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Nonprofiteer
← IOWA COUNCIL OF FOUNDATIONS

Form 990 for tax year 2023

Filed by IOWA COUNCIL OF FOUNDATIONS.

Totals

Total revenue
$510,972
Total expenses
$518,343
Contributions and grants received
$449,638
Grants paid
$134,423
Program service revenue
$45,981
Investment income
$10,275
Other revenue
$5,078
Total assets, end of year
$353,446
Total liabilities, end of year
$38,203
Net assets or fund balances, end of year
$315,243
Program services expenses (Part IX)
$426,344
Management and general expenses
$90,322
Fundraising expenses
$1,677
Program service expenses (Part III)
$426,344

Program services were 82.3% 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.

  • 1e · Government grants (contributions)

    $412,848

  • 1f · All other contributions, gifts and grants

    $36,790

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $40,853 · related or exempt $40,853

  • 2b · Program service revenue: MEMBERSHIP MEETING REVENUE

    total $5,128 · related or exempt $5,128

  • 3 · Investment income

    total $10,275 · excluded $10,275

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $5,078 · related or exempt $5,078

  • 11e · Other revenue, total

    $5,078

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $134,423 · program services $134,423

  • 5 · Compensation of officers, directors and key employees

    total $128,383 · program services $94,901 · management and general $32,194 · fundraising $1,288

  • 7 · Other salaries and wages

    total $27,023 · program services $19,997 · management and general $6,756 · fundraising $270

  • 8 · Pension plan contributions

    total $805 · program services $596 · management and general $201 · fundraising $8

  • 10 · Payroll taxes

    total $11,052 · program services $8,178 · management and general $2,763 · fundraising $111

  • 11c · Fees: accounting

    total $13,764 · program services $3,033 · management and general $10,731

  • 11d · Fees: lobbying

    total $393 · program services $393

  • 12 · Advertising and promotion

    total $85,178 · program services $76,660 · management and general $8,518

  • 13 · Office expenses

    total $10,828 · program services $9,383 · management and general $1,445

  • 14 · Information technology

    total $4,456 · program services $3,342 · management and general $1,114

  • 17 · Travel

    total $21,556 · program services $2,156 · management and general $19,400

  • 23 · Insurance

    total $5,384 · program services $269 · management and general $5,115

  • 24a · Other expenses: TRAINING

    total $72,780 · program services $72,780

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $2,249 · program services $225 · management and general $2,024

  • 24e · All other expenses

    total $69 · program services $8 · management and general $61

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $39,299 · end of year $44,320

  • 2 · Savings and temporary cash investments

    beginning of year $292,559 · end of year $299,061

  • 4 · Accounts receivable

    beginning of year $1,497 · end of year $10,065

  • 10a · Land, buildings and equipment: cost or other basis

    $3,203

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,203

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,741 · end of year $8,203

  • 19 · Deferred revenue

    end of year $30,000

  • 27 · Net assets without donor restrictions

    beginning of year $207,301 · end of year $250,439

  • 28 · Net assets with donor restrictions

    beginning of year $115,313 · end of year $64,804

Mission and programs · 2023

Mission

TO STRENGTHEN AND PROMOTE ORGANIZED PHILANTHROPY IN THE STATE OF IOWA; TO ASSIST AND EDUCATE ITS MEMBERSHIP IN ORDER TO PROMOTE AND FACILITATE EFFECTIVE PHILANTHROPIC GRANTMAKING; AND TO PROVIDE A FORUM FOR THE EXCHANGE OF INFORMATION ON PHILANTHROPIC PROGRAMS AND ISSUES.

Activities or mission (Part I)

TO STRENGTHEN AND GROW PHILANTHROPY IN IOWA

  • TO STRENGTHEN PHILANTHROPY IN IOWA BY ASSISTING, EDUCATING, AND PROVIDING A FORUM FOR THE EXCHANGE OF INFORMATION AMONG GRANTMAKERS. THIS IS ACCOMPLISHED THROUGH A VARIETY OF PROGRAMMING AND SERVICES INCLUDING QUARTERLY MEMBERSHIP MEETINGS/WORKSHOPS, ACCESS TO NATIONALLY-KNOWN EXPERTS IN THE PHILANTHROPIC SECTOR, WEBINARS, TRAININGS, ONLINE PORTAL, CONFERENCES/SPECIAL EVENTS, TOOLS, PUBLICATIONS, AND RESEARCH. IN FY 2024, THE ICOF PROVIDED PROGRAMMING FOR 902 PROGRAM REGISTRANTS. THE ICOF CONTINUED TO CONVENE AND SUPPORT THE REGIONAL MEMBERSHIP MEETINGS AND A STATEWIDE CONFERENCE FOR COMMUNITY FOUNDATION LEADERS.

    Expenses $426,344 · Grants $134,423 · Revenue $45,981

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kari McCann Boutell

    PRESIDENT

    Total calculated
    $125,461
    From this org
    $117,132
    From related orgs
    $0
    Other
    $8,329
    Hours/week
    40

  • Charla Schafer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jelena Ena Babic Barnes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rob Barron

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Matt Mendenhall

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Nicole Brua-Behrens

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Kaye Englin

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Beth Jones

    TREASURER

    Total calculated
    $0
    Hours/week
    1

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

Provenance

Return type
form_990
Tax year
2023
Filed
16 January 2025
IRS schema version
2023v6.0
Source object
202510169349300026

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