Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2012
Open to Public Inspection
For calendar year 2012, or tax year beginning 01-01-2012 , and ending 12-31-2012
Name of foundation
IOWA FOUNDATION FOR AGRICULTURAL
ADVANCEMENT

Number and street (or P.O. box number if mail is not delivered to street address)131 240TH ST C/O TACI LILIENTHAL   Room/suite
City or town, state, and ZIP code
DURANT, IA52747
A Employer identification number

42-1183067
B Telephone number (see instructions)

(563) 343-1144
C bullet
G Check all that apply:

D 1. bullet
2. bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$0J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 144,534
2 Check bullet
3 Interest on savings and temporary cash investments 3,098 3,098 3,098
4 Dividends and interest from securities......      
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)...  
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 268,727
b Less: Cost of goods sold.... 207,803
c Gross profit or (loss) (attach schedule)..... Click to see attachment 60,924 60,924
11 Other income (attach schedule)....... Click to see attachment 53,565    
12 Total. Add lines 1 through 11........ 262,121 3,098 64,022
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 20,453      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 2,000 2,000 2,000 2,000
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 324   324 324
22 Printing and publications.......... 3,847   3,847 3,847
23 Other expenses (attach schedule)....... Click to see list of attachments 78,488   107,387 107,387
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 105,112 2,000 113,558 113,558
25 Contributions, gifts, grants paid........ 144,000 144,000
26 Total expenses and disbursements. Add lines 24 and 25 249,112 2,000 113,558 257,558
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 13,009
b Net investment income (if negative, enter -0-) 1,098
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2012)
Form 990-PF (2012)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 29,584 36,449  
2 Savings and temporary cash investments.......... 249,266 254,789  
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........      
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 278,850 291,238 0
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 278,850 291,238
30 Total net assets or fund balances (see page 17 of the
instructions).................... 278,850 291,238
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 278,850 291,238
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 278,850
2 Enter amount from Part I, line 27a..................... 2 13,009
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 291,859
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 621
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 291,238
Form 990-PF (2012)
Form 990-PF (2012)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1a
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2011 196,567 249,115 0.78906
2010 162,957 228,410 0.71344
2009 159,281 186,822 0.85258
2008 152,861 159,987 0.95546
2007 143,302 160,173 0.89467
2 Total of line 1, column (d) ...................... 2 4.20521
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 0.84104
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 305,320
5 Multiply line 4 by line 3....................... 5 256,787
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 11
