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← IOWA COOPERATIVE FOUNDATION

Form 990 for tax year 2025

Filed by IOWA COOPERATIVE FOUNDATION.

Totals

Total revenue
$56,190
Total expenses
$35,000
Contributions and grants received
$32,450
Grants paid
$35,000
Program service revenue
$0
Investment income
$23,740
Other revenue
$0
Total assets, end of year
$495,396
Total liabilities, end of year
$30,000
Net assets or fund balances, end of year
$465,396
Program services expenses (Part IX)
$35,000
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$35,000

Program services were 100.0% 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.

  • 1b · Membership dues

    $17,450

  • 1d · Related organizations

    $15,000

  • 3 · Investment income

    total $23,740 · excluded $23,740

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,000 · program services $10,000

  • 2 · Grants to domestic individuals

    total $25,000 · program services $25,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $54,682 · end of year $40,731

  • 2 · Savings and temporary cash investments

    beginning of year $418,042 · end of year $454,665

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,000 · end of year $10,000

  • 18 · Grants payable

    beginning of year $30,000 · end of year $20,000

  • 27 · Net assets without donor restrictions

    beginning of year $432,724 · end of year $465,396

Mission and programs · 2025

Mission

THE IOWA COOPERATIVE FOUNDATION IS ORGANIZED FOR CHARITABLE, SCIENTIFIC AND EDUCATION PURPOSES. THE FOUNDATION IS ORGANIZED, AND WILL BE OPERATED BY, EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE CHARITABLE PURPOSE OF THE IOWA INSTITUTE FOR COOPERATIVES, AN IOWA NONPROFIT CORPORATION.

  • PRIORITY FOR WORK CONDUCTED BY OR SUPPORTED BY THE FOUNDATION SHALL BE GIVEN TO RURAL COOPERATIVE DEVELOPMENT WITH EMPHASIS ON NEW OR YOUNG COMPANIES. ACTIVITIES MAY INCLUDE RESEARCH AND EDUCATION ABOUT RURAL NEEDS, ASSISTANCE IN CREATING COOPERATIVES WHEN APPROPRIATE AND TRAINING PROGRAMS FOR MANAGEMENT AND DIRECTORS. PRIORTY WILL ALSO BE GIVEN TO PROVIDNG YOUTH SCHOLARSHIPS TO YOUTHS LIVING IN RURAL COMMUNITIES.DONATED SERVICES, VALUED AT $1,798, WERE PROVIDED BY THE IOWA INSTITUTE FOR COOPERATIVES DURING THE 2025 TAX YEAR.

    Expenses $35,000 · Grants $35,000

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Taylor Jans

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.2 + 0.6 related

  • Jason Berkland

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.2 + 0.6 related

  • Wil Manweiler

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.2 + 0.6 related

  • Brian Larsen

    DIRECTOR

    Total calculated
    $1,200
    From this org
    $0
    From related orgs
    $1,200
    Other
    $0
    Hours/week
    0.2 + 0.6 related

  • Cozy Nelsen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 0.6 related

  • Greg Hanshaw

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 0.6 related

  • Dr Bobby Martens

    STAFF LIAISON

    Total calculated
    $324,321
    From this org
    $0
    From related orgs
    $291,292
    Other
    $33,029
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $291,292 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $22,186 related
    Nontaxable benefits
    $0 + $10,843 related
    Filer's total
    $0 + $324,321 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

  • IOWA FFA FOUNDATION

    $10,000

    MULTI YEAR COMMITMENT (2025, 2026, 2027, 2028 & 2029) FOR THE GOLD STANDARD PROGRAM.

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.

Provenance

Return type
form_990
Tax year
2025
Filed
13 August 2026
IRS schema version
2025v4.2
Source object
202602369349300905

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