Civic Intelligence

Iowa Automobile Dealers Foundation for Education

990 • Fiscal year 2014 • EIN 42-1445192

Jun 01, 2013 to May 31, 2014 • Filed on Oct 09, 2014

1111 Office Park Road50265-2507

(515) 226-1900

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

31st percentile

0.02x

Higher debt load relative to assets than 31% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

69th percentile

0.30x

Higher debt load relative to revenue than 69% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

92nd percentile

51%

Higher net margin than 92% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

75th percentile

13%

Faster asset growth than 75% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

79th percentile

25%

Faster revenue growth than 79% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2014

Assets

Up

$1,263,147

Up $142,247 (+13%) from 2013

Net Assets

Up

$1,235,147

Up $140,247 (+13%) from 2013

Liabilities

Up

$28,000

Up $2,000 (+7.7%) from 2013

Revenue

$92,866

No earlier filing loaded for comparison.

Expenses

Up

$45,327

Up $4,455 (+11%) from 2013

Net Income

$47,539

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2011: $1,025,410Liabilities 2011: $29,031Net Assets 2011: $996,3792011Assets 2012: $958,659Liabilities 2012: $31,000Net Assets 2012: $927,6592012Assets 2013: $1,120,900Liabilities 2013: $26,000Net Assets 2013: $1,094,9002013Assets 2014: $1,263,147Liabilities 2014: $28,000Net Assets 2014: $1,235,1472014Assets 2015: $1,281,175Liabilities 2015: $30,000Net Assets 2015: $1,251,1752015Assets 2016: $1,228,368Liabilities 2016: $31,000Net Assets 2016: $1,197,3682016Assets 2017: $1,300,810Liabilities 2017: $32,287Net Assets 2017: $1,268,5232017Assets 2018: $1,352,393Liabilities 2018: $41,000Net Assets 2018: $1,311,3932018Assets 2019: $1,228,296Liabilities 2019: $50,000Net Assets 2019: $1,178,2962019Assets 2020: $1,160,605Liabilities 2020: $62,500Net Assets 2020: $1,098,1052020Assets 2021: $1,340,060Liabilities 2021: $62,628Net Assets 2021: $1,277,4322021Assets 2022: $1,127,201Liabilities 2022: $62,500Net Assets 2022: $1,064,7012022Assets 2023: $1,018,735Liabilities 2023: $62,500Net Assets 2023: $956,2352023Assets 2024: $1,077,959Liabilities 2024: $45,282Net Assets 2024: $1,032,6772024Assets 2025: $1,069,955Liabilities 2025: $36,000Net Assets 2025: $1,033,9552025

Highlighted filing

2014

Assets$1,263,147
Liabilities$28,000
Net Assets$1,235,147

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2011: $82,150Expenses 2011: $45,077Net Income 2011: $37,0732011Revenue 2012: $59,133Expenses 2012: $44,324Net Income 2012: $14,8092012Expenses 2013: $40,8722013Revenue 2014: $92,866Expenses 2014: $45,327Net Income 2014: $47,5392014Revenue 2015: $89,431Expenses 2015: $44,523Net Income 2015: $44,9082015Revenue 2016: $55,543Expenses 2016: $51,518Net Income 2016: $4,0252016Revenue 2017: $61,382Expenses 2017: $77,287Net Income 2017: -$15,9052017Revenue 2018: $103,430Expenses 2018: $96,173Net Income 2018: $7,2572018Revenue 2019: $85,217Expenses 2019: $126,383Net Income 2019: -$41,1662019Revenue 2020: $188,767Expenses 2020: $140,657Net Income 2020: $48,1102020Revenue 2021: $90,531Expenses 2021: $139,637Net Income 2021: -$49,1062021Revenue 2022: $229,791Expenses 2022: $131,023Net Income 2022: $98,7682022Revenue 2023: $42,779Expenses 2023: $137,598Net Income 2023: -$94,8192023Revenue 2024: $55,117Expenses 2024: $123,080Net Income 2024: -$67,9632024Revenue 2025: $77,481Expenses 2025: $129,021Net Income 2025: -$51,5402025

Highlighted filing

2014

Revenue$92,866
Expenses$45,327
Net Income$47,539
Jump To
Filing Snapshot
Filing Period
Jun 1, 2013 to May 31, 2014
Signed
Oct 9, 2014
Return Version
2013v3.0
Gross Receipts
$159,911
Mission and Program Overview

Mission

To invest in the future of the motor vehicle sales and service industry by awarding automotive scholarships. To develop programs and incentives with high schools, colleges, educational agencies, and the public to encourage automotive careers.

