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Kernels Foundation FY2021 filing

Tax-deductible

Cedar Rapids, IA501(c)(3)Foundations & Grantmakers EIN 42-1506142Revenue $52K in FY2021Latest 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, FY2021. 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.
59¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
59%
of spending
59% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
52.4 mo
of spending, in cash
52.4 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
$130K
122% of total assets
Liabilities are 122% 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
$52K
+100% vs prior year
Spent
$25K
To programs
59%
Net assets
−$23K
By yearFY2020–FY2025
Revenue
$52K
FY2021▲ +100%
Tap a bar for its year
Revenue by fiscal year
FY2020$26K
FY2021$52K
FY2022$97K
FY2023$62K
FY2024$65K
FY2025$51K
Expenses
$25K
FY2021▼ -28%
Tap a bar for its year
Expenses by fiscal year
FY2020$34K
FY2021$25K
FY2022$37K
FY2023$49K
FY2024$55K
FY2025$67K
Net assets
−$23K
FY2021▲ +55%
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 FY2021 Form 990 (year ending October 2021) · see the original

990 PDF Support Claim
You’re viewing the FY2021 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

59 cents of each dollar spent went to programs.

Program services 59% · $14K Management & general 41% · $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 · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$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 · $14K · in their own filed words · FY2020
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, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 42-1506142) · Dispute this line
$14Kprogram 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 FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$52K
Ln 12
Gifts and grantsLn 1h$42K
Other incomeLn 4–11$5K
Fees for servicesLn 2g$4K
Money outPt IX
$25K
Ln 25
Programscol B$14K
Managementcol C$10K
Owns and owesPt X
−$23K
net assets · Ln 32
Cash and savingsLn 1–2$107K
Total assetsLn 16$107K
LiabilitiesLn 26$130K
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$42K
Fees for servicesLn 2g$4K
Investment incomeLn 3$608
Other incomeLn 4–11$5K
Total revenueLn 12$52K
Assets in detailPt X, end of year
CashLn 1$56K
SavingsLn 2$51K
Cash and savings togetherLn 1–2$107K
Total assetsLn 16$107K
LiabilitiesLn 26$130K
Net assetsLn 32−$23K
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 FY21End FY21
Cash and savingsLn 1–2$109K$107K
Total assetsLn 16$109K$107K
LiabilitiesLn 26$160K$130K
Net assetsLn 32−$51K−$23K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2K$2K
Grants to domestic individualsLn 2$2K$2K
Accounting feesLn 11c$1K$1K
InterestLn 20$7K$7K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$10K$10K
Total functional expensesLn 25$25K$14K$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
FY2021 ViewingFiled with the IRS Mar 10, 2022 $52K$25K$28K−$23K 990 PDF
FY2020Filed 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 FY2021 990
Part I · Summary $52,180 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $12,760$41,780
I-9 Program service revenuePrior year $12,000$4,451
I-10 Investment incomePrior year $499$608
I-11 Other revenuePrior year $819$5,341
I-12 Total revenuePrior year $26,078$52,180
I-13 Grants and similar amounts paidPrior year $12,681$4,344
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 $21,227$20,157
I-18 Total expensesPrior year $33,908$24,501
I-19 Revenue less expensesPrior year −$7,830$27,679
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 $52,180 across 5 lines filed
Lines not itemized here account for $5,341 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$41,780
VIII-1h Total contributions, gifts and grants$41,780
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,451$4,451
VIII-3 Investment incomeRelated to mission $608$608
VIII-12 Total revenueRelated to mission $5,059 · Unrelated business $0 · Excluded from tax $5,341$52,180
Part IX · Statement of functional expenses $24,501 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $2,344$2,344
IX-2 Grants to domestic individualsPrograms $2,000$2,000
IX-11c Accounting feesManagement $1,180$1,180
IX-20 InterestManagement $7,440$7,440
IX-23 InsuranceManagement $1,537$1,537
IX-24 Other expenses (24a–d)Programs $10,000$10,000
IX-25 Total functional expensesPrograms $14,344 · Management $10,157 · Fundraising $0$24,501
Part X · Balance sheet $106,906 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $58,727$55,799
X-2 Savings and temporary cash investmentsStart of year $50,500$51,107
X-16 Total assetsStart of year $109,227$106,906
X-23 Secured mortgages and notes payableStart of year $160,000$130,000
X-26 Total liabilitiesStart of year $160,000$130,000
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 −$50,773−$23,094
X-32 Total net assets or fund balancesStart of year −$50,773−$23,094
X-33 Total liabilities and net assetsStart of year $109,227$106,906
Part XI · Reconciliation of net assets −$23,094 net assets at year end
XI-1 Total revenue$52,180
XI-2 Total expenses$24,501
XI-3 Revenue less expenses$27,679
XI-4 Net assets at start of year−$50,773
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$23,094

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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