Iowa Agricultural Mitigation
- Assets
- $862.7k
- Revenue
- $405.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Burlington, IA
- Founding
- 10/2011
- Data as of
- 12/2022
- EIN
- 27-2940802
Organization Overview
Iowa Agricultural Mitigation is located in Burlington, IA. The organization was established in 2011. According to its NTEE Classification (C34) the organization is classified as: Land Resources Conservation, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iowa Agricultural Mitigation is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2022, Iowa Agricultural Mitigation generated $405.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.2% each year . All expenses for the organization totaled $266.8k during the year ending 12/2022. While expenses have increased by 26.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE WETLAND MITIGATION CREDITS TO FARMED WETLANDS IN NORTH-CENTRAL IOWA. THE BANK IS INTENDED TO PROVIDE OWNERS OF FARMED WETLAND AN ALTERNATIVE REPLACEMENT OPTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Warren Johnson Vice President | OfficerTrustee | 2 | $0 |
Dan Heissel President | OfficerTrustee | 2 | $0 |
Jim Frederick Secretary | OfficerTrustee | 2 | $0 |
Keegan Kult Treasurer | OfficerTrustee | 2 | $0 |
Duane Sand Director | Trustee | 2 | $0 |
John Torbert Treasurer | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $405,500 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $405,500 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $207,500 |
| Fees for services: Legal | $120 |
| Fees for services: Accounting | $11,293 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,362 |
| Office expenses | $0 |
| Information technology | $106 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,836 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,097 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,672 |
| All other expenses | $0 |
| Total functional expenses | $266,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $823,695 |
| Savings and temporary cash investments | $994 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $38,000 |
| Total assets | $862,689 |
| Accounts payable and accrued expenses | $1,600 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,600 |
| Net assets without donor restrictions | $861,089 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $862,689 |
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|---|---|---|
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Conservation Foundation Naperville, IL | $10,642,016 | $3,351,729 |
Tall Pines Conservancy Inc Nashotah, WI | $2,243,899 | $2,340,562 |
Lake Forest Open Lands Association Lake Forest, IL | $65,831,069 | $6,633,518 |
Ll Foundation Keytesville, MO | $2,819,800 | $2,090,334 |
Jo Daviess Conservation Foundation Inc Elizabeth, IL | $13,683,840 | $1,728,367 |
Prairie Enthusiasts Inc Viroqua, WI | $12,506,035 | $2,620,729 |
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Ozaukee Washington Land Trust Inc West Bend, WI | $22,989,724 | $5,053,891 |
Tri County Landfill Association Inc Pukwana, SD | $3,342,044 | $923,065 |