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Gladbrook Community Foundation

Tax-deductible

Traer, IA501(c)(3)Since 2001Foundations & GrantmakersEIN 42-1520672Revenue $798K in FY2025

On file with the IRS611 2nd St, 50675-1230 · Traer, IATax-exempt since Dec 2001Publicly supported charity — 170(b)(1)(A)(vi)

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The organization's most significant activity is to receive and accept property exclusively for educational, cultural, charitable or benevolent purposes for the benefit of the residents of the Gladbrook, iowa metropolitan area in such a way that the quality of life in the area is enhanced

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
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
245 mo
of spending, in cash
Looks good: 244.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$798K
×40 vs prior year
Spent
$38K
To programs
100%
Net assets
$1.1M
By yearFY2020–FY2025
Revenue
$798K
FY2025▲ ×40
Tap a bar for its year
Revenue by fiscal year
FY2020$7K
FY2021$11K
FY2022$19K
FY2023$145K
FY2024$20K
FY2025$798K
Net assets
$1.1M
FY2025▲ +235%
Tap a bar for its year
Net assets by fiscal year
FY2020$163K
FY2021$169K
FY2022$183K
FY2023$309K
FY2024$322K
FY2025$1.1M

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2001.

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% · $38K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
Matt Gebel
Director
$0Pt VII · Sec A
Keith Sash
Director
$0Pt VII · Sec A
Mark Lowry
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Terry Schmitz
Vice-Chairman
$0Pt VII · Sec A
Trudi Scott
Secretary
$0Pt VII · Sec A
See Gladbrook Community Foundation 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

Gladbrook Community Foundation is a public foundation based in Traer, IA, formed in 2001.

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Provided by the organization

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1 program · $38K · in their own filed words · FY2025
01

The foundation was established to benefit citizens of gladbrook. The foundation is currently accepting donations to help various projects and organizations in the community including the crayon corner learning center, matchstick marvels, american legion post and the gladbrook corn carnival celebration.

$38Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $17K · 2025–2025
Individual RecipientFY2025$17,430

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$798K
Ln 12
Gifts and grantsLn 1h$761K
Investment incomeLn 3$37K
Money outPt IX
$38K
Ln 25
Programscol B$38K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$782K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$761K
Noncash giftsLn 1g$49K
Investment incomeLn 3$37K
Gains on assetsLn 7$14K
Total revenueLn 12$798K
Assets in detailPt X, end of year
CashLn 1$1
SavingsLn 2$782K
Cash and savings togetherLn 1–2$782K
InvestmentsLn 11–13$297K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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$251K$782K
InvestmentsLn 11–13$70K$297K
Total assetsLn 16$322K$1.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$322K$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$29K$29K
Investment management feesLn 11f$9K$9K
Advertising and promotionLn 12$625$625
Other expenses (24a–d)Ln 24$127$127
Total functional expensesLn 25$38K$38K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $798K$38K$760K$1.1M 990 PDF
FY2024 $20K$322K 990 PDF
FY2023 $145K$309K 990 PDF
FY2022 $19K$183K 990 PDF
FY2021 $11K$169K 990 PDF
FY2020 $7K$163K 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 $798,057 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,086$760,919
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $15,858$37,138
I-11 Other revenuePrior year $29$0
I-12 Total revenuePrior year $19,973$798,057
I-13 Grants and similar amounts paidPrior year $4,353$28,979
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 $3,181$9,337
I-18 Total expensesPrior year $7,534$38,316
I-19 Revenue less expensesPrior year $12,439$759,741
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $798,057 across 6 lines filed
VIII-1f All other contributions, gifts and grants$760,919
VIII-1g Noncash contributions (included above)$49,086
VIII-1h Total contributions, gifts and grants$760,919
VIII-3 Investment incomeRelated to mission $23,157$23,157
VIII-7 Net gain or loss on sales of assetsRelated to mission $13,981$13,981
VIII-12 Total revenueRelated to mission $37,138 · Unrelated business $0 · Excluded from tax $0$798,057
Part IX · Statement of functional expenses $38,316 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $28,979$28,979
IX-11f Investment management feesPrograms $8,585$8,585
IX-12 Advertising and promotionPrograms $625$625
IX-24 Other expenses (24a–d)Programs $127$127
IX-25 Total functional expensesPrograms $38,316 · Management $0 · Fundraising $0$38,316
Part X · Balance sheet $1,078,705 assets, 9 lines filed
X-1 Cash, non-interest-bearing$1
X-2 Savings and temporary cash investmentsStart of year $251,369$781,872
X-11 Publicly traded securitiesStart of year $70,274$296,832
X-16 Total assetsStart of year $321,643$1,078,705
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $142,681$906,189
X-28 Net assets with donor restrictionsStart of year $178,962$172,516
X-32 Total net assets or fund balancesStart of year $321,643$1,078,705
X-33 Total liabilities and net assetsStart of year $321,643$1,078,705
Part XI · Reconciliation of net assets $1,078,705 net assets at year end
XI-1 Total revenue$798,057
XI-2 Total expenses$38,316
XI-3 Revenue less expenses$759,741
XI-4 Net assets at start of year$321,643
XI-5 Net unrealized gains (losses) on investments−$2,679
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,078,705

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

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