2021-02-25T07:45:08-06:00 2020-06-30 420794029 DENMAN & COMPANY LLP 1601 22ND STREET SUITE 400 WEST DES MOINES IA 502661453 990 2019-07-01 420745995 IOWA COLLEGE FOUNDATION IOWA 5152820473 505 FIFTH AVENUE NO 1034 DES MOINES IA 50309 ED FINN PRESIDENT 5152820473 2021-02-09 1 STEVE SCHWEIZER P01238619 5152258400 2019 2022-09-23 18:48:47Z ED FINN 505 FIFTH AVENUE NO 1034 DES MOINES IA 50309 3639047 0 X WWW.IOWACOLLEGEFOUNDATION.ORG X 1952 IA SEE FORM 990, PART III, LINE 1 49 49 6 50 0 0 1351436 1397551 789176 715290 171570 235362 17793 11030 2329975 2359233 1575214 1505662 0 0 624829 478781 0 0 233047 230754 215607 2430797 2200050 -100822 159183 7574684 7577710 340860 201367 7233824 7376343 THE FOUNDATION IS ORGANIZED TO FURTHER THE GROWTH AND DEVELOPMENT OF PRIVATE COLLEGES AND UNIVERSITIES OF HIGHER EDUCATION IN IOWA. 0 0 1505662 1505662 726320 DISTRIBUTIONS OF CONTRIBUTIONS TO MEMBER COLLEGES AND UNIVERSITIES. 1505662 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 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 3 0 1 6 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 49 49 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 SUSAN HAACK BOARD CHAIR 1.00 X X 0 0 0 ERIK HOEKSTRA VICE CHAIR 1.00 X X 0 0 0 GREGORY CHRISTY SECRETARY 1.00 X X 0 0 0 JOHN STAVNES TREASURER 1.00 X X 0 0 0 DREW VOGEL PAST BOARD CHAIR 1.00 X X 0 0 0 JAMES COLLINS MEMBER 1.00 X 0 0 0 MICHAEL HELAK 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 KENT HENNING MEMBER 1.00 X 0 0 0 JOHN REYNDERS MEMBER 1.00 X 0 0 0 JOAN LESCINSKI MEMBER 1.00 X 0 0 0 JEFFREY BULLOCK MEMBER 1.00 X 0 0 0 WILLIAM DUFFY II MEMBER 1.00 X 0 0 0 DARREL COLSON 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 STEVEN BRADFORD 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 KENT HALL MEMBER 1.00 X 0 0 0 NICK HENDERSON 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 PETER VOORHEES 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 LISA MCQUERREY 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 BRIAN WOGEN MEMBER 1.00 X 0 0 0 THOM D CHESNEY MEMBER 1.00 X 0 0 0 PATRICIA DRAVES MEMBER 1.00 X 0 0 0 JENIFER WARD MEMBER 1.00 X 0 0 0 RACHELLE KARSTENS 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 MARSHA KELLIHER MEMBER 1.00 X 0 0 0 CHRISTINE PLUNKETT MEMBER 1.00 X 0 0 0 JUDY RALSTON-HANSEN MEMBER 1.00 X 0 0 0 ROBERT BEATTY MEMBER 1.00 X 0 0 0 ED FINN PRESIDENT 1.00 X 180808 0 33576 JACK JONES FORMER PRESIDENT 0.00 X 27020 0 3766 207828 0 37342 1 0 1 0 0 1397551 1397551 ASSESSMENTS 900099 715290 715290 715290 149502 149502 1365674 1279814 85860 85860 85860 MISCELLANEOUS 900099 11030 11030 11030 2359233 726320 0 235362 1505662 1505662 180808 180808 25107 25107 142412 142412 48600 48600 55187 55187 26667 12835 13832 20260 20260 45710 45710 4463 4463 4809 4809 17730 17730 19791 19791 1415 1415 11781 11781 EQUIPMENT RENTAL & MAIN 28860 28860 VEHICLE 18616 18616 MEMBERSHIPS 17882 17882 PRINTING & PUBLICATIONS 11354 11354 12936 12936 2200050 1505662 461341 233047 1263295 1357138 32100 23979 23979 38655 31762 2599 6893 6252711 6189700 7574684 7577710 35990 12967 304870 146650 41750 340860 201367 X 1430903 1604777 5802921 5771566 7233824 7376343 7574684 7577710 159183 -16664 0 X X 0 1 X 1 0 X 2037728 2113410 2146940 2140612 2112841 10551531 2037728 2113410 2146940 2140612 2112841 10551531 2357093 8194438 124259 75442 128716 157262 149502 635181 11186712 0.73250 0.73900 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6252711 161389 224400 6189700 6308901 227810 284000 6252711 6098873 24639 445589 260200 6308901 5739361 618412 258900 6098873 6080016 -76155 -264500 5739361 0.13120 0.58200 0.28680 0 0 38655 31762 6893 6893 MUTUAL FUNDS 5388448 F MONEY MARKET FUNDS 68341 F EQUITIES 732911 F 6189700 X 2296859 -16664 -16664 2313523 45710 45710 2359233 2154340 0 2154340 45710 45710 2200050 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 2017. 