Mound Farm Holdings Inc
Catholic university providing student focused baccalaureate and graduate education in the spirit of the sisters of mercy. Welcomes women and men of all beliefs to join the community in pursuit of education and service to those in need. Promotes reflective judgment, strategic communication, the common good and purposeful living through a core curriculum, liberal arts and professional majors and student development programs. Strive for excellence in accomplishing our mission through four interdependent goals: using reflective judgment, engaging in strategic communication, serving the common good and promoting purposeful living.
Mound Farm Holdings Inc at a glance
In short: Mound Farm Holdings Inc gave $109.3M across 1 grant in 2025 (avg $109.3M), mostly in Iowa. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $109,265,602
- +3328.7% vs 2024
- Grants made (2025)
- 1
- Average grant
- $109,265,602
- Median grant
- $109,265,602
- Primary geography
- Iowa (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Mound Farm Holdings Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was St Ambrose University ($109.3M).
Grant Size Distribution
1 grant across all recorded years
The most common grant size was $5M or more: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2025, annual grant giving ranged from $2.6M (2023) to $109.3M (2025). In 2025 it made 1 grant totaling $109.3M.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| St Ambrose University Davenport, IA | Asset Transfer Due to Merger | $109,265,602 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | — | $52,570,960 | $165,350,480 | $109,265,602 | 1 | $1,030,260 |
| 2024 | $100,157,191 | $53,059,982 | $56,181,364 | $3,186,767 | Total only | $1,950,630 |
| 2023 | $100,941,068 | $54,383,606 | $57,406,187 | $2,628,189 | Total only | $1,020,166 |
| 2022 | $103,926,298 | $59,414,847 | $57,525,174 | — | — | $2,000,544 |
| 2021 | $108,024,860 | $59,721,106 | $53,095,774 | — | — | $1,190,603 |
| 2020 | $97,731,253 | $53,082,228 | $51,419,471 | — | — | $426,196 |
| 2019 | $95,861,530 | $50,997,354 | $49,885,945 | — | — | $972,746 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Mound Farm Holdings Inc
Based on IRS filings
Mound Farm Holdings Inc is a public charity focused on Education, based in Cedar Rapids, IA. IRS filing data is available from 2019 through 2025. In 2025, it awarded 1 grant totaling $109.3M. Net investment income was $1.0M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Mound Farm Holdings Inc is led by Todd Olson, President on every filing since 2022; 9 of 35 officers listed in 2025 are compensated.
Officers on the 2025 filing
Todd Olson
President
On filings since 2022
40 hrs/week
$139K (2022) → $258K (2025)
Jennifer Rasmussen
Professor of Education & Dept Chair
On filings since 2024
40 hrs/week
$108K (2024) → $104K (2025)
Charles Rohde
Board Chair & Trustee
Chair & Trustee → Board Chair & Trustee, 2023
On filings since 2019
1 hr/week
No compensation reported
Barbara Barhamand
Trustee
Vice Chair & Trustee → Board Chair Vice & Trustee, 2021
Board Chair Vice & Trustee → Trustee, 2023
On filings since 2019
1 hr/week
No compensation reported
Barbara Knapp
Trustee
On filings since 2019
1 hr/week
No compensation reported
Brandt Worley
Immediate Past Chair & Trustee
On filings since 2019
1 hr/week
No compensation reported
Dyan Smith
Trustee
On filings since 2019
1 hr/week
No compensation reported
James Nikrant
Trustee
On filings since 2019
1 hr/week
No compensation reported
John Rinderknecht
Trustee
On filings since 2019
1 hr/week
No compensation reported
Magda Golobic
Trustee
On filings since 2019
1 hr/week
No compensation reported
Melanie Giesler-Spellman
Trustee
On filings since 2019
1 hr/week
No compensation reported
Michael Wehr
Trustee
On filings since 2019
1 hr/week
No compensation reported
Michele Busse
Board Chair-Elect & Trustee
Trustee → Board Chair-Elect & Trustee, 2023
On filings since 2019
1 hr/week
No compensation reported
Nancy Kasparek
Trustee
On filings since 2019
1 hr/week
No compensation reported
Richard Kettelkamp
Trustee
On filings since 2019
1 hr/week
No compensation reported
Robert Kazimour
Trustee
On filings since 2019
1 hr/week
No compensation reported
Ronald Herold
Trustee
On filings since 2019
1 hr/week
No compensation reported
Ruth White
Trustee
On filings since 2019
1 hr/week
No compensation reported
Sister Delores Hannon
Trustee
On filings since 2019
1 hr/week
No compensation reported
Sister Margaret Weigel
Board Secretary & Trustee
Assistant Secretary Trustee → Board Secretary & Trustee, 2023
On filings since 2019
1 hr/week
No compensation reported
Tami Culver
Trustee
On filings since 2019
1 hr/week
No compensation reported
Terri Christoffersen
Trustee
On filings since 2019
1 hr/week
No compensation reported
Vincent Reid
Trustee
On filings since 2019
1 hr/week
No compensation reported
Kristen Trovas
Trustee
On filings since 2022
1 hr/week
No compensation reported
Jason Miller
Trustee
On filings since 2023
1 hr/week
No compensation reported
Leann Ridgeway
Trustee
On filings since 2023
1 hr/week
No compensation reported
Sister Laura Reicks
Trustee
On filings since 2023
1 hr/week
No compensation reported
Sister Susan O'Connor
Trustee
On filings since 2023
1 hr/week
No compensation reported
Brenda Haefner
Vice President Development & Alumni Relat.
