Foundation 2 INC FY2023 filing

Tax-deductible

Cedar Rapids, IA501(c)(3)Since 1970EIN 42-1078444Revenue $12.7M in FY2023

On file with the IRSfoundation2.org305 2nd Ave Se, 52401-1207 · Cedar Rapids, IATax-exempt since Dec 1977Publicly supported charity — 170(b)(1)(A)(vi)

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To be a trusted, compassionate resource for people in crisis by offering counseling, safety and support during difficult times.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$503K 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

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
5 of 5
filings with a surplus
Average surplus $2.0M a year · 19% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$503K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$406K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$12.7M
+48% vs prior year
Spent
$8.6M
To programs
87%
Net assets
$8.8M
By yearFY2021–FY2025
Revenue
$12.7M
FY2023▲ +48%
Tap a bar for its year
Revenue by fiscal year
FY2021$6.7M
FY2022$8.5M
FY2023$12.7M
FY2024$12.0M
FY2025$11.8M
Expenses
$8.6M
FY2023▲ +28%
Tap a bar for its year
Expenses by fiscal year
FY2021$5.5M
FY2022$6.7M
FY2023$8.6M
FY2024$9.8M
FY2025$11.3M
Net assets
$8.8M
FY2023▲ +56%
Tap a bar for its year
Net assets by fiscal year
FY2021$4.1M
FY2022$5.7M
FY2023$8.8M
FY2024$11.0M
FY2025$11.6M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1977.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $7.4M Management & general 11% · $981K Fundraising 2% · $159K

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

20 people listed on the 990; $503K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Chief Exec.
$160,592Pt VII · Sec A
Chief Oper.
$126,402Pt VII · Sec A
Chief Fin. O
$112,834Pt VII · Sec A
Chief Dev.
$102,863Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Emily Blomme$187,784$171,724$160,592$142,480$132,940
Erin Langdon$146,060$140,259$126,402$57,156—
Matt Heinricy$133,330$127,897$112,834$102,423$65,992
Katie Curtis$116,755$111,497$102,863$94,185$91,069
Sarah Nelson-Miller————$96,082

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

Offers counseling, safety, and support to people facing difficult times and crises.

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Provided by the organization

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3 programs · $6.4M · in their own filed words · FY2022
01

Mobile Crisis Outreach

Foundation 2 provides additional crisis services for the community including crisis walk-in counseling sessions and mobile crisis outreach in linn, benton, jones, delaware, bremer, buchanan, jackson, scott, clinton, cedar and muscatine counties.

$2.8Mprogram expense
02

Crisis Center Services

Foundation 2, inc. Provides 24-HOUR phone, chat, and text support 365 days a year for anyone in crisis or needing support. Foundation 2 trained counselors listen to the caller's concerns, assess the level of crisis and assess the suicidal risk.

$2.3Mprogram expense
03

Youth Shelter

Foundation 2, inc. Operates an emergency youth shelter licensed for 17 beds for youth between the ages of 11 to 17 who are experiencing homelessness, family conflict or human trafficking. The youth who stay at the shelter may self-refer for help or may be referred to us by the department of health and human services, juvenile court…

