IOWA CREDIT UNION FOUNDATION Charity Report

Public IRS 990 nonprofit record

IOWA CREDIT UNION FOUNDATION

EIN 42-1438113 · Unknown (Z99)

What they do

FOUNDED IN 1995 AS THE PHILANTHROPIC ARM of THE IOWA CREDIT UNION LEAGUE and GUIDED BY THE CREDIT UNION PHILOSOPHY of "PEOPLE HELPING PEOPLE", THE IOWA CREDIT UNION FOUNDATION (THE FOUNDATION) WORKS to CHAMPION FINANCIAL WELL-BEING for ALL. THE FOUNDATIONS VISION is to BE A HUB for CREDIT UNION PHILANTHROPY.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $55.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders15 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

51.38%of revenue went to mission work55.9% of expenses · Program services

16.04%of revenue went to fundraising17.5% of expenses

$91.87spent for every $100 of revenueRevenue covered expenses this year.

24.45%of revenue went to management and office costs26.6% of expenses

$4.14in assets for every $1 spent this yearSome assets cannot be spent right away.

71.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $90,275 for JELENA BABIC BARNES (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$618,826

Mission workProgram services$317,97951.38% of revenue55.9% of expenses

ManagementOffice and general costs$151,32224.45% of revenue26.6% of expenses

FundraisingAsking for donations$99,23416.04% of revenue17.5% of expenses

Revenue left after expensesReported annual surplus$50,2918.13% of revenueShown in gray on the chart

Total expenses$568,53591.87% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 55.9% mission · 26.6% management · 17.5% fundraisingTotal expenses: 91.87% of revenue

2023Expense mix: 47.4% mission · 30.2% management · 22.4% fundraisingTotal expenses: 95.38% of revenue

2022Expense mix: 50.6% mission · 29.8% management · 19.5% fundraisingTotal expenses: 100.24% of revenue

2021Expense mix: 45.0% mission · 34.2% management · 20.8% fundraisingTotal expenses: 52.83% of revenue

2020Expense mix: 85.0% mission · 9.1% management · 5.9% fundraisingTotal expenses: 41.19% of revenue

2019Expense mix: 60.1% mission · 23.4% management · 16.5% fundraisingTotal expenses: 67.89% of revenue

Money in and money out

Revenue$618,826

Expenses$568,535

Annual surplus $50,291 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$317,979 · 55.9% of expenses

Management and office costs$151,322 · 26.6% of expenses

Fundraising$99,234 · 17.5% of expenses

See all reported dollar amounts

Revenue$618,826

Expenses$568,535

Assets$2,356,286

Income$924,906

Contributions$440,823

Mission work (program services)$317,979

Fundraising$99,234

Grants given$161,000

Average grant$12,385

Management and general$151,322

Accounting fees$60,677

Investing fees$1,941

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

JELENA BABIC BARNESEXECUTIVE DIRECTOR · 40 hrs/week $90,275Base $80,804 · Other $9,471

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (15)

JELENA BABIC BARNESEXECUTIVE DIRECTOR

ADAM CARROLLDIRECTOR

ALEJANDRO ALANIZDIRECTOR

DAVE CALEDIRECTOR

DONNA DYERDIRECTOR

JENNIFER NAEVEDIRECTOR

JIM ANDERSONDIRECTOR

JOHN PARKSDIRECTOR

JORDAN HENSLEYVICE CHAIR

JULIE WILLSESECRETARY

KIM FETTKETHERDIRECTOR

MARIAN HOLMESCHAIR

MARY BONTRAGERDIRECTOR

PAULA OROURKEDIRECTOR

REBECCA NEADESTREASURER

About this charity

Recognized since: January 1996
Location: 7745 OFFICE PLAZA DR NORTH 170, WEST DES MOINES, IA 50266
County: Polk
In care of: JELENA BABIC BARNES
Primary officer: JELENA BABIC BARNES, EXECUTIVE DIRECTOR

How to reach them

WebsiteVisit the charity’s website Emailinfo@iowacreditunionfoundation.org Phone(515) 221-3002

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: RSM US LLP
NTEE classification: Unknown (Z99)
IRS tax category: Unknown
Grant-giving organization: Yes