Nonprofit · EIN 42-1515420
AGRIBUSINESS ASSOCIATION OF IOWA FOUNDATION
Tax-exempt · DES MOINES, IA 50309
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $150,931 | $212,064 | -$61,133 | $3,873,328 | $1,782,212 | $2,091,116 |
| September 30, 2024 | 990 | $91,940 | $226,639 | -$134,699 | $3,919,759 | $1,767,510 | $2,152,249 |
| September 30, 2023 | 990 | $91,771 | $221,786 | -$130,015 | $4,034,397 | $1,747,449 | $2,286,948 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $128,648
- Program service revenue
- $0
- Investment income
- $968
- Net rental income
- $50,004
- Net income from fundraising events
- -$28,689
- Other revenue
- $21,315
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $5,900
- Depreciation
- $101,216
- Management and general (functional)
- $212,064
Balance sheet and other
- Total assets, start of year
- $3,919,759
- Total assets, end of year
- $3,873,328
- Total liabilities, end of year
- $1,782,212
- Net assets, end of year
- $2,091,116
- Land, buildings and equipment
- $3,544,572
- Net assets without donor restrictions
- $2,032,583
- Net assets with donor restrictions
- $58,533
- Gross receipts
- $179,620
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2001
- 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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JULIE KENNEY | EXECUTIVE DIRECTOR Trustee or director, Officer | 1 | $0 | $59,470 |
| AL MUHLENBRUCK | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MARK WHITE | PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOEL NELSON | CHAIR ELECT Trustee or director, Officer | 1 | $0 | $0 |
| KENT BENNIS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| RENEE HANSEN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| KEVIN DRURY | FOUNDATION REPRESENTATIVE Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended September 30, 2024: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JULIE KENNEY | EXECUTIVE DIRECTOR Trustee or director, Officer | 1 | $0 | $14,176 | $517 |
| MARK WHITE | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SHELLY KRUSE | PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| AL MUHLENBRUCK | CHAIR ELECT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOEL NELSON | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KENT BENNIS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KEVIN DRURY | FOUNDATION REP Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended September 30, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHELLY KRUSE | BOARD CHAIR Trustee or director | 1 | $0 |
| KEVIN DRURY | PAST CHAIR Trustee or director | 1 | $0 |
| MARK WHITE | CHAIR ELECT Trustee or director | 1 | $0 |
| AL MUHLENBRUCK | TREASURER Trustee or director | 1 | $0 |
| JOE NELSON | SECRETARY Trustee or director | 1 | $0 |
| JOSE LARACUENTE | FOUNDATION REP Trustee or director | 1 | $0 |
| BILL NORTHEY | EXECUTIVE DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 900 DES MOINES ST, DES MOINES, IA 50309-5501
- In care of
- % CHRIS E MURRAY
- Principal officer (990 for 2024)
- JULIE KENNEY, 900 DES MOINES ST, DES MOINES, IA 50309
- Signed the 990
- JULIE KENNEY, CEO
- Phone
- (515) 262-8323
- Return prepared by
- GARDINER COMPANY PC
Mission
AGRICULTURAL EDUCATION & RESEARCH
Program accomplishments
- THE FOUNDATION RAISES FUNDS TO SUPPORT EDUCATION, SCHOLARSHIPS, AND RESEARCH FOR THE AGRIBUSINESS INDUSTRY.
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 42-1515420
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $3,873,328
- Income (IRS master file)
- $179,620
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $150,931 | $212,064 | $3,873,328 | XML |
| 990 | September 2024 | $91,940 | $226,639 | $3,919,759 | XML |
| 990 | September 2023 | $91,771 | $221,786 | $4,034,397 | XML |
| 990 | September 2022 | $152,763 | $271,035 | $4,385,367 | IRS |
| 990 | September 2021 | $88,134 | $53,664 | $4,643,775 | IRS |
| 990 | August 2019 | – | – | – | IRS |
| 990 | August 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 42-1515420).
Questions about AGRIBUSINESS ASSOCIATION OF IOWA FOUNDATION
- What is the EIN of AGRIBUSINESS ASSOCIATION OF IOWA FOUNDATION?
- The employer identification number (EIN) of AGRIBUSINESS ASSOCIATION OF IOWA FOUNDATION is 42-1515420.
- Is AGRIBUSINESS ASSOCIATION OF IOWA FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to AGRIBUSINESS ASSOCIATION OF IOWA FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AGRIBUSINESS ASSOCIATION OF IOWA 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 AGRIBUSINESS ASSOCIATION OF IOWA FOUNDATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AGRIBUSINESS ASSOCIATION OF IOWA FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of AGRIBUSINESS ASSOCIATION OF IOWA FOUNDATION?
- The 990 for the year ended September 30, 2025 names JULIE KENNEY.
- Who are the officers and directors of AGRIBUSINESS ASSOCIATION OF IOWA FOUNDATION?
- The 990 for the year ended September 30, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does AGRIBUSINESS ASSOCIATION OF IOWA FOUNDATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $150,931, expenses of $212,064 and total assets of $3,873,328 at year end.
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All nonprofits in DES MOINES · Iowa · Philanthropy, voluntarism and grantmaking foundations