2019-05-09T16:20:56-05:00 2018-06-30 420794029 DENMAN & COMPANY LLP 1601 22ND STREET SUITE 400 WEST DES MOINES IA 502661453 990 2017-07-01 420745995 IOWA COLLEGE FOUNDATION IOWA 5152820473 505 FIFTH AVENUE NO 1034 DES MOINES IA 50309 JACK JONES PRESIDENT 5152820473 2019-04-10 1 STEVE SCHWEIZER P01238619 5152258400 167.142.53.102 2019-04-10 16:55:18 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 B3CCFCD3C510AAD1D7D2CCB08EE2A2B25AAF2810 2017 2019-02-21 02:37:17Z JACK JONES 505 FIFTH AVENUE NO 1034 DES MOINES IA 50309 5362988 0 X WWW.IOWACOLLEGEFOUNDATION.ORG X 1952 IA SEE FORM 990, PART III, LINE 1 49 49 5 50 0 0 1430683 1385504 682727 761436 132348 875876 28012 18805 2273770 3041621 1668785 1631369 0 0 528255 556517 0 0 417320 225618 263519 2422658 2451405 -148888 590216 7368801 7650556 344437 418945 7024364 7231611 THE FOUNDATION IS ORGANIZED TO FURTHER THE GROWTH AND DEVELOPMENT OF PRIVATE COLLEGES AND UNIVERSITIES OF HIGHER EDUCATION IN IOWA. 0 0 1631369 1631369 780241 DISTRIBUTIONS OF CONTRIBUTIONS TO MEMBER COLLEGES AND UNIVERSITIES. 2188 SPECIAL PROJECTS 1633557 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 5 1 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 JACK JONES 5152820473 505 5TH AVENUE DES MOINES IA 50309 DREW VOGEL CHAIR 1.00 X X 0 0 0 MARK PUTNAM VICE CHAIR 1.00 X X 0 0 0 DAVID MCINALLY SECRETARY 1.00 X X 0 0 0 BENJAMIN COX TREASURER 1.00 X X 0 0 0 MICHAEL HELAK PAST CHAIR 1.00 X X 0 0 0 JUDY RALSTON-HANSEN MEMBER 1.00 X 0 0 0 JAMES COLLINS MEMBER 1.00 X 0 0 0 JOANNE BURROWS MEMBER 1.00 X 0 0 0 JONATHAN BRAND MEMBER 1.00 X 0 0 0 ERIK HOEKSTRA MEMBER 1.00 X 0 0 0 LARRY TAYLOR 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 STEVEN TITUS MEMBER 1.00 X 0 0 0 PAULA CARLSON 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 GREGORY CHRISTY 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 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 R RICHARD BITTNER 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 SUSAN HAACK MEMBER 1.00 X 0 0 0 KENT HALL MEMBER 1.00 X 0 0 0 RICHARD HARTIG 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 M SMITH 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 JOHN STAVNES 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 DOUGLAS YATES MEMBER 1.00 X 0 0 0 CHARESE YANNEY MEMBER 1.00 X 0 0 0 KIRK TYLER MEMBER 1.00 X 0 0 0 PATRICIA DRAVES 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 MIKE GASSMANN MEMBER 1.00 X 0 0 0 SEAN KENNEDY MEMBER 1.00 X 0 0 0 JACK JONES PRESIDENT 40.00 X 252165 0 51158 252165 0 51158 1 0 1 0 0 1385504 1385504 ASSESSMENTS 900099 761436 761436 761436 128716 128716 3068527 2321367 747160 747160 747160 MISCELLANEOUS 900099 18805 18805 18805 3041621 780241 0 875876 1631369 1631369 306155 153078 153077 171066 85533 85533 27507 13753 13754 22540 11270 11270 29249 14625 14624 17442 17442 46712 46712 5649 5649 6034 3017 3017 17347 8674 8673 59728 59728 2141 1071 1070 11428 5714 5714 EQUIPMENT RENTAL & MAIN 24081 12041 12040 VEHICLE 20410 20410 PRINTING & PUBLICATIONS 17179 8590 8589 MEMBERSHIPS 16867 8434 8433 18501 2188 10574 5739 2451405 1633557 400528 417320 1208712 1275030 31050 38600 23979 23979 41392 37346 6187 4046 6098873 6308901 7368801 7650556 28677 34053 315760 384892 344437 418945 X 1367217 1357711 2069128 2282951 3588019 3590949 7024364 7231611 7368801 7650556 590216 -382969 0 X X 0 1 X 1 0 X 2112739 2054190 2037728 2113410 2146940 10465007 2112739 2054190 2037728 2113410 2146940 10465007 2057039 8407968 164939 125997 124259 75442 128716 619353 11084360 0.75850 0.78010 X 6616673 24639 828558 -382969 7852839 5739361 618412 -258900 6616673 6080016 -76155 -264500 5739361 6547615 -190500 277101 6080016 5801755 110734 959626 324500 6547615 0.12930 0.30150 0.56920 0 0 41392 37346 4046 4046 MUTUAL FUNDS 5590741 F MONEY MARKET FUNDS 96522 F EQUITIES 621638 F 6308901 X 2611940 -382969 -46712 -429681 3041621 0 3041621 2404693 0 2404693 46712 46712 2451405 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 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES -46,712. