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Nonprofiteer
← IOWA FIRST FUND

Form 990 for tax year 2025

Filed by IOWA FIRST FUND.

Totals

Total revenue
$477,450
Total expenses
$178,435
Contributions and grants received
$477,450
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,292,575
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,292,575
Program services expenses (Part IX)
$177,460
Management and general expenses
$975
Fundraising expenses
$0
Program service expenses (Part III)
$177,460

Program services were 99.5% 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

    $477,450

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $15,000 · program services $15,000 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $975 · program services $0 · management and general $975 · fundraising $0

  • 11d · Fees: lobbying

    total $147,365 · program services $147,365 · management and general $0 · fundraising $0

  • 17 · Travel

    total $15,095 · program services $15,095 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $993,560 · end of year $1,292,575

  • 27 · Net assets without donor restrictions

    beginning of year $993,560 · end of year $1,292,575

Mission and programs · 2025

Mission

IOWA FIRST FUND WAS ORGANIZED FOR THE PURPOSE OF EDUCATING AND INFORMING IOWA VOTERS ABOUT LIMITED GOVERNMENT AND EXPANDING ECONOMIC OPPORTUNITY.

  • PROVIDING EDUCATION AND INFORMATION FOR IOWA VOTERS ABOUT LIMITED GOVERNMENT AND EXPANDING ECONOMIC OPPORTUNITY.

    Expenses $177,460 · Revenue $477,450

As filed on the 2025 return.

Listed in Part VII

  • W CHARLES SMITHSON

    PRESIDENT AND TREASURER

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • BENJAMIN KLIMESH

    SECRETARY

    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.

Provenance

Return type
form_990
Tax year
2025
IRS schema version
2025v4.1
Source object
202632089349300973

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