Civic Intelligence

Iowa Agricultural Mitigation Inc

EIN 27-2940802 • 501(c)5 • Boone, IA

Profile

The mission of the Iowa Agricultural Mitigation Bank is to provide wetland mitigation credits for impacts to farmed wetlands in north-central Iowa. The bank is intended to provide owners of farmed wetlands an alternative replacement option.

1002 Quartz AveBoone, IA 50036

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

56th percentile

0.01x

Higher debt load relative to assets than 56% of similar nonprofits.

501(c)5 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

51st percentile

0.02x

Higher debt load relative to revenue than 51% of similar nonprofits.

501(c)5 • $1M-$5M nonprofits • Source year 2025

Net Margin

96th percentile

58%

Higher net margin than 96% of similar nonprofits.

501(c)5 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

67th percentile

$0

Higher top officer pay than 67% of similar nonprofits.

$1M-$5M nonprofits • Source year 2014

Asset Growth

90th percentile

26%

Faster asset growth than 90% of similar nonprofits.

501(c)5 • $1M-$5M nonprofits • Annualized from 2022 to 2025

Revenue Growth

94th percentile

51%

Faster revenue growth than 94% of similar nonprofits.

501(c)5 • $1M-$5M nonprofits • Annualized from 2022 to 2025

Assets

Up

$1,712,468

Up $504,456 (+42%) from 2024

Liabilities

Down

$22,092

Down $305,820 (-93%) from 2024

Net Assets

Up

$1,690,376

Up $810,276 (+92%) from 2024

Revenue

Down

$1,405,681

Down $1,891,374 (-57%) from 2024

Expenses

Down

$595,405

Down $2,366,228 (-80%) from 2024

Net Income

Up

$810,276

Up $474,854 (+142%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $362,980Liabilities 2011: $295,668Net Assets 2011: $67,3122011Assets 2012: $336,243Liabilities 2012: $99,273Net Assets 2012: $236,9702012Assets 2013: $384,100Liabilities 2013: $40,490Net Assets 2013: $343,6102013Assets 2014: $420,599Liabilities 2014: $161,182Net Assets 2014: $259,4172014Assets 2015: $385,897Liabilities 2015: $74,805Net Assets 2015: $311,0922015Assets 2016: $154,832Net Assets 2016: $154,8322016Assets 2017: $250,697Liabilities 2017: $148,960Net Assets 2017: $101,7372017Assets 2018: $352,889Liabilities 2018: $119,147Net Assets 2018: $233,7422018Assets 2019: $925,614Liabilities 2019: $498,901Net Assets 2019: $426,7132019Assets 2020: $683,856Liabilities 2020: $344,804Net Assets 2020: $339,0522020Assets 2021: $722,344Liabilities 2021: $0Net Assets 2021: $722,3442021Assets 2022: $862,689Liabilities 2022: $1,600Net Assets 2022: $861,0892022Assets 2023: $546,951Liabilities 2023: $2,273Net Assets 2023: $544,6782023Assets 2024: $1,208,012Liabilities 2024: $327,912Net Assets 2024: $880,1002024Assets 2025: $1,712,468Liabilities 2025: $22,092Net Assets 2025: $1,690,3762025

Highlighted filing

2025

Assets$1,712,468
Liabilities$22,092
Net Assets$1,690,376

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $82,366Expenses 2011: $15,054Net Income 2011: $67,3122011Expenses 2012: $25,5112012Revenue 2013: $156,100Expenses 2013: $49,460Net Income 2013: $106,6402013Revenue 2014: -$36,064Expenses 2014: $48,129Net Income 2014: -$84,1932014Revenue 2015: $93,145Expenses 2015: $41,470Net Income 2015: $51,6752015Revenue 2016: -$76,292Expenses 2016: $79,968Net Income 2016: -$156,2602016Revenue 2017: $186,853Expenses 2017: $239,948Net Income 2017: -$53,0952017Revenue 2018: $412,981Expenses 2018: $280,976Net Income 2018: $132,0052018Revenue 2019: $754,486Expenses 2019: $390,461Net Income 2019: $364,0252019Revenue 2020: $176,845Expenses 2020: $264,506Net Income 2020: -$87,6612020Revenue 2021: $462,004Expenses 2021: $221,100Net Income 2021: $240,9042021Revenue 2022: $405,500Expenses 2022: $266,755Net Income 2022: $138,7452022Revenue 2023: $33,121Expenses 2023: $349,532Net Income 2023: -$316,4112023Revenue 2024: $3,297,055Expenses 2024: $2,961,633Net Income 2024: $335,4222024Revenue 2025: $1,405,681Expenses 2025: $595,405Net Income 2025: $810,2762025

Highlighted filing

2025

Revenue$1,405,681
Expenses$595,405
Net Income$810,276

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.71$0.02$1.69$1.41$0.60$0.81
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.21$0.33$0.88$3.30$2.96$0.34
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.55$0.00$0.54$0.03$0.35$0.32
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.86$0.00$0.86$0.41$0.27$0.14
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.72$0.00$0.72$0.46$0.22$0.24
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.68$0.34$0.34$0.18$0.26$0.09
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.93$0.50$0.43$0.75$0.39$0.36
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.35$0.12$0.23$0.41$0.28$0.13
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.25$0.15$0.10$0.19$0.24$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.15$0.15$0.08$0.08$0.16
2015Detailed filing. Detailed filing data is available for this year.$0.39$0.07$0.31$0.09$0.04$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.42$0.16$0.26$0.04$0.05$0.08
2013Detailed filing. Detailed filing data is available for this year.$0.38$0.04$0.34$0.16$0.05$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$0.10$0.24$0.03
2011XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.36$0.30$0.07$0.08$0.02$0.07
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Feb 10, 2026
Return Version
2025v4.0
Gross Receipts
$1,405,681
Mission and Program Overview

