Overview
What is Iowa Institute For Cooperatives?
The Iowa Institute for Cooperatives, established in 1951, is a nonprofit organization based in Ames, Iowa. Its primary mission is to support and promote the interests of cooperatives across various industries, such as agriculture, credit unions, rural electric, and petroleum. The institution accomplishes this by providing educational programs, timely news updates, and guiding legislative actions that strengthen the cooperative system. Additionally, the Iowa Institute for Cooperatives assists with special projects, including board retreats, long-range planning, mergers, and corporate restructuring. They also offer resources to develop new cooperatives and conduct cooperative benchmarking. The organization's ultimate goal is to educate people about the benefits and advantages of cooperative activities, promoting their growth and development.
Official website here: www.iowainstitute.coop
Is Iowa Institute For Cooperatives legitimate?
Iowa Institute For Cooperatives is a legitimate nonprofit organization registered as a 501(c)(6) entity. Iowa Institute For Cooperatives submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $238,122
Professional Fundraising Fees: $0
Other Salaries and Wages: $276,512
For more financial information, click here
Official website here: www.iowainstitute.coop
What is the mission statement of Iowa Institute For Cooperatives?
The Iowa Institute for Cooperatives is established with the objective of fostering cooperation among its members, aiming to enhance the interests and well-being of Iowa cooperatives. The primary method of achieving this goal is through educational initiatives. The institute actively encourages, sponsors, promotes, and conducts educational activities aimed at enhancing understanding of the cooperative business model. The purpose is to develop a comprehensive grasp of cooperatives, their philosophy, principles, and practices, thereby promoting their growth and development. The ultimate aim is to foster sound public policies and attitudes towards cooperatives, enabling their continued prosperity.
Official website here: www.iowainstitute.coop
Who is the CEO of Iowa Institute For Cooperatives?
David Holm is the President of Iowa Institute For Cooperatives.
Official website here: www.iowainstitute.coop
What is the revenue of Iowa Institute For Cooperatives?
Iowa Institute For Cooperatives's revenue in 2023 was $1,031,429.
Official website here: www.iowainstitute.coop
Who are the executives of Iowa Institute For Cooperatives and what are their salaries?
The average compensation at Iowa Institute For Cooperatives during 2023 was $128,658. There are 4 employees at Iowa Institute For Cooperatives.
Here are 18 key members and their salaries:
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- Compensation: $211,233
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- Other: $31,781
- Compensation: $163,614
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Official website here: www.iowainstitute.coop
Where can I find the form 990 for Iowa Institute For Cooperatives?
Iowa Institute For Cooperatives's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.iowainstitute.coop
Learn more at the official website: www.iowainstitute.coop
Mission Statement of Iowa Institute For Cooperatives
The Iowa Institute for Cooperatives, as a nonprofit organization, aims to unite its members in a society with the primary objective of boosting the interests and well-being of Iowa cooperatives. They achieve this goal through various means, including educational initiatives. The Institute specifically encourages, sponsors, promotes, and conducts educational activities designed to foster a deeper understanding of the cooperative business model. Their ultimate objective is to develop a comprehensive understanding of cooperatives, empowering individuals to fully appreciate the benefits and advantages they offer. This enhanced knowledge can, in turn, lead to the formulation of favorable public policies and attitudes towards cooperatives, ultimately contributing to their sound growth and development.
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Impact
October, 2024
The Iowa Institute for Cooperatives plays a critical role in enhancing the cooperative business model across Iowa, which has significantly contributed to the state's economic progress for decades. By fostering collaboration among cooperatives from various sectors—including agriculture, credit unions, rural electric, rural telephone, and petroleum—the institute strengthens the cooperative framework that is vital to local economies.
IIC focuses on educating its members about the cooperative principles and best practices, promoting a deeper understanding of their unique value systems. Through the development of educational programs and training, it equips cooperatives with the knowledge necessary for sustainable growth and competitive advantage. The institute also provides timely updates on legislative matters that affect cooperatives, ensuring that their interests are represented and advanced in policymaking arenas.
Furthermore, IIC supports new cooperative development by offering resources for startup planning and feasibility studies, as well as guidance on long-range planning and corporate restructuring. It also engages in benchmarking financial performance, providing cooperatives with valuable insights that encourage operational efficiency.
The impact is not just limited to economic growth; it also encompasses community improvement, as cooperatives thrive on community engagement and collaboration. By promoting the cooperative model, the Iowa Institute for Cooperatives ultimately helps build resilient communities that benefit from shared resources and mutual support.
This information is meant to be a general summary of Iowa Institute For Cooperatives. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $34,973
- Program Service Revenue: $995,656
- Gross Receipts: $1,031,429
Assets and Liabilities:
- Total Assets: $1,062,197
- Total Liabilities: $119,924
- Net Assets: $942,273
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$587,030
EDUCATIONAL PROGRAMS
Revenue
$219,648
BENCHMARKING
Revenue
$92,875
MEETINGS & ACTIVITIES
Revenue
$78,400
MEMBER SERVICE INCOME
Revenue
$17,103
Organization Details
Founding Year
1951
Phone
(515) 292-2667Principal Officer
David Holm
Main Address
2515 UNIVERSITY BLVD, AMES, IA, 50010
Website
www.iowainstitute.coopNTEE Category
Code: S41 - Community improvement
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