Iowans For Tax Releif
- Assets
- $10.1m
- Revenue
- $950.5k
- Investments
- $0.0
- Employees
- 6
- Location
- West Des Moines, IA
- Founding
- 10/1978
- Data as of
- 12/2021
- EIN
- 42-1105304
Organization Overview
Iowans For Tax Releif is located in West Des Moines, IA. The organization was established in 1978. According to its NTEE Classification (W01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Iowans For Tax Releif employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iowans For Tax Releif is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Iowans For Tax Releif generated $950.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $656.6k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE SOCIAL WELFARE BY EDUCATING THE PUBLIC AND LOBBYING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNICATIONS AND DIGITAL OUTREACH TO THE PUBLIC AND ITR MEMBERS ABOUT TAXES, SPENDING, AND OTHER LIMITED GOVERMENT AND FREE MARKET PRINCIPLES
PUBLIC OUTREACH AND ENGAGEMENT AND EDUCATIONAL MEETINGS
LEGISLATIVE LOBBYING AND DIRECT ADVOCACY FOR IOWA LEGISLATIVE ISSUES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Ingstad President | OfficerTrustee | 22 | $0 |
Peter Voorhees Chairman | OfficerTrustee | 2 | $0 |
Joshua Boyer Secretary | OfficerTrustee | 2 | $0 |
Dan Steele Employee | 22 | $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 | $27,513 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,513 |
| Total Program Service Revenue | $0 |
| Investment income | $409,138 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $513,812 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $950,463 |
| 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 | $0 |
| Fees for services: Legal | $13,590 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $8,692 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $49,022 |
| Fees for services: Other | $6,500 |
| Advertising and promotion | $8,854 |
| Office expenses | $11,641 |
| Information technology | $35,382 |
| Royalties | $0 |
| Occupancy | $28,817 |
| Travel | $5,683 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,014 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,436 |
| All other expenses | $0 |
| Total functional expenses | $656,601 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,001,713 |
| 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 | $9,085,286 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,086,999 |
| Accounts payable and accrued expenses | $92,386 |
| 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 | $92,386 |
| Net assets without donor restrictions | $1,434,414 |
| Net assets with donor restrictions | $8,560,199 |
| 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 | $10,086,999 |
Endowment Analysis
| Beg. Balance | $3,839,475 |
| Earnings | $492,537 |
| Other Expense | $181,227 |
| Ending Balance | $4,150,785 |
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