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Nonprofiteer
← IOWA WESTERN COMMUNITY COLLEGE FOUNDATION

Form 990 for tax year 2023

Filed by IOWA WESTERN COMMUNITY COLLEGE FOUNDATION.

Totals

Total revenue
$4,904,406
Total expenses
$6,456,223
Contributions and grants received
$4,023,201
Grants paid
$3,896,461
Program service revenue
$10,800
Investment income
$842,306
Other revenue
$28,099
Total assets, end of year
$38,570,389
Total liabilities, end of year
$4,683,365
Net assets or fund balances, end of year
$33,887,024
Program services expenses (Part IX)
$3,896,461
Management and general expenses
$2,446,157
Fundraising expenses
$113,605
Program service expenses (Part III)
$3,896,461

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.

  • 1f · All other contributions, gifts and grants

    $4,023,201

  • 2a · Program service revenue: INCOME FROM LAND HELD FOR INVESTM

    total $10,800 · related or exempt $10,800

  • 3 · Investment income

    total $695,754 · excluded $695,754

  • 7a · Gross sales of assets other than inventory

    securities $20,012,319 · other assets $9,472,371

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

    securities $19,766,007 · other assets $9,572,131

  • 7c · Gain or loss

    securities $246,312 · other assets -$99,760

  • 7d · Net gain or loss

    total $146,552 · excluded $146,552

  • 11a · Other revenue: MISCELLANEOUS

    total $28,099 · related or exempt $28,099

  • 11e · Other revenue, total

    $28,099

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,896,461 · program services $3,896,461

  • 11f · Fees: investment management

    total $82,018 · management and general $82,018

  • 17 · Travel

    total $966 · fundraising $966

  • 19 · Conferences, conventions and meetings

    total $30,136 · management and general $79 · fundraising $30,057

  • 24a · Other expenses: SUPPORT AND TRANSFERS T

    total $2,180,667 · management and general $2,180,667

  • 24b · Other expenses: OTHER EXPENSE

    total $120,770 · management and general $103,388 · fundraising $17,382

  • 24c · Other expenses: MATERIALS AND SUPPLIES

    total $64,510 · management and general $53,342 · fundraising $11,168

  • 24d · Other expenses: PROFESSIONAL SERVICES

    total $29,518 · management and general $26 · fundraising $29,492

  • 24e · All other expenses

    total $51,177 · management and general $26,637 · fundraising $24,540

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,448,515 · end of year $727,657

  • 3 · Pledges and grants receivable

    beginning of year $136,700 · end of year $105,599

  • 9 · Prepaid expenses and deferred charges

    beginning of year $112,861 · end of year $1,433,455

  • 10c · Land, buildings and equipment, net

    beginning of year $9,572,131

  • 12 · Investments: other securities

    beginning of year $21,948,330 · end of year $33,787,705

  • 15 · Other assets

    beginning of year $1,938,048 · end of year $2,515,973

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,751 · end of year $17,742

  • 25 · Other liabilities

    beginning of year $1,448,718 · end of year $4,665,623

  • 27 · Net assets without donor restrictions

    beginning of year $11,375,183 · end of year $9,957,948

  • 28 · Net assets with donor restrictions

    beginning of year $22,329,933 · end of year $23,929,076

Mission and programs · 2023

Mission

NONE

Activities or mission (Part I)

IOWA WESTERN COMMUNITY COLLEGE FOUNDATION IS ORGANIZED TO FACILITATE THE ADVANCEMENT AND SUPPORT OF THE IOWA WESTERN COMMUNITY COLLEGE.

  • PROVIDE GRANTS, SCHOLARSHIPS AND OTHER ASSISTANCE TO STUDENTS OF IOWA WESTERN COMMUNITY COLLEGE.

    Expenses $3,896,461 · Grants $3,896,461 · Revenue $38,899

As filed on the 2023 return.

Listed in Part VII

  • Donna Barry

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Arnie Ovalles

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Eddie Holtz

    TREASURER

    Total calculated
    $201,175
    From this org
    $0
    From related orgs
    $167,654
    Other
    $33,521
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $167,654 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $15,827 related
    Nontaxable benefits
    $0 + $17,694 related
    Filer's total
    $0 + $201,175 related

  • Tina Mackland

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Dr Don Fenster

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tom Whitson

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Ward Chambers

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Linda Lloyd

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brent Siegrist

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kurt Henstorf

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mick Guttau

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bob Laubenthal

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr John Marshall

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Nelson

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gilbert Thomas

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Larry Winum

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Marie Knedler

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Daniel Kinney

    MEMBER-PRES IWCC

    Total calculated
    $372,184
    From this org
    $0
    From related orgs
    $309,353
    Other
    $62,831
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $309,353 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $29,203 related
    Nontaxable benefits
    $0 + $33,628 related
    Filer's total
    $0 + $372,184 related

  • Molly Noon

    FOUNDATION EXECUTIVE DIREC

    Total calculated
    $160,977
    From this org
    $0
    From related orgs
    $131,130
    Other
    $29,847
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $131,130 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,379 related
    Nontaxable benefits
    $0 + $17,468 related
    Filer's total
    $0 + $160,977 related

  • Randy Pash

    MEMBER

    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. 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

  • IOWA WESTERN COMMUNITY COLLEGE

    $3,896,461

    IWCC SCHOLARSHIPS

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.

  • IOWA WESTERN COMMUNITY COLLEGE

    501(C)(3) · COMMUNITY COLLEGE · IA

Provenance

Return type
form_990
Tax year
2023
Filed
24 April 2025
IRS schema version
2023v6.0
Source object
202511149349300836

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