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Nonprofiteer
← TAX EDUCATION SUPPORT ORGANIZATION

Form 990 for tax year 2022

Filed by TAX EDUCATION SUPPORT ORGANIZATION.

Totals

Total revenue
$2,081,225
Total expenses
$2,193,209
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$1,994,408
Other revenue
$86,817
Total assets, end of year
$40,260,726
Total liabilities, end of year
$11,140
Net assets or fund balances, end of year
$40,249,586
Program services expenses (Part IX)
$1,785,005
Management and general expenses
$216,236
Fundraising expenses
$191,968
Program service expenses (Part III)
$1,785,005

Program services were 81.4% 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.

  • 3 · Investment income

    total $1,330,783 · excluded $1,330,783

  • 6a · Gross rents

    real property $184,044

  • 6b · Less rental expenses

    real property $53,046

  • 6c · Rental income or loss

    real property $130,998

  • 6d · Net rental income or loss

    total $130,998 · excluded $130,998

  • 7a · Gross sales of assets other than inventory

    securities $1,227,005 · other assets $48,075

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

    securities $584,107 · other assets $27,348

  • 7c · Gain or loss

    securities $642,898 · other assets $20,727

  • 7d · Net gain or loss

    total $663,625 · related or exempt $20,727 · excluded $642,898

  • 11a · Other revenue: OTHER INCOME

    total $41,929 · excluded $41,929

  • 11b · Other revenue: INCENTIVE INCOME

    total $33,000 · excluded $33,000

  • 11c · Other revenue: NEXT LEVEL VENTURES II K-1

    total $13,462 · excluded $13,462

  • 11d · All other revenue

    total -$132,572 · excluded -$132,572

  • 11e · Other revenue, total

    -$44,181

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $668,275 · program services $568,034 · management and general $33,414 · fundraising $66,827

  • 7 · Other salaries and wages

    total $887,239 · program services $754,153 · management and general $44,362 · fundraising $88,724

  • 8 · Pension plan contributions

    total $52,698 · program services $44,793 · management and general $2,635 · fundraising $5,270

  • 9 · Other employee benefits

    total $58,433 · program services $49,668 · management and general $2,922 · fundraising $5,843

  • 10 · Payroll taxes

    total $84,746 · program services $72,034 · management and general $4,237 · fundraising $8,475

  • 11b · Fees: legal

    total $87,199 · program services $87,169 · management and general $10 · fundraising $20

  • 11c · Fees: accounting

    total $30,135 · management and general $30,135

  • 11g · Fees: other

    total $63,442 · management and general $63,442

  • 12 · Advertising and promotion

    total $3,631 · program services $3,631

  • 13 · Office expenses

    total $47,939 · program services $37,774 · management and general $6,597 · fundraising $3,568

  • 14 · Information technology

    total $29,474 · program services $25,053 · management and general $1,474 · fundraising $2,947

  • 16 · Occupancy

    total $68,818 · program services $61,936 · management and general $3,441 · fundraising $3,441

  • 17 · Travel

    total $18,069 · program services $16,081 · management and general $181 · fundraising $1,807

  • 19 · Conferences, conventions and meetings

    total $15,456 · program services $15,396 · management and general $30 · fundraising $30

  • 22 · Depreciation, depletion and amortization

    total $50,157 · program services $42,633 · management and general $2,508 · fundraising $5,016

  • 23 · Insurance

    total $20,848 · management and general $20,848

  • 24a · Other expenses: CONTINUING EDUCATION

    total $6,650 · program services $6,650

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $223,930 · end of year $227,972

  • 2 · Savings and temporary cash investments

    beginning of year $2,358,993 · end of year $1,433,317

  • 4 · Accounts receivable

    beginning of year $91,739 · end of year $70,948

  • 9 · Prepaid expenses and deferred charges

    end of year $4,012

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

    $5,491,814

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

    $194,288

  • 10c · Land, buildings and equipment, net

    beginning of year $5,311,192 · end of year $5,297,526

  • 11 · Investments: publicly traded securities

    beginning of year $41,061,791 · end of year $32,115,917

  • 12 · Investments: other securities

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

  • 15 · Other assets

    beginning of year $0 · end of year $36,034

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,950 · end of year $11,140

  • 27 · Net assets without donor restrictions

    beginning of year $3,286,643 · end of year $5,025,749

  • 28 · Net assets with donor restrictions

    beginning of year $46,817,052 · end of year $35,223,837

Mission and programs · 2022

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 $1,785,005

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Robert H Solt

    PRESIDENT

    Total calculated
    $409,046
    From this org
    $387,755
    From related orgs
    $0
    Other
    $21,291
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $387,755
    Bonus
    $0
    Other
    $0
    Deferred
    $8,000
    Nontaxable benefits
    $13,291
    Filer's total
    $409,046

  • Richard R Phillips

    VP, SECRETARY, TREASURER

    Total calculated
    $259,229
    From this org
    $239,005
    From related orgs
    $0
    Other
    $20,224
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $239,005
    Bonus
    $0
    Other
    $0
    Deferred
    $8,000
    Nontaxable benefits
    $12,224
    Filer's total
    $259,229

  • 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

    EMPLOYEE

    Total calculated
    $208,951
    From this org
    $187,959
    From related orgs
    $0
    Other
    $20,992
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $187,959
    Bonus
    $0
    Other
    $0
    Deferred
    $8,000
    Nontaxable benefits
    $12,992
    Filer's total
    $208,951

  • Dan G Steele

    EMPLOYEE

    Total calculated
    $173,194
    From this org
    $159,460
    From related orgs
    $0
    Other
    $13,734
    Hours/week
    18 + 22 related

    Schedule J breakdown matched by us

    Base
    $159,460
    Bonus
    $0
    Other
    $0
    Deferred
    $8,000
    Nontaxable benefits
    $5,734
    Filer's total
    $173,194

  • Christopher W Nichols

    EMPLOYEE

    Total calculated
    $151,629
    From this org
    $131,150
    From related orgs
    $0
    Other
    $20,479
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,150
    Bonus
    $0
    Other
    $0
    Deferred
    $8,000
    Nontaxable benefits
    $12,479
    Filer's total
    $151,629

  • Christopher Hagenow

    EMPLOYEE

    Total calculated
    $173,294
    From this org
    $152,302
    From related orgs
    $0
    Other
    $20,992
    Hours/week
    18 + 22 related

    Schedule J breakdown matched by us

    Base
    $152,302
    Bonus
    $0
    Other
    $0
    Deferred
    $8,000
    Nontaxable benefits
    $12,992
    Filer's total
    $173,294

  • Ernie Adkinson

    EMPLOYEE

    Total calculated
    $144,158
    From this org
    $123,115
    From related orgs
    $0
    Other
    $21,043
    Hours/week
    18 + 22 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 $184,043 · assets $5,384,053

    Directly controlled by TAX EDUCATION SUPPORT ORGANIZATION

Provenance

Return type
form_990
Tax year
2022
Filed
12 May 2023
IRS schema version
2022v5.0
Source object
202321329349307502

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