2024-10-28T10:22:35-05:00 2024-06-30 420794029 DENMAN CPA LLP 1601 22ND STREET SUITE 400 WEST DES MOINES IA 502661453 990 2023-07-01 420745995 IOWA COLLEGE FOUNDATION IOWA 5152820473 505 FIFTH AVENUE 1034 DES MOINES IA 50309 ED FINN PRESIDENT 5152820473 2024-10-28 1 0 STEVE SCHWEIZER P01238619 5152258400 2023 2024-10-15 13:58:12Z ED FINN 505 FIFTH AVENUE 1034 DES MOINES IA 50309 2011679 0 X WWW.IOWACOLLEGEFOUNDATION.ORG X 1952 IA SEE FORM 990, PART III, LINE 1 54 54 4 0 0 0 961157 938100 595139 665800 362356 288760 0 0 1918652 1892660 1272346 1302643 0 0 488640 505992 0 0 255910 162680 174433 1923666 1983068 -5014 -90408 7852626 8217567 104418 105538 7748208 8112029 THE FOUNDATION IS ORGANIZED TO FURTHER THE GROWTH AND DEVELOPMENT OF PRIVATE COLLEGES AND UNIVERSITIES OF HIGHER EDUCATION IN IOWA. 0 0 1302643 1302643 665800 DISTRIBUTIONS OF CONTRIBUTIONS TO MEMBER COLLEGES AND UNIVERSITIES. 1302643 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 1 4 1 0 0 0 0 0 0 0 0 0 0 X 54 54 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X ED FINN 5152820473 505 5TH AVENUE DES MOINES IA 50309 KENT HALL BOARD CHAIR 1.00 X X 0 0 0 RACHELLE KECK VICE CHAIR 1.00 X X 0 0 0 ALBERT MOSELY SECRETARY 1.00 X X 0 0 0 BRIAN WOGEN TREASURER 1.00 X X 0 0 0 PETER VOORHEES PAST BOARD CHAIR 1.00 X X 0 0 0 JAMES COLLINS MEMBER 1.00 X 0 0 0 MARK PUTNAM MEMBER 1.00 X 0 0 0 JONATHAN BRAND MEMBER 1.00 X 0 0 0 LINDSAY CHASE MEMBER 1.00 X 0 0 0 NICK GERHART MEMBER 1.00 X 0 0 0 JEFFREY BULLOCK MEMBER 1.00 X 0 0 0 JEFF GRIBBEN MEMBER 1.00 X 0 0 0 REBECCA NEIDUSKI MEMBER 1.00 X 0 0 0 JOHN OTTOSSON MEMBER 1.00 X 0 0 0 JAMES AIPPERSPACH MEMBER 1.00 X 0 0 0 SUSAN HAACK MEMBER 1.00 X 0 0 0 EARL MARTIN MEMBER 1.00 X 0 0 0 TONY GOLOBIC MEMBER 1.00 X 0 0 0 PATRICK JACOBSON-SCHULTE MEMBER 1.00 X 0 0 0 JEFF HARTFIELD MEMBER 1.00 X 0 0 0 GAGE KENT MEMBER 1.00 X 0 0 0 ROB MCDONALD MEMBER 1.00 X 0 0 0 JOHN SMITH MEMBER 1.00 X 0 0 0 RANDY RAMLO MEMBER 1.00 X 0 0 0 CHRISTINE TERHARK MEMBER 1.00 X 0 0 0 KIRK TYLER MEMBER 1.00 X 0 0 0 STEVE DORENKAMP MEMBER 1.00 X 0 0 0 MARTY FREDERICKS MEMBER 1.00 X 0 0 0 MIKE GASSMAN MEMBER 1.00 X 0 0 0 CHARLIE HARTIG MEMBER 1.00 X 0 0 0 SEAN KENNEDY MEMBER 1.00 X 0 0 0 CLARENCE HUDSON MEMBER 1.00 X 0 0 0 JIM RUSSELL MEMBER 1.00 X 0 0 0 BEN STEELE MEMBER 1.00 X 0 0 0 CHARESE YANNEY MEMBER 1.00 X 0 0 0 JUDY RALSTON-HANSEN MEMBER 1.00 X 0 0 0 JENIFER WARD MEMBER 1.00 X 0 0 0 CHRIS HYLAND MEMBER 1.00 X 0 0 0 ANNE HARRIS MEMBER 1.00 X 0 0 0 BRIAN LENZMEIER MEMBER 1.00 X 0 0 0 DAVE PARGULSKI MEMBER 1.00 X 0 0 0 CLAUDIA SCHABEL MEMBER 1.00 X 0 0 0 JOHN STAVNES MEMBER 1.00 X 0 0 0 DREW VOGEL MEMBER 1.00 X 0 0 0 DAVID HAYES MEMBER 1.00 X 0 0 0 ERIK HOEKSTRA MEMBER 1.00 X 0 0 0 TODD OLSON MEMBER 1.00 X 0 0 0 AMY NOVAK MEMBER 1.00 X 0 0 0 GREGORY CHRISTY MEMBER 1.00 X 0 0 0 MICHAEL HELAK MEMBER 1.00 X 0 0 0 FLETCHER LAMKIN MEMBER 1.00 X 0 0 