Nonprofit · EIN 61-1540449
IOWA INDEPENDENT SCHOOL TUITION ORGANIZATION
Tax-exempt · DES MOINES, IA 50312
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $231,257 | $213,110 | $18,147 | $221,294 | $0 | $221,294 |
| December 31, 2024 | 990 | $202,515 | $162,052 | $40,463 | $203,147 | $0 | $203,147 |
| December 31, 2023 | 990 | $144,361 | $206,498 | -$62,137 | $162,684 | $0 | $162,684 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $225,221
- Program service revenue
- $0
- Investment income
- $6,036
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $183,150
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $4,000
- Program services (functional)
- $183,150
- Management and general (functional)
- $29,960
Balance sheet and other
- Total assets, start of year
- $203,147
- Total assets, end of year
- $221,294
- Total liabilities, end of year
- $0
- Net assets, end of year
- $221,294
- Net assets without donor restrictions
- $19,495
- Net assets with donor restrictions
- $201,799
- Gross receipts
- $231,257
- Employees
- 0
- Volunteers
- 9
- Year formed
- 2007
- 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 |
|---|---|---|---|
| NATHAN OLSON | ADMINISTRATOR Trustee or director | 4 | $25,000 |
| JEREMY OURS | President Trustee or director, Officer | 2 | $0 |
| LEEANN CHALUPA | Director Trustee or director | 2 | $0 |
| RICHARD BEALL | Director Trustee or director | 2 | $0 |
| LAURA VALLS | Director Trustee or director | 2 | $0 |
| STACY STOYANOFF | Director Trustee or director | 2 | $0 |
| KATIE EWING | Director Trustee or director | 2 | $0 |
| ANNE EHLINGER | Director Trustee or director | 2 | $0 |
| CHRISTIE STOVER | Director Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NATHAN OLSON | ADMINISTRATOR Trustee or director | 4 | $13,000 |
| JEREMY OURS | President Trustee or director, Officer | 2 | $0 |
| LEEANN CHALUPA | Director Trustee or director | 2 | $0 |
| RICHARD BEALL | Director Trustee or director | 2 | $0 |
| LAURA VALLS | Director Trustee or director | 2 | $0 |
| STACY STOYANOFF | Director Trustee or director | 2 | $0 |
| KATIE EWING | Director Trustee or director | 2 | $0 |
| CHRISTIE STOVER | Director Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEREMY OURS | President Trustee or director, Officer | 2 | $0 |
| RICHARD BEALL | Director Trustee or director | 2 | $0 |
| LAURA VALLS | Director Trustee or director | 2 | $0 |
| THERESA BLOSSOM | Director Trustee or director | 2 | $0 |
| KATIE EWING | Director Trustee or director | 2 | $0 |
| MICHELLE BENINGA | Secretary Trustee or director, Officer | 2 | $0 |
| CHRISTIE STOVER | Director Trustee or director | 2 | $0 |
| NATHAN OLSON | ADMINISTRATOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- C/O BERGMAN ACADEMY 100 45TH STREET, DES MOINES, IA 50312-0000
- In care of
- % WILLIAM GOLDSTEIN
- Mailing address (990-N for 2007)
- 100 45th Street, Des Moines IA 50312
- Principal officer (990 for 2025)
- JEREMY OURS, C/O BERGMAN ACADEMY 100 45TH STREET, DES MOINES, IA 50312
- Principal officer (990-N for 2007)
- William Goldstein, Maharishi University of Mgt, 1000 N 4th, Fairfield IA 52557
- Signed the 990
- JEREMY OURS, President
- Phone
- (515) 314-4034
- Website
- www.iisto.com
- Return prepared by
- TARBELL & CO PLC
Mission
TO SOLICIT DONATIONS FROM THE GENERAL PUBLIC IN ORDER TO PROVIDE FUNDS TO EACH MEMBER SCHOOL WHO THEN ALLOCATE THE FUNDS TO QUALIFYING FAMILIES PURSUANT TO IOWA CODE SECTION 422.11S.
Program accomplishments
- IOWA INDEPENDENT SCHOOL TUITION ORGANIZATION PROVIDED SCHOLARSHIPS TO ELIGIBLE STUDENTS ATTENDING NON-PUBLIC K-12 SCHOOLS IN THE STATE OF IOWA WHICH ARE ACCREDITED UNDER IOWA CODE 256.11 AND ADHERES TO THE PROVISIONS OF THE FEDERAL CIVIL RIGHTS ACT OF 1964 AND CHAPTER 216. AN "ELIGIBLE STUDENT" IS A STUDENT WHO IS A MEMBER OF A HOUSEHOLD WHOSE TOTAL ANNUAL INCOME DURING THE CALENDAR YEAR BEFORE THE STUDENT RECEIVES A TUITION GRANT DOES NOT EXCEED AN AMOUNT EQUAL TO FOUR TIMES THE MOST RECENTLY PUBLISHED FEDERAL POVERTY GUIDELINES IN THE FEDERAL REGISTER BY THE UNITED STATES DEPARTMENT OF HEALTH AND HUMAN SERVICES.AS PROVIDED ON SCHEDULE I OF THIS FORM 990, THE ORGANIZATION DISTRIBUTED $183,150 IN THE FORM OF SCHOLARSHIPS. SCHOLARSHIP DISTRIBUTIONS WERE MADE DIRECTLY TO 4 ACCREDITED, NON-PUBLIC SCHOOLS LOCATED IN THE STATE OF IOWA TO PROVIDE TUITION ASSISTANCE FOR STUDENTS FROM ELIGIBLE FAMILIES AS DESCRIBED ABOVE.Expenses $183,150 · grants $183,150
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
- 61-1540449
- 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
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B12)
- Assets (IRS master file)
- $221,294
- Income (IRS master file)
- $231,257
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $231,257 | $213,110 | $221,294 | XML |
| 990 | December 2024 | $202,515 | $162,052 | $203,147 | IRS |
| 990 | December 2023 | $144,361 | $206,498 | $162,684 | XML |
| 990 | December 2022 | $217,095 | $321,678 | $224,821 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2007 Officer: William Goldstein | December 31, 2007 | ≤ $50,000 receipts | – | – | e-Postcard |
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 61-1540449).
Questions about IOWA INDEPENDENT SCHOOL TUITION ORGANIZATION
- What is the EIN of IOWA INDEPENDENT SCHOOL TUITION ORGANIZATION?
- The employer identification number (EIN) of IOWA INDEPENDENT SCHOOL TUITION ORGANIZATION is 61-1540449.
- Is IOWA INDEPENDENT SCHOOL TUITION ORGANIZATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to IOWA INDEPENDENT SCHOOL TUITION ORGANIZATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IOWA INDEPENDENT SCHOOL TUITION ORGANIZATION 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 INDEPENDENT SCHOOL TUITION ORGANIZATION 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 INDEPENDENT SCHOOL TUITION ORGANIZATION 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 INDEPENDENT SCHOOL TUITION ORGANIZATION?
- The 990 for the year ended December 31, 2025 names JEREMY OURS.
- Who are the officers and directors of IOWA INDEPENDENT SCHOOL TUITION ORGANIZATION?
- The 990 for the year ended December 31, 2025 lists 9 people; 1 received compensation from the organization, the highest $25,000 (NATHAN OLSON, ADMINISTRATOR).
- How much revenue does IOWA INDEPENDENT SCHOOL TUITION ORGANIZATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $231,257, expenses of $213,110 and total assets of $221,294 at year end.
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