The Cedar Falls Community Foundation inspires and connects individuals, families, and organizations to enhance our Community, support non-profits, elevate educational opportunities, and build legacies through philanthropy.

501(c)(3) charity; gifts are tax-deductible.
62¢ of each $1 spent went to programs.
Run by 25 volunteers and 3 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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 6
filings with a surplus
Average surplus $167K a year · 22% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$52K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
11 mo
of spending, in cash
Plus $9.4M in investments, Pt X · Ln 11–13
Looks good: 11.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $33K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.1M
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
-7% vs prior year
Spent
$589K
To programs
62%
Net assets
$9.1M
By yearFY2020–FY2025
Revenue
$1.1M
FY2025▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2020$277K
FY2021$844K
FY2022$602K
FY2023$685K
FY2024$1.1M
FY2025$1.1M
Expenses
$589K
FY2025▼ -15%
Tap a bar for its year
Expenses by fiscal year
FY2020$232K
FY2021$850K
FY2022$591K
FY2023$639K
FY2024$693K
FY2025$589K
Net assets
$9.1M
FY2025▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$8.1M
FY2021$8.6M
FY2022$6.7M
FY2023$7.5M
FY2024$8.0M
FY2025$9.1M

From the FY2025 Form 990 · 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 Aug 1978.

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

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $367K Management & general 34% · $198K Fundraising 4% · $24K

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

21 people listed on the 990; $52K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$51,600Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Sally Timmer’s $52K as Executive Director is at the 7th percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Sally Timmer$51,600$49,300$47,000$42,000$17,500—
Cyndi Sweet————$21,668$31,555

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 Foundation INC executive salaries →

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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

Supports cultural, scholarly, recreational, literary, and artistic projects.

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Provided by the organization

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1 program · $367K · in their own filed words · FY2025
01

The foundation administers grant funds created by individuals, families and organizations for the benefit of cedar falls organizations and civic institutions; makes grants in support of significant cedar falls capital projects; and serves fundraising needs for short term community projects.