To invest in the future of the motor vehicle sales & service industry through scholarships.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,098,164$1,222,826▲ $124,662
Cash and Non-Interest-Bearing Accounts$14,361$25,588▲ $11,227
Pledges and Grants Receivable$8,375$14,733▲ $6,358
Total Assets$1,120,900$1,263,147▲ $142,247
Liabilities
Accounts Payable and Accrued Expenses$26,000$28,000▲ $2,000
Total Liabilities$26,000$28,000▲ $2,000
Net Assets / Fund Balance
Unrestricted Net Assets$1,086,525$1,220,414▲ $133,889
Temporarily Rstr Net Assets$8,375$14,733▲ $6,358
Total Net Assets Fund Balance$1,094,900$1,235,147▲ $140,247
Total Liabilities and Net Assets / Fund Balance$1,120,900$1,263,147▲ $142,247
Compensation and Service Providers

Board Members and Trustees

NameTitle
Paul WhitePresident
Mary CasonExecutive Vice President
Steve HowardVice-president
Blake ColwellDirector
Brad DerryDirector
Drew MceleneyDirector
Gary JungeDirector
Glen HulbertDirector
Jason WillisDirector
Larry DanielsonDirector
Mark HummelDirector
Mike ClemonsDirector
Stan MoffittDirector
Tom FitzpatrickDirector
Jeff WeberDirector (began 4/11/14)
Dewey VukovichDirector (thru 4/10/14)
Scott DeterSecretary-treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$47,808
Program Service Revenue
$0
Investment Income
$45,058
Other Revenue
$0
All Other Contributions
$47,808
Change in Net Assets
$47,539

Audited Revenue Reconciliation

Revenue per Audited Statements
$92,866
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$112,075
Total Revenue per Audited Statements
$204,941
Total Revenue per Form 990
$92,866
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$29,750
Other Expenses$15,577
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$28,000--$28,000
Fees for Service Investment Mgmnt Fees-$7,381-$7,381
Fees for Services Accounting-$5,300-$5,300
Grants to Domestic Orgs$1,750--$1,750
Office Expenses-$1,603-$1,603
Conferences and Meetings-$1,137-$1,137
Other Expenses-$156-$156
Total Functional Expenses$29,750$15,577$0$45,327

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$64,694
Expenses per Audited Statements$45,327
Total Expenses per Form 990$45,327
Expenses Not Reported on Form 990$19,367
Expenses Not Reported on Financial Statements$0
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
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 11

Pursuant to board policy, a draft copy of the form 990 is distributed to each member of the board of directors not less than 7 days before the filing of the form for review and approval. This review includes an overview of the form and discussions related to key sections. Affirmative responses of a majority of the board is required prior to filing and any member of the board of directors may call a meeting of the full board regarding the form 990 review and approval. Copies of the final form 990 are made available to all of the board of directors.

Form 990, Part VI, Section B, Line 12C

All persons covered by iowa automobile dealers foundation for education conflict of interest policy shall annually sign a statement that affirms that he or she has (a) received a copy of the policy, (b) read and understood the policy, and (c) agreed to comply with the policy. This policy shall be reviewed annually for the information and guidance of directors, officers and employees and new directors, officers and employees shall be advised of the policy. The iada entities will conduct periodic reviews of their activities, including any transactions with interested parties, to ensure that their activities in the aggregate promote and further their respective purpose.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, and financial statements are available to the public upon request

Filing and Contact Details

Filer

EIN
42-1445192
Phone
5152261900

Signing Officer

Name
Paul White
Title
President
Phone
5152261900
Signed
2014-10-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul White
Formed
1995
Legal Domicile
Ia
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
16

Preparer

Preparer
Brent L Alexander
Phone
5152237300
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The foundation is a not-for-profit entity exempt from federal income taxes under section 501(a) of the internal revenue code as an organization described in section 501(c)(3) of the internal revenue code. Management is not aware of any unrelated business income or any course of action or events that have occurred that would adversely affect the foundation's tax-exempt status. The foundation files a form 990 tax return, and the remaining open years subject to examination include the years ended may 31, 2011 through may 31, 2014. The foundation has not been notified of any impending examinations by tax authorities, and no examinations are in process.

