good: 10 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1K
0.03% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$932K
Spent
$212K
To programs
71%
Net assets
$4.0M
By yearFY2021–FY2025
Revenue
$932K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$932K
FY2022$1.5M
FY2023$2.4M
FY2024$2.7M
FY2025$2.1M
Expenses
$212K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$212K
FY2022$182K
FY2023$576K
FY2024$1.5M
FY2025$3.3M
Net assets
$4.0M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$4.0M
FY2022$4.6M
FY2023$6.7M
FY2024$8.0M
FY2025$6.8M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2021 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 Feb 2007.

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

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $152K Management & general 23% · $48K Fundraising 6% · $12K

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

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

21 people listed on the 990; $28K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Di
$27,618Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Monica Boyer’s $56K as Executive Di is at the 9th percentile of top reported officer pay among 3394 $1–10M 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Monica Boyer$55,957$44,892$38,340$32,917$27,618

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.

See Cedar Falls Community Schoolsfoundation executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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

Generates resources and advocates for quality public education in Cedar Falls schools.

Questions for Cedar Falls Community Schoolsfoundation

Tap to ask. Cedar Falls Community Schoolsfoundation sees how many people are interested.

Your first name shows with your question. Cedar Falls Community Schoolsfoundation answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

2 programs · $152K · in their own filed words · FY2020
01

The cedar falls community school foundation raises funds which are used to encourage and promote the improvement of the quality of education within the cedar falls community school district.

$128Kprogram expense
02

Provide scholarships to high school seniors and recent graduates that are continuing their post high school educations.

$24Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 10 funders →
Grants paid · 14 grants · $5.2M · 2020–2024
Cedar Falls Community School DistFY2024$3,157,985
Unitemized GrantFY2024$24,500
Unitemized GrantFY2024$1,150
Cedar Falls Community School DistFY2023$1,316,401
Unitemized GrantFY2023$59,500
Unitemized GrantFY2023$1,150
Cedar Falls Community School DistFY2022$438,264
Unitemized GrantFY2022$28,000
Unitemized GrantFY2022$575
Cedar Falls Community School DistFY2021$62,742
Unitemized GrantFY2021$24,250
Unitemized GrantFY2021$500
Cedar Falls Community School DistFY2020$102,387
Unitemized GrantFY2020$21,250

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$932K
Ln 12
Gifts and grantsLn 1h$498K
Investment incomeLn 3$434K
Money outPt IX
$212K
Ln 25
Programscol B$152K
Managementcol C$48K
Fundraisingcol D$12K
Owns and owesPt X
$4.0M
net assets · Ln 32
Cash and savingsLn 1–2$421K
Total assetsLn 16$4.0M
LiabilitiesLn 26$1K
PeoplePt VI, VII
21
listed · VII A
PaidVII A1
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$498K
Government grantsLn 1e$15K
Investment incomeLn 3$434K
Gains on assetsLn 7$361K
Total revenueLn 12$932K
Assets in detailPt X, end of year
CashLn 1$4K
SavingsLn 2$418K
Cash and savings togetherLn 1–2$421K
InvestmentsLn 11–13$3.5M
Total assetsLn 16$4.0M
LiabilitiesLn 26$1K
Net assetsLn 32$4.0M
OperationsPt I, VI
EmployeesI 52
VolunteersI 650
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$111K$421K
InvestmentsLn 11–13$2.9M$3.5M
Total assetsLn 16$3.0M$4.0M
LiabilitiesLn 26$9K$1K
Net assetsLn 32$3.0M$4.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$105K$105K
Grants to domestic individualsLn 2$21K$21K
Other salaries and wagesLn 7$36K$18K$9K$9K
Payroll taxesLn 10$4K$2K$978$978
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$28K$28K
Advertising and promotionLn 12$3K$2K$2K
Office expensesLn 13$3K$2K$468
OccupancyLn 16$2K$1K$623$623
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$6K$379$5K
Total functional expensesLn 25$212K$152K$48K$12K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.1M$3.3M−$1.2M$6.8M 990 PDF
FY2024 $2.7M$1.5M$1.2M$8.0M 990 PDF
FY2023 $2.4M$576K$1.8M$6.7M 990 PDF
FY2022 $1.5M$182K$1.3M$4.6M 990 PDF
FY2021 Viewing $932K$212K$720K$4.0M 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2021 990 (6 parts)
Part I · Summary $932,392 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $123,609$498,318
I-9 Program service revenue$0
I-10 Investment incomePrior year $160,922$434,074
I-11 Other revenue$0
I-12 Total revenuePrior year $284,531$932,392
I-13 Grants and similar amounts paidPrior year $101,084$126,037
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $36,798$39,502
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $40,496$46,713
I-18 Total expensesPrior year $178,378$212,252
I-19 Revenue less expensesPrior year $106,153$720,140
Part VI · Governance 17 of 17 board members independent, 1 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $932,392 across 6 lines filed
VIII-1e Government grants$14,600
VIII-1f All other contributions, gifts and grants$483,718
VIII-1h Total contributions, gifts and grants$498,318
VIII-3 Investment incomeRelated to mission $72,906$72,906
VIII-7 Net gain or loss on sales of assetsRelated to mission $361,168$361,168
VIII-12 Total revenueRelated to mission $434,074$932,392
Part IX · Statement of functional expenses $212,252 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $104,787$104,787
IX-2 Grants to domestic individualsPrograms $21,250$21,250
IX-7 Other salaries and wagesPrograms $17,794 · Management $8,898 · Fundraising $8,898$35,590
IX-10 Payroll taxesPrograms $1,956 · Management $978 · Fundraising $978$3,912
IX-11c Accounting feesManagement $2,200$2,200
IX-11f Investment management feesManagement $27,690$27,690
IX-12 Advertising and promotionPrograms $1,717 · Fundraising $1,718$3,435
IX-13 Office expensesPrograms $2,412 · Management $468$2,880
IX-16 OccupancyPrograms $1,244 · Management $623 · Fundraising $623$2,490
IX-23 InsuranceManagement $2,322$2,322
IX-24 Other expenses (24a–d)Programs $379 · Management $5,317$5,696
IX-25 Total functional expensesPrograms $151,539 · Management $48,496 · Fundraising $12,217$212,252
Part X · Balance sheet $3,960,976 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $12,380$3,706
X-2 Savings and temporary cash investmentsStart of year $98,141$417,519
X-11 Publicly traded securitiesStart of year $2,858,122$3,539,751
X-16 Total assetsStart of year $2,968,643$3,960,976
X-17 Accounts payable and accrued expensesStart of year $1,745$1,089
X-26 Total liabilitiesStart of year $8,945$1,089
X-27 Net assets without donor restrictionsStart of year $266,772$386,401
X-28 Net assets with donor restrictionsStart of year $2,692,926$3,573,486
X-32 Total net assets or fund balancesStart of year $2,959,698$3,959,887
X-33 Total liabilities and net assetsStart of year $2,968,643$3,960,976
Part XI · Reconciliation of net assets $3,959,887 net assets at year end
XI-1 Total revenue$932,392
XI-2 Total expenses$212,252
XI-3 Revenue less expenses$720,140
XI-4 Net assets at start of year$2,959,698
XI-5 Net unrealized gains (losses) on investments$280,049
XI-10 Net assets at end of year$3,959,887

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.