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Kernels Foundation FY2020 filing

Tax-deductible

Cedar Rapids, IA501(c)(3)Foundations & Grantmakers EIN 42-1506142Revenue $26K in FY2020Latest return filed Feb 3, 2026

On file with the IRSCedar Rapids, IATax-exempt since Nov 2000Publicly supported charity — 170(b)(1)(A)(vi)

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The Kernels Foundation is an organization soliciting & collecting community contributions to be provided to qualified charitable organizations in the city of cedar rapids and linn county, IA, for their use in creating recreational facilities and programs.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 42-1506142) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $15K a year · 25% of revenue · last 6 filings
A surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
70%
of spending
70% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
38.7 mo
of spending, in cash
38.7 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $3K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$160K
146% of total assets
Liabilities are 146% of assets.
Pt X · Ln 26
Independent board members
9
of 9 voting members
9 of 9 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$26K
Spent
$34K
To programs
70%
Net assets
−$51K
By yearFY2020–FY2025
Revenue
$26K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$26K
FY2021$52K
FY2022$97K
FY2023$62K
FY2024$65K
FY2025$51K
Expenses
$34K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$34K
FY2021$25K
FY2022$37K
FY2023$49K
FY2024$55K
FY2025$67K
Net assets
−$51K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$51K
FY2021−$23K
FY2022$37K
FY2023$51K
FY2024$61K
FY2025$45K

From the FY2020 Form 990 (year ending October 2020) · see the original

990 PDF Support Claim
You’re viewing the FY2020 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 Nov 2000.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $24K Management & general 30% · $10K

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

Something off? Claim to add context

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Gayla Huston
Director
$0Pt VII · Sec A
Jan Kazimour
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Dana Nichols
President
$0Pt VII · Sec A
Tom Kelly
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Kernels Foundation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Collects community donations to fund recreational facilities and programs for local charities.

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1 program · $24K · in their own filed words · FY2019
01

Solicitation and collection of community contributions provided to the city of cedar rapids and qualified charitable organizations of linn county, ia for their use in creating recreational facilities and programs.

Form 990 Part III, line 4, FY2019. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 42-1506142) · Dispute this line
$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 · FY2023
Hills Bancorporation FoundatiionFY2023$3K
Total grants receivedfrom 1 funder$3K
Grants paid · 4 grants · $34K · 2021–2024
Prospect Meadows INCIA · FY2024$12,000
Prospect Meadows INCIA · FY2023$6,000
Colesburg CommunityFY2022$10,000
Prospect Meadows INCIA · FY2021$6,000

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$26K
Ln 12
Gifts and grantsLn 1h$13K
Fees for servicesLn 2g$12K
Other incomeLn 4–11$819
Money outPt IX
$34K
Ln 25
Programscol B$24K
Managementcol C$10K
Owns and owesPt X
−$51K
net assets · Ln 32
Cash and savingsLn 1–2$109K
Total assetsLn 16$109K
LiabilitiesLn 26$160K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$13K
Fees for servicesLn 2g$12K
Investment incomeLn 3$499
Other incomeLn 4–11$819
Total revenueLn 12$26K
Assets in detailPt X, end of year
CashLn 1$59K
SavingsLn 2$50K
Cash and savings togetherLn 1–2$109K
Total assetsLn 16$109K
LiabilitiesLn 26$160K
Net assetsLn 32−$51K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderOctober
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$117K$109K
Total assetsLn 16$117K$109K
LiabilitiesLn 26$160K$160K
Net assetsLn 32−$43K−$51K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$11K$11K
Grants to domestic individualsLn 2$2K$2K
Accounting feesLn 11c$1K$1K
InterestLn 20$7K$7K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$11K$11K$150
Total functional expensesLn 25$34K$24K$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Feb 3, 2026 $51K$67K−$16K$45K 990 PDF
FY2024Filed with the IRS Sep 12, 2025 $65K$55K$10K$61K 990 PDF
FY2023Filed with the IRS Mar 6, 2024 $62K$49K$14K$51K 990 PDF
FY2022Filed with the IRS Mar 15, 2023 $97K$37K$60K$37K 990 PDF
FY2021Filed with the IRS Mar 10, 2022 $52K$25K$28K−$23K 990 PDF
FY2020 ViewingFiled with the IRS Mar 11, 2021 $26K$34K−$8K−$51K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $26,078 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $520$12,760
I-9 Program service revenuePrior year $27,657$12,000
I-10 Investment incomePrior year $0$499
I-11 Other revenuePrior year $23,890$819
I-12 Total revenuePrior year $52,067$26,078
I-13 Grants and similar amounts paidPrior year $8,852$12,681
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 $25,127$21,227
I-18 Total expensesPrior year $33,979$33,908
I-19 Revenue less expensesPrior year $18,088−$7,830
Part VI · Governance 9 of 9 board members independent, 5 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $26,078 across 5 lines filed
Lines not itemized here account for $819 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$12,760
VIII-1h Total contributions, gifts and grants$12,760
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $12,000$12,000
VIII-3 Investment incomeRelated to mission $499$499
VIII-12 Total revenueRelated to mission $12,499 · Unrelated business $0 · Excluded from tax $819$26,078
Part IX · Statement of functional expenses $33,908 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $10,681$10,681
IX-2 Grants to domestic individualsPrograms $2,000$2,000
IX-11c Accounting feesManagement $1,140$1,140
IX-20 InterestManagement $7,440$7,440
IX-23 InsuranceManagement $1,497$1,497
IX-24 Other expenses (24a–d)Programs $11,000 · Management $150$11,150
IX-25 Total functional expensesPrograms $23,681 · Management $10,227 · Fundraising $0$33,908
Part X · Balance sheet $109,227 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $117,057$58,727
X-2 Savings and temporary cash investments$50,500
X-16 Total assetsStart of year $117,057$109,227
X-23 Secured mortgages and notes payableStart of year $160,000$160,000
X-26 Total liabilitiesStart of year $160,000$160,000
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year −$42,943−$50,773
X-32 Total net assets or fund balancesStart of year −$42,943−$50,773
X-33 Total liabilities and net assetsStart of year $117,057$109,227
Part XI · Reconciliation of net assets −$50,773 net assets at year end
XI-1 Total revenue$26,078
XI-2 Total expenses$33,908
XI-3 Revenue less expenses−$7,830
XI-4 Net assets at start of year−$42,943
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$50,773

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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