Nonprofit · EIN 42-1242565
IOWA ASSOCIATION OF BUSINESS AND INDUSTRY FOUNDATION
Tax-exempt · DES MOINES, IA 50309
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $458,044 | $524,636 | -$66,592 | $1,186,118 | $162,487 | $1,023,631 |
| June 30, 2024 | 990 | $323,488 | $462,069 | -$138,581 | $1,202,127 | $104,718 | $1,097,409 |
| September 30, 2023 | 990 | $530,394 | $519,868 | $10,526 | $1,080,983 | $122,941 | $958,042 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $224,603
- Membership dues
- $12,700
- Program service revenue
- $148,589
- Investment income
- $84,852
- Net gain from sales of assets
- $50,909
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $10,182
- Occupancy
- $28,625
- Travel
- $20,450
- Program services (functional)
- $451,121
- Management and general (functional)
- $73,515
Balance sheet and other
- Total assets, start of year
- $1,202,127
- Total assets, end of year
- $1,186,118
- Total liabilities, end of year
- $162,487
- Net assets, end of year
- $1,023,631
- Publicly traded securities
- $796,233
- Net assets without donor restrictions
- $413,495
- Net assets with donor restrictions
- $610,136
- Gross receipts
- $662,589
- Employees
- 0
- Volunteers
- 177
- Year formed
- 1984
- 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 |
|---|---|---|---|
| DICK DAVIDSON | CHAIR Trustee or director, Officer | 0.1 | $0 |
| LORI SCHAEFER WEATON | PAST CHAIR Trustee or director, Officer | 0.1 | $0 |
| NICOLE CRAIN | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 |
| MICHAEL RALSTON | SECRETARY/TREASURER (END DEC 2024) Trustee or director, Officer | 1 | $0 |
| KELLY BARRICK | DIRECTOR Trustee or director | 0.1 | $0 |
| MARY LANDHUIS | DIRECTOR Trustee or director | 0.1 | $0 |
| MICHELE WABER | DIRECTOR Trustee or director | 0.1 | $0 |
| NICOLE VAN KERREBROECK | DIRECTOR Trustee or director | 0.1 | $0 |
| CONNOR HARRINGTON | DIRECTOR Trustee or director | 0.1 | $0 |
| BARB BAKER | DIRECTOR Trustee or director | 0.1 | $0 |
| JILL BIDWELL | DIRECTOR Trustee or director | 0.1 | $0 |
| AMI BURNS | DIRECTOR Trustee or director | 0.1 | $0 |
| MATT DOTY | DIRECTOR Trustee or director | 0.1 | $0 |
| MATT FETT | DIRECTOR Trustee or director | 0.1 | $0 |
| ALEX GATES | DIRECTOR Trustee or director | 0.1 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHELE FARREL | DIRECTOR Trustee or director | 0.1 | $0 |
990 for the year ended June 30, 2024: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LORI SCHAEFER WEATON | CHAIR Trustee or director, Officer | 0.1 | $0 |
| KIM BUTLER HEGEDUS | PAST CHAIR Trustee or director, Officer | 0.1 | $0 |
| MIKE RALSTON | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 |
| JOE BENESH | DIRECTOR Trustee or director | 0.1 | $0 |
| JASON GROSS | DIRECTOR Trustee or director | 0.1 | $0 |
| LORI THIELEN | DIRECTOR Trustee or director | 0.1 | $0 |
| DICK DAVIDSON | DIRECTOR Trustee or director | 0.1 | $0 |
| MICHELE WABER | DIRECTOR Trustee or director | 0.1 | $0 |
| JEFF DENTLINGER | DIRECTOR Trustee or director | 0.1 | $0 |
| MARY LANDHUIS | DIRECTOR Trustee or director | 0.1 | $0 |
| KELLY BARRICK | DIRECTOR Trustee or director | 0.1 | $0 |
| MATT DOTY | DIRECTOR Trustee or director | 0.1 | $0 |
| ALYSON FLEMING | DIRECTOR Trustee or director | 0.1 | $0 |
| JOHN ECONOMOS | DIRECTOR Trustee or director | 0.1 | $0 |
| ALEX GATES | DIRECTOR Trustee or director | 0.1 | $0 |
| TOM MCMAHON | DIRECTOR Trustee or director | 0.1 | $0 |
990 for the year ended September 30, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lori Schaefer Weaton | Chair Trustee or director, Officer | 0.1 | $0 |
| Kim Butler Hegedus | Past Chair Trustee or director, Officer | 0.1 | $0 |
| Michele Farrell | Vice President Trustee or director, Officer | 0.1 | $0 |
| Michael Ralston | Secretary/Treasurer Trustee or director, Officer | 1 | $0 |
| Joe Benesh | Director Trustee or director | 0.1 | $0 |
| Jason Gross | Director Trustee or director | 0.1 | $0 |
| Kelly Barrick | Director Trustee or director | 0.1 | $0 |
| Lori Thielen | Director Trustee or director | 0.1 | $0 |
| Dick Davidson | Director Trustee or director | 0.1 | $0 |
| Jeff Dentlinger | Director Trustee or director | 0.1 | $0 |
| Mary Landhuis | Director Trustee or director | 0.1 | $0 |
| Alyson Fleming | Director Trustee or director | 0.1 | $0 |
| John Economos | Director Trustee or director | 0.1 | $0 |
| Alex Gates | Director Trustee or director | 0.1 | $0 |
| Michele Waber | Director Trustee or director | 0.1 | $0 |
| Tom McMahon | Director Trustee or director | 0.1 | $0 |
Address and contacts
- Address (IRS master file)
- 400 E COURT AVE STE 100, DES MOINES, IA 50309-2027
- Principal officer (990 for 2024)
- NICOLE CRAIN, 400 EAST COURT AVENUE 100, DES MOINES, IA 503092017
- Signed the 990
- NICOLE CRAIN, SECRETARY/TREASURER
- Phone
- (515) 280-8000
- Website
- WWW.IOWAABIFOUNDATION.ORG
- Return prepared by
- CREATIVE PLANNING TAX LLC
Mission
TO DELIVER PROGRAMS AND TO CONDUCT RESEARCH FOR THE BENEFIT OF STUDENTS, EDUCATORS, EMERGING LEADERS AND EMPLOYERS THAT EXPAND THEIR KNOWLEDGE AND ENHANCE THEIR INDIVIDUAL RESPONSIBILITY AND LEADERSHIP SKILLS.
