Serve the needs of Coe College as the sole ultimate beneficiary of the trusts. Provides for the transfer, use, benefit, management, expenditures & distribution of this property as Coe College shall from time to time determine to be for the best (continued on schedule o) interest and welfare of the students, faculty, staff personnel and alumni.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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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
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $209K a year · 21% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
6 mo
of spending, in cash
Plus $24.1M in investments, Pt X · Ln 11–13
Looks good: 5.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.3M
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 1 voting members
Concern: none of 1 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.2M
+23% vs prior year
Spent
$966K
To programs
94%
Net assets
$29.5M
By yearFY2020–FY2025
Revenue
$2.2M
FY2025▲ +23%
Tap a bar for its year
Revenue by fiscal year
FY2020−$1.7M
FY2021$2.4M
FY2022$1.0M
FY2023$370K
FY2024$1.8M
FY2025$2.2M
Expenses
$966K
FY2025▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$761K
FY2021$750K
FY2022$679K
FY2023$767K
FY2024$875K
FY2025$966K
Net assets
$29.5M
FY2025▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$24.5M
FY2021$29.1M
FY2022$25.5M
FY2023$26.3M
FY2024$27.5M
FY2025$29.5M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2013.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $906K Management & general 6% · $60K

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

1 person listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
See Coe College Group Exemption 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

Coe College Group Exemption is an education supporting organization based in Cedar Rapids, IA, formed in 2005.

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Provided by the organization

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3 programs · $906K · in their own filed words · FY2024
01

Providing for the transfer, use, benefit, management, expenditures & distribution of the racquet center building & property for such racquet sports, including racquetball, squash, tennis, platform tennis, aerobics and jogging and such other disciplines relating to proper health, life-styles and physical conditioning, as coe college shall…

$493Kprogram expense
02

Providing for the transfer, use, benefit, management, expenditures & distributions of the athletic facilities property as coe college shall from time to time determine to be for the best interest and welfare of the students, faculty and administrative personnel.

$248Kprogram expense
03

Providing for the transfer, use, benefit, management, expenditures & distribution of the alumni center building & property as coe college shall from time to time determine to be for the best interest and welfare of the students, faculty and administrative personnel.

$166Kprogram 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 · 6 grants · $2.4M · 2019–2024
Coe CollegeIA · FY2024$538,922
Coe CollegeIA · FY2023$409,694
Coe CollegeIA · FY2022$389,180
Coe CollegeIA · FY2021$290,560
Coe CollegeIA · FY2020$421,581
Coe CollegeIA · FY2019$324,339

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$2.2M
Ln 12
Investment incomeLn 3$2.1M
Fees for servicesLn 2g$50K
Other incomeLn 4–11$29K
Money outPt IX
$966K
Ln 25
Programscol B$906K
Managementcol C$60K
Owns and owesPt X
$29.5M
net assets · Ln 32
Cash and savingsLn 1–2$454K
Total assetsLn 16$30.8M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a1
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6K
Fees for servicesLn 2g$50K
Investment incomeLn 3$2.1M
Other incomeLn 4–11$29K
Gains on assetsLn 7$1.2M
Total revenueLn 12$2.2M
Assets in detailPt X, end of year
SavingsLn 2$454K
Cash and savings togetherLn 1–2$454K
InvestmentsLn 11–13$24.1M
Land, buildings, equipmentLn 10c$6.1M
Total assetsLn 16$30.8M
LiabilitiesLn 26$1.3M
Net assetsLn 32$29.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
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$469K$454K
InvestmentsLn 11–13$22.1M$24.1M
Land, buildings, equipmentLn 10c$5.4M$6.1M
Total assetsLn 16$28.2M$30.8M
LiabilitiesLn 26$682K$1.3M
Net assetsLn 32$27.5M$29.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$539K$539K
Investment management feesLn 11f$60K$60K
Office expensesLn 13$9K$9K
Depreciation, depletion and amortizationLn 22$154K$154K
Other expenses (24a–d)Ln 24$204K$204K
Total functional expensesLn 25$966K$906K$60K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.2M$966K$1.2M$29.5M 990 PDF
FY2024 $1.8M$875K$919K$27.5M 990 PDF
FY2023 $370K$767K−$397K$26.3M 990 PDF
FY2022 $1.0M$679K$324K$25.5M 990 PDF
FY2021 $2.4M$750K$1.7M$29.1M 990 PDF
FY2020 −$1.7M$761K−$2.5M$24.5M 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 O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $2,202,492 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,000$6,000
I-9 Program service revenuePrior year $35,248$50,416
I-10 Investment incomePrior year $1,723,871$2,116,636
I-11 Other revenuePrior year $32,526$29,440
I-12 Total revenuePrior year $1,794,645$2,202,492
I-13 Grants and similar amounts paidPrior year $409,694$538,922
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 $465,743$427,200
I-18 Total expensesPrior year $875,437$966,122
I-19 Revenue less expensesPrior year $919,208$1,236,370
Part VI · Governance 0 of 1 board members independent, 1 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members0
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 $2,202,492 across 8 lines filed
VIII-1f All other contributions, gifts and grants$6,000
VIII-1h Total contributions, gifts and grants$6,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $50,416$50,416
VIII-3 Investment incomeExcluded from tax $880,260$880,260
VIII-6 Net rental income or lossExcluded from tax $321$321
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,236,376$1,236,376
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $29,119$29,119
VIII-12 Total revenueRelated to mission $79,535 · Unrelated business $0 · Excluded from tax $2,116,957$2,202,492
Part IX · Statement of functional expenses $966,122 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $538,922$538,922
IX-11f Investment management feesManagement $60,043$60,043
IX-13 Office expensesPrograms $9,155$9,155
IX-22 Depreciation, depletion and amortizationPrograms $154,007$154,007
IX-24 Other expenses (24a–d)Programs $203,995$203,995
IX-25 Total functional expensesPrograms $906,079 · Management $60,043 · Fundraising $0$966,122
Part X · Balance sheet $30,762,228 assets, 14 lines filed
X-2 Savings and temporary cash investmentsStart of year $468,581$453,565
X-4 Accounts receivableStart of year $157,713$172,973
X-8 Inventories for sale or useStart of year $2,714$243
X-10c Land, buildings and equipment, netStart of year $5,440,177$6,068,822
X-11 Publicly traded securitiesStart of year $20,936,262$22,923,190
X-12 Other securitiesStart of year $1,206,506$1,143,435
X-16 Total assetsStart of year $28,211,953$30,762,228
X-17 Accounts payable and accrued expensesStart of year $1,746$560
X-25 Other liabilitiesStart of year $680,194$1,307,635
X-26 Total liabilitiesStart of year $681,940$1,308,195
X-27 Net assets without donor restrictionsStart of year $5,077,693$5,077,691
X-28 Net assets with donor restrictionsStart of year $22,452,320$24,376,342
X-32 Total net assets or fund balancesStart of year $27,530,013$29,454,033
X-33 Total liabilities and net assetsStart of year $28,211,953$30,762,228
Part XI · Reconciliation of net assets $29,454,033 net assets at year end
XI-1 Total revenue$2,202,492
XI-2 Total expenses$966,122
XI-3 Revenue less expenses$1,236,370
XI-4 Net assets at start of year$27,530,013
XI-5 Net unrealized gains (losses) on investments$687,650
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$29,454,033

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

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