Skip to content
Nonprofiteer
← IOWA CREDIT UNION FOUNDATION INC

Form 990 for tax year 2025

Filed by IOWA CREDIT UNION FOUNDATION INC.

Totals

Total revenue
$802,560
Total expenses
$731,230
Contributions and grants received
$558,857
Grants paid
$337,336
Program service revenue
$24,000
Investment income
$142,935
Other revenue
$76,768
Total assets, end of year
$2,489,616
Total liabilities, end of year
$18,725
Net assets or fund balances, end of year
$2,470,891
Program services expenses (Part IX)
$441,661
Management and general expenses
$173,701
Fundraising expenses
$115,868
Program service expenses (Part III)
$441,661

Program services were 60.4% 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.

  • 1c · Fundraising events

    $49,800

  • 1f · All other contributions, gifts and grants

    $509,057

  • 2a · Program service revenue: FINANCIAL COACH

    total $24,000 · related or exempt $24,000

  • 3 · Investment income

    total $72,900 · excluded $72,900

  • 7a · Gross sales of assets other than inventory

    securities $405,021

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

    securities $334,986

  • 7c · Gain or loss

    securities $70,035

  • 7d · Net gain or loss

    total $70,035 · excluded $70,035

  • 8a · Fundraising events: gross income

    $122,766

  • 8a · Fundraising events: contributions included on line 1c

    $49,800

  • 8b · Fundraising events: direct expenses

    $45,998

  • 8c · Net income from fundraising events

    total $76,768 · excluded $76,768

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $256,886 · program services $256,886

  • 2 · Grants to domestic individuals

    total $80,450 · program services $80,450

  • 5 · Compensation of officers, directors and key employees

    total $111,525 · program services $37,919 · management and general $36,803 · fundraising $36,803

  • 7 · Other salaries and wages

    total $45,533 · program services $15,481 · management and general $15,026 · fundraising $15,026

  • 8 · Pension plan contributions

    total $8,606 · program services $2,926 · management and general $2,840 · fundraising $2,840

  • 9 · Other employee benefits

    total $9,466 · program services $1,837 · management and general $5,846 · fundraising $1,783

  • 10 · Payroll taxes

    total $11,422 · program services $3,884 · management and general $3,769 · fundraising $3,769

  • 11c · Fees: accounting

    total $67,779 · management and general $67,779

  • 11f · Fees: investment management

    total $5,576 · management and general $5,576

  • 11g · Fees: other

    total $4,667 · management and general $4,667

  • 12 · Advertising and promotion

    total $36,680 · fundraising $36,680

  • 13 · Office expenses

    total $22,806 · program services $7,663 · management and general $7,705 · fundraising $7,438

  • 14 · Information technology

    total $20,134 · program services $5,594 · management and general $9,110 · fundraising $5,430

  • 16 · Occupancy

    total $8,846 · program services $3,008 · management and general $2,919 · fundraising $2,919

  • 17 · Travel

    total $9,491 · program services $3,227 · management and general $3,132 · fundraising $3,132

  • 19 · Conferences, conventions and meetings

    total $5,726 · management and general $5,726

  • 23 · Insurance

    total $1,936 · management and general $1,936

  • 24a · Other expenses: FINANCIAL COACH EXPENSE

    total $22,786 · program services $22,786

  • 24b · Other expenses: OTHER EXPENSES

    total $915 · management and general $867 · fundraising $48

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $229,361 · end of year $221,229

  • 4 · Accounts receivable

    beginning of year $12,760 · end of year $468

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,273 · end of year $0

  • 12 · Investments: other securities

    beginning of year $2,109,892 · end of year $2,267,919

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,672 · end of year $18,725

  • 27 · Net assets without donor restrictions

    beginning of year $622,956 · end of year $591,814

  • 28 · Net assets with donor restrictions

    beginning of year $1,713,658 · end of year $1,879,077

Mission and programs · 2025

Mission

FOUNDED IN 1995 AS THE PHILANTHROPIC ARM OF THE IOWA CREDIT UNION LEAGUE AND GUIDED BY THE CREDIT UNION PHILOSOPHY OF "PEOPLE HELPING PEOPLE", THE IOWA CREDIT UNION FOUNDATION (THE FOUNDATION) WORKS TO CHAMPION FINANCIAL WELL-BEING FOR ALL. THE FOUNDATION'S VISION IS TO BE A HUB FOR CREDIT UNION PHILANTHROPY.

Activities or mission (Part I)

IOWA CREDIT UNION FOUNDATION'S MISSION IS TO CHAMPION FINANCIAL WELL-BEING FOR ALL.

  • INVESTING IN COMMUNITY RESEARCH TO UNDERSTAND THE FINANCIAL REALITIES OF IOWANS, FUNDING GRANTS TO CREDIT UNIONS TO SUPPORT NEW TECHNOLOGY, STRATEGIC PLANNING, OTHER SERVICES, AND SUPPORTING FUNDING OF OTHER COMMUNITY ORGANIZATIONS INVESTING IN CREDIT UNION MISSION ALIGNED INITIATIVES.

    Expenses $338,425 · Grants $234,100

  • SCHOLARSHIPS: IOWA CREDIT UNION FOUNDATION OFFERS SCHOLARSHIPS TO CREDIT UNION MEMBERS PURSUING OR COMPLETING POST-SECONDARY EDUCATION.

    Expenses $66,000 · Grants $66,000

  • PEOPLE HELPING PEOPLE: PROVIDING FINANCIAL COACH TRAINING, DISASTER RELIEF ASSISTANCE, AND GRANTS TO OTHER ORGANIZATIONS INVESTING IN CREDIT UNION MEMBER SUPPORT.

    Expenses $24,786 · Grants $24,786 · Revenue $24,000

  • INDIVIDUAL DEVELOPMENT ACCOUNTS: MATCHED SAVINGS ACCOUNTS FOR LOW AND MODERATE INCOME WORKING SAVERS. IOWA CREDIT UNION FOUNDATION MATCHES SAVINGS UP TO A CERTAIN AMOUNT BASED UPON GUIDELINES FROM MATCH FUND PROVIDERS.

    Expenses $12,450 · Grants $12,450

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jordan Hensley

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Julie Willse

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Rebecca Neades

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Naeve

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Alejandro Alaniz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Mary Bontrager

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Dave Cale

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Donna Dyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Kim Fettkether

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Paula O'Rourke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • John Parks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Lindsey Ramos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Traci Stiles

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jelena Babic Barnes

    EXECUTIVE DIRECTOR

    Total calculated
    $111,525
    From this org
    $100,531
    From related orgs
    $0
    Other
    $10,994
    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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2025
Filed
14 August 2026
IRS schema version
2025v4.2
Source object
202622309349302022

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.