Provide a lean, straightforward, and transparent conduit vehicle to those who wish to contribute resources for the betterment of the greater Waterloo, iowa Community and its citizens.

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
$58K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
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
6 of 6
filings with a surplus
Average surplus $1.1M a year · 62% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$58K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $3.0M in investments, Pt X · Ln 11–13
Fine: 0.2 months of spending in cash, plus $3.0M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $56K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$194K
6% of total assets
Looks good: liabilities are 6% 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
$1.2M
-26% vs prior year
Spent
$470K
To programs
73%
Net assets
$2.9M
By yearFY2020–FY2025
Revenue
$1.2M
FY2021▼ -26%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.7M
FY2021$1.2M
FY2022$953K
FY2023$1.2M
FY2024$1.8M
FY2025$3.4M
Expenses
$470K
FY2021▲ +53%
Tap a bar for its year
Expenses by fiscal year
FY2020$306K
FY2021$470K
FY2022$583K
FY2023$749K
FY2024$904K
FY2025$837K
Net assets
$2.9M
FY2021▲ +37%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.1M
FY2021$2.9M
FY2022$2.8M
FY2023$3.6M
FY2024$4.7M
FY2025$7.5M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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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 Jun 2015.

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

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $342K Management & general 23% · $107K Fundraising 5% · $21K

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

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Who runs it and what they're paid

17 people listed on the 990; $58K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$33,021Pt VII · Sec A
Exec. Director Thru October
$24,656Pt VII · Sec A
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Erin Tink’s $101K as Executive Di is at the 31st percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Erin Tink$101,215$96,871$92,735$88,022$33,021—
Michelle Teymeyer————$24,656$31,367

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Waterloo 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Distributes resources to benefit Waterloo, Iowa.

Questions for Waterloo Community Foundation

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Provided by the organization

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1 program · $342K · in their own filed words · FY2021
01

The foundation provides financial support, primarily for the needs of waterloo, from funds that are maintained and administered on behalf of multiple donors.

