2025-09-09T16:33:11-05:00 2024-12-31 420714325 RSM US LLP 400 LOCUST STREET SUITE 640 DES MOINES IA 503092354 990 2024-01-01 431982636 IOWA RENEWABLE FUELS ASSOCIATION IOWA 5152526249 5550 WILD ROSE LANE 340 WEST DES MOINES IA 50266 MONTGOMERY SHAW EXECUTIVE DIRECTOR 5152526249 2025-09-09 1 1 KATHY FAIRCHILD P00222608 5155586600 2025-08-29 2024 2025-03-06 01:10:19Z X MONTGOMERY SHAW 5550 WILD ROSE LANE 340 WEST DES MOINES IA 50266 2216715 0 X WWW.IOWARFA.ORG X 2002 IA TO ESTABLISH AN ASSOCIATION OF COMPANIES INTERESTED IN PROMOTING THE PRODUCTION AND USE OF RENEWABLE FUELS THROUGH CONSUMER EDUCATION, PRODUCT PROMOTION, SOUND LEGISLATIVE AND REGULATORY POLICY AND INFRASTRUCTURE DEVELOPMENT. 21 21 0 21 0 0 0 0 1696481 1711865 39492 47068 0 0 1735973 1758933 0 0 0 0 585732 639778 0 0 0 1053424 886708 1639156 1526486 96817 232447 1482935 1755030 464995 523605 1017940 1231425 X TO PROMOTE THE COMMON BUSINESS INTERESTS OF MEMBER COMPANIES WITHOUT PROFIT AND WITHOUT THE INURING OF INCOME TO THE BENEFIT OF ANY MEMBER COMPANY OR INDIVIDUAL. TO PRESENT THE EXECUTIVE, LEGISLATIVE, JUDICIAL AND REGULATORY BODIES INSTITUTIONAL VIEWS THAT ARE IN THE BEST INTERESTS OF THE GENERAL PUBLIC, THE RENEWABLE FUELS INDUSTRY, AND CONSUMERS. TO WORK FOR LEGISLATION AND FOR REGULATIONS THAT CAN REASONABLY BE EXPECTED TO ACCOMPLISH THE AFORESAID PURPOSES AND TO OPPOSE LEGISLATION AND REGULATIONS NOT CONSISTENT WITH SUCH PURPOSES. TO COOPERATE WITH THOSE EXECUTIVE, LEGISLATIVE, JUDICIAL AND REGULATORY BODIES IN ACHIEVING THOSE STANDARDS OF EXCELLENCE WHICH ENGENDER THE CONFIDENCE OF THE PUBLIC AND OF THE BUSINESS COMMUNITY IN THE PRODUCTS AND SERVICES OF MEMBER COMPANIES AND IN THE IMPARTIAL REGUALTION OF THE BUSINESS OF MEMBER COMPANIES. TO FOSTER THE DEVELOPMENT AND GROWTH OF THE RENEWABLE FUELS INDUSTRY IN IOWA THROUGH EDUCATION, PROMOTION AND INFRASTRUCTURE DEVELOPMENT. 0 0 PUBLIC POLICY: RENEWABLE FUELS ARE GREATLY IMPACTED BY PUBLIC POLICY. WE CONDUCTED OUR ANNUAL BIOFUELS: SCIENCE AND SUBSTAINABILITY TOUR FOR 37 US HOUSE AND SENATE STAFF. IRFA ALSO WORKED ON PUBLIC POLICY LEGISLATIVE ISSUES IN BOTH IOWA AND WASHINGTON, DC. CONSUMER EDUCATION: IOWA RENEWABLE FUELS ASSOCIATION (IRFA) HOSTS AN ANNUAL RENEWABLE FUELS SUMMIT OPEN TO THE PUBLIC AT NO CHARGE. OVER 700 REGISTERED ATTENDEES LEARNED ABOUT IOWA'S ETHANOL AND BIODIESEL INDUSTRIES AS WELL AS THE OBSTACLES CONFRONTING THESE INDUSTRIES.SEVERAL OTHER ADVERTISING AND EVENTS WERE HELD, EDUCATING THOUSANDS OF CONSUMERS. PRODUCT PROMOTION: IOWA RENEWABLE FUELS ASSOCIATION (IRFA) CONDUCTED DIRECT OUTREACH TO IOWA RETAILERS TO EDUCATE THEM ON THE BENEFITS OF ADDING E15, E85 AND/OR BIODIESEL TO THEIR PRODUCT OFFERINGS. THERE WERE DOZENS OF INDIVIDUAL MEETINGS, LEADING TO A TOTAL OF OVER 400 E15 LOCATIONS, 350 E85 LOCATIONS, AND NEARLY 800 BIODIESEL LOCATIONS. COMBINED, THESE LOCATIONS SERVICE TENS OF THOUSANDS OF CUSTOMERS. 