Overview
What is The Kernels Foundation?
The Kernels Foundation is a charitable organization situated in Cedar Rapids, Iowa. Its primary purpose is to gather community contributions, which are then distributed to eligible charitable organizations within the city and Linn County, with the aim of creating recreational facilities and programs for the local community. By fostering these initiatives, The Kernels Foundation seeks to enrich the lives of Cedar Rapids' citizens and those residing in the surrounding areas.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement, 63%)
The Kernels Foundation has received a two-star rating from Charity Navigator, indicating that it needs improvement in certain areas. The organization has a solid accountability and finance score of 63%, highlighting strengths such as a fully independent board and no material diversion of assets. This suggests a level of commitment to good governance, which is a positive aspect of their operations.
However, there are significant weaknesses that have affected their overall score. The foundation is lacking essential policies, including conflict of interest, whistleblower, and document retention policies. Additionally, their website does not list important documents such as their tax form, which are critical for transparency and accountability.
While the organization demonstrates a commendable program expense ratio of 76.28%, indicating efficient use of funds directed towards their mission, the absence of key accountability measures and missing documentation on their website raises concerns. Addressing these gaps is vital for improving their rating and fostering trust among donors and the community.
This AI summary has been generated from information found on Charity Navigator.
Is The Kernels Foundation legitimate?
The Kernels Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Kernels Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of The Kernels Foundation?
The Kernels Foundation's mission is centered around collecting community contributions and allocating them to eligible charitable organizations. This funding is utilized to establish recreational facilities and programs, thereby enriching the leisure experiences of the local community. By doing so, the organization aims to enhance the quality of life for the residents in the surrounding areas. The Kernels Foundation actively solicits and collects funds, which are then distributed to qualified charities in the city and Linn County, Iowa, for the creation of recreational facilities and programs.
Who is the CEO of The Kernels Foundation?
Dana Nichols is the Director of The Kernels Foundation.
What is the revenue of The Kernels Foundation?
The Kernels Foundation's revenue in 2022 was $97,126.
Who are the executives of The Kernels Foundation and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for The Kernels Foundation?
The Kernels Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Kernels Foundation
The Kernels Foundation, an organization dedicated to community involvement, aims to fulfill its mission by soliciting and gathering contributions from various sources. Its primary objective is to channel these collected funds to qualified charitable organizations within the city of Cedar Rapids and Linn County, Iowa. The ultimate goal is to utilize these resources in the creation of recreational facilities and programs for the benefit of the citizens in the surrounding areas. By doing so, The Kernels Foundation contributes to enhancing the quality of life and leisure activities for the community members, fostering a sense of unity and shared enjoyment.
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Impact
October, 2024
The Kernels Foundation significantly enhances the quality of life in Cedar Rapids and Linn County, Iowa, by mobilizing community contributions to develop recreational facilities and programs. Through its efforts, the foundation not only improves access to recreational opportunities but also fosters community engagement and collaboration among local organizations and residents. This initiative addresses the need for safe and accessible spaces where individuals and families can participate in sports, leisure activities, and community events, ultimately promoting physical health, social interaction, and a sense of belonging within the community. By focusing on creating these vital amenities, The Kernels Foundation plays a crucial role in enriching the lives of citizens and building a stronger, more connected community.
This information is meant to be a general summary of The Kernels Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $129
- Program Service Revenue: $12,000
- Gross Receipts: $101,018
Assets and Liabilities:
- Total Assets: $127,126
- Total Liabilities: $90,000
- Net Assets: $37,126
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$12,000
Organization Details
Founding Year
2000
Phone
(319) 363-3887Principal Officer
Dana Nichols
Main Address
PO BOX 2001, CEDAR RAPIDS, IA, 524062001
NTEE Category
Code: T12 - Philanthropy
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