2024-08-15T21:58:53-05:00 2023-09-30 205925131 SCHNURR & COMPANY LLP 1525 AIRPORT ROAD SUITE 103 AMES IA 50010 990 2022-10-01 421278326 IOWA SPORTS FOUNDATION IOWA 5152923251 1421 S BELL AVE STE 104 AMES IA 50010 MATT BEATTY CHIEF OPERATING OFFICER 5152923251 2024-08-15 1 0 MURRAY A STANLEY CPA P00031028 5152336300 2022 2024-08-08 14:25:15Z MATT BEATTY 1421 S BELL AVE STE 104 AMES IA 50010 1648618 0 X WWW.IOWASPORTSFOUNDATION.ORG X 1986 IA TO PROVIDE SPORTS, RECREATION, HEALTH AND WELLNESS OPPORTUNITIES FOR IOWANS OF ALL ABILITIES 31 31 14 3475 0 0 791625 750388 912948 655301 91883 17492 157263 225437 1953719 1648618 3000 2000 0 0 699866 748420 0 0 23432 1214599 881922 1917465 1632342 36254 16276 1243480 1281799 90669 72540 1152811 1209259 THE IOWA SPORTS FOUNDATION (ISF) MISSION IS TO PROVIDE SPORTS, RECREATION, HEALTH AND WELLNESS OPPORTUNITIES FOR IOWANS OF ALL ABILITIES. 0 0 1443752 2000 878768 THE ISF IS COMPRISED OF THE IOWA GAMES, LIVE HEALTHY IOWA, ADAPTIVE SPORTS IOWA AND THE IOWA SENIOR GAMES. TO PROMOTE AMATEUR SPORTS WITHIN THE STATE OF IOWA; HOST OLYMPIC-STYLE FESTIVALS AND COMPETITIONS; CREATE AWARENESS, EMPHASIZE AND EDUCATE IOWANS CONCERNING THE NUMEROUS BENEFITS OF GOOD HEALTH, PHYSICAL FITNESS, SPORTSMANSHIP AND COMPETITION. 1443752 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 35 0 1 14 1 0 0 0 0 0 0 0 0 0 0 0 0 X 31 31 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 IA X MATT BEATTY 5152923251 1421 S BELL AVE STE 104 AMES IA 50010 BLAKE BOLDON DIRECTOR 0.50 X 0 0 0 TOM KEATING DIRECTOR 0.50 X 0 0 0 CHRIS VERLENGIA VICE PRESIDENT 0.50 X 0 0 0 LYNN WALZ TREASURER 0.50 X 0 0 0 JESS VILSACK PAST CHAIR 0.50 X 0 0 0 BARB BAKER DIRECTOR 0.50 X 0 0 0 GARY BARTA DIRECTOR 0.50 X 0 0 0 MAC O'BRIEN SECRETARY 0.50 X 0 0 0 JULIE MIDDLESWART CHAIR 0.50 X 0 0 0 ROB BRADLEY DIRECTOR 0.50 X 0 0 0 MICHAEL BOUSSELOT PRESIDENT 0.50 X 0 0 0 TONY DICKINSON DIRECTOR 0.50 X 0 0 0 PATRICK TOMKA DIRECTOR 0.50 X 0 0 0 TIM GRABINSKI DIRECTOR 0.50 X 0 0 0 DAVE HARRIS DIRECTOR 0.50 X 0 0 0 NORMAN GRANGER DIRECTOR 0.50 X 0 0 0 BRIAN HARDIN DIRECTOR 0.50 X 0 0 0 LYDIA ZERBY DIRECTOR 0.50 X 0 0 0 VICKY FORESMAN DIRECTOR 0.50 X 0 0 0 JAMIE POLLARD DIRECTOR 0.50 X 0 0 0 STEVE PURCELL DIRECTOR 0.50 X 0 0 0 STEVEN JORDISON DIRECTOR 0.50 X 0 0 0 JOHN HARTUNG DIRECTOR 0.50 X 0 0 0 JENNY WOOD DIRECTOR 0.50 X 0 0 0 BRAD WALLER DIRECTOR 0.50 X 0 0 0 JACKIE KLEPPE DIRECTOR 0.50 X 0 0 0 DAVE LUBBERS DIRECTOR 0.50 X 0 0 0 KEVIN BOURKE DIRECTOR 0.50 X 0 0 0 TAYLOR ANDERSON DIRECTOR 0.50 X 0 0 0 CHARLES LONG CEO/EXECUTIVE DIRECTOR 40.00 X 112501 0 0 MATT BEATTY CHIEF OPERATING OFFICER 40.00 X 65667 0 0 178168 0 0 1 0 0 0 0 89300 661088 750388 ENTRY FEES 711300 655301 655301 655301 11902 11902 1970 1970 5590 0 5590 5590 5590 136018 0 136018 136018 OTHER INCOME 711300 87449 87449 87449 1648618 878768 0 19462 2000 2000 178167 155006 17816 5345 484080 421149 48409 14522 47653 41458 4765 1430 38520 33512 3852 1156 24405 24405 160104 158624 1480 32637 28394 3264 979 49758 44565 