Iowa Area Development Group Community Foundation logo

Iowa Area Development Group Community Foundation

Public charity · Grantmaker Des Moines, IA EIN: 83-0361044 Website

The mission of the Iowa Area Development Group Community Foundation is to foster economic development and community betterment by providing public policy research and promotion; education and training; and community based and guided philanthropy.

Key facts about Iowa Area Development Group Community Foundation

In short: Iowa Area Development Group Community Foundation gave $55K across 3 grants in 2024 (avg $18K), mostly in Iowa. Source: 2024 IRS Form 990.

EIN
83-0361044
Latest 990 filing
Form 990, 2024
Annual giving (2024)
$55,000
Grants made (2024)
3
Average grant
$18,333
Median grant
$10,000
Total assets
$3,310,882
Primary geography
Iowa (100% of itemized 2024 grant dollars)

Data from IRS Form 990, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990 · View filing

Total Assets

$3.3M

+9.3% YoY

Annual Giving

$55K

+0.0% YoY

Grant Count

3

+0.0% YoY

Avg Grant Size

$18K

+0.0% YoY

How Iowa Area Development Group Community Foundation gives

  • Giving held roughly steady from 2021 to 2024 (+0%). Method

From the foundation's IRS Form 990 filings. Methodology.

About Iowa Area Development Group Community Foundation

Based on IRS filings

Iowa Area Development Group Community Foundation is a public charity, based in Des Moines, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.3M in total assets. In 2024, it awarded 3 grants totaling $55K. Net investment income was $174K.

Open Grants

1 open opportunity from Iowa Area Development Group Community Foundation

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2024 grant dollars across all 3 itemized grants.

States

Cities

Des MoinesSigourneyWest Des MoinesAmesPostville

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K2 grants2020 3 grants2021 2 grants2022 3 grants2023 3 grants2024

From 2020 to 2024, annual grant giving ranged from $40K (2020) to $55K (2024). In 2024 it made 3 grants totaling $55K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Community Foundation of Greater Des Moines: $35KCommunity Foundation ofGreater Des Moines$35KHancock County Foundation (Co Comm Fdn GTR Des Moines): $10KHancock County Foundation (CoComm Fdn GTR Des Moines)$10KKeokuk County Community Endowment Foundation: $10KKeokuk County CommunityEndowment Foundation$10K

The largest 2024 recipient was Community Foundation of Greater Des Moines ($35K). Together the top 3 received $55K.

Grant Size Distribution

13 grants across all recorded years

13<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 13 grants of 13 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Community Foundation of Greater Des Moines Des Moines, IAAssistance with Staffing Support for Iowa Can Affiliates$35,000
Hancock County Foundation (Co Comm Fdn GTR Des Moines) Des Moines, IARural Affiliate Capacity Building Program$10,000
Keokuk County Community Endowment Foundation Sigourney, IARural Affiliate Capacity Building Program$10,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$200K$400K$600K2020 2021 2022 2023 2024
Metric202420232022
Total Assets$3,310,882$3,027,941$2,528,381
Revenue$398,999$293,982$283,671
Expenses$258,184$78,444$56,454
Net Investment Income$173,513$93,206$78,910

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Iowa Area Development Group Community Foundation is led by Bruce Nuzum, CEO since 2024 (on filings since 2020); none of the 7 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Bruce Nuzum

    CEO

    Treasurer → CEO, Secretary & Treasurer, 2022

    CEO, Secretary & Treasurer → CEO, 2024

    On filings since 2020

    20 hrs/week

    No compensation reported

  • Douglas H. Aeilts

    President

    On filings since 2020

    No compensation reported

  • David Onken

    Director

    On filings since 2020

    No compensation reported

  • Ron Steinhoff

    Director

    On filings since 2022

    No compensation reported

  • Norm Major

    Director

    New on the 2024 filing

    No compensation reported

  • Matt Washburn

    Secretary & Treasurer

    Director → Secretary & Treasurer, 2024

    On filings since 2020

    No compensation reported

  • Jacob Olberding

    Vice President

    New on the 2024 filing

    No compensation reported

Former officers (6)
  • Former: Bill Cherrier (2020–2023) — Director
  • Former: Ken Kuyper (2020–2023) — Vice President
  • Former: Marvin Newton (2020–2023) — Director
  • Former: Paul Heineman (2020–2023) — Director
  • Former: Rand Fisher (2020–2022) — Former CEO
  • Former: Bill Farmer (2020–2021) — Director

Data from IRS Form 990 filings, 2020–2024. "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 Iowa Area Development Group Community Foundation

How much does Iowa Area Development Group Community Foundation give each year?

Iowa Area Development Group Community Foundation gave $55K across 3 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $55K across 3 grants.

What is Iowa Area Development Group Community Foundation's typical grant size?

Iowa Area Development Group Community Foundation's median grant in 2024 was $10,000, and its average grant was $18,333, across 3 grants on its 2024 IRS Form 990.

Where does Iowa Area Development Group Community Foundation give grants?

Iowa Area Development Group Community Foundation gives mostly in Iowa: 100% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The most frequent recipient cities were Des Moines, IA (2 grants).

Does Iowa Area Development Group Community Foundation give general operating support?

Not in 2024: none of the 3 grants with a stated purpose on Iowa Area Development Group Community Foundation's 2024 IRS Form 990 were described as general or operating support.

How large is Iowa Area Development Group Community Foundation?

Iowa Area Development Group Community Foundation reported $3.3M in total assets on its 2024 IRS Form 990. Its revenue that year was $399K.

What is Iowa Area Development Group Community Foundation's EIN?

Iowa Area Development Group Community Foundation's EIN (Employer Identification Number) is 83-0361044. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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