Iowa Reading Association

Tax-deductible

Glenwood, IA501(c)(3)EducationEIN 23-7019292

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Promote Reading skills

501(c)(3) charity; gifts are tax-deductible.
3¢ of each $1 spent went to programs.
Run by 10 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $4K a year · 17% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
3%
of spending
Concern: 3% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$506
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$23K
-10% vs prior year
Spent
$29K
To programs
3%
Net assets
$12K
By yearFY2020–FY2024
Revenue
$23K
FY2024▼ -10%
Revenue by fiscal year
FY2020$21K
FY2021$62K
FY2022$984
FY2023$26K
FY2024$23K
Expenses
$29K
FY2024▲ +4%
Expenses by fiscal year
FY2020$34K
FY2021$33K
FY2022$32K
FY2023$28K
FY2024$29K
Net assets
$12K
FY2024▼ -33%
Net assets by fiscal year
FY2020$22K
FY2021$51K
FY2022$20K
FY2023$18K
FY2024$12K

From the FY2024 Form 990 (year ending August 2024) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2019.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

3 cents of each dollar spent went to programs.

Program services 3% · $1K Management & general 97% · $28K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Membership D
$0Pt VII · Sec A
Northeast Re
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Southwest Rd
$0Pt VII · Sec A
President -
$0Pt VII · Sec A
Past Preside
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Nancy Wright’s $12K as Executive Di is at the 41st percentile of top reported officer pay among 146 <$100K education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Iowa Reading Association executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Iowa Reading Association is an education nonprofit based in Glenwood, IA.

Provided by the organization

This section is blank until Iowa Reading Association claims this page.

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1 program service account for $1K of program spending, described in the organization's own filed words · FY2023.
01

Promote reading skills through association membership

$1Kprogram expense

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$23K
Ln 12
Other incomeLn 4–11$18K
Gifts and grantsLn 1h$5K
Fees for servicesLn 2g$244
Money outPt IX
$29K
Ln 25
Programscol B$1K
Managementcol C$28K
Owns and owesPt X
$12K
net assets · Ln 32
Cash and savingsLn 1–2$12K
Total assetsLn 16$12K
LiabilitiesLn 26$506
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5K
Fees for servicesLn 2g$244
Investment incomeLn 3$1
Other incomeLn 4–11$18K
Total revenueLn 12$23K
Assets in detailPt X, end of year
SavingsLn 2$12K
Cash and savings togetherLn 1–2$12K
Total assetsLn 16$12K
LiabilitiesLn 26$506
Net assetsLn 32$12K
OperationsPt I, VI
EmployeesI 51
VolunteersI 610
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$18K$12K
Total assetsLn 16$18K$12K
LiabilitiesLn 26$506$506
Net assetsLn 32$18K$12K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of disqualified personsLn 6$12K$12K
Payroll taxesLn 10$918$918
Accounting feesLn 11c$9K$9K
Office expensesLn 13$40$40
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$5K$1K$4K
All other expensesLn 24e$17$17
Total functional expensesLn 25$29K$1K$28K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $23K$29K−$6K$12K 990 PDF
FY2023 $26K$28K−$2K$18K 990 PDF
FY2022 $984$32K−$31K$20K 990 PDF
FY2021 $62K$33K$29K$51K 990 PDF
FY2020 $21K$34K−$12K$22K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $23,144 across 7 lines filed
VIII-1b Membership dues$4,600
VIII-1f All other contributions, gifts and grants$327
VIII-1h Total contributions, gifts and grants$4,927
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $244$244
VIII-3 Investment incomeExcluded from tax $1$1
VIII-8 Net income from fundraising events$17,972
VIII-12 Total revenueRelated to mission $244 · Excluded from tax $1$23,144
Part IX · Statement of functional expenses $28,999 across 7 lines filed
IX-6 Pay of disqualified personsManagement $12,000$12,000
IX-10 Payroll taxesManagement $918$918
IX-11c Accounting feesManagement $9,350$9,350
IX-13 Office expensesManagement $40$40
IX-23 InsuranceManagement $1,365$1,365
IX-24 Other expenses (24a–d)Programs $1,008 · Management $4,301$5,309
IX-24e All other expensesManagement $17$17
IX-25 Total functional expensesPrograms $1,008 · Management $27,991 · Fundraising $0$28,999
Part X · Balance sheet $12,445 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $18,300$12,445
X-16 Total assetsStart of year $18,300$12,445
X-17 Accounts payable and accrued expensesStart of year $506$506
X-26 Total liabilitiesStart of year $506$506
X-27 Net assets without donor restrictionsStart of year $17,794$11,939
X-32 Total net assets or fund balancesStart of year $17,794$11,939
X-33 Total liabilities and net assetsStart of year $18,300$12,445
Part XI · Reconciliation of net assets $11,939 net assets at year end
XI-1 Total revenue$23,144
XI-2 Total expenses$28,999
XI-3 Revenue less expenses−$5,855
XI-4 Net assets at start of year$17,794
XI-10 Net assets at end of year$11,939

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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