Iota Benefit Association
Iota Benefit Association is a private foundation, based in Omaha, NE. IRS filing data is available from 2021 through 2026. As of 2026, the organization holds $350K in total assets. In 2026, it awarded 18 grants totaling $23K. Net investment income was $37K.
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)
Data from IRS Form 990-PF, 2026; updated September 2026.
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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 18 itemized 2026 grant dollars.
States
Cities
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 2026
Grant Size Distribution
50 grants across all recorded years
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 |
| JAY BYRD Omaha, NE | SCHOLARSHIP FOR EDUCATION | $500 |
| EMILY BAXTER Omaha, NE | SCHOLARSHIP FOR EDUCATION | $300 |
| BRIDGETT BAXTER Omaha, NE | SCHOLARSHIP FOR EDUCATION | $300 |
| MARIE ATTEBERRY Omaha, NE | SCHOLARSHIP FOR EDUCATION | $300 |
| MARIE BERNHARD Omaha, NE | SCHOLARSHIP FOR EDUCATION | $300 |
| EMILY EHSAN Omaha, NE | SCHOLARSHIP FOR EDUCATION | $300 |
| ANNA HAGGART Omaha, NE | SCHOLARSHIP FOR EDUCATION | $300 |
Financial History
Multi-year comparison from IRS filings
| 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
Officers and directors from IRS filings
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.
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 (17 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. 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 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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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