Vice President for Development & Alumni Relations → Vice President Development & Alumni Relations, 2024
Vice President Development & Alumni Relations → Vice President Development & Alumni Relat., 2025
On filings since 2019
40 hrs/week
$152K (2019) → $108K (2025)
Tom Castle
Provost
Assistant Vice President → Assistant Vice President & Vice Provost, 2023
Assistant Vice President & Vice Provost → Provost, 2024
On filings since 2019
40 hrs/week
$107K (2019) → $135K (2025)
Kim Bro
Dean College of Nursing
Dean of College of Nursing & Health → Dean College of Nursing & Health, 2023
Dean College of Nursing & Health → Dean College of Nursing, 2024
On filings since 2022
40 hrs/week
$113K (2022) → $122K (2025)
Tom Doermann
Vice President for Operations
Assistant Vice President for Hr & Operations → Vice President for Operations, 2024
On filings since 2023
40 hrs/week
$104K (2023) → $133K (2025)
Brittney Burmahl
Vice President for Business & Finance
On filings since 2024
40 hrs/week
$89K (2024) → $113K (2025)
Jay Coleman
Vice President Enrollment & Marketing
On filings since 2024
40 hrs/week
$121K (2024) → $135K (2025)
Ritu Shandilya
Associate Prof. of Comptroller & Data Science
New on the 2025 filing
40 hrs/week
$102K (2025)
Former officers (28)
- Former: Anne Gillespie (2019–2024) — Vice President for Business & Finance
- Former: Loren Coppock (2019–2024) — Trustee
- Former: Nate Klein (2019–2023) — Vice President for Student Successor
- Former: Timothy Laurent (2019–2023) — Provost
- Former: Todd Coleman (2023) — Vice President for Enrol. & Student Successor
- Former: Jane Meyer (2019–2022) — Trustee
- Former: Jeffrey Cannon (2019–2022) — Trustee
- Former: Laurie Hamen (2019–2022) — Past President
- Former: Lisa Pitz (2019–2022) — Trustee · Filing note: As of 6819
- Former: Shea Francis (2019–2022) — Assistant Vice President & Controller
- Former: Sr Susan O'Connor (2019–2022) — Trustee · Filing note: As of 6819
- Former: Thomas Barbee (2019–2022) — Trustee
- Former: Kenneth Brown (2020–2022) — Trustee
- Former: Sr Delores Hannon (2020–2022) — Trustee
- Former: Sr Laura Reicks (2020–2022) — Trustee
- Former: Sr Margaret Weigel (2020–2022) — Secretary & Trustee
- Former: Charlie Rohde (2022) — Board Chair & Trustee
- Former: Molly Altorfer (2019–2021) — Trustee · Filing note: As of 6819
- Former: Patrice Carroll (2019–2021) — Trustee
- Former: Robert Beatty (2021) — President
- Former: Pamela Delagardelle (2019–2020) — Trustee
- Former: Amanda Humphrey (2020) — Faculty
- Former: Theresa Crumley (2020) — Vice President Enrollment & Marketing
- Former: Brian McDonald (2019) — Assistant Vice President for It · Filing note: Until 142019
- Former: H. Thomas Reed (2019) — Trustee
- Former: Ken Brown (2019) — Trustee
- Former: Mary Tarbox (2019) — Dean of Nursing
- Former: Sister Mary Lou Podzimek (2019) — Secretary & Trustee
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $258K, to Todd Olson (President). 9 officers or directors reported compensation on that filing.
Frequently asked questions about Mound Farm Holdings Inc
How much does Mound Farm Holdings Inc give each year?
Mound Farm Holdings Inc gave $109.3M across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it reported $3.2M in grants paid.
What is Mound Farm Holdings Inc?
Mound Farm Holdings Inc is a public charity focused on Education, based in Cedar Rapids, IA.
Where does Mound Farm Holdings Inc operate?
Mound Farm Holdings Inc has awarded grants in Iowa.
What is Mound Farm Holdings Inc's EIN?
Mound Farm Holdings Inc's EIN (Employer Identification Number) is 42-0681046. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2025 (received by the IRS April 29, 2026)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 18, 2025)
- Updated Form 990 for fiscal year 2024 (received by the IRS January 22, 2025)
Live grants for the work Mound Farm Holdings Inc funds
Education Open opportunities, soonest deadline first.
- Creative Impact Grants $500 - $2,500 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in Mound Farm Holdings Inc's focus areas in our free grants database
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Mound Farm Holdings Inc down — hundreds of funders to go?