5193 15793 15793 29924 26703 3221 OPERATIONS AND COMPETIT 217469 198005 19464 RENTAL 202492 191194 11298 SUPPLIES 64879 57548 7331 DATA PROCESSING 37392 27554 9838 47069 42247 4822 1632342 1443752 165158 23432 353574 236738 159044 285865 104040 11994 7305 7564 351600 269688 10603 81912 286750 299564 322164 358162 1243480 1281799 43869 21540 46800 51000 90669 72540 X 1121947 1177643 30864 31616 1152811 1209259 1243480 1281799 16276 40172 0 X 0 1 X 0 0 X 728746 580859 920501 791625 750388 3772119 728746 580859 920501 791625 750388 3772119 1024938 2747181 16185 159070 7715 17796 11902 212668 144813 44187 1900 3757 87449 282106 4266893 2655162 0.64380 0.78160 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 79861 7518 87379 101304 -21443 79861 100000 1304 101304 1.00000 0 0 351600 269688 81912 81912 BENEFICIAL INTEREST IN ASSETS HELD BY A COMMUNITY FOUNDATION 358162 358162 X 2046860 40172 358070 398242 1648618 0 1648618 1990412 358070 358070 1632342 0 1632342 PART X, LINE 2: THE FOUNDATION IS A NONPROFIT CORPORATION AND EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THEREFORE, NO PROVISIONS FOR TAXES HAS BEEN MADE. THE FOUNDATION HAS NOT BEEN DETERMINED TO BE A PRIVATE FOUNDATION BY THE IRS. THE FOUNDATION FILES INFORMATION RETURNS IN THE U.S.FEDERAL JURISDICTION. THE FOUNDATION FOLLOWS THE ACCOUNTING STANDARD FOR EVALUATING UNCERTAIN TAX POSITIONS AND HAS DETERMINED THAT IT WAS NOT REQUIRED TO RECORD A LIABILITY FOR UNCERTAIN TAX POSITIONS. 136070 0 136070 136070 IA 1 0 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL BE COMPOSED OF THE EXECUTIVE OFFICERS OF THE CORPORATION THEN IN OFFICE. THE EXECUTIVE OFFICERS ARE THE CHAIRMAN, VICE PRESIDENT, SECRETARY, AND TREASURER. TEH EXECUTIVE COMMITTEE MAY EXERCISE ALL POWERS OF THE BOARD OF DIRECTORS WHEN THE BOARD OF DIRECTORS IS NOT IN SESSION. WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, THE EXECUTIVE COMMITTEE SHALL HAVE HTE AUTHORITY TO: (I) ELECT, REMOVE AND FILL THE VACANCIES OF ALL NON-EXECUTIVE OFFICERS; AND (II) ESTALISH THE COMPENSATION TO BE PAID TO ALL NON-EXECUTIVE OFFICERS AND ALL OTHER EMPLOYEES OF THE CORPORATION. NOTWITHSTANDING THE FOREGOING, THE EXECUTIVE COMMITTEE SHALL NOT HAVE THE AUTHORITY TO: (I) AUTHORIZE DISTRIBUTIONS; (II) APPROVE OR RECOMMEND TO MEMBERS OF THE CORPORATION, IF ANY, THE DISSOLUTION, MERGER OR THE SALE, PLEDGE OR TRANSFER OF ALL OR SUBSTANTIALLY ALL OF THE CORPORATION'S ASSETS; (III) ELECT, APPOINT OR REMOVE DIRECTORS OR FILL VACANCIES ON THE BOARD OF DIRECTORS OR ANY OF ITS COMMITTEES; OR (IV) ADOPT, AMEND OR REPEAL THE CORPORATION'S ARTICLES OF INCORPORATION OR THESE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THEN, A DRAFT IS PROVIDED TO THE BOARD OF DIRECTORS AND MANAGEMENT FOR REVIEW PRIOR TO IT BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION C, LINE 19 AT THIS TIME, THE ORGANIZATION DOES NOT HAVE A CONFLICT OF INTEREST POLICY AND DOES NOT MAKE ITS GOVERNING DOCUMENTS OR FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC.