Iota Benefit Association
Iota Benefit Association is a private foundation based in Omaha, Nebraska. Its stated activities include funding medical seminars and programs, supporting the University of Nebraska Medical Center Fund Heritage, and providing individual scholarships to University of Nebraska students.
Key facts about Iota Benefit Association
In short: Iota Benefit Association gave $23K across 18 grants in 2026 (avg $1K), mostly in Nebraska. Source: 2026 IRS Form 990-PF.
- EIN
- 47-6033634
- Latest 990 filing
- Form 990-PF, 2026
- Annual giving (2026)
- $22,700
- Grants made (2026)
- 18
- Average grant
- $1,261
- Median grant
- $300
- Total assets
- $350,240
- Primary geography
- Nebraska (100% of itemized 2026 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓
Data from IRS Form 990-PF, 2026; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2026 IRS Form 990-PF · View filing
Total Assets
$350K
+0.4% YoY
Annual Giving
$23K
+5.6% YoY
Grant Count
18
+38.5% YoY
Avg Grant Size
$1K
-23.7% YoY
Under IRS private-foundation payout rules, Iota Benefit Association reported a distributable amount of $21K for 2026 — the minimum it must pay out in qualifying distributions.
How Iota Benefit Association gives
- Giving grew 65% from 2023 to 2026. Method
- In 2026 it paid out 107% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Mission & Focus Areas
No mission statement is provided. The foundation’s stated activities and 2026 grants show support for medical education, education and research, and scholarships for education. In 2026, it gave $10,000 to the University of Nebraska Foundation, whose mission is to “grow relationships and resources that enable the University of Nebraska to change lives and save lives.”
Grantmaking
In 2026, the foundation reported 18 grants totaling $22,700. Grant amounts ranged from $300 to $10,000, with a median of $300. Notable grants included $10,000 to the University of Nebraska Foundation for education, $5,000 to Iota Benefit - Phi Rho Sigma for medical education seminars, and $3,000 to the Munroe Meyer Foundation for education and research. The filing also lists individual scholarships of $300 each, including awards to Emily Baxter, Bridgett Baxter, Marie Atteberry, Marie Bernhard, Emily Ehsan, Anna Haggart, Madeline Helm, and Lauren Klingmann; Jay Byrd received a $500 scholarship.
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Geographic Focus
Where this funder awards grants
All 2026 grant dollars went to recipients in Nebraska.
Grant Distribution by State
Share of 2026 grant dollars across all 18 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2026, annual grant giving ranged from $14K (2023) to $23K (2026). In 2026 it made 18 grants totaling $23K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2026
The largest 2026 recipient was University of Nebraska Foundation ($10K). Together the top 3 received $18K.
Organizations only. It also paid 15 individual scholarships ($4,700), which are not listed by name.
Grant Size Distribution
50 grants across all recorded years
The most common grant size was under $50K: 50 grants of 50 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Nebraska Foundation Lincoln, NE | Education | $10,000 |
| Iota Benefit - Phi Rho Sigma Omaha, NE | Medical Education Seminars | $5,000 |
| Munroe Meyer Foundation Omaha, NE | Education and Research | $3,000 |
| 15 individual scholarships Recipients not named | — | $4,700 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2026 | $350,240 | $41,242 | $26,765 | $22,700 |
| 2025 | $348,941 | $32,719 | $23,110 | $21,500 |
| 2024 | $335,832 | $20,653 | $20,121 | $16,500 |
| Metric | 2026 | 2025 | 2024 |
|---|---|---|---|
| Total Assets | $350,240 | $348,941 | $335,832 |
| Revenue | $41,242 | $32,719 | $20,653 |
| Expenses | $26,765 | $23,110 | $20,121 |
| Qualifying Distributions | $22,700 | $19,500 | $16,500 |
| Net Investment Income | $37,177 | $29,329 | $17,343 |
| Distributable Amount | $21,261 | $19,365 | $17,755 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2026 (received by the IRS August 18, 2026)
- IRS filings on file for fiscal years 2021–2025
Leadership & Key People
Leadership team and compensation from IRS filings
The 2026 filing lists Dr Amy Neumesiter, Dr Brett Kettelhut, Dr Mary Kay Drake, Dr Richard Forsman, Dr Mark Wilson, Brian Zahm, Dr Dennis Strauss, and Dr Phyliss Byrd as board members. Dr Carol A Drake is listed as director.
Iota Benefit Association's 2026 filing lists 9 officers; none of the 9 officers listed in 2026 report compensation.
Officers on the 2026 filing
Carol A. Drake
Director
On filings since 2021
No compensation reported
Brett Kettelhut
Board Member
On filings since 2021
No compensation reported
Dennis Strauss
Board Member
On filings since 2021
No compensation reported
Mark Wilson
Board Member
On filings since 2021
No compensation reported
Mary Kay Drake
Board Member
On filings since 2021
No compensation reported
Phyliss Byrd
Board Member
On filings since 2021
No compensation reported
Richard Forsman
Board Member
On filings since 2021
No compensation reported
Amy Neumesiter
Board Member
On filings since 2023
No compensation reported
Brian Zahm
Board Member
On filings since 2024
No compensation reported
Former officers (5)
- Former: Virginia Ripley (2021–2023) — Board Member
- Former: Amy Neumeister (2021–2022) — Board Member
- Former: Louis Burgher (2021–2022) — Board Member
- Former: Bill Stratbucker (2021) — Board Member
- Former: William Palmer (2021) — Board Member
Data from IRS Form 990 filings, 2021–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Mailing address: 8111 Dodge St, Omaha, NE 68114
Phone: (402) 681-4653
Frequently asked questions about Iota Benefit Association
How much does Iota Benefit Association give each year?
Iota Benefit Association gave $23K across 18 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $22K across 13 grants.
What is Iota Benefit Association's typical grant size?
Iota Benefit Association's median grant in 2026 was $300, and its average grant was $1,261, across 18 grants on its 2026 IRS Form 990-PF.
Where does Iota Benefit Association give grants?
Iota Benefit Association gives mostly in Nebraska: 100% of the grant dollars itemized on its 2026 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Omaha, NE (2 grants).
Does Iota Benefit Association give general operating support?
Not in 2026: none of the 18 grants with a stated purpose on Iota Benefit Association's 2026 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship for Education" (15 grants).
Who are Iota Benefit Association's largest grantees?
Iota Benefit Association's largest 2026 grantees include University of Nebraska Foundation ($10,000), Iota Benefit - Phi Rho Sigma ($5,000) and Munroe Meyer Foundation ($3,000), according to its 2026 IRS Form 990-PF. It also paid 15 individual scholarships ($4,700), which are not listed by name. Together they received 79% of its itemized 2026 grant dollars.
How large is Iota Benefit Association?
Iota Benefit Association reported $350K in total assets on its 2026 IRS Form 990-PF. It paid out $23K in qualifying distributions that year, against a required minimum of $21K (roughly 5% of its investment assets).
What does Iota Benefit Association fund?
No mission statement is provided. The foundation’s stated activities and 2026 grants show support for medical education, education and research, and scholarships for education. See mission & focus areas ↑
How do I apply for a grant from Iota Benefit Association?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Iota Benefit Association's EIN?
Iota Benefit Association's EIN (Employer Identification Number) is 47-6033634. IRS Form 990 filing data is available on this page for 2021–2026.
Does Iota Benefit Association accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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