Nonprofit · EIN 42-0711488
IOWA INSTITUTE FOR COOPERATIVES
Tax-exempt · AMES, IA 50010
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2026 | 990 | $1,286,943 | $1,225,471 | $61,472 | $1,067,007 | $59,896 | $1,007,111 |
| May 31, 2025 | 990 | $1,080,289 | $1,160,879 | -$80,590 | $987,074 | $47,054 | $940,020 |
| May 31, 2024 | 990 | $1,098,455 | $998,462 | $99,993 | $1,144,892 | $50,367 | $1,094,525 |
Financial details: 990 for the year ended May 31, 2026
Revenue
- Contributions, gifts and grants
- $87,000
- Program service revenue
- $1,151,028
- Investment income
- $48,915
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $15,000
- Compensation of officers, directors and key employees
- $637,538
- Other salaries and wages
- $50,675
- Salaries, compensation and benefits (total)
- $782,444
- Professional fundraising fees
- $0
- Accounting fees
- $9,229
- Occupancy
- $8,657
- Travel
- $19,451
- Depreciation
- $12,762
- Program services (functional)
- $1,225,471
Balance sheet and other
- Total assets, start of year
- $987,074
- Total assets, end of year
- $1,067,007
- Total liabilities, end of year
- $59,896
- Net assets, end of year
- $1,007,111
- Net assets without donor restrictions
- $1,007,111
- Gross receipts
- $1,286,943
- Employees
- 4
- Volunteers
- 0
- Year formed
- 1951
- 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 May 31, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DR BOBBY MARTENS | EXECUTIVE DIRECTOR Officer | 40 | $291,292 | $23,381 |
| MATTHEW EDDY | DIRECTOR OF COOPERATIVE DEVELOPMENT Key employee | 40 | $187,222 | $14,567 |
| MEGAN CARLSON | LEGISLATIVE DIRECTOR Highest-paid employee | 40 | $109,467 | $5,909 |
| DOYLE ANDERSON | PRESIDENT Trustee or director, Officer | 0.6 | $1,450 | $0 |
| DAN DIETZENBACH | SECRETARY Trustee or director, Officer | 0.6 | $1,250 | $0 |
| BRIAN LARSEN | VICE PRESIDENT Trustee or director, Officer | 0.6 | $1,200 | $0 |
| JERRY KELEHER | DIRECTOR Trustee or director | 0.6 | $1,000 | $0 |
| ED ANDERSON | DIRECTOR Trustee or director | 0.6 | $800 | $0 |
| JAKE WILLIAMS | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| WIL MANWEILER | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| COZY NELSEN | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| TAYLOR JANS | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| JASON BERKLAND | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| GREG HANSHAW | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| LEVI BAPPE | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEN MCCUBBIN | DIRECTOR Trustee or director | 0.6 | $0 |
990 for the year ended May 31, 2025: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVE HOLM | EXECUTIVE DIRECTOR (FORMER) Former | 40 | $275,316 | $30,997 |
| MATTHEW EDDY | DIRECTOR OF COOPERATIVE DEVELOPMENT Highest-paid employee | 40 | $152,025 | $0 |
| DOYLE ANDERSON | PRESIDENT Trustee or director, Officer | 0.6 | $2,250 | $0 |
| DAN DIETZENBACH | SECRETARY Trustee or director, Officer | 0.6 | $2,050 | $0 |
| BRIAN LARSEN | DIRECTOR Trustee or director | 0.6 | $1,800 | $0 |
| ED ANDERSON | DIRECTOR Trustee or director | 0.6 | $1,800 | $0 |
| TERRY PANBECKER | VICE PRESIDENT Trustee or director, Officer | 0.6 | $0 | $0 |
