Iowa Funeral Directors And Embalmers Association Incorporated
- Assets
- $3.7m
- Revenue
- $426.7k
- Investments
- $419.4k
- Employees
- 5
- Location
- West Des Moines, IA
- Founding
- 09/1953
- Data as of
- 12/2022
- EIN
- 42-0725636
Organization Overview
Iowa Funeral Directors And Embalmers Association Incorporated is located in West Des Moines, IA. The organization was established in 1953. According to its NTEE Classification (Y50) the organization is classified as: Cemeteries, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2022, Iowa Funeral Directors And Embalmers Association Incorporated employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iowa Funeral Directors And Embalmers Association Incorporated is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Iowa Funeral Directors And Embalmers Association Incorporated generated $426.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $445.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING AND SUPPORTING FUNERAL SERVICE EXCELLENCE AND EDUCATION IN THE FUNERAL SERVICE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVOCACY - TO BE A UNITED VOICE FOR FUNERAL PROFESSIONALS IN THE IOWA LEGISLATURE, STATE AGENCIES, IOWA'S CONGRESSIONAL DELEGATION, AND WITH OTHER ENTITIES THAT IMPACT THE FUNERAL PROFESSION. THIS IS ACHIEVED VIA THE POWER OF GRASSROOTS INITIATIVES AND BY PROVIDING SUPPORT TO CANDIDATES WHO ARE FAVORABLE TO ISSUES REGARD THE FUNERAL PROFESSION.
EDUCATION - CONDUCT CONTINUING EDUCATION AND EXPANSION OF KONWLEDGE OF FUNERAL DIRECTORS. THIS IS ACCOMPLISHED BY BEING THE PREMIER PROVIDER OF CONTINUING EDUCATION THAT FOSTERS PROFESSIONALISM IN THE PROFESSION, HOSTING AN ANNUAL CONVENTION THAT FEATURES THE PREMIER MIDWEST FUNERAL SERVICE EXPO AND MAXIMIZING TECHNOLOGY TO PROVIDE EDUCATION IN PLACES CONVENIENT FOR FUNERAL PROFESSIONALS.
MEMBER BENEFITS - THE ASSOCIATION IS COMMITTED TO STAYING RELEVANT TO FUNERAL PROFESSIONALS BY PROVIDING MEMBERS-ONLY ACCESS TO RESOURCES, RESEARCH, AND INFORMATION. OFFERING DISCOUNTS TO MEMBERS ON TRAINING OPPORTUNITIES AS WELL AS COMMUNICATIONS AND NETWORKING OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcus Vigen President Beg Aug | OfficerTrustee | 1 | $0 |
Danielle Knapp Executive Director Beg May | Officer | 20 | $40,213 |
Justin Rasmusson Pres Elect Beg Aug | OfficerTrustee | 1 | $0 |
Benjamin Eldridge Secretary/treasurer Beg Aug | OfficerTrustee | 1 | $0 |
Paul Fouts President Thru Aug | OfficerTrustee | 1 | $0 |
Jacob Wittrock Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,575 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,575 |
| Total Program Service Revenue | $353,946 |
| Investment income | $135,299 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$77,565 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $426,666 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,027 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $53,622 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,285 |
| Pension plan accruals and contributions | $1,950 |
| Other employee benefits | $2,481 |
| Payroll taxes | $6,856 |
| Fees for services: Management | $38,655 |
| Fees for services: Legal | $2,540 |
| Fees for services: Accounting | $13,480 |
| Fees for services: Lobbying | $22,833 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,340 |
| Fees for services: Other | $0 |
| Advertising and promotion | $793 |
| Office expenses | $4,709 |
| Information technology | $12,729 |
| Royalties | $0 |
| Occupancy | $10,595 |
| Travel | $4,284 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $148,423 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,456 |
| Insurance | $10,338 |
| All other expenses | $2,380 |
| Total functional expenses | $445,135 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,662 |
| Savings and temporary cash investments | $64,068 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,407 |
| 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 | $0 |
| Net Land, buildings, and equipment | $113,670 |
| Investments—publicly traded securities | $3,041,043 |
| Investments—other securities | $419,362 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,710,212 |
| Accounts payable and accrued expenses | $14,173 |
| Grants payable | $0 |
| Deferred revenue | $23,355 |
| 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 | $37,528 |
| Net assets without donor restrictions | $3,660,151 |
| Net assets with donor restrictions | $12,533 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,710,212 |