Iowa Agriculture Literacy Foundation
- Assets
- $108.5k
- Revenue
- $609.8k
- Investments
- $38.2k
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 10/2014
- Data as of
- 10/2020
- EIN
- 31-1672416
Organization Overview
Iowa Agriculture Literacy Foundation is located in Des Moines, IA. The organization was established in 2014. According to its NTEE Classification (K50) the organization is classified as: Home Economics, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iowa Agriculture Literacy Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 10/2020, Iowa Agriculture Literacy Foundation generated $609.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $594.7k during the year ending 10/2020. While expenses have increased by 4.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE IOWANS WITH A FOCUS ON YOUTH REGARDING THE BREADTH AND GLOBAL SIGNIFICANCE OF AGRICULTURE. TO SERVE AS A CENTRAL RESOURCE FOR EDUCATORS AND VOLUNTEERS WHO WANT TO TEACH IOWA'S STUDENTS ABOUT AGRICULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Will Fett Executive Director | Officer | 40 | $84,438 |
Amy Powell Vice President | OfficerTrustee | 2 | $0 |
Lindsay Calvert President | OfficerTrustee | 2 | $0 |
Ronnette Vondrak Secretary/treasurer | OfficerTrustee | 2 | $0 |
Morgan Minnehan Director | Trustee | 1 | $0 |
Joyce Hoppes Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $608,416 |
| Investment income | $1,007 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $609,823 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $114,836 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $229,077 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,528 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $250 |
| Fees for services: Other | $8,901 |
| Advertising and promotion | $25,637 |
| Office expenses | $18,405 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,594 |
| Travel | $4,581 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $135 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,216 |
| All other expenses | $0 |
| Total functional expenses | $594,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $47,138 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,874 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,276 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $38,178 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $108,466 |
| Accounts payable and accrued expenses | $327 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $327 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $108,139 |
Grants Awarded
Over the last fiscal year, Iowa Agriculture Literacy Foundation has awarded $17,866 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Ankeny, IA PURPOSE: PARTNERSHIP CONTRIBUTIONS | $8,933 |
Ames, IA PURPOSE: PARTNERSHIP CONTRIBUTIONS | $8,933 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Iowa Agriculture Literacy Foundation has recieved totaling $115,232.
| Awarding Organization | Amount |
|---|---|
Iowa Corn Growers Association Johnston, IA PURPOSE: GENERAL SUPPORT | $50,000 |
Iowa Pork Producers Association Clive, IA PURPOSE: AG EDUCATION SUPPORT | $40,000 |
Iowa Beef Cattle Producers Association Ames, IA PURPOSE: SUPPORT FOR PROGRAMS | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $232 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Regional Food Bank Of Oklahoma Oklahoma City, OK | $36,553,416 | $95,465,627 |
Forgotten Harvest Inc Oak Park, MI | $66,875,011 | $91,679,704 |
Food Bank Of Eastern Michigan Inc Flint, MI | $43,208,303 | $106,664,807 |
Arkansas Foodbank Little Rock, AR | $47,278,438 | $77,056,915 |
Gods Pantry Food Bank Inc Lexington, KY | $29,295,834 | $63,304,764 |
Community Food Bank Of Eastern Oklahoma Inc Tulsa, OK | $69,259,421 | $97,549,817 |
Iowa Farm Bureau Federation West Des Moines, IA | $1,514,260,280 | $86,995,533 |
Care And Share Inc Colorado Springs, CO | $21,708,396 | $54,268,690 |
The Food Bank For Central & Northeast Missouri Inc Columbia, MO | $22,373,866 | $57,336,993 |
Feeding America West Michigan Comstock Park, MI | $22,537,304 | $50,507,823 |
Ozarks Food Harvest Inc Springfield, MO | $24,677,730 | $55,346,223 |
Foodbank For The Heartland Omaha, NE | $18,090,007 | $45,859,600 |