2020-04-30T16:43:09-05:00 2019-06-30 420794029 DENMAN & COMPANY LLP 1601 22ND STREET SUITE 400 WEST DES MOINES IA 502661453 990 2018-07-01 420745995 IOWA COLLEGE FOUNDATION IOWA 5152820473 505 FIFTH AVENUE NO 1034 DES MOINES IA 50309 ED FINN PRESIDENT 5152820473 2020-04-30 1 STEVE SCHWEIZER P01238619 5152258400 167.142.53.102 2020-04-30 16:30:06 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 49212CA6DC8AFB84C056B6E78F9586FF2DFA03D8 2018 2020-11-19 02:30:22Z ED FINN 505 FIFTH AVENUE NO 1034 DES MOINES IA 50309 2513131 0 X WWW.IOWACOLLEGEFOUNDATION.ORG X 1952 IA SEE FORM 990, PART III, LINE 1 52 52 4 50 0 0 1385504 1351436 761436 789176 875876 171570 18805 17793 3041621 2329975 1631369 1575214 0 0 556517 624829 0 0 461991 263519 230754 2451405 2430797 590216 -100822 7650556 7574684 418945 340860 7231611 7233824 THE FOUNDATION IS ORGANIZED TO FURTHER THE GROWTH AND DEVELOPMENT OF PRIVATE COLLEGES AND UNIVERSITIES OF HIGHER EDUCATION IN IOWA. 0 0 1575214 1575214 806969 DISTRIBUTIONS OF CONTRIBUTIONS TO MEMBER COLLEGES AND UNIVERSITIES. 2184 SPECIAL PROJECTS 1577398 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 4 0 1 4 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 52 52 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 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 CHAIR 1.00 X X 0 0 0 JEFFREY BULLOCK MEMBER 1.00 X 0 0 0 JAMES COLLINS MEMBER 1.00 X 0 0 0 BENJAMIN COX MEMBER 1.00 X 0 0 0 KENT HALL MEMBER 1.00 X 0 0 0 JUDY RALSTON-HANSEN MEMBER 1.00 X 0 0 0 MICHAEL HELAK MEMBER 1.00 X 0 0 0 ROB MCDONALD MEMBER 1.00 X 0 0 0 MARK PUTNAM MEMBER 1.00 X 0 0 0 RANDY RAMLO MEMBER 1.00 X 0 0 0 NICHOLAS SCHRUP III MEMBER 1.00 X 0 0 0 DOUGLAS YATES MEMBER 1.00 X 0 0 0 BRENDA HAEFNER 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 MARTY FREDERICKS MEMBER 1.00 X 0 0 0 MIKE GASSMANN MEMBER 1.00 X 0 0 0 TONY GOLOBIC MEMBER 1.00 X 0 0 0 NICK HENDERSON MEMBER 1.00 X 0 0 0 SEAN KENNEDY MEMBER 1.00 X 0 0 0 GAGE KENT 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 JOHN SMITH MEMBER 1.00 X 0 0 0 BEN STEELE MEMBER 1.00 X 0 0 0 LARRY TAYLOR 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 PETER VOORHEES MEMBER 1.00 X 0 0 0 CHARESE YANNEY MEMBER 1.00 X 0 0 0 RACHELLE KARSTENS MEMBER 1.00 X 0 0 0 JOSHUA MERCHANT MEMBER 1.00 X 0 0 0 THOM CHESNEY MEMBER 1.00 X 0 0 0 DAVID MCINALLY MEMBER 1.00 X 0 0 0 JONATHAN BRAND MEMBER 1.00 X 0 0 0 EARL MARTIN MEMBER 1.00 X 0 0 0 PATRICIA DRAVES MEMBER 1.00 X 0 0 0 KENT HENNING MEMBER 1.00 X 0 0 0 RAYNARD KINGTON MEMBER 1.00 X 0 0 0 CHRISTINE PLUNKETT MEMBER 1.00 X 0 0 0 JENIFER WARD MEMBER 1.00 X 0 0 0 JOHN REYNDERS