Iota Benefit Association
Iota Benefit Association is a private foundation, based in OMAHA, NE. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $349K in total assets. In 2025, it awarded 13 grants totaling $22K. Net investment income was $29K.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$349K
+3.9% YoY
Annual Giving
$22K
+30.3% YoY
Grant Count
13
+85.7% YoY
Avg Grant Size
$2K
-29.8% YoY
Under IRS private-foundation payout rules, Iota Benefit Association reported a distributable amount of $19K for 2025 — the minimum it must pay out in qualifying distributions.
About Iota Benefit Association
Based on IRS filings
Iota Benefit Association is a private foundation, based in OMAHA, NE. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $349K in total assets. In 2025, it awarded 13 grants totaling $22K. Net investment income was $29K.
Ready to take the next step with Iota Benefit Association?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $348,941 | $335,832 | $335,300 |
| Revenue | $32,719 | $20,653 | $23,678 |
| Expenses | $23,110 | $20,121 | $17,403 |
| Qualifying Distributions | $19,500 | $16,500 | $13,750 |
| Net Investment Income | $29,329 | $17,343 | $11,612 |
| Distributable Amount | $19,365 | $17,755 | $16,315 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
43 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Iota Benefit - Phi Rho Sigma ($8,000), University of Nebraska Foundation ($5,000), Munroe Meyer Foundation ($3,500).
| Recipient | Purpose | Amount |
|---|---|---|
| IOTA BENEFIT - PHI RHO SIGMA OMAHA, NE | MEDICAL EDUCATION SEMINARS | $8,000 |
| UNIVERSITY OF NEBRASKA FOUNDATION LINCOLN, NE | EDUCATION | $5,000 |
| JAY BYRD OMAHA, NE | SCHOLARSHIP FOR EDUCATION | $500 |
| TREVOR DAUBERT OMAHA, NE | SCHOLARSHIP FOR EDUCATION | $500 |
| SOPHIE GART OMAHA, NE | SCHOLARSHIP FOR EDUCATION | $500 |
| MADISON HAN OMAHA, NE | SCHOLARSHIP FOR EDUCATION | $500 |
| JOSEPH KLEINSMITH OMAHA, NE | SCHOLARSHIP FOR EDUCATION | $500 |
| JACOB WEENS OMAHA, NE | SCHOLARSHIP FOR EDUCATION | $500 |
| MAX REGISTER OMAHA, NE | SCHOLARSHIP FOR EDUCATION | $500 |
| KAITLYN THOMPSON Omaha, NE | SCHOLARSHIP FOR EDUCATION | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DR AMY NEUMESITER | BOARD MEMBER | — | — |
| DR BRETT KETTELHUT | BOARD MEMBER | — | — |
| DR CAROL A DRAKE | DIRECTOR | — | — |
| DR MARY KAY DRAKE | BOARD MEMBER | — | — |
| DR RICHARD FORSMAN | BOARD MEMBER | — | — |
| DR MARK WILSON | BOARD MEMBER | — | — |
| BRIAN ZAHM | BOARD MEMBER | — | — |
| DR DENNIS STRAUSS | BOARD MEMBER | — | — |
| DR PHYLISS BYRD | BOARD MEMBER | — | — |
Frequently Asked Questions
How large is Iota Benefit Association?
As of 2025, Iota Benefit Association holds $349K in total assets with $33K in annual revenue. It awarded 13 grants totaling $22K in 2025.
Where does Iota Benefit Association operate?
Iota Benefit Association has awarded grants in Nebraska.
What size grants does Iota Benefit Association award?
In 2025, Iota Benefit Association awarded 13 grants totaling $22K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Iota Benefit Association required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Iota Benefit Association reported a distributable amount of $19K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2021–2025.
Explore Open Grants
Browse active grant opportunities in Iota Benefit Association's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
The Dlr Group Foundation
OMAHA, NE
Assets
$3K
Grants
11
Total Given
$171K
The LeBaron Foundation
LINCOLN, NE
Assets
$237K
Grants
8
Total Given
$40K
Jim and Elaine Wolf Foundation
ALBION, NE
Assets
—
Grants
22
Total Given
$172K
Jewish Federation of Omaha Inc
OMAHA, NE
Assets
$64.7M
Grants
6
Total Given
$2.3M
Aerojet Rocketdyne Foundation
MELBOURNE, FL
Assets
$11.7M
Grants
13
Total Given
$219K
The Clifton Foundation
LINCOLN, NE
Assets
—
Grants
2
Total Given
$575K
Trust Uw Halton D Bly Tr B
NORWICH, NY
Assets
$448K
Grants
1
Total Given
$217K
North Platte Nebraska Hospital Corp
NORTH PLATTE, NE
Assets
$579.5M
Grants
4
Total Given
$1.3M
Lute Family Foundation Inc
OGALLALA, NE
Assets
—
Grants
6
Total Given
$17K
Doug Riley Family Foundation
SCOTTSDALE, AZ
Assets
—
Grants
14
Total Given
$97K
John & Hilda Arnold Foundation Inc
LOS ANGELES, CA
Assets
$6.8M
Grants
57
Total Given
$458K
Lori & David Scott Foundation
OMAHA, NE
Assets
$39.0M
Grants
11
Total Given
$462K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Iota Benefit Association on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Iota Benefit Association to a real strategy.