$342Kprogram 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 · FY2024
Total grants receivedfrom 3 funders$56K
See all 3 funders →
Grants paid · 43 grants · $803K · 2020–2025
Unitemized GrantFY2025$85,426
City of WaterlooFY2025$46,593
Close Up FoundationVA · FY2025$26,459
Sailor Nation INCIA · FY2025$24,112
Cedar Valley Hospice INCIA · FY2025$17,000
Inclusion Connection INCIA · FY2025$12,000
Grout Museum INCIA · FY2025$5,750
Unitemized GrantFY2024$103,289
Gallagher Bluedorn Performing ArtsFY2024$7,500
See all 43 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$1.1M
Investment incomeLn 3$129K
Fees for servicesLn 2g$30K
Money outPt IX
$470K
Ln 25
Programscol B$342K
Managementcol C$107K
Fundraisingcol D$21K
Owns and owesPt X
$2.9M
net assets · Ln 32
Cash and savingsLn 1–2$8K
Total assetsLn 16$3.1M
LiabilitiesLn 26$194K
PeoplePt VI, VII
17
listed · VII A
PaidVII A2
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Noncash giftsLn 1g$106K
Fees for servicesLn 2g$30K
Investment incomeLn 3$129K
Other incomeLn 4–11$200
Gains on assetsLn 7$104K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$8K
Cash and savings togetherLn 1–2$8K
InvestmentsLn 11–13$3.0M
Total assetsLn 16$3.1M
LiabilitiesLn 26$194K
Net assetsLn 32$2.9M
OperationsPt I, VI
EmployeesI 53
VolunteersI 665
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 FY21End FY21
Cash and savingsLn 1–2$11K$8K
InvestmentsLn 11–13$2.3M$3.0M
Total assetsLn 16$2.3M$3.1M
LiabilitiesLn 26$169K$194K
Net assetsLn 32$2.1M$2.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$242K$242K
Grants to domestic individualsLn 2$57K$57K
Pay of current officers, directors and key staffLn 5$58K$35K$14K$9K
Other salaries and wagesLn 7$9K$9K
Payroll taxesLn 10$5K$3K$2K$656
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$7K$7K
Investment management feesLn 11f$13K$13K
Advertising and promotionLn 12$11K$4K$3K$4K
Office expensesLn 13$13K$433$8K$5K
OccupancyLn 16$8K$8K
TravelLn 17$5K$5K
Conferences, conventions and meetingsLn 19$25$25
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$33K$30K$3K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$470K$342K$107K$21K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $3.4M$837K$2.6M$7.5M 990 PDF
FY2024 $1.8M$904K$911K$4.7M 990 PDF
FY2023 $1.2M$749K$448K$3.6M 990 PDF
FY2022 $953K$583K$370K$2.8M 990 PDF
FY2021 Viewing $1.2M$470K$750K$2.9M 990 PDF
FY2020 $1.7M$306K$1.3M$2.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $1,220,134 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,623,065$1,060,226
I-9 Program service revenuePrior year $5,218$30,320
I-10 Investment incomePrior year $27,955$129,388
I-11 Other revenuePrior year $0$200
I-12 Total revenuePrior year $1,656,238$1,220,134
I-13 Grants and similar amounts paidPrior year $218,841$299,839
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $43,983$71,455
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $43,588$98,500
I-18 Total expensesPrior year $306,412$469,794
I-19 Revenue less expensesPrior year $1,349,826$750,340
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-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,220,134 across 7 lines filed
Lines not itemized here account for $200 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$1,060,226
VIII-1g Noncash contributions (included above)$106,145
VIII-1h Total contributions, gifts and grants$1,060,226
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $30,320$30,320
VIII-3 Investment incomeExcluded from tax $25,460$25,460
VIII-7 Net gain or loss on sales of assetsExcluded from tax $103,928$103,928
VIII-12 Total revenueRelated to mission $30,520 · Unrelated business $0 · Excluded from tax $129,388$1,220,134
Part IX · Statement of functional expenses $469,794 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $242,458$242,458
IX-2 Grants to domestic individualsPrograms $57,381$57,381
IX-5 Pay of current officers, directors and key staffPrograms $34,684 · Management $14,419 · Fundraising $8,574$57,677
IX-7 Other salaries and wagesManagement $8,700$8,700
IX-10 Payroll taxesPrograms $2,653 · Management $1,769 · Fundraising $656$5,078
IX-11b Legal feesManagement $4,500$4,500
IX-11c Accounting feesManagement $7,014$7,014
IX-11f Investment management feesManagement $12,893$12,893
IX-12 Advertising and promotionPrograms $4,218 · Management $2,597 · Fundraising $4,058$10,873
IX-13 Office expensesPrograms $433 · Management $7,577 · Fundraising $4,618$12,628
IX-16 OccupancyManagement $8,425$8,425
IX-17 TravelManagement $4,716$4,716
IX-19 Conferences, conventions and meetingsManagement $25$25
IX-23 InsuranceManagement $3,109$3,109
IX-24 Other expenses (24a–d)Management $29,878 · Fundraising $3,439$33,317
IX-24e All other expensesManagement $1,000$1,000
IX-25 Total functional expensesPrograms $341,827 · Management $106,622 · Fundraising $21,345$469,794
Part X · Balance sheet $3,061,844 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $11,333$7,617
X-3 Pledges and grants receivable$48,100
X-11 Publicly traded securitiesStart of year $2,250,057$3,006,127
X-16 Total assetsStart of year $2,261,390$3,061,844
X-25 Other liabilitiesStart of year $168,977$193,851
X-26 Total liabilitiesStart of year $168,977$193,851
X-27 Net assets without donor restrictionsStart of year $2,092,413$2,867,993
X-32 Total net assets or fund balancesStart of year $2,092,413$2,867,993
X-33 Total liabilities and net assetsStart of year $2,261,390$3,061,844
Part XI · Reconciliation of net assets $2,867,993 net assets at year end
XI-1 Total revenue$1,220,134
XI-2 Total expenses$469,794
XI-3 Revenue less expenses$750,340
XI-4 Net assets at start of year$2,092,413
XI-5 Net unrealized gains (losses) on investments$25,240
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,867,993

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

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