| JAKE WILLIAMS | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| WIL MANWEILER | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| COZY NELSEN | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| BRIAN THILGES | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| JASON BERKLAND | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| TAYLOR JANS | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| GREG HANSHAW | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| LEVI BAPPE | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| JERRY KELEHER | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| DR BOBBY MARTENS | EXECUTIVE DIRECTOR (CURRENT) Officer | 40 | $0 | $0 |
990 for the year ended May 31, 2024: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVE HOLM | EXECUTIVE DIRECTOR Officer | 40 | $218,354 | $31,370 |
| RICK KIEVITS | DIRECTOR OF COOPERATIVE DE Highest-paid employee | 40 | $171,873 | $0 |
| DOYLE ANDERSON | PRESIDENT Trustee or director, Officer | 0.6 | $1,450 | $0 |
| DAN DIETZENBACH | SECRETARY Trustee or director, Officer | 0.6 | $1,450 | $0 |
| RUBEN SKOW | VICE PRESIDENT Trustee or director, Officer | 0.6 | $1,200 | $0 |
| BRIAN LARSEN | DIRECTOR Trustee or director | 0.6 | $1,200 | $0 |
| ED ANDERSON | DIRECTOR Trustee or director | 0.6 | $1,000 | $0 |
| KENNY VANDENBERG | DIRECTOR Trustee or director | 0.6 | $1,000 | $0 |
| TERRY PANBECKER | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| JAKE WILLIAMS | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| WIL MANWEILER | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| JIM GOSSETT | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| BRIAN THILGES | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| JASON BERKLAND | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| MARCUS WILHELM | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| GREG HANSHAW | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| LEVI BAPPE | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
| DR BOBBY MARTENS | DIRECTOR Trustee or director | 0.6 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2515 UNIVERSITY BLVD STE 104, AMES, IA 50010-8628
- Principal officer (990 for 2025)
- DR BOBBY MARTENS, 2515 UNIVERSITY BLVD 104, AMES, IA 50010
- Signed the 990
- DR BOBBY MARTENS, EXECUTIVE DIRECTOR
- Phone
- (515) 292-2667
- Website
- WWW.IOWAINSTITUTE.COOP
- Return prepared by
- GARDINER COMPANY PC
Mission
THE OBJECTIVE, POWERS, AND PURPOSES OF THIS ASSOCIATION SHALL BE TO ASSOCIATE THE MEMBERS THEREOF TOGETHER INTO A SOCIETY FOR THE PURPOSE OF PROMOTING THE INTERESTS AND WELFARE OF IOWA COOPERATIVES BY ANY APPROPRIATE MEANS BUT SPECIFICALLY BY ENCOURAGING, (CONTINUE) SPONSORING, PROMOTING, AND CONDUCTING EDUCATIONAL ACTIVITIES DESIGNED TO BRING ABOUT A BETTER UNDERSTANDING OF THE THEORY, PRINCIPLES, PHILOSOPHY, PURPOSES, POSSIBILITIES, AND LIMITATIONS, AND THE ORGANIZATIONAL AND OPERATIONAL METHODS AND PRACTICES THAT ARE DISTINCTIVE OF OR PECULIAR TO THE COOPERATIVE TYPE OF BUSINESS ORGANIZATION, THE OBJECTIVE BEING TO DEVELOP A BETTER UNDERSTANDING OF THE NATURE AND PURPOSE OF COOPERATIVES, SO THAT PEOPLE MIGHT MORE FULLY REALIZE THE BENEFITS AND ADVANTAGES OF COOPERATIVE ACTIVITIES, THAT SOUND PUBLIC POLICIES AND ATTITUDES TOWARD COOPERATIVES MIGHT BE DEVELOPED AND MAINTAINED, AND THAT THE SOUND GROWTH AND DEVELOPMENT OF COOPERATIVES MIGHT BE PROMOTED.
