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Nonprofit · EIN 42-1453731

SOUTHWEST IOWA FOUNDATION INC

Tax-exempt · OMAHA, NE 68124

Financials

$413K$647K2023$651K$1.3M2024
Revenue Expenses · by fiscal year end
Financials of SOUTHWEST IOWA FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$650,679$1,261,014-$610,335$7,674,528$0$7,674,528
December 31, 2023990$413,396$646,996-$233,600$8,221,897$20,492$8,201,405
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$650,679
Net gain from sales of assets
$450,940
Other revenue
$0

Expenses

Grants and similar amounts paid
$1,124,558
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$2,939
Program services (functional)
$1,204,937
Management and general (functional)
$56,077

Balance sheet and other

Total assets, start of year
$8,221,897
Total assets, end of year
$7,674,528
Total liabilities, end of year
$0
Net assets, end of year
$7,674,528
Publicly traded securities
$7,260,132
Net assets without donor restrictions
$7,674,528
Gross receipts
$2,257,105
Employees
0
Year formed
1996
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, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
Donna KushDirector
Trustee or director
1$0$522,501$45,860
Mark HanwrightDirector
Trustee or director
1$0$0$0
John M BurnsPresident
Trustee or director, Officer
2$0$0$0
John P NelsonDirector
Trustee or director
1$0$0$0
Thomas SchmittDirector
Trustee or director
1$0$0$0
Thomas D WhitsonSec/Treasurer
Trustee or director, Officer
1$0$0$0
Steven BaumertVice President
Trustee or director, Officer
1$0$0$0
Dennis NissenDirector
Trustee or director
1$0$0$0
Scott HartmanDirector
Trustee or director
1$0$0$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
Donna KushDirector
Trustee or director
1$0$476,086$44,120
Mark HanwrightDirector
Trustee or director
1$0$0$0
John M BurnsPresident
Trustee or director, Officer
2$0$0$0
John P NelsonDirector
Trustee or director
1$0$0$0
Thomas SchmittDirector
Trustee or director
1$0$0$0
Thomas D WhitsonSec/Treasurer
Trustee or director, Officer
1$0$0$0
Steven BaumertVice President
Trustee or director, Officer
1$0$0$0
Dennis NissenDirector
Trustee or director
1$0$0$0
Scott HartmanDirector
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
1120 S 101ST ST STE 320, OMAHA, NE 68124-1088
In care of
% OCF
Signed the 990
John Burns, President
Phone
(402) 342-3458

Mission

Support Omaha Community Foundation's Mission.

990 for the year ended December 31, 2024

Program accomplishments

  • The mission of the Southwest Iowa Foundation is to improve the quality of life in Southwest Iowa by promoting philanthropy, social progress, and economic development by supporting those organizations and programs devoted to those missions.
    Expenses $1,204,937 · grants $1,124,558

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
42-1453731
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization, Type I
Donations deductible (Pub 78)
Supporting organization, 50% limit
Exempt since
2019
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$7,674,528
Income (IRS master file)
$2,257,105

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$650,679$1,261,014$7,674,528XML
990December 2023$413,396$646,996$8,221,897XML
990December 2022$399,578$574,492$7,844,695IRS
990December 2021–––IRS
990December 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 42-1453731).

Questions about SOUTHWEST IOWA FOUNDATION INC

What is the EIN of SOUTHWEST IOWA FOUNDATION INC?
The employer identification number (EIN) of SOUTHWEST IOWA FOUNDATION INC is 42-1453731.
Is SOUTHWEST IOWA FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
Are donations to SOUTHWEST IOWA FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
Which annual return does SOUTHWEST IOWA 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 SOUTHWEST IOWA FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SOUTHWEST IOWA FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of SOUTHWEST IOWA FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
How much revenue does SOUTHWEST IOWA FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $650,679, expenses of $1,261,014 and total assets of $7,674,528 at year end.

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