0 0 1 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 21 21 0 1 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X MONTE SHAW 5152526249 5550 WILD ROSE LANE 340 WEST DES MOINES IA 50266 X BRAD WILSON PRESIDENT 1.00 X X 0 0 0 CHRIS BOSHART VICE PRESIDENT 1.00 X X 0 0 0 NICK BOWDISH TREASURER 1.00 X X 0 0 0 TELLY PAPASIMAKIS SECRETARY 1.00 X X 0 0 0 AL GIESE PAST PRESIDENT 1.00 X X 0 0 0 JAMES BROGHAMMER BOARD MEMBER 1.00 X 0 0 0 TOM BROOKS BOARD MEMBER 1.00 X 0 0 0 EAMONN BYRNE BOARD MEMBER 1.00 X 0 0 0 BILL COUSER BOARD MEMBER 1.00 X 0 0 0 KENT HARTWIG BOARD MEMBER 1.00 X 0 0 0 SARAH HOODJER BOARD MEMBER 1.00 X 0 0 0 MIKE JERKE BOARD MEMBER 1.00 X 0 0 0 TIM KEAVENEY BOARD MEMBER 1.00 X 0 0 0 CHAD KUHLERS BOARD MEMBER 1.00 X 0 0 0 DEVIN MOGLER BOARD MEMBER 1.00 X 0 0 0 PAUL NEES BOARD MEMBER 1.00 X 0 0 0 CHRIS RILEY BOARD MEMBER 1.00 X 0 0 0 CRAIG SCHOENFELD BOARD MEMBER 1.00 X 0 0 0 RICK SCHWARCK BOARD MEMBER 1.00 X 0 0 0 BOB VAN GELDER BOARD MEMBER 1.00 X 0 0 0 DAVID ZIMMERMAN BOARD MEMBER 1.00 X 0 0 0 MONTGOMERY SHAW EXECUTIVE DIRECTOR 40.00 X 257881 0 44080 257881 0 44080 1 0 1 1 0 MEMBERSHIP DUES 110000 1445500 1445500 SPONSORSHIPS 110000 266365 266365 1711865 44855 44855 459995 457782 2213 2213 2213 1758933 1711865 0 47068 301961 337817 71240 27618 15120 90924 467796 5248 55078 26378 5399 RESEARCH & DEVELOPMENT 69821 MEMBER RELATIONS 29997 INCOME TAXES 12041 WEB PRESS 5873 4175 1526486 866931 1117492 555348 581599 43417 10621 17239 45318 54588 54588 0 0 1482935 1755030 338470 436555 126525 87050 464995 523605 X 868713 1099426 149227 131999 1017940 1231425 1482935 1755030 X 232447 -18962 X 0 1 X 0 0 50000 IOWANS FOR A RENEWABLE FUTURE PO BO X65128 WEST DES MOINES IA 50265 273242625 50000 0 0 0 1 1445500 88045 -31744 56301 112749 -56448 0 54588 54588 0 0 X 1788905 29972 29972 1758933 0 1758933 1575420 48934 48934 1526486 0 1526486 PART X, LINE 2: FIN 48 FOOTNOTE: MANAGEMENT HAS EVALUATED THE ASSOCIATION'S MATERIAL TAX POSITIONS AND DETERMINED THERE WERE NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THE ASSOCIATION HAS NOT BEEN NOTIFIED OF ANY IMPENDING EXAMINATIONS BY TAX AUTHORITIES, AND NO EXAMINATIONS ARE IN PROCESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: POLITICAL ACTION COMMITTEE INCOME - REPORTED SEPARATELY 29,972. PART XII, LINE 2D - OTHER ADJUSTMENTS: POLITICAL ACTION COMMITTEE EXPENSES - REPORTED SEPARATELY 48,934. X X X X 0 0 0 MONTGOMERY SHAW EXECUTIVE DIRECTOR 224009 0 32034 0 1838 0 22566 0 21514 0 301961 0 0 0 SCHEDULE J PART II AMOUNTS REPORTED IN PART II FOR MONTGOMERY SHAW WERE PAID BY IOWA CORN GROWERS ASSOCIATION. SEE CORE FORM, PART VI, SECTION B, LINE 15, SCHEDULE O DISCLOSURE FOR FURTHER INFORMATION REGARDING THE PROCESS UTILIZED. FORM 990, PART VI, SECTION A, LINE 3 THE ASSOCIATION HAS CONTRACTED WITH IOWA CORN GROWERS ASSOCIATION (ICGA) TO PROVIDE ADMINISTRATIVE SERVICES. THROUGH THIS CONTRACT RELATIONSHIP, ICGA PROVIDES LEASED EMPLOYEES TO IRFA, WHICH INCLUDES THE EXECUTIVE DIRECTOR. LEASED EMPLOYEES WORK AT THE DIRECTION OF THE IRFA BOARD. ICGA CANNOT DIRECT LEASED EMPLOYEES WORK OR DIRECT IRFA ACTIONS. