Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
IOWA FOUNDATION FOR AGRICULTURAL
ADVANCEMENT
Number and street (or P.O. box number if mail is not delivered to street address)10550 NEW YORK AVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DES MOINES, IA50322
A Employer identification number

42-1183067
B Telephone number (see instructions)

(515) 987-2116
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
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.)
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) 185,489
2 Check bullet.............
3 Interest on savings and temporary cash investments 224 224 224
4 Dividends and interest from securities... 4,203 4,203 4,203
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 687
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 323,690
b Less: Cost of goods sold.... 199,225
c Gross profit or (loss) (attach schedule)..... Click to see attachment 124,465 124,465
11 Other income (attach schedule)....... Click to see attachment 58,693   34,706
12 Total. Add lines 1 through 11........ 373,761 4,427 163,598
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 10,149   10,149  
b Accounting fees (attach schedule)....... Click to see attachment 7,769 1,000 6,769  
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.......        
22 Printing and publications.......... 4,396   4,396  
23 Other expenses (attach schedule)....... Click to see list of attachments 94,806   94,806  
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 117,120 1,000 116,120 0
25 Contributions, gifts, grants paid....... 213,050 213,050
26 Total expenses and disbursements. Add lines 24 and 25 330,170 1,000 116,120 213,050
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 43,591
b Net investment income (if negative, enter -0-) 3,427
c Adjusted net income (if negative, enter -0-)... 47,478
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
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............. 30,477 28,672  
2 Savings and temporary cash investments......... 187,076 263,127  
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 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)....... 156,044 116,556  
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) 373,597 408,355 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 Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here 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 373,597 408,355
30 Total net assets or fund balances (see instructions)..... 373,597 408,355
31 Total liabilities and net assets/fund balances (see instructions). 373,597 408,355
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
373,597
2
Enter amount from Part I, line 27a .....................
2
43,591
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
417,188
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
8,833
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
408,355
Form 990-PF (2018)
Form 990-PF (2018)
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 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))
2017 196,800 386,994 0.50854
2016 216,000 414,903 0.52060
2015 213,150 369,878 0.57627
2014 210,950 365,851 0.57660
2013 173,700 349,347 0.49721
2
Total of line 1, column (d) .....................
2
2.679224
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.535845
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
393,862
5
Multiply line 4 by line 3......................
5
211,049
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
34
7
Add lines 5 and 6........................
7
211,083
8
Enter qualifying distributions from Part XII, line 4,.............
8
213,050
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 (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 34
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 34
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 34
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 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. Check here 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 34
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 2019 estimated taxBullet   RefundedBullet 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 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 2018 or the taxable year beginning in 2018? See the 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
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    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 ofbulletTIMMINS JACOBSEN STRAWHACKER Telephone no.bullet (515) 270-8080

