Iowa Foundation For Agricultural Advancement
- Assets
- $585.6k
- Revenue
- $418.4k
- Investments
- $251.5k
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 08/1990
- Data as of
- 12/2021
- EIN
- 42-1183067
Organization Overview
Iowa Foundation For Agricultural Advancement is located in Des Moines, IA. The organization was established in 1990. According to its NTEE Classification (K40) the organization is classified as: Nutrition, 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 Foundation For Agricultural Advancement 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 12/2021, Iowa Foundation For Agricultural Advancement generated $418.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $302.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Iowa Foundation For Agricultural Advancement has awarded 853 individual grants totaling $1,266,700. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AND GRANTS (WHICH DO NOT HAVE SIGNIFICANT ONGOING INVOLVEMENT).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brooke Beelner Director | 2 | $0 | |
Jack Bair Director | 2 | $0 | |
Rob Bohnsack Director | 2 | $0 | |
Gary Vanaernam Director | 2 | $0 | |
Mark Kahler Director | 2 | $0 | |
Doug Pullin Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $258,410 |
| Interest on Savings | $5,890 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,121 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $92,936 |
| Other Income | $58,078 |
| Total Revenue | $418,435 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $52 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,863 |
| Printing and publications | $63 |
| Other expenses | $81,719 |
| Total operating and administrative expenses | $94,747 |
| Contributions, gifts, grants paid | $208,000 |
| Total expenses and disbursements | $302,747 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,177 |
| Savings and temporary cash investments | $311,872 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $585,562 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Iowa Foundation For Agricultural Advancement has awarded $208,000 in support to 122 organizations.
| Grant Recipient | Amount |
|---|---|
EMILY SAEUGLING PURPOSE: SCHOLARSHIP | $7,000 |
CALE PELLETT PURPOSE: SCHOLARSHIP | $7,000 |
ALEX MCDOUGALL PURPOSE: SCHOLARSHIP | $5,000 |
BENJAMIN MOFFITT PURPOSE: SCHOLARSHIP | $5,000 |
COLE EDEN PURPOSE: SCHOLARSHIP | $5,000 |
BRAYDEN WELSON PURPOSE: SCHOLARSHIP | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Iowa Foundation For Agricultural Advancement has recieved totaling $77,800.
| Awarding Organization | Amount |
|---|---|
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION | $40,000 |
Iowa Corn Growers Association Johnston, IA PURPOSE: GENERAL SUPPORT | $27,500 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION | $10,000 |
South Story Bank Charitable Foundation Huxley, IA PURPOSE: GENERAL OPERATIONS | $300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Islamic Food And Nutriton Council Of America Des Plaines, IL | $98,247,157 | $25,774,259 |
Midwest Women And Childrens Services Omaha, NE | $829,002 | $6,754,688 |
Child Care And Nutrition Inc Ivanhoe, MN | $614,301 | $5,056,812 |
Produce For Better Health Foundation Brentwood, MO | $4,913,115 | $2,245,758 |
Little Buns Inc 2 Chicago, IL | $256,696 | $2,571,702 |
Urban Growers Collective Inc Chicago, IL | $5,224,971 | $4,434,892 |
Food Fix Campaign Inc Chicago, IL | $621,218 | $2,655,350 |
Freedom Foods Omaha, NE | $597,296 | $1,378,065 |
Nutrition & Health Associates Inc Janesville, WI | $874,072 | $1,092,235 |
Child Nutrition Services Inc Beatrice, NE | $9,703 | $988,668 |
Nutrition For Children Inc Champaign, IL | $99,161 | $760,311 |
Stop Foodborne Illness Inc Chicago, IL | $1,013,592 | $962,783 |