Nonprofit · EIN 42-1453731
SOUTHWEST IOWA FOUNDATION INC
Tax-exempt · OMAHA, NE 68124
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $650,679 | $1,261,014 | -$610,335 | $7,674,528 | $0 | $7,674,528 |
| December 31, 2023 | 990 | $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.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Donna Kush | Director Trustee or director | 1 | $0 | $522,501 | $45,860 |
| Mark Hanwright | Director Trustee or director | 1 | $0 | $0 | $0 |
| John M Burns | President Trustee or director, Officer | 2 | $0 | $0 | $0 |
| John P Nelson | Director Trustee or director | 1 | $0 | $0 | $0 |
| Thomas Schmitt | Director Trustee or director | 1 | $0 | $0 | $0 |
| Thomas D Whitson | Sec/Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Steven Baumert | Vice President Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Dennis Nissen | Director Trustee or director | 1 | $0 | $0 | $0 |
| Scott Hartman | Director Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Donna Kush | Director Trustee or director | 1 | $0 | $476,086 | $44,120 |
| Mark Hanwright | Director Trustee or director | 1 | $0 | $0 | $0 |
| John M Burns | President Trustee or director, Officer | 2 | $0 | $0 | $0 |
| John P Nelson | Director Trustee or director | 1 | $0 | $0 | $0 |
| Thomas Schmitt | Director Trustee or director | 1 | $0 | $0 | $0 |
| Thomas D Whitson | Sec/Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Steven Baumert | Vice President Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Dennis Nissen | Director Trustee or director | 1 | $0 | $0 | $0 |
| Scott Hartman | Director 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.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not 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
- 42-1453731
- 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
- Category (NTEE)
- Crime and legal-related (I70)
- Assets (IRS master file)
- $7,674,528
- Income (IRS master file)
- $2,257,105
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $650,679 | $1,261,014 | $7,674,528 | XML |
| 990 | December 2023 | $413,396 | $646,996 | $8,221,897 | XML |
| 990 | December 2022 | $399,578 | $574,492 | $7,844,695 | 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 42-1453731).
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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