Iowa Educators Corporation
- Assets
- $0.0
- Revenue
- $447.3k
- Investments
- $0.0
- Employees
- 8
- Location
- Cedar Falls, IA
- Founding
- Data as of
- 06/2015
- EIN
- 42-1511625
Organization Overview
Iowa Educators Corporation is located in Cedar Falls, IA. As of 06/2015, Iowa Educators Corporation employed 8 individuals. Iowa Educators Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SUPPORTING SERVICES TO IOWA AREA EDUCATION AGENCIES, PUBLIC AND PAROCHIAL SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY FUNCTION OF THE IOWA EDUCATORS CORPORATION (IEC) IS TO SUPPORT THE AREA EDUCATION AGENCIES IN PROVIDING A VOLUNTARY COOPERATIVE PURCHASING PROGRAM FOR IOWA K-12 SCHOOL DISTRICTS. IN ADDITION TO AGGRESSIVE PRICING, THE IEC PROVIDES PRODUCT RESEARCH, PROCUREMENT AND TRAINING TO SUPPORT THE EDUCATIONAL FUNCTIONS.THE IEC DISSOLVED EFFECTIVE JUNE 30, 2015 AND ALL PROGRAMMATIC ACTIVITY AND ASSETS WERE TRANSFERRED TO THE IOWA ASSOCIATION OF EDUCATIONAL PURCHASING (IAEP) A TAX-EXEMPT GOVERNMENTAL UNIT WITH A SIGNIFICANT EDUCATIONAL MISSION SIMILAR TO THE MISSION THAT IEC WAS ORGANIZED AND OPERATED TO SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Robert Vittengl Executive Director | Officer | 25 | $62,601 |
Dr Joy Prothero President | OfficerTrustee | 0.5 | $0 |
Francis Peterson Treasurer | OfficerTrustee | 0.5 | $0 |
Julie Wilken Secretary | OfficerTrustee | 0.5 | $0 |
Dr Earl Bridgewater Vice President | OfficerTrustee | 0.5 | $0 |
Dean Saunders Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $2,109 |
| 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 | $447,333 |
| Statement of Expenses | |
|---|---|
| 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. | $60,096 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $214,058 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $30,161 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,326 |
| Fees for services: Accounting | $2,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,777 |
| Advertising and promotion | $2,131 |
| Office expenses | $8,803 |
| Information technology | $84,603 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $16,769 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,178 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,374 |
| All other expenses | $0 |
| Total functional expenses | $1,096,838 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $0 |
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