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Nonprofiteer
← IOWA COOPERATIVE FOUNDATION

Form 990 for tax year 2023

Filed by IOWA COOPERATIVE FOUNDATION.

Totals

Total revenue
$59,364
Total expenses
$32,518
Contributions and grants received
$35,874
Grants paid
$31,000
Program service revenue
$0
Investment income
$21,972
Other revenue
$1,518
Total assets, end of year
$524,598
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$524,598
Program services expenses (Part IX)
$32,518
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$32,518

Program services were 100.0% 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.

  • 1d · Related organizations

    $10,100

  • 1f · All other contributions, gifts and grants

    $25,774

  • 3 · Investment income

    total $21,972 · excluded $21,972

  • 11a · Other revenue: OTHER INCOME

    total $1,518 · excluded $1,518

  • 11e · Other revenue, total

    $1,518

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,000 · program services $5,000

  • 2 · Grants to domestic individuals

    total $26,000 · program services $26,000

  • 11b · Fees: legal

    total $1,518 · program services $1,518

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $88,818 · end of year $55,653

  • 2 · Savings and temporary cash investments

    beginning of year $386,367 · end of year $468,945

  • 27 · Net assets without donor restrictions

    beginning of year $475,185 · end of year $524,598

Mission and programs · 2023

Mission

THE IOWA COOPERATIVE FOUNDATION IS ORGANIZED FOR CHARITABLE, SCIENTIFIC AND EDUCATION PURPOSES. THE FOUNDATION IS ORGANIZED, AND WILL BE OPERATED BY, EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE CHARITABLE PURPOSE OF THE IOWA INSTITUTE FOR COOPERATIVES, AN IOWA NONPROFIT CORPORATION.

  • PRIORITY FOR WORK CONDUCTED BY OR SUPPORTED BY THE FOUNDATION SHALL BE GIVEN TO RURAL COOPERATIVE DEVELOPMENT WITH EMPHASIS ON NEW OR YOUNG COMPANIES. ACTIVITIES MAY INCLUDE RESEARCH AND EDUCATION ABOUT RURAL NEEDS, ASSISTANCE IN CREATING COOPERATIVES WHEN APPROPRIATE AND TRAINING PROGRAMS FOR MANAGEMENT AND DIRECTORS. PRIORTY WILL ALSO BE GIVEN TO PROVIDNG YOUTH SCHOLARSHIPS TO YOUTHS LIVING IN RURAL COMMUNITIES.DONATED SERVICES, VALUED AT $1,518, WERE PROVIDED BY THE IOWA INSTITUTE FOR COOPERATIVES DURING THE 2023 TAX YEAR.

    Expenses $32,518 · Grants $31,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Reuben Skow

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.02 + 0.6 related

  • Marcus Wilhelm

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.02 + 0.6 related

  • Jason Berkland

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.02 + 0.6 related

  • Wil Manweiler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.02 + 0.6 related

  • Kenny Vandenberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.02 + 0.6 related

  • Brian Thilges

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.02 + 0.6 related

  • Brian Larsen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.02 + 0.06 related

  • Dr Bobby Martens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.02 + 0.06 related

  • Greg Hanshaw

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.02 + 0.06 related

  • Dave Holm

    STAFF LIAISON

    Total calculated
    $0
    Hours/week
    0.02 + 40 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.

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
2023
Filed
13 August 2024
IRS schema version
2023v5.1
Source object
202432279349300318

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