Nonprofit · EIN 42-1438113
IOWA CREDIT UNION FOUNDATION INC
Tax-exempt · WDM, IA 50266
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $802,560 | $731,230 | $71,330 | $2,489,616 | $18,725 | $2,470,891 |
| December 31, 2024 | 990 | $618,826 | $568,535 | $50,291 | $2,356,286 | $19,672 | $2,336,614 |
| December 31, 2023 | 990 | $494,711 | $471,852 | $22,859 | $2,249,491 | $24,183 | $2,225,308 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $558,857
- Program service revenue
- $24,000
- Investment income
- $142,935
- Net gain from sales of assets
- $70,035
- Net income from fundraising events
- $76,768
- Other revenue
- $76,768
Expenses
- Grants and similar amounts paid
- $337,336
- Compensation of officers, directors and key employees
- $111,525
- Other salaries and wages
- $45,533
- Salaries, compensation and benefits (total)
- $186,552
- Professional fundraising fees
- $0
- Accounting fees
- $67,779
- Occupancy
- $8,846
- Travel
- $9,491
- Program services (functional)
- $441,661
- Management and general (functional)
- $173,701
- Fundraising (functional)
- $115,868
Balance sheet and other
- Total assets, start of year
- $2,356,286
- Total assets, end of year
- $2,489,616
- Total liabilities, end of year
- $18,725
- Net assets, end of year
- $2,470,891
- Net assets without donor restrictions
- $591,814
- Net assets with donor restrictions
- $1,879,077
- Gross receipts
- $1,183,544
- Employees
- 2
- Volunteers
- 16
- Year formed
- 1995
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JELENA BABIC BARNES | EXECUTIVE DIRECTOR Officer | 40 | $100,531 | $10,994 |
| JORDAN HENSLEY | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JULIE WILLSE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| REBECCA NEADES | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JENNIFER NAEVE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ALEJANDRO ALANIZ | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MARY BONTRAGER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DAVE CALE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DONNA DYER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KIM FETTKETHER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| PAULA O'ROURKE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JOHN PARKS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| LINDSEY RAMOS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| TRACI STILES | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
990 for the year ended December 31, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JELENA BABIC BARNES | EXECUTIVE DIRECTOR Officer | 40 | $80,804 | $9,471 |
| MARIAN HOLMES | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JORDAN HENSLEY | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JULIE WILLSE | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| REBECCA NEADES | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ALEJANDRO ALANIZ | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JIM ANDERSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MARY BONTRAGER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DAVE CALE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ADAM CARROLL | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DONNA DYER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KIM FETTKETHER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JENNIFER NAEVE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| PAULA O'ROURKE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JOHN PARKS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JELENA BABIC BARNES | EXECUTIVE DIRECTOR Officer | 40 | $79,852 | $15,100 |
| MARIAN HOLMES | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JORDAN HENSLEY | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JULIE WILLSE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| REBECCA NEADES | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ANN MCMILLIAN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ALEJANDRO ALANIZ | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JIM ANDERSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MARY BONTRAGER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ADAM CARROLL | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ANGELA DRURY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DONNA DYER-BISCHOFF | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DANIELLE GRATTON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JENNIFER NAEVE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| PAULA O'ROURKE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KIM FETTKETHER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 7745 OFFICE PLAZA DR N STE 170, WDM, IA 50266-2309
- Principal officer (990 for 2025)
- JELENA BABIC BARNES, 7745 OFFICE PLAZA DR NORTH 170, WEST DES MOINES, IA 50266
- Signed the 990
- JELENA BABIC BARNES, EXECUTIVE DIRECTOR
- Phone
- (515) 221-3002
- Return prepared by
- RSM US LLP
Mission
FOUNDED IN 1995 AS THE PHILANTHROPIC ARM OF THE IOWA CREDIT UNION LEAGUE AND GUIDED BY THE CREDIT UNION PHILOSOPHY OF "PEOPLE HELPING PEOPLE", THE IOWA CREDIT UNION FOUNDATION (THE FOUNDATION) WORKS TO CHAMPION FINANCIAL WELL-BEING FOR ALL. THE FOUNDATION'S VISION IS TO BE A HUB FOR CREDIT UNION PHILANTHROPY.
Program accomplishments
- INVESTING IN COMMUNITY RESEARCH TO UNDERSTAND THE FINANCIAL REALITIES OF IOWANS, FUNDING GRANTS TO CREDIT UNIONS TO SUPPORT NEW TECHNOLOGY, STRATEGIC PLANNING, OTHER SERVICES, AND SUPPORTING FUNDING OF OTHER COMMUNITY ORGANIZATIONS INVESTING IN CREDIT UNION MISSION ALIGNED INITIATIVES.Expenses $338,425 · grants $234,100
- SCHOLARSHIPS: IOWA CREDIT UNION FOUNDATION OFFERS SCHOLARSHIPS TO CREDIT UNION MEMBERS PURSUING OR COMPLETING POST-SECONDARY EDUCATION.Expenses $66,000 · grants $66,000
- PEOPLE HELPING PEOPLE: PROVIDING FINANCIAL COACH TRAINING, DISASTER RELIEF ASSISTANCE, AND GRANTS TO OTHER ORGANIZATIONS INVESTING IN CREDIT UNION MEMBER SUPPORT.Expenses $24,786 · grants $24,786 · revenue $24,000
- INDIVIDUAL DEVELOPMENT ACCOUNTS: MATCHED SAVINGS ACCOUNTS FOR LOW AND MODERATE INCOME WORKING SAVERS. IOWA CREDIT UNION FOUNDATION MATCHES SAVINGS UP TO A CERTAIN AMOUNT BASED UPON GUIDELINES FROM MATCH FUND PROVIDERS.Expenses $12,450 · grants $12,450
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 | 990 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
- 42-1438113
- 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
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Unknown (Z99)
- Assets (IRS master file)
- $2,489,616
- Income (IRS master file)
- $1,183,544
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $802,560 | $731,230 | $2,489,616 | XML |
| 990 | December 2024 | $618,826 | $568,535 | $2,356,286 | IRS |
| 990 | December 2023 | $494,711 | $471,852 | $2,249,491 | XML |
| 990 | December 2022 | $425,847 | $426,890 | $2,092,625 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 42-1438113).
Questions about IOWA CREDIT UNION FOUNDATION INC
- What is the EIN of IOWA CREDIT UNION FOUNDATION INC?
- The employer identification number (EIN) of IOWA CREDIT UNION FOUNDATION INC is 42-1438113.
- Is IOWA CREDIT UNION FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to IOWA CREDIT UNION FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IOWA CREDIT UNION FOUNDATION INC 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 CREDIT UNION FOUNDATION INC 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 CREDIT UNION FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of IOWA CREDIT UNION FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names JELENA BABIC BARNES.
- Who are the officers and directors of IOWA CREDIT UNION FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 14 people; 1 received compensation from the organization, the highest $100,531 (JELENA BABIC BARNES, EXECUTIVE DIRECTOR).
- How much revenue does IOWA CREDIT UNION FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $802,560, expenses of $731,230 and total assets of $2,489,616 at year end.
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