7 Add lines 5 and 6......................... 7 256,798
8 Enter qualifying distributions from Part XII, line 4.............. 8 257,558
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2012)
Form 990-PF (2012)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 11
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2............................ 3 11
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 11
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a  
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7  
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 11
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2013 estimated taxBullet   Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
No
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletIA
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012 (see instructions for Part XIV)?
    If “Yes,” complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletSCOTT WILEY Telephone no.bullet (563) 320-6764
    Located atbullet100 S 4TH AVE SUITE 1 - BOX 410ELDRIDGEIA ZIP+4bullet52748
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2012, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2012?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2012, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2012?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see instructions.) ..............
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If “Yes,” did it have excess business holdings in 2012 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2012.)....................
    3b
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2012?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
    No
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?........................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
    No
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    GARY VANAERNAM Director
    0.00     		0    
    2810 28TH STREET
    EXIRA,IA50076
    CAT WOOD Director
    0.00     		0    
    1013 DELAWARE CROSSING
    ANKENY,IA50021
    LINDA WELDON Director
    0.00     		20,453    
    1440 NW 134TH AVE
    SLATER,IA50244
    TAYLOR SWEENEY Director
    0.00     		0    
    625 NE 72ND ST
    PLEASANT HILL,IA50317
    HAROLD HODSON Director
    0.00     		0    
    3207 NE RENAISSANCE DR
    ANKENY,IA50021
    DUSTIN FORD Director
    0.00     		0    
    1930 GINKGO AVE
    WEST CHESTER,IA52359
    LINDSAY GREINER Director
    0.00     		0    
    2355 BIRCH AVE
    KEOTA,IA52248
    DICK DANIELSON Director
    0.00     		0    
    910 11TH AVE NORTH
    HUMBOLDT,IA50548
    ROB BOHNSACK Director
    0.00     		0    
    2063 VERMONT AVE
    WILTON,IA52778
    SCOTT WILEY Treasurer
    0.00     		0    
    PO BOX 183
    DONAHUE,IA52746
    SHELLEY WING Secretary
    0.00     		0    
    3849 52ND ST
    DES MOINES,IA50310
    STEPHEN WELDON Vice President
    0.00     		0    
    1440 NW 134TH AVE
    SLATER,IA50244
    JACK BAIR President
    0.00     		0    
    4462 NE 150TH AVE
    ELKHART,IA50073
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 SCHOLARSHIPS AND GRANTS (WHICH DO NOT HAVE SIGNIFICANT ONGOING INVOLVEMENT). 0
    2  
    3  
    4  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    0
    b
    Average of monthly cash balances.......................
    1b
    309,970
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    309,970
