Skip to content
Nonprofiteer
← TAX EDUCATION SUPPORT ORGANIZATION

Form 990 for tax year 2023

Filed by TAX EDUCATION SUPPORT ORGANIZATION.

Totals

Total revenue
$1,916,112
Total expenses
$2,356,970
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$1,886,485
Other revenue
$29,627
Total assets, end of year
$45,991,484
Total liabilities, end of year
$7,956
Net assets or fund balances, end of year
$45,983,528
Program services expenses (Part IX)
$1,970,654
Management and general expenses
$278,772
Fundraising expenses
$107,544
Program service expenses (Part III)
$1,970,654

Program services were 83.6% 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.

  • 3 · Investment income

    total $714,872 · excluded $714,872

  • 6a · Gross rents

    real property $184,284

  • 6b · Less rental expenses

    real property $57,984

  • 6c · Rental income or loss

    real property $126,300

  • 6d · Net rental income or loss

    total $126,300 · excluded $126,300

  • 7a · Gross sales of assets other than inventory

    securities $6,300,000 · other assets $75,819

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

    securities $5,134,654 · other assets $69,552

  • 7c · Gain or loss

    securities $1,165,346 · other assets $6,267

  • 7d · Net gain or loss

    total $1,171,613 · related or exempt $6,267 · excluded $1,165,346

  • 11a · Other revenue: OTHER INCOME

    total $14,079 · excluded $14,079

  • 11b · Other revenue: WORLD BOTTLING K-1

    total -$2,470 · excluded -$2,470

  • 11c · Other revenue: PREFENSE K-1

    total -$2,863 · excluded -$2,863

  • 11d · All other revenue

    total -$105,419 · excluded -$105,419

  • 11e · Other revenue, total

    -$96,673

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $731,946 · program services $622,154 · management and general $73,195 · fundraising $36,597

  • 7 · Other salaries and wages

    total $978,416 · program services $831,653 · management and general $97,842 · fundraising $48,921

  • 8 · Pension plan contributions

    total $56,880 · program services $48,348 · management and general $5,688 · fundraising $2,844

  • 9 · Other employee benefits

    total $73,063 · program services $62,104 · management and general $7,306 · fundraising $3,653

  • 10 · Payroll taxes

    total $97,398 · program services $82,788 · management and general $9,740 · fundraising $4,870

  • 11b · Fees: legal

    total $80,400 · program services $80,400

  • 11c · Fees: accounting

    total $37,988 · management and general $37,988

  • 11g · Fees: other

    total $58,098 · program services $58,098

  • 12 · Advertising and promotion

    total $1,963 · program services $1,963

  • 13 · Office expenses

    total $39,477 · program services $33,556 · management and general $3,770 · fundraising $2,151

  • 14 · Information technology

    total $28,277 · program services $24,035 · management and general $2,828 · fundraising $1,414

  • 16 · Occupancy

    total $69,127 · program services $58,758 · management and general $6,913 · fundraising $3,456

  • 17 · Travel

    total $17,851 · program services $15,173 · management and general $1,785 · fundraising $893

  • 19 · Conferences, conventions and meetings

    total $10,810 · program services $9,452 · management and general $905 · fundraising $453

  • 22 · Depreciation, depletion and amortization

    total $45,834 · program services $38,959 · management and general $4,583 · fundraising $2,292

  • 23 · Insurance

    total $26,229 · management and general $26,229

  • 24a · Other expenses: CONTINUING EDUCATION

    total $3,213 · program services $3,213

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $227,972 · end of year $127,055

