Havlife--johnson County

Nonprofit profile at a glance

EIN
475092881
IRS 990-EZ coverage
2019–2022
Forms available
Form 990 2018, Form 990-EZ 2022
Location
Iowa City, IA, USA
Phone
3193582926
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Public Foundations

Reported finances

Revenue
$104,452
Expenses
$66,430
Assets
$116,333
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

12 people listed

People named in this filing

  • TYLER BLUM (CHAIRPERSON)
  • KATIE LINDER (VICE-CHAIRPERSON)
  • JOE MCCARRAGHER (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization was established to fund the resources students need to pursue their musical aspirations and athletic goals. To allow all youth to experience life to the fullest--increasing exposure to positive community influences and enhancing the development of a positive and confident approach to citizenship. Working with local school systems, community organizations and generous individuals, havlife provides scholarships to students to help cover the costs associated with these activities, including sports equipment, musical instruments and summer camp fees.

What it reported doing in 2022

Havlife foundation of johnson county hosted an annual fundraising event, martini shake off, to raise money to eliminate lost potential in youth by making it possible for children to participate in music, arts and athletic programs when they might not otherwise be able to do so.

Operating model

Revenue model
Donor-supported. 93% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 89% of its reported program spending out as grants.

The verdict

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Program spending has declined or grown slowly and the available information about grant readiness automatic revocation leaves an important question unanswered.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 100
  • Sustainability: 80
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 61.8%; rating input score 62
  • Program expense ratio: 97.1%; rating input score 97

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 36.4%; rating input score 87; 87th percentile among comparable filings
  • Total-asset coverage ratio: 1.75; rating input score 76; 76th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 78; 78th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 64; 64th percentile among comparable filings

Growth

  • Program expense growth: -7% per year; rating input score 0; 18th percentile among comparable filings
  • Revenue growth: 0.8% per year; rating input score 100; 30th percentile among comparable filings
  • Asset growth: 8.8% per year; rating input score 100; 55th percentile among comparable filings

Details

  • Where the money goes: 61.8% of revenue deployed · 97.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $64K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 4 filing years from 2019 to 2022
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 5 filed related-organization links
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Growth: Program expense growth scored 0/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.