Nonprofit · EIN 42-0745995
IOWA COLLEGE FOUNDATION
Tax-exempt · DES MOINES, IA 50309
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,335,476 | $2,117,429 | $218,047 | $8,821,600 | $66,580 | $8,755,020 |
| June 30, 2024 | 990 | $1,892,660 | $1,983,068 | -$90,408 | $8,217,567 | $105,538 | $8,112,029 |
| June 30, 2023 | 990 | $1,918,652 | $1,923,666 | -$5,014 | $7,852,626 | $104,418 | $7,748,208 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,279,796
- Program service revenue
- $681,440
- Investment income
- $374,240
- Net gain from sales of assets
- $161,798
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,424,051
- Compensation of officers, directors and key employees
- $268,627
- Other salaries and wages
- $141,191
- Salaries, compensation and benefits (total)
- $497,861
- Professional fundraising fees
- $0
- Occupancy
- $9,729
- Travel
- $27,462
- Depreciation
- $499
- Program services (functional)
- $1,424,051
- Management and general (functional)
- $424,262
- Fundraising (functional)
- $269,116
Balance sheet and other
- Total assets, start of year
- $8,217,567
- Total assets, end of year
- $8,821,600
- Total liabilities, end of year
- $66,580
- Net assets, end of year
- $8,755,020
- Net assets without donor restrictions
- $2,298,983
- Net assets with donor restrictions
- $6,456,037
- Gross receipts
- $2,998,522
- Employees
- 4
- Volunteers
- 36
- Year formed
- 1952
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ED FINN | PRESIDENT Officer | 40 | $213,081 | $55,546 |
| KENT HALL | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| RACHELLE KECK | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ALBERT MOSELY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| BRIAN WOGEN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| PETER VOORHEES | PAST BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MARK PUTNAM | MEMBER Trustee or director | 1 | $0 | $0 |
| JONATHAN BRAND | MEMBER Trustee or director | 1 | $0 | $0 |
| LINDSAY CHASE | MEMBER Trustee or director | 1 | $0 | $0 |
| NICK GERHART | MEMBER Trustee or director | 1 | $0 | $0 |
| JEFF GRIBBEN | MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN OTTOSSON | MEMBER Trustee or director | 1 | $0 | $0 |
| JAMES AIPPERSPACH | MEMBER Trustee or director | 1 | $0 | $0 |
| SUSAN HAACK | MEMBER Trustee or director | 1 | $0 | $0 |
| EARL MARTIN | MEMBER Trustee or director | 1 | $0 | $0 |
42 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TONY GOLOBIC | MEMBER Trustee or director | 1 | $0 |
| GAGE KENT | MEMBER Trustee or director | 1 | $0 |
| ROB MCDONALD | MEMBER Trustee or director | 1 | $0 |
| JOHN SMITH | MEMBER Trustee or director | 1 | $0 |
| RANDY RAMLO | MEMBER Trustee or director | 1 | $0 |
| CHRISTINE TERHARK | MEMBER Trustee or director | 1 | $0 |
| KIRK TYLER | MEMBER Trustee or director | 1 | $0 |
| STEVE DORENKAMP | MEMBER Trustee or director | 1 | $0 |
| MARTY FREDERICKS | MEMBER Trustee or director | 1 | $0 |
| CHARLIE HARTIG | MEMBER Trustee or director | 1 | $0 |
| SEAN KENNEDY | MEMBER Trustee or director | 1 | $0 |
| CLARENCE HUDSON | MEMBER Trustee or director | 1 | $0 |
| JIM RUSSELL | MEMBER Trustee or director | 1 | $0 |
| BEN STEELE | MEMBER Trustee or director | 1 | $0 |
| CHARESE YANNEY | MEMBER Trustee or director | 1 | $0 |
| JUDY RALSTON-HANSEN | MEMBER Trustee or director | 1 | $0 |
| CHRIS HYLAND | MEMBER Trustee or director | 1 | $0 |
