Nonprofit · EIN 42-0959049
IOWA COLLECTORS ASSOCIATION
Tax-exempt (reinstated) · CEDAR FALLS, IA 50613
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $13,031 | $13,315 | -$284 | $31,172 | – | $31,172 |
| December 31, 2023 | 990-EZ | $16,712 | $20,642 | -$3,930 | $31,456 | – | $31,456 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $12,960
- Investment income
- $71
Expenses
- Compensation of officers, directors and key employees
- $1,500
- Salaries, compensation and benefits (total)
- $1,500
- Professional fees and payments to contractors
- $5,600
- Other expenses
- $6,215
- Program services (functional)
- $13,315
Balance sheet and other
- Total assets, start of year
- $31,456
- Total assets, end of year
- $31,172
- Total liabilities, end of year
- –
- Net assets, end of year
- $31,172
- Cash, savings and investments
- $31,172
- Gross receipts
- $13,031
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRIDGET THEDE | SECRETARY | 1 | $1,500 |
| BRIAN GRIMES | PRESIDENT | 1 | $0 |
| TOM LOCKARD | VICE PRESIDE | 1 | $0 |
| ALEXANDRIA SEARLS | TREASURER | 1 | $0 |
| MIKE FROST | LEGISLATIVE | 1 | $0 |
| TOM NOLL | DIRECTOR | 1 | $0 |
990-EZ for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRIDGET THEDE | SECRETARY | 1 | $2,250 |
| BRIAN GRIMES | PRESIDENT | 1 | $0 |
| TOM LOCKARD | VICE PRESIDE | 1 | $0 |
| WAYNE CARTER | TREASURER | 1 | $0 |
| ALEXANDRIA SEARLS | TREASURER | 1 | $0 |
| MIKE FROST | LEGISLATIVE | 1 | $0 |
| TOM NOLL | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1501 TECHNOLOGY PKWY STE 400, CEDAR FALLS, IA 50613-6921
- In care of
- % BRIDGET THEDED
- Mailing address (990-N for 2025)
- 1501 TECHNOLOGY PARKWAY SUITE 400, CEDAR FALLS IA 50613
- Principal officer (990-N for 2025)
- BRIAN GRIMES, PO BOX 180, OSKALOOSA IA 52577
- Signed the 990-EZ
- BRIDGET THEDE, SECRETARY
- Phone
- (319) 244-7038
- Return prepared by
- HOGAN - HANSEN PC
Mission
ENHANCE GROWTH, AWARENESS, AND UNDERSTANDING OF THE CREDIT AND COLLECTION INDUSTRY.
Program accomplishments
- THE ASSOCIATION REPRESENTS THE INTERESTS OF ITS MEMBERS AND THEIR CUSTOMERS IN THE CREDIT AND COLLECTION INDUSTRY. THE SERVICES INCLUDE PROVIDING INFORMATION, TRAINING, EDUCATION, AND MONITORING THE LEGISLATIVE AND REGULATORY AUTHORITY TO ASSIST MEMBERS WITH BUSINESS SOLUTIONS.Expenses $13,315
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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-N on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 42-0959049
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2026
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Mutual and membership benefit (Y03)
Revocation and reinstatement
- Exemption revoked
- September 15, 2024
- Posted by the IRS
- May 12, 2025
- Reinstated
- Effective September 15, 2024
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2025 Officer: BRIAN GRIMES | December 31, 2025 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2024 | $13,031 | $13,315 | $31,172 | XML |
| 990-EZ | December 2023 | $16,712 | $20,642 | $31,456 | XML |
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 42-0959049).
Questions about IOWA COLLECTORS ASSOCIATION
- What is the EIN of IOWA COLLECTORS ASSOCIATION?
- The employer identification number (EIN) of IOWA COLLECTORS ASSOCIATION is 42-0959049.
- Is IOWA COLLECTORS ASSOCIATION tax-exempt?
- Yes. The IRS revoked its exemption on September 15, 2024 and reinstated it effective September 15, 2024.
- Are donations to IOWA COLLECTORS ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does IOWA COLLECTORS ASSOCIATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of IOWA COLLECTORS ASSOCIATION 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 COLLECTORS ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2025 for the year ended December 31, 2025.
- Who is the principal officer of IOWA COLLECTORS ASSOCIATION?
- The 990-N for 2025 names BRIAN GRIMES.
- Who are the officers and directors of IOWA COLLECTORS ASSOCIATION?
- The 990-EZ for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $1,500 (BRIDGET THEDE, SECRETARY).
- How much revenue does IOWA COLLECTORS ASSOCIATION have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $13,031, expenses of $13,315 and total assets of $31,172 at year end.
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