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Iowa Association Of Business And Industry Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 421242565 ✦ Des moines, IA ✦ Designated as a 501(c)(3)

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Overview

What is Iowa Association Of Business And Industry Foundation?

The Iowa Association of Business and Industry Foundation is a nonprofit organization located in Des Moines, Iowa. Their primary focus is on promoting careers and educational pathways in advanced manufacturing. They aim to enhance the public's perception of these careers by addressing common misconceptions about work environment, safety, and wages through their statewide campaign known as Elevate Iowa. The foundation also strives to cultivate a group of future leaders and maintains an alumni network for continuous networking opportunities.


Official website here: www.iowaabifoundation.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 81%, Three-Star out of Four Star rating.

The Iowa Association of Business and Industry Foundation demonstrates a solid performance with an overall score of 81%, classified as a Three-Star charity. This rating reflects the organization's strong accountability and finance practices, including an independent board comprised entirely of independent members and no material diversion of assets. Their commitment to transparency is evident, as they have policies on conflict of interest, whistleblowing, and document retention clearly listed.

Strengths of the foundation include an impressive program expense ratio of 88.73%, indicating a significant portion of resources directed towards their mission-related activities. Additionally, the foundation reports a low liabilities to assets ratio of 11.37%, showcasing financial stability. The scores for culture, community engagement, and equity strategies further underline their dedication to fostering a positive impact within their operational scope.

While the organization performs well in many areas, the data does not highlight any specific limitations or challenges. Overall, the Iowa Association of Business and Industry Foundation appears to be a reliable organization focused on effectively achieving its goals while maintaining strong financial and operational integrity.


This AI summary has been generated from information found on Charity Navigator.

Is Iowa Association Of Business And Industry Foundation legitimate?

Iowa Association Of Business And Industry Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Iowa Association Of Business And Industry 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: $0

For more financial information, click here


Official website here: www.iowaabifoundation.org

What is the mission statement of Iowa Association Of Business And Industry Foundation?

The Iowa Association of Business and Industry Foundation's mission is centered around cultivating future leaders and fostering a strong alumni network. This is achieved through the programs they offer, serving to sustain the networking connections established. The foundation's primary initiative is Elevate Iowa, a statewide campaign aimed at promoting advanced manufacturing careers. This campaign works to enhance the perception of these professions, addressing misconceptions about the work environment, safety, and remuneration.


Official website here: www.iowaabifoundation.org

Who is the CEO of Iowa Association Of Business And Industry Foundation?

Michael Ralston is the Chair of Iowa Association Of Business And Industry Foundation.


Official website here: www.iowaabifoundation.org

What is the revenue of Iowa Association Of Business And Industry Foundation?

Iowa Association Of Business And Industry Foundation's revenue in 2023 was $530,394.


Official website here: www.iowaabifoundation.org

Who are the executives of Iowa Association Of Business And Industry Foundation and what are their salaries?

There 391 volunteers at Iowa Association Of Business And Industry Foundation.


Here are 16 key members and their salaries:


Lori Schaefer Weaton (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kim Butler Hegedus (Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michele Farrell (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Ralston (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Benesh (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Gross (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelly Barrick (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lori Thielen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dick Davidson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Dentlinger (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Landhuis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alyson Fleming (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Economos (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alex Gates (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michele Waber (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Mcmahon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.iowaabifoundation.org

Where can I find the form 990 for Iowa Association Of Business And Industry Foundation?

Iowa Association Of Business And Industry Foundation's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.iowaabifoundation.org

Learn more at the official website: www.iowaabifoundation.org

Mission Statement of Iowa Association Of Business And Industry Foundation

The Iowa Association of Business and Industry Foundation's mission is centered around fostering the development of future leaders and maintaining a network among them. This is achieved through various programs, aiming to establish a strong alumni community that continues to connect and support each other. The Foundation's efforts are primarily focused on the field of advanced manufacturing, where it seeks to enhance public perception, debunk misconceptions, and promote the industry's positive aspects, such as work environment, safety standards, and remuneration. The ultimate goal of the Iowa Association of Business and Industry Foundation is to encourage career and educational pathways in this sector, thereby contributing to a skilled workforce and a thriving industry.

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Impact




July, 2024

The Iowa Association of Business and Industry Foundation, through its Elevate Iowa campaign, is working to develop a cadre of future leaders in advanced manufacturing. The foundation aims to challenge misconceptions about careers in this field, such as work environment, safety, and wages, in order to encourage more individuals to pursue careers in advanced manufacturing. By maintaining an alumni group and networking opportunities, the foundation is actively fostering youth development and creating a positive impact on the future workforce in Iowa.




This information is meant to be a general summary of Iowa Association Of Business And Industry 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.

Revenue
$530,394 (2023)
Expenses
$519,868 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: -$15,228
  • Program Service Revenue: $157,864
  • Gross Receipts: $561,238

Assets and Liabilities:

  • Total Assets: $1,080,983
  • Total Liabilities: $122,941
  • Net Assets: $958,042

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Participant Fees

Revenue

$114,101

Event Fees

Revenue

$39,537

Application Fees

Revenue

$4,000

Organization Details

Founding Year

1984

Principal Officer

Michael Ralston

Main Address

400 East Court Ave 100, Des Moines, IA, 503092027

NTEE Category

Code: O53Z - Youth development

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