EIN 42-0711488

Iowa Institute for Cooperatives

IRS 501(c) type
501(c)(6)
Num. employees
4
City
State
Year formed
1951
Most recent tax filings
2024-05-01
NTEE code, primary
Description
Iowa Institute for Cooperatives associates its members together into a society to promote the interests and welfare of Iowa cooperatives. Its mission includes encouraging appropriate means to foster economic progress. Since 1951, it has been a guiding force for cooperatives across various industries in Iowa. It is located in Ames, IA.
Total revenues
$1,098,455
2024
Total expenses
$998,462
2024
Total assets
$1,144,892
2024
Num. employees
4
2024

Program areas at Iowa Institute for Cooperatives

Cooperatives provide a proven business model that has fostered economic progress in Iowa for decades. The Iowa Institute for Cooperatives (iic) has been lighting the way for Cooperatives across the state since 1951.our members come from a variety of industries, including agriculture, credit unions, rural electric, rural telephone, farm credit, petroleum, and more. We develop educational and training programs for our members, provide timely news updates, and guide legislative actions that build upon the strength of the cooperative system. We also promote new cooperative development and value-added production.cooperatives also rely on us for special projects, including:(continue) - assistance with board retreats, long-range planning, mergers, consolidations, acquisitions, and corporate restructuring. - resources to help develop new Cooperatives, including initial start-up plans, feasibility studies, project coordination, and results analysis. - cooperative benchmarking that provides timely updates to financial performance benchmarks for grain and farm supply Cooperatives throughout the midwest.

Grants made by Iowa Institute for Cooperatives

GranteeGrant descriptionAmount
Iowa Cooperative FoundationThe Donation Was Used By the Foundation To Provide Scholarships.$10,000

Personnel at Iowa Institute for Cooperatives

NameTitleCompensation
David HolmExecutive Director
Rebecca ServesDirector of Government Affairs
Rick BeganDirector of Cooperative Development
Rick KievitsDirector of Cooperative de$171,873
Dave HolmPast Executive Director$218,354
...and 4 more key personnel

Financials for Iowa Institute for Cooperatives

RevenuesFYE 05/2024
Total grants, contributions, etc.$0
Program services$1,050,179
Investment income and dividends$48,121
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$155
Total revenues$1,098,455

Form 990s for Iowa Institute for Cooperatives

Fiscal year endingDate received by IRSFormPDF link
2024-052024-08-14990View PDF
2023-052023-08-29990View PDF
2022-052022-09-02990View PDF
2021-052021-08-04990View PDF
2020-052021-06-08990View PDF
...and 11 more Form 990s
Data update history
September 27, 2024
Posted financials
Added Form 990 for fiscal year 2024
September 22, 2024
Updated personnel
Identified 2 new personnel
November 12, 2023
Posted financials
Added Form 990 for fiscal year 2023
September 18, 2023
Updated personnel
Identified 10 new personnel
June 14, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Trade associationsBusiness and community development organizationsHeadquarter / parent organizations
Issues
Human servicesFood and nutritionBusiness and industry
Characteristics
MembershipsPolitical advocacyState / local level
General information
Address
2515 University Blvd
Ames, IA 50010
Metro area
Ames, IA
County
Story County, IA
Website URL
iowainstitute.coop/ 
Phone
(515) 292-2667
IRS details
EIN
42-0711488
Fiscal year end
May
Taxreturn type
Form 990
Year formed
1951
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S41: Promotion of Business
NAICS code, primary
813910: Trade Associations
Parent/child status
Central organization
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