EIN 42-0745995

Iowa College Foundation

IRS 501(c) type
501(c)(3)
Num. employees
4
State
Year formed
1952
Most recent tax filings
2024-06-01
Description
The Foundation is organized to further the growth and development of private colleges and universities of higher education in Iowa. See form 990, part iii, line 1.
Total revenues
$1,892,660
2024
Total expenses
$1,983,068
2024
Total assets
$8,217,567
2024
Num. employees
4
2024

Program areas at Iowa College Foundation

Distributions of contributions to member colleges and universities.

Grants made by Iowa College Foundation

GranteeGrant descriptionAmount
Dordt UniversityProvide Scholarships$68,107
Wartburg CollegeProvide Scholarships$67,770
Drake UniversityProvide Scholarships$63,282
...and 21 more grants made totalling $1,266,643

Who funds Iowa College Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Council of Independent Colleges (CIC)Grant To State Councils$109,706
Prairie Meadows Race Track & CasinoPrairie Meadows Scholarship Program$91,250
Kent Corporation Charitable FoundationGeneral Operations$45,000
...and 37 more grants received totalling $504,082

Personnel at Iowa College Foundation

NameTitleCompensation
Gage A. KentChairman of the Board and Chief Executive Officer$0
John D. StavnesBoard Member$0
Ed FinnPresident$193,421
Patricia DravesVice Chair$0
William DuffySecretary$0

Financials for Iowa College Foundation

RevenuesFYE 06/2024
Total grants, contributions, etc.$938,100
Program services$665,800
Investment income and dividends$200,267
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$88,493
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,892,660

Form 990s for Iowa College Foundation

Fiscal year endingDate received by IRSFormPDF link
2024-062024-10-28990View PDF
2023-062024-03-04990View PDF
2022-062023-02-22990View PDF
2021-062022-03-16990View PDF
2021-062022-03-04990View PDF
...and 11 more Form 990s
Data update history
January 3, 2025
Posted financials
Added Form 990 for fiscal year 2024
November 25, 2024
Received grants
Identified 4 new grant, including a grant for $5,000 from John Ruan Foundation Trust
November 22, 2024
Updated personnel
Identified 18 new personnel
August 25, 2024
Received grants
Identified 14 new grant, including a grant for $26,000 from United Fire Group Foundation
May 27, 2024
Posted financials
Added Form 990 for fiscal year 2023
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
Provides grantsState / local levelEndowed supportTax deductible donationsAccepts online donations
General information
Address
505 Fifth Ave 1034
Des Moines, IA 50309
Metro area
Des Moines-West Des Moines, IA
County
Polk County, IA
Website URL
iowacollegefoundation.org/ 
Phone
(515) 282-0473
IRS details
EIN
42-0745995
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1952
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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