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OF THE IOWA RENEWABLE FUELS ASSOCIATION INCLUDE THOSE COMPANIES WHICH OWN AND/OR OPERATE AT LEAST ONE RENEWABLE FUELS PRODUCTION FACILITY IN IOWA. ANY COMPANY QUALIFYING AS DESCRIBED ABOVE MAY BE INVITED WITH THE APPROVAL OF TWO-THIRDS OF THE BOARD OF DIRECTORS. ASSOCIATE MEMBERS ARE COMPANIES OR OTHER ORGANIZATIONS WHILE NOT QUALIFYING AS MEMBERS, HAVE ENGAGED IN A BUSINESS IN IOWA WHICH IS SUBSTANTIALLY SIMILAR TO THE TYPE OF BUSINESS ENGAGED IN BY MEMBERS IN IOWA. ASSOCIATE MEMBERS MAY BE ADMITTED UPON INVITATION. FUTURE PRODUCER MEMBERS INCLUDE THOSE COMPANIES THAT ARE DEVELOPING OR BUILDING AT LEAST ONE RENEWABLE FUELS PRODUCTION FACILITY IN IOWA. FUTURE PRODUCER MEMBERS MAY BE ADMITTED UPON INVITATION. FORM 990, PART VI, SECTION A, LINE 7A THE AFFAIRS OF THE ASSOCIATION ARE MANAGED BY A BOARD OF DIRECTORS CONSISTING OF ONE REPRESENTATIVE OF EACH MEMBER COMPANY. EACH MEMBER NAMES ITS DIRECTOR AND AN ALTERNATE WHO MAY ATTEND MEETINGS IN THE ABSENCE OF THE DIRECTOR AND EXERCISE ALL OF THE RIGHTS AND PRIVILEGES OF THE DIRECTOR. AN EXECUTIVE COMMITTEE IS APPOINTED ANNUALLY BY THE BOARD OF DIRECTORS. THE EXECUTIVE DIRECTOR SERVES AS AN EX-OFFICIO, NON-VOTING MEMBER OF THE EXECUTIVE COMMITTEE. UPON ADOPTION OF AN APPROPRIATE RESOLUTION BY THE BOARD OF DIRECTORS, THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL THE AUTHORITY OF THE BOARD OF DIRECTORS, EXCEPT AS PROVIDED BY LAW. FORM 990, PART VI, SECTION B, LINE 11B THE IRFA EXECUTIVE DIRECTOR REVIEWS THE FORM 990 WITH THE EXTERNAL ACCOUNTANTS FOR ACCURACY AND COMPLETENESS PRIOR TO THE COMPLETION OF THE FORM 990. IRFA PROVIDES A COPY OF THE FINAL FORM 990 TO THE IRFA BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING THE FORM 990 WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE IOWA RENEWABLE FUELS ASSOCIATION EXPECTS THAT ALL ACTIONS AND DECISIONS OF ITS BOARD OF DIRECTORS AND OFFICERS ARE MADE OBJECTIVELY AND IN THE BEST INTERESTS OF THE ASSOCIATION. DIRECTORS AND EXECUTIVE OFFICERS MUST BE FREE FROM UNDUE INFLUENCE OF PERSONAL OR OUTSIDE BUSINESS INTERESTS THAT MAY APPEAR TO OR ACTUALLY INTERFERE WITH IRFA BEST INTERESTS. IN ORDER TO ENSURE THAT THE BOARD OF DIRECTORS AND OFFICERS ARE ACTING IN THE BEST INTEREST OF IRFA, THE INDEPENDENT BOARD MEMBER POLICY IS READ INTO AND INCLUDED IN THE MINUTES OF EACH BOARD MEETING. IF A BOARD MEMBER CANNOT MEET THE INDEPENDENCE REQUIREMENTS, THEY MUST DISCLOSE TO THE BOARD OF DIRECTORS AND OFFICERS THE CONFLICT PRESENT AND MUST ABSTAIN FROM VOTING ON THE TRANSACTION FOR WHICH A CONFLICT OF INTEREST EXISTS. EACH BOARD MEMBER SIGNS A CONFLICT OF INTEREST POLICY THAT ASKS THEM TO DISCLOSE ANY POTENTIAL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 IOWA RENEWABLE FUELS ASSOCIATION (IRFA) HAS CONTRACTED WITH IOWA CORN GROWERS ASSOCIATION (ICGA), AN UNRELATED ORGANIZATION, TO PROVIDE LEASED EMPLOYEES TO IRFA. THE LEASED EMPLOYEES WORK AT THE DIRECTION OF THE IRFA BOARD. COMPENSATION OF THE LEASED EMPLOYEES IS DETERMINED AND REVIEWED BY THE IRFA BOARD. THE PROCESS FOR DETERMINING COMPENSATION OF THE LEASED EMPLOYEES IS AS FOLLOWS: EXECUTIVE DIRECTOR - THE EXECUTIVE DIRECTOR'S COMPENSATION INCLUDES BASE SALARY, AN OBJECTIVES BONUS, AND OTHER BENEFITS (SUCH AS HEALTH INSURANCE) AS DETERMINED BY THE IRFA EXECUTIVE COMMITTEE. ACTING AS THE COMPENSATION COMMITTEE, THE INDEPENDENT EXECUTIVE COMMITTEE SETS THE BASE SALARY FOR THE EXECUTIVE DIRECTOR BASED ON EXPERIENCE, QUALIFICATIONS, SKILLS, LEADERSHIP, COMMUNICATION ABILITY AND INDUSTRY STANDARDS. IN THIS PROCESS THE EXECUTIVE COMMITTEE CONSULTS COMPENSATION SURVEYS, OTHER ORGANIZATION'S FORM 990S, AND OTHER INFORMATION AS NECESSARY. THE EXECUTIVE COMMITTEE CONDUCTS AN ANNUAL REVIEW OF THE EXECUTIVE DIRECTOR WITH INPUT FROM THE FULL BOARD OF DIRECTORS TO DETERMINE ANY MERIT PAY RAISE OR CHANGE IN BENEFITS AS DESCRIBED ABOVE. THE EXECUTIVE COMMITTEE FURTHER CONDUCTS AN ANNUAL BONUS REVIEW TO DETERMINE AN OBJECTIVE BONUS, IF ANY, BASED ON ACHIEVEMENT OF THE MUTUALLY AGREED UPON GOALS. OTHER EMPLOYEES - THE OTHER IRFA EMPLOYEE'S COMPENSATION INCLUDES BASE SALARY, AN OBJECTIVE BONUS, AND OTHER BENEFITS (SUCH AS HEALTH INSURANCE). BOTH ARE DETERMINED BY AN EVALUATION PROCESS OVERSEEN BY THE EXECUTIVE DIRECTOR WITH APPROVAL BY THE EXECUTIVE COMMITTEE. BASE SALARY AND THE RANGE FOR MERIT RAISES ARE SET BY THE IRFA EXECUTIVE COMMITTEE BASED ON JOB RESPONSIBILITIES, EXPERIENCE, QUALIFICATIONS AND INDUSTRY STANDARDS. AFTER THE EXECUTIVE COMMITTEE HAS SET A RANGE FOR A BASE SALARY, THE EXECUTIVE DIRECTOR EVALUATES EACH EMPLOYEE AND DETERMINES A BASE SALARY TO BE APPROVED BY THE EXECUTIVE COMMITTEE. IN EVALUATING POTENTIAL MERIT RAISES, THE EXECUTIVE DIRECTOR ANNUALLY LOOKS AT A VARIETY OF SKILLS AND FACTORS INCLUDING BUT NOT LIMITED TO: LEADERSHIP ABILITIES, KNOWLEDGE OF THE ASSOCIATION AND INDUSTRY, COMMUNICATION AND DECISION MAKING ABILITIES. BONUSES ARE THE SECOND COMPONENT OF EMPLOYEE COMPENSATION. GOALS ARE MUTUALLY AGREED UPON BY THE EMPLOYEE AND THE EXECUTIVE DIRECTOR AND ARE USED TO DETERMINE ANY OBJECTIVE BONUS. BONUSES, IF ANY, ARE DETERMINED BY THE EXECUTIVE DIRECTOR BASED ON AN ANNUAL REVIEW OF THE ACHIEVEMENT OF THE MUTALLY AGREED UPON GOALS AND ARE SUBJECT TO APPROVAL OF THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 IRFA DOES NOT MAKE ITS BY-LAWS, CONFLICT OF INTEREST STATEMENT OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THESE DOCUMENTS ARE PROVIDED TO THE BOARD OF DIRECTORS. FORM 990, PART VII AND PART IX: THE COMPENSATION INFORMATION REPORTED FOR MONTGOMERY SHAW AND OTHER SALARIES IS PAID BY IOWA CORN GROWERS ASSOCIATION, AS LEASED EMPLOYEES TO THE FILING ORGANIZATION. FORM 990, PART XI, LINE 9: POLITICAL ACTION COMMITTEE INCOME - REPORTED SEPARATELY 29,972. POLITICAL ACTION COMMITTEE EXPENSES - REPORTED SEPARATELY -48,934. FORM 990, PART I, LINE 6 VOLUNTEERS CONSIST OF BOARD MEMBERS