MEMBER 1.00 X 0 0 0 LAURIE HAMEN MEMBER 1.00 X 0 0 0 JOAN LESCINSKI MEMBER 1.00 X 0 0 0 JAY SIMMONS 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 ED FINN PRESIDENT 40.00 X 98066 0 22898 JACK JONES FORMER PRESIDENT 40.00 X 280319 0 41474 378385 0 64372 1 1 1 0 0 1351436 1351436 ASSESSMENTS 900099 789176 789176 789176 157262 157262 197464 183156 14308 14308 14308 MISCELLANEOUS 900099 17793 17793 17793 2329975 806969 0 171570 1575214 1575214 378007 378007 113416 113416 32642 32642 64593 64593 36171 10073 26098 18520 18520 46139 46139 4547 4547 5331 5331 17788 17788 43654 43654 1447 1447 11071 11071 PRINTING & PUBLICATIONS 18121 18121 MEMBERSHIPS 17434 17434 VEHICLE 14232 14232 EQUIPMENT RENTAL & MAIN 13552 13552 18918 2184 16734 2430797 1577398 391408 461991 1275030 1263295 38600 32100 23979 23979 41392 38793 4046 2599 6308901 6252711 7650556 7574684 34053 35990 384892 304870 418945 340860 X 1357711 1430903 2282951 2202084 3590949 3600837 7231611 7233824 7650556 7574684 -100822 103035 0 X X 0 1 X 1 0 X 2054190 2037728 2113410 2146940 2140612 10492880 2054190 2037728 2113410 2146940 2140612 10492880 2287124 8205756 125997 124259 75442 128716 157262 611676 11104556 0.73900 0.76810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6308901 227810 284000 6252711 6098873 24639 445589 260200 6308901 5739361 618412 258900 6098873 6080016 -76155 264500 5739361 6547615 -190500 277101 6080016 0.13170 0.57590 0.29240 0 0 41392 38793 2599 2599 MUTUAL FUNDS 5524740 F MONEY MARKET FUNDS 70381 F EQUITIES 657590 F 6252711 X 2386871 103035 -46139 56896 2329975 0 2329975 2384658 0 2384658 46139 46139 2430797 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 2016. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES -46,139. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES 46,139. 1 BRIAR CLIFF UNIVERSITY 3303 REBECCA STREET SIOUX CITY IA 51103 420707124 501(C)(3) 47534 PROVIDE SCHOLARSHIPS BUENA VISTA UNIVERSITY 610 W 4TH STREET STORM LAKE IA 50588 420680404 501(C)(3) 52412 PROVIDE SCHOLARSHIPS CENTRAL COLLEGE 812 UNIVERSITY STREET PELLA IA 50219 420680344 501(C)(3) 52135 PROVIDE SCHOLARSHIPS CLARKE UNIVERSITY 1550 CLARKE DRIVE DUBUQUE IA 52001 420680408 501(C)(3) 46512 PROVIDE SCHOLARSHIPS COE COLLEGE 1220 1ST AVE NE CEDAR RAPIDS IA 52402 420686467 501(C)(3) 56929 PROVIDE SCHOLARSHIPS CORNELL COLLEGE 600 1ST STREET SW MT VERNON IA 52314 420680335 501(C)(3) 49292 PROVIDE SCHOLARSHIPS DES MOINES AREA COMMUNITY COLLEGE 2006 S ANKENY BLVD ANKENY IA 50023 420926354 115 11500 PROVIDE SCHOLARSHIPS DORDT COLLEGE 498 4TH AVE NE SIOUX CENTER IA 51250 420772559 501(C)(3) 56371 