Skip to content
Nonprofiteer
← IOWANS FOR TAX RELEIF

Form 990 for tax year 2023

Filed by IOWANS FOR TAX RELEIF.

Totals

Total revenue
$215,967
Total expenses
$463,463
Contributions and grants received
$4,170
Grants paid
$0
Program service revenue
$0
Investment income
$211,797
Other revenue
$0
Total assets, end of year
$8,555,101
Total liabilities, end of year
$28,655
Net assets or fund balances, end of year
$8,526,446
Program services expenses (Part IX)
$338,737
Management and general expenses
$95,203
Fundraising expenses
$29,523
Program service expenses (Part III)
$338,737

Program services were 73.1% 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

    $4,170

  • 3 · Investment income

    total $229,094 · excluded $229,094

  • 7a · Gross sales of assets other than inventory

    securities $632,170

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

    securities $649,467

  • 7c · Gain or loss

    securities -$17,297

  • 7d · Net gain or loss

    total -$17,297 · excluded -$17,297

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $211,278 · program services $179,586 · management and general $21,128 · fundraising $10,564

  • 7 · Other salaries and wages

    total $58,671 · program services $49,870 · management and general $5,867 · fundraising $2,934

  • 8 · Pension plan contributions

    total $7,920 · program services $6,732 · management and general $792 · fundraising $396

  • 9 · Other employee benefits

    total $7,825 · program services $6,651 · management and general $783 · fundraising $391

  • 10 · Payroll taxes

    total $17,902 · program services $15,217 · management and general $1,790 · fundraising $895

  • 11b · Fees: legal

    total $15,480 · management and general $15,480

  • 11d · Fees: lobbying

    total $15,985 · program services $15,985

  • 11f · Fees: investment management

    total $40,907 · management and general $40,907

  • 11g · Fees: other

    total $6,125 · program services $6,125

  • 12 · Advertising and promotion

    total $10,397 · program services $10,397

  • 13 · Office expenses

    total $8,512 · program services $7,780 · management and general $463 · fundraising $269

  • 14 · Information technology

    total $7,661 · program services $6,512 · management and general $766 · fundraising $383

  • 16 · Occupancy

    total $29,978 · program services $25,481 · management and general $2,998 · fundraising $1,499

  • 17 · Travel

    total $6,880 · program services $5,848 · management and general $344 · fundraising $688

  • 19 · Conferences, conventions and meetings

    total $2,837 · program services $2,553 · fundraising $284

  • 23 · Insurance

    total $3,885 · management and general $3,885

  • 24a · Other expenses: FUNDRAISING EXPENSE

    total $11,220 · fundraising $11,220

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $583,524 · end of year $406,958

  • 4 · Accounts receivable

    end of year $2,500

  • 9 · Prepaid expenses and deferred charges

    end of year $500

  • 11 · Investments: publicly traded securities

    beginning of year $7,469,032 · end of year $8,145,143

  • 17 · Accounts payable and accrued expenses

    beginning of year $62,989 · end of year $28,655

  • 27 · Net assets without donor restrictions

    beginning of year $2,192,788 · end of year $2,201,940

  • 28 · Net assets with donor restrictions

    beginning of year $5,796,779 · end of year $6,324,506

Mission and programs · 2023

Mission

PROMOTE SOCIAL WELFARE BY EDUCATING THE GENERAL PUBLIC AND LOBBYING OUR POLITICIANS ABOUT LIMITING TAXES, LIMITING GOVERNMENT SPENDING, MINIMIZING DEBT, BALANCING BUDGETS, RESTORING LIMITED GOVERNMENT, CONTROLLING INFLATION, DEFENDING FREEDOM AND PROVIDING JOBS.

Activities or mission (Part I)

PROMOTE SOCIAL WELFARE BY EDUCATING THE PUBLIC AND LOBBYING.

  • COMMUNICATIONS AND DIGITAL OUTREACH TO THE PUBLIC AND ITR MEMBERS ABOUT TAXES, SPENDING, AND OTHER LIMITED GOVERMENT AND FREE MARKET PRINCIPLES

    Expenses $179,029

  • LEGISLATIVE LOBBYING AND DIRECT ADVOCACY FOR IOWA LEGISLATIVE ISSUES

    Expenses $83,646

  • PUBLIC OUTREACH AND ENGAGEMENT AND EDUCATIONAL MEETINGS

    Expenses $76,062

As filed on the 2023 return.

Listed in Part VII

  • CHRISTOPHER HAGENOW

    PRESIDENT

    Total calculated
    $193,381
    From this org
    $97,708
    From related orgs
    $73,076
    Other
    $22,597
    Hours/week
    22 + 18 related

    Schedule J breakdown matched by us

    Base
    $97,708 + $68,576 related
    Bonus
    $0 + $4,500 related
    Other
    $0
    Deferred
    $4,400 + $3,600 related
    Nontaxable benefits
    $7,207 + $7,390 related
    Filer's total
    $109,315 + $84,066 related

  • DAN STEELE

    VICE PRESIDENT

    Total calculated
    $188,554
    From this org
    $95,071
    From related orgs
    $81,827
    Other
    $11,656
    Hours/week
    22 + 18 related

    Schedule J breakdown matched by us

    Base
    $95,071 + $77,327 related
    Bonus
    $0 + $4,500 related
    Other
    $0
    Deferred
    $4,400 + $3,600 related
    Nontaxable benefits
    $2,492 + $1,164 related
    Filer's total
    $101,963 + $86,591 related

  • PETER VOORHEES

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • JOSHUA BOYER

    VP, TREASURER

    Total calculated
    $0
    Hours/week
    2

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

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
4 September 2024
IRS schema version
2023v5.1
Source object
202402599349300900

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

The source document this was parsed from is served over the API, which is where bulk and document access live.