1 BRIAR CLIFF UNIVERSITY 3303 REBECCA STREET SIOUX CITY IA 51103 420707124 501(C)(3) 48991 PROVIDE SCHOLARSHIPS BUENA VISTA UNIVERSITY 610 W 4TH STREET STORM LAKE IA 50588 420680404 501(C)(3) 54864 PROVIDE SCHOLARSHIPS CENTRAL COLLEGE 812 UNIVERSITY STREET PELLA IA 50219 420680344 501(C)(3) 58123 PROVIDE SCHOLARSHIPS CLARKE UNIVERSITY 1550 CLARKE DRIVE DUBUQUE IA 52001 420680408 501(C)(3) 41541 PROVIDE SCHOLARSHIPS COE COLLEGE 1220 1ST AVE NE CEDAR RAPIDS IA 52402 420686467 501(C)(3) 58091 PROVIDE SCHOLARSHIPS CORNELL COLLEGE 600 1ST STREET SW MT VERNON IA 52314 420680335 501(C)(3) 48587 PROVIDE SCHOLARSHIPS DORDT COLLEGE 498 4TH AVE NE SIOUX CENTER IA 51250 420772559 501(C)(3) 63192 PROVIDE SCHOLARSHIPS DRAKE UNIVERSITY 2507 UNIVERSITY AVE DES MOINES IA 50311 420680460 501(C)(3) 74930 PROVIDE SCHOLARSHIPS GRACELAND UNIVERSITY 1 UNIVERSITY PLACE LAMONI IA 50140 420707114 501(C)(3) 45940 PROVIDE SCHOLARSHIPS GRAND VIEW UNIVERSITY 1200 GRANDVIEW AVE DES MOINES IA 50316 420681049 501(C)(3) 60944 PROVIDE SCHOLARSHIPS GRINNELL COLLEGE 733 BROAD STREET GRINNELL IA 50112 420680387 501(C)(3) 54616 PROVIDE SCHOLARSHIPS IOWA WESLEYAN COLLEGE 601 N MAIN STREET MT PLEASANT IA 52641 420680332 501(C)(3) 40246 PROVIDE SCHOLARSHIPS LORAS COLLEGE 1450 ALTA VISTA STREET DUBUQUE IA 52001 420680412 501(C)(3) 52956 PROVIDE SCHOLARSHIPS LUTHER COLLEGE 700 COLLEGE DR DECORAH IA 52101 420680466 501(C)(3) 66657 PROVIDE SCHOLARSHIPS MORNINGSIDE COLLEGE 1501 MORNINGSIDE AVE SIOUX CITY IA 51106 420680400 501(C)(3) 62327 PROVIDE SCHOLARSHIPS MOUNT MERCY COLLEGE 1330 ELMHURST DR NE CEDAR RAPIDS IA 52402 420681046 501(C)(3) 60338 PROVIDE SCHOLARSHIPS NORTHWESTERN COLLEGE 101 7TH ST SW ORANGE CITY IA 51041 420698196 501(C)(3) 68612 PROVIDE SCHOLARSHIPS SIMPSON COLLEGE 701 NORTH C STREET INDIANOLA IA 50125 420680389 501(C)(3) 59087 PROVIDE SCHOLARSHIPS ST AMBROSE UNIVERSITY 518 WEST LOCUST STREET DAVENPORT IA 52803 420703280 501(C)(3) 62430 PROVIDE SCHOLARSHIPS UNIVERSITY OF DUBUQUE 2000 UNIVERSITY AVE DUBUQUE IA 52001 420680323 501(C)(3) 56758 PROVIDE SCHOLARSHIPS UPPER IOWA UNIVERSITY 605 WASHINGTON STREET FAYETTE IA 52142 420680372 501(C)(3) 42340 PROVIDE SCHOLARSHIPS WARTBURG COLLEGE 100 WARTBURG BLVD WAVERLY IA 50677 420680351 501(C)(3) 61512 PROVIDE SCHOLARSHIPS WILLIAM PENN UNIVERSITY 201 W TRUEBLOOD AVE OSKALOOSA IA 52577 420707120 501(C)(3) 46480 PROVIDE SCHOLARSHIPS IOWA STATE UNIVERSITY 2229 LINCOLN WAY AMES IA 50011 426004224 115 83300 PROVIDE SCHOLARSHIPS UNIVERSITY OF IOWA 5 W JEFFERSON STREET IOWA CITY IA 52245 426004813 115 36750 PROVIDE SCHOLARSHIPS UNIVERSITY OF NORTHERN IOWA 1227 W 27TH STREET CEDAR FALLS IA 50614 426004333 115 32250 PROVIDE SCHOLARSHIPS DES MOINES AREA COMMUNITY COLLEGE 2006 S ANKENY BLVD ANKENY IA 50023 420926354 115 12750 PROVIDE SCHOLARSHIPS NORTHWEST MISSOURI STATE UNIVERSITY 800 UNIVERSITY DRIVE MARYVILLE MO 64468 237165025 115 9000 PROVIDE SCHOLARSHIPS SOUTH DAKOTA STATE UNIVERSITY 1451 STADIUM ROAD BROOKINGS SD 57007 466000364 115 6300 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 180000 0 0 0 808 0 27121 0 6455 0 214384 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.