$1.3Mprogram 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$6K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$12.7M
Ln 12
Fees for servicesLn 2g$8.5M
Gifts and grantsLn 1h$4.1M
Investment incomeLn 3$75K
Money outPt IX
$8.6M
Ln 25
Programscol B$7.4M
Managementcol C$981K
Fundraisingcol D$159K
Owns and owesPt X
$8.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.8M
Total assetsLn 16$9.2M
LiabilitiesLn 26$406K
PeoplePt VI, VII
20
listed · VII A
PaidVII A4
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.1M
Government grantsLn 1e$1.5M
Fundraising eventsLn 1c$47K
Fees for servicesLn 2g$8.5M
Investment incomeLn 3$75K
Gains on assetsLn 7$8K
Total revenueLn 12$12.7M
Assets in detailPt X, end of year
SavingsLn 2$1.8M
Cash and savings togetherLn 1–2$1.8M
InvestmentsLn 11–13$1.8M
Land, buildings, equipmentLn 10c$2.7M
Other assetsLn 15$25K
Total assetsLn 16$9.2M
LiabilitiesLn 26$406K
Net assetsLn 32$8.8M
OperationsPt I, VI
EmployeesI 5190
VolunteersI 660
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$1.6M$1.8M
InvestmentsLn 11–13$1.8M$1.8M
Land, buildings, equipmentLn 10c$488K$2.7M
Total assetsLn 16$6.2M$9.2M
LiabilitiesLn 26$495K$406K
Net assetsLn 32$5.7M$8.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$569K$140K$315K$114K
Other salaries and wagesLn 7$4.6M$4.4M$252K
Pension plan contributionsLn 8$59K$55K$4K
Other employee benefitsLn 9$1.1M$989K$65K$11K
Payroll taxesLn 10$521K$467K$47K$7K
Accounting feesLn 11c$19K$19K
Investment management feesLn 11f$7K$7K
Other fees for servicesLn 11g$29K$14K$15K
Advertising and promotionLn 12$78K$56K$13K$10K
Office expensesLn 13$139K$114K$16K$9K
Information technologyLn 14$266K$225K$39K$2K
OccupancyLn 16$274K$186K$82K$6K
TravelLn 17$148K$133K$14K$300
Conferences, conventions and meetingsLn 19$42K$38K$4K$164
Depreciation, depletion and amortizationLn 22$108K$78K$30K
InsuranceLn 23$39K$33K$6K$201
Other expenses (24a–d)Ln 24$579K$524K$55K$507
All other expensesLn 24e$3K$2K$2K
Total functional expensesLn 25$8.6M$7.4M$981K$159K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $11.8M$11.3M$509K$11.6M 990 PDF
FY2024 $12.0M$9.8M$2.2M$11.0M 990 PDF
FY2023 Viewing $12.7M$8.6M$4.1M$8.8M 990 PDF
FY2022 $8.5M$6.7M$1.8M$5.7M 990 PDF
FY2021 $6.7M$5.5M$1.1M$4.1M 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 $12,657,777 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,220,860$4,051,975
I-9 Program service revenuePrior year $6,293,131$8,538,837
I-10 Investment incomePrior year $46,318$74,701
I-11 Other revenuePrior year −$11,042−$7,736
I-12 Total revenuePrior year $8,549,267$12,657,777
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $5,355,716$6,836,473
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,354,215$1,730,837
I-18 Total expensesPrior year $6,709,931$8,567,310
I-19 Revenue less expensesPrior year $1,839,336$4,090,467
Part VI · Governance 13 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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 $12,657,777 across 10 lines filed
VIII-1a Federated campaigns$436,233
VIII-1c Fundraising events$47,147
VIII-1e Government grants$1,507,510
VIII-1f All other contributions, gifts and grants$2,061,085
VIII-1h Total contributions, gifts and grants$4,051,975
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,538,837$8,538,837
VIII-3 Investment incomeExcluded from tax $66,451$66,451
VIII-7 Net gain or loss on sales of assetsRelated to mission $8,250$8,250
VIII-8 Net income from fundraising eventsExcluded from tax −$7,736−$7,736
VIII-12 Total revenueRelated to mission $8,547,087 · Excluded from tax $58,715$12,657,777
Part IX · Statement of functional expenses $8,567,310 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $140,482 · Management $314,700 · Fundraising $113,640$568,822
IX-7 Other salaries and wagesPrograms $4,371,328 · Management $251,708$4,623,036
IX-8 Pension plan contributionsPrograms $55,071 · Management $4,099$59,170
IX-9 Other employee benefitsPrograms $989,455 · Management $64,631 · Fundraising $10,736$1,064,822
IX-10 Payroll taxesPrograms $466,641 · Management $47,130 · Fundraising $6,852$520,623
IX-11c Accounting feesManagement $18,700$18,700
IX-11f Investment management feesManagement $7,048$7,048
IX-11g Other fees for servicesPrograms $14,413 · Management $14,755$29,168
IX-12 Advertising and promotionPrograms $55,630 · Management $12,742 · Fundraising $9,721$78,093
IX-13 Office expensesPrograms $113,944 · Management $15,620 · Fundraising $9,131$138,695
IX-14 Information technologyPrograms $225,360 · Management $38,620 · Fundraising $1,549$265,529
IX-16 OccupancyPrograms $185,916 · Management $82,304 · Fundraising $6,000$274,220
IX-17 TravelPrograms $133,322 · Management $13,918 · Fundraising $300$147,540
IX-19 Conferences, conventions and meetingsPrograms $38,311 · Management $3,880 · Fundraising $164$42,355
IX-22 Depreciation, depletion and amortizationPrograms $78,107 · Management $29,642$107,749
IX-23 InsurancePrograms $33,096 · Management $5,641 · Fundraising $201$38,938
IX-24 Other expenses (24a–d)Programs $524,197 · Management $54,638 · Fundraising $507$579,342
IX-24e All other expensesPrograms $1,775 · Management $1,685$3,460
IX-25 Total functional expensesPrograms $7,427,048 · Management $981,461 · Fundraising $158,801$8,567,310
Part X · Balance sheet $9,236,818 assets, 15 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,636,491$1,800,450
X-3 Pledges and grants receivableStart of year $2,246,191$2,893,379
X-4 Accounts receivableStart of year $1$550
X-9 Prepaid expenses and deferred chargesStart of year $20,435$5,687
X-10c Land, buildings and equipment, netStart of year $487,524$2,680,410
X-11 Publicly traded securitiesStart of year $1,730,968$1,806,398
X-12 Other securitiesStart of year $25,388$24,972
X-15 Other assetsStart of year $18,024$24,972
X-16 Total assetsStart of year $6,165,403$9,236,818
X-17 Accounts payable and accrued expensesStart of year $494,803$405,787
X-26 Total liabilitiesStart of year $494,803$405,787
X-27 Net assets without donor restrictionsStart of year $4,492,884$7,341,318
X-28 Net assets with donor restrictionsStart of year $1,177,716$1,489,713
X-32 Total net assets or fund balancesStart of year $5,670,600$8,831,031
X-33 Total liabilities and net assetsStart of year $6,165,403$9,236,818
Part XI · Reconciliation of net assets $8,831,031 net assets at year end
XI-1 Total revenue$12,657,777
XI-2 Total expenses$8,567,310
XI-3 Revenue less expenses$4,090,467
XI-4 Net assets at start of year$5,670,600
XI-5 Net unrealized gains (losses) on investments−$30,036
XI-8 Prior period adjustments−$900,000
XI-10 Net assets at end of year$8,831,031

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

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