Is Education Foundation Of The Iowa Chapter Of Fm & Ra Legit?

The Education Foundation Of The Iowa Chapter Of Fm & Ra demonstrates consistent financial health, with assets growing steadily over the past decade, from $19,287 in 2015 to $110,724 in 2024. The organization consistently operates with no liabilities, indicating strong financial management and a lack of debt. Revenue has fluctuated, with a high of $50,043 in 2022 and a low of $17,036 in 2021, but generally exceeds expenses, leading to asset accumulation. For instance, in 2024, revenue was $29,603 against expenses of $14,163, resulting in a significant surplus. The organization's spending efficiency appears strong, particularly given that officer compensation has consistently been reported as 0% across all available filings. This suggests that resources are primarily directed towards the organization's mission rather than administrative overhead related to executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the absence of officer compensation is a positive indicator of efficiency. The consistent growth in assets, coupled with low expenses relative to revenue in most years, points to effective resource management. In terms of transparency, the organization has a robust filing history with 13 IRS 990 filings, indicating consistent compliance with reporting requirements. The consistent reporting of 0% officer compensation across all periods is a clear and transparent disclosure regarding executive pay practices. The lack of liabilities further simplifies their financial structure, making it easier to understand their financial position. Overall, the foundation exhibits good financial health, efficient spending practices, and a commitment to transparency through its consistent IRS filings.