2026-08-24T09:24:46-05:00 2026-05-31 421186197 GARDINER COMPANY PC 10555 NEW YORK AVENUE SUITE 200 DES MOINES IA 50322 990 2025-06-01 420711488 IOWA INSTITUTE FOR COOPERATIVES IOWA 5152922667 2515 UNIVERSITY BLVD 104 AMES IA 50010 DR BOBBY MARTENS EXECUTIVE DIRECTOR 5152922667 2026-08-24 1 ROBERT BELL CPA P02410354 5152701446 2025 2025-03-06 01:10:19Z DR BOBBY MARTENS 2515 UNIVERSITY BLVD 104 AMES IA 50010 1286943 0 X WWW.IOWAINSTITUTE.COOP X 1951 IA THE OBJECTIVE, POWERS, AND PURPOSES OF THIS ASSOCIATION SHALL BE TO ASSOCIATE THE MEMBERS THEREOF TOGETHER INTO A SOCIETY FOR THE PURPOSE OF PROMOTING THE INTERESTS AND WELFARE OF IOWA COOPERATIVES BY ANY APPROPRIATE MEANS AND TO EDUCATE AND BRING ABOUT A BETTER UNDERSTANDING OF THE COOPERATIVE TYPE OF BUSINESS. 13 13 4 0 0 0 0 87000 1030177 1151028 50112 48915 0 0 1080289 1286943 15000 15000 0 0 709926 782444 0 0 0 435953 428027 1160879 1225471 -80590 61472 987074 1067007 47054 59896 940020 1007111 X THE OBJECTIVE, POWERS, AND PURPOSES OF THIS ASSOCIATION SHALL BE TO ASSOCIATE THE MEMBERS THEREOF TOGETHER INTO A SOCIETY FOR THE PURPOSE OF PROMOTING THE INTERESTS AND WELFARE OF IOWA COOPERATIVES BY ANY APPROPRIATE MEANS BUT SPECIFICALLY BY ENCOURAGING, (CONTINUE) SPONSORING, PROMOTING, AND CONDUCTING EDUCATIONAL ACTIVITIES DESIGNED TO BRING ABOUT A BETTER UNDERSTANDING OF THE THEORY, PRINCIPLES, PHILOSOPHY, PURPOSES, POSSIBILITIES, AND LIMITATIONS, AND THE ORGANIZATIONAL AND OPERATIONAL METHODS AND PRACTICES THAT ARE DISTINCTIVE OF OR PECULIAR TO THE COOPERATIVE TYPE OF BUSINESS ORGANIZATION, THE OBJECTIVE BEING TO DEVELOP A BETTER UNDERSTANDING OF THE NATURE AND PURPOSE OF COOPERATIVES, SO THAT PEOPLE MIGHT MORE FULLY REALIZE THE BENEFITS AND ADVANTAGES OF COOPERATIVE ACTIVITIES, THAT SOUND PUBLIC POLICIES AND ATTITUDES TOWARD COOPERATIVES MIGHT BE DEVELOPED AND MAINTAINED, AND THAT THE SOUND GROWTH AND DEVELOPMENT OF COOPERATIVES MIGHT BE PROMOTED. 0 0 1225471 1151028 COOPERATIVES PROVIDE A PROVEN BUSINESS MODEL THAT HAS FOSTERED ECONOMIC PROGRESS IN IOWA FOR DECADES. THE IOWA INSTITUTE FOR COOPERATIVES (IIC) HAS BEEN LIGHTING THE WAY FOR COOPERATIVES ACROSS THE STATE SINCE 1951.OUR MEMBERS COME FROM A VARIETY OF INDUSTRIES, INCLUDING AGRICULTURE, CREDIT UNIONS, RURAL ELECTRIC, RURAL TELEPHONE, FARM CREDIT, PETROLEUM, AND MORE. WE DEVELOP EDUCATIONAL AND TRAINING PROGRAMS FOR OUR MEMBERS, PROVIDE TIMELY NEWS UPDATES, AND GUIDE LEGISLATIVE ACTIONS THAT BUILD UPON THE STRENGTH OF THE COOPERATIVE SYSTEM. WE ALSO PROMOTE NEW COOPERATIVE DEVELOPMENT AND VALUE-ADDED PRODUCTION.COOPERATIVES ALSO RELY ON US FOR SPECIAL PROJECTS, INCLUDING:(CONTINUE) - ASSISTANCE WITH BOARD RETREATS, LONG-RANGE PLANNING, MERGERS, CONSOLIDATIONS, ACQUISITIONS, AND CORPORATE RESTRUCTURING. - RESOURCES TO HELP DEVELOP NEW COOPERATIVES, INCLUDING INITIAL START-UP PLANS, FEASIBILITY STUDIES, PROJECT COORDINATION, AND RESULTS ANALYSIS. - COOPERATIVE BENCHMARKING THAT PROVIDES TIMELY UPDATES TO FINANCIAL PERFORMANCE BENCHMARKS FOR GRAIN AND FARM SUPPLY COOPERATIVES THROUGHOUT THE MIDWEST. 