Nonprofit · EIN 20-2474691
QUILTS OF VALOR FOUNDATION
Tax-exempt · WINTERSET, IA 50273
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,037,016 | $1,921,846 | $115,170 | $1,989,577 | $64,647 | $1,924,930 |
| December 31, 2024 | 990 | $2,046,773 | $1,856,056 | $190,717 | $1,858,404 | $50,137 | $1,808,267 |
| December 31, 2023 | 990 | $1,713,162 | $1,382,302 | $330,860 | $1,663,795 | $41,266 | $1,622,529 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,926,179
- Membership dues
- $230,317
- Program service revenue
- $10,320
- Investment income
- $35,391
- Royalties
- $12,598
- Net gain from sales of assets
- $1,191
- Net income from fundraising events
- $20,315
- Net income from sales of inventory
- $32,213
- Other revenue
- $65,126
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $14,792
- Other salaries and wages
- $267,941
- Salaries, compensation and benefits (total)
- $305,985
- Professional fundraising fees
- $0
- Legal fees
- $7,707
- Accounting fees
- $13,686
- Occupancy
- $8,400
- Travel
- $24,964
- Program services (functional)
- $1,459,377
- Management and general (functional)
- $428,603
- Fundraising (functional)
- $33,866
Balance sheet and other
- Total assets, start of year
- $1,858,404
- Total assets, end of year
- $1,989,577
- Total liabilities, end of year
- $64,647
- Net assets, end of year
- $1,924,930
- Publicly traded securities
- $78,515
- Net assets without donor restrictions
- $1,869,904
- Net assets with donor restrictions
- $55,026
- Gross receipts
- $2,406,282
- Employees
- 8
- Volunteers
- 10,276
- Year formed
- 2005
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LEXI MILLIKAN | FORMER EXECUTIVE DIR. Former | 40 | $62,875 |
| KRYSTE WALLEN | EXECUTIVE DIR. Trustee or director, Officer | 40 | $14,792 |
| NANCY BETH THOMSON | DIRECTOR Trustee or director | 2 | $0 |
| LAURI LEIRDAHL | PRESIDENT Trustee or director, Officer | 15 | $0 |
| ANN REHBEIN | TREASURER Trustee or director, Officer | 15 | $0 |
| ROBIN KOEHLER | DIRECTOR Trustee or director | 2 | $0 |
| JODI INMAN | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| JOHN OXLEY | DIRECTOR Trustee or director | 4 | $0 |
| JON NEUHAUS | DIRECTOR Trustee or director | 2 | $0 |
| CHRISTINE HAMP | DIRECTOR Trustee or director | 2 | $0 |
| ANNA MAY NAUSS | DIRECTOR Trustee or director | 2 | $0 |
| NANCY GRIGSBY | SECRETARY Trustee or director, Officer | 4 | $0 |
| JULIE DODDS | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LEXIE MILIKAN | EXECUTIVE DIR. Trustee or director, Officer | 40 | $69,698 |
| SUE REICH | DIRECTOR Trustee or director | 5 | $0 |
| NANCY BETH THOMSON | DIRECTOR Trustee or director | 2 | $0 |
| LAURI LEIRDAHL | PRESIDENT Trustee or director, Officer | 15 | $0 |
| ANN REHBEIN | TREASURER Trustee or director, Officer | 15 | $0 |
| ROBIN KOEHLER | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| JODI INMAN | SECRETARY Trustee or director, Officer | 4 | $0 |
| JOHN OXLEY | DIRECTOR Trustee or director | 4 | $0 |
| JON NEUHAUS | DIRECTOR Trustee or director | 2 | $0 |
| CHRIS HAMP | DIRECTOR Trustee or director | 2 | $0 |
| LIBBY KITSLAAR | DIRECTOR Trustee or director | 5 | $0 |
| ANNA MAY NAUSS | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lori Thompson | Executive Dir. Trustee or director, Officer | 40 | $55,500 |
| Sue Reich | President Trustee or director, Officer | 10 | $0 |
| Mary Kerr | Vice President Trustee or director, Officer | 2 | $0 |
| Lauri Leirdahl | Secretary Trustee or director, Officer | 5 | $0 |
| Ann Rehbein | Treasurer Trustee or director, Officer | 10 | $0 |
| Robin Koehler | Director Trustee or director | 2 | $0 |
| Jodi Inman | Director Trustee or director | 2 | $0 |
| John Oxley | Director Trustee or director | 2 | $0 |
| Jon Neuhaus | Director Trustee or director | 2 | $0 |
| Chris Hamp | Director Trustee or director | 2 | $0 |
| Libby Kitslaar | Director Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 191, WINTERSET, IA 50273-0191
- In care of
- % JOYCE LUNDRIGAN
- Mailing address (990-N for 2013)
- PO Box 728, Lebanon NH 03766
- Principal officer (990 for 2025)
- LAURI LEIRDAHL, PO BOX 191, WINTERSET, IA 50273
- Principal officer (990-N for 2013)
- Joyce Lundrigan, PO Box 728, Lebanon NH 03766
- Signed the 990
- LAURI LEIRDAHL, PRESIDENT
- Phone
- (515) 708-7689
- Website
- www.QOVF.org
- Return prepared by
- WELGAARD CPAS & ADVISORS
Mission
TO COVER SERVICE MEMBERS AND VETERANS TOUCHED BY WAR WITH COMFORTING AND HEALING QUILTS OF VALOR.
Program accomplishments
- 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.Expenses $1,459,377
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-2474691
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2005
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P58)
- Assets (IRS master file)
- $1,989,577
- Income (IRS master file)
- $2,406,282
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,037,016 | $1,921,846 | $1,989,577 | XML |
| 990 | December 2024 | $2,046,773 | $1,856,056 | $1,858,404 | XML |
| 990 | December 2023 | $1,713,162 | $1,382,302 | $1,663,795 | XML |
| 990 | December 2022 | $1,403,420 | $1,183,015 | $1,315,353 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2013 Officer: Joyce Lundrigan | December 31, 2013 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-2474691).
Questions about QUILTS OF VALOR FOUNDATION
- What is the EIN of QUILTS OF VALOR FOUNDATION?
- The employer identification number (EIN) of QUILTS OF VALOR FOUNDATION is 20-2474691.
- Is QUILTS OF VALOR FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to QUILTS OF VALOR FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does QUILTS OF VALOR FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of QUILTS OF VALOR FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did QUILTS OF VALOR FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of QUILTS OF VALOR FOUNDATION?
- The 990 for the year ended December 31, 2025 names LAURI LEIRDAHL.
- Who are the officers and directors of QUILTS OF VALOR FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 13 people; 2 received compensation from the organization, the highest $62,875 (LEXI MILLIKAN, FORMER EXECUTIVE DIR.).
- How much revenue does QUILTS OF VALOR FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,037,016, expenses of $1,921,846 and total assets of $1,989,577 at year end.
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