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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 23-7175701

IOWA SOCIETY OF FARM MANAGERS AND RURAL APPRAISERS

Tax-exempt · IOWA FALLS, IA 50126

Financials

$66K$89K2023$58K$63K2024
Revenue Expenses · by fiscal year end
Financials of IOWA SOCIETY OF FARM MANAGERS AND RURAL APPRAISERS by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
July 31, 2025990-EZ$58,141$63,284-$5,143$49,844–$49,844
July 31, 2024990-EZ$66,237$89,001-$22,764$54,988–$54,988
Financial details: 990-EZ for the year ended July 31, 2025

Revenue

Contributions, gifts and grants
$9,614
Program service revenue
$47,628
Investment income
$899

Expenses

Compensation of officers, directors and key employees
$11,833
Professional fees and payments to contractors
$26,018
Printing, publications and postage
$775
Other expenses
$36,491
Program services (functional)
$33,270

Balance sheet and other

Total assets, start of year
$54,987
Total assets, end of year
$49,844
Total liabilities, end of year
–
Net assets, end of year
$49,844
Cash, savings and investments
$49,844
Gross receipts
$58,141

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-EZ for the year ended July 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
TRACI SCHERMERHORNSECRETARY0$8,083
MICHAEL NISSLYTREASURER0$3,750
JOEL AMBROSEDIRECTOR0$0
GRANT ASCHINGERPAST PRESIDE0$0
JEANNIE FETROWPRESIDENT0$0
KATHY PETTINGERDIRECTOR0$0
COLTON LACINADIRECTOR0$0
JAKE MILLERDIRECTOR0$0
TRAVIS NISSENDIRECTOR0$0
SHELBY CARYDIRECTOR0$0
RABAIL CHANDIODIRECTOR0$0
990-EZ for the year ended July 31, 2024: 11 people
NameTitleHours / weekCompensation
TRACI SCHERMERHORNSECRETARY0$19,400
MICHAEL NISSLYTREASURER0$3,750
JOEL AMBROSEDIRECTOR0$0
GRANT ASCHINGERPAST PRESIDE0$0
JEANNIE FETROWPRESIDENT0$0
KATHY PETTINGERDIRECTOR0$0
COLTON LACINADIRECTOR0$0
JAKE MILLERDIRECTOR0$0
TRAVIS NISSENDIRECTOR0$0
SHELBY CARYDIRECTOR0$0
RABAIL CHANDIODIRECTOR0$0

Address and contacts

Address (IRS master file)
511 WASHINGTON AVE, IOWA FALLS, IA 50126-2215
In care of
% MICHAEL J NISSLY
Signed the 990-EZ
MICHAEL NISSLY, TREASURER
Phone
(641) 648-4285
Return prepared by
NISSLY & NISSLY

Mission

PROFESSIONAL EDUCATION FOR ITS MEMBERS

990-EZ for the year ended July 31, 2025

Program accomplishments

  • ANNUAL 2 DAY PROFESSIONAL MEETING & EDUCATIONAL CONFERENCE FOR MEMBERS
    Expenses $31,610
  • ONE DAY UPDATE TRAINING. JOINT WITH RLI ASSOC.
  • SPECIAL USPAP TRAINING FOR MEMBERSHIP
  • SUPPORT OF ASFMRA ORGAINZATION
    Expenses $1,660

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in July, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025July 31, 2026December 15, 2026Not due yet
2024July 31, 2025December 15, 2025990-EZ on file
2023July 31, 2024December 16, 2024990-EZ on file

File the 2025 990-N for IOWA SOCIETY OF FARM MANAGERS AND RURAL APPRAISERS

Due December 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
23-7175701
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1973
Accounting year ends
July
Files
Form 990-N (e-Postcard)
Assets (IRS master file)
$41,981
Income (IRS master file)
$23,751

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZJuly 2025$58,141$63,284$49,844XML
990-EZJuly 2024$66,237$89,001$54,988XML
990-EZJuly 2023–––IRS
990-EZJuly 2022–––IRS
990-EZJuly 2021–––IRS
990-EZJuly 2020–––IRS
990-EZJuly 2019–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7175701).

Questions about IOWA SOCIETY OF FARM MANAGERS AND RURAL APPRAISERS

What is the EIN of IOWA SOCIETY OF FARM MANAGERS AND RURAL APPRAISERS?
The employer identification number (EIN) of IOWA SOCIETY OF FARM MANAGERS AND RURAL APPRAISERS is 23-7175701.
Is IOWA SOCIETY OF FARM MANAGERS AND RURAL APPRAISERS tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1973.
Are donations to IOWA SOCIETY OF FARM MANAGERS AND RURAL APPRAISERS tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does IOWA SOCIETY OF FARM MANAGERS AND RURAL APPRAISERS file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of IOWA SOCIETY OF FARM MANAGERS AND RURAL APPRAISERS due?
The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did IOWA SOCIETY OF FARM MANAGERS AND RURAL APPRAISERS last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended July 2025.
Who are the officers and directors of IOWA SOCIETY OF FARM MANAGERS AND RURAL APPRAISERS?
The 990-EZ for the year ended July 31, 2025 lists 11 people; 2 received compensation from the organization, the highest $8,083 (TRACI SCHERMERHORN, SECRETARY).
How much revenue does IOWA SOCIETY OF FARM MANAGERS AND RURAL APPRAISERS have?
On its 990-EZ for the year ended July 31, 2025 it reported revenue of $58,141, expenses of $63,284 and total assets of $49,844 at year end.

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