Nonprofit · EIN 37-6570972
IOWA STATE FAIRGROUNDS TR
Tax-exempt · DES MOINES, IA 50317
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| October 31, 2025 | 990 | $396,476 | $13,984 | $382,492 | $2,437,394 | $0 | $2,437,394 |
| October 31, 2024 | 990 | $202,948 | $11,827 | $191,121 | $2,054,902 | $0 | $2,054,902 |
| October 31, 2023 | 990 | $227,455 | $9,669 | $217,786 | $1,598,895 | $0 | $1,598,895 |
Financial details: 990 for the year ended October 31, 2025
Revenue
- Contributions, gifts and grants
- $212,035
- Program service revenue
- $0
- Investment income
- $184,441
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Management and general (functional)
- $13,984
Balance sheet and other
- Total assets, start of year
- $2,054,902
- Total assets, end of year
- $2,437,394
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,437,394
- Publicly traded securities
- $2,410,533
- Gross receipts
- $396,476
- Employees
- 0
- Volunteers
- 15
- Year formed
- 2012
- State of legal domicile
- IA
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 for the year ended October 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VerDon Schmidt | Director Trustee or director | 0 | $0 |
| Alan Brown | Director Trustee or director | 0 | $0 |
| Jarrod Horning | Director Trustee or director | 0 | $0 |
| John Harms | Director Trustee or director | 0 | $0 |
| Deb Zumbach | Treasurer Trustee or director, Officer | 0 | $0 |
| Randy Brown | Director Trustee or director | 0 | $0 |
| Jo Reynolds | Director Trustee or director | 0 | $0 |
| CW Thomas | Director Trustee or director | 0 | $0 |
| Danny Olson | Director Trustee or director | 0 | $0 |
| Kim Reynolds | Governor Trustee or director | 0 | $0 |
| Michael Naig | Secretary of Agriculture Trustee or director | 0 | $0 |
| Wendy Wintersteen | President of Iowa State University Trustee or director | 0 | $0 |
| Peter Cownie | Executive Director Trustee or director | 0 | $0 |
| Tennie Carlson | Director Trustee or director | 0 | $0 |
| Darwin Gaudian | President Trustee or director, Officer | 0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Curtis Claeys | Vice President Trustee or director, Officer | 0 | $0 |
| Jeremy Parsons | Secretary Trustee or director, Officer | 0 | $0 |
990 for the year ended October 31, 2024: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VerDon Schmidt | Director Trustee or director | 0 | $0 |
| Alan Brown | Director Trustee or director | 0 | $0 |
| Gary McConnell | Director Trustee or director | 0 | $0 |
| John Harms | Director Trustee or director | 0 | $0 |
| Deb Zumbach | Treasurer Trustee or director, Officer | 0 | $0 |
| Randy Brown | Director Trustee or director | 0 | $0 |
| Jo Reynolds | Director Trustee or director | 0 | $0 |
| CW Thomas | Director Trustee or director | 0 | $0 |
| Gary Van Aernam | Director Trustee or director | 0 | $0 |
| Kim Reynolds | Governor Trustee or director | 0 | $0 |
| Michael Naig | Secretary of Agriculture Trustee or director | 0 | $0 |
| Wendy Wintersteen | President of Iowa State University Trustee or director | 0 | $0 |
| Peter Cownie | Executive Director Trustee or director | 0 | $0 |
| Tennie Carlson | Director Trustee or director | 0 | $0 |
| Darwin Gaudian | President Trustee or director, Officer | 0 | $0 |
| Curtis Claeys | Vice President Trustee or director, Officer | 0 | $0 |
| Jeremy Parsons | Secretary Trustee or director, Officer | 0 | $0 |
990 for the year ended October 31, 2023: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VerDon Schmidt | Director Trustee or director | 0 | $0 |
| Alan Brown | Director Trustee or director | 0 | $0 |
| Gary McConnell | Director Trustee or director | 0 | $0 |
| John Harms | Director Trustee or director | 0 | $0 |
| Deb Zumbach | Treasurer Trustee or director, Officer | 0 | $0 |
| Randy Brown | Director Trustee or director | 0 | $0 |
| Jo Reynolds | Director Trustee or director | 0 | $0 |
| CW Thomas | Director Trustee or director | 0 | $0 |
| Gary Van Aernam | Director Trustee or director | 0 | $0 |