    Located atbullet10550 NEW YORK AVE STE 200DES MOINESIA ZIP+4bullet50322
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    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 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 2018?.............
    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 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    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 2018 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 2018.)..................
    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 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (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 4945(d)(4)(A)? 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
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    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
    JACK BAIR Director
    2.00     		0    
    4462 NE 150TH AVE
    ELKHART,IA50073
    ROB BOHNSACK Director
    2.00     		0    
    2063 VERMONT AVE
    WILTON,IA52778
    HAROLD HODSON Director
    2.00     		0    
    3207 NE RENAISSANCE DR
    ANKENY,IA50021
    PAUL FLINT President
    4.00     		0    
    632 230TH ST
    ALEXANDER,IA50420
    GARY VANAERNAM Director
    1.00     		0    
    2810 280TH STREET
    EXIRA,IA50076
    MARK KAHLER Director
    2.00     		0    
    502 4TH ST
    CAMBRIDGE,IA50046
    TIM MESSENGER Vice President
    2.00     		0    
    3190 240TH ST
    AINSWORTH,IA52201
    ANDREW LAUVER Director
    2.00     		0    
    2061 310TH STREET
    ROCKWELL CITY,IA50579
    MIKE DORAN Director
    2.00     		0    
    3116 EVERGREEN ROAD
    AMES,IA50014
    BREANNA WAGNER Secretary
    2.00     		0    
    1427 250TH ST
    EAGLE GROVE,IA50533
    JOSH WILLIAMS Treasurer
    2.00     		0    
    175 TERRACE DR
    WAUKEE,IA50263
    MIKE PETZENHAUSER Director
    2.00     		0    
    62750 150TH STREET
    ROLAND,IA50236
    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  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    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  
    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 instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    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
    140,105
    b
    Average of monthly cash balances.......................
    1b
    259,755
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    399,860
    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
    399,860
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    5,998
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    393,862
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    19,693
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    19,693
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    34
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    34
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    19,659
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    19,659
    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
    19,659
    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
    213,050
    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
    213,050
    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
    34
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    213,016
    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 (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 19,659
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 156,256
    b From 2014...... 192,671
    c From 2015...... 194,710
    d From 2016...... 195,255
    e From 2017...... 177,450
    fTotal of lines 3a through e........ 916,342
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 213,050
    a Applied to 2017, 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 2018 distributable amount..... 19,659
    e Remaining amount distributed out of corpus 193,391
    5 Excess distributions carryover applied to 2018.    
    (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 1,109,733
    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 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		156,256
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		953,477
    10 Analysis of line 9:
    a Excess from 2014.... 192,671
    b Excess from 2015.... 194,710
    c Excess from 2016.... 195,255
    d Excess from 2017.... 177,450
    e Excess from 2018.... 193,391
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    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 2018, 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) 2018 (b) 2017 (c) 2016 (d) 2015
             