0 PATRICIA DRAVES MEMBER 1.00 X 0 0 0 JAY BEYERS MEMBER 1.00 X 0 0 0 KATHY FRANKEN MEMBER 1.00 X 0 0 0 ED FINN PRESIDENT 1.00 X 202016 0 33439 202016 0 33439 1 0 1 0 0 938100 938100 ASSESSMENTS 900099 665800 665800 665800 200267 200267 207512 119019 88493 88493 88493 1892660 665800 0 288760 1302643 1302643 202016 202016 160082 160082 53982 53982 64433 64433 25479 12599 12880 48105 48105 15493 15493 10965 10965 10608 10608 29560 29560 1022 1022 8311 8311 MEMBERSHIPS 13887 13887 VEHICLE 11454 11454 TELEPHONE 6338 6338 EQUIPMENT RENTAL & MAIN 5800 5800 12890 12890 1983068 1302643 424515 255910 1375415 1368189 10000 20068 20711 38655 38156 1521 499 6431489 6786936 24133 31232 7852626 8217567 20648 22866 58490 49409 25280 33263 104418 105538 X 1929527 1965353 5818681 6146676 7748208 8112029 7852626 8217567 -90408 454229 0 X X 0 1 X 1 0 X 2112841 1634386 1619152 1556296 1603900 8526575 2112841 1634386 1619152 1556296 1603900 8526575 587743 7938832 149502 139880 155281 175855 200267 820785 9347360 0.84930 0.82190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6431489 666097 310650 6786936 6225457 506007 299975 6431489 7543278 -1004271 313550 6225457 6189700 1651578 298000 7543278 6252711 161389 224400 6189700 0.13485 0.53083 0.33432 0 0 38655 38156 499 499 MUTUAL FUNDS 5656781 F MONEY MARKET FUNDS 115567 F EQUITIES 1014588 F 6786936 OPERATING LEASE LIABILITIES, CURRENT PORTION 17263 OPERATING LEASE LIABILITIES, NET OF CURRENT PORTION 16000 33263 X 2298784 454229 454229 1844555 48105 48105 1892660 1934963 0 1934963 48105 48105 1983068 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT FUND CONSISTS PRIMARILY OF INVESTMENTS TO PROVIDE A SOURCE OF LONG TERM INCOME TO BE USED TO FUND FUTURE SCHOLARSHIPS FOR COLLEGE STUDENTS. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) FOR AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS AND DETERMINED THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURES IN THE FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAX AUTHORITIES; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2021. 1 BRIAR CLIFF UNIVERSITY 3303 REBECCA STREET SIOUX CITY IA 51103 420707124 501(C)(3) 47999 0 PROVIDE SCHOLARSHIPS BUENA VISTA UNIVERSITY 610 W 4TH STREET STORM LAKE IA 50588 420680404 501(C)(3) 56094 0 PROVIDE SCHOLARSHIPS CENTRAL COLLEGE 812 UNIVERSITY STREET PELLA IA 50219 420680344 501(C)(3) 56545 0 PROVIDE SCHOLARSHIPS CLARKE UNIVERSITY 1550 CLARKE DRIVE DUBUQUE IA 52001 420680408 501(C)(3) 45902 0 PROVIDE SCHOLARSHIPS COE COLLEGE 1220 1ST AVE NE CEDAR RAPIDS IA 52402 420686467 501(C)(3) 51884 0 PROVIDE SCHOLARSHIPS CORNELL COLLEGE 600 1ST STREET SW MT VERNON IA 52314 420680335 501(C)(3) 50771 0 PROVIDE SCHOLARSHIPS DORDT COLLEGE 498 4TH AVE NE SIOUX CENTER IA 51250 420772559 501(C)(3) 68107 0 PROVIDE SCHOLARSHIPS DRAKE UNIVERSITY 2507 UNIVERSITY AVE DES MOINES IA 50311 420680460 