Program accomplishments
- COOPERATIVES PROVIDE A PROVEN BUSINESS MODEL THAT HAS FOSTERED ECONOMIC PROGRESS IN IOWA FOR DECADES. THE IOWA INSTITUTE FOR COOPERATIVES (IIC) HAS BEEN LIGHTING THE WAY FOR COOPERATIVES ACROSS THE STATE SINCE 1951.OUR MEMBERS COME FROM A VARIETY OF INDUSTRIES, INCLUDING AGRICULTURE, CREDIT UNIONS, RURAL ELECTRIC, RURAL TELEPHONE, FARM CREDIT, PETROLEUM, AND MORE. WE DEVELOP EDUCATIONAL AND TRAINING PROGRAMS FOR OUR MEMBERS, PROVIDE TIMELY NEWS UPDATES, AND GUIDE LEGISLATIVE ACTIONS THAT BUILD UPON THE STRENGTH OF THE COOPERATIVE SYSTEM. WE ALSO PROMOTE NEW COOPERATIVE DEVELOPMENT AND VALUE-ADDED PRODUCTION.COOPERATIVES ALSO RELY ON US FOR SPECIAL PROJECTS, INCLUDING:(CONTINUE) - ASSISTANCE WITH BOARD RETREATS, LONG-RANGE PLANNING, MERGERS, CONSOLIDATIONS, ACQUISITIONS, AND CORPORATE RESTRUCTURING. - RESOURCES TO HELP DEVELOP NEW COOPERATIVES, INCLUDING INITIAL START-UP PLANS, FEASIBILITY STUDIES, PROJECT COORDINATION, AND RESULTS ANALYSIS. - COOPERATIVE BENCHMARKING THAT PROVIDES TIMELY UPDATES TO FINANCIAL PERFORMANCE BENCHMARKS FOR GRAIN AND FARM SUPPLY COOPERATIVES THROUGHOUT THE MIDWEST.Expenses $1,225,471 · revenue $1,151,028
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 May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | 990 on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 42-0711488
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1952
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,067,007
- Income (IRS master file)
- $1,286,943
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2026 | $1,286,943 | $1,225,471 | $1,067,007 | XML |
| 990 | May 2025 | $1,080,289 | $1,160,879 | $987,074 | XML |
| 990 | May 2024 | $1,098,455 | $998,462 | $1,144,892 | XML |
| 990 | May 2023 | $1,031,429 | $977,563 | $1,062,197 | IRS |
| 990 | May 2022 | – | – | – | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 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 42-0711488).
Questions about IOWA INSTITUTE FOR COOPERATIVES
- What is the EIN of IOWA INSTITUTE FOR COOPERATIVES?
- The employer identification number (EIN) of IOWA INSTITUTE FOR COOPERATIVES is 42-0711488.
- Is IOWA INSTITUTE FOR COOPERATIVES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1952.
- Are donations to IOWA INSTITUTE FOR COOPERATIVES tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does IOWA INSTITUTE FOR COOPERATIVES 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 INSTITUTE FOR COOPERATIVES due?
- The return for tax year 2026 (the year ending May 31, 2027) is due October 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IOWA INSTITUTE FOR COOPERATIVES last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2026.
- Who is the principal officer of IOWA INSTITUTE FOR COOPERATIVES?
- The 990 for the year ended May 31, 2026 names DR BOBBY MARTENS.
- Who are the officers and directors of IOWA INSTITUTE FOR COOPERATIVES?
- The 990 for the year ended May 31, 2026 lists 16 people; 8 received compensation from the organization, the highest $291,292 (DR BOBBY MARTENS, EXECUTIVE DIRECTOR).
- How much revenue does IOWA INSTITUTE FOR COOPERATIVES have?
- On its 990 for the year ended May 31, 2026 it reported revenue of $1,286,943, expenses of $1,225,471 and total assets of $1,067,007 at year end.
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- YOUTH AND SHELTER SERVICES INC EIN 42-1051609 · last filed 990 for 2025
- MAINSTREAM LIVING INC STUART AMBROSE EIN 42-1042459 · last filed 990 for 2024
- PRACTICAL FARMERS OF IOWA EIN 42-1255174 · last filed 990 for 2025
- KRELL INSTITUTE INC EIN 42-1457548 · last filed 990 for 2025
- RESURRECTION UNIVERSITY EIN 36-2182170 · last filed 990 for 2023
- NORTHCREST INC EIN 42-0883987 · last filed 990 for 2025
- IOWA STATE UNIVERSITY RESEARCH PARK CORP EIN 42-1309259 · last filed 990 for 2026