1225471 0 1 0 1 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 12 0 1 4 1 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 1 1 1 1 1 0 0 0 1 0 1 1 1 1 0 0 IA X DR BOBBY MARTENS 5152922667 2515 UNIVERSITY BLVD 104 AMES IA 50010 DOYLE ANDERSON PRESIDENT 0.60 0.20 X X 1450 0 0 BRIAN LARSEN VICE PRESIDENT 0.60 0.20 X X 1200 0 0 DAN DIETZENBACH SECRETARY 0.60 0.20 X X 1250 0 0 ED ANDERSON DIRECTOR 0.60 0.20 X 800 0 0 JAKE WILLIAMS DIRECTOR 0.60 0.20 X 0 0 0 WIL MANWEILER DIRECTOR 0.60 0.20 X 0 0 0 COZY NELSEN DIRECTOR 0.60 0.20 X 0 0 0 TAYLOR JANS DIRECTOR 0.60 0.20 X 0 0 0 JASON BERKLAND DIRECTOR 0.60 0.20 X 0 0 0 GREG HANSHAW DIRECTOR 0.60 0.20 X 0 0 0 LEVI BAPPE DIRECTOR 0.60 0.20 X 0 0 0 JERRY KELEHER DIRECTOR 0.60 0.20 X 1000 0 0 JEN MCCUBBIN DIRECTOR 0.60 0.20 X 0 0 0 DR BOBBY MARTENS EXECUTIVE DIRECTOR 40.00 0.20 X 291292 0 23381 MATTHEW EDDY DIRECTOR OF COOPERATIVE DEVELOPMENT 40.00 X 187222 0 14567 MEGAN CARLSON LEGISLATIVE DIRECTOR 40.00 X 109467 0 5909 593681 0 43857 3 0 1 0 0 87000 87000 MEMBERSHIP DUES 110000 672850 672850 EDUCATIONAL PROGRAMS 110000 400385 400385 MEMBER SERVICE INCOME 110000 36153 36153 MEETINGS & ACTIVITIES 110000 29640 29640 RENTAL INCOME 110000 12000 12000 1151028 48915 48915 1286943 1151028 0 48915 15000 15000 637538 637538 50675 50675 9507 9507 43050 43050 41674 41674 9229 9229 15000 15000 347 347 8939 8939 7250 7250 17014 17014 8657 8657 19451 19451 2675 2675 12762 12762 13449 13449 EDUCATIONAL PROGRAMS 196792 196792 BUILDING & EQUIP MAINTE 52975 52975 MEETINGS OF MEMBERS 40085 40085 STAFF EXPENSES 11769 11769 11633 11633 1225471 1225471 0 0 78423 242046 503740 407130 14040 18095 276111 276111 6709 0 384162 389782 0 9954 987074 1067007 26320 22849 18650 20734 18397 47054 59896 X 940020 1007111 940020 1007111 987074 1067007 61472 5619 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 1 672850 175180 -18127 157053 148027 9026 249931 249931 0 26180 26180 0 0 CHS INC PFD 8% 351853 F COOP DEVELOPMENT SERVICE 500 C COBANK, ACB 1000 C CHS INC PFD 7.1% 251 F NATIONWIDE NUSI 36178 F 389782 OTHER LIABILITIES 18397 18397 X 1292562 5619 5619 1286943 0 1286943 1225471 0 1225471 0 1225471 PART X, LINE 2: THE ASSOCIATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)6 AND FILES A FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX. THE ASSOCIATION IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. THE ASSOCIATION EVALUATES UNCERTAIN TAX BENEFITS ARISING FROM TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN BASED UPON THE LIKELIHOOD OF BEING SUSTAINED UPON EXAMINATION BY APPLICABLE TAX AUTHORITIES. IF THE ASSOCIATION DETERMINES THAT A TAX POSITION IS MORE LIKELY THAN NOT OF BEING SUSTAINED, IT RECOGNIZES THE LARGEST