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Nonprofiteer
← AGRIBUSINESS ASSOCIATION OF IOWA FOUNDATION

Form 990 for tax year 2022

Filed by AGRIBUSINESS ASSOCIATION OF IOWA FOUNDATION.

Totals

Total revenue
$91,771
Total expenses
$221,786
Contributions and grants received
$50,044
Grants paid
$0
Program service revenue
$0
Investment income
$1,412
Other revenue
$40,315
Total assets, end of year
$4,034,397
Total liabilities, end of year
$1,747,449
Net assets or fund balances, end of year
$2,286,948
Program services expenses (Part IX)
$0
Management and general expenses
$221,786
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 1f · All other contributions, gifts and grants

    $50,044

  • 3 · Investment income

    total $1,412 · excluded $1,412

  • 6a · Gross rents

    real property $50,004

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $50,004

  • 6d · Net rental income or loss

    total $50,004 · excluded $50,004

  • 8a · Fundraising events: gross income

    $13,966

  • 8b · Fundraising events: direct expenses

    $23,655

  • 8c · Net income from fundraising events

    total -$9,689 · excluded -$9,689

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $36,000 · management and general $36,000

  • 13 · Office expenses

    total $4,700 · management and general $4,700

  • 20 · Interest

    total $74,290 · management and general $74,290

  • 22 · Depreciation, depletion and amortization

    total $4,001 · management and general $4,001

  • 24a · Other expenses: LEADERSHIP PROGRAM

    total $101,216 · management and general $101,216

  • 24b · Other expenses: PROPERTY TAX

    total $1,579 · management and general $1,579

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $207,148 · end of year $136,394

  • 3 · Pledges and grants receivable

    beginning of year $330,000 · end of year $151,000

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

    $3,982,413

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

    $235,410

  • 10c · Land, buildings and equipment, net

    beginning of year $3,848,219 · end of year $3,747,003

  • 17 · Accounts payable and accrued expenses

    beginning of year $665 · end of year $21,220

  • 19 · Deferred revenue

    beginning of year $2,000 · end of year $1,000

  • 23 · Secured mortgages and notes payable

    beginning of year $1,576,576 · end of year $1,266,070

  • 25 · Other liabilities

    beginning of year $389,163 · end of year $459,159

  • 27 · Net assets without donor restrictions

    beginning of year $2,344,854 · end of year $2,213,706

  • 28 · Net assets with donor restrictions

    beginning of year $72,109 · end of year $73,242

Mission and programs · 2022

Mission

AGRICULTURAL EDUCATION & RESEARCH

  • THE FOUNDATION RAISES FUNDS TO SUPPORT EDUCATION, SCHOLARSHIPS, AND RESEARCH FOR THE AGRIBUSINESS INDUSTRY.

As filed on the 2022 return.

Listed in Part VII

  • SHELLY KRUSE

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • KEVIN DRURY

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MARK WHITE

    CHAIR ELECT

    Total calculated
    $0
    Hours/week
    1

  • AL MUHLENBRUCK

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JOE NELSON

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • JOSE LARACUENTE

    FOUNDATION REP

    Total calculated
    $0
    Hours/week
    1

  • BILL NORTHEY

    EXECUTIVE DIRECTOR

    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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
10 April 2024
IRS schema version
2022v5.0
Source object
202421069349301012

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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