    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 foundation 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 address 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 (2018)
    Form 990-PF (2018)
    Page 11
    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
    Justin Swanton
    1791 360th Ave
    Goose Lake,IA52750     		NONE N/A SCHOLARSHIP 5,000
    Aubree Beenken
    2646 3rd Street
    Buckingham,IA50612     		NONE N/A SCHOLARSHIP 5,000
    Nolan Monaghan
    1619 180th Ave
    Manchester,IA52057     		NONE N/A SCHOLARSHIP 5,000
    Benjamin McClain
    1210 Hwy 18
    Everly,IA51338     		NONE N/A SCHOLARSHIP 5,000
    Macy Marek
    2659 170th Street
    Riverside,IA52327     		NONE N/A SCHOLARSHIP 10,000
    Josie Burgett
    557 Gear Street
    Pleasantville,IA50225     		NONE N/A SCHOLARSHIP 6,500
    Brandon Hanson
    1602 Hidden Valley Drive
    Iowa Falls,IA50126     		NONE N/A SCHOLARSHIP 6,500
    Kennedy Core
    859 92nd Ave
    Pleasantville,IA50225     		NONE N/A SCHOLARSHIP 5,000
    Daiton Tietz
    1534 185th Street
    Decorah,IA52101     		NONE N/A SCHOLARSHIP 5,000
    Brooke Sieren
    1470 Keokuk-Washington Road
    Keota,IA52248     		NONE N/A SCHOLARSHIP 5,000
    Hailey Daufeldt
    1336 Elder Ave
    West Liberty,IA52776     		NONE N/A SCHOLARSHIP 5,000
    Koby Boysen
    19394 Co Road G 62
    Morning Sun,IA52640     		NONE N/A SCHOLARSHIP 3,000
    Antionette Veldhuizen
    5100 SE 124th Street
    Runnels,IA50237     		NONE N/A SCHOLARSHIP 3,000
    Kaitlyn Boyer
    3188 Mormon Trail
    Weldon,IA50264     		NONE N/A SCHOLARSHIP 3,000
    Hannah Baljeu
    1796 Nuthatch Ave
    Charles City,IA50616     		NONE N/A SCHOLARSHIP 3,000
    McKenna Brinning
    2264 Ginkgo Ave
    Keota,IA52248     		NONE N/A SCHOLARSHIP 3,000
    Alexis Berte
    1108 E Lucas Street
    Algona,IA50511     		NONE N/A SCHOLARSHIP 3,000
    Cole Lauterbach
    35448 Old Portland Rd
    Van Meter,IA50261     		NONE N/A SCHOLARSHIP 2,500
    Jordan Travis
    218 14th Street SW
    Altoona,IA50009     		NONE N/A SCHOLARSHIP 2,000
    Wes Reever
    24714 Timber Ave
    Glidden,IA51443     		NONE N/A SCHOLARSHIP 2,000
    Holly Cook
    2866 Troymills Rd
    Winthrop,IA50682     		NONE N/A SCHOLARSHIP 2,000
    Lauren Mosher
    109 N Street
    Liscomb,IA50148     		NONE N/A SCHOLARSHIP 2,000
    Oliver Dies
    17948 Silverthorne Ln
    Ames,IA50014     		NONE N/A SCHOLARSHIP 2,000
    Cole Brenneman
    1148 190th Street
    Keota,IA52248     		NONE N/A SCHOLARSHIP 2,000
    Jessica Schmidt
    2738 St Hwy 24
    Fort Atkinson,IA52144     		NONE N/A SCHOLARSHIP 2,000
    Sydney Black
    3325 175th Street
    Ainsworth,IA52201     		NONE N/A SCHOLARSHIP 2,000
    McKinley Conover
    14497 Temple Ave
    Lynnville,IA50153     		NONE N/A SCHOLARSHIP 2,000
    Michael Tupper
    2430 Fayette Ave
    Ionia,IA50645     		NONE N/A SCHOLARSHIP 2,000
    Spenser Becker
    18030 330th Ave
    Keota,IA52248     		NONE N/A SCHOLARSHIP 1,500
    Lexie Berry
    3121 280th Street
    Sac City,IA50583     		NONE N/A SCHOLARSHIP 1,500
    Sarah Heiller
    1991 280th Street
    Madrid,IA50156     		NONE N/A SCHOLARSHIP 1,500
    Colton Warrick
    10649 Hwy S6G
    Prairie City,IA50228     		NONE N/A SCHOLARSHIP 1,500
    Michael DeDecker
    8879 NE 46th Ave
    Altoona,IA50009     		NONE N/A SCHOLARSHIP 1,500
    Gracie Russell
    1763 Quince Ave
    Prescott,IA50859     		NONE N/A SCHOLARSHIP 1,250
    Kayla Carolan
    5232 Metz Road
    Cedar Falls,IA50613     		NONE N/A SCHOLARSHIP 1,250
