Iowa State Bar Foundation
- Assets
- $2.4m
- Revenue
- $367.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 04/1949
- Data as of
- 06/2022
- EIN
- 42-6055756
Organization Overview
Iowa State Bar Foundation is located in Des Moines, IA. The organization was established in 1949. According to its NTEE Classification (I12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iowa State Bar 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 06/2022, Iowa State Bar Foundation generated $367.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $127.6k during the year ending 06/2022. While expenses have increased by 1.9% per year over the past 7 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.
Since 2016, Iowa State Bar Foundation has awarded 13 individual grants totaling $421,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION AND ADVANCEMENT OF THE SCIENCE OF JURISPRUDENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT-MAKING IN THE SUPPORT OF IOWA STATE BAR ASSOCIATION FOR PROJECTS FURTHERING THE MISSION OF THE IOWA STATE BAR FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank J Carroll President | OfficerTrustee | 4 | $0 |
Gary J Streit Secretary | OfficerTrustee | 2 | $0 |
Jane V Lorentzen Vice Preside | OfficerTrustee | 2 | $0 |
Mark R Schuling Treasurer | OfficerTrustee | 2 | $0 |
Arnold O Kenyon Director | Trustee | 2 | $0 |
Deborah L Petersen Director | 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 | $78,420 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,420 |
| Total Program Service Revenue | $0 |
| Investment income | $162,388 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $126,218 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $367,026 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $85,140 |
| 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 | $20,400 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,165 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,082 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $1,321 |
| Total functional expenses | $127,608 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,129 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $113,955 |
| Accounts receivable, net | $5,290 |
| 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 | $2,204,371 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $92,854 |
| Total assets | $2,448,599 |
| Accounts payable and accrued expenses | $3,000 |
| 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 | $3,000 |
| Net assets without donor restrictions | $2,235,340 |
| Net assets with donor restrictions | $210,259 |
| 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 | $2,448,599 |
Grants Awarded
Over the last fiscal year, Iowa State Bar Foundation has awarded $70,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Des Moines, IA PURPOSE: FUNDING | $60,000 |
Des Moines, IA PURPOSE: FUNDING | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Iowa State Bar Foundation has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Gallagher Family Foundation Waterloo, IA PURPOSE: EDUCATION SUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $106,630 |
| Earnings | -$11,153 |
| Admin Expense | $785 |
| Net Contributions | $2,000 |
| Other Expense | $3,838 |
| Ending Balance | $92,854 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Law Enforcement Foundation Of Barron County Inc Rice Lake, WI | $1,585,900 | $1,547,435 |
Fund For Justice Chicago, IL | $192,097 | $497,287 |
The Nebraska Lawyers Foundation Lincoln, NE | $922,908 | $821,705 |
Hennepin County Bar Foundation Minneapolis, MN | $375,511 | $324,293 |
Minnesota State Bar Foundation Minneapolis, MN | $1,672,145 | $206,907 |
South Dakota Bar Foundation Pierre, SD | $2,903,576 | $256,624 |
Iowa State Bar Foundation Des Moines, IA | $2,448,599 | $367,026 |
Ramsey County Bar Foundation St Paul, MN | $799,615 | $226,411 |
Gradient Gives Back Foundation Arden Hills, MN | $57,619 | $0 |
Lake Forest Police Foundation Lake Forest, IL | $90,697 | $0 |
Supporting Hope Minneapolis, MN | $49,764 | $0 |
We Back The Badge Inc Salem, WI | $10,148 | $0 |