Iris Inc
- Assets
- $326.3k
- Revenue
- $835.0k
- Investments
- $0.0
- Employees
- 4
- Location
- West Des Moines, IA
- Founding
- 07/1993
- Data as of
- 12/2022
- EIN
- 42-1394408
Organization Overview
Iris Inc is located in West Des Moines, IA. The organization was established in 1993. According to its NTEE Classification (Q23) the organization is classified as: International Exchange N.E.C., under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2022, Iris Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iris Inc 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 12/2022, Iris Inc generated $835.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $869.2k during the year ending 12/2022. While expenses have increased by 2.9% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
IRIS, INC WAS ESTABLISHED BY FORMER IOWA LIEUTENANT GOVERNOR BOB ANDERSON IN 1993. THE MISSION OF THE ORGANIZATION IS TO PROMOTE INTERNATIONAL EDUCATION, DEVELOPMENT, AND PEACE BY CONNECTING IOWA TO COMMUNITIES WORLDWIDE. IRIS CONDUCTS MANY PROGRAMS WHICH BRING STUDENTS, JOURNALISTS, BUSINESS PEOPLE, EDUCATORS, AND GOVERNMENT LEADERS FROM AFRICA, CENTRAL AND EASTERN EUROPE AND ASIA TO IOWA. WHILE IN IOWA, THE INTERNATIONAL PARTICIPANTS STAY WITH IOWA FAMILIES, STUDY IN IOWA SCHOOLS, INTERN IN IOWA BUSINESSES, AND BECOME INVOLVED IN COMMUNITY ACTIVITIES. WHEN THEY RETURN TO THEIR HOME COUNTRIES, THEY TAKE WITH THEM NEW IDEAS AND STRATEGIES FOR ECONOMIC DEVELOPMENT AND PEACE ADVANCEMENT. THEY ALSO RETURN HOME WITH NEW FRIENDSHIPS AND A BETTER UNDERSTANDING OF AMERICANS AND OUR DEMOCRATIC WAY OF LIFE. IRIS ALSO LINKS IOWANS TO THE WORLD BY FACILITATING INTERNATIONAL RELATIONSHIPS AND ARRANGING FOR TRAVEL OPPORTUNITIES FOR IOWANS. ALMOST ALL HAVE BEEN FUNDED BY THE U.S. STATE DEPARTMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH EXCHANGE STUDY PROGRAM (YES) - IT WAS DEVELOPED TO HELP YOUNG PEOPLE UNDERSTAND THAT CHRISTIANS AND MUSLIMS CAN LIVE IN PEACE, RESPECT ONE ANOTHER'S RELIGION AND DEVELOP COMMON GOALS FOR COMMUNITY IMPROVEMENT IN THEIR HOME COUNTRIES. SINCE ITS INFANCY, THE YES PROGRAM HAS EXPENDED ITS MISSION TO 40 DIFFERENT COUNTRIES, SUCH AS LEBANON, TURKEY, YEMEN, MOROCCO. THE PROGRAM ALSO EXPOSES STUDENTS WHO DO NOT NORMALLY HAVE THE OPPORTUNITY TO TRAVEL OUTSIDE THEIR OWN REGION TO EXPERIENCE OTHER PARTS OF THE WORLD. IRIS PLACED EXCHANGE STUDENTS THROUGHOUT IOWA.
YOUTH EXCHANGE STUDY PROGRAM (YES) - IT WAS DEVELOPED TO HELP YOUNG PEOPLE UNDERSTAND THAT CHRISTIANS AND MUSLIMS CAN LIVE IN PEACE, RESPECT ONE ANOTHER'S RELIGION AND DEVELOP COMMON GOALS FOR COMMUNITY IMPROVEMENT IN THEIR HOME COUNTRIES. SINCE ITS INFANCY, THE YES PROGRAM HAS EXPENDED ITS MISSION TO 40 DIFFERENT COUNTRIES, SUCH AS LEBANON, TURKEY, YEMEN, MOROCCO. THE PROGRAM ALSO EXPOSES STUDENTS WHO DO NOT NORMALLY HAVE THE OPPORTUNITY TO TRAVEL OUTSIDE THEIR OWN REGION TO EXPERIENCE OTHER PARTS OF THE WORLD. IRIS PLACED EXCHANGE STUDENTS THROUGHOUT IOWA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ms Susan Anderson Chairperson | Trustee | $0 | |
Mr Chris Fultz Vice-Chairpe | Trustee | $0 | |
Mr Mike Coverdale Treasurer/se | Trustee | $0 | |
Mr Robert Anderson President Em | Trustee | $0 | |
Ms Vanimeher Bojja Board Member | Trustee | $0 | |
Ms Nicole Gassman Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $818,097 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,872 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $834,969 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $834,969 |
| 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 | $337,415 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,199 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,930 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,472 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,678 |
| Travel | $82,346 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,068 |
| All other expenses | $56,048 |
| Total functional expenses | $869,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $214,414 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $35,453 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $76,436 |
| Total assets | $326,303 |
| Accounts payable and accrued expenses | $123,106 |
| Grants payable | $0 |
| Deferred revenue | $90,362 |
| 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 | $74,413 |
| Total liabilities | $287,881 |
| Net assets without donor restrictions | $38,422 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $326,303 |