    Abigail Galm
    3810 110th Ave
    Hartley,IA51346     		NONE N/A SCHOLARSHIP 1,000
    Joshua Dragstra
    2211 390th Street
    Sioux Center,IA51250     		NONE N/A SCHOLARSHIP 1,000
    Zachary Muller
    2120 Eastland Drive
    Algona,IA50511     		NONE N/A SCHOLARSHIP 1,000
    Mindy Cook
    3300 Fraizer Rd
    Newark,DE19702     		NONE N/A SCHOLARSHIP 1,000
    Danielle Stock
    929 Makeey Dr
    Waukon,IA52172     		NONE N/A SCHOLARSHIP 1,500
    Cade VanVliet
    372 190th Ave
    Otley,IA50214     		NONE N/A SCHOLARSHIP 1,500
    Regan Hickman
    17395 155th Street
    Alden,IA50006     		NONE N/A SCHOLARSHIP 1,000
    Genevieve Van Wye
    19000 Rocking Chair Drive
    Lancaster,MO63548     		NONE N/A SCHOLARSHIP 1,000
    William Hurd
    2597 190th Street
    Nemaha,IA50567     		NONE N/A SCHOLARSHIP 1,000
    Kayla Hospodarsky
    10102 Hall Rd
    Cedar Rapids,IA52411     		NONE N/A SCHOLARSHIP 1,000
    Delaney Ridgway
    3230 Hwy 16
    Eldon,IA52554     		NONE N/A SCHOLARSHIP 1,000
    Joseph Boehm
    4756 Dove Rd
    Elgin,IA52141     		NONE N/A SCHOLARSHIP 1,000
    Gavin Meyer
    1855 Wilson Ave
    Wilton,IA52778     		NONE N/A SCHOLARSHIP 1,000
    Macy Leonard
    8971 Hwy T 12 N
    Newton,IA50208     		NONE N/A SCHOLARSHIP 1,000
    Gweneth Black
    1650 257th Street
    Jefferson,IA50129     		NONE N/A SCHOLARSHIP 1,000
    Kennady Moffitt
    10948 170th Ave
    Indianola,IA50125     		NONE N/A SCHOLARSHIP 1,000
    Brooke Beinhart
    1211 W Clinton Ave
    Indianola,IA50125     		NONE N/A SCHOLARSHIP 1,000
    Elisa Russ
    506 S 1st Ave
    New Hampton,IA50659     		NONE N/A SCHOLARSHIP 1,000
    Colby Lafrenz
    23355 Maysville Rd
    Maysville,IA52773     		NONE N/A SCHOLARSHIP 1,000
    Ryland McCormick
    185 Hwy 92
    Pleasantville,IA50225     		NONE N/A SCHOLARSHIP 1,000
    Hannah Heit
    2115 Odessa Ave
    New Hampton,IA50659     		NONE N/A SCHOLARSHIP 1,000
    Skylar Bloom
    2096 308th Ave
    DeWitt,IA52742     		NONE N/A SCHOLARSHIP 1,000
    Brooke Benning
    1527 Thrush Ave
    Hampton,IA50441     		NONE N/A SCHOLARSHIP 1,000
    Kaitlin Edge
    776 270th Street
    West Branch,IA52358     		NONE N/A SCHOLARSHIP 500
    Kelsey Pretz
    24066 165th Street
    Columbus Junction,IA52738     		NONE N/A SCHOLARSHIP 500
    Cully Forsyth
    2283 7 Mile Road
    Charles City,IA50616     		NONE N/A SCHOLARSHIP 500
    Dayton Brugman
    4650 130th Ave
    Peterson,IA51047     		NONE N/A SCHOLARSHIP 500
    Brittany Orman
    7672 River Road
    Ottuma,IA52501     		NONE N/A SCHOLARSHIP 500
    Spencer Arnold
    1404 Riverside Rd
    Riverside,IA52327     		NONE N/A SCHOLARSHIP 500
    Wyatt Stumpf
    PO Box 264
    Hills,IA52235     		NONE N/A SCHOLARSHIP 2,000
    Claire Christensen
    1645 390th Street
    Royal,IA51357     		NONE N/A SCHOLARSHIP 2,000
    Natalie Eick
    1105 Ivory Ave
    Plainfield,IA50666     		NONE N/A SCHOLARSHIP 2,000
    Luke Greiner
    1080 245th Street
    Keota,IA52248     		NONE N/A SCHOLARSHIP 2,000
    Allison Hager
    106 N 4th Street
    Bellevue,IA52031     		NONE N/A SCHOLARSHIP 2,000
    Grace Jakes
    1201 E Iowa Ave
    Indianola,IA50125     		NONE N/A SCHOLARSHIP 2,000
    Claire Petzenhauser
    62750 150th Street
    Roland,IA50236     		NONE N/A SCHOLARSHIP 2,000
    Thomas Pretz
    24066 165th Street
    Columbus Junction,IA52738     		NONE N/A SCHOLARSHIP 2,000
    Logan Sieren
    1235 210th Street
    Keota,IA52248     		NONE N/A SCHOLARSHIP 2,000
    Courtney Vondracek
    1712 120th Street NW
    Fairfax,IA52228     		NONE N/A SCHOLARSHIP 2,000
