Foundation 2 Inc

Nonprofit profile at a glance

EIN
421078444
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Cedar Rapids, IA, USA
Phone
3193621170
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$11,783,021
Expenses
$11,273,739
Assets
$12,113,410
Liabilities
$550,433

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

19 people listed

Executive titles in this filing

  • SAMANTHA MCGRANE (PRESIDENT)

Highest reported compensation

  • EMILY BLOMME (CHIEF EXEC.): $194,053 total reported compensation
  • ERIN LANGDON (CHIEF OPER.): $150,923 total reported compensation
  • MATT HEINRICY (CHIEF FIN. O): $143,126 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Foundation 2, inc. Is a not-for-profit human service agency that offers crisis prevention and intervention programs to people of all ages. We are committed to positive youth development, suicide prevention and helping build the foundation for stronger and healthier families and safer communities for everyone. The agency was established in 1970 by a group of cedar rapids area college and high school volunteers who believed that critical mental and emotional health issues of the day were not being addressed by mainstream providers. Fifty years later that grassroots spirit of helping others in need still underlies our agency's mission to be a trusted, compassionate resource for people in crisis by offering counseling, safety and support during difficult times.

What it reported doing in 2024

Law enforcement liaison program: the programs purpose is to provide interventions to divert those with mental health concerns away from jails and hospitals and toward services in our community. This program continues to expand and now we have 7 crisis counselors (liaisons) embedded in the following departments: cedar rapids police (2), linn county, marion police, Delaware county, dubuque county, and buchanan county. Our le liaisons supported law enforcement with 1,124 dispatches for service and consulted on thousands of others. Foundation 2 is one of the four community partners providing services at the linn county mental health access center (mhac), a 24/7 walk-in behavioral health urgent care. The foundation 2 team saw 1,338 separate triage sessions to determine what services in the community can provide the safest, least restrictive level of care to help them get through the current crisis. Fostering futures: foundation 2s fostering futures program provides housing advocacy, life skills training and case management services to youth and young adults ages 16 to 24 who need support. Many have aged out of the foster care system or are at high risk of gun violence in the community. The programs included are Iowa aftercare (preparing for adult living, providing support and financial assistance), which served 215 young adults in fy25. We also provide facilitation of amp (achieving maximum potential), advocacy network for former and current foster care, fostering futures in education with a higher education focus, and the group violence intervention program, an evidence-based community outreach program for high-risk youth and young adults involved in community violence.

Operating model

Revenue model
Earned-program. 91% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 65
  • Accountability: 100
  • Sustainability: 51
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82.6%; rating input score 83
  • Program expense ratio: 86.9%; rating input score 87
  • Fundraising efficiency: $6.78 raised per $1 spent on fundraising; rating input score 28; 28th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 4.3%; rating input score 51; 51st percentile among comparable filings
  • Total-asset coverage ratio: 1.07; rating input score 39; 39th percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 84; 84th percentile among comparable filings
  • Officer compensation ratio: 5.4%; rating input score 47; 47th percentile among comparable filings

Growth

  • Program expense growth: 12.6% per year; rating input score 100; 79th percentile among comparable filings
  • Revenue growth: 13.7% per year; rating input score 100; 84th percentile among comparable filings
  • Asset growth: 16.7% per year; rating input score 100; 84th percentile among comparable filings

Details

  • Where the money goes: 82.6% of revenue deployed · 86.9% of spending went to programs
  • Governance: 15 of 15 board members independent · 8 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $9.8M in reported program spending
  • Leadership: top reported pay $194K · 19 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.2M reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 13 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 28/100.
  • Review — Sustainability: Operating margin scored 51/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
  • Moderate — Sustainability: Officer compensation ratio scored 47/100.