AMOUNT OF THE ARISING BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT IN THE FINANCIAL STATEMENTS. FOR ANY TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT DO NOT PASS THE MORE LIKELY THAN NOT TEST, THE ASSOCIATION ESTABLISHES RESERVES OFFSETTING THE BENEFITS RELATED TO SUCH POSITIONS. INTEREST AND PENALTIES, IF ANY, ARE INCLUDED IN THE CURRENT PERIOD PROVISION FOR INCOME TAXES IN THE ASSOCIATION'S STATEMENT OF ACTIVITIES AND ARE INCLUDED AS A CURRENT LIABILITY IN THE STATEMENT OF FINANCIAL POSITION. 1 IOWA COOPERATIVE FOUNDATION 2515 UNIVERSITY BLVD SUITE 104 AMES IA 50010 421305677 501(C)3 15000 0 BOOK THE DONATION WAS USED BY THE FOUNDATION TO PROVIDE SCHOLARSHIPS. PART I, LINE 2: CASH CONTRIBUTIONS ARE AUTHORIZED BY THE BOARD PRIOR TO ISSUANCE. THE CASH CONTRIBTUIONS (DONATIONS) ARE USED TO FURTHER THE ORGANIZATION'S CHARITABLE MISSION BY GIFTING TO NOT-FOR PROFITS AND ARE MADE AT THE BOARD'S DISCRETION. DOCUMENTATION IS NOTED IN THE BOARD MINUTES. X 0 0 0 DR BOBBY MARTENS EXECUTIVE DIRECTOR 291292 0 0 0 0 0 22186 0 1195 0 314673 0 0 0 MATTHEW EDDY DIRECTOR OF COOPERATIVE DEVELOPMENT 187222 0 0 0 0 0 14567 0 0 0 201789 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION SHALL HAVE MEMBERS, TO BE DIVIDED BETWEEN THE FOLLOWING CLASSES: 1.) LOCAL MEMBERS; 2.) REGIONAL MEMBERS; AND 3.) ASSOCIATE MEMBERS. ONLY ENTITIES INCORPORATED AS COOPERATIVES, OR WHICH OPERATE ON A COOPERATIVE BASES, SHALL BE ELIGIBLE FOR MEMBERSHIP AS LOCAL OR REGIONAL MEMBERS. THE QUALIFICATIONS FOR LOCAL AND REGIONAL MEMBERSHIP SHALL BE OPEN TO ALL OTHER PERSONS OR ENTITIES, BUT SHALL NOT HAVE ANY VOTING RIGHTS. FORM 990, PART VI, SECTION A, LINE 7A DELEGATES - EACH LOCAL AND REGIONAL MEMBER SHALL BE ENTITLED TO BE REPRESENTED AT ALL MEMBER MEETINGS OF THIS CORPORATION BY ONE DULY DESIGNATED AND AUTHROIZED DELEGATE. VOTING - EACH DELEGATE SHALL BE ENTITLED TO ONE VOTE AT ALL MEETINGS OF THE MEMBERS OF THIS CORPORATION. VOTING BY PROXY SHALL NOT BE PERMITTED. DIRECTORS - ELECTION BY DISTRICTS - FOR PURPOSES OF ELECTING DIRECTORS, AND FOR SUCH OTHER PURPOSES AS THE BOARD OF DIRECTORS MAY DETERMINE, THE BOARD OF DIRECTORS SHALL DIVIDE THE STATE OF IOWA INTO DISTRICTS IN SUCH A MANNER THAT EACH DISTRICT SHALL CONTAIN AS NEARLY AS PRACTICABLE THE SAME NUMBER OF VOTING MEMBERS. THERE SHALL BE NOT LESS THAN 4, NOR MORE THAN 12 DISTRICTS, THE EXACT NUMBER TO BE STATED IN THE BYLAWS. AT EACH ANNUAL MEETING, AS MANY DIRECTORS AS TERMS EXPIRE AND DIRECTOR'S OFFICES ARE VACANT SHALL BE ELECTED BY THE VOTING DELEGATES OF EACH DISTRICT. FORM 990, PART VI, SECTION A, LINE 7B THE BYLAWS MAY BE AMENDED BY A THREE-FOURTHS VOTE OF DIRECTORS PRESENT AT ANY REGULAR OR SPECIAL MEETING OF THE BOARD OF DIRECTORS. THEY MAY ALSO BE AMENDED BY A TWO-THIRDS VOTE OF DELEGATES PRESENT AT ANY REGULAR OR SPECIAL MEETING OF THE MEMBERS, PROVIDED THAT NOTICE OF THE PURPOSE TO