    Claire Whalen
    719 130th Street
    Pilot Mound,IA50223     		NONE N/A SCHOLARSHIP 2,000
    Christian Atkinson
    1071 KK Ave
    Blairstown,IA52209     		NONE N/A SCHOLARSHIP 1,000
    Joe Beary
    5339 120th Street
    Lovilia,IA50150     		NONE N/A SCHOLARSHIP 1,000
    Madelynn Green
    PO Box 542
    State Center,IA50247     		NONE N/A SCHOLARSHIP 1,000
    Hannah Holdsworth
    3108 E Boyer Ave
    Denison,IA51442     		NONE N/A SCHOLARSHIP 1,000
    Rebecca Ley
    860 Dennler Drive
    Alleman,IA50007     		NONE N/A SCHOLARSHIP 1,000
    Travis Mascher
    309 Elliot Street
    Stanton,IA51573     		NONE N/A SCHOLARSHIP 1,000
    Megan Moore
    1300 Quebec Street
    Knoxville,IA50138     		NONE N/A SCHOLARSHIP 1,000
    Mariah Murphy
    57253 740th Street
    Anita,IA50020     		NONE N/A SCHOLARSHIP 1,000
    Stefany Naranjo
    107 6th Ave SE
    Belmond,IA50421     		NONE N/A SCHOLARSHIP 1,000
    Hollie Nelson
    1826 Willow Blvd
    Lockridge,IA52635     		NONE N/A SCHOLARSHIP 1,000
    Jacob Stern
    1639 150th Street
    Boone,IA50036     		NONE N/A SCHOLARSHIP 1,000
    Kameryn Warren
    809 William Ave
    Marengo,IA52301     		NONE N/A SCHOLARSHIP 1,000
    Iowa State University LivestockMeat
    119 Kildee
    Ames,IA50011     		NONE N/A AWARD 8,000
    Ashtyn Danker
    27586 Hwy 59
    Avoca,IA51521     		NONE N/A AWARD 1,000
    Payton Vogel
    100th 3780th
    Hartley,IA51346     		NONE N/A AWARD 500
    Chloe Van Vliet
    372 190th Ave
    Otley,IA50214     		NONE N/A AWARD 1,000
    Sara Sullivan
    701 Iowa Ave
    Dunlap,IA51529     		NONE N/A AWARD 1,000
    Abi Henderson
    513 W Division Street
    Ogden,IA50212     		NONE N/A AWARD 500
    Tommy Pretz
    24066 165th Street
    Columbus Junction,IA52738     		NONE N/A AWARD 1,000
    Lexie Berry
    3121 280th Street
    Sac City,IA51583     		NONE N/A AWARD 500
    Hayley Hick
    20472 280th Street
    Adel,IA50003     		NONE N/A AWARD 1,000
    Shae Lynn Becker
    18030 330th Ave
    Keota,IA52248     		NONE N/A AWARD 500
    Hayden Fox
    2333 220th Street
    Kanawha,IA50447     		NONE N/A AWARD 600
    Hailey Messerich
    37419 58th Street
    Spragueville,IA52074     		NONE N/A AWARD 400
    Gavin Branderhorst
    7985 W 78th Street South
    Prairie City,IA50228     		NONE N/A AWARD 600
    Abby Badger
    738 300th Street
    Bagley,IA50026     		NONE N/A AWARD 400
    Kyle Harold
    1213 Plto Rd West
    West Branch,IA52358     		NONE N/A AWARD 1,000
    Pierce Woodruff
    1787 250th Street
    Moorland,IA50566     		NONE N/A AWARD 750
    Jacob Scotton
    500 E Broadway Ave
    Fairfield,IA52556     		NONE N/A AWARD 500
    Creigh Rourke
    4714 Sharon Center Road SW
    Iowa City,IA52240     		NONE N/A AWARD 1,000
    Taylor Brinning
    2264 Ginkgo Ave
    Keota,IA52248     		NONE N/A AWARD 750
    Macy Marek
    2659 170th St
    Riverside,IA52327     		NONE N/A AWARD 1,500
    Tyler Frasher
    22703 Fish House Road
    Anamosa,IA52205     		NONE N/A AWARD 500
    Bridget Fisher
    1804 6th Ave N
    Wellman,IA52356     		NONE N/A AWARD 1,000
    Emily Harold
    1213 Plato Rd
    West Branch,IA52358     		NONE N/A AWARD 500
    Cameron Nabors
    PO Box 131
    Denmark,IA52624     		NONE N/A AWARD 250
    Kyle Harold
    1213 Plto Rd
    West Branch,IA52358     		NONE N/A AWARD 250
    Pierce Woodruff
    1787 250th Street
    Moorland,IA50566     		NONE N/A AWARD 500
    Cash Voegele
    46588 281st Street
    Lennox,SD57039     		NONE N/A AWARD 250
    Dustin Nicholson