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES 46,712. 1 BRIAR CLIFF UNIVERSITY 3303 REBECCA STREET SIOUX CITY IA 51103 420707124 501(C)(3) 50702 PROVIDE SCHOLARSHIPS BUENA VISTA UNIVERSITY 610 W 4TH STREET STORM LAKE IA 50588 420680404 501(C)(3) 50848 PROVIDE SCHOLARSHIPS CENTRAL COLLEGE 812 UNIVERSITY STREET PELLA IA 50219 420680344 501(C)(3) 53228 PROVIDE SCHOLARSHIPS CLARKE UNIVERSITY 1550 CLARKE DRIVE DUBUQUE IA 52001 420680408 501(C)(3) 45239 PROVIDE SCHOLARSHIPS COE COLLEGE 1220 1ST AVE NE CEDAR RAPIDS IA 52402 420686467 501(C)(3) 62700 PROVIDE SCHOLARSHIPS CORNELL COLLEGE 600 1ST STREET SW MT VERNON IA 52314 420680335 501(C)(3) 42353 PROVIDE SCHOLARSHIPS DORDT COLLEGE 498 4TH AVE NE SIOUX CENTER IA 51250 420772559 501(C)(3) 59784 PROVIDE SCHOLARSHIPS DRAKE UNIVERSITY 2507 UNIVERSITY AVE DES MOINES IA 50311 420680460 501(C)(3) 69202 PROVIDE SCHOLARSHIPS GRACELAND UNIVERSITY 1 UNIVERSITY PLACE LAMONI IA 50140 420707114 501(C)(3) 45273 PROVIDE SCHOLARSHIPS GRAND VIEW UNIVERSITY 1200 GRANDVIEW AVE DES MOINES IA 50316 420681049 501(C)(3) 69324 PROVIDE SCHOLARSHIPS GRINNELL COLLEGE 733 BROAD STREET GRINNELL IA 50112 420680387 501(C)(3) 50874 PROVIDE SCHOLARSHIPS IOWA WESLEYAN COLLEGE 601 N MAIN STREET MT PLEASANT IA 52641 420680332 501(C)(3) 41387 PROVIDE SCHOLARSHIPS LORAS COLLEGE 1450 ALTA VISTA STREET DUBUQUE IA 52001 420680412 501(C)(3) 51033 PROVIDE SCHOLARSHIPS LUTHER COLLEGE 700 COLLEGE DR DECORAH IA 52101 420680466 501(C)(3) 68183 PROVIDE SCHOLARSHIPS MORNINGSIDE COLLEGE 1501 MORNINGSIDE AVE SIOUX CITY IA 51106 420680400 501(C)(3) 66182 PROVIDE SCHOLARSHIPS MOUNT MERCY COLLEGE 1330 ELMHURST DR NE CEDAR RAPIDS IA 52402 420681046 501(C)(3) 57488 PROVIDE SCHOLARSHIPS NORTHWESTERN COLLEGE 101 7TH ST SW ORANGE CITY IA 51041 420698196 501(C)(3) 69504 PROVIDE SCHOLARSHIPS ST AMBROSE UNIVERSITY 518 WEST LOCUST STREET DAVENPORT IA 52803 420703280 501(C)(3) 66842 PROVIDE SCHOLARSHIPS SIMPSON COLLEGE 701 NORTH C STREET INDIANOLA IA 50125 420680389 501(C)(3) 52123 PROVIDE SCHOLARSHIPS UNIVERSITY OF DUBUQUE 2000 UNIVERSITY AVE DUBUQUE IA 52001 420680323 501(C)(3) 82653 PROVIDE SCHOLARSHIPS UPPER IOWA UNIVERSITY 605 WASHINGTON STREET FAYETTE IA 52142 420680372 501(C)(3) 44714 PROVIDE SCHOLARSHIPS WARTBURG COLLEGE 100 WARTBURG BLVD WAVERLY IA 50677 420680351 501(C)(3) 69358 PROVIDE SCHOLARSHIPS WILLIAM PENN UNIVERSITY 201 W TRUEBLOOD AVE OSKALOOSA IA 52577 420707120 501(C)(3) 45775 PROVIDE SCHOLARSHIPS CREIGHTON UNIVERSITY 2500 CALIFORNIA PLAZA OMAHA NE 68178 470376583 501(C)(3) 5000 PROVIDE SCHOLARSHIPS DES MOINES AREA COMMUNITY COLLEGE 2006 S ANKENY BLVD ANKENY IA 50023 420926354 115 19050 PROVIDE SCHOLARSHIPS IOWA STATE UNIVERSITY 2229 LINCOLN WAY AMES IA 50011 426004224 115 80950 PROVIDE SCHOLARSHIPS UNIVERSITY OF IOWA 5 W JEFFERSON STREET IOWA CITY IA 52245 426004813 115 58400 PROVIDE SCHOLARSHIPS UNIVERSITY OF NEBRASKA OMAHA 6001 DODGE STREET OMAHA NE 68182 470049123 115 27000 PROVIDE SCHOLARSHIPS UNIVERSITY OF NORTHERN IOWA 1227 W 27TH STREET CEDAR FALLS IA 50614 426004333 115 33300 PROVIDE SCHOLARSHIPS IOWA WESTERN COMMUNITY COLLEGE 2700 COLLEGE ROAD COUNCIL BLUFFS IA 51503 421224333 501(C)(3) 5000 PROVIDE SCHOLARSHIPS COLLEGE OF ST MARY 7000 MERCY ROAD OMAHA NE 68106 470424785 501(C)(3) 5000 PROVIDE SCHOLARSHIPS CLARKSON UNIVERSITY 8 CLARKSON AVENUE BOX 5564 POTSDAM NY 13699 150543659 501(C)(3) 8000 PROVIDE SCHOLARSHIPS NORTHWEST MISSOURI STATE UNIVERSITY 800 UNIVERSITY DRIVE MARYVILLE MO 64468 237165025 501(C)(3) 6000 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 PRESIDENT 234018 0 11873 0 6274 0 37825 0 13333 0 303323 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.