Iowa Area Development Group Community Foundation
- Assets
- $2.7m
- Revenue
- $380.4k
- Investments
- $2.5m
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 12/2003
- Data as of
- 12/2021
- EIN
- 83-0361044
Organization Overview
Iowa Area Development Group Community Foundation is located in Des Moines, IA. The organization was established in 2003. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iowa Area Development Group Community 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 12/2021, Iowa Area Development Group Community Foundation generated $380.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $82.0k during the year ending 12/2021. While expenses have increased by 15.6% 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.
Since 2017, Iowa Area Development Group Community Foundation has awarded 16 individual grants totaling $233,000. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE IOWA AREA DEVELOPMENT GROUP COMMUNITY FOUNDATION IS TO FOSTER ECONOMIC DEVELOPMENT AND COMMUNITY BETTERMENT BY PROVIDING PUBLIC POLICY RESEARCH AND PROMOTION; EDUCATION AND TRAINING; AND COMMUNITY BASED AND GUIDED PHILANTHROPY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AN ESTIMATED 60% OF THE ORGANIZATIONS EFFORTS AND/OR RESOURCES WILL BE USED TO CONDUCT LEADERSHIP DEVELOPMENT PROGRAMS AND SEMINARS IN ORDER TO EDUCATE ELECTRIC COOPERATIVE MEMBERS, COMMUNITY VOLUNTEERS AND PROFESSIONAL DEVELOPERS ABOUT TOOLS, RESOURCES, AND TECHNICAL ASSISTANCE IN ORDER TO FURTHER LOCAL ECONOMIC DEVELOPMENTAL EFFORTS.
AN ESTIMATED 20% OF THE ORGANIZATIONS EFFORTS AND/OR RESOURCES WILL BE USED TO UNDERTAKE AND/OR SUPPORT RESEARCH, STUDY, AND ANALYSIS OF THE ECONOMY OR SEGMENTS OF THE ECONOMY OF THE STATE OF IOWA IN ORDER TO FURTHER LOCAL ECONOMIC DEVELOPMENTAL EFFORTS.
AN ESTIMATED 10% OF THE ORGANIZATIONS EFFORTS AND/OR RESOURCES WILL BE USED TO SEEK GRANT FINDING AND/OR LOW INTEREST LOAN SOURCES IN ORDER TO CREATE AND ADMINISTER A REVOLVING LOAN FUND TO SPUR ECONOMIC DEVELOPMENT EFFORTS.
AN ESTIMATED 10% OF THE ORGANIZATIONS EFFORTS AND RESOURCES WILL BE USED TO PROVIDE ADMINISTRATION AND TECHNICAL ASSISTANCE TO COMMUNITY BASED ORGANIZATIONS THROUGHOUT IOWA FOR LOCAL PHILANTHROPIC EFFORTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas H Aeilts President | OfficerTrustee | 0 | $0 |
Rand Fisher Chief Executive Officer | OfficerTrustee | 20 | $0 |
Bruce Nuzum Treasurer | OfficerTrustee | 0 | $0 |
Ken Kuyper Vice President | OfficerTrustee | 0 | $0 |
Bill Cherrier Director | Trustee | 0 | $0 |
Matt Washburn Director | Trustee | 0 | $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 | $2,868 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,868 |
| Total Program Service Revenue | $195,662 |
| Investment income | $42,342 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $139,511 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $380,383 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $56,350 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $880 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $82,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $150,530 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,533,593 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,684,124 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $2,684,124 |
| Total liabilities and net assets/fund balances | $2,684,124 |
Grants Awarded
Over the last fiscal year, Iowa Area Development Group Community Foundation has awarded $55,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Des Moines, IA PURPOSE: ASSISTANCE WITH STAFFING SUPPORT FOR IOWA CAN AFFILIATES. BUILDING RENOVATION PROJECT/PARTNERS IN PROGRESS GRANT | $35,000 |
Ames, IA PURPOSE: AMERICA'S SBDC IA EXCELLENCE FUND FOR RURAL BUSINESS INNOVATORS | $10,000 |
CITY OF POSTVILLE PURPOSE: HEART & SOUL PROGRAM GRANT FOR THE CITY OF POSTVILLE IN IOWA | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oshkosh Area Community Foundation Corporation Oshkosh, WI | $140,509,815 | $17,534,681 |
Community Foundation Of Greater Dubuque Dubuque, IA | $145,486,240 | $37,640,315 |
Community Foundation Of Northern Illinois Rockford, IL | $141,924,845 | $12,064,778 |
Community Foundation Of Northeast Iowa Cedar Falls, IA | $163,015,524 | $24,241,546 |
West Central Initiative Fergus Falls, MN | $80,928,029 | $10,157,757 |
South Central Iowa Community Foundation Chariton, IA | $15,877,246 | $5,307,597 |
Waukesha County Community Foundation Inc Waukesha, WI | $76,894,981 | $24,718,378 |
Community Foundation Of The Fox River Valley Aurora, IL | $129,427,234 | $19,610,188 |
Community Foundation Of North Central Wisconsin Inc Wausau, WI | $90,468,531 | $15,305,164 |
Greater Omaha Chamber Foundation Omaha, NE | $10,667,972 | $5,354,190 |
Truman Heartland Community Foundation Independence, MO | $85,851,190 | $25,771,089 |
Rochester Area Foundation Rochester, MN | $45,116,721 | $11,703,419 |