2023-02-22T11:39:40-06:00 2022-06-30 420794029 DENMAN & COMPANY LLP 1601 22ND STREET SUITE 400 WEST DES MOINES IA 502661453 990 2021-07-01 420745995 IOWA COLLEGE FOUNDATION IOWA 5152820473 505 FIFTH AVENUE 1034 DES MOINES IA 50309 ED FINN PRESIDENT 5152820473 2023-02-22 1 ED FINN XXX-XX-XXXX STEVE SCHWEIZER P01238619 5152258400 3 AAL1 IAL1 2021 2023-03-07 01:45:13Z ED FINN 505 FIFTH AVENUE 1034 DES MOINES IA 50309 2232159 0 X WWW.IOWACOLLEGEFOUNDATION.ORG X 1952 IA SEE FORM 990, PART III, LINE 1 50 50 5 50 0 0 997886 950802 636500 668350 386619 308611 9741 0 2030746 1927763 1258066 1302434 0 0 465281 465789 0 0 231460 166434 184598 1889781 1952821 140965 -25058 9093601 7601336 244072 49263 8849529 7552073 THE FOUNDATION IS ORGANIZED TO FURTHER THE GROWTH AND DEVELOPMENT OF PRIVATE COLLEGES AND UNIVERSITIES OF HIGHER EDUCATION IN IOWA. 0 0 1302434 1302434 668350 DISTRIBUTIONS OF CONTRIBUTIONS TO MEMBER COLLEGES AND UNIVERSITIES. 1302434 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 1 5 1 0 0 0 0 0 0 0 0 0 0 X 50 50 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X ED FINN 5152820473 505 5TH AVENUE DES MOINES IA 50309 PETER VOORHEES BOARD CHAIR 1.00 X X 0 0 0 PATRICIA DRAVES VICE CHAIR 1.00 X X 0 0 0 WILLIAM DUFFY II SECRETARY 1.00 X X 0 0 0 JOHN STAVNES TREASURER 1.00 X X 0 0 0 SUSAN HAACK PAST BOARD CHAIR 1.00 X X 0 0 0 JAMES COLLINS MEMBER 1.00 X 0 0 0 MARK PUTNAM MEMBER 1.00 X 0 0 0 JONATHAN BRAND MEMBER 1.00 X 0 0 0 KENT HENNING MEMBER 1.00 X 0 0 0 JOHN REYNDERS MEMBER 1.00 X 0 0 0 JEFFREY BULLOCK MEMBER 1.00 X 0 0 0 THOM CHESNEY MEMBER 1.00 X 0 0 0 DARREL COLSON MEMBER 1.00 X 0 0 0 JOHN OTTOSSON MEMBER 1.00 X 0 0 0 JAMES AIPPERSPACH MEMBER 1.00 X 0 0 0 STEVEN BRADFORD MEMBER 1.00 X 0 0 0 EARL MARTIN MEMBER 1.00 X 0 0 0 TONY GOLOBIC MEMBER 1.00 X 0 0 0 KENT HALL MEMBER 1.00 X 0 0 0 NICK HENDERSON MEMBER 1.00 X 0 0 0 GAGE KENT MEMBER 1.00 X 0 0 0 ROB MCDONALD MEMBER 1.00 X 0 0 0 JOHN SMITH MEMBER 1.00 X 0 0 0 RANDY RAMLO MEMBER 1.00 X 0 0 0 CHRISTINE TERHARK MEMBER 1.00 X 0 0 0 KIRK TYLER MEMBER 1.00 X 0 0 0 STEVE DORENKAMP MEMBER 1.00 X 0 0 0 MARTY FREDERICKS MEMBER 1.00 X 0 0 0 MIKE GASSMAN MEMBER 1.00 X 0 0 0 CHARLIE HARTIG MEMBER 1.00 X 0 0 0 SEAN KENNEDY MEMBER 1.00 X 0 0 0 LISA MCQUERREY MEMBER 1.00 X 0 0 0 JIM RUSSELL MEMBER 1.00 X 0 0 0 BEN STEELE MEMBER 1.00 X 0 0 0 CHARESE YANNEY MEMBER 1.00 X 0 0 0 JUDY RALSTON-HANSEN MEMBER 1.00 X 0 0 0 JENIFER WARD MEMBER 1.00 X 0 0 0 RACHELLE KARSTENS MEMBER 1.00 X 0 0 0 ANNE HARRIS MEMBER 1.00 X 0 0 0 BRIAN LENZMEIER MEMBER 1.00 X 0 0 0 MARSHA KELLIHER MEMBER 1.00 X 0 0 0 CHRISTINE PLUNKETT MEMBER 1.00 X 0 0 0 DREW VOGEL MEMBER 1.00 X 0 0 0 BRIAN WOGEN MEMBER 1.00 X 0 0 0 DAVID HAYES MEMBER 1.00 X 0 0 0 ERIK HOEKSTRA MEMBER 1.00 X 0 0 0 TODD OLSON MEMBER 1.00 X 0 0 0 AMY