Iowa First Fund
Iowa First Fund was organized for the purpose of educating and informing Iowa voters about limited government and expanding economic opportunity.
Iowa First Fund at a glance
- Total assets
- $1,292,575
- +30.1% vs 2024
- Revenue (2025)
- $477,450
- -25.3% vs 2024
- Expenses (2025)
- $178,435
- -66.8% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Iowa First Fund funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was in the $100–250K range: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2024, annual grant giving ranged from $11K (2022) to $100K (2024). In 2024 it made 1 grant totaling $100K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Professionals for Charity Clive, IA | General purposes | $100,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants |
|---|---|---|---|---|---|
| 2025 | $1,292,575 | $477,450 | $178,435 | — | — |
| 2024 | $993,560 | $639,100 | $537,375 | $100,000 | 1 |
| 2023 | $891,835 | $364,750 | $121,480 | — | — |
| 2022 | $648,565 | $722,050 | $336,400 | $11,000 | Total only |
| 2021 | $262,916 | $231,175 | $53,740 | — | — |
| 2019 | $181,302 | $187,000 | $5,698 | — | — |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Iowa First Fund
Based on IRS filings
Iowa First Fund is a public charity, based in West Des Moines, IA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.3M in total assets.
Leadership & Key People
Officers and directors from IRS filings
Iowa First Fund is led by W. Charles Smithson, President & Treasurer on every filing since 2021; 1 of 2 officers listed in 2025 is compensated.
Officers on the 2025 filing
W. Charles Smithson
President & Treasurer
On filings since 2021
2 hrs/week
$5K (2021) → $15K (2025)
Benjamin Klimesh
Secretary
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (2)
- Former: Geoff Jensen (2019–2024) — Secretary
- Former: William R. Gustoff (2019) — President & Treasurer
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $15K, to W Charles Smithson (President and Treasurer).
Frequently asked questions about Iowa First Fund
How large is Iowa First Fund?
Iowa First Fund reported $1.3M in total assets on its 2025 IRS Form 990. Its revenue that year was $477K.
Where does Iowa First Fund operate?
Iowa First Fund has awarded grants in Iowa.
What is Iowa First Fund's EIN?
Iowa First Fund's EIN (Employer Identification Number) is 84-2210613. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2024 (received by the IRS October 16, 2025)
- Added Form 990-EZ for fiscal year 2019 (received by the IRS May 19, 2020)
- Updated Form 990 for fiscal year 2022 (received by the IRS October 13, 2023)
- Added Form 990 for fiscal year 2025 (received by the IRS July 27, 2026)
- IRS filings on file for fiscal years 2021–2024
Explore Open Grants
Browse active grant opportunities in Iowa First Fund's focus areas in our free grants database
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Figures come from Iowa First Fund's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Iowa First Fund down — hundreds of funders to go?