| ANNE HARRIS | MEMBER Trustee or director | 1 | $0 |
| BRIAN LENZMEIER | MEMBER Trustee or director | 1 | $0 |
| DAVE PARGULSKI | MEMBER Trustee or director | 1 | $0 |
| CLAUDIA SCHABEL | MEMBER Trustee or director | 1 | $0 |
| JOHN STAVNES | MEMBER Trustee or director | 1 | $0 |
| DREW VOGEL | MEMBER Trustee or director | 1 | $0 |
| DAVID HAYES | MEMBER Trustee or director | 1 | $0 |
| ERIK HOEKSTRA | MEMBER Trustee or director | 1 | $0 |
| TODD OLSON | MEMBER Trustee or director | 1 | $0 |
| AMY NOVAK | MEMBER Trustee or director | 1 | $0 |
| GREGORY CHRISTY | MEMBER Trustee or director | 1 | $0 |
| MICHAEL HELAK | MEMBER Trustee or director | 1 | $0 |
| FLETCHER LAMKIN | MEMBER Trustee or director | 1 | $0 |
| KATHY FRANKEN | MEMBER Trustee or director | 1 | $0 |
| LEN DEVAISHER | MEMBER Trustee or director | 1 | $0 |
| JEFF HATFIELD | MEMBER Trustee or director | 1 | $0 |
| JIM MUDD | MEMBER Trustee or director | 1 | $0 |
| MATTHEW DRAUD | MEMBER Trustee or director | 1 | $0 |
| JOEL SHROCK | MEMBER Trustee or director | 1 | $0 |
| MIKE DOYLE | MEMBER Trustee or director | 1 | $0 |
| BRAD CHAMBERLAIN | MEMBER Trustee or director | 1 | $0 |
| CHAD BENSON | MEMBER Trustee or director | 1 | $0 |
| SUSAN STUEBNER | MEMBER Trustee or director | 1 | $0 |
| TRAVIS FRAMPTON | MEMBER Trustee or director | 1 | $0 |
| REBECCA EHRETSMAN | MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 55 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ED FINN | PRESIDENT Officer | 1 | $202,016 | $33,439 |
| KENT HALL | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| RACHELLE KECK | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ALBERT MOSELY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| BRIAN WOGEN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| PETER VOORHEES | PAST BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JAMES COLLINS | MEMBER Trustee or director | 1 | $0 | $0 |
| MARK PUTNAM | MEMBER Trustee or director | 1 | $0 | $0 |
| JONATHAN BRAND | MEMBER Trustee or director | 1 | $0 | $0 |
| LINDSAY CHASE | MEMBER Trustee or director | 1 | $0 | $0 |
| NICK GERHART | MEMBER Trustee or director | 1 | $0 | $0 |
| JEFFREY BULLOCK | MEMBER Trustee or director | 1 | $0 | $0 |
| JEFF GRIBBEN | MEMBER Trustee or director | 1 | $0 | $0 |
| REBECCA NEIDUSKI | MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN OTTOSSON | MEMBER Trustee or director | 1 | $0 | $0 |
| JAMES AIPPERSPACH | MEMBER Trustee or director | 1 | $0 | $0 |
| SUSAN HAACK | MEMBER Trustee or director | 1 | $0 | $0 |
| EARL MARTIN | MEMBER Trustee or director | 1 | $0 | $0 |
| TONY GOLOBIC | MEMBER Trustee or director | 1 | $0 | $0 |
| PATRICK JACOBSON-SCHULTE | MEMBER Trustee or director | 1 | $0 | $0 |
| JEFF HARTFIELD | MEMBER Trustee or director | 1 | $0 | $0 |
| GAGE KENT | MEMBER Trustee or director | 1 | $0 | $0 |
| ROB MCDONALD | MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN SMITH | MEMBER Trustee or director | 1 | $0 | $0 |
| RANDY RAMLO | MEMBER Trustee or director | 1 | $0 | $0 |
| CHRISTINE TERHARK | MEMBER Trustee or director | 1 | $0 | $0 |
| KIRK TYLER | MEMBER Trustee or director | 1 | $0 | $0 |
| STEVE DORENKAMP | MEMBER Trustee or director | 1 | $0 | $0 |
| MARTY FREDERICKS | MEMBER Trustee or director | 1 | $0 | $0 |
| MIKE GASSMAN | MEMBER Trustee or director | 1 | $0 | $0 |
| CHARLIE HARTIG | MEMBER Trustee or director | 1 | $0 | $0 |
| SEAN KENNEDY | MEMBER Trustee or director | 1 | $0 | $0 |
