Ames Education Foundation: Nonprofit Profile, Financials & Form 990 (EIN 42-1357966)

Revenue by fiscal year
FY2020	$413K
FY2021	$180K
FY2022	$117K
FY2023	$105K
FY2024	$429K
FY2025	$112K

Expenses by fiscal year
FY2020	$311K
FY2021	$104K
FY2022	$52K
FY2023	$82K
FY2024	$153K
FY2025	$56K

Net assets by fiscal year
FY2020	$1.2M
FY2021	$1.3M
FY2022	$1.4M
FY2023	$1.4M
FY2024	$1.7M
FY2025	$1.7M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1994.

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

Where the money goes

38 cents of each dollar spent went to programs.

38%

44%

18%

Program services 38% · $21K Management & general 44% · $25K Fundraising 18% · $10K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Steve Ringlee

President

$0Pt VII · Sec A

David Nelson

Treasurer/Se

$0Pt VII · Sec A

Amber Corieri

Vice Preside

$0Pt VII · Sec A

See Ames Education Foundation 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 15aNo

Programs and updates

Supports and advances the educational process for the Ames School District.

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Provided by the organization

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3 programs · $15K · in their own filed words · FY2024

01

Ames high athletics and band booster program expense and other

$9Kprogram expense

02

Scholastic and need scholarships provided to ames students

$6Kprogram expense

03

Support of ames school system and facilities

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2024

Community Fdn of Greater Des MoinesFY2024$9K

Total grants receivedfrom 1 funder$9K

Grants paid · 12 grants · $340K · 2019–2024

Ames Community School DistrictFY2024$9,228

Unitemized GrantFY2024$6,000

Ames Community School DistrictFY2023$17,575

Ames Community School DistrictFY2023$8,827

Unitemized GrantFY2023$7,500

Ames Community School DistrictFY2022$34,066

Unitemized GrantFY2022$7,500

Unitemized GrantFY2021$9,500

Ames Community School DistrictFY2020$14,912

Unitemized GrantFY2020$8,500

Ames Community School DistrictFY2019$207,469

Unitemized GrantFY2019$9,000

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$112K

Ln 12

Investment incomeLn 3$71K

Gifts and grantsLn 1h$41K

Money outPt IX

$56K

Ln 25

Programscol B$21K

Managementcol C$25K

Fundraisingcol D$10K

Owns and owesPt X

$1.7M

net assets · Ln 32

Cash and savingsLn 1–2$495K

Total assetsLn 16$1.7M

LiabilitiesLn 26$0

PeoplePt VI, VII

3

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$41K

Investment incomeLn 3$71K

Gains on assetsLn 7$20K

Total revenueLn 12$112K

Assets in detailPt X, end of year

CashLn 1$384K

SavingsLn 2$110K

Cash and savings togetherLn 1–2$495K

InvestmentsLn 11–13$1.2M

Total assetsLn 16$1.7M

LiabilitiesLn 26$0

Net assetsLn 32$1.7M

OperationsPt I, VI

EmployeesI 50

Fiscal year endsHeaderJune

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

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$488K	$495K
InvestmentsLn 11–13	$1.2M	$1.2M
Total assetsLn 16	$1.7M	$1.7M
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$1.7M	$1.7M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$9K	$9K
Grants to domestic individualsLn 2	$6K	$6K
Accounting feesLn 11c	$7K		$7K
Investment management feesLn 11f	$9K		$9K
Office expensesLn 13	$11K		$7K	$5K
Information technologyLn 14	$873		$873
InsuranceLn 23	$200		$200
Other expenses (24a–d)Ln 24	$10K	$5K		$5K
All other expensesLn 24e	$2K	$500	$724	$406
Total functional expensesLn 25	$56K	$21K	$25K	$10K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$112K	$56K	$57K	$1.7M	990 PDF
FY2024	$429K	$153K	$276K	$1.7M	990 PDF
FY2023	$105K	$82K	$23K	$1.4M	990 PDF
FY2022	$117K	$52K	$64K	$1.4M	990 PDF
FY2021	$180K	$104K	$76K	$1.3M	990 PDF
FY2020	$413K	$311K	$101K	$1.2M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $112,383 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $60,420$41,496

I-9 Program service revenue$0

I-10 Investment incomePrior year $368,741$70,887

I-11 Other revenue$0

I-12 Total revenuePrior year $429,161$112,383

I-13 Grants and similar amounts paidPrior year $33,902$15,228

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $119,109$40,387

I-18 Total expensesPrior year $153,011$55,615

I-19 Revenue less expensesPrior year $276,150$56,768

Part VI · Governance 3 of 3 board members independent, 3 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

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

VI-12a Written conflict of interest policyYes

Part VIII · Statement of revenue $112,383 across 6 lines filed

VIII-1b Membership dues$19,958

VIII-1f All other contributions, gifts and grants$21,538

VIII-1h Total contributions, gifts and grants$41,496

VIII-3 Investment incomeExcluded from tax $51,182$51,182

VIII-7 Net gain or loss on sales of assetsExcluded from tax $19,705$19,705

VIII-12 Total revenueExcluded from tax $70,887$112,383

Part IX · Statement of functional expenses $55,615 across 9 lines filed

IX-1 Grants to domestic organizationsPrograms $9,228$9,228

IX-2 Grants to domestic individualsPrograms $6,000$6,000

IX-11c Accounting feesManagement $6,625$6,625

IX-11f Investment management feesManagement $9,257$9,257

IX-13 Office expensesManagement $6,840 · Fundraising $4,560$11,400

IX-14 Information technologyManagement $873$873

IX-23 InsuranceManagement $200$200

IX-24 Other expenses (24a–d)Programs $5,148 · Fundraising $5,254$10,402

IX-24e All other expensesPrograms $500 · Management $724 · Fundraising $406$1,630

IX-25 Total functional expensesPrograms $20,876 · Management $24,519 · Fundraising $10,220$55,615

Part X · Balance sheet $1,742,717 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $378,012$384,446

X-2 Savings and temporary cash investmentsStart of year $109,891$110,215

X-11 Publicly traded securitiesStart of year $1,198,046$1,248,056

X-16 Total assetsStart of year $1,685,949$1,742,717

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $526,276$569,415

X-28 Net assets with donor restrictionsStart of year $1,159,673$1,173,302

X-32 Total net assets or fund balancesStart of year $1,685,949$1,742,717

X-33 Total liabilities and net assetsStart of year $1,685,949$1,742,717

Part XI · Reconciliation of net assets $1,742,717 net assets at year end

XI-1 Total revenue$112,383

XI-2 Total expenses$55,615

XI-3 Revenue less expenses$56,768

XI-4 Net assets at start of year$1,685,949

XI-10 Net assets at end of year$1,742,717

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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Ames Education Foundation

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Ames Education Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV