2026-08-18T10:50:45-05:00 2025-12-31 420714325 RSM US LLP 400 LOCUST STREET SUITE 640 DES MOINES IA 503092354 990 2025-01-01 421438113 IOWA CREDIT UNION FOUNDATION IOWA 5152213002 7745 OFFICE PLAZA DR NORTH 170 WEST DES MOINES IA 50266 JELENA BABIC BARNES EXECUTIVE DIRECTOR 5152213002 2026-08-14 1 KATHY FAIRCHILD P00222608 5155586600 2026-08-14 2025 2025-03-06 01:10:19Z JELENA BABIC BARNES 7745 OFFICE PLAZA DR NORTH 170 WEST DES MOINES IA 50266 1183544 0 X WWW.IOWACREDITUNIONFOUNDATION.ORG X 1995 IA IOWA CREDIT UNION FOUNDATION'S MISSION IS TO CHAMPION FINANCIAL WELL-BEING FOR ALL. 13 13 2 16 0 0 440823 558857 26500 24000 96489 142935 55014 76768 618826 802560 218536 337336 0 0 157961 186552 0 0 115868 192038 207342 568535 731230 50291 71330 2356286 2489616 19672 18725 2336614 2470891 X FOUNDED IN 1995 AS THE PHILANTHROPIC ARM OF THE IOWA CREDIT UNION LEAGUE AND GUIDED BY THE CREDIT UNION PHILOSOPHY OF "PEOPLE HELPING PEOPLE", THE IOWA CREDIT UNION FOUNDATION (THE FOUNDATION) WORKS TO CHAMPION FINANCIAL WELL-BEING FOR ALL. THE FOUNDATION'S VISION IS TO BE A HUB FOR CREDIT UNION PHILANTHROPY. 0 0 338425 234100 INVESTING IN COMMUNITY RESEARCH TO UNDERSTAND THE FINANCIAL REALITIES OF IOWANS, FUNDING GRANTS TO CREDIT UNIONS TO SUPPORT NEW TECHNOLOGY, STRATEGIC PLANNING, OTHER SERVICES, AND SUPPORTING FUNDING OF OTHER COMMUNITY ORGANIZATIONS INVESTING IN CREDIT UNION MISSION ALIGNED INITIATIVES. 66000 66000 SCHOLARSHIPS: IOWA CREDIT UNION FOUNDATION OFFERS SCHOLARSHIPS TO CREDIT UNION MEMBERS PURSUING OR COMPLETING POST-SECONDARY EDUCATION. 24786 24786 24000 PEOPLE HELPING PEOPLE: PROVIDING FINANCIAL COACH TRAINING, DISASTER RELIEF ASSISTANCE, AND GRANTS TO OTHER ORGANIZATIONS INVESTING IN CREDIT UNION MEMBER SUPPORT. 12450 12450 INDIVIDUAL DEVELOPMENT ACCOUNTS: MATCHED SAVINGS ACCOUNTS FOR LOW AND MODERATE INCOME WORKING SAVERS. IOWA CREDIT UNION FOUNDATION MATCHES SAVINGS UP TO A CERTAIN AMOUNT BASED UPON GUIDELINES FROM MATCH FUND PROVIDERS. 12450 12450 441661 1 1 0 0 0 1 0 0 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 1 2 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 IA X TRAVIS SCHIPPER 5152213002 7745 OFFICE PLAZA DR NORTH 170 WEST DES MOINES IA 50266 JORDAN HENSLEY CHAIR 1.00 X X 0 0 0 JULIE WILLSE VICE CHAIR 1.00 X X 0 0 0 REBECCA NEADES SECRETARY 1.00 X X 0 0 0 JENNIFER NAEVE TREASURER 1.00 X X 0 0 0 ALEJANDRO ALANIZ DIRECTOR 0.50 X 0 0 0 MARY BONTRAGER DIRECTOR 0.50 X 0 0 0 DAVE CALE DIRECTOR 0.50 X 0 0 0 DONNA DYER DIRECTOR 0.50 X 0 0 0 KIM FETTKETHER DIRECTOR 0.50 X 0 0 0 PAULA O'ROURKE DIRECTOR 0.50 X 0 0 0 JOHN PARKS DIRECTOR 0.50 X 0 0 0 LINDSEY RAMOS DIRECTOR 0.50 X 0 0 0 TRACI STILES DIRECTOR 0.50 X 0 0 0 JELENA BABIC BARNES EXECUTIVE DIRECTOR 40.00 X 100531 0 10994 100531 0 10994 1 0 0 0 0 49800 509057 558857 FINANCIAL COACH 523940 24000 24000 24000 72900 72900 405021 334986 70035 70035 70035 122766 49800 45998 76768 76768 802560 24000 0 219703 256886 256886 80450 80450 111525 37919 36803 36803 45533 15481 15026 15026 8606 2926 2840 2840 9466 1837 5846 1783 11422 3884 3769 3769 67779 67779 5576 5576 4667 4667 36680 36680 22806 7663 7705 7438 