Raw XML AppendixShowing 400 of 432 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/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY-TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR (THRU 4/10/14)
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR (BEGAN 4/11/14)
IRS990/Form990PartVIISectionAGrp/TitleTxt16EXECUTIVE VICE PRESIDENT
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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO INVEST IN THE FUTURE OF THE MOTOR VEHICLE SALES AND SERVICE INDUSTRY BY AWARDING AUTOMOTIVE SCHOLARSHIPS. TO DEVELOP PROGRAMS AND INCENTIVES WITH HIGH SCHOOLS, COLLEGES, EDUCATIONAL AGENCIES, AND THE PUBLIC TO ENCOURAGE AUTOMOTIVE CAREERS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01094900
IRS990/NetAssetsOrFundBalancesEOYAmt01235147
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt09157
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt09157
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt092708
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01603
IRS990/OfficeExpensesGrp/TotalAmt01603
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0BANK FEE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0156
IRS990/OtherExpensesGrp/TotalAmt0156
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt08375
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt014733
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0PAUL WHITE
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt033100
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt024750
IRS990/PYInvestmentIncomeAmt036823
IRS990/PYOtherExpensesAmt016122
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt029051
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt040872
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt069923
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt047539
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt047808
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt033100
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt037200
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt041975
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt047175
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0207258
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt035901
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt032484
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt022375
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt014762
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt013241
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0118763
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.52670
IRS990ScheduleA/PublicSupportPY170Pct00.58790
IRS990ScheduleA/PublicSupportTotal170Amt0171718
IRS990ScheduleA/SubstantialContributorsTotAmt035540
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt047808
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt033100
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt037200
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt041975
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt047175
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0207258
IRS990ScheduleA/TotalSupportAmt0326021
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt019367
IRS990ScheduleD/DonatedServicesUseFcltsAmt019367
IRS990ScheduleD/ExpensesNotReportedAmt019367
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt045327
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt092708
IRS990ScheduleD/RevenueNotReportedAmt0112075
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt092866
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS A NOT-FOR-PROFIT ENTITY EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT IS NOT AWARE OF ANY UNRELATED BUSINESS INCOME OR ANY COURSE OF ACTION OR EVENTS THAT HAVE OCCURRED THAT WOULD ADVERSELY AFFECT THE FOUNDATION'S TAX-EXEMPT STATUS. THE FOUNDATION FILES A FORM 990 TAX RETURN, AND THE REMAINING OPEN YEARS SUBJECT TO EXAMINATION INCLUDE THE YEARS ENDED MAY 31, 2011 THROUGH MAY 31, 2014. THE FOUNDATION HAS NOT BEEN NOTIFIED OF ANY IMPENDING EXAMINATIONS BY TAX AUTHORITIES, AND NO EXAMINATIONS ARE IN PROCESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt045327
IRS990ScheduleD/TotalRevenuePerForm990Amt092866
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0204941
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt064694
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt028000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt014
