Overview
What is Iowa College Foundation?
The Iowa College Foundation, located at 505 FIFTH AVENUE 1034, DES MOINES, IA, 50309, is a nonprofit organization with a mission to foster the growth and development of private colleges and universities in Iowa. It achieves this mission by distributing contributions to its member educational institutions. The organization, with a team of five dedicated individuals, focuses on providing financial support to these institutions, contributing to their continued success and expansion of higher education opportunities in the state.
Official website here: www.iowacollegefoundation.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 88% (Three-Star out of Four Star rating)
The Iowa College Foundation has achieved a solid Three-Star rating from Charity Navigator, which indicates a commendable level of accountability and financial management, as the score is derived entirely from a single beacon focusing on these areas. The organization has demonstrated exceptional governance, with a fully independent board and robust policies in place, including a conflict of interest policy and a whistleblower policy.
Financially, the foundation exhibits a positive performance with a low liabilities-to-assets ratio, suggesting sound financial health. Additionally, a significant portion of its expenses (66.47%) is directed towards programs, indicating a focus on its mission and effective use of resources. These factors contribute to its strong standing in the nonprofit sector.
However, while the foundation has earned high marks for its governance and financial management, potential donors and stakeholders may still want to consider how these strengths translate into programmatic impact. Overall, the Iowa College Foundation appears to be a trustworthy organization with a clear commitment to maintaining transparency and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Iowa College Foundation legitimate?
Iowa College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Iowa College Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $160,082
For more financial information, click here
Official website here: www.iowacollegefoundation.org
What is the mission statement of Iowa College Foundation?
The Iowa College Foundation, as per its organizational structure, is focused on fostering the expansion and advancement of private institutions of higher education in Iowa. Its primary mission is to support these colleges and universities, promoting their growth and development. The foundation carries out this mission by distributing contributions to its member educational institutions.
Official website here: www.iowacollegefoundation.org
What is the revenue of Iowa College Foundation?
Iowa College Foundation's revenue in 2024 was $1,892,660.
Official website here: www.iowacollegefoundation.org
Who are the executives of Iowa College Foundation and what are their salaries?
The average compensation at Iowa College Foundation during 2024 was $40,020. There are 4 employees at Iowa College Foundation.
Here are 55 key members and their salaries:
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- Compensation: $202,016
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- Other: $33,439
Official website here: www.iowacollegefoundation.org
Where can I find the form 990 for Iowa College Foundation?
Iowa College Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.iowacollegefoundation.org
Learn more at the official website: www.iowacollegefoundation.org
Mission Statement of Iowa College Foundation
The Iowa College Foundation, as outlined in its Form 990, Part III, Line 1, is organized with the primary mission of fostering the expansion and enhancement of private institutions of higher education within the state of Iowa. This nonprofit organization focuses its efforts on supporting the growth and development of these educational establishments, thereby contributing to the overall advancement of Iowa's educational landscape. The Iowa College Foundation achieves this goal by distributing contributions to its affiliated colleges and universities.
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Impact
July, 2024
Iowa College Foundation's impact lies in furthering the growth and development of private colleges and universities of higher education in Iowa. Through distributions of contributions to member colleges and universities, the foundation plays a crucial role in supporting educational opportunities and enhancing the academic experience for students in the state.
This information is meant to be a general summary of Iowa College Foundation. 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 2024.
- Investment Income: $200,267
- Program Service Revenue: $665,800
- Gross Receipts: $2,011,679
Assets and Liabilities:
- Total Assets: $7,601,336
- Total Liabilities: $49,263
- Net Assets: $7,552,073
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSESSMENTS
Revenue
$665,800
Organization Details
Founding Year
1952
Principal Officer
Ed Finn
NTEE Category
Code: B82 - Education
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