    227 Ridgeview Court
    Ellsworth,IA50075     		NONE N/A AWARD 250
    Creigh Rourke
    4714 Sharon Center Road SW
    Iowa City,IA52240     		NONE N/A AWARD 250
    Tommy Pretz
    24066 165th Street
    Columbus Junction,IA52738     		NONE N/A AWARD 250
    Madison Hofman
    451 East 1st Street
    Sioux Center,IA51250     		NONE N/A AWARD 250
    Kyle Andrews
    LOCAL
    Allerton,IA50008     		NONE N/A AWARD 250
    Baily Sonka
    LOCAL
    Van Horne,IA52346     		NONE N/A AWARD 250
    Samuel Lane
    22835 Iowa City Road
    Mediapolis,IA52637     		NONE N/A AWARD 1,000
    Jacob Bombei
    18824 Zephyr Ave
    Delta,IA52550     		NONE N/A AWARD 500
    Sam Schmillen
    5582 F Ave
    Marcus,IA51035     		NONE N/A AWARD 500
    Colby Tool
    10179 Rifle Street
    Monroe,IA50170     		NONE N/A AWARD 500
    Brooke Kuesel
    2050 385th Ave
    Brooklyn,IA52211     		NONE N/A AWARD 500
    Austin Hager
    Local
    Bellevue,IA52031     		NONE N/A AWARD 500
    Jacob Looney
    1096 250th Street
    Wheatland,IA52777     		NONE N/A AWARD 500
    Ben Gibson
    Local
    North Fayette,IA52142     		NONE N/A AWARD 500
    Hannah Doolittle
    Local
    Webster City,IA50595     		NONE N/A AWARD 500
    Oliver Dies
    17948 Silverthorne Lane
    Ames,IA50014     		NONE N/A AWARD 250
    Cassidy Jacobsen
    1737 360th Ave
    Gooselake,IA52750     		NONE N/A AWARD 750
    Joshua Hilby
    1276 255th St
    Manchester,IA52057     		NONE N/A AWARD 500
    Lauren Mosher
    109 North St
    Liscomb,IA50148     		NONE N/A AWARD 250
    Jenny Peterson
    907 Quebec St
    Knoxville,IA50138     		NONE N/A AWARD 1,000
    Justin Swanton
    1791 360th Ave
    Gooselake,IA52750     		NONE N/A AWARD 500
    Tristan Haag
    3425 Starling Ave
    Primghar,IA51245     		NONE N/A AWARD 250
    Macy Marek
    2659 170th St
    Riverside,IA52327     		NONE N/A AWARD 200
    Marta Grant
    45307 17th St
    Preston,IA52069     		NONE N/A AWARD 500
    Jake Sterle
    59096 130th St
    Roland,IA50236     		NONE N/A AWARD 500
    Cole Spain
    29738 Eastern Rd
    Castalia,IA52133     		NONE N/A AWARD 300
    Caleb Finnegan
    303 Grand St
    Guthrie Center,IA50115     		NONE N/A AWARD 200
    Corey Clark
    15937 Highway 78
    Morning Sun,IA52640     		NONE N/A AWARD 1,000
    Aaron Boysen Family
    20409 105th Street
    Columbus Junction,IA52738     		NONE N/A AWARD 100
    Total .................................bullet 3a 213,050
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    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....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 224  
    4 Dividends and interest from securities....     14 4,203  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 687  
    9 Net income or (loss) from special events:     1 28,052  
    10 Gross profit or (loss) from sales of inventory         124,465
    11 Other revenue:
    aMEMBERSHIP DUES     		        6,650
    bMISC. REVENUE         3
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   33,166 131,118
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    164,284
    (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 (2018)
    Form 990-PF (2018)
    Page 13
    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 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    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) (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) 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 name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2018)
    Additional Data


