Nonprofit · EIN 20-5286383
HEART OF IOWA SCHOOL TUITION ORGANIZATION INC
Tax-exempt · URBANDALE, IA 50323
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,718,514 | $1,594,184 | $124,330 | $2,266,726 | $0 | $2,266,726 |
| December 31, 2023 | 990 | $1,989,092 | $2,594,263 | -$605,171 | $2,142,396 | $0 | $2,142,396 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,692,883
- Program service revenue
- $0
- Investment income
- $25,631
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,578,052
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $13,626
- Program services (functional)
- $1,578,052
- Management and general (functional)
- $16,132
Balance sheet and other
- Total assets, start of year
- $2,142,396
- Total assets, end of year
- $2,266,726
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,266,726
- Net assets without donor restrictions
- $894,698
- Net assets with donor restrictions
- $1,372,028
- Gross receipts
- $1,718,514
- Employees
- 0
- Volunteers
- 15
- Year formed
- 2006
- State of legal domicile
- IA
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GLEN SWANSON | Treasurer Trustee or director, Officer | 10 | $0 |
| RYAN HALL | Director Trustee or director | 1 | $0 |
| MIKE WOHLENHAUS | Director Trustee or director | 1 | $0 |
| PENNI CHADDERDON | Director Trustee or director | 1 | $0 |
| JACOB HARDIMAN | Secretary Trustee or director, Officer | 10 | $0 |
| BRETT ERICKSON | Director Trustee or director | 1 | $0 |
| AMANDA JORDAN | Director Trustee or director | 1 | $0 |
| JULIA VEENSTRA | Director Trustee or director | 1 | $0 |
| DAVE LYNCH | Director Trustee or director | 1 | $0 |
| AMY BRADY | Director Trustee or director | 1 | $0 |
| CORY EMILY | Director Trustee or director | 1 | $0 |
| TRACY KING | Director Trustee or director | 1 | $0 |
| KARL STIEGLITZ | Director Trustee or director | 1 | $0 |
| TYLER TESKE | President Trustee or director, Officer | 10 | $0 |
| LORI BLAKE | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GLEN SWANSON | Treasurer Trustee or director, Officer | 10 | $0 |
| RYAN HALL | Director Trustee or director | 1 | $0 |
| KYLE HARRIS | Director Trustee or director | 1 | $0 |
| PENNI CHADDERDON | Director Trustee or director | 1 | $0 |
| JACOB HARDIMAN | Secretary Trustee or director, Officer | 10 | $0 |
| JOSH KNIGHT | Director Trustee or director | 1 | $0 |
| AMANDA JORDAN | Director Trustee or director | 1 | $0 |
| JULIA VEENSTRA | Director Trustee or director | 1 | $0 |
| DAVE LYNCH | Director Trustee or director | 1 | $0 |
| AMY BRADY | Director Trustee or director | 1 | $0 |
| CORY EMILY | Director Trustee or director | 1 | $0 |
| TRACY KING | Director Trustee or director | 1 | $0 |
| KARL STIEGLITZ | Director Trustee or director | 1 | $0 |
| TYLER TESKE | President Trustee or director, Officer | 10 | $0 |
| JAMES STUMME | Director Trustee or director | 1 | $0 |
| MIKE WOHLENHAUS | Director Trustee or director | 1 | $0 |
| LORI BLAKE | Director Trustee or director | 1 | $0 |
| BRETT ERICKSON | Director Trustee or director | 1 | $0 |
| TIMOTHY BIGELOW | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 13007 DOUGLAS PKWY STE 100, URBANDALE, IA 50323-1702
- In care of
- % TARBELL & CO PLC
- Principal officer (990 for 2024)
- TYLER TESKE, 13007 DOUGLAS PKWY STE 100, URBANDALE, IA 50323
- Signed the 990
- GLEN SWANSON, Treasurer
- Phone
- (641) 204-1893
- Website
- heartofiowasto.org
- Return prepared by
- TARBELL & CO PLC
Mission
ELEMENTARY & SECONDARY EDUCATION: THE ORGANIZATION DISTRIBUTES FROM FUNDS RAISED IN THE FORM OF SCHOLARSHIPS TO LOW INCOME FAMILIES. LOW INCOME IS DEFINED AS FAMILIES WITH INCOME LESS THAN FOUR TIMES THE POVERTY LEVEL FOR THEIR HOUSEHOLD. THE STATE REQUIRES THAT 90% OF THE FUNDS BE DISTRIBUTED TO THESE FAMILIES, WHICH IS ALWAYS COMPLIED WITH, BUT USUALLY AT LEAST 99% OF THE DONATIONS HAVE BEEN DISTRIBUTED TO STUDENTS ATTENDING STATE ACCREDITED NON-PUBLIC SCHOOLS.
Program accomplishments
- ELEMENTARY & SECONDARY EDUCATION: THE STATE REQUIRES THAT 90% OF THE FUNDS RAISED FOR SCHOLARSHIPS BE DISTRIBUTED TO LOW INCOME FAMILIES ATTENDING STATE ACCREDITED NON-PUBLIC SCHOOLS WHICH HAS ALWAYS BEEN DONE BY THIS STO. THE ORGANIZATION DISTRIBUTED 99% OF THE FUNDS RAISED FOR SCHOLARSHIPS FOR LOW INCOME FAMILIES ATTENDING STATE ACCREDITED NON-PUBLIC SCHOOLS FOR THE SCHOOL YEAR COVERED BY THIS FORM 990.Expenses $1,578,052 · grants $1,578,052
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 | Not 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
- 20-5286383
- 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
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $2,266,726
- Income (IRS master file)
- $1,718,514
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,718,514 | $1,594,184 | $2,266,726 | XML |
| 990 | December 2023 | $1,989,092 | $2,594,263 | $2,142,396 | XML |
| 990 | December 2022 | $2,822,143 | $2,183,334 | $2,747,567 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 20-5286383).
Questions about HEART OF IOWA SCHOOL TUITION ORGANIZATION INC
- What is the EIN of HEART OF IOWA SCHOOL TUITION ORGANIZATION INC?
- The employer identification number (EIN) of HEART OF IOWA SCHOOL TUITION ORGANIZATION INC is 20-5286383.
- Is HEART OF IOWA SCHOOL TUITION ORGANIZATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to HEART OF IOWA SCHOOL TUITION ORGANIZATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HEART OF IOWA SCHOOL TUITION ORGANIZATION INC 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 HEART OF IOWA SCHOOL TUITION ORGANIZATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HEART OF IOWA SCHOOL TUITION ORGANIZATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HEART OF IOWA SCHOOL TUITION ORGANIZATION INC?
- The 990 for the year ended December 31, 2024 names TYLER TESKE.
- Who are the officers and directors of HEART OF IOWA SCHOOL TUITION ORGANIZATION INC?
- The 990 for the year ended December 31, 2024 lists 15 people; 0 received compensation from the organization.
- How much revenue does HEART OF IOWA SCHOOL TUITION ORGANIZATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,718,514, expenses of $1,594,184 and total assets of $2,266,726 at year end.
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