Nonprofit · EIN 27-2940802
IOWA AGRICULTURAL MITIGATION
Tax-exempt · BOONE, IA 50036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,405,681 | $595,405 | $810,276 | $1,712,468 | $22,092 | $1,690,376 |
| December 31, 2024 | 990 | $3,297,055 | $2,961,633 | $335,422 | $1,208,012 | $327,912 | $880,100 |
| December 31, 2023 | 990 | $33,121 | $349,532 | -$316,411 | $546,951 | $2,273 | $544,678 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $326,864
- of which government grants
- $326,864
- Program service revenue
- $1,042,050
- Investment income
- $36,767
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $120
- Accounting fees
- $12,203
- Travel
- $8,782
Balance sheet and other
- Total assets, start of year
- $1,208,012
- Total assets, end of year
- $1,712,468
- Total liabilities, end of year
- $22,092
- Net assets, end of year
- $1,690,376
- Net assets without donor restrictions
- $1,690,376
- Gross receipts
- $1,405,681
- Employees
- 0
- Year formed
- 2010
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dan Heissel | President Trustee or director, Officer | 2 | $0 |
| Warren Johnson | Vice President Trustee or director, Officer | 2 | $0 |
| Jim Frederick | Secretary Trustee or director, Officer | 2 | $0 |
| John Torbert | Treasurer Trustee or director, Officer | 2 | $0 |
| Mollie Aronowitz | Director Trustee or director | 2 | $0 |
| Anna Gray | Director Trustee or director | 0 | $0 |
| Keegan Kult | Director Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dan Heissel | President Trustee or director, Officer | 2 | $0 |
| Warren Johnson | Vice President Trustee or director, Officer | 2 | $0 |
| Jim Frederick | Secretary Trustee or director, Officer | 2 | $0 |
| John Torbert | Treasurer Trustee or director, Officer | 2 | $0 |
| Mollie Aronowitz | Director Trustee or director | 2 | $0 |
| Anna Gray | Director Trustee or director | 0 | $0 |
| Keegan Kult | Director Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dan Heissel | President Trustee or director, Officer | 2 | $0 |
| Warren Johnson | Vice President Trustee or director, Officer | 2 | $0 |
| Jim Frederick | Secretary Trustee or director, Officer | 2 | $0 |
| John Torbert | Treasurer Trustee or director, Officer | 2 | $0 |
| Mollie Aronowitz | Director Trustee or director | 2 | $0 |
| Duane Sand | Director Trustee or director | 2 | $0 |
| Keegan Kult | Director Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1002 QUARTZ AVE, BOONE, IA 50036-7478
- Signed the 990
- Kim Perlstein, Executive Director
- Phone
- (515) 298-4974
- Return prepared by
- TP ANDERSON & COMPANY PC CPAS
Mission
The mission of the Iowa Agricultural Mitigation Bank is to provide wetland mitigation credits for impacts to farmed wetlands in north-central Iowa. The bank is intended to provide owners of farmed wetlands an alternative replacement option.
Program accomplishments
- Provide wetland mitigation credits to farmed wetlands in north-central Iowa. The bank is intended to provide owners of farmed wetland an alternative replacement option.
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
- 27-2940802
- Tax-exempt status
- 501(c)(5): Labor, agricultural or horticultural organization
- Donations deductible
- No
- Exempt since
- 2011
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C34)
- Assets (IRS master file)
- $1,712,468
- Income (IRS master file)
- $1,405,681
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,405,681 | $595,405 | $1,712,468 | XML |
| 990 | December 2024 | $3,297,055 | $2,961,633 | $1,208,012 | XML |
| 990 | December 2023 | $33,121 | $349,532 | $546,951 | IRS |
| 990 | December 2022 | $405,500 | $266,755 | $862,689 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 27-2940802).
Questions about IOWA AGRICULTURAL MITIGATION
- What is the EIN of IOWA AGRICULTURAL MITIGATION?
- The employer identification number (EIN) of IOWA AGRICULTURAL MITIGATION is 27-2940802.
- Is IOWA AGRICULTURAL MITIGATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(5) since 2011.
- Are donations to IOWA AGRICULTURAL MITIGATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does IOWA AGRICULTURAL MITIGATION 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 IOWA AGRICULTURAL MITIGATION 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 IOWA AGRICULTURAL MITIGATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who are the officers and directors of IOWA AGRICULTURAL MITIGATION?
- The 990 for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does IOWA AGRICULTURAL MITIGATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,405,681, expenses of $595,405 and total assets of $1,712,468 at year end.
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