NOVAK MEMBER 1.00 X 0 0 0 GREGORY CHRISTY MEMBER 1.00 X 0 0 0 MICHAEL HELAK MEMBER 1.00 X 0 0 0 ED FINN PRESIDENT 1.00 X 188521 0 27810 188521 0 27810 1 0 1 0 0 950802 950802 ASSESSMENTS 900099 668350 668350 668350 155281 155281 457726 304396 153330 153330 153330 1927763 668350 0 308611 1302434 1302434 188521 188521 158926 158926 49200 49200 53004 53004 16138 5076 11062 57145 57145 20574 20574 16971 16971 20599 20599 1795 1795 SUPPLIES AND OTHER EXPE 40775 40775 MEMBERSHIPS 15461 15461 VEHICLE 11278 11278 1952821 1302434 418927 231460 1522103 1351218 23275 21511 38655 35505 4945 3150 7543278 6225457 9093601 7601336 10497 21513 233575 27750 244072 49263 X 1962814 1894229 6886715 5657844 8849529 7552073 9093601 7601336 -25058 -1272398 0 X X 0 1 X 1 0 X 2146940 2140612 2112841 1634386 1619152 9653931 2146940 2140612 2112841 1634386 1619152 9653931 1404094 8249837 128716 157262 149502 139880 155281 730641 10384572 0.79440 0.74570 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7543278 -1004271 313550 6225457 6189700 1651578 298000 7543278 6252711 161389 224400 6189700 6308901 227810 284000 6252711 6098873 24639 445589 260200 6308901 0.13688 0.57651 0.28661 0 0 38655 35505 3150 3150 MUTUAL FUNDS 5264364 F MONEY MARKET FUNDS 195823 F EQUITIES 765270 F 6225457 X 598220 -1272398 -1272398 1870618 57145 57145 1927763 1895676 0 1895676 57145 57145 1952821 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT FUND CONSISTS PRIMARILY OF INVESTMENTS TO PROVIDE A SOURCE OF LONG TERM INCOME TO BE USED TO FUND FUTURE SCHOLARSHIPS FOR COLLEGE STUDENTS. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) FOR AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS AND DETERMINED THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURES IN THE FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAX AUTHORITIES; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2019. 1 BRIAR CLIFF UNIVERSITY 3303 REBECCA STREET SIOUX CITY IA 51103 420707124 501(C)(3) 52825 0 PROVIDE SCHOLARSHIPS BUENA VISTA UNIVERSITY 610 W 4TH STREET STORM LAKE IA 50588 420680404 501(C)(3) 47998 0 PROVIDE SCHOLARSHIPS CENTRAL COLLEGE 812 UNIVERSITY STREET PELLA IA 50219 420680344 501(C)(3) 54729 0 PROVIDE SCHOLARSHIPS CLARKE UNIVERSITY 1550 CLARKE DRIVE DUBUQUE IA 52001 420680408 501(C)(3) 42771 0 PROVIDE SCHOLARSHIPS COE COLLEGE 1220 1ST AVE NE CEDAR RAPIDS IA 52402 420686467 501(C)(3) 49433 0 PROVIDE SCHOLARSHIPS CORNELL COLLEGE 600 1ST STREET SW MT VERNON IA 52314 420680335 501(C)(3) 52248 0 PROVIDE SCHOLARSHIPS DORDT COLLEGE 498 4TH AVE NE SIOUX CENTER IA 51250 420772559 501(C)(3) 54109 0 PROVIDE SCHOLARSHIPS DRAKE UNIVERSITY 2507 UNIVERSITY AVE DES MOINES IA 50311 420680460 501(C)(3) 67519 0 PROVIDE SCHOLARSHIPS GRACELAND UNIVERSITY 1 UNIVERSITY PLACE LAMONI IA 50140 