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    309,970
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) .............................
    4
    4,650
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    305,320
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    15,266
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    15,266
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    11
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    11
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    15,255
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    15,255
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    15,255
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    257,558
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    257,558
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    11
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    257,547
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2011     		(c)
    2011     		(d)
    2012
    1 Distributable amount for 2012 from Part XI, line 7 15,255
    2 Undistributed income, if any, as of the end of 2012:
    a Enter amount for 2011 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2012:
    a From 2007....... 135,293
    b From 2008....... 144,862
    c From 2009....... 149,940
    d From 2010....... 151,536
    e From 2011....... 184,111
    fTotal of lines 3a through e......... 765,742
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 257,558
    a Applied to 2011, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2012 distributable amount..... 15,255
    e Remaining amount distributed out of corpus 242,303
    5 Excess distributions carryover applied to 2012.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,008,045
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2011. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2012. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2013 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		 
    8Excess distributions carryover from 2007 not
    applied on line 5 or line 7 (see instructions) ...     		135,293
    9Excess distributions carryover to 2013.
    Subtract lines 7 and 8 from line 6a ......     		872,752
    10 Analysis of line 9:
    a Excess from 2008.... 144,862
    b Excess from 2009.... 149,940
    c Excess from 2010.... 151,536
    d Excess from 2011.... 184,111
    e Excess from 2012.... 242,303
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 9
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2012, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2012 (b) 2011 (c) 2010 (d) 2009
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail of the person to whom applications should be addressed:
    WINNER'S CIRCLE SCHOLARSHIP
    30805 595TH AVE
    CAMBRIDGE,IA50046
    (515) 383-4386
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATION FORM AVAILABLE FROM DR. HODSON OR ONLINE.
    cAny submission deadlines:
    JUNE 1
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    AWARDED TO RECIPIENTS WHO ARE PURSUING A COURSE OF STUDY RELATED TO THE ANIMAL INDUSTRY AT ANY TWO YEAR OR FOUR YEAR POST SECONDARY EDUCATIONAL INSTITUTION IN IOWA.
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    JONATHAN TRIGGS
    MT AYR
    MT AYR,IA50854     		NONE N/A AWARD 500
    LEXI MAREK
    RIVERSIDE
    RIVERSIDE,IA52327     		NONE N/A AWARD 1,000
    KENDRA KEHRLI
    WINTHROP
