Iowa Association Of Community College Trustees
- Assets
- $3.4m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 6
- Location
- Des Moines, IA
- Founding
- 11/1971
- Data as of
- 06/2024
- EIN
- 42-0955492
Organization Overview
Iowa Association Of Community College Trustees is located in Des Moines, IA. The organization was established in 1971. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. As of 06/2024, Iowa Association Of Community College Trustees employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iowa Association Of Community College Trustees is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2024, Iowa Association Of Community College Trustees generated $1.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $1.4m during the year ending 06/2024. While expenses have increased by 1.7% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY COLLEGES FOR IOWA ADVOCATES WITH ONE VOICE FOR ACCESSIBLE EXCELLENCE IN EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IACCT'S PRIMARY MISSION IS TO PROMOTE EDUCATIONAL INTERESTS OF THE CITIZENS OF THE STATE OF IOWA BY DEVELOPING, STRENGTHENING, AND COLLABORATING ON THE WORK OF IOWA'S 15 COMMUNITY COLLEGES' BOARDS OF DIRECTORS. TO ACCOMPLISH THIS, IACCT: -FACILITATES THE EXCHANGE OF INFORMATION AMONG THE COMMUNITY COLLEGES; -PROVIDES INFORMATION CONCERNING THE EDUCATIONAL AND ECONOMIC CONTRIBUTIONS AND NEEDS OF THE COMMUNITY COLLEGES; -FACILITATES THE ADOPTION OF BEST PRACTICES BY THE COLLEGE DIRECTORS; -COORDINATES AND FACILITATES COMMUNICATION BETWEEN THE IACCT BOARD, LOCAL BOARDS OF TRUSTEES, PRESIDENTS, AND COMMUNITY COLLEGE WORK GROUPS; -EDUCATES PEOPLE AT ALL LEVELS OF GOVERNMENT, PRIVATE BUSINESS, NONPROFIT ORGANIZATIONS AND THE GENERAL PUBLIC ABOUT THE EDUCATION/TRAINING PROGRAMS OF THE COMMUNITY COLLEGES AND THEIR POSITIVE ECONOMIC IMPACT ON IOWA, ON LOCAL ECONOMIES AND THEIR STUDENTS' LIVES; AND -HOSTS MEETINGS AND GATHERINGS FOR NOT ONLY THE BOARD'S AND PRESIDENTS' COMMITTEES, AND MANY STATEWIDE COMMUNITY COLLEGE COMMITTEES WHO NEED A CENTRAL MEETING LOCATION, BUT ALSO FOR NONPROFITS AND GOVERNMENT GROUPS TO PROMOTE THE EDUCATIONAL GOALS IN IOWA, AND TO BE A RESOURCE FOR THE EDUCATIONAL COMMUNITY. THE WORK OF THE ASSOCIATION IS REFLECTED IN THE DUTIES OF ITS BOARD WHICH INCLUDE: -ACTING AS TRUSTEES OF PUBLIC EDUCATION AND USING THEIR BEST EFFORTS TO PROTECT AND ENHANCE PUBLIC EDUCATION FOR THE GOOD OF THE CITIZENS OF IOWA; -USING THE RESOURCES OF THE COMMUNITY COLLEGES TO MEET THE EDUCATIONAL AND TRAINING NEEDS OF ALL STUDENTS, AND WORKFORCE TRAINING NEEDS OF BUSINESS AND INDUSTRY; -SUPPORTING COOPERATIVE PROGRAMS WITH SECONDARY SCHOOLS, OTHER INSTITUTIONS OF HIGHER LEARNING, AND WITH BUSINESS AND INDUSTRY; -PROMOTING AND WORKING FOR THE FINANCIAL WELL-BEING OF IOWA'S COMMUNITY COLLEGES; AND -WORKING WITH THE IOWA ASSOCIATION OF COMMUNITY COLLEGE PRESIDENTS.
IACCT PROVIDES EDUCATIONAL, LEADERSHIP AND ADVOCACY TRAINING THROUGH A VARIETY OF VENUES. THESE INCLUDE: -ANNUAL CONVENTION FOR ALL COMMUNITY COLLEGE EMPLOYEES AND ANNUAL CONFERENCE FOR TRUSTEES; -STUDENT LEGISLATIVE SEMINAR AND DAY ON THE HILL PROMOTING ADVOCACY AND LEADERSHIP; -CONVENING PRESIDENTS FOR COLLABORATION AND PLANNING; -STATE LEGISLATIVE AND FEDERAL ADVOCACY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Langston Director | Trustee | 2 | $0 |
Richard Gaumer Director | Trustee | 2 | $0 |
Connie Hornbeck Treasurer | OfficerTrustee | 2 | $0 |
Alan Jensen Past Board C | OfficerTrustee | 2 | $0 |
Joanna Hofer 1st Vice Cha | OfficerTrustee | 2 | $0 |
Derrick Franck Resigned 72023 Board Chair | OfficerTrustee | $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 | $300,177 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $300,177 |
| Total Program Service Revenue | $963,854 |
| Investment income | $46,417 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,650 |
| 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 | $1,330,098 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $192,431 |
| Compensation of current officers, directors, key employees. | $48,108 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $247,907 |
| Pension plan accruals and contributions | $18,912 |
| Other employee benefits | $26,616 |
| Payroll taxes | $34,216 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $315 |
| Fees for services: Accounting | $29,915 |
| Fees for services: Lobbying | $120,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,470 |
| Office expenses | $24,457 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $92,700 |
| Travel | $31,529 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $286,204 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $90,068 |
| Insurance | $18,764 |
| All other expenses | $0 |
| Total functional expenses | $1,355,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,040,901 |
| Savings and temporary cash investments | $410,874 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,849 |
| 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 | $49,945 |
| Net Land, buildings, and equipment | $1,921,650 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,427,219 |
| Accounts payable and accrued expenses | $46,731 |
| Grants payable | $0 |
| Deferred revenue | $224,895 |
| 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 | $271,626 |
| Net assets without donor restrictions | $3,121,755 |
| Net assets with donor restrictions | $33,838 |
| 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 | $3,427,219 |