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Noble Initiative Foundation

Tax-deductible

Griswold, IA501(c)(3)EducationEIN 84-2022262Revenue $1.5M in FY2023

On file with the IRSnobleinitiativefoundation.org62837 Seattle Rd, 51535-6629 · Griswold, IATax-exempt since Mar 2020Publicly supported charity — 170(b)(1)(A)(vi)

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The mission of the organization is to impact families in the griswold and surrounding communities by providing a quality child care center, support for a strong school system, an increase in local workfoce, and affordable housing.

501(c)(3) charity; gifts are tax-deductible.
Run by 55 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2023 · 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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $1.2M a year · 96% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
26 mo
of spending, in cash
Looks good: 26.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $12K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$514K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
-22% vs prior year
Spent
$49K
To programs
0%
Net assets
$3.7M
By yearFY2021–FY2023
Revenue
$1.5M
FY2023▼ -22%
Tap a bar for its year
Revenue by fiscal year
FY2021$364K
FY2022$2.0M
FY2023$1.5M
Expenses
$49K
FY2023▼ -10%
Tap a bar for its year
Expenses by fiscal year
FY2021$36K
FY2022$55K
FY2023$49K
Net assets
$3.7M
FY2023▲ +66%
Tap a bar for its year
Net assets by fiscal year
FY2021$329K
FY2022$2.2M
FY2023$3.7M

From the FY2023 Form 990 · 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: FY2023. IRS ruling in Mar 2020.

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

Where the money goes

What each dollar paid for.

Management & general 91% · $45K Fundraising 9% · $4K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation
Jared Wyman
President
$0Pt VII · Sec A
Steve Baier
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Sue Petersen
Board Member
$0Pt VII · Sec A
Matt Leighton
Vice Preside
$0Pt VII · Sec A
Karla Wilson
Board Member
$0Pt VII · Sec A
Sue Mortensen
Board Member
$0Pt VII · Sec A
Barb Baier
Secretary
$0Pt VII · Sec A
See Noble Initiative 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 15aNo

Programs and updates

Supports families through childcare, education, workforce development, and affordable housing.

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Provided by the organization

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1 program · in their own filed words · FY2023
01

Purchase of building and land for the operation of a child care facility in griswold, iowa that will help families in griswold and surrounding communities by providing needed daycare and child development services. The facility will provide job opportunities and fill a big need in the community, county and surrounding areas.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Charles E Lakin Foundation INCFY2024$12K
Total grants receivedfrom 1 funder$12K

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.5M
Ln 12
Gifts and grantsLn 1h$1.5M
Investment incomeLn 3$1K
Money outPt IX
$49K
Ln 25
Managementcol C$45K
Fundraisingcol D$4K
Owns and owesPt X
$3.7M
net assets · Ln 32
Cash and savingsLn 1–2$107K
Total assetsLn 16$4.2M
LiabilitiesLn 26$514K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Government grantsLn 1e$1.0M
Investment incomeLn 3$1K
Gains on assetsLn 7−$2K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$107K
Cash and savings togetherLn 1–2$107K
InvestmentsLn 11–13$24K
Land, buildings, equipmentLn 10c$2.7M
Total assetsLn 16$4.2M
LiabilitiesLn 26$514K
Net assetsLn 32$3.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 655
Fiscal year endsHeaderDecember
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 FY23End FY23
Cash and savingsLn 1–2$912K$107K
InvestmentsLn 11–13$92K$24K
Land, buildings, equipmentLn 10c$2.7M
Total assetsLn 16$2.2M$4.2M
LiabilitiesLn 26$0$514K
Net assetsLn 32$2.2M$3.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$23K$23K
Payroll taxesLn 10$2K$2K
Accounting feesLn 11c$684$684
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$542$120$422
Information technologyLn 14$1K$1K
OccupancyLn 16$645$645
InterestLn 20$4K$4K
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$1K$1K
Total functional expensesLn 25$49K$0$45K$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $1.5M$49K$1.5M$3.7M 990 PDF
FY2022 $2.0M$55K$1.9M$2.2M 990 PDF
FY2021 $364K$36K$328K$329K 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 FY2023 990 (6 parts)
Part I · Summary $1,536,192 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,976,014$1,534,840
I-9 Program service revenue$0
I-10 Investment incomePrior year $2,811$1,352
I-11 Other revenuePrior year $2,475$0
I-12 Total revenuePrior year $1,981,300$1,536,192
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$25,072
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $55,109$24,330
I-18 Total expensesPrior year $55,109$49,402
I-19 Revenue less expensesPrior year $1,926,191$1,486,790
Part VI · Governance 7 of 7 board members independent, 5 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $1,536,192 across 6 lines filed
VIII-1e Government grants$1,000,000
VIII-1f All other contributions, gifts and grants$534,840
VIII-1h Total contributions, gifts and grants$1,534,840
VIII-3 Investment incomeRelated to mission $3,072$3,072
VIII-7 Net gain or loss on sales of assetsRelated to mission −$1,720−$1,720
VIII-12 Total revenueRelated to mission $1,352$1,536,192
Part IX · Statement of functional expenses $49,402 across 11 lines filed
IX-7 Other salaries and wagesManagement $23,290$23,290
IX-10 Payroll taxesManagement $1,782$1,782
IX-11c Accounting feesManagement $684$684
IX-11g Other fees for servicesManagement $1,950$1,950
IX-12 Advertising and promotionFundraising $2,555$2,555
IX-13 Office expensesManagement $120 · Fundraising $422$542
IX-14 Information technologyManagement $1,403$1,403
IX-16 OccupancyManagement $645$645
IX-20 InterestManagement $4,469$4,469
IX-23 InsuranceManagement $10,768$10,768
IX-24 Other expenses (24a–d)Fundraising $1,314$1,314
IX-25 Total functional expensesPrograms $0 · Management $45,111 · Fundraising $4,291$49,402
Part X · Balance sheet $4,245,371 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $912,202$107,208
X-3 Pledges and grants receivableStart of year $1,041,925$1,428,314
X-10c Land, buildings and equipment, net$2,685,643
X-11 Publicly traded securitiesStart of year $91,823$24,206
X-16 Total assetsStart of year $2,243,214$4,245,371
X-17 Accounts payable and accrued expenses$136,068
X-26 Total liabilitiesStart of year $0$514,068
X-27 Net assets without donor restrictionsStart of year $2,243,214$3,731,303
X-32 Total net assets or fund balancesStart of year $2,243,214$3,731,303
X-33 Total liabilities and net assetsStart of year $2,243,214$4,245,371
Part XI · Reconciliation of net assets $3,731,303 net assets at year end
XI-1 Total revenue$1,536,192
XI-2 Total expenses$49,402
XI-3 Revenue less expenses$1,486,790
XI-4 Net assets at start of year$2,243,214
XI-5 Net unrealized gains (losses) on investments$1,299
XI-10 Net assets at end of year$3,731,303

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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