| Kim Reynolds | Governor Trustee or director | 0 | $0 |
| Michael Naig | Secretary of Agriculture Trustee or director | 0 | $0 |
| Wendy Wintersteen | President of Iowa State University Trustee or director | 0 | $0 |
| Peter Cownie | Executive Director Trustee or director | 0 | $0 |
| Tennie Carlson | Director Trustee or director, Officer | 0 | $0 |
| Darwin Gaudian | President Trustee or director, Officer | 0 | $0 |
| Curtis Claeys | Vice President Trustee or director, Officer | 0 | $0 |
| Jeremy Parsons | Secretary Trustee or director, Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 57130, DES MOINES, IA 50317-0003
- In care of
- % PETER COWNIE
- Principal officer (990 for 2024)
- Peter Cownie, PO Box 57130, Des Moines, IA 50317
- Signed the 990
- Peter Cownie, Executive Director
- Phone
- (515) 262-3111
- Website
- www.blueribbonfoundation.org
- Return prepared by
- Brick Gentry PC
Mission
An endowment trust to be used exclusively for the maintenance and improvement of the Iowa State Fairgrounds
Program accomplishments
- The trust is still continuing to build a permanent endowment fund to be used exclusively for the maintenance and improvement of the Iowa State Fairgrounds. There were no distributions made during this fiscal year0
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in October, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | October 31, 2026 | March 15, 2027 | Not due yet |
| 2024 | October 31, 2025 | March 16, 2026 | 990 on file |
| 2023 | October 31, 2024 | March 17, 2025 | 990 on file |
IRS record
- EIN
- 37-6570972
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- October
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $2,437,394
- Income (IRS master file)
- $396,476
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | October 2025 | $396,476 | $13,984 | $2,437,394 | XML |
| 990 | October 2024 | $202,948 | $11,827 | $2,054,902 | IRS |
| 990 | October 2023 | $227,455 | $9,669 | $1,598,895 | XML |
| 990 | October 2022 | $202,852 | $9,131 | $1,381,562 | IRS |
| 990 | October 2021 | – | – | – | 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 37-6570972).
Questions about IOWA STATE FAIRGROUNDS TR
- What is the EIN of IOWA STATE FAIRGROUNDS TR?
- The employer identification number (EIN) of IOWA STATE FAIRGROUNDS TR is 37-6570972.
- Is IOWA STATE FAIRGROUNDS TR tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to IOWA STATE FAIRGROUNDS TR tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IOWA STATE FAIRGROUNDS TR file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of IOWA STATE FAIRGROUNDS TR due?
- The return for tax year 2025 (the year ending October 31, 2026) is due March 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IOWA STATE FAIRGROUNDS TR last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended October 2025.
- Who is the principal officer of IOWA STATE FAIRGROUNDS TR?
- The 990 for the year ended October 31, 2025 names Peter Cownie.
- Who are the officers and directors of IOWA STATE FAIRGROUNDS TR?
- The 990 for the year ended October 31, 2025 lists 17 people; 0 received compensation from the organization.
- How much revenue does IOWA STATE FAIRGROUNDS TR have?
- On its 990 for the year ended October 31, 2025 it reported revenue of $396,476, expenses of $13,984 and total assets of $2,437,394 at year end.
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- GOLF CHARITABLE FOUNDATION OF GREATER DES MOINES EIN 81-2651226 · last filed 990 for 2025
- SEHGAL FOUNDATION EIN 42-1477858 · last filed 990-PF for 2024
- KRAUSE FAMILY LEGACY FOUNDATION EIN 39-4348943 · last filed 990-PF for 2025
- BOOKEY FAMILY FOUNDATION EIN 20-3828796 · last filed 990-PF for 2025
- DES MOINES PUBLIC LIBRARY FOUNDATION EIN 42-1484890 · last filed 990 for 2025
- MARY K AND DANIEL M KELLY FOUNDATION EIN 20-1826362 · last filed 990-PF for 2025
- MIDAMERICAN ENERGY FOUNDATION EIN 42-1338550 · last filed 990-PF for 2024
All nonprofits in DES MOINES · Iowa · Philanthropy, voluntarism and grantmaking foundations