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS ("BOARD") REVIEWS, CRITIQUES AND APPROVES THE SCHOLARSHIP APPLICATIONS. THE BOARD ALSO DETERMINES THE DOLLAR AMOUNTS AWARDED FOR THE SCHOLARSHIP AND APPOINTS A SCHOLARSHIP SELECTION COMMITTEE ("SSC") WHICH DISTRIBUTES THE SCHOLARSHIPS AT THEIR DISCRETION. THE SSC REVIEWS THE APPLICATIONS AND SELECTS THE RECIPIENTS MEETING CERTAIN CRITERIA, INCLUDING A BACKGROUND CHECK. THE SSC REPORTS ITS APPLICATE DECISIONS TO THE BOARD WHICH HAS THE AUTHORITY TO ACCEPT, REJECT OR MODIFY THE RECOMMENDATIONS OF THE SSC. ONCE THE BOARD APPROVES THE SSC RECOMMENDATIONS, WINNERS AND SPONSORING DEALERSHIPS ARE NOTIFIED IN WRITING. THE IOWA AUTOMOBILE DEALERS FOUNDATION FOR EDUCATION STAFF CONFIRM THE STUDENTS' COURSE SCHEDULE AND REQUEST A TRANSCRIPT OF THEIR GRADES EACH SEMESTER PRIOR TO SENDING THE SCHOLARSHIP ADVANCES. IF A STUDENT DOES NOT FULFILL THEIR OBLIGATION FOR RECEIVING THE SCHOLARSHIP, THE SCHOLARSHIP WILL BE RESCINDED. THIS POLICY IS REVIEWED ANNUALLY BY THE POLICY AND PROCEDURES COMMITTEE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PURSUANT TO BOARD POLICY, A DRAFT COPY OF THE FORM 990 IS DISTRIBUTED TO EACH MEMBER OF THE BOARD OF DIRECTORS NOT LESS THAN 7 DAYS BEFORE THE FILING OF THE FORM FOR REVIEW AND APPROVAL. THIS REVIEW INCLUDES AN OVERVIEW OF THE FORM AND DISCUSSIONS RELATED TO KEY SECTIONS. AFFIRMATIVE RESPONSES OF A MAJORITY OF THE BOARD IS REQUIRED PRIOR TO FILING AND ANY MEMBER OF THE BOARD OF DIRECTORS MAY CALL A MEETING OF THE FULL BOARD REGARDING THE FORM 990 REVIEW AND APPROVAL. COPIES OF THE FINAL FORM 990 ARE MADE AVAILABLE TO ALL OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL PERSONS COVERED BY IOWA AUTOMOBILE DEALERS FOUNDATION FOR EDUCATION CONFLICT OF INTEREST POLICY SHALL ANNUALLY SIGN A STATEMENT THAT AFFIRMS THAT HE OR SHE HAS (A) RECEIVED A COPY OF THE POLICY, (B) READ AND UNDERSTOOD THE POLICY, AND (C) AGREED TO COMPLY WITH THE POLICY. THIS POLICY SHALL BE REVIEWED ANNUALLY FOR THE INFORMATION AND GUIDANCE OF DIRECTORS, OFFICERS AND EMPLOYEES AND NEW DIRECTORS, OFFICERS AND EMPLOYEES SHALL BE ADVISED OF THE POLICY. THE IADA ENTITIES WILL CONDUCT PERIODIC REVIEWS OF THEIR ACTIVITIES, INCLUDING ANY TRANSACTIONS WITH INTERESTED PARTIES, TO ENSURE THAT THEIR ACTIVITIES IN THE AGGREGATE PROMOTE AND FURTHER THEIR RESPECTIVE PURPOSE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt08375
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt014733
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01120900
IRS990/TotalAssetsEOYAmt01263147
IRS990/TotalAssetsGrp/BOYAmt01120900
IRS990/TotalAssetsGrp/EOYAmt01263147
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt047808
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt015577
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt029750
IRS990/TotalFunctionalExpensesGrp/TotalAmt045327
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt026000
IRS990/TotalLiabilitiesEOYAmt028000
IRS990/TotalLiabilitiesGrp/BOYAmt026000
IRS990/TotalLiabilitiesGrp/EOYAmt028000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01094900
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01235147
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt029750
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt045058
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt092866
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt016
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01120900
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01263147
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01086525
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01220414
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine101111 OFFICE PARK ROAD
IRS990/USAddress/City0WEST DES MOINES
IRS990/USAddress/State0IA

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.07$0.04$1.03$0.08$0.13$0.05
2024Summary only. Only limited summary data is available for this year.$1.08$0.05$1.03$0.06$0.12$0.07
2023Summary only. Only limited summary data is available for this year.$1.02$0.06$0.96$0.04$0.14$0.09
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$0.06$1.06$0.23$0.13$0.10
2021Summary only. Only limited summary data is available for this year.$1.34$0.06$1.28$0.09$0.14$0.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.16$0.06$1.10$0.19$0.14$0.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.23$0.05$1.18$0.09$0.13$0.04
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.35$0.04$1.31$0.10$0.10$0.01
2017Summary only. Only limited summary data is available for this year.$1.30$0.03$1.27$0.06$0.08$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.23$0.03$1.20$0.06$0.05$0.00
2015Detailed filing. Detailed filing data is available for this year.$1.28$0.03$1.25$0.09$0.04$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.26$0.03$1.24$0.09$0.05$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.12$0.03$1.09$0.04
2012Summary only. Only limited summary data is available for this year.$0.96$0.03$0.93$0.06$0.04$0.01
2011Summary only. Only limited summary data is available for this year.$1.03$0.03$1.00$0.08$0.05$0.04