2026-06-15T12:20:18-05:00 2025-12-31 421130301 WELGAARD CPAS & ADVISORS 10550 NEW YORK AVE SUITE 100 URBANDALE IA 50322 990 2025-01-01 202474691 QUILTS OF VALOR FOUNDATION QUIL 5157087689 PO BOX 191 WINTERSET IA 50273 LAURI LEIRDAHL PRESIDENT 5157087689 2026-06-15 1 DARLENE M DANIELSON P01265115 5152530099 2026-05-29 2025 2025-03-06 01:10:19Z LAURI LEIRDAHL PO BOX 191 WINTERSET IA 50273 2406282 0 X WWW.QOVF.ORG X 2005 DE TO COVER SERVICE MEMBERS AND VETERANS TOUCHED BY WAR WITH COMFORTING AND HEALING QUILTS OF VALOR. 12 11 8 10276 0 0 1977037 1926179 3963 10320 32543 35391 33230 65126 2046773 2037016 0 0 0 0 235120 305985 0 0 33866 1620936 1615861 1856056 1921846 190717 115170 1858404 1989577 50137 64647 1808267 1924930 TO COVER SERVICE MEMBERS AND VETERANS TOUCHED BY WAR WITH COMFORTING AND HEALING QUILTS OF VALOR. 0 0 1459377 THE QUILTS OF VALOR FOUNDATION IS REPRESENTED BY APPROXIMATELY 10,000 VOLUNTEER MEMBERS LIVING IN THE UNITED STATES. QOVF GROUPS AND THEIR MEMBERS ACTIVELY SEEK DONATIONS FOR FABRIC, NOTIONS AND OTHER SUPPLIES IN ORDER TO MAKE AND AWARD QOVS. OUR QUILTS ARE MADE TO MEET STANDARDS OF EXCELLENCE AND ARE AWARDED TO SERVICE MEMBERS AND VETERANS OF THE UNITED STATES MILITARY. THROUGH THEIR EFFORTS WE WERE ABLE TO REPORT THE COMPLETION OF AND AWARD OVER 35,068 QOVS IN 2025. 1459377 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 8 1 0 0 0 0 0 0 0 0 0 0 X 12 11 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 0 0 0 AK AL AR CA CO CT DC DE FL GA HI IL KS MA MD ME MI MN MS NC ND NH NJ NM NY OH OK OR PA RI SC TN UT VA WA WV WI X ANN REHBEIN 5157087689 PO BOX 191 WINTERSET IA 50273 NANCY BETH THOMSON DIRECTOR 2.00 X 0 0 0 LAURI LEIRDAHL PRESIDENT 15.00 X X 0 0 0 ANN REHBEIN TREASURER 15.00 X X 0 0 0 ROBIN KOEHLER DIRECTOR 2.00 X 0 0 0 JODI INMAN VICE PRESIDENT 2.00 X X 0 0 0 JOHN OXLEY DIRECTOR 4.00 X 0 0 0 JON NEUHAUS DIRECTOR 2.00 X 0 0 0 CHRISTINE HAMP DIRECTOR 2.00 X 0 0 0 KRYSTE WALLEN EXECUTIVE DIR. 40.00 X X 14792 0 0 ANNA MAY NAUSS DIRECTOR 2.00 X 0 0 0 NANCY GRIGSBY SECRETARY 4.00 X X 0 0 0 JULIE DODDS DIRECTOR 2.00 X 0 0 0 LEXI MILLIKAN FORMER EXECUTIVE DIR. 40.00 X 62875 0 0 77667 0 0 0 1 0 0 0 230317 1695862 1926179 CONFERENCE REVENUE 900099 10320 10320 10320 34200 34200 12598 12598 315000 313809 1191 1191 1191 49454 29139 20315 20315 58531 26318 32213 32213 2037016 42533 0 68304 14792 14792 267941 267941 23252 23252 7707 7707 13686 13686 16899 16899 26228 26228 15200 15200 32334 32334 8400 8400 24964 24964 5689 5689 QUILT EXPENSES - REGION 1427043 1427043 POSTAGE AND SHIPPING 17769 17769 BANK FEES 10674 10674 PRINTING AND PUBLICATIO 7638 7638 1630 1630 1921846 1459377 428603 33866 443661 424370 828647 1380857 79513 68191 10600 11661 1900 3563 490831 78515 3252 22420 1858404 1989577 19853 13093 30284 29726 0 21828 50137 64647 X 1757732 1869904 50535 55026 1808267 1924930 1858404 1989577 115170 1493 0 X 0 1 X 0 0 X 1273693 1364073 1489803 1977037 1926179 8030785 20796 55675 26601 58531 161603 1294489 1364073 1545478 2003638 1984710 8192388 3514 10031 13545 0 3514 10031 13545 8178843 29830 35738 24906 26878 46798 164150 29830 35738 24906 26878 46798 164150 1324319 1399811 1570384 2030516 2031508 8356538 0.97870 0.97840 0.01960 0.01800 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 RIGHT-OF-USE LEASE - BUILDING 21828 21828 X 2107975 1493 69466 70959 2037016 0 2037016 1991312 69466 69466 1921846 0 1921846 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, UNLESS IT HAS UNRELATED BUSINESS INCOME. THE ORGANIZATION HAS FILED FOR AND RECEIVED INCOME TAX EXEMPTIONS IN THE VARIOUS JURISDICTIONS WHERE IT IS REQUIRED TO DO SO. THE ORGANIZATION FILES A FORM 990 TAX RETURN IN THE US FEDERAL JURISDICTION. THE ORGANIZATION BELIEVES IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS, AND, ACCORDINGLY, IT HAS NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE YEARS 2023-2025 ARE OPEN TO EXAMINATION. THERE WERE NO INCOME TAXES PAID FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELEASE OF DONOR RESTRICTIONS 14,009. DIRECT FUNDRAISING EXPENSES NETTED WITH FUNDRAISING REVENUE 29,139. COST OF GOODS SOLD NETTED WITH INVENTORY SALES 26,318. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES NETTED WITH FUNDRAISING REVENUE 29,139. COST OF GOODS SOLD NETTED WITH INVENTORY SALES 26,318. RELEASE OF DONOR RESTRICTIONS 14,009. 5K REGISTRATION 10578 10578 4038 AMERICA 2025 29651 29651 24306 3 9225 9225 795 49454 49454 29139 29139 20315 0 0 0 0 0 0 0 0 0 LEXI MILLIKAN FORMER EXECUTIVE DIR. 62875 0 0 0 0 0 0 0 0 0 62875 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WAS PROVIDED TO THE BOARD OF DIRECTORS FOR APPROVAL DURING ITS MONTHLY MEETING PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND OFFICERS COMPLETE A CONFLICT OF INTEREST STATEMENT EACH YEAR DISCLOSING OR VERIFYING THAT THERE ARE NO AREAS OF CONFLICT. DURING BOARD MEETINGS, IF AN ISSUE ARISES WHERE A BOARD MEMBER HAS A CONFLICT OF INTEREST, THAT BOARD MEMBER IS RECUSED FROM PARTICIPATING IN RELATED DISCUSSIONS AND DECISIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL MAKE ITS 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THESE DOCUMENTS ARE AVAILABLE FOR THE SAME PERIOD OF TIME AS DESCRIBED IN INTERNAL REVENUE CODE SECTION 6104(D) FOR OTHER PUBLIC DISCLOSURE DOCUMENTS.