Exceptional Persons Foundation EIN 42-1484814

Exceptional Persons Foundation FY2021 filing

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Connects people, creates opportunities, and nurtures growth for nonprofits assisting individuals with disabilities. For fiscal year 2021 it reported $325K in revenue, $540K in expenses, and $2.0M in net assets.Pt I

Type
Unknown exempt organization · Nonprofit
Location
Waterloo, IA
Filings
5 on file (2021–2021)
Revenue
$325KFY2021
Expenses
$540K
Net assets
$2.0M
People
14
Filings
5
Updates
0
More identity details & actions ⌄
EIN  42-1484814 Unknown exempt organization Waterloo, IA
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Connects people, creates opportunities, and nurtures growth for nonprofits assisting individuals with disabilities.
Leadership
Debra Jungling · Business Dir
Money in and out
$325K revenue, $540K expenses
Bottom line
-66% surplus margin
Reported financial activity · FY2021
Total revenue
$325K
Pt VIII · Ln 12
Total expenses
$540K
Pt IX · Ln 25
Net assets
$2.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$215K
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.07 Fundraising $0.16
Surplus margin
-66%
revenue over expenses, this year
Program spending
78%
of expenses reach programs

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$325K
FY2021
Expenses
$540K
FY2021
Total assets
$2.1M
FY2021
Total liabilities
$67K
FY2021
Total revenue
$325K
Pt VIII · Ln 12
Total expenses
$540K
Pt IX · Ln 25
Net assets
$2.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$215K
Total assetsPt X · Ln 16$2.1M
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413
Mission & Programs · Part III

Where the work happens

2 program services account for $419K of program spending, described in the organization's own filed words · FY2020.
01

Exceptional Persons, INC

Supporting nonprofit organizations whose mission is to assist individuals with mental and physical disabilities.

$412Kprogram expense
02

Essential Needs

Supplying groceries, medications, clothing, emergency child care, rent assistance and other assistance to persons in need.

$7Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CExceptional Persons Foundation
EINHdr · item D42-1484814
Principal addressHdr · item CWaterloo, IA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Business Dir
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Past Preside
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Investment income$190K · 58%
Contributions & grants$136K · 42%
Investment income58%$190K
Contributions & grants42%$136K
Total revenueLn 12$325K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.07 Fundraising $0.16
Program services78%$419K
Management & general7%$36K
Fundraising16%$86K
Total functional expensesLn 25$540K

Balance Sheet

Part X · end of year
CashLn 1$33K
Total assetsLn 16$2.1M
Total liabilitiesLn 26$67K
Total net assetsLn 32$2.0M
Months of cash on handcomputed0.7

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.0M · Operating expenses/yr $540K
44.8 months
Where the money goes
Program services
Program services $419K · Total expenses $540K
78%
Management & General
Management & general $36K · Total expenses $540K
7%
Fundraising
Fundraising $86K · Total expenses $540K
16%
Cost to raise $1
Fundraising expense $86K · Solicited contributions $136K
$0.63 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $136K · Total revenue $325K
42%
Government reliance
Government grants — · Total revenue $325K
Earned-income share
Program service revenue $0 · Total revenue $325K
0%
Investment reliance
Investment income $190K · Total revenue $325K
+58%
Program self-sufficiency
Program service revenue $0 · Total expenses $540K
0%
Growth & trend
Revenue growth (YoY)
This year $325K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $2.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $325K · Expenses $540K
-66%
Liabilities-to-Assets
Total liabilities — · Total assets $2.1M
Net-asset ratio
Net assets $2.0M · Total assets $2.1M
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $2.0M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.1M
95%
People & payroll
Highest Reported Total Compensation
Individual Debra Jungling · Reported title BUSINESS DIR · Highest reported compensation $0 · Total expenses $540K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $540K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 78%
Overhead ratio 7%
Fundraising cost ratio 63%
Investment management fee ratio 0.7%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 7 grants · $702K · 2020–2024
Exceptional Persons INCIA · FY2024$42,258
Exceptional Persons INCIA · FY2023$33,963
Unitemized GrantFY2023$9,379
Exceptional Persons INCIA · FY2022$50,428
Exceptional Persons INCIA · FY2021$146,764
Exceptional Persons INCIA · FY2020$411,795
Unitemized GrantFY2020$7,129

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$287K revenue · ⤓ 990 PDF
FY2024$264K revenue · ⤓ 990 PDF
FY2023$261K revenue · ⤓ 990 PDF
FY2022$362K revenue · ⤓ 990 PDF
FY2021$325K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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