Iowa Agricultural Mitigation FY2020 filing

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

The mission of the Iowa Agricultural Mitigation Bank is to provide wetland mitigation credits for impacts to farmed wetlands in north-central Iowa. The bank is intended to provide owners of farmed wetlands an alternative replacement option.

501(c)(5) labor or agricultural organization; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(5)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $187K a year · 19% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
19 mo
of spending, in cash
Looks good: 18.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$345K
50% of total assets
Looks good: liabilities are 50% 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
$177K
Spent
$265K
To programs
0%
Net assets
$339K
By yearFY2020–FY2025
Revenue
$177K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$177K
FY2021$462K
FY2022$406K
FY2023$33K
FY2024$3.3M
FY2025$1.4M
Expenses
$265K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$265K
FY2021$221K
FY2022$267K
FY2023$350K
FY2024$3.0M
FY2025$595K
Net assets
$339K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$339K
FY2021$722K
FY2022$861K
FY2023$545K
FY2024$880K
FY2025$1.7M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2011.

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

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Iowa Agricultural Mitigation executive salaries →

On this list? Claim this org

Something off? Claim to add context

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 15aNo

Programs and updates

Provides wetland credits for farmed wetlands in north-central Iowa.

Questions for Iowa Agricultural Mitigation

Tap to ask. Iowa Agricultural Mitigation sees how many people are interested.

Your first name shows with your question. Iowa Agricultural Mitigation answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · in their own filed words · FY2020
01

Provide wetland mitigation credits to farmed wetlands in north-central Iowa. The bank is intended to provide owners of farmed wetland an alternative replacement option.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$177K
Ln 12
Other incomeLn 4–11$104K
Gifts and grantsLn 1h$70K
Fees for servicesLn 2g$3K
Money outPt IX
$265K
Ln 25
Owns and owesPt X
$339K
net assets · Ln 32
Cash and savingsLn 1–2$414K
Total assetsLn 16$684K
LiabilitiesLn 26$345K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$70K
Government grantsLn 1e$70K
Fees for servicesLn 2g$3K
Other incomeLn 4–11$104K
Gains on assetsLn 7$0
Total revenueLn 12$177K
Assets in detailPt X, end of year
CashLn 1$414K
SavingsLn 2$0
Cash and savings togetherLn 1–2$414K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$451K
Total assetsLn 16$684K
LiabilitiesLn 26$345K
Net assetsLn 32$339K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$574K$414K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$926K$684K
LiabilitiesLn 26$499K$345K
Net assetsLn 32$427K$339K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$128K
Legal feesLn 11b$50
Accounting feesLn 11c$450
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$7K
Advertising and promotionLn 12$436
Office expensesLn 13$0
Information technologyLn 14$2K
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$863
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$25
InterestLn 20$19K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$6K
Other expenses (24a–d)Ln 24$100K
All other expensesLn 24e$141
Total functional expensesLn 25$265K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.4M$595K$810K$1.7M 990 PDF
FY2024 $3.3M$3.0M$335K$880K 990 PDF
FY2023 $33K$350K−$316K$545K 990 PDF
FY2022 $406K$267K$139K$861K 990 PDF
FY2021 $462K$221K$241K$722K 990 PDF
FY2020 Viewing $177K$265K−$88K$339K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $176,845 revenue, 12 lines filed
I-8 Contributions and grants$70,331
I-9 Program service revenue$2,750
I-10 Investment income$0
I-11 Other revenuePrior year $754,486$103,764
I-12 Total revenuePrior year $754,486$176,845
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $390,461$264,506
I-18 Total expensesPrior year $390,461$264,506
I-19 Revenue less expensesPrior year $364,025−$87,661
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $176,845 across 9 lines filed
Lines not itemized here account for $103,764 of total revenue; see the IRS return.
VIII-1e Government grants$70,331
VIII-1h Total contributions, gifts and grants$70,331
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,750$2,750
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $106,514$176,845
Part IX · Statement of functional expenses $264,506 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$127,885
IX-11b Legal fees$50
IX-11c Accounting fees$450
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$6,675
IX-12 Advertising and promotion$436
IX-13 Office expenses$0
IX-14 Information technology$2,224
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$863
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$25
IX-20 Interest$19,074
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$6,436
IX-24 Other expenses (24a–d)$100,247
IX-24e All other expenses$141
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$264,506
Part X · Balance sheet $683,856 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $574,135$413,895
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year −$180,844−$180,844
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $532,323$450,805
X-16 Total assetsStart of year $925,614$683,856
X-17 Accounts payable and accrued expensesStart of year $498,901$344,803
X-25 Other liabilities$1
X-26 Total liabilitiesStart of year $498,901$344,804
X-27 Net assets without donor restrictionsStart of year $426,713$339,052
X-32 Total net assets or fund balancesStart of year $426,713$339,052
X-33 Total liabilities and net assetsStart of year $925,614$683,856
Part XI · Reconciliation of net assets $339,052 net assets at year end
XI-1 Total revenue$176,845
XI-2 Total expenses$264,506
XI-3 Revenue less expenses−$87,661
XI-4 Net assets at start of year$426,713
XI-10 Net assets at end of year$339,052

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.