Form 990 for tax year 2025

Filed by IOWA CATHOLIC RADIO FOUNDATION.

Totals

Total revenue: $112,626
Total expenses: $36,376
Contributions and grants received: $68,924
Grants paid: $0
Program service revenue: $0
Investment income: $43,702
Other revenue: $0
Total assets, end of year: $1,235,166
Total liabilities, end of year: $0
Net assets or fund balances, end of year: $1,235,166
Program services expenses (Part IX): $11,376
Management and general expenses: $0
Fundraising expenses: $25,000
Program service expenses (Part III): $11,376

Program services were 31.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1a · Federated campaigns

$68,924
1b · Membership dues

$0
1c · Fundraising events

$0
1d · Related organizations

$0
1e · Government grants (contributions)

$0
1f · All other contributions, gifts and grants

$0
1g · Noncash contributions included above

$0
3 · Investment income

total $43,702 · related or exempt $43,702 · unrelated business $0 · excluded $0
4 · Income from investment of tax-exempt bond proceeds

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
5 · Royalties

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
6c · Rental income or loss

real property $0 · personal property $0
7c · Gain or loss

securities $0 · other assets $0
8a · Fundraising events: contributions included on line 1c

$0
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

11c · Fees: accounting

total $2,820 · program services $2,820
11e · Fees: professional fundraising services

total $25,000 · fundraising $25,000
11f · Fees: investment management

total $4,040 · program services $4,040
13 · Office expenses

total $3,125 · program services $3,125
23 · Insurance

total $1,391 · program services $1,391

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $11,397 · end of year $21,234
2 · Savings and temporary cash investments

beginning of year $0 · end of year $0
3 · Pledges and grants receivable

beginning of year $0 · end of year $0
4 · Accounts receivable

beginning of year $0 · end of year $0
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $0 · end of year $75,000
8 · Inventories for sale or use

beginning of year $0 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $24 · end of year $25
11 · Investments: publicly traded securities

beginning of year $1,021,591 · end of year $1,137,356
14 · Intangible assets

beginning of year $1,551 · end of year $1,551
17 · Accounts payable and accrued expenses

beginning of year $0 · end of year $0
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $0 · end of year $0
20 · Tax-exempt bond liabilities

beginning of year $0 · end of year $0
21 · Escrow or custodial account liability

beginning of year $0 · end of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $0 · end of year $0
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
27 · Net assets without donor restrictions

beginning of year $1,034,563 · end of year $1,235,166
28 · Net assets with donor restrictions

beginning of year $0 · end of year $0

Mission and programs · 2025

Mission

Iowa Catholic Radio Foundation (the "Foundation") is a charitable foundation and nonprofit corporation organized under the laws of the State of Iowa. It has been established to raise funds and utilize those funds to support Iowa Catholic Radio and other Catholic media outlets as they fulfill religious and/or charitable purposes as set forth in 26 U.S.C. § 501 (c)(3). All of the funds raised by the Foundation will be utilized solely for said religious and/or charitable purposes and for the general operations necessary to maintain the Foundation itself.

The Foundation collected cash gifts and invested all funds received. No distributions were made during the year.

Expenses $11,376 · Revenue $236,978
There is only one program service

As filed on the 2025 return.

Listed in Part VII

Steven Aviles

Director

Total calculated

$0

Hours/week

2
Joe Teeling

President

Total calculated

$0

Hours/week

4
Joe Pollpeter

Director

Total calculated

$0

Hours/week

2
Don Seibel

Treasurer

Total calculated

$0

Hours/week

2
Angel Grubb

Director

Total calculated

$0

Hours/week

2
Dale Helling

Director

Total calculated

$0

Hours/week

2
Rob Mauritz

Director

Total calculated

$0

Hours/week

2
Dave Leto

Director

Total calculated

$0

Hours/week

2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2025
Filed: 27 February 2026
IRS schema version: 2025v4.0
Source object: 202600859349300945

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