$367Kprogram 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
Total grants receivedfrom 3 funders$33K
See all 3 funders →
Grants paid · 49 grants · $2.4M · 2020–2025
City of Cedar FallsFY2025$144,500
City of Cedar FallsFY2025$25,080
Community Main Street INCIA · FY2025$8,358
PTA Iowa CongressIA · FY2025$6,000
City of Cedar FallsFY2024$184,366
City of Cedar FallsFY2024$122,822
Community Main Street INCIA · FY2024$28,410
Exceptional Persons INCIA · FY2024$21,200
City of Cedar FallsFY2024$19,558
Cedar Falls LibraryFY2023$249,332
Cedar Falls LibraryFY2023$249,332
City of Cedar FallsFY2023$43,000
See all 49 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Investment incomeLn 3$540K
Gifts and grantsLn 1h$412K
Fees for servicesLn 2g$102K
Money outPt IX
$589K
Ln 25
Programscol B$367K
Managementcol C$198K
Fundraisingcol D$24K
Owns and owesPt X
$9.1M
net assets · Ln 32
Cash and savingsLn 1–2$553K
Total assetsLn 16$10.2M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
21
listed · VII A
PaidVII A1
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$412K
Fees for servicesLn 2g$102K
Investment incomeLn 3$540K
Gains on assetsLn 7$280K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
SavingsLn 2$553K
Cash and savings togetherLn 1–2$553K
InvestmentsLn 11–13$9.4M
Total assetsLn 16$10.2M
LiabilitiesLn 26$1.1M
Net assetsLn 32$9.1M
OperationsPt I, VI
EmployeesI 53
VolunteersI 625
Fiscal year endsHeaderDecember
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 FY25End FY25
Cash and savingsLn 1–2$663K$553K
InvestmentsLn 11–13$8.4M$9.4M
Total assetsLn 16$9.2M$10.2M
LiabilitiesLn 26$1.2M$1.1M
Net assetsLn 32$8.0M$9.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$331K$331K
Pay of current officers, directors and key staffLn 5$53K$13K$29K$10K
Other salaries and wagesLn 7$2K$2K
Payroll taxesLn 10$5K$1K$3K$842
Accounting feesLn 11c$13K$13K
Investment management feesLn 11f$41K$41K
Other fees for servicesLn 11g$500$500
Office expensesLn 13$21K$19K$2K$924
Information technologyLn 14$17K$13K$3K
Other expenses (24a–d)Ln 24$87K$87K
All other expensesLn 24e$19K$10K$9K
Total functional expensesLn 25$589K$367K$198K$24K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.1M$589K$465K$9.1M 990 PDF
FY2024 $1.1M$693K$442K$8.0M 990 PDF
FY2023 $685K$639K$47K$7.5M 990 PDF
FY2022 $602K$591K$11K$6.7M 990 PDF
FY2021 $844K$850K−$6K$8.6M 990 PDF
FY2020 $277K$232K$46K$8.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $1,054,471 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $351,653$411,715
I-9 Program service revenuePrior year $94,931$102,426
I-10 Investment incomePrior year $688,583$540,330
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,135,167$1,054,471
I-13 Grants and similar amounts paidPrior year $457,600$330,702
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $55,189$60,329
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $180,361$198,125
I-18 Total expensesPrior year $693,150$589,156
I-19 Revenue less expensesPrior year $442,017$465,315
Part VI · Governance 18 of 18 board members independent, no flags
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
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 $1,054,471 across 6 lines filed
VIII-1f All other contributions, gifts and grants$411,715
VIII-1h Total contributions, gifts and grants$411,715
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $102,426$102,426
VIII-3 Investment incomeExcluded from tax $260,117$260,117
VIII-7 Net gain or loss on sales of assetsExcluded from tax $280,213$280,213
VIII-12 Total revenueRelated to mission $102,426 · Unrelated business $0 · Excluded from tax $540,330$1,054,471
Part IX · Statement of functional expenses $589,156 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $330,702$330,702
IX-5 Pay of current officers, directors and key staffPrograms $13,480 · Management $29,231 · Fundraising $10,436$53,147
IX-7 Other salaries and wagesPrograms $2,464$2,464
IX-10 Payroll taxesPrograms $1,279 · Management $2,597 · Fundraising $842$4,718
IX-11c Accounting feesManagement $12,650$12,650
IX-11f Investment management feesManagement $41,404$41,404
IX-11g Other fees for servicesManagement $500$500
IX-13 Office expensesPrograms $19,046 · Management $1,529 · Fundraising $924$21,499
IX-14 Information technologyManagement $13,300 · Fundraising $3,254$16,554
IX-24 Other expenses (24a–d)Management $86,642$86,642
IX-24e All other expensesManagement $10,114 · Fundraising $8,762$18,876
IX-25 Total functional expensesPrograms $366,971 · Management $197,967 · Fundraising $24,218$589,156
Part X · Balance sheet $10,168,595 assets, 11 lines filed
X-2 Savings and temporary cash investmentsStart of year $663,425$553,370
X-3 Pledges and grants receivableStart of year $126,938$171,724
X-11 Publicly traded securitiesStart of year $8,377,342$9,443,501
X-16 Total assetsStart of year $9,167,705$10,168,595
X-17 Accounts payable and accrued expensesStart of year $931$8,320
X-18 Grants payableStart of year $229,500$332,000
X-26 Total liabilitiesStart of year $1,155,217$1,110,170
X-27 Net assets without donor restrictionsStart of year $1,693,537$1,988,624
X-28 Net assets with donor restrictionsStart of year $6,318,951$7,069,801
X-32 Total net assets or fund balancesStart of year $8,012,488$9,058,425
X-33 Total liabilities and net assetsStart of year $9,167,705$10,168,595
Part XI · Reconciliation of net assets $9,058,425 net assets at year end
XI-1 Total revenue$1,054,471
XI-2 Total expenses$589,156
XI-3 Revenue less expenses$465,315
XI-4 Net assets at start of year$8,012,488
XI-5 Net unrealized gains (losses) on investments$580,622
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$9,058,425

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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