420707114 501(C)(3) 42986 0 PROVIDE SCHOLARSHIPS GRAND VIEW UNIVERSITY 1200 GRANDVIEW AVE DES MOINES IA 50316 420681049 501(C)(3) 63625 0 PROVIDE SCHOLARSHIPS GRINNELL COLLEGE 733 BROAD STREET GRINNELL IA 50112 420680387 501(C)(3) 57211 0 PROVIDE SCHOLARSHIPS IOWA WESLEYAN COLLEGE 601 N MAIN STREET MT PLEASANT IA 52641 420680332 501(C)(3) 43094 0 PROVIDE SCHOLARSHIPS LORAS COLLEGE 1450 ALTA VISTA STREET DUBUQUE IA 52001 420680412 501(C)(3) 49797 0 PROVIDE SCHOLARSHIPS LUTHER COLLEGE 700 COLLEGE DR DECORAH IA 52101 420680466 501(C)(3) 66389 0 PROVIDE SCHOLARSHIPS MORNINGSIDE COLLEGE 1501 MORNINGSIDE AVE SIOUX CITY IA 51106 420680400 501(C)(3) 54922 0 PROVIDE SCHOLARSHIPS MOUNT MERCY COLLEGE 1330 ELMHURST DR NE CEDAR RAPIDS IA 52402 420681046 501(C)(3) 48309 0 PROVIDE SCHOLARSHIPS NORTHWESTERN COLLEGE 101 7TH ST SW ORANGE CITY IA 51041 420698196 501(C)(3) 52658 0 PROVIDE SCHOLARSHIPS SIMPSON COLLEGE 701 NORTH C STREET INDIANOLA IA 50125 420680389 501(C)(3) 58119 0 PROVIDE SCHOLARSHIPS ST AMBROSE UNIVERSITY 518 WEST LOCUST STREET DAVENPORT IA 52803 420703280 501(C)(3) 55921 0 PROVIDE SCHOLARSHIPS UNIVERSITY OF DUBUQUE 2000 UNIVERSITY AVE DUBUQUE IA 52001 420680323 501(C)(3) 50708 0 PROVIDE SCHOLARSHIPS UPPER IOWA UNIVERSITY 605 WASHINGTON STREET FAYETTE IA 52142 420680372 501(C)(3) 40622 0 PROVIDE SCHOLARSHIPS WARTBURG COLLEGE 100 WARTBURG BLVD WAVERLY IA 50677 420680351 501(C)(3) 72754 0 PROVIDE SCHOLARSHIPS WILLIAM PENN UNIVERSITY 201 W TRUEBLOOD AVE OSKALOOSA IA 52577 420707120 501(C)(3) 46687 0 PROVIDE SCHOLARSHIPS IOWA STATE UNIVERSITY 2229 LINCOLN WAY AMES IA 50011 426004224 115 41000 0 PROVIDE SCHOLARSHIPS UNIVERSITY OF IOWA 5 W JEFFERSON STREET IOWA CITY IA 52245 426004813 115 10000 0 PROVIDE SCHOLARSHIPS UNIVERSITY OF NORTHERN IOWA 1227 W 27TH STREET CEDAR FALLS IA 50614 426004333 115 17500 0 PROVIDE SCHOLARSHIPS 26 0 PART I, LINE 2: IOWA COLLEGE FOUNDATION WORKS CLOSELY WITH THE MEMBER INSTITUTIONS AND THEIR RESPECTIVE ADMINISTRATIVE OFFICES TO ENSURE THE INTENDED RECIPIENTS ARE RECEIVING THE CORRECT AMOUNT OF ASSISTANCE. X X 0 0 0 0 0 0 0 0 0 ED FINN PRESIDENT 185400 0 0 0 3121 0 27810 0 0 0 216331 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT AND BOARD OF GOVERNORS REVIEW THE FORM 990 PRIOR TO SIGNING AND SENDING TO IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS COORDINATED ANNUALLY THROUGH THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF GOVERNORS REVIEWS AND APPROVES COMPENSATION OF KEY EMPLOYEES ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL RECORDS AND OTHER OFFICIAL DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE FOUNDATION. FORM 990, PART XII, LINE 2C: THE FOUNDATION'S PROCESS FOR SELECTING AND OVERSEEING THE INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PREVIOUS YEAR.