Iowa Policy Project FY2020 filing

Iowa City, IAUnknown exempt organization EIN 42-1512708Revenue $237K in FY2020

On file with the IRSiowapolicyproject.org20 E Market St · Iowa City, IA

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The mission of the Iowa Policy Project is to promote public policy that fosters economic opportunity while safeguarding the health and well-being of Iowa's people and the environment.

82¢ of each $1 spent went to programs.
$64K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2020
latest Form 990
Concern: the latest return is for FY2020, 6 tax years back; more than 4 tax years.
IRS e-file · Filing history
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$64K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$55K
64% of total assets
Fine: liabilities are 64% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$237K
Spent
$351K
To programs
82%
Net assets
$31K
By yearFY2020–FY2020
Revenue
$237K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$237K
FY2020$102K
Expenses
$351K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$351K
FY2020$27K
Net assets
$31K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$31K
FY2020$0

From the FY2020 Form 990 (year ending June 2020) · see the original

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

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2020.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $290K Management & general 16% · $58K Fundraising 1% · $4K

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

8 people listed on the 990; $64K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Director
$63,513Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2020FY2020
Michael Owen$5,571$63,513

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Iowa Policy Project 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

Promotes policies for economic opportunity, health, and environmental well-being in Iowa.

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1 program · $290K · in their own filed words · FY2019
01

Iowa Policy Project produces reports that cover a variety of research efforts. These reports are designed to better inform the public and effect broader areas of public policy. Reports published include policy briefs and research notes, including some guest opinions.

$290Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$25K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$237K
Ln 12
Gifts and grantsLn 1h$236K
Investment incomeLn 3$365
Money outPt IX
$351K
Ln 25
Programscol B$290K
Managementcol C$58K
Fundraisingcol D$4K
Owns and owesPt X
$31K
net assets · Ln 32
Cash and savingsLn 1–2$71K
Total assetsLn 16$86K
LiabilitiesLn 26$55K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$236K
Fundraising eventsLn 1c$0
Investment incomeLn 3$365
Gains on assetsLn 7$0
Total revenueLn 12$237K
Assets in detailPt X, end of year
CashLn 1$560
SavingsLn 2$70K
Cash and savings togetherLn 1–2$71K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$2K
Other assetsLn 15$0
Total assetsLn 16$86K
LiabilitiesLn 26$55K
Net assetsLn 32$31K
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$73K$71K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$2K$2K
Total assetsLn 16$146K$86K
LiabilitiesLn 26$158$55K
Net assetsLn 32$146K$31K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$88K$64K$24K$1K
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$162K$150K$11K$911
Pension plan contributionsLn 8$12K$11K$820$68
Other employee benefitsLn 9$15K$14K$809$69
Payroll taxesLn 10$17K$15K$2K$130
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$4K$0$4K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$16K$16K$540$0
Advertising and promotionLn 12$434$59$375$0
Office expensesLn 13$8K$1K$6K$782
Information technologyLn 14$1K$106$638$468
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$13K$10K$3K$130
TravelLn 17$7K$6K$537$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$2K$2K$362$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$5K$0$5K$0
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$351K$290K$58K$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Viewing $237K$351K−$115K$31K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $236,649 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $404,100$236,284
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $246$365
I-11 Other revenuePrior year $7,468$0
I-12 Total revenuePrior year $411,814$236,649
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $278,148$294,826
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $55,090$56,594
I-18 Total expensesPrior year $333,238$351,420
I-19 Revenue less expensesPrior year $78,576−$114,771
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $236,649 across 9 lines filed
VIII-1c Fundraising events$0
VIII-1f All other contributions, gifts and grants$236,284
VIII-1h Total contributions, gifts and grants$236,284
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $365$365
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $365$236,649
Part IX · Statement of functional expenses $351,420 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $63,551 · Management $23,737 · Fundraising $1,076$88,364
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $150,126 · Management $10,930 · Fundraising $911$161,967
IX-8 Pension plan contributionsPrograms $11,259 · Management $820 · Fundraising $68$12,147
IX-9 Other employee benefitsPrograms $14,093 · Management $809 · Fundraising $69$14,971
IX-10 Payroll taxesPrograms $15,071 · Management $2,176 · Fundraising $130$17,377
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $4,000 · Fundraising $0$4,000
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $15,600 · Management $540 · Fundraising $0$16,140
IX-12 Advertising and promotionPrograms $59 · Management $375 · Fundraising $0$434
IX-13 Office expensesPrograms $1,242 · Management $5,764 · Fundraising $782$7,788
IX-14 Information technologyPrograms $106 · Management $638 · Fundraising $468$1,212
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $10,364 · Management $2,538 · Fundraising $130$13,032
IX-17 TravelPrograms $6,354 · Management $537 · Fundraising $0$6,891
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $2,015 · Management $362 · Fundraising $0$2,377
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $0 · Management $4,720 · Fundraising $0$4,720
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $289,840 · Management $57,946 · Fundraising $3,634$351,420
Part X · Balance sheet $85,555 assets, 23 lines filed
X-1 Cash, non-interest-bearingStart of year $829$560
X-2 Savings and temporary cash investmentsStart of year $72,562$70,367
X-3 Pledges and grants receivableStart of year $70,664$12,900
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $1,728$1,728
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $145,783$85,555
X-17 Accounts payable and accrued expensesStart of year $158$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$54,700
X-26 Total liabilitiesStart of year $158$54,700
X-27 Net assets without donor restrictionsStart of year $48,149−$47,887
X-28 Net assets with donor restrictionsStart of year $97,476$78,742
X-32 Total net assets or fund balancesStart of year $145,625$30,855
X-33 Total liabilities and net assetsStart of year $145,783$85,555
Part XI · Reconciliation of net assets $30,855 net assets at year end
XI-1 Total revenue$236,649
XI-2 Total expenses$351,420
XI-3 Revenue less expenses−$114,771
XI-4 Net assets at start of year$145,625
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$1
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$30,855

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

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