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Nonprofit · EIN 42-1495980

COMMUNITY FOUNDATION OF GREATER MUSCATINE

Tax-exempt · MUSCATINE, IA 52761

Financials

$13.2M$4.8M2023$18.2M$6.9M2024
Revenue Expenses · by fiscal year end
Financials of COMMUNITY FOUNDATION OF GREATER MUSCATINE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$18,241,774$6,947,182$11,294,592$93,362,938$8,141,035$85,221,903
December 31, 2023990$13,198,616$4,824,128$8,374,488$76,813,705$5,321,681$71,492,024
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$14,916,543
of which government grants
$4,663,090
Program service revenue
$0
Investment income
$3,129,342
Net rental income
$189,000
Net gain from sales of assets
$421,759
Other revenue
$195,889

Expenses

Grants and similar amounts paid
$2,429,603
Compensation of officers, directors and key employees
$122,500
Other salaries and wages
$641,024
Salaries, compensation and benefits (total)
$934,915
Professional fundraising fees
$0
Accounting fees
$34,389
Occupancy
$34,200
Depreciation
$134,759
Program services (functional)
$5,575,123
Management and general (functional)
$1,372,059

Balance sheet and other

Total assets, start of year
$76,813,705
Total assets, end of year
$93,362,938
Total liabilities, end of year
$8,141,035
Net assets, end of year
$85,221,903
Land, buildings and equipment
$1,119,986
Publicly traded securities
$57,446,980
Net assets without donor restrictions
$21,552,158
Net assets with donor restrictions
$63,669,745
Gross receipts
$21,426,122
Employees
20
Volunteers
214
Year formed
1999
State of legal domicile
IA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
CHARLA SCHAFERPRESIDENT
Officer
40$122,500$35,620
BRANDON BULLOCKBOARD MEMBER
Trustee or director, Officer
1$0$0
NAOMI DEWINTERBOARD MEMBER
Trustee or director
1$0$0
RICH DWYERCHAIRMAN
Trustee or director, Officer
1$0$0
ANGELA JOHNSONBOARD MEMBER
Trustee or director
1$0$0
CINDY MAYSBOARD MEMBER
Trustee or director, Officer
1$0$0
BRETT NELSONBOARD MEMBER
Trustee or director, Officer
1$0$0
RACHEL POHLBOARD MEMBER
Trustee or director
1$0$0
KEITH PORTERBOARD MEMBER
Trustee or director
1$0$0
JODI ROYAL-GOODWINBOARD MEMBER
Trustee or director
1$0$0
DAN STEINBOARD MEMBER
Trustee or director
1$0$0
JESSICA SUSIEBOARD MEMBER
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensationOther / benefits
CHARLA SCHAFERPRESIDENT
Officer
40$118,038$34,424
BRANDON BULLOCKBOARD MEMBER
Trustee or director
1$0$0
NAOMI DEWINTERBOARD MEMBER
Trustee or director
1$0$0
RICH DWYERCHAIRMAN
Trustee or director, Officer
1$0$0
ANGELA JOHNSONBOARD MEMBER
Trustee or director
1$0$0
CINDY MAYSBOARD MEMBER
Trustee or director
1$0$0
BRETT NELSONBOARD MEMBER
Trustee or director
1$0$0
RACHEL POHLBOARD MEMBER
Trustee or director
1$0$0
KEITH PORTERBOARD MEMBER
Trustee or director
1$0$0
JODI ROYAL-GOODWINBOARD MEMBER
Trustee or director
1$0$0
DAN STEINBOARD MEMBER
Trustee or director
1$0$0
JESSICA SUSIEBOARD MEMBER
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
215 W MISSISSIPPI DR, MUSCATINE, IA 52761-3712
Principal officer (990 for 2024)
CHARLA SCHAFER, 215 WEST MISSISSIPPI, MUSCATINE, IA 52761
Signed the 990
RICH DWYER, CHAIRMAN
Phone
(563) 264-3863
Return prepared by
ANDERSON LOWER WHITLOW PC

Mission

THE COMMUNITY FOUNDATION OF GREATER MUSCATINE'S MISSION IS TO ACTIVELY WORK TO IMPROVE THE QUALITY OF LIFE IN MUSCATINE COUNTY THROUGH PHILANTHROPY.

990 for the year ended December 31, 2024

Program accomplishments

  • GRANTS AND DONATIONS MADE TO CHARITABLE ORGANIZATIONS WITHIN THE GREATER MUSCATINE AREA WHICH PROMOTES THE EXEMPT PURPOSE OF THE ORGANIZATION. THE FOUNDATION ALSO PROVIDES POST-SECONDARY SCHOLARSHIPS FOR STUDENTS WHO ATTEND AREA HIGH SCHOOLS AND MUSCATINE COMMUNITY COLLEGE.
    Expenses $5,575,123 · grants $2,429,603

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
42-1495980
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2000
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$93,362,938
Income (IRS master file)
$21,426,122

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$18,241,774$6,947,182$93,362,938XML
990December 2023$13,198,616$4,824,128$76,813,705XML
990December 2022$4,985,991$4,402,843$58,388,394IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-1495980).

Questions about COMMUNITY FOUNDATION OF GREATER MUSCATINE

What is the EIN of COMMUNITY FOUNDATION OF GREATER MUSCATINE?
The employer identification number (EIN) of COMMUNITY FOUNDATION OF GREATER MUSCATINE is 42-1495980.
Is COMMUNITY FOUNDATION OF GREATER MUSCATINE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
Are donations to COMMUNITY FOUNDATION OF GREATER MUSCATINE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does COMMUNITY FOUNDATION OF GREATER MUSCATINE file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of COMMUNITY FOUNDATION OF GREATER MUSCATINE due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did COMMUNITY FOUNDATION OF GREATER MUSCATINE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of COMMUNITY FOUNDATION OF GREATER MUSCATINE?
The 990 for the year ended December 31, 2024 names CHARLA SCHAFER.
Who are the officers and directors of COMMUNITY FOUNDATION OF GREATER MUSCATINE?
The 990 for the year ended December 31, 2024 lists 12 people; 1 received compensation from the organization, the highest $122,500 (CHARLA SCHAFER, PRESIDENT).
How much revenue does COMMUNITY FOUNDATION OF GREATER MUSCATINE have?
On its 990 for the year ended December 31, 2024 it reported revenue of $18,241,774, expenses of $6,947,182 and total assets of $93,362,938 at year end.

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