Nonprofit · EIN 37-1211315
IAA FOUNDATION
Tax-exempt · BLOOMINGTON, IL 61701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,301,643 | $980,510 | $321,133 | $9,912,741 | $69,831 | $9,842,910 |
| December 31, 2023 | 990 | $1,236,892 | $1,045,595 | $191,297 | $9,180,610 | $12,307 | $9,168,303 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,027,296
- of which government grants
- $354,259
- Program service revenue
- $2,000
- Investment income
- $270,560
- Net rental income
- $5,018
- Net gain from sales of assets
- $6,501
- Net income from fundraising events
- -$11,318
- Net income from sales of inventory
- $8,087
- Other revenue
- $1,787
Expenses
- Grants and similar amounts paid
- $926,902
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $8,695
- Depreciation
- $3,621
- Program services (functional)
- $926,902
- Management and general (functional)
- $53,608
Balance sheet and other
- Total assets, start of year
- $9,180,610
- Total assets, end of year
- $9,912,741
- Total liabilities, end of year
- $69,831
- Net assets, end of year
- $9,842,910
- Land, buildings and equipment
- $4,390,188
- Publicly traded securities
- $3,767,725
- Net assets without donor restrictions
- $5,244,966
- Net assets with donor restrictions
- $4,597,944
- Gross unrelated business income
- $8,087
- Gross receipts
- $4,096,983
- Employees
- 0
- Volunteers
- 55
- Year formed
- 1987
- State of legal domicile
- IL
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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Jennifer Vance | Ass't Secretary Officer | 2 | $0 | $1,077,436 | $270,063 |
| Alan Dodds | Ass't Treasurer Officer | 2 | $0 | $600,451 | $159,248 |
| Brian Duncan | President Trustee or director, Officer | 0.25 | $0 | $319,904 | $9,479 |
| Geneva Aberle | Ass't Treasurer Officer | 2 | $0 | $221,188 | $77,185 |
| Garret Thalgott | Ass't Secretary Officer | 2 | $0 | $199,762 | $73,223 |
| Susan Moore | Director Officer | 40 | $0 | $146,086 | $52,569 |
| Evan Hultine | Vice President Trustee or director, Officer | 0.25 | $0 | $133,626 | $0 |
| Steve Koeller | Trustee Trustee or director | 0.25 | $0 | $93,742 | $0 |
| Ken Cripe | Secretary Trustee or director | 0.25 | $0 | $92,240 | $0 |
| Larry Dallas | Trustee Trustee or director | 0.25 | $0 | $88,855 | $0 |
| Richard Guebert Jr | Trustee | 0 | $0 | $72,381 | $2,171 |
| Mark Reichert | Treasurer Trustee or director, Officer | 0.25 | $0 | $945 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Jennifer Vance | Ass't Secretary Officer | 2 | $0 | $1,152,371 | $285,938 |
| Alan Dodds | Ass't Treasurer Officer | 2 | $0 | $494,301 | $134,535 |
| Richard Guebert Jr | President Trustee or director, Officer | 0.25 | $0 | $525,943 | $11,897 |
| Geneva Aberle | Ass't Treasurer Officer | 2 | $0 | $204,898 | $72,883 |
| Garret Thalgott | Ass't Secretary Officer | 2 | $0 | $184,707 | $67,890 |
| Susan Moore | Director Officer | 40 | $0 | $135,165 | $48,720 |
| Brian Duncan | Vice President Trustee or director, Officer | 0.25 | $0 | $137,965 | $0 |
| Steve Koeller | Trustee Trustee or director | 0.25 | $0 | $101,365 | $0 |
| Ken Cripe | Trustee Trustee or director | 0.25 | $0 | $89,650 | $0 |
| Tammy Halterman | Treasurer Trustee or director, Officer | 0.25 | $0 | $89,650 | $0 |
| Mark Reichert | Trustee Trustee or director | 0.25 | $0 | $78,000 | $0 |
Address and contacts
- Address (IRS master file)
- 1701 TOWANDA AVE, BLOOMINGTON, IL 61701-2057
- Signed the 990
- Alan Dodds, Ass't Treasurer
- Phone
- (309) 557-2218
- Website
- www.iaafoundation.org
Mission
To fund education, research, and charitable activities that benefit Illinois farm families and agriculture.
Program accomplishments
- The organization provides funds to help educate elementary school students and teachers about the importance of agriculture.Expenses $639,685 · grants $639,685
- The organization provides scholarships to students attending a college, university or vocational school and who are seeking education in an agricultural related field.Expenses $287,217 · grants $287,217
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
- 37-1211315
- 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
- 1987
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $9,912,741
- Income (IRS master file)
- $4,096,983
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,301,643 | $980,510 | $9,912,741 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $1,236,892 | $1,045,595 | $9,180,610 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $1,332,092 | $986,836 | $8,513,976 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | 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 37-1211315).
Questions about IAA FOUNDATION
- What is the EIN of IAA FOUNDATION?
- The employer identification number (EIN) of IAA FOUNDATION is 37-1211315.
- Is IAA FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to IAA FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IAA 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 IAA FOUNDATION 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 IAA FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of IAA FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
- How much revenue does IAA FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,301,643, expenses of $980,510 and total assets of $9,912,741 at year end.
Other nonprofits in BLOOMINGTON
- ILLINOIS NETWORK OF CHILD CARE RESOURCE AND REFERRAL AGENCIES EIN 36-4096312 · last filed 990 for 2025
- CORN BELT ELECTRIC COOPERATIVE INC EIN 37-0228808 · last filed 990 for 2024
- CHESTNUT HEALTH SYSTEMS INC EIN 37-0964629 · last filed 990 for 2025
- ILLINOIS WESLEYAN UNIVERSITY EIN 37-0662594 · last filed 990 for 2025
- ILLINOIS AGRICULTURAL ASSOCIATION EIN 37-0809856 · last filed 990 for 2025
- STATE FARM COMPANIES FOUNDATION EIN 36-6110423 · last filed 990-PF for 2025
- WESTMINSTER VILLAGE INC EIN 37-1101586 · last filed 990 for 2025
- IAA CREDIT UNION EIN 37-6031888 · last filed 990 for 2025