    WINTHROP,IA50682     		NONE N/A AWARD 1,500
    JAKE LILIENTHAL
    NEW LIBERTY
    NEW LIBERTY,IA52765     		NONE N/A AWARD 300
    MATHIAS PETERS
    BELLEVUE
    BELLEVUE,IA52031     		NONE N/A AWARD 250
    KALEN MARTZCHING
    MOULTON
    MOULTON,IA52572     		NONE N/A AWARD 500
    LEO KRUSE
    RUDEL
    RUDEL,IA50471     		NONE N/A AWARD 1,000
    CHANNING SNIDER
    RHODES
    RHODES,IA50234     		NONE N/A AWARD 250
    JAMES LEONARD
    NEWTON
    NEWTON,IA50208     		NONE N/A AWARD 500
    RILEY WATONVILLE
    HUXLEY
    HUXLEY,IA50124     		NONE N/A AWARD 1,000
    CHASE WHETSTONE
    GILBERT
    GILBERT,IA50105     		NONE N/A AWARD 250
    TYLER LEETE
    ELK HORN
    ELK HORN,IA51531     		NONE N/A AWARD 500
    HANNAH TAYLOR
    BOUTON
    BOUTON,IA50039     		NONE N/A AWARD 500
    BAILEY STEFFEN
    NEW LIBERTY
    NEW LIBERTY,IA52765     		NONE N/A AWARD 500
    DEREK WHITTLE
    LANSING
    LANSING,IA52151     		NONE N/A AWARD 500
    MARC JOHNSON
    ALLISON
    ALLISON,IA50602     		NONE N/A AWARD 500
    MARA ANDERSON
    GARNER
    GARNER,IA50438     		NONE N/A AWARD 500
    KATELYN KAHLER
    CAMBRIDGE
    CAMBRIDGE,IA50046     		NONE N/A AWARD 300
    CONOR CONRAD
    HILLSBORO
    HILLSBORO,IA52630     		NONE N/A AWARD 100
    BETH STEFFENSMEIER
    WEST POINT
    WEST POINT,IA52656     		NONE N/A AWARD 350
    KELLI STEFFENSMEIER
    WEST POINT
    WEST POINT,IA52656     		NONE N/A AWARD 600
    CONNOR HELLWEG
    DONNELLSON
    DONNELLSON,IA52625     		NONE N/A AWARD 1,200
    ELIZABETH BJELICA
    CHARLES CITY
    CHARLES CITY,IA50615     		NONE N/A AWARD 500
    JESSICA HORRAS
    OLLIE
    OLLIE,IA52576     		NONE N/A AWARD 1,000
    NATHAN BREDEMEYER
    BONAPARTE
    BONAPARTE,IA52620     		NONE N/A AWARD 550
    NICOLE LANSING
    OSSIAN
    OSSIAN,IA52161     		NONE N/A AWARD 1,000
    KYLEE SILLIMAN
    FREMONT
    FREMONT,IA52561     		NONE N/A AWARD 500
    JACKLYN KENINGER
    ACKLEY
    ACKLEY,IA50601     		NONE N/A AWARD 1,500
    MCKENNZ BRINNING
    KEOTA
    KEOTA,IA52248     		NONE N/A AWARD 500
    LOGAN SIEREN
    KEOTA
    KEOTA,IA52248     		NONE N/A AWARD 1,000
    NATHAN NEDVED
    BRITT
    BRITT,IA50423     		NONE N/A AWARD 250
    REBECCA STEFFENSMEIER
    WEST POINT
    WEST POINT,IA52656     		NONE N/A AWARD 500
    SKYLER LUZUM
    FORT ATKINSON
    FORT ATKINSON,IA52144     		NONE N/A AWARD 1,100
    JENNIFER ARKFELD
    PORTSMOUTH
    PORTSMOUTH,IA51565     		NONE N/A AWARD 400
    ABIGAIL TUETKEN
    ANAMOSA
    ANAMOSA,IA52205     		NONE N/A AWARD 600
    MITCHELL CHAPMAN
    TIPTON
    TIPTON,IA52772     		NONE N/A AWARD 400
    COLE MOELLER
    WEST POINT
    WEST POINT,IA52656     		NONE N/A AWARD 600
    STERLING GREINER
    WILLIAMSBURG
    WILLIAMSBURG,IA52361     		NONE N/A AWARD 500
    AARON CAIN
    CHARITON
    CHARITON,IA50049     		NONE N/A AWARD 1,000
    JAKE KEPPY
    DURANT
    DURANT,IA52747     		NONE N/A AWARD 500
    ALICIA LANE
    SPRAGUEVILLE
    SPRAGUEVILLE,IA52074     		NONE N/A AWARD 1,000
    MACEY GORESTKA
    CORYDON
    CORYDON,IA50056     		NONE N/A AWARD 500
    MADDIE UDELL
    SIOUX CITY
    SIOUX CITY,IA51108     		NONE N/A AWARD 1,000
    LUKE ELDER
    DUNLAP
    DUNLAP,IA50056     		NONE N/A AWARD 1,500
    PARKER FREY
    BOUTON
    BOUTON,IA50039     		NONE N/A AWARD 500
    KALE SPENGLER
    DURANT
    DURANT,IA52747     		NONE N/A AWARD 1,000
    JOSEPH SWEENEY
