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Nonprofiteer
← IOWA MEDICAL SOCIETY FOUNDATION

Form 990 for tax year 2022

Filed by IOWA MEDICAL SOCIETY FOUNDATION.

Totals

Total revenue
$281,505
Total expenses
$167,879
Contributions and grants received
$38,756
Grants paid
$126,066
Program service revenue
$0
Investment income
$242,749
Other revenue
$0
Total assets, end of year
$1,756,882
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,756,882
Program services expenses (Part IX)
$126,066
Management and general expenses
$41,813
Fundraising expenses
$0
Program service expenses (Part III)
$126,066

Program services were 75.1% 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

    $38,756

  • 3 · Investment income

    total $42,086 · excluded $42,086

  • 7a · Gross sales of assets other than inventory

    securities $714,472

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

    securities $513,809

  • 7c · Gain or loss

    securities $200,663

  • 7d · Net gain or loss

    total $200,663 · excluded $200,663

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $103,368 · program services $103,368

  • 2 · Grants to domestic individuals

    total $22,698 · program services $22,698

  • 11a · Fees: management

    total $30,000 · management and general $30,000

  • 11c · Fees: accounting

    total $4,840 · management and general $4,840

  • 11f · Fees: investment management

    total $6,432 · management and general $6,432

  • 13 · Office expenses

    total $541 · management and general $541

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $51,655 · end of year $62,964

  • 11 · Investments: publicly traded securities

    beginning of year $2,132,841 · end of year $1,693,918

  • 31 · Retained earnings, endowment or other funds

    beginning of year $2,184,496 · end of year $1,756,882

Mission and programs · 2022

Mission

TO INSPIRE, FACILITATE AND EXPAND THE PHILANTHROPIC ENDEAVORS OF THE IOWA MEDICAL SOCIETY.

Activities or mission (Part I)

SUPPORT OF MEDICAL EDUCATION AND COMMUNICATION OF PUBLIC HEALTH ISSUES IN THE STATE OF IOWA

  • FINANCIAL SUPPORT FOR PROGRAMS AND ACTIVITIES WHICH ENHANCE THE IMAGE OF PHYSICIANS AND PROMOTE THE PUBLIC HEALTH OF IOWANS.

    Expenses $103,368 · Grants $103,368

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $22,698 · Grants $22,698

As filed on the 2022 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • MICHAEL FLESHER LEFT JUNE 2022

    DIRECTOR

    Total calculated
    $156,758
    From this org
    $0
    From related orgs
    $135,298
    Other
    $21,460
    Hours/week
    3.75 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $128,815 related
    Bonus
    not reported
    Other
    not reported + $6,483 related
    Deferred
    not reported + $5,308 related
    Nontaxable benefits
    not reported + $16,152 related
    Filer's total
    not reported + $156,758 related

  • DENNIS TIBBEN LEFT OCT 2022

    PAST SECRETA

    Total calculated
    $132,487
    From this org
    $0
    From related orgs
    $122,271
    Other
    $10,216
    Hours/week
    3.75 + 40 related

  • STEVEN W CHURCHILL

    SECRETARY/TR

    Total calculated
    $55,210
    From this org
    $0
    From related orgs
    $54,986
    Other
    $224
    Hours/week
    3.5 + 40 related

  • TIFFANI MILLESS

    VICE CHAIR

    Total calculated
    $2,852
    From this org
    $0
    From related orgs
    $2,852
    Other
    $0
    Hours/week
    1 + 1 related

  • MARYGRACE ELSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARY KITCHELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL ROMANO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL KITCHELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ERIC HEININGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ERIK ANDERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEPHEN T H GUTU

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HUMPHREY WONG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KARLEY SPAHN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRIAN PRIVETT MD

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 1 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants 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
29 August 2023
IRS schema version
2022v5.0
Source object
202312509349301501

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