20134 5594 9110 5430 8846 3008 2919 2919 9491 3227 3132 3132 5726 5726 1936 1936 FINANCIAL COACH EXPENSE 22786 22786 OTHER EXPENSES 915 867 48 731230 441661 173701 115868 229361 221229 12760 468 4273 0 2109892 2267919 2356286 2489616 19672 18725 19672 18725 X 622956 591814 1713658 1879077 2336614 2470891 2356286 2489616 71330 62947 0 X X 0 1 X 1 0 X 413287 376405 375364 440823 558857 2164736 413287 376405 375364 440823 558857 2164736 830896 1333840 27604 38070 53423 68332 72900 260329 1469 1469 2426534 81450 0.54970 0.43890 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2 178702 126900 1702464 1 1 222210 55355 99772 177793 166999 167250 112039 222210 163684 71000 67685 166999 170078 73150 79544 163684 146230 81367 57519 170078 0.00000 0.00000 1.00000 0 0 0 RESTRICITED INVESTMENTS 2267919 C 2267919 X 911505 62947 45998 108945 802560 0 802560 777228 45998 45998 731230 0 731230 PART V, LINE 4: IOWA CREDIT UNION FOUNDATION'S (THE FOUNDATION) ENDOWMENT FUNDS WILL BE USED TO AWARD GRANTS TO INDIVIDUALS AND ORGANIZATIONS IN ALIGNMENT WITH THE FOUNDATION'S MISSION. PART X, LINE 2: IOWA CREDIT UNION FOUNDATION (THE FOUNDATION) IS ORGANIZED AS A NONPROFIT CORPORATION WHICH IS EXEMPT FROM FEDERAL AND STATE ACTIVITIES TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE INCLUDED IN REVENUE 45,998. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE INCLUDED IN REVENUE 45,998. CONVENTION BENEFIT NIGHT 100589 34800 65789 22535 2500 3083 GOLF OUTING 66280 15000 51280 9930 2536 5414 1 5697 5697 172566 49800 122766 32465 2536 2500 8497 45998 76768 1 KICK IT FORWARD INC 301 E WALNUT ST STE 1 DES MOINES IA 50309 455516101 501(C)(3) 50000 0 COMMUNITY 1ST CU DONOR ADVISED FUND GRANT INDIAN HILLS COMMUNITY COLLEGE FOUNDATION 525 GRANDVIEW AVENUE BUILDING 1 OTTUMWA IA 52501 237414672 501(C)(3) 20000 0 COMMUNITY 1ST CU DONOR ADVISED FUND GRANT IOWA COALITION AGAINST DOMESTIC VIOLENCE 4725 MERLE HAY ROAD STE 107 DES MOINES IA 50322 421285094 501(C)(3) 15000 0 ICUF ANNUAL GRANT UNIVERSITY OF NORTHERN IOWA FOUNDATION 121 COMMONS CEDAR FALLS IA 50614 426058591 501(C)(3) 12000 0 UNI BUSINESS FINANCIAL LITERACY EDUCATION HOUSE OF HOPE 360 WESTFIELD AVE STE 300 WATERLOO IA 50701 421397528 501(C)(3) 10000 0 FINANCIAL INCLUSION PROGRAM GREATER DES MOINES HABITAT FOR HUMANITY INC 95 UNIVERSITY AVENUE STE 1 DES MOINES IA 50314 421275330 501(C)(3) 10000 0 FINANCIAL INCLUSION PROGRAM TAPESTRY FARMS 121 W 12TH STREET DAVENPORT IA 52803 821925820 501(C)(3) 10000 0 FINANCIAL INCLUSION PROGRAM NIAD CENTER FOR HUMAN DEVELOPMENT PO BOX 656 MASON CITY IA 50402 421080685 501(C)(3) 10000 0 FINANCIAL INCLUSION PROGRAM FOOD BANK OF IOWA PO BOX 1517 DES MOINES IA 50305 421177880 501(C)(3) 10000 0 COMMUNITY 1ST CU DONOR ADVISED FUND GRANT TIME FOR TOTS INC PO BOX 551 HARLAN IA 51537 421315947 501(C)(3) 8700 0 COMMUNITY 1ST CU DONOR ADVISED FUND GRANT HIS HANDS FREE CLINIC 252 BLAIRS FERRY RD NE CEDAR RAPIDS IA 52402 391878606 501(C)(3) 5500 0 FINANCIAL INCLUSION PROGRAM 11 0 INDIVIDUAL DEVELOPMENT ACCOUNTS 22 12450 SCHOLARSHIPS 32 46000 GENERAL DISASTER 4 2000 VERIDIAN SCHOLARSHIP 8 20000 PART I, LINE 2: IOWA CREDIT