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Iota Development Foundation

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

EIN: 431942972 ✦ Florissant, MO ✦ Designated as a 501(c)(3)

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Overview

What is Iota Development Foundation?

The Iota Development Foundation is a nonprofit organization that primarily focuses on nurturing and empowering the Lutheran men within the Beta Sigma Psi fraternity at the University of Missouri, commonly referred to as Mizzou. Through cash grants and initiatives, they have positively impacted over 130 individuals. Their work encompasses faith-based education, social welfare, and addressing homelessness and poverty concerns within their community. The foundation's mission is to foster personal growth and development among the Lutheran men at Mizzou, ultimately contributing to a stronger and more engaged community.


Official website here: www.https: www.iotadevelopmentfoundation.org

Is Iota Development Foundation legitimate?

Iota Development Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Iota Development 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: $27,286
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.https: www.iotadevelopmentfoundation.org

What is the mission statement of Iota Development Foundation?

The Iota Development Foundation's mission is centered around developing the Lutheran men at Beta Sigma Psi at the University of Missouri. This involves providing faith-based education and supporting social welfare initiatives, with a particular focus on addressing homelessness and poverty. One of their notable achievements includes aiding in the establishment of a new Lutheran church called Oikos Church, which has benefited over 130 individuals.


Official website here: www.https: www.iotadevelopmentfoundation.org

Who is the CEO of Iota Development Foundation?

Richard Kroeter is the Principal Officer of Iota Development Foundation.


Official website here: www.https: www.iotadevelopmentfoundation.org

What is the revenue of Iota Development Foundation?

Iota Development Foundation's revenue in 2022 was $368,211.


Official website here: www.https: www.iotadevelopmentfoundation.org

Who are the executives of Iota Development Foundation and what are their salaries?


There is 1 key member and their salary:


Rich Kroeter (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.https: www.iotadevelopmentfoundation.org

Where can I find the form 990 for Iota Development Foundation?

Iota Development Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.https: www.iotadevelopmentfoundation.org

Learn more at the official website: www.https: www.iotadevelopmentfoundation.org

Mission Statement of Iota Development Foundation

The Iota Development Foundation, in its mission, focuses on the development of Lutheran men within the Beta Sigma Psi fraternity at the University of Missouri (Mizzou). This nonprofit organization aims to cultivate and foster the spiritual growth of these individuals, providing them with opportunities to strengthen their faith and contribute positively to their community. The foundation's efforts have included the establishment of a new Lutheran church called Oikos Church, which has benefited over 130 individuals. Beyond religious activities, the Iota Development Foundation also engages in social welfare initiatives and addresses issues related to homelessness and poverty relief. By investing in the personal and communal development of Lutheran men at Mizzou, the Iota Development Foundation seeks to empower its members and create a positive impact within their broader community.

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Impact




October, 2024

The Iota Development Foundation has made a significant impact through its commitment to the development of the Lutheran men at Beta Sigma Psi at Mizzou. By providing a cash grant for the establishment of the Oikos Church, the foundation has benefited over 130 individuals, facilitating access to faith-based education and promoting social welfare initiatives. Their focus on homelessness and poverty relief demonstrates a dedication to addressing pressing community needs while fostering spiritual growth and connection among Lutheran men at the university. The foundation's initiatives are integral to building a supportive and engaged community within the Lutheran faith in Florissant, MO.




This information is meant to be a general summary of Iota Development 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
$368,211 (2022)
Expenses
$96,355 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $368,211

Assets and Liabilities:

  • Total Assets: $472,008
  • Total Liabilities: $0
  • Net Assets: $472,008

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Organization Details

Founding Year

2014

Principal Officer

Richard Kroeter

Main Address

14492 SOHO DR, FLORISSANT, MO, 630342652

NTEE Category

Code: B90 - Education

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