Nonprofit · EIN 20-3072202
EDUCATION FOUNDATION OF THE IOWA CHAPTER OF FM & RA
Tax-exempt · IOWA FALLS, IA 50126
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990-EZ | $24,105 | $13,962 | $10,143 | $120,868 | – | $120,868 |
| July 31, 2024 | 990-EZ | $29,603 | $14,163 | $15,440 | $110,724 | – | $110,724 |
Financial details: 990-EZ for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $23,272
- Investment income
- $833
Expenses
- Compensation of officers, directors and key employees
- $1,850
- Professional fees and payments to contractors
- $13,825
- Other expenses
- $137
- Program services (functional)
- $11,975
Balance sheet and other
- Total assets, start of year
- $110,725
- Total assets, end of year
- $120,868
- Total liabilities, end of year
- –
- Net assets, end of year
- $120,868
- Cash, savings and investments
- $120,868
- Gross receipts
- $24,105
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-EZ for the year ended July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL NISSLY | TREASURER | 0 | $1,250 |
| TRACY SCHERMERHORN | SECRETARY | 0 | $600 |
| JEANNIE FETROW | VICE PRESIDE | 0 | $0 |
| GRANT ASCHINGER | PRESIDENT | 0 | $0 |
| JOEL AMBROSE | DIRECTOR | 0 | $0 |
| ADAM PICK | DIRECTOR | 0 | $0 |
| JOHN STOAKES | DIRECTOR | 0 | $0 |
| TYLER WEAVER | DIRECTOR | 0 | $0 |
| RYAN KAY | DIRECTOR | 0 | $0 |
990-EZ for the year ended July 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL NISSLY | TREASURER | 0 | $1,250 |
| TRACY SCHERMERHORN | SECRETARY | 0 | $600 |
| JEANNIE FETROW | VICE PRESIDE | 0 | $0 |
| GRANT ASCHINGER | PRESIDENT | 0 | $0 |
| JOEL AMBROSE | DIRECTOR | 0 | $0 |
| ADAM PICK | DIRECTOR | 0 | $0 |
| JOHN STOAKES | DIRECTOR | 0 | $0 |
| TYLER WEAVER | DIRECTOR | 0 | $0 |
| RYAN KAY | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 511 WASHINGTON AVE, IOWA FALLS, IA 50126-2215
- In care of
- % MICHAEL J NISSLY
- Signed the 990-EZ
- MICHAEL NISSLY, TREASURER
- Phone
- (641) 648-4285
- Return prepared by
- NISSLY & NISSLY
Mission
SUPPORT EDUCATION PROGRAM FOR IOWA CHAPTER OF FM&RA
Program accomplishments
- SUPPORT ANNUAL MEETING OF IOWA CHAPTER OF FARM MANAGERS AND RURAL APPRAISERSExpenses $850
- PROVIDE SCHOLARSHIPS TO ISU STUDENTS INTERESTED IN FM&RAExpenses $6,250
- SUPPORT OTHER ENTITIES THAT PROVIDE EDUCATION IN AGRICULTUREExpenses $4,875
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990-EZ on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990-EZ on file |
IRS record
- EIN
- 20-3072202
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2007
- Accounting year ends
- July
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S114)
- Assets (IRS master file)
- $144,939
- Income (IRS master file)
- $38,720
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | July 2025 | $24,105 | $13,962 | $120,868 | XML |
| 990-EZ | July 2024 | $29,603 | $14,163 | $110,724 | XML |
| 990-EZ | July 2023 | – | – | – | IRS |
| 990-EZ | July 2022 | – | – | – | IRS |
| 990-EZ | July 2021 | – | – | – | IRS |
| 990-EZ | July 2019 | – | – | – | IRS |
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 20-3072202).
Questions about EDUCATION FOUNDATION OF THE IOWA CHAPTER OF FM & RA
- What is the EIN of EDUCATION FOUNDATION OF THE IOWA CHAPTER OF FM & RA?
- The employer identification number (EIN) of EDUCATION FOUNDATION OF THE IOWA CHAPTER OF FM & RA is 20-3072202.
- Is EDUCATION FOUNDATION OF THE IOWA CHAPTER OF FM & RA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to EDUCATION FOUNDATION OF THE IOWA CHAPTER OF FM & RA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does EDUCATION FOUNDATION OF THE IOWA CHAPTER OF FM & RA file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of EDUCATION FOUNDATION OF THE IOWA CHAPTER OF FM & RA due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did EDUCATION FOUNDATION OF THE IOWA CHAPTER OF FM & RA last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended July 2025.
- Who are the officers and directors of EDUCATION FOUNDATION OF THE IOWA CHAPTER OF FM & RA?
- The 990-EZ for the year ended July 31, 2025 lists 9 people; 2 received compensation from the organization, the highest $1,250 (MICHAEL NISSLY, TREASURER).
- How much revenue does EDUCATION FOUNDATION OF THE IOWA CHAPTER OF FM & RA have?
- On its 990-EZ for the year ended July 31, 2025 it reported revenue of $24,105, expenses of $13,962 and total assets of $120,868 at year end.
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