Iowa Trust Association
- Assets
- $280.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Johnston, IA
- Founding
- 05/1976
- Data as of
- 12/2022
- EIN
- 51-0188600
Organization Overview
Iowa Trust Association is located in Johnston, IA. The organization was established in 1976. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iowa Trust Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Iowa Trust Association generated $122.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $118.1k during the year ending 12/2022. While expenses have increased by 4.4% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDE A FORUM FOR THE DISCUSSION AND CONSIDERATION OF AREAS OF CONCERN TO MEMBERS IN THEIR FIDUCIARY CAPACITY AND TO PROVIDE EDUCATIONAL PROGRAMS TO MEMBERS.FALL CONFERENCE HAD 142 ATTENDEES. TRUST OPERATIONS SEMINAR HAD 44 ATTTENDEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Schrader Director | 0 | $0 | |
Nathaniel Tagtow Past President | 0 | $0 | |
Tom Johanns Director | 0 | $0 | |
Norm Bach Director | 0 | $0 | |
Billi Brahn Director | 0 | $0 | |
Chris Even Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $75,690 |
| Membership dues | $46,300 |
| Investment income | $568 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $122,558 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $46,326 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $71,804 |
| Total expenses | $118,130 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $280,827 |
| Other assets | $0 |
| Total assets | $280,827 |
| Total liabilities | $0 |
| Net assets or fund balances | $280,827 |