The Iowa Wave Shirt
The Iowa Wave Shirt conducts fundraising activities, primarily from the sale of t-shirts and other apparel, to support the university of Iowa stead family children's hospital.
The Iowa Wave Shirt at a glance
In short: The Iowa Wave Shirt gave $100K across 1 grant in 2025 (avg $100K), mostly in Iowa. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $100,000
- -73.3% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $100,000
- -73.3% vs 2024
- Median grant
- $100,000
- Total assets
- $297,208
- +5.7% vs 2024
- Primary geography
- Iowa (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who The Iowa Wave Shirt funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was University of Iowa Stead Family Children's Hospital ($100K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $250–500K range: 3 grants of 5 (60%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How The Iowa Wave Shirt gives
- Giving fell 71% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $75K (2021) to $500K (2019). In 2025 it made 1 grant totaling $100K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Iowa Stead Family Children's Hospital Iowa City, IA | General Support | $100,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $297,208 | $207,995 | $191,847 | $100,000 | 1 | $711 |
| 2024 | $281,060 | $217,971 | $460,752 | $375,000 | 1 | $602 |
| 2023 | $523,841 | $575,326 | $383,125 | $300,000 | 1 | $460 |
| 2022 | $331,640 | $319,463 | $432,999 | $350,000 | 1 | $320 |
| 2021 | $445,176 | $430,675 | $115,952 | $75,000 | 1 | $80 |
| 2020 | $136,253 | $95,351 | $330,406 | $300,000 | 1 | $266 |
| 2019 | $365,508 | $378,840 | $579,068 | $500,000 | 1 | $387 |
About The Iowa Wave Shirt
Based on IRS filings
The Iowa Wave Shirt is a public charity focused on Health, based in Urbandale, IA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $297K in total assets. In 2025, it awarded 1 grant totaling $100K. Net investment income was $711.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
The Iowa Wave Shirt is led by Lori Willis, President on every filing since 2019; none of the 6 officers listed in 2025 report compensation.
Officers on the 2025 filing
Lori Willis
President
On filings since 2019
2 hrs/week
No compensation reported
Jason Willis
Director
On filings since 2019
0.3 hrs/week
No compensation reported
John Mickelson
Director
On filings since 2019
0.3 hrs/week
No compensation reported
Cy Phillips
Director
On filings since 2021
0.3 hrs/week
No compensation reported
Brooke Mickelson
Secretary
On filings since 2019
0.3 hrs/week
No compensation reported
Meighan Phillips
Treasurer
On filings since 2019
1 hr/week
No compensation reported
Former officers (1)
- Former: Lance Phillips (2019–2020) — Director
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.
Frequently asked questions about The Iowa Wave Shirt
How much does The Iowa Wave Shirt give each year?
The Iowa Wave Shirt gave $100K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $375K across 1 grant.
How large is The Iowa Wave Shirt?
The Iowa Wave Shirt reported $297K in total assets on its 2025 IRS Form 990. Its revenue that year was $208K.
What is The Iowa Wave Shirt?
The Iowa Wave Shirt is a public charity focused on Health, based in Urbandale, IA. It holds $297K in total assets as of 2025.
Where does The Iowa Wave Shirt operate?
The Iowa Wave Shirt has awarded grants in Iowa.
What is The Iowa Wave Shirt's EIN?
The Iowa Wave Shirt's EIN (Employer Identification Number) is 83-0840231. 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
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS June 15, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS August 1, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 30, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 5, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS April 22, 2025)
- Added Form 990 for fiscal year 2019 (received by the IRS May 8, 2020)
- Added Form 990 for fiscal year 2025 (received by the IRS June 17, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The Iowa Wave Shirt funds
Health Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in The Iowa Wave Shirt's focus areas in our free grants database
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