Form 990 for tax year 2023
Filed by IOWA INDEPENDENT SCHOOL TUITION ORGANIZATION.
Totals
- Total revenue
- $144,361
- Total expenses
- $206,498
- Contributions and grants received
- $144,340
- Grants paid
- $202,748
- Program service revenue
- $0
- Investment income
- $21
- Other revenue
- $0
- Total assets, end of year
- $162,684
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $162,684
- Program services expenses (Part IX)
- $202,748
- Management and general expenses
- $3,750
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $202,748
Program services were 98.2% 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
$144,340
-
3 · Investment income
total $21 · excluded $21
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $202,748 · program services $202,748
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $3,600 · management and general $3,600
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $150 · management and general $150
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $224,821 · end of year $162,684
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
27 · Net assets without donor restrictions
beginning of year $15,646 · end of year $26,351
-
28 · Net assets with donor restrictions
beginning of year $209,175 · end of year $136,333
Mission and programs · 2023
Mission
TO SOLICIT DONATIONS FROM THE GENERAL PUBLIC IN ORDER TO PROVIDE FUNDS TO EACH MEMBER SCHOOL WHO THEN ALLOCATE THE FUNDS TO QUALIFYING FAMILIES PURSUANT TO IOWA CODE SECTION 422.11S.
-
IOWA INDEPENDENT SCHOOL TUITION ORGANIZATION PROVIDED SCHOLARSHIPS TO ELIGIBLE STUDENTS ATTENDING NON-PUBLIC K-12 SCHOOLS IN THE STATE OF IOWA WHICH ARE ACCREDITED UNDER IOWA CODE 256.11 AND ADHERES TO THE PROVISIONS OF THE FEDERAL CIVIL RIGHTS ACT OF 1964 AND CHAPTER 216. AN "ELIGIBLE STUDENT" IS A STUDENT WHO IS A MEMBER OF A HOUSEHOLD WHOSE TOTAL ANNUAL INCOME DURING THE CALENDAR YEAR BEFORE THE STUDENT RECEIVES A TUITION GRANT DOES NOT EXCEED AN AMOUNT EQUAL TO FOUR TIMES THE MOST RECENTLY PUBLISHED FEDERAL POVERTY GUIDELINES IN THE FEDERAL REGISTER BY THE UNITED STATES DEPARTMENT OF HEALTH AND HUMAN SERVICES.AS PROVIDED ON SCHEDULE I OF THIS FORM 990, THE ORGANIZATION DISTRIBUTED $202,748 IN THE FORM OF SCHOLARSHIPS. SCHOLARSHIP DISTRIBUTIONS WERE MADE DIRECTLY TO 4 ACCREDITED, NON-PUBLIC SCHOOLS LOCATED IN THE STATE OF IOWA TO PROVIDE TUITION ASSISTANCE FOR STUDENTS FROM ELIGIBLE FAMILIES AS DESCRIBED ABOVE.
Expenses $202,748 · Grants $202,748
As filed on the 2023 return.
Listed in Part VII
-
Jeremy OursJEREMY OURS
President
- Total calculated
- $0
- Hours/week
- 2
-
Richard BeallRICHARD BEALL
Director
- Total calculated
- $0
- Hours/week
- 2
-
Laura VallsLAURA VALLS
Director
- Total calculated
- $0
- Hours/week
- 2
-
Theresa BlossomTHERESA BLOSSOM
Director
- Total calculated
- $0
- Hours/week
- 2
-
Katie EwingKATIE EWING
Director
- Total calculated
- $0
- Hours/week
- 2
-
Michelle BeningaMICHELLE BENINGA
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Christie StoverCHRISTIE STOVER
Director
- Total calculated
- $0
- Hours/week
- 2
-
Nathan OlsonNATHAN OLSON
ADMINISTRATOR
- Total calculated
- $0
- Hours/week
- 2
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
-
$79,942
TO PROVIDE STUDENT SCHOLARSHIPS
-
$72,457
TO PROVIDE STUDENT SCHOLARSHIPS
-
$45,681
TO PROVIDE STUDENT SCHOLARSHIPS
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443189349307694
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.