    ALDEN
    ALDEN,IA50006     		NONE N/A SCHOLARSHIP 500
    HANNAH KNAPP
    BLOOMFIELD
    BLOOMFIELD,IA52537     		NONE N/A SCHOLARSHIP 1,500
    JAKE KENT
    AUBURN
    AUBRUN,IA51433     		NONE N/A SCHOLARSHIP 1,000
    MARCIE STEVENSON
    WHEATLAND
    WHEATLAND,IA52777     		NONE N/A SCHOLARSHIP 1,000
    SANDRA DION
    COLUMBUS JUNCTION
    COLUMNUS JUNCTION,IA52738     		NONE N/A SCHOLARSHIP 500
    KELLI ZUCK
    DUNKERTON
    DUNKERTON,IA50626     		NONE N/A SCHOLARSHIP 1,000
    KATHERINE WILLIAMS
    ELDORA
    ELDORA,IA50627     		NONE N/A SCHOLARSHIP 1,000
    ERIC WEIRUP
    DELMAR
    DELMAR,IA52037     		NONE N/A SCHOLARSHIP 1,000
    BRYAN RAU
    AURORA
    AURORA,IA50607     		NONE N/A SCHOLARSHIP 1,000
    RACHEL BROWNLEE
    NEW VIRGINIA
    NEW VIRGINIA,IA50210     		NONE N/A SCHOLARSHIP 1,000
    BRIAN BOECK
    KEOKUK
    KEOKUK,IA52632     		NONE N/A SCHOLARSHIP 1,000
    CALEB BEER
    DEWITT
    DEWITT,IA52742     		NONE N/A SCHOLARSHIP 1,000
    MCKAILA VON RENTZELL
    EARLHAM
    EARLHAM,IA50072     		NONE N/A SCHOLARSHIP 1,000
    VICTORIA THOMPSON
    WOODBINE
    WOODBINE,IA51579     		NONE N/A SCHOLARSHIP 1,000
    MATT SWANSON
    MADRID
    MADRID,IA50156     		NONE N/A SCHOLARSHIP 1,000
    HANNAH SWANSON
    MADRID
    MADRID,IA50156     		NONE N/A SCHOLARSHIP 1,000
    ABIGAIL SPARKS
    IOWA CITY
    IOWA CITY,IA52246     		NONE N/A SCHOLARSHIP 1,000
    CLAYTON ROBISON
    WINFIELD
    WINFIELD,IA52659     		NONE N/A SCHOLARSHIP 1,000
    MEGHAN MILLS
    JANESVILLE
    JANESVILLE,IA50647     		NONE N/A SCHOLARSHIP 1,000
    JEREMY MAASS
    IDA GROVE
    IDA GROVE,IA51445     		NONE N/A SCHOLARSHIP 1,000
    PAULA KOVARIK
    CALMAR
    CALMAR,IA52132     		NONE N/A SCHOLARSHIP 1,000
    JACKLYN KENINGER
    ACKLEY
    ACKLEY,IA50601     		NONE N/A SCHOLARSHIP 1,000
    KACI KEITZER
    MEDIAPOLIS
    MEDIAPOLIS,IA52637     		NONE N/A SCHOLARSHIP 1,000
    JACOB HOUSE
    SABULA
    SABULA,IA52070     		NONE N/A SCHOLARSHIP 1,000
    BEN HECHT
    FONDA
    FONDA,IA50540     		NONE N/A SCHOLARSHIP 1,000
    COLE CHESNUT
    SHELL ROCK
    SHELL ROCK,IA50670     		NONE N/A SCHOLARSHIP 1,000
    ALLISON BROWN
    NEW PROVIDENCE
    NEW PROVIDENCE,IA50206     		NONE N/A SCHOLARSHIP 1,000
    SOPHIA BENJEGERDES
    MASON CITY
    MASON CITY,IA50401     		NONE N/A SCHOLARSHIP 1,000
    HEIDI ANDRESEN
    DEWITT
    DEWITT,IA52742     		NONE N/A SCHOLARSHIP 1,000
    RICKY HOPPER
    TOLEDO
    TOLEDO,IA52342     		NONE N/A SCHOLARSHIP 500
    TANNER THOMPSON
    IDA GROVE
    IDA GROVE,IA51445     		NONE N/A SCHOLARSHIP 1,000
    MORGAN THORPE
    LAMONI
    LAMONI,IA50140     		NONE N/A SCHOLARSHIP 1,000
    JACOB LAUVER
    ROCKWELL CITY
    ROCKWELL CITY,IA50579     		NONE N/A SCHOLARSHIP 1,000
    ALEXANDRA FERGUSON
    NEW SHARON
    NEW SHARON,IA50207     		NONE N/A SCHOLARSHIP 1,000
    STERLING SCHNEPF
    GRANVILLE
    GRANVILLE,IA51022     		NONE N/A SCHOLARSHIP 1,000
    TY WEBSTER
    RUNNELLS
    RUNNELLS,IA50237     		NONE N/A SCHOLARSHIP 500
    NICHOLAS MILLER
    SOLDIER
    SOLDIER,IA51572     		NONE N/A SCHOLARSHIP 1,000
    TRISHA COLLINS
    PLEASANTVILLE
    PLEASANTVILLE,IA50225     		NONE N/A SCHOLARSHIP 1,000
    SARA ALTENHOFEN
    WELLMAN
    WELLMAN,IA52356     		NONE N/A SCHOLARSHIP 2,000
    KAYLA DENGER
    LYTTON
    LYTTON,IA50561     		NONE N/A SCHOLARSHIP 1,000
    SARA SIEREN
    KEOTA
