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Iowa Cooperative Foundation

EIN 42-1305677 · Ames, IA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood80 out of 100GovernanceGood82 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE IOWA COOPERATIVE FOUNDATION IS ORGANIZED FOR CHARITABLE, SCIENTIFIC AND EDUCATION PURPOSES. THE FOUNDATION IS ORGANIZED, AND WILL BE OPERATED BY, EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE CHARITABLE PURPOSE OF THE IOWA INSTITUTE FOR COOPERATIVES, AN IOWA NONPROFIT CORPORATION.

Income
$55,222
Spending
$72,500
Spent on programs
100%
Reserves
71.6 months of spending
Largest source of income
donations and private grants, 57%
Employees
0
Volunteers
0
Highest pay
$306,313, staff liaison (former)

Source: Form 990 for the year ending May 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 80 out of 100.

  • Reserves

    35 of 35

    Spendable reserves would cover 71.6 months of spending.

  • Debt

    20 of 20

    It owes 8% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 31% of income.

  • Income trend

    10 of 15

    Income fell 7% on the year before.

  • Spending floor

    15 of 15

    100% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending May 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 82 out of 100.

  • Independent board

    25 of 25

    7 of 7 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending May 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $72,500 spent. PRIORITY FOR WORK CONDUCTED BY OR SUPPORTED BY THE FOUNDATION SHALL BE GIVEN TO RURAL COOPERATIVE DEVELOPMENT WITH EMPHASIS ON NEW OR YOUNG COMPANIES. ACTIVITIES MAY INCLUDE RESEARCH AND EDUCATION ABOUT RURAL NEEDS, ASSISTANCE IN CREATING COOPERATIVES WHEN APPROPRIATE AND TRAINING PROGRAMS FOR MANAGEMENT AND DIRECTORS. PRIORTY WILL ALSO BE GIVEN TO PROVIDNG YOUTH SCHOLARSHIPS TO YOUTHS LIVING IN RURAL COMMUNITIES.DONATED SERVICES, VALUED AT $1,665, WERE PROVIDED BY THE IOWA INSTITUTE FOR COOPERATIVES DURING THE 2024 TAX YEAR.

Source: Form 990 for the year ending May 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending May 2026.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since April 1989.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.