501(C)(3) 63282 0 PROVIDE SCHOLARSHIPS GRACELAND UNIVERSITY 1 UNIVERSITY PLACE LAMONI IA 50140 420707114 501(C)(3) 46701 0 PROVIDE SCHOLARSHIPS GRAND VIEW UNIVERSITY 1200 GRANDVIEW AVE DES MOINES IA 50316 420681049 501(C)(3) 54683 0 PROVIDE SCHOLARSHIPS GRINNELL COLLEGE 733 BROAD STREET GRINNELL IA 50112 420680387 501(C)(3) 62265 0 PROVIDE SCHOLARSHIPS LORAS COLLEGE 1450 ALTA VISTA STREET DUBUQUE IA 52001 420680412 501(C)(3) 50790 0 PROVIDE SCHOLARSHIPS LUTHER COLLEGE 700 COLLEGE DR DECORAH IA 52101 420680466 501(C)(3) 61110 0 PROVIDE SCHOLARSHIPS MORNINGSIDE COLLEGE 1501 MORNINGSIDE AVE SIOUX CITY IA 51106 420680400 501(C)(3) 60116 0 PROVIDE SCHOLARSHIPS MOUNT MERCY COLLEGE 1330 ELMHURST DR NE CEDAR RAPIDS IA 52402 420681046 501(C)(3) 49390 0 PROVIDE SCHOLARSHIPS NORTHWESTERN COLLEGE 101 7TH ST SW ORANGE CITY IA 51041 420698196 501(C)(3) 61440 0 PROVIDE SCHOLARSHIPS SIMPSON COLLEGE 701 NORTH C STREET INDIANOLA IA 50125 420680389 501(C)(3) 51603 0 PROVIDE SCHOLARSHIPS ST AMBROSE UNIVERSITY 518 WEST LOCUST STREET DAVENPORT IA 52803 420703280 501(C)(3) 61527 0 PROVIDE SCHOLARSHIPS UNIVERSITY OF DUBUQUE 2000 UNIVERSITY AVE DUBUQUE IA 52001 420680323 501(C)(3) 56190 0 PROVIDE SCHOLARSHIPS UPPER IOWA UNIVERSITY 605 WASHINGTON STREET FAYETTE IA 52142 420680372 501(C)(3) 45298 0 PROVIDE SCHOLARSHIPS WARTBURG COLLEGE 100 WARTBURG BLVD WAVERLY IA 50677 420680351 501(C)(3) 67770 0 PROVIDE SCHOLARSHIPS WILLIAM PENN UNIVERSITY 201 W TRUEBLOOD AVE OSKALOOSA IA 52577 420707120 501(C)(3) 51676 0 PROVIDE SCHOLARSHIPS IOWA STATE UNIVERSITY 2229 LINCOLN WAY AMES IA 50011 426004224 115 33000 0 PROVIDE SCHOLARSHIPS UNIVERSITY OF IOWA 5 W JEFFERSON STREET IOWA CITY IA 52245 426004813 115 21000 0 PROVIDE SCHOLARSHIPS UNIVERSITY OF NORTHERN IOWA 1227 W 27TH STREET CEDAR FALLS IA 50614 426004333 115 7500 0 PROVIDE SCHOLARSHIPS DES MOINES AREA COMMUNITY COLLEGE 2006 S ANKENY BLVD ANKENY IA 50023 421314704 115 12500 0 PROVIDE SCHOLARSHIPS PART I, LINE 2: IOWA COLLEGE FOUNDATION WORKS CLOSELY WITH THE MEMBER INSTITUTIONS AND THEIR RESPECTIVE ADMINISTRATIVE OFFICES TO ENSURE THE INTENDED RECIPIENTS ARE RECEIVING THE CORRECT AMOUNT OF ASSISTANCE. X X 0 0 0 0 0 0 0 0 0 ED FINN PRESIDENT 202016 0 0 0 0 0 30127 0 3312 0 235455 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT AND BOARD OF GOVERNORS REVIEW THE FORM 990 PRIOR TO SIGNING AND SENDING TO IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS COORDINATED ANNUALLY THROUGH THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF GOVERNORS REVIEWS AND APPROVES COMPENSATION OF KEY EMPLOYEES ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL RECORDS AND OTHER OFFICIAL DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE FOUNDATION. FORM 990, PART XII, LINE 2C: THE FOUNDATION'S PROCESS FOR SELECTING AND OVERSEEING THE INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PREVIOUS YEAR.