Iowa Sports Foundation
- Assets
- $1.3m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 10
- Location
- Ames, IA
- Founding
- 02/1988
- Data as of
- 09/2021
- EIN
- 42-1278326
Organization Overview
Iowa Sports Foundation is located in Ames, IA. The organization was established in 1988. According to its NTEE Classification (N12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Recreation & Sports and related organizations. As of 09/2021, Iowa Sports Foundation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iowa Sports Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Iowa Sports Foundation generated $1.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $1.3m during the year ending 09/2021. 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
TO PROVIDE SPORTS, RECREATION, HEALTH AND WELLNESS OPPORTUNITIES FOR IOWANS OF ALL ABILITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ISF IS COMPRISED OF THE IOWA GAMES, LIVE HEALTHY IOWA, ADAPTIVE SPORTS IOWA AND THE IOWA SENIOR GAMES. TO PROMOTE AMATEUR SPORTS WITHIN THE STATE OF IOWA; HOST OLYMPIC-STYLE FESTIVALS AND COMPETITIONS; CREATE AWARENESS, EMPHASIZE AND EDUCATE IOWANS CONCERNING THE NUMEROUS BENEFITS OF GOOD HEALTH, PHYSICAL FITNESS, SPORTSMANSHIP AND COMPETITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Long Ceo/executive Director | Officer | 40 | $78,888 |
Matt Beatty Chief Operating Officer | Officer | 40 | $75,250 |
Blake Boldon Director | Trustee | 0.5 | $0 |
Tom Keating Director | Trustee | 0.5 | $0 |
Jess Vilsack Chair | Trustee | 0.5 | $0 |
Gary Barta Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $33,080 |
| All other contributions, gifts, grants, and similar amounts not included above | $887,421 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $920,501 |
| Total Program Service Revenue | $618,633 |
| Investment income | $7,715 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,977 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $44,787 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,610,513 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,000 |
| 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. | $174,810 |
| Compensation of current officers, directors, key employees. | $17,639 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $358,425 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $57,338 |
| Payroll taxes | $41,588 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,375 |
| Advertising and promotion | $114,902 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,558 |
| Travel | $24,514 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,531 |
| Insurance | $24,192 |
| All other expenses | $38,095 |
| Total functional expenses | $1,317,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $373,980 |
| Savings and temporary cash investments | $458,970 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,721 |
| 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 | $85,391 |
| Net Land, buildings, and equipment | $21,701 |
| Investments—publicly traded securities | $19,964 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $373,648 |
| Total assets | $1,349,375 |
| Accounts payable and accrued expenses | $15,087 |
| Grants payable | $0 |
| Deferred revenue | $17,800 |
| 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 | $32,887 |
| Net assets without donor restrictions | $1,275,798 |
| Net assets with donor restrictions | $40,690 |
| 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 | $1,349,375 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Iowa Sports Foundation has recieved totaling $68,026.
| Awarding Organization | Amount |
|---|---|
Ames Convention & Visitors Bureau Ames, IA PURPOSE: 2021 SUMMER IOWA GAMES SPONSORSHIP | $22,000 |
Spahn & Rose Lumber Co Charitable Foundation Dubuque, IA PURPOSE: GENERAL | $20,000 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION | $10,000 |
Move United Rockville, MD PURPOSE: ADAPTIVE WINTER AND SUMMER SPORTS PROGRAMMING EXPENSES | $10,000 |
Ames Convention & Visitors Bureau Ames, IA PURPOSE: SUMMER IOWA GAMES ATHLETE CHECK-IN | $6,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $26 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hunt And Diane Harris Family Foundation Moline, IL | $0 | $164,820 |
Camp Nageela Midwest Inc Skokie, IL | $3,818,884 | $3,295,001 |
National Recreation Foundation Inc Lake Forest, IL | $54,011,615 | $7,763,187 |
Iowa Sports Foundation Ames, IA | $1,349,375 | $1,610,513 |
South Dakota Parks & Wildlife Foundation Pierre, SD | $16,275,013 | $484,079 |
Friends Of Big Marsh Chicago, IL | $158,301 | $422,082 |
St Louis National Charity Horse Show Defiance, MO | $108,222 | $561,071 |
Warren County Y M C A Foundation Inc Monmouth, IL | $7,688,047 | $218,593 |
Campout For Kids Chicago, IL | $328,388 | $396,250 |
Minnesota Wild Foundation St Paul, MN | $288,254 | $249,908 |
Sports Factory Foundation Chicago, IL | $37,462 | $0 |
Clarinda Athletic Booster Club Inc Clarinda, IA | $87,060 | $261,043 |