Program accomplishments
- LEADERSHIP IOWA EXISTS TO EDUCATE, MOTIVATE AND DEVELOP A NETWORK OF INFORMED LEADERS THROUGHOUT THE STATE AND TO ENCOURAGE ONGOING ENGAGEMENT IN LOCAL COMMUNITIES AND THE STATE TO CREATE A BETTER FUTURE FOR IOWANS.Expenses $231,262 · revenue $121,464
- BUSINESS HORIZONS EDUCATES IOWA HIGH SCHOOL STUDENTS ABOUT ECONOMICS, THE FREE ENTERPRISE SYSTEM, ENTREPRENEURSHIP, SKILLS NEEDED TO BE SUCCESSFUL IN TODAY'S WORKPLACE, LEADERSHIP AND BUSINESS OPPORTUNITIES, AND WHY IOWA IS A GREAT PLACE TO LIVE AND WORK DURING THIS UNIQUE ONE-WEEK SUMMER PROGRAM.Expenses $129,438 · revenue $9,775
- LEADERSHIP IOWA UNIVERSITY IS A PROGRAM DESIGNED TO EDUCATE, INSPIRE, AND DEVELOP YOUNG LEADERS AS THE FOUNDATION FOR IOWA'S FUTURE ECONOMIC GROWTH AND TO ENCOURAGE THEIR ONGOING INVOLVEMENT IN LOCAL COMMUNITIES AND THE STATE TO CREATE A BETTER FUTURE FOR ALL IOWANS.Expenses $76,901 · revenue $1,600
- ELEVATE IOWA IS A STATEWIDE, INTEGRATED CAMPAIGN TO ENCOURAGE CAREERS AND EDUCATIONAL PATHWAYS IN ADVANCED MANUFACTURING. THIS BEGINS WITH BUILDING A POSITIVE PERCEPTION OF THESE CAREERS WHILE ADDRESSING MISCONCEPTIONS OF WORK ENVIRONMENT, SAFETY, AND WAGES.Expenses $13,520 · revenue $15,750
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
- 42-1242565
- 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
- 1985
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O53Z)
- Assets (IRS master file)
- $1,186,118
- Income (IRS master file)
- $662,589
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $458,044 | $524,636 | $1,186,118 | IRS |
| 990 | June 2024 | $323,488 | $462,069 | $1,202,127 | XML |
| 990 | September 2023 | $530,394 | $519,868 | $1,080,983 | XML |
| 990 | September 2022 | $680,350 | $524,815 | $1,004,678 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 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 42-1242565).
Questions about IOWA ASSOCIATION OF BUSINESS AND INDUSTRY FOUNDATION
- What is the EIN of IOWA ASSOCIATION OF BUSINESS AND INDUSTRY FOUNDATION?
- The employer identification number (EIN) of IOWA ASSOCIATION OF BUSINESS AND INDUSTRY FOUNDATION is 42-1242565.
- Is IOWA ASSOCIATION OF BUSINESS AND INDUSTRY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to IOWA ASSOCIATION OF BUSINESS AND INDUSTRY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IOWA ASSOCIATION OF BUSINESS AND INDUSTRY 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 ASSOCIATION OF BUSINESS AND INDUSTRY 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 ASSOCIATION OF BUSINESS AND INDUSTRY 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 ASSOCIATION OF BUSINESS AND INDUSTRY FOUNDATION?
- The 990 for the year ended June 30, 2025 names NICOLE CRAIN.
- Who are the officers and directors of IOWA ASSOCIATION OF BUSINESS AND INDUSTRY FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 16 people; 0 received compensation from the organization.
- How much revenue does IOWA ASSOCIATION OF BUSINESS AND INDUSTRY FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $458,044, expenses of $524,636 and total assets of $1,186,118 at year end.
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