| CLARENCE HUDSON | MEMBER Trustee or director | 1 | $0 | $0 |
| JIM RUSSELL | MEMBER Trustee or director | 1 | $0 | $0 |
| BEN STEELE | MEMBER Trustee or director | 1 | $0 | $0 |
| CHARESE YANNEY | MEMBER Trustee or director | 1 | $0 | $0 |
| JUDY RALSTON-HANSEN | MEMBER Trustee or director | 1 | $0 | $0 |
| JENIFER WARD | MEMBER Trustee or director | 1 | $0 | $0 |
| CHRIS HYLAND | MEMBER Trustee or director | 1 | $0 | $0 |
| ANNE HARRIS | MEMBER Trustee or director | 1 | $0 | $0 |
| BRIAN LENZMEIER | MEMBER Trustee or director | 1 | $0 | $0 |
| DAVE PARGULSKI | MEMBER Trustee or director | 1 | $0 | $0 |
| CLAUDIA SCHABEL | MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN STAVNES | MEMBER Trustee or director | 1 | $0 | $0 |
| DREW VOGEL | MEMBER Trustee or director | 1 | $0 | $0 |
| DAVID HAYES | MEMBER Trustee or director | 1 | $0 | $0 |
| ERIK HOEKSTRA | MEMBER Trustee or director | 1 | $0 | $0 |
| TODD OLSON | MEMBER Trustee or director | 1 | $0 | $0 |
| AMY NOVAK | MEMBER Trustee or director | 1 | $0 | $0 |
| GREGORY CHRISTY | MEMBER Trustee or director | 1 | $0 | $0 |
| MICHAEL HELAK | MEMBER Trustee or director | 1 | $0 | $0 |
| FLETCHER LAMKIN | MEMBER Trustee or director | 1 | $0 | $0 |
| PATRICIA DRAVES | MEMBER Trustee or director | 1 | $0 | $0 |
| JAY BEYERS | MEMBER Trustee or director | 1 | $0 | $0 |
| KATHY FRANKEN | MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 51 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ED FINN | PRESIDENT Officer | 1 | $193,421 | $30,394 |
| PETER VOORHEES | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| PATRICIA DRAVES | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| WILLIAM DUFFY II | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JOHN STAVNES | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| SUSAN HAACK | PAST BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JAMES COLLINS | MEMBER Trustee or director | 1 | $0 | $0 |
| MARK PUTNAM | MEMBER Trustee or director | 1 | $0 | $0 |
| JONATHAN BRAND | MEMBER Trustee or director | 1 | $0 | $0 |
| KENT HENNING | MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN REYNDERS | MEMBER Trustee or director | 1 | $0 | $0 |
| JEFFREY BULLOCK | MEMBER Trustee or director | 1 | $0 | $0 |
| THOM CHESNEY | MEMBER Trustee or director | 1 | $0 | $0 |
| DARREL COLSON | MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN OTTOSSON | MEMBER Trustee or director | 1 | $0 | $0 |
| JAMES AIPPERSPACH | MEMBER Trustee or director | 1 | $0 | $0 |
| STEVEN BRADFORD | MEMBER Trustee or director | 1 | $0 | $0 |
| EARL MARTIN | MEMBER Trustee or director | 1 | $0 | $0 |
| TONY GOLOBIC | MEMBER Trustee or director | 1 | $0 | $0 |
| KENT HALL | MEMBER Trustee or director | 1 | $0 | $0 |
| NICK HENDERSON | MEMBER Trustee or director | 1 | $0 | $0 |
| GAGE KENT | MEMBER Trustee or director | 1 | $0 | $0 |
| ROB MCDONALD | MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN SMITH | MEMBER Trustee or director | 1 | $0 | $0 |
| RANDY RAMLO | MEMBER Trustee or director | 1 | $0 | $0 |
| CHRISTINE TERHARK | MEMBER Trustee or director | 1 | $0 | $0 |
| KIRK TYLER | MEMBER Trustee or director | 1 | $0 | $0 |
| STEVE DORENKAMP | MEMBER Trustee or director | 1 | $0 | $0 |
| MARTY FREDERICKS | MEMBER Trustee or director | 1 | $0 | $0 |
| MIKE GASSMAN | MEMBER Trustee or director | 1 | $0 | $0 |
| CHARLIE HARTIG | MEMBER Trustee or director | 1 | $0 | $0 |