UNION FOUNDATION (THE FOUNDATION) MAINTAINS A GOVERNANCE APPROVAL PROCESS FOR GRANT REQUESTS EXCEEDING $1,000. THESE REQUESTS ARE SUBJECT TO REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS, EITHER THROUGH THE EXECUTIVE COMMITTEE ACTING ON BEHALF OF THE BOARD BETWEEN MEETINGS OR DURING REGULARLY SCHEDULED BOARD MEETINGS ON QUARTERLY LEVEL. INDIVIDUAL DEVELOPMENT ACCOUNTS: MATCHING FUNDS AWARDED TO APPLICANTS THAT MEET THE PROGRAM QUALIFICATIONS AND SUCCESSFULLY MEET THE FOLLOWING REQUIREMENTS: MUST BE AT OR BELOW 200% FEDERAL POVERTY LEVEL; MUST SAVE A MINIMUM $10-$25 PER MONTH FOR AT LEAST 6 MONTHS; MUST COMPLETE FINANCIAL EDUCATION AT A CREDIT UNION OR PARTNERED ORGANIZATION; MUST REQUEST THE MATCHING FUNDS IN THE "WITHDRAWL REQUEST" FORM. SCHOLARSHIPS: THE WARREN MORROW MEMORIAL SCHOLARSHIPS ARE AWARDED TO CREDIT UNION MEMBERS WHO ARE PURSUING OR COMPLETING POST-SECONDARY EDUCATION. APPLICATIONS ARE REVIEWED BY A 20 PERSON VOLUNTEER COMMITTEE WHO SELECT THE SCHOLARSHIP RECIPIENTS. DISASTER RELIEF: THE FOUNDATION SUPPORTS IOWA CREDIT UNION MEMBERS WHO HAVE BEEN DISPLACED FROM THEIR HOMES FOR AN EXTENDED PERIOD OF TIME DUE TO DISASTERS SUCH AS TORNADOES, FLOODING, OR FIRE. DISASTER RELIEF FUND RECIPIENTS MUST COMPLETE AN APPLICATION AND FUNDS ARE APPROVED AND AWARDED BY THE FOUNDATION VOLUNTEER BOARD MEMBERS ON THE EXECUTIVE COMMITTEE. VERIDIAN SCHOLARSHIP: ADMINISTER SCHOLARSHIP PROGRAM FOR VERIDIAN CREDIT UNION INCLUDING REVIEW AND SELECTION OF SCHOLARSHIP RECIPIENTS, ADMINISTRATION AND DISTRIBUTION OF SCHOLARSHIP FUNDS TO AWARDEES. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE DIRECTOR WILL REVIEW THE INITIAL 990 REPORT. ONCE THE EXECUTIVE DIRECTOR APPROVES THE REPORT, THE 990 WILL BE SHARED WITH THE BOARD OF DIRECTORS BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE PURPOSE OF THIS CONFLICT OF INTEREST POLICY IS TO PROTECT IOWA CREDIT UNION FOUNDATION'S INTEREST WHEN IT IS CONTEMPLATING ENTERING INTO A TRANSACTION OR ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTEREST OF A PRINCIPAL OFFICER ELECTED OR APPOINTED BY THE BOARD, DIRECTOR, OR MEMBER OF A COMMITTEE OR THOSE ENTITIES WITH WHOM THE INDIVIDUAL IS ASSOCIATED OR MIGHT RESULT IN A POSSIBLE EXCESS BENEFIT TRANSACTION. THIS POLICY IS INTENDED TO AVOID ANY ACTIONS OR RELATIONSHIPS WHICH MIGHT GIVE RISE TO A CONFLICT OF INTEREST OR THE APPEARANCE OF A CONFLICT OF INTEREST. ANY DIRECTOR, OFFICER, OR MEMBER OF A COMMITTEE WHO HAS A DIRECT OR INDIRECT INTEREST IS AN INTERESTED PERSON. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD AND MEMBERS OF COMMITTEES CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, SUCH INTERESTED PERSON SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. IF THE BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION C, LINE 19 IOWA CREDIT UNION FOUNDATION MAKES ITS GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST IN THE SAME TIME AND MANNER AS OTHER DISCLOSURES REQUIRED UNDER INTERNAL REVENUE CODE SECTION 6104(D). FORM 990, PART XII, LINE 2C: IOWA CREDIT UNION FOUNDATION'S OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR TAX YEAR.