    KEOTA,IA52248     		NONE N/A SCHOLARSHIP 1,500
    NOLAN ZUMBACH
    RYAN
    RYAN,IA52330     		NONE N/A SCHOLARSHIP 1,500
    BRE BRANDERHORST
    PRAIRIE CITY
    PRAIRIE CITY,IA50228     		NONE N/A SCHOLARSHIP 2,000
    CLAYTON MILLER
    LATIMER
    LATIMER,IA50452     		NONE N/A SCHOLARSHIP 2,000
    KOLE WILSON
    NEWTON
    NEWTON,IA50208     		NONE N/A SCHOLARSHIP 2,000
    MALLORY BORMANN
    ALGONA
    ALGONA,IA50511     		NONE N/A SCHOLARSHIP 2,000
    SARA AL-MAZROA
    PERU
    PERU,IA50222     		NONE N/A SCHOLARSHIP 2,000
    ANDREW LAUVER
    ROCKWELL CITY
    ROCKWELL CITY,IA50579     		NONE N/A SCHOLARSHIP 2,000
    KALE SPENGLER
    DURANT
    DURANT,IA52747     		NONE N/A SCHOLARSHIP 2,000
    KATELYN MCARTOR
    MT PLEASANT
    MT PLEASANT,IA52641     		NONE N/A SCHOLARSHIP 2,000
    NICHOLE LICHT
    HUMBOLDT
    HUMBOLDT,IA50548     		NONE N/A SCHOLARSHIP 2,000
    HAILEY MEITNER
    ST ANSGAR
    ST ANSGAR,IA50472     		NONE N/A SCHOLARSHIP 2,000
    ERIKA EDWARDS
    HUXLEY
    HUXLEY,IA50124     		NONE N/A SCHOLARSHIP 2,000
    CODY KORTHAUS
    MOULTON
    MOULTON,IA52572     		NONE N/A SCHOLARSHIP 2,000
    BETHANY OLSON
    JEWELL
    JEWELL,IA50130     		NONE N/A SCHOLARSHIP 2,000
    ADAM STRIEGEL
    WHAT CHEER
    WHAT CHEER,IA50268     		NONE N/A SCHOLARSHIP 3,000
    LAUREN HOUSKA
    SAC CITY
    SAC CITY,IA50583     		NONE N/A SCHOLARSHIP 5,000
    TAYLOR PETERSEN
    GLADBROOK
    GLADBROOK,IA50635     		NONE N/A SCHOLARSHIP 1,000
    CELENE SLIFKA
    STATE CENTER
    STATE CENTER,IA50247     		NONE N/A SCHOLARSHIP 1,000
    ROSS LILIENTHAL
    DURANT
    DURANT,IA52747     		NONE N/A SCHOLARSHIP 1,000
    CELSEY MOODY
    NEVADA
    NEVADA,IA50201     		NONE N/A SCHOLARSHIP 1,000
    NICHOLAS LAUTERBACH
    VAN METER
    VAN METER,IA50261     		NONE N/A SCHOLARSHIP 1,000
    CHAD OBRECHT
    OAKLAND
    OAKLAND,IA51560     		NONE N/A SCHOLARSHIP 1,000
    BRITTANY JURGEMEYER
    ROCKWELL
    ROCKWELL,IA50010     		NONE N/A SCHOLARSHIP 1,500
    DREW GEURINK
    WALCOTT
    WALCOTT,IA52773     		NONE N/A SCHOLARSHIP 1,500
    MICHAEL BERKLAND
    SIBLEY
    SIBLEY,IA51249     		NONE N/A SCHOLARSHIP 2,500
    JULIE HAUGEN
    DOWS
    DOWS,IA50071     		NONE N/A SCHOLARSHIP 2,000
    JAMIE HAUGEN
    DOWS
    DOWS,IA50071     		NONE N/A SCHOLARSHIP 2,000
    DEREK BROWN
    NEW PROVIDENCE
    NEW PROVIDENCE,IA50206     		NONE N/A SCHOLARSHIP 5,000
    CHELSEY BRANDERHORST
    PRAIRIE CITY
    PRAIRIE CITY,IA50228     		NONE N/A SCHOLARSHIP 5,500
    DAWEYN ALBERTSON
    TOLEDO
    TOLEDO,IA52342     		NONE N/A SCHOLARSHIP 5,500
    ALYSSA FOSTER
    RIVERSIDE
    RIVERSIDE,IA52327     		NONE N/A SCHOLARSHIP 5,500
    Total .................................bullet 3a 144,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 3,098  
    4 Dividends and interest from securities....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory          
    9 Net income or (loss) from special events:     1 25,964  
    10 Gross profit or (loss) from sales of inventory..         60,924
    11 Other revenue: aMEMBERSHIP DUES         6,500
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   29,062 67,424
    13Total. Add line 12, columns (b), (d), and (e)..................
    1396,486
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    10 SEE ATTACHED STATEMENT
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2012)
    Additional Data