| SEAN KENNEDY | MEMBER Trustee or director | 1 | $0 | $0 |
| LISA MCQUERREY | MEMBER Trustee or director | 1 | $0 | $0 |
| JIM RUSSELL | MEMBER Trustee or director | 1 | $0 | $0 |
| BEN STEELE | MEMBER Trustee or director | 1 | $0 | $0 |
| CHARESE YANNEY | MEMBER Trustee or director | 1 | $0 | $0 |
| JUDY RALSTON-HANSEN | MEMBER Trustee or director | 1 | $0 | $0 |
| JENIFER WARD | MEMBER Trustee or director | 1 | $0 | $0 |
| RACHELLE KARSTENS | MEMBER Trustee or director | 1 | $0 | $0 |
| ANNE HARRIS | MEMBER Trustee or director | 1 | $0 | $0 |
| BRIAN LENZMEIER | MEMBER Trustee or director | 1 | $0 | $0 |
| MARSHA KELLIHER | MEMBER Trustee or director | 1 | $0 | $0 |
| CHRISTINE PLUNKETT | MEMBER Trustee or director | 1 | $0 | $0 |
| DREW VOGEL | MEMBER Trustee or director | 1 | $0 | $0 |
| BRIAN WOGEN | MEMBER Trustee or director | 1 | $0 | $0 |
| DAVID HAYES | MEMBER Trustee or director | 1 | $0 | $0 |
| ERIK HOEKSTRA | MEMBER Trustee or director | 1 | $0 | $0 |
| TODD OLSON | MEMBER Trustee or director | 1 | $0 | $0 |
| AMY NOVAK | MEMBER Trustee or director | 1 | $0 | $0 |
| GREGORY CHRISTY | MEMBER Trustee or director | 1 | $0 | $0 |
| MICHAEL HELAK | MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 505 5TH AVE STE 1034, DES MOINES, IA 50309-2396
- Principal officer (990 for 2024)
- ED FINN, 505 FIFTH AVENUE 1034, DES MOINES, IA 50309
- Signed the 990
- ED FINN, PRESIDENT
- Phone
- (515) 282-0473
- Return prepared by
- DENMAN CPA LLP
Mission
THE FOUNDATION IS ORGANIZED TO FURTHER THE GROWTH AND DEVELOPMENT OF PRIVATE COLLEGES AND UNIVERSITIES OF HIGHER EDUCATION IN IOWA.
Program accomplishments
- DISTRIBUTIONS OF CONTRIBUTIONS TO MEMBER COLLEGES AND UNIVERSITIES.Expenses $1,424,051 · grants $1,424,051 · revenue $681,440
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 42-0745995
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1953
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $8,821,600
- Income (IRS master file)
- $2,998,522
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,335,476 | $2,117,429 | $8,821,600 | IRS |
| 990 | June 2024 | $1,892,660 | $1,983,068 | $8,217,567 | XML |
| 990 | June 2023 | $1,918,652 | $1,923,666 | $7,852,626 | XML |
| 990 | June 2022 | $1,927,763 | $1,952,821 | $7,601,336 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 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 42-0745995).
Questions about IOWA COLLEGE FOUNDATION
- What is the EIN of IOWA COLLEGE FOUNDATION?
- The employer identification number (EIN) of IOWA COLLEGE FOUNDATION is 42-0745995.
- Is IOWA COLLEGE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1953.
- Are donations to IOWA COLLEGE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IOWA COLLEGE 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 IOWA COLLEGE FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IOWA COLLEGE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of IOWA COLLEGE FOUNDATION?
- The 990 for the year ended June 30, 2025 names ED FINN.
- Who are the officers and directors of IOWA COLLEGE FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 57 people; 1 received compensation from the organization, the highest $213,081 (ED FINN, PRESIDENT).
- How much revenue does IOWA COLLEGE FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,335,476, expenses of $2,117,429 and total assets of $8,821,600 at year end.
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