    Software ID: 18007218
    Software Version: 2018v3.1


    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.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2018
    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 isn't covered by the General Rule and/or the Special Rules doesn't 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 its Form 990PF, Part I, line 2, to certify that it doesn't 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) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) 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
    1
    CARGILL INCORPORATED
     
    PO BOX 9300
     
    MINNEAPOLIS, MN55440

    		$ 10,500


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    IOWA SELECT FARMS
     
    811 SOUTH OAK STREET
     
    IOWA FALLS, IA50126

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    SINCLAIR TRACTOR
     
    1407 200TH AVENUE
     
    SIGOURNEY, IA52591

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    COMMUNITY FOUNDATION OF GREATER DM  
    1915 GRAND AVE
     
    DES MOINES, IA50309

    		$ 20,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
    THE RASTETTER FOUNDATION  
    10640 COUNTY HWY D20
     
    ALDEN, IA50006

    		$ 13,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    6
    TALL CORN MEAT GOAT WETHER ASSOC  
    1959 HIGHWAY 63
     
    NEW SHARON, IA50207

    		$ 7,299


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    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) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    IOWA FOUNDATION FOR AGRICULTURAL
    ADVANCEMENT         		Employer identification number

    42-1183067
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. 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) (2018)

    Additional Data


    Software ID: 18007218
    Software Version: 2018v3.1

    TY 2018 AccountingFeesSchedule
    Name:
    IOWA FOUNDATION FOR AGRICULTURAL
     
    ADVANCEMENT
    EIN:
    42-1183067
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
      7,769 1,000 6,769 0

    TY 2018 LegalFeesSchedule
    Name:
    IOWA FOUNDATION FOR AGRICULTURAL
     
    ADVANCEMENT
    EIN:
    42-1183067
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
      10,149 0 10,149 0


    TY 2018 OtherExpensesSchedule
    Name:
    IOWA FOUNDATION FOR AGRICULTURAL
     
    ADVANCEMENT
    EIN:
    42-1183067
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AWARDS & PLAQUES 2,425   2,425  
    BANK FEES 133   133  
    CONTRACT SERVICES 28,135   28,135  
    DONATIONS 1,088   1,088  
    FACILITIES & EQUIPMENT 491   491  
    INSURANCE 210   210  
    MARKETING 658   658  
    MEALS & HOTEL 1,628   1,628  
    MEMORIALS 321   321  
    OFFICE SUPPLIES 7,262   7,262  
    OTHER 1,309   1,309  
    PHOTOGRAPHY AND BANNERS 2,968   2,968  
    PICNIC EXPENSES 14,829   14,829  
    POSTAGE 3,921   3,921  
    Special Event Expenses 23,988      
    SPECIAL EVENT EXPENSES     23,988  
    STATE FAIR TICKETS 1,450   1,450  
    WEBSITE 3,990   3,990  


    TY 2018 OtherIncomeSchedule2
    Name:
    IOWA FOUNDATION FOR AGRICULTURAL
     
    ADVANCEMENT
    EIN:
    42-1183067
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Income From Special Events 52,040    
    MEMBERSHIP DUES 6,650   6,650
    MISC. REVENUE 3   3


    TY 2018 SalesOfInventoryList 
    Name:
    IOWA FOUNDATION FOR AGRICULTURAL
     
    ADVANCEMENT
    EIN:
    42-1183067
    Software ID:
    18007218
    Software Version:
    2018v3.1

    Category Gross Sales Cost of Goods Sold Net (Gross Sales Minus
    Cost of Goods Sold)
    SALE OF CHAMPIONS PROCEEDS 323,690 199,225 124,465