Iowa Renewable Fuels Association
- Assets
- $1.5m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Johnston, IA
- Founding
- 08/2003
- Data as of
- 12/2023
- EIN
- 43-1982636
Organization Overview
Iowa Renewable Fuels Association is located in Johnston, IA. The organization was established in 2003. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iowa Renewable Fuels Association 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 12/2023, Iowa Renewable Fuels Association generated $1.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 4.4% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ESTABLISH AN ASSOCIATION OF COMPANIES INTERESTED IN PROMOTING THE PRODUCTION AND USE OF RENEWABLE FUELS THROUGH CONSUMER EDUCATION, PRODUCT PROMOTION, SOUND LEGISLATIVE AND REGULATORY POLICY AND INFRASTRUCTURE DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC POLICY: RENEWABLE FUELS ARE GREATLY IMPACTED BY PUBLIC POLICY. WE CONDUCTED OUR ANNUAL BIOFUELS: SCIENCE AND SUBSTAINABILITY TOUR FOR 41 US HOUSE AND SENATE STAFF. IRFA ALSO WORKED ON PUBLIC POLICY LEGISLATIVE ISSUES IN BOTH IOWA AND WASHINGTON, DC.
CONSUMER EDUCATION: IOWA RENEWABLE FUELS ASSOCIATION (IRFA) HOSTS AN ANNUAL RENEWABLE FUELS SUMMIT OPEN TO THE PUBLIC AT NO CHARGE. OVER 700 REGISTERED ATTENDEES LEARNED ABOUT IOWA'S ETHANOL AND BIODIESEL INDUSTRIES AS WELL AS THE OBSTACLES CONFRONTING THESE INDUSTRIES.SEVERAL OTHER ADVERTISING AND EVENTS WERE HELD, EDUCATING THOUSANDS OF CONSUMERS.
PRODUCT PROMOTION: IOWA RENEWABLE FUELS ASSOCIATION (IRFA) CONDUCTED DIRECT OUTREACH TO IOWA RETAILERS TO EDUCATE THEM ON THE BENEFITS OF ADDING E15, E85 AND/OR BIODIESEL TO THEIR PRODUCT OFFERINGS. THERE WERE DOZENS OF INDIVIDUAL MEETINGS, LEADING TO A TOTAL OF OVER 250 E15 LOCATIONS, 350 E85 LOCATIONS, AND NEARLY 800 BIODIESEL LOCATIONS. COMBINED, THESE LOCATIONS SERVICE TENS OF THOUSANDS OF CUSTOMERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Montgomery Shaw Executive Director | Officer | 40 | $243,905 |
Al Giese President | OfficerTrustee | 1 | $0 |
Brad Wilson Vice President | OfficerTrustee | 1 | $0 |
Chris Boshart Treasurer | OfficerTrustee | 1 | $0 |
Nick Bowdish Secretary | OfficerTrustee | 1 | $0 |
Devin Mogler Past President | OfficerTrustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,696,481 |
| Investment income | $25,283 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,209 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,735,973 |
| 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. | $287,027 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $298,705 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $69,500 |
| Fees for services: Legal | $4,535 |
| Fees for services: Accounting | $14,280 |
| Fees for services: Lobbying | $115,175 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $549,402 |
| Office expenses | $9,264 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $63,254 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,036 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,894 |
| All other expenses | $3,580 |
| Total functional expenses | $1,639,156 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $866,931 |
| Savings and temporary cash investments | $555,348 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43,417 |
| 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 | $17,239 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,482,935 |
| Accounts payable and accrued expenses | $338,470 |
| Grants payable | $0 |
| Deferred revenue | $126,525 |
| 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 | $464,995 |
| Net assets without donor restrictions | $868,713 |
| Net assets with donor restrictions | $149,227 |
| 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 | $1,482,935 |
Grants Awarded
Over the last fiscal year, Iowa Renewable Fuels Association has awarded $40,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HARVESTING OPPORTUNITY PURPOSE: GENERAL BUDGET | $20,000 |
IOWA FIRST FUND PURPOSE: GENERAL BUDGET | $20,000 |