    Software ID: 12000229
    Software Version: 2012v2.0


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    OMB No. 1545-0047
    2012
    Name of the organization
    IOWA FOUNDATION FOR AGRICULTURAL
    ADVANCEMENT
    Employer identification number

    42-1183067
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......................... Arrow Bullet   $    
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2 of its Form 990; or check the box on line H of its
    Form 990-EZ or on Part I, line 2 of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2012)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
    Page 2
    Name of organization
    IOWA FOUNDATION FOR AGRICULTURAL
    ADVANCEMENT         		Employer identification number

    42-1183067
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    7
     
     

    RICHARD O JACOBSON    
    P O BOX 224 3811 DIXON ST
       
    DES MOINES, IA   50309

    		$25,000


    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    6
     
     

    COMMUNITY FOUNDATION GREATER DSM    
    1915 GRAND AVE
       
    DES MOINES, IA   50309

    		$10,000


    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
     
     

    ELANCO ANIMAL HEALTH DUSTIN FORD    
    1810 SILVER MAPLE TRAIL
       
    NORTH LIBERTY, IA   52317

    		$5,000


    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
     
     

    RASTETTER FOUNDATION    
    10640 COUNTY HWY D20
       
    ALDEN, IA   50006

    		$25,000


    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
     
     

    IOWA SELECT FARMS    
    P O BOX 400
       
    IOWA FALLS, IA   50126

    		$10,000


    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
     
     

    DEE ZEE MANUFACTURING INC    
    1572 NE 58TH AVE PO BOX 3090
       
    DES MOINES, IA   50316

    		$5,000


    (Complete Part II if there is a noncash contribution.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
    Name of organization
    IOWA FOUNDATION FOR AGRICULTURAL
    ADVANCEMENT         		Employer identification number

    42-1183067
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    HYVEE    
    5820 WESTOWN PKWY
       
    DES MOINES, IA   50322

    		$23,500


    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  


    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  


    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  


    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  


    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  


    (Complete Part II if there is a noncash contribution.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
    Page 3
    Name of organization
    IOWA FOUNDATION FOR AGRICULTURAL
    ADVANCEMENT         		Employer identification number

    42-1183067
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    		     
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
    Page 4
    Name of organization
    IOWA FOUNDATION FOR AGRICULTURAL
    ADVANCEMENT         		Employer identification number

    42-1183067
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    that total more than $1,000 for the year. Complete columns (a) through (e) and the following line entry.
    For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
    contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

    Additional Data


    Software ID: 12000229
    Software Version: 2012v2.0

    TY 2012 AccountingFeesSchedule
    Name:
    IOWA FOUNDATION FOR AGRICULTURAL
    ADVANCEMENT
    EIN: 42-1183067
    Software ID:12000229
    Software Version:2012v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 2,000 2,000 2,000 2,000

    TY 2012 OtherExpensesSchedule
    Name:
    IOWA FOUNDATION FOR AGRICULTURAL
    ADVANCEMENT
    EIN: 42-1183067
    Software ID:12000229
    Software Version:2012v2.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    STATE FAIR TICKETS 3,403   3,403 3,403
    Special Event Expenses 21,101      
    POSTAGE 2,757   2,757 2,757
    OTHER 175   175 175
    OFFICE SUPPLIES 7,609   7,609 7,609
    MISCELLEANEOUS 3,795   53,795 53,795
    MEMORIALS 5,125   5,125 5,125
    MEALS & HOTEL 4,208   4,208 4,208
    MARKETING 12,927   12,927 12,927
    FLORAL EXPENSE 185   185 185
    CONTRIBUTIONS 9,000   9,000 9,000
    CONTRACT SERVICES 5,571   5,571 5,571
    BANK FEES 513   513 513
    AWARDS & PLAQUES 2,119   2,119 2,119


    TY 2012 OtherIncomeSchedule2
    Name:
    IOWA FOUNDATION FOR AGRICULTURAL
    ADVANCEMENT
    EIN: 42-1183067
    Software ID:12000229
    Software Version:2012v2.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MEMBERSHIP DUES 6,500    
    Income From Special Events 47,065    


    TY 2012 SalesOfInventoryList 
    Name:
    IOWA FOUNDATION FOR AGRICULTURAL
    ADVANCEMENT
    EIN: 42-1183067
    Software ID:12000229
    Software Version:2012v2.0

    Category Gross Sales Cost of Goods Sold Net (Gross Sales Minus
    Cost of Goods Sold)
    SALE OF CHAMPIONS PROCEEDS 268,727 207,803 60,924