Education Foundation Of The Iowa Chapter Of Fm & Ra
Education Foundation consistently grows assets with no liabilities and zero officer compensation.
EIN: 203072202 · Iowa Falls, IA · NTEE: S114 · Updated: 2026-03-28
Is Education Foundation Of The Iowa Chapter Of Fm & Ra Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Education Foundation Of The Iowa Chapter Of Fm & Ra directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Education Foundation Of The Iowa Chapter Of Fm & Ra
Education Foundation Of The Iowa Chapter Of Fm & Ra (EIN: 203072202) is a nonprofit organization based in Iowa Falls, IA, classified under NTEE code S114. The organization reported total revenue of $24K and total assets of $121K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Education Foundation Of The Iowa Chapter Of Fm & Ra's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Education Foundation Of The Iowa Chapter Of Fm & Ra with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Education Foundation Of The Iowa Chapter Of Fm & Ra allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly favorable for directing funds towards the mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Education Foundation Of The Iowa Chapter Of Fm & Ra:
- Consistent asset growth, from $19,287 in 2015 to $110,724 in 2024.
- Zero liabilities reported across all filing periods, indicating strong financial health.
- 0% officer compensation consistently reported, maximizing funds for programs.
- Revenue generally exceeds expenses, leading to healthy surpluses and asset accumulation.
- Robust filing history with 13 IRS 990 filings, demonstrating transparency and compliance.
Frequently Asked Questions about Education Foundation Of The Iowa Chapter Of Fm & Ra
Is Education Foundation Of The Iowa Chapter Of Fm & Ra a legitimate charity?
Based on AI analysis of IRS 990 filings, Education Foundation Of The Iowa Chapter Of Fm & Ra (EIN: 203072202) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Education Foundation Of The Iowa Chapter Of Fm & Ra spend its money?
Education Foundation Of The Iowa Chapter Of Fm & Ra directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Education Foundation Of The Iowa Chapter Of Fm & Ra tax-deductible?
Education Foundation Of The Iowa Chapter Of Fm & Ra is registered as a tax-exempt nonprofit (EIN: 203072202). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Education Foundation Of The Iowa Chapter Of Fm & Ra financially stable?
Yes, the organization is financially stable, demonstrating consistent asset growth from $19,287 in 2015 to $110,724 in 2024, and consistently reporting $0 in liabilities across all periods.
How much of the organization's revenue goes to executive salaries?
None. The organization consistently reports 0% officer compensation in all available IRS 990 filings, meaning no revenue is allocated to executive salaries.
Does the organization manage its expenses well?
Yes, in most periods, expenses are significantly lower than revenue, leading to asset accumulation. For example, in 2024, expenses were $14,163 against revenue of $29,603, indicating effective expense management.
What is the trend in the organization's assets?
The organization shows a strong upward trend in assets, growing from $19,287 in 2015 to $110,724 in 2024, indicating successful financial stewardship and growth.
Filing History
IRS 990 filing history for Education Foundation Of The Iowa Chapter Of Fm & Ra showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Education Foundation Of The Iowa Chapter Of Fm & Ra's revenue has grown by 68.4%, moving from $18K to $30K. Total assets increased by 367% over the same period, from $24K to $111K. Total functional expenses fell by 32.2%, from $21K to $14K. In its most recent filing year (2024), Education Foundation Of The Iowa Chapter Of Fm & Ra reported a surplus of $15K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $30K | $14K | $111K | $0 | — | — |
| 2023 | $21K | $13K | $95K | $0 | — | View 990 |
| 2022 | $50K | $11K | $87K | $0 | — | — |
| 2021 | $17K | $9K | $56K | $0 | — | — |
| 2020 | $19K | $24K | $48K | $0 | — | View 990 |
| 2019 | $26K | $27K | $53K | $0 | — | View 990 |
| 2018 | $32K | $24K | $54K | $0 | — | View 990 |
| 2017 | $24K | $23K | $46K | $0 | — | View 990 |
| 2016 | $49K | $24K | $45K | $0 | — | View 990 |
| 2015 | $17K | $22K | $19K | $0 | — | View 990 |
| 2014 | $25K | $29K | $24K | $0 | — | View 990 |
| 2013 | $16K | $12K | $28K | $10K | — | View 990 |
| 2012 | $18K | $21K | $24K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $30K, expenses of $14K, and assets of $111K (revenue +43.3% year-over-year).
- 2023: Revenue of $21K, expenses of $13K, and assets of $95K (revenue -58.7% year-over-year).
- 2022: Revenue of $50K, expenses of $11K, and assets of $87K (revenue +193.7% year-over-year).
- 2021: Revenue of $17K, expenses of $9K, and assets of $56K (revenue -9.6% year-over-year).
- 2020: Revenue of $19K, expenses of $24K, and assets of $48K (revenue -28.7% year-over-year).
- 2019: Revenue of $26K, expenses of $27K, and assets of $53K (revenue -17.5% year-over-year).
- 2018: Revenue of $32K, expenses of $24K, and assets of $54K (revenue +35.4% year-over-year).
- 2017: Revenue of $24K, expenses of $23K, and assets of $46K (revenue -52.2% year-over-year).
- 2016: Revenue of $49K, expenses of $24K, and assets of $45K (revenue +185.1% year-over-year).
- 2015: Revenue of $17K, expenses of $22K, and assets of $19K (revenue -31.2% year-over-year).
- 2014: Revenue of $25K, expenses of $29K, and assets of $24K (revenue +53.3% year-over-year).
- 2013: Revenue of $16K, expenses of $12K, and assets of $28K (revenue -6.4% year-over-year).
- 2012: Revenue of $18K, expenses of $21K, and assets of $24K.
Data Sources and Methodology
This transparency report for Education Foundation Of The Iowa Chapter Of Fm & Ra is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.