Mound Farm Holdings Inc
1330 Elmhurst Dr NE, Cedar Rapids, IA · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $52,570,960 | $165,350,480 | $0 |
| FY2024 | $53,059,982 | $56,181,364 | $84,863,950 |
| FY2023 | $54,383,606 | $57,406,187 | $85,414,498 |
| FY2022 | $59,414,847 | $57,525,174 | $86,415,056 |
| FY2021 | $59,721,106 | $53,095,774 | $87,950,700 |
| FY2020 | $53,082,228 | $51,419,471 | $74,301,943 |
| FY2019 | $50,997,354 | $49,885,945 | $74,633,899 |
| FY2018 | $53,460,836 | $48,298,479 | $74,485,404 |
| FY2017 | $50,973,416 | $47,326,093 | $68,243,915 |
| FY2016 | $46,090,166 | $44,019,429 | $62,419,594 |
| FY2015 | $41,699,453 | $40,365,678 | $61,612,314 |
| FY2014 | $41,269,626 | $39,300,985 | $61,491,178 |
| FY2013 | $43,245,478 | $38,482,309 | $57,227,682 |
| FY2012 | $38,961,560 | $36,773,999 | $53,281,842 |
Form 990 filings
The returns filed by Mound Farm Holdings Inc (EIN 42-0681046), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $2,417,721 | 5% |
| Program service revenue | $49,126,374 | 93% |
| Other revenue | $1,026,865 | 2% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $160,092,817 | 97% |
| Management & general | $4,631,880 | 3% |
| Fundraising | $625,783 | <1% |
What the numbers show
- Program service revenue made up 93% of total revenue in FY2025.
- Program services accounted for 97% of functional expenses, management & general 3%, and fundraising 0%.
- 97% of functional expenses went to program services in FY2025. That is higher than 97.4% of 38 Education organizations in IA.
- Net assets covered about 0 months of expenses at the end of the reporting year. That puts it in the 1st percentile among 635 Education organizations in IA.
- Total revenue was higher than 96.1% of 643 Education organizations in IA.
- Total revenue rose from $38,961,560 in FY2012 to $52,570,960 in FY2025. Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 3 of 14 reported years (FY2023, FY2024, FY2025).
- The highest revenue on record here is $59,721,106 in FY2021.
- Net assets declined from $53,281,842 to $0 between FY2012 and FY2025.
- Contributions and grants made up 11% of revenue in FY2012 and 5% in FY2025.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
PROVIDE UNDERGRADUATE AND GRADUATE HIGHER EDUCATION FOR APPROXIMATELY 1,400 STUDENTS.
IRS status
| Ruling year | 1946 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B420 — Education (in IA) |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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