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Nonprofiteer
← IOWA SPORTS FOUNDATION

Form 990 for tax year 2022

Filed by IOWA SPORTS FOUNDATION.

Totals

Total revenue
$1,648,618
Total expenses
$1,632,342
Contributions and grants received
$750,388
Grants paid
$2,000
Program service revenue
$655,301
Investment income
$17,492
Other revenue
$225,437
Total assets, end of year
$1,281,799
Total liabilities, end of year
$72,540
Net assets or fund balances, end of year
$1,209,259
Program services expenses (Part IX)
$1,443,752
Management and general expenses
$165,158
Fundraising expenses
$23,432
Program service expenses (Part III)
$1,443,752

Program services were 88.4% 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)

    $89,300

  • 1f · All other contributions, gifts and grants

    $661,088

  • 2a · Program service revenue: ENTRY FEES

    total $655,301 · related or exempt $655,301

  • 3 · Investment income

    total $11,902 · excluded $11,902

  • 5 · Royalties

    total $1,970 · excluded $1,970

  • 7a · Gross sales of assets other than inventory

    securities $5,590

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $5,590

  • 7d · Net gain or loss

    total $5,590 · excluded $5,590

  • 9a · Gaming: gross income

    $136,018

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $136,018 · related or exempt $136,018

  • 11a · Other revenue: OTHER INCOME

    total $87,449 · related or exempt $87,449

  • 11e · Other revenue, total

    $87,449

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,000 · program services $2,000

  • 5 · Compensation of officers, directors and key employees

    total $178,167 · program services $155,006 · management and general $17,816 · fundraising $5,345

  • 6 · Compensation of disqualified persons

    total $484,080 · program services $421,149 · management and general $48,409 · fundraising $14,522

  • 9 · Other employee benefits

    total $47,653 · program services $41,458 · management and general $4,765 · fundraising $1,430

  • 10 · Payroll taxes

    total $38,520 · program services $33,512 · management and general $3,852 · fundraising $1,156

  • 11g · Fees: other

    total $24,405 · management and general $24,405

  • 12 · Advertising and promotion

    total $160,104 · program services $158,624 · management and general $1,480

  • 16 · Occupancy

    total $32,637 · program services $28,394 · management and general $3,264 · fundraising $979

  • 17 · Travel

    total $49,758 · program services $44,565 · management and general $5,193

  • 22 · Depreciation, depletion and amortization

    total $15,793 · program services $15,793

  • 23 · Insurance

    total $29,924 · program services $26,703 · management and general $3,221

  • 24a · Other expenses: OPERATIONS AND COMPETIT

    total $217,469 · program services $198,005 · management and general $19,464

  • 24b · Other expenses: RENTAL

    total $202,492 · program services $191,194 · management and general $11,298

  • 24c · Other expenses: SUPPLIES

    total $64,879 · program services $57,548 · management and general $7,331

  • 24d · Other expenses: DATA PROCESSING

    total $37,392 · program services $27,554 · management and general $9,838

  • 24e · All other expenses

    total $47,069 · program services $42,247 · management and general $4,822

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $353,574 · end of year $236,738

  • 2 · Savings and temporary cash investments

    beginning of year $159,044 · end of year $285,865

  • 4 · Accounts receivable

    beginning of year $104,040 · end of year $11,994

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,305 · end of year $7,564

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

    $351,600

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

    $269,688

  • 10c · Land, buildings and equipment, net

    beginning of year $10,603 · end of year $81,912

  • 11 · Investments: publicly traded securities

    beginning of year $286,750 · end of year $299,564

  • 15 · Other assets

    beginning of year $322,164 · end of year $358,162

  • 17 · Accounts payable and accrued expenses

    beginning of year $43,869 · end of year $21,540

  • 19 · Deferred revenue

    beginning of year $46,800 · end of year $51,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,121,947 · end of year $1,177,643

  • 28 · Net assets with donor restrictions

    beginning of year $30,864 · end of year $31,616

Mission and programs · 2022

Mission

THE IOWA SPORTS FOUNDATION (ISF) MISSION IS TO PROVIDE SPORTS, RECREATION, HEALTH AND WELLNESS OPPORTUNITIES FOR IOWANS OF ALL ABILITIES.

Activities or mission (Part I)

TO PROVIDE SPORTS, RECREATION, HEALTH AND WELLNESS OPPORTUNITIES FOR IOWANS OF ALL ABILITIES

  • THE ISF IS COMPRISED OF THE IOWA GAMES, LIVE HEALTHY IOWA, ADAPTIVE SPORTS IOWA AND THE IOWA SENIOR GAMES. TO PROMOTE AMATEUR SPORTS WITHIN THE STATE OF IOWA; HOST OLYMPIC-STYLE FESTIVALS AND COMPETITIONS; CREATE AWARENESS, EMPHASIZE AND EDUCATE IOWANS CONCERNING THE NUMEROUS BENEFITS OF GOOD HEALTH, PHYSICAL FITNESS, SPORTSMANSHIP AND COMPETITION.

    Expenses $1,443,752 · Grants $2,000 · Revenue $878,768

As filed on the 2022 return.

Listed in Part VII

  • BLAKE BOLDON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • TOM KEATING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • CHRIS VERLENGIA

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • LYNN WALZ

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • JESS VILSACK

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • BARB BAKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • GARY BARTA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • MAC O'BRIEN

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • JULIE MIDDLESWART

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • ROB BRADLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • MICHAEL BOUSSELOT

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • TONY DICKINSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • PATRICK TOMKA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • TIM GRABINSKI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DAVE HARRIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • NORMAN GRANGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • BRIAN HARDIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • LYDIA ZERBY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • VICKY FORESMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JAMIE POLLARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • STEVE PURCELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • STEVEN JORDISON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JOHN HARTUNG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JENNY WOOD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • BRAD WALLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JACKIE KLEPPE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DAVE LUBBERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • KEVIN BOURKE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • TAYLOR ANDERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • CHARLES LONG

    CEO/EXECUTIVE DIRECTOR

    Total calculated
    $112,501
    From this org
    $112,501
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • MATT BEATTY

    CHIEF OPERATING OFFICER

    Total calculated
    $65,667
    From this org
    $65,667
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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
2022
Filed
15 August 2024
IRS schema version
2022v5.0
Source object
202402289349303880

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