Overview
What is Iowa Cooperative Foundation?
The Iowa Cooperative Foundation, based in Ames, Iowa, is a charitable organization with a primary focus on rural cooperative development. Emphasizing the needs of new or young companies, the foundation engages in research, education, and assistance in creating cooperatives where appropriate. It also offers training programs for management and directors. Furthermore, the foundation prioritizes providing youth scholarships to individuals residing in rural communities. During the 2022 tax year, the Iowa Institute for Cooperatives provided donated services valued at $1,484 to the foundation.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%
The Iowa Cooperative Foundation has achieved an impressive Four-Star out of Four Star rating from Charity Navigator, reflecting a high level of accountability and finance management. This score is derived entirely from its accountability and finance metrics, indicating strong transparency and effective governance practices. With a 94% score in this category, the foundation demonstrates its commitment to responsible financial practices.
One key strength of the Iowa Cooperative Foundation is its fully independent board, which consists of eight members. This independence contributes to unbiased decision-making and effective oversight. Additionally, the organization has no reported material diversion of assets, which further emphasizes its integrity and commitment to its mission.
On the financial management side, the foundation boasts an outstanding program expense ratio of 100%, indicating that all of its expenses are dedicated to its programs. Furthermore, it has a 0.00% liabilities to assets ratio, showcasing a solid financial footing. Overall, the Iowa Cooperative Foundation stands out as a well-managed nonprofit, although detailed information on its specific programs and impact would provide a more comprehensive view of its contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Iowa Cooperative Foundation legitimate?
Iowa Cooperative Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Iowa Cooperative 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.
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What is the mission statement of Iowa Cooperative Foundation?
The Iowa Cooperative Foundation is established with charitable, scientific, and educational purposes. It operates exclusively to support the functions or carry out the charitable purpose of the Iowa Institute for Cooperatives, a nonprofit corporation from Iowa. The foundation prioritizes its work in rural cooperative development, particularly for new or young companies. This may involve conducting research and education about rural needs, establishing cooperatives when necessary, and providing training programs for management and directors. Furthermore, the foundation also focuses on providing youth scholarships to young individuals residing in rural communities. During the 2022 tax year, the Iowa Institute for Cooperatives provided donated services valued at $1,484 to the foundation.
Who is the CEO of Iowa Cooperative Foundation?
David Holm is the President of Iowa Cooperative Foundation.
What is the revenue of Iowa Cooperative Foundation?
Iowa Cooperative Foundation's revenue in 2023 was $57,971.
Who are the executives of Iowa Cooperative Foundation and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Iowa Cooperative Foundation?
Iowa Cooperative Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Iowa Cooperative Foundation
The Iowa Cooperative Foundation is established with charitable, scientific, and educational objectives in mind. Its operations are exclusively dedicated to supporting and furthering the goals of the Iowa Institute for Cooperatives, a nonprofit corporation based in Iowa. The Foundation's primary focus lies in rural cooperative development, with a particular emphasis on new or emerging companies. Its activities may encompass research and education on rural needs, the creation of cooperatives when necessary, and training programs for management and directors. The Foundation also places importance on providing scholarships to youth residing in rural communities. During the 2022 tax year, the Iowa Institute for Cooperatives contributed valued services totalling $1,484 to the Foundation's endeavors.
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Impact
October, 2024
The Iowa Cooperative Foundation significantly impacts rural communities by focusing on cooperative development and educational initiatives. By prioritizing assistance for new and young companies, the foundation fosters economic growth and stability in these areas. Its activities encompass research and education on rural needs, supporting the creation of cooperatives, and providing training programs for management and directors.
Moreover, the foundation invests in the future of these communities through youth scholarships, which empower young individuals from rural areas by enhancing their educational opportunities. In the 2022 tax year, significant contributions were made in the form of donated services, demonstrating a commitment to sustainable community improvement and cooperative principles. Through these efforts, the Iowa Cooperative Foundation plays a crucial role in advancing the economic and social well-being of rural populations in Iowa.
This information is meant to be a general summary of Iowa Cooperative 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 2023.
- Investment Income: $14,492
- Gross Receipts: $57,971
Assets and Liabilities:
- Total Assets: $475,185
- Total Liabilities: $0
- Net Assets: $475,185
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Organization Details
Founding Year
1987
Phone
(515) 292-2667Principal Officer
David Holm
Main Address
2515 UNIVERSITY BLVD, AMES, IA, 50010
NTEE Category
Code: S30 - Community improvement
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