AMEND SHALL HAVE BEEN INCLUDED IN NOTICE OF THE MEETING. OTHERWISE, THE GOVERNANCE OF THE ORGANIZATION IN ITS ENTIRETY IS THE RESPONSIBILITY OF THE BOARD OF DIRECTORS AND NOT SUBJECT TO THE APPROVAL OF ITS MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS ESTABLISHED AN AUDIT COMMITTEE OF THE BOARD OF DIRECTORS WHICH ADDRESSES ALL REPORTED CONCERNS OR COMPLAINTS REGARDING CORPORATE ACCOUNTING PRACTICES, INTERNAL CONTROLS OR AUDITING. THE EXECUTIVE DIRECTOR IMMEDIATELY NOTIFIES THE AUDIT COMMITTEE OF ANY SUCH COMPLAINT AND WORKS WITH THE COMMITTEE UNTIL THE MATTER IS RESOLVED. THE INFORMATION USED TO PREPARE THE FORM 990 COMES DIRECTLY FROM THE AUDITED FINANCIAL STATEMENTS THAT THE COMMITTEE OVERSEES AND ULTIMATELY, SIGNS OFF ON. THE RETURN IS REVIEWED AND SIGNED BY THE EXECUTIVE DIRECTOR BEFORE ITS FILING TO THE IRS. AS A WHOLE, THE BOARD OF DIRECTORS DOES NOT REVIEW THE FORM 990 PRIOR TO ITS SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C IT IS THE INSTITUTE'S POLICY TO CONDUCT BUSINESS ETHICALLY AND TO AVOID CONFLICTS OF INTEREST OR EVEN THE APPEARANCE OF SUCH CONFLICTS. EMPLOYEES SHOULD REPORT SUSPECTED CONFLICTS OF INTEREST TO THE EXECUTIVE DIRECTOR IMMEDIATELY UPON DISCOVERY. THE BOARD WILL REVIEW EACH SITUATION. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD MONITORS THE EXECUTIVE DIRECTOR TO ENSURE THAT HE OR SHE IS COMPETENT AND EFFECTIVE, INCLUDING CONDUCTING AN ANNUAL REVIEW OF THE EXECUTIVE DIRECTOR'S PERFORMANCE. THE ANNUAL PERFORMANCE OBJECTIVE AND THE PERFORMANCE REVIEW PROCESS SHOULD BE MUTUALLY AGREED UPON AND SERVE AS THE BASIS FOR THE PERFORMANCE EVALUATION. THE EXECUTIVE BOARD WILL MEET WITH THE EXECUTIVE DIRECTOR TO EVALUATE AND DOCUMENT PERFORMANCE STRENGTHS, WEAKNESS AND GOALS FOR THE UPCOMING YEAR. COMPENSATION FOR THE UPCOMING YEAR SHOULD ALSO BE DISCUSSED AND DOCUMENTED. THE EXECUTIVE DIRECTOR SETS OFFICERS AND KEY EMPLOYEES SALARIES WITHIN LIMITS PRESCRIBED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO ALL ITS MEMBERS AT THEIR ANNUAL MEETING. THE CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE MADE AVAILABLE TO ITS MEMBERS UPON REQUEST. THE FORM 990 IS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART X11, LINE 2C THE AUDIT COMMITTEE HAS THE RESPONSIBILITY OF OVERSIGHT OF THE AUDIT AND SELECTION OF ACCOUNTANT. THE PROCESS OF SELECTING AN INDEPENDENT ACCOUNTANT AND THE RESPONSIBILITY OF OVERSIGHT OF THE AUDIT HAS NOT CHANGED FROM PRIOR YEARS. IOWA COOPERATIVE FOUNDATION 2515 UNIVERSITY BLVD SUITE 104 AMES IA 50010 421305677 TO CARRY OUT THE CHARITABLE PURPOSE OF THE IA INSTITUTE FOR COOPS. IA 501(C)(3) LINE 12B, II IOWA INSTITUTE FOR COOPERATIVES 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 SCHEDULE R/PART V/PAGE 3 THERE WERE NO TRANSACTIONS TO REPORT FOR THE 2025 TAX YEAR THAT EXCEEDED THE $50,000 REPORTING THRESHOLD BETWEEN THE RELATED TAX EXEMPT ORGANIZATIONS.