PROVIDE SCHOLARSHIPS DRAKE UNIVERSITY 2507 UNIVERSITY AVE DES MOINES IA 50311 420680460 501(C)(3) 78080 PROVIDE SCHOLARSHIPS GRACELAND UNIVERSITY 1 UNIVERSITY PLACE LAMONI IA 50140 420707114 501(C)(3) 46053 PROVIDE SCHOLARSHIPS GRAND VIEW UNIVERSITY 1200 GRANDVIEW AVE DES MOINES IA 50316 420681049 501(C)(3) 55482 PROVIDE SCHOLARSHIPS GRINNELL COLLEGE 733 BROAD STREET GRINNELL IA 50112 420680387 501(C)(3) 53074 PROVIDE SCHOLARSHIPS IOWA STATE UNIVERSITY 2229 LINCOLN WAY AMES IA 50011 426004224 115 86800 PROVIDE SCHOLARSHIPS IOWA WESLEYAN COLLEGE 601 N MAIN STREET MT PLEASANT IA 52641 420680332 501(C)(3) 40610 PROVIDE SCHOLARSHIPS IOWA WESTERN COMMUNITY COLLEGE 2700 COLLEGE ROAD COUNCIL BLUFFS IA 51503 421224333 501(C)(3) 5000 PROVIDE SCHOLARSHIPS LORAS COLLEGE 1450 ALTA VISTA STREET DUBUQUE IA 52001 420680412 501(C)(3) 59846 PROVIDE SCHOLARSHIPS LUTHER COLLEGE 700 COLLEGE DR DECORAH IA 52101 420680466 501(C)(3) 64714 PROVIDE SCHOLARSHIPS MORNINGSIDE COLLEGE 1501 MORNINGSIDE AVE SIOUX CITY IA 51106 420680400 501(C)(3) 64440 PROVIDE SCHOLARSHIPS MOUNT MERCY COLLEGE 1330 ELMHURST DR NE CEDAR RAPIDS IA 52402 420681046 501(C)(3) 59371 PROVIDE SCHOLARSHIPS NORTHWEST MISSOURI STATE UNIVERSITY 800 UNIVERSITY DRIVE MARYVILLE MO 64468 237165025 501(C)(3) 11000 PROVIDE SCHOLARSHIPS NORTHWESTERN COLLEGE 101 7TH ST SW ORANGE CITY IA 51041 420698196 501(C)(3) 58476 PROVIDE SCHOLARSHIPS SIMPSON COLLEGE 701 NORTH C STREET INDIANOLA IA 50125 420680389 501(C)(3) 61264 PROVIDE SCHOLARSHIPS ST AMBROSE UNIVERSITY 518 WEST LOCUST STREET DAVENPORT IA 52803 420703280 501(C)(3) 65730 PROVIDE SCHOLARSHIPS UNIVERSITY OF DUBUQUE 2000 UNIVERSITY AVE DUBUQUE IA 52001 420680323 501(C)(3) 57624 PROVIDE SCHOLARSHIPS UNIVERSITY OF IOWA 5 W JEFFERSON STREET IOWA CITY IA 52245 426004813 115 59300 PROVIDE SCHOLARSHIPS UNIVERSITY OF NEBRASKA OMAHA 6001 DODGE STREET OMAHA NE 68182 470049123 115 18000 PROVIDE SCHOLARSHIPS UNIVERSITY OF NORTHERN IOWA 1227 W 27TH STREET CEDAR FALLS IA 50614 426004333 115 37000 PROVIDE SCHOLARSHIPS UPPER IOWA UNIVERSITY 605 WASHINGTON STREET FAYETTE IA 52142 420680372 501(C)(3) 45945 PROVIDE SCHOLARSHIPS WARTBURG COLLEGE 100 WARTBURG BLVD WAVERLY IA 50677 420680351 501(C)(3) 73245 PROVIDE SCHOLARSHIPS WILLIAM PENN UNIVERSITY 201 W TRUEBLOOD AVE OSKALOOSA IA 52577 420707120 501(C)(3) 43324 PROVIDE SCHOLARSHIPS KIRKWOOD COMMUNITY COLLEGE 6301 KIRKWOOD BLVD SW CEDAR RAPIDS IA 52406 420924685 501(C)(3) 6750 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 JACK JONES FORMER PRESIDENT 264620 0 11873 0 3826 0 41474 0 0 0 321793 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.