Iowa Association Of Business And Industry Foundation
- Assets
- $1.1m
- Revenue
- $530.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 06/1985
- Data as of
- 09/2023
- EIN
- 42-1242565
Organization Overview
Iowa Association Of Business And Industry Foundation is located in Des Moines, IA. The organization was established in 1985. According to its NTEE Classification (O53) the organization is classified as: Youth Development - Business, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iowa Association Of Business And Industry 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 09/2023, Iowa Association Of Business And Industry Foundation generated $530.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $519.9k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP A CADRE OF FUTURE LEADERS AND TO MAINTAIN AN ALUMNI GROUP TO CONTINUE NETWORKING ESTABLISHED BY THE PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELEVATE IOWA IS A STATEWIDE, INTEGRATED CAMPAIGN TO ENCOURAGE CAREERS AND EDUCATIONAL PATHWAYS IN ADVANCED MANUFACTURING. THIS BEGINS WITH BUILDING A POSITIVE PERCEPTION OF THESE CAREERS WHILE ADDRESSING MISCONCEPTIONS OF WORK ENVIRONMENT, SAFETY, AND WAGES.
LEADERSHIP IOWA UNIVERSITY IS A PROGRAM DESIGNED TO EDUCATE, INSPIRE, AND DEVELOP YOUNG LEADERS AS THE FOUNDATION FOR IOWA'S FUTURE ECONOMIC GROWTH AND TO ENCOURAGE THEIR ONGOING INVOLVEMENT IN LOCAL COMMUNITIES AND THE STATE TO CREATE A BETTER FUTURE FOR ALL IOWANS.FOUNDATION- DEVELOPS AND CULTIVATES IOWA'S CURRENT AND FUTURE WORK FORCE, ENTREPRENEURS AND CIVIC, CORPORATE AND NONPROFIT LEADERS. THE FOUNDATION ACCOMPLISHES ITS MISSION THROUGH STATEWIDE PROGRAMS THROUGH ITS CONTINUUM OF LEADERSHIP.
LEADERSHIP IOWA EXISTS TO EDUCATE, MOTIVATE AND DEVELOP A NETWORK OF INFORMED LEADERS THROUGHOUT THE STATE AND TO ENCOURAGE ONGOING ENGAGEMENT IN LOCAL COMMUNITIES AND THE STATE TO CREATE A BETTER FUTURE FOR IOWANS.
BUSINESS HORIZONS EDUCATES IOWA HIGH SCHOOL STUDENTS ABOUT ECONOMICS, THE FREE ENTERPRISE SYSTEM, ENTREPRENEURSHIP, SKILLS NEEDED TO BE SUCCESSFUL IN TODAY'S WORKPLACE, LEADERSHIP AND BUSINESS OPPORTUNITIES, AND WHY IOWA IS A GREAT PLACE TO LIVE AND WORK DURING THIS UNIQUE ONE-WEEK SUMMER PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Schaefer Weaton Chair | OfficerTrustee | 0.1 | $0 |
Kim Butler Hegedus Past Chair | OfficerTrustee | 0.1 | $0 |
Michele Farrell Vice President | OfficerTrustee | 0.1 | $0 |
Michael Ralston Secretary/treasurer | OfficerTrustee | 1 | $0 |
Joe Benesh Director | Trustee | 0.1 | $0 |
Jason Gross Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $15,750 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $372,008 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $387,758 |
| Total Program Service Revenue | $157,864 |
| Investment income | $15,616 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$30,844 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $530,394 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $285,141 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,716 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,218 |
| Fees for services: Other | $6,041 |
| Advertising and promotion | $342 |
| Office expenses | $18,021 |
| Information technology | $5,000 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $17,563 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $179,250 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,576 |
| All other expenses | $0 |
| Total functional expenses | $519,868 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $311,423 |
| Savings and temporary cash investments | $180,987 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $695 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $587,878 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,080,983 |
| Accounts payable and accrued expenses | $18,591 |
| Grants payable | $0 |
| Deferred revenue | $104,350 |
| 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 | $122,941 |
| Net assets without donor restrictions | $727,593 |
| Net assets with donor restrictions | $230,449 |
| 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 | $1,080,983 |