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Grout Museum INC

Tax-deductible

Waterloo, IA501(c)(3)Arts & CultureEIN 42-1333059Revenue $1.7M in FY2025

On file with the IRSgroutmuseumdistrict.org503 South St, 50701-1517 · Waterloo, IATax-exempt since Nov 1993Publicly supported charity — 170(b)(1)(A)(vi)

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Provide funds to the h.w. Grout trust for operation of its museums in waterloo, iowa.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 16 volunteers.
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
4 of 6
filings with a surplus
Average surplus $130K a year · 10% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $206K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
+44% vs prior year
Spent
$909K
To programs
100%
Net assets
$802K
By yearFY2020–FY2025
Revenue
$1.7M
FY2025▲ +44%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.2M
FY2021$1.2M
FY2022$1.5M
FY2023$1.3M
FY2024$1.2M
FY2025$1.7M
Expenses
$909K
FY2025▼ -20%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.0M
FY2021$1.2M
FY2022$810K
FY2023$2.2M
FY2024$1.1M
FY2025$909K
Net assets
$802K
FY2025▲ ×18
Tap a bar for its year
Net assets by fiscal year
FY2020$183K
FY2021$159K
FY2022$872K
FY2023$19K
FY2024$43K
FY2025$802K

From the FY2025 Form 990 (year ending June 2025) · 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 Nov 1993.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $909K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

18 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Mary Potter
Vice-President
$0Pt VII · Sec A
Steve Schmitt
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Nia Wilder
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Henry Bevel
Director
$0Pt VII · Sec A
See Grout Museum 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 15aNo

Programs and updates

Funds museums in Waterloo, Iowa for their operations.

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Provided by the organization

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1 program · $909K · in their own filed words · FY2024
01

Grout museum, inc. Provided funding to the H.W. Grout trust for operations of its museums in waterloo, iowa. The museums served approximately 50,000 people during the year ended june 30, 2025.

$909Kprogram 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 · FY2025
Black Hawk County Gaming AssociationFY2025$200K
Waterloo Community FoundationFY2025$6K
Total grants receivedfrom 2 funders$206K
Grants paid · 6 grants · $7.2M · 2019–2024
H W Grout TrustIA · FY2024$909,209
H W Grout TrustIA · FY2023$1,130,692
H W Grout TrustIA · FY2022$2,183,410
H W Grout TrustIA · FY2021$810,023
H W Grout TrustIA · FY2020$1,198,993
H W Grout TrustIA · FY2019$1,002,673

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.7M
Ln 12
Gifts and grantsLn 1h$1.7M
Money outPt IX
$909K
Ln 25
Programscol B$909K
Owns and owesPt X
$802K
net assets · Ln 32
Cash and savingsLn 1–2$60K
Total assetsLn 16$802K
LiabilitiesLn 26$0
PeoplePt VI, VII
18
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.7M
Government grantsLn 1e$1.3M
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$60K
Cash and savings togetherLn 1–2$60K
Total assetsLn 16$802K
LiabilitiesLn 26$0
Net assetsLn 32$802K
OperationsPt I, VI
EmployeesI 50
VolunteersI 616
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 FY25End FY25
Cash and savingsLn 1–2$38K$60K
Total assetsLn 16$43K$802K
LiabilitiesLn 26$0$0
Net assetsLn 32$43K$802K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$909K$909K
All other expensesLn 24e$110$110
Total functional expensesLn 25$909K$909K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.7M$909K$758K$802K 990 PDF
FY2024 $1.2M$1.1M$24K$43K 990 PDF
FY2023 $1.3M$2.2M−$853K$19K 990 PDF
FY2022 $1.5M$810K$714K$872K 990 PDF
FY2021 $1.2M$1.2M−$25K$159K 990 PDF
FY2020 $1.2M$1.0M$161K$183K 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 FY2025 990 (6 parts)
Part I · Summary $1,667,676 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,154,733$1,667,676
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,154,733$1,667,676
I-13 Grants and similar amounts paidPrior year $1,130,692$909,209
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$110
I-18 Total expensesPrior year $1,130,692$909,319
I-19 Revenue less expensesPrior year $24,041$758,357
Part VI · Governance 15 of 15 board members independent, 1 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $1,667,676 across 4 lines filed
VIII-1e Government grants$1,254,804
VIII-1f All other contributions, gifts and grants$412,872
VIII-1h Total contributions, gifts and grants$1,667,676
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$1,667,676
Part IX · Statement of functional expenses $909,319 across 2 lines filed
IX-1 Grants to domestic organizationsPrograms $909,209$909,209
IX-24e All other expensesPrograms $110$110
IX-25 Total functional expensesPrograms $909,319 · Management $0 · Fundraising $0$909,319
Part X · Balance sheet $801,734 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $38,377$59,920
X-4 Accounts receivableStart of year $5,000$741,814
X-16 Total assetsStart of year $43,377$801,734
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $43,377$66,408
X-28 Net assets with donor restrictions$735,326
X-32 Total net assets or fund balancesStart of year $43,377$801,734
X-33 Total liabilities and net assetsStart of year $43,377$801,734
Part XI · Reconciliation of net assets $801,734 net assets at year end
XI-1 Total revenue$1,667,676
XI-2 Total expenses$909,319
XI-3 Revenue less expenses$758,357
XI-4 Net assets at start of year$43,377
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$801,734

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

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