Mission

The mission of the Iowa Agricultural Mitigation Bank is to provide wetland mitigation credits for impacts to farmed wetlands in north-central Iowa. The bank is intended to provide owners of farmed wetlands an alternative replacement option.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$807,167$1,400,927▲ $593,760
Cash and Non-Interest-Bearing Accounts$268,095$38,886▼ $229,209
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,208,012$1,712,468▲ $504,456
Other Assets Total$132,750$272,655▲ $139,905
Liabilities
Accounts Payable and Accrued Expenses$327,912$22,092▼ $305,820
Total Liabilities$327,912$22,092▼ $305,820
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$880,100$1,690,376▲ $810,276
Total Net Assets Fund Balance$880,100$1,690,376▲ $810,276
Total Liabilities and Net Assets / Fund Balance$1,208,012$1,712,468▲ $504,456

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$272,655--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dan HeisselPresident
Warren JohnsonVice President
Anna GrayDirector
Keegan KultDirector
Mollie AronowitzDirector
Jim FrederickSecretary
John TorbertTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
EOR Iowa LLCManagement & Sales1002 Quartz Ave, Boone, IA 50036$241,613
Revenue and Support

Revenue Composition

Contributions and Grants
$326,864
Program Service Revenue
$1,042,050
Investment Income
$36,767
Other Revenue
$0
Change in Net Assets
$810,276
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$595,405
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management---$241,613
Fees for Services Accounting---$12,203
Insurance---$11,171
Travel---$8,782
Other Expenses---$1,247
Advertising---$938
All Other Expenses---$559
Information Technology---$341
Fees for Services Legal---$120
Total Functional Expenses$0$0$0$595,405
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

No review was or will be conducted.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Iowa Agricultural Mitigation Inc
EIN
27-2940802
Phone
5152984974
Address
1002 Quartz Ave, Boone, IA 50036

Signing Officer

Name
Kim Perlstein
Title
Executive Director
Signed
2026-02-10
Discuss with paid preparer
Yes

Organization Details

Formed
2010
Legal Domicile
Ia
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Tp Anderson & Company Pc Cpas
Address
528 Sumner Avenue, HUMBOLDT, IA 50548
Preparer
Aaron Olson
Phone
5153323466
Supplemental Narrative

Financial Statement Notes

Part II, Line 9: Organization Reporting of conservation easements.

Conservation easements are held on the statement of financial position as inventory. When they are sold they are reported as revenue and cost of goods sold on the statement of activities. Each easement is documented as to the number of credits sold and individual purchasing the easement.

Raw XML Appendix341 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PYProgramServiceRevenueAmt0627050
IRS990/PYRevenuesLessExpensesAmt0335422
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IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt01400927
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0272655
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Wright County Easement
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IRS990ScheduleD/Section170hRqrStsfdInd0false
IRS990ScheduleD/StatesEasementsHeldCnt01
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CONSERVATION EASEMENTS ARE HELD ON THE STATEMENT OF FINANCIAL POSITION AS INVENTORY. WHEN THEY ARE SOLD THEY ARE REPORTED AS REVENUE AND COST OF GOODS SOLD ON THE STATEMENT OF ACTIVITIES. EACH EASEMENT IS DOCUMENTED AS TO THE NUMBER OF CREDITS SOLD AND INDIVIDUAL PURCHASING THE EASEMENT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part II, Line 9: Organization Reporting of conservation easements.
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0272655
IRS990ScheduleD/WrittenPolicyMonitoringInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
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IRS990/TaxablePartyNotificationInd0false
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IRS990/TotalAssetsGrp/BOYAmt01208012
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0595405
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0327912
IRS990/TotalLiabilitiesEOYAmt022092
IRS990/TotalLiabilitiesGrp/BOYAmt0327912
IRS990/TotalLiabilitiesGrp/EOYAmt022092
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01690376
IRS990/TotalProgramServiceRevenueAmt01042050
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01078817
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01405681
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01208012
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01712468
IRS990/TravelGrp/TotalAmt08782
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01002 Quartz Ave
IRS990/USAddress/CityNm0Boone
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd050036
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Kim Perlstein
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-02-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Iowa Agricultural Mitigation Inc
ReturnHeader/Filer/BusinessNameControlTxt0IOWA
ReturnHeader/Filer/EIN0272940802
ReturnHeader/Filer/PhoneNum05152984974
ReturnHeader/Filer/USAddress/AddressLine1Txt01002 Quartz Ave
ReturnHeader/Filer/USAddress/CityNm0Boone
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050036
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0391894710
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TP ANDERSON & COMPANY PC CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0528 Sumner Avenue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HUMBOLDT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd050548
ReturnHeader/PreparerPersonGrp/PhoneNum05153323466
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Aaron Olson
ReturnHeader/ReturnTs02026-02-10T16:35:30-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02025-01-01
ReturnHeader/TaxPeriodEndDt02025-12-31
ReturnHeader/TaxYr02025

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