Connectcr INC FY2021 filing

Tax-deductible

Cedar Rapids, IA501(c)(3)Arts & CultureEIN 82-3025860Revenue $1.3M in FY2021

On file with the IRSconnectcr.orgPo Box 11186, 52410-1186 · Cedar Rapids, IATax-exempt since Apr 2018Publicly supported charity — 170(b)(1)(A)(vi)

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Improve the quality of life in linn county and beyond by expanding connectivity for recreation, improving under-utilized community assets, leveraging flood mitigation, and creating an iconic symbol for the city.

501(c)(3) charity; gifts are tax-deductible.
17¢ of each $1 spent went to programs.
$13K 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $259K a year · 19% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
17%
of spending
Concern: 17% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$13K
to officers and key staff · 75% of spending
Concern: pay to officers and key staff is 75% of spending; over 30%.
Pt VII · Sec A
Cash reserves
3094 mo
of spending, in cash
Looks good: 3093.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3K
0.07% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
-18% vs prior year
Spent
$17K
To programs
17%
Net assets
$4.4M
By yearFY2020–FY2024
Revenue
$1.3M
FY2021▼ -18%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.6M
FY2021$1.3M
FY2022$2.4M
FY2023$1.0M
FY2024$313K
Expenses
$17K
FY2021▼ -73%
Tap a bar for its year
Expenses by fiscal year
FY2020$64K
FY2021$17K
FY2022$2.1M
FY2023$1.7M
FY2024$1.5M
Net assets
$4.4M
FY2021▲ +43%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.1M
FY2021$4.4M
FY2022$4.7M
FY2023$4.0M
FY2024$2.8M

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2018.

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

Where the money goes

17 cents of each dollar spent went to programs.

Program services 17% · $3K Management & general 63% · $11K Fundraising 20% · $3K

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

9 people listed on the 990; $13K paid to officers and key staff.

Part VII, Section A · reportable compensation
Director of Organizational
$12,876Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director, Ex-Officio
$0Pt VII · Sec A

Kraft Julie’s $9K as Director of Organizational is at the 7th percentile of top reported officer pay among 2216 $100K–1M arts & culture 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

NameFY2024FY2023FY2022FY2021FY2020
Julie Kraft———$12,876$22,037
Kraft Julie$9,499$12,362$4,967——

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.

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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

Enhancing community life by improving recreation, assets, and flood mitigation for Linn County.

Questions for Connectcr INC

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Provided by the organization

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1 program · $3K · in their own filed words · FY2021
01

Connectcr will improve the quality of life in linn county and beyond by expanding connectivity for recreation, improving under-utilized community assets, leveraging flood mitigation, and creating an iconic symbol for the city.

$3Kprogram 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 1 funder$15K
Grants paid · 3 grants · $4.3M · 2022–2024
City of Cedar RapidsFY2024$1,440,000
City of Cedar RapidsFY2023$1,440,000
City of Cedar RapidsFY2022$1,440,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Gifts and grantsLn 1h$1.3M
Investment incomeLn 3$24K
Money outPt IX
$17K
Ln 25
Programscol B$3K
Managementcol C$11K
Fundraisingcol D$3K
Owns and owesPt X
$4.4M
net assets · Ln 32
Cash and savingsLn 1–2$4.4M
Total assetsLn 16$4.4M
LiabilitiesLn 26$3K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Noncash giftsLn 1g$192
Investment incomeLn 3$24K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$5K
SavingsLn 2$4.4M
Cash and savings togetherLn 1–2$4.4M
Total assetsLn 16$4.4M
LiabilitiesLn 26$3K
Net assetsLn 32$4.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 612
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$3.1M$4.4M
Total assetsLn 16$3.1M$4.4M
LiabilitiesLn 26$2K$3K
Net assetsLn 32$3.1M$4.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$11K$3K$6K$3K
Management feesLn 11a$325$325
Accounting feesLn 11c$4K$4K
Advertising and promotionLn 12$608$608
Office expensesLn 13$329$329
Information technologyLn 14$221$221
OccupancyLn 16$118$118
Conferences, conventions and meetingsLn 19$35$35
Total functional expensesLn 25$17K$3K$11K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $313K$1.5M−$1.2M$2.8M 990 PDF
FY2023 $1.0M$1.7M−$716K$4.0M 990 PDF
FY2022 $2.4M$2.1M$338K$4.7M 990 PDF
FY2021 Viewing $1.3M$17K$1.3M$4.4M 990 PDF
FY2020 $1.6M$64K$1.6M$3.1M 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 FY2021 990 (6 parts)
Part I · Summary $1,335,443 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,606,177$1,311,062
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $16,716$24,381
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,622,893$1,335,443
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $22,037$11,328
I-16a Professional fundraising feesPrior year $14,532$0
I-17 Other expensesPrior year $27,790$5,787
I-18 Total expensesPrior year $64,359$17,115
I-19 Revenue less expensesPrior year $1,558,534$1,318,328
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
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
Part VIII · Statement of revenue $1,335,443 across 5 lines filed
VIII-1f All other contributions, gifts and grants$1,311,062
VIII-1g Noncash contributions (included above)$192
VIII-1h Total contributions, gifts and grants$1,311,062
VIII-3 Investment incomeExcluded from tax $24,381$24,381
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $24,381$1,335,443
Part IX · Statement of functional expenses $17,115 across 8 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $2,832 · Management $5,664 · Fundraising $2,832$11,328
IX-11a Management feesManagement $325$325
IX-11c Accounting feesManagement $4,151$4,151
IX-12 Advertising and promotionFundraising $608$608
IX-13 Office expensesManagement $329$329
IX-14 Information technologyManagement $221$221
IX-16 OccupancyManagement $118$118
IX-19 Conferences, conventions and meetingsPrograms $35$35
IX-25 Total functional expensesPrograms $2,867 · Management $10,808 · Fundraising $3,440$17,115
Part X · Balance sheet $4,412,235 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $250$5,085
X-2 Savings and temporary cash investmentsStart of year $3,092,055$4,407,150
X-16 Total assetsStart of year $3,092,305$4,412,235
X-17 Accounts payable and accrued expensesStart of year $1,548$3,150
X-26 Total liabilitiesStart of year $1,548$3,150
X-32 Total net assets or fund balancesStart of year $3,090,757$4,409,085
X-33 Total liabilities and net assetsStart of year $3,092,305$4,412,235
Part XI · Reconciliation of net assets $4,409,085 net assets at year end
XI-1 Total revenue$1,335,443
XI-2 Total expenses$17,115
XI-3 Revenue less expenses$1,318,328
XI-4 Net assets at start of year$3,090,757
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,409,085

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

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