  • 2 · Savings and temporary cash investments

    beginning of year $1,433,317 · end of year $5,060,858

  • 4 · Accounts receivable

    beginning of year $70,948 · end of year $30,763

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,012 · end of year $541

  • 10a · Land, buildings and equipment: cost or other basis

    $5,518,857

  • 10b · Land, buildings and equipment: accumulated depreciation

    $232,896

  • 10c · Land, buildings and equipment, net

    beginning of year $5,297,526 · end of year $5,285,961

  • 11 · Investments: publicly traded securities

    beginning of year $32,115,917 · end of year $34,425,914

  • 12 · Investments: other securities

    beginning of year $1,075,000 · end of year $1,053,335

  • 15 · Other assets

    beginning of year $36,034 · end of year $7,057

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,140 · end of year $7,956

  • 27 · Net assets without donor restrictions

    beginning of year $5,025,749 · end of year $5,315,303

  • 28 · Net assets with donor restrictions

    beginning of year $35,223,837 · end of year $40,668,225

Mission and programs · 2023

Mission

OUR MISSION IS TO SUPPORT THE ACTIVITIES OF THE IOWANS FOR TAX RELIEF FOUNDATION (ITR FOUNDATION), AN IRC 501(C)(3) ORGANIZATION. ITR FOUNDATION'S MISSION IS TO EDUCATE THE GENERAL PUBLIC ABOUT THE TAX AND SPENDING PRACTICES OF STATE AND LOCAL GOVERNMENT IN IOWA. THEY ALSO COMPILE RESEARCH ON FISCAL TOPICS AND PROVIDE STATE BY STATE COMPARATIVE DATA.ITR FOUNDATION DISTRIBUTES THIS RESEARCH THROUGH PUBLICATIONS, SOCIAL MEDIA, SPEAKING ENGAGEMENTS, AND OUR WEBSITE.

Activities or mission (Part I)

OUR ONLY ACTIVITY AND PURPOSE IS TO SUPPORT THE IOWANS FOR TAX RELIEF FOUNDATION (ITRF)

  • SUPPORT IOWANS FOR TAX RELIEF FOUNDATION BY PROVIDING STAFF, SERVICES, EQUIPMENT, DATA PROCESSING, WEBSITE, EDUCATIONAL MEETINGS, PRINTING, POSTAGE, AND OTHER ASSISTANCE.

    Expenses $1,970,654

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

Listed in Part VII

  • Robert H Solt

    PRESIDENT

    Total calculated
    $447,361
    From this org
    $424,605
    From related orgs
    $0
    Other
    $22,756
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $420,105
    Bonus
    $4,500
    Other
    $0
    Deferred
    $8,000
    Nontaxable benefits
    $14,756
    Filer's total
    $447,361

  • Richard R Phillips

    VP, SECRETARY, TREASURER

    Total calculated
    $284,585
    From this org
    $262,893
    From related orgs
    $0
    Other
    $21,692
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $258,393
    Bonus
    $4,500
    Other
    $0
    Deferred
    $8,000
    Nontaxable benefits
    $13,692
    Filer's total
    $284,585

  • Peter E Voorhees

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • Charles Espy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Bryan Oghe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Christopher S Ingstad

    ASSISTANT TREASURER

    Total calculated
    $233,925
    From this org
    $211,328
    From related orgs
    $0
    Other
    $22,597
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $206,828
    Bonus
    $4,500
    Other
    $0
    Deferred
    $8,000
    Nontaxable benefits
    $14,597
    Filer's total
    $233,925

  • Dan G Steele

    EMPLOYEE

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

    Schedule J breakdown matched by us

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

  • Christopher W Nichols

    EMPLOYEE

    Total calculated
    $169,688
    From this org
    $147,621
    From related orgs
    $0
    Other
    $22,067
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,121
    Bonus
    $4,500
    Other
    $0
    Deferred
    $8,000
    Nontaxable benefits
    $14,067
    Filer's total
    $169,688

  • Christopher Hagenow

    EMPLOYEE

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

    Schedule J breakdown matched by us

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

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • TESO LLC

    FARM RENT · IA · income $184,284 · assets $5,260,352

    Directly controlled by TAX EDUCATION SUPPORT ORGANIZATION

Related corporations and trusts

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

  • IOWANS FOR TAX RELIEF PAC

    C · PAC · IA · controlled entity

    Directly controlled by IOWANS FOR TAX RELIEF

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2024
IRS schema version
2023v5.0
Source object
202421369349301102

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.