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← IOWA HOSPITAL EDUCATION AND RESEARCH FOUNDATION

Form 990 for tax year 2023

Filed by IOWA HOSPITAL EDUCATION AND RESEARCH FOUNDATION.

Totals

Total revenue
$155,976
Total expenses
$361,409
Contributions and grants received
$189,185
Grants paid
$305,500
Program service revenue
$32,667
Investment income
-$12,052
Other revenue
-$53,824
Total assets, end of year
$5,028,908
Total liabilities, end of year
$1,483
Net assets or fund balances, end of year
$5,027,425
Program services expenses (Part IX)
$309,292
Management and general expenses
$52,117
Fundraising expenses
$0
Program service expenses (Part III)
$309,292

Program services were 85.6% 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.

  • 1c · Fundraising events

    $150,260

  • 1f · All other contributions, gifts and grants

    $38,925

  • 2a · Program service revenue: SCHOLARSHIPS REPAID

    total $32,667 · related or exempt $32,667

  • 3 · Investment income

    total $113,168 · excluded $113,168

  • 7a · Gross sales of assets other than inventory

    securities $320,001

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

    securities $445,221

  • 7c · Gain or loss

    securities -$125,220

  • 7d · Net gain or loss

    total -$125,220 · excluded -$125,220

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $150,260

  • 8b · Fundraising events: direct expenses

    $53,824

  • 8c · Net income from fundraising events

    total -$53,824 · excluded -$53,824

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $61,500 · program services $61,500

  • 2 · Grants to domestic individuals

    total $244,000 · program services $244,000

  • 11c · Fees: accounting

    total $4,625 · management and general $4,625

  • 11f · Fees: investment management

    total $14,083 · management and general $14,083

  • 13 · Office expenses

    total $2,773 · management and general $2,773

  • 19 · Conferences, conventions and meetings

    total $23,622 · management and general $23,622

  • 23 · Insurance

    total $7,014 · management and general $7,014

  • 24a · Other expenses: SCHOLARSHIP PROGRAM EXP

    total $3,792 · program services $3,792

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $39,331 · end of year $179,760

  • 2 · Savings and temporary cash investments

    beginning of year $4,595,417 · end of year $4,840,148

  • 4 · Accounts receivable

    beginning of year $7,243 · end of year $292

  • 9 · Prepaid expenses and deferred charges

    end of year $8,708

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0

  • 17 · Accounts payable and accrued expenses

    end of year $1,483

  • 27 · Net assets without donor restrictions

    beginning of year -$155,693 · end of year $3,289,505

  • 28 · Net assets with donor restrictions

    beginning of year $4,797,684 · end of year $1,737,920

Mission and programs · 2023

Mission

STUDY, RESEARCH, EDUCATION AND OTHER CHARITABLE ACTIVITIES RELATING TO MEDICAL AND PARAMEDICAL SCIENCES.

  • SCHOLARSHIPS-TO HELP HEALTH CARE STUDENTS OBTAIN A DEGREE FOR THE BENEFIT OF IOWA HOSPITALS.

    Expenses $247,792 · Grants $244,000 · Revenue $32,667

  • DISASTER RELIEF-TO HELP EMPLOYEES OF IOWA'S HOSPITALS WHO HAVE BEEN SEVERELY IMPACTED BY A NATURAL DISASTER.

    Expenses $61,500 · Grants $61,500

As filed on the 2023 return.

Listed in Part VII

  • STEVE SIMONIN

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • CORY NELSON

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • DAWNETT WILLIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRIAN EVANS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANGELA MORTOZA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MATT SELLS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEVE SLESSOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KAY TAKES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MIKE TRACHTA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DUSTIN WRIGHT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GLENN ZEVENBERGEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER HARBISON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DEBORAH HERZBERG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JORDAN VOIGT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHELLE NIERMANN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRIS MITCHELL

    PRESIDENT

    Total calculated
    $896,507
    From this org
    $0
    From related orgs
    $785,415
    Other
    $111,092
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $683,040 related
    Bonus
    $0 + $102,375 related
    Other
    $0
    Deferred
    $0 + $102,375 related
    Nontaxable benefits
    $0 + $8,717 related
    Filer's total
    $0 + $896,507 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

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

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.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
30 October 2024
IRS schema version
2023v5.1
Source object
202403049349301405

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