Nonprofit · EIN 42-0332550
IOWA-NEBRASKA FARM EQUIPMENT ASSOCIATION INC
Tax-exempt · JOHNSTON, IA 50131
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $3,771,465 | $3,277,924 | $493,541 | $12,821,774 | $4,126,930 | $8,694,844 |
| September 30, 2024 | 990 | $3,777,476 | $3,212,255 | $565,221 | $11,447,526 | $3,857,157 | $7,590,369 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $3,563,927
- Investment income
- $207,538
- Net gain from sales of assets
- -$150,095
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $99,430
- Compensation of officers, directors and key employees
- $306,549
- Other salaries and wages
- $866,584
- Salaries, compensation and benefits (total)
- $1,484,463
- Professional fundraising fees
- $0
- Occupancy
- $114,282
- Travel
- $41,156
- Depreciation
- $50,050
Balance sheet and other
- Total assets, start of year
- $11,447,526
- Total assets, end of year
- $12,821,774
- Total liabilities, end of year
- $4,126,930
- Net assets, end of year
- $8,694,844
- Land, buildings and equipment
- $1,013,932
- Publicly traded securities
- $5,945,378
- Net assets without donor restrictions
- $8,694,844
- Gross receipts
- $4,023,512
- Employees
- 0
- Volunteers
- 8
- Year formed
- 1927
- 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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARK HENNESSEY | CEO Officer | 40 | $0 | $242,692 | $53,258 |
| PHILIP ERDMAN | DIRECTOR OF DEALER RELATIONSHIPS Highest-paid employee | 40 | $0 | $165,841 | $58,191 |
| TOM JUNGE | IA FIELD DIRECTOR Highest-paid employee | 40 | $0 | $160,879 | $45,715 |
| JAMES MERTZ | Director of Dealer and Government Affairs Highest-paid employee | 40 | $0 | $158,569 | $42,061 |
| CINDY FELDMAN | MARKETING DIRECTOR Highest-paid employee | 40 | $0 | $126,342 | $31,270 |
| DONNA MILLER | OPERATIONS MANAGER Highest-paid employee | 40 | $0 | $122,777 | $18,732 |
| DAVE MCCARTHY | VICE CHAIRMAN Trustee or director, Officer | 0.4 | $0 | $0 | $0 |
| JAY FUNKE | PAST CHAIRMAN Trustee or director, Officer | 0.4 | $0 | $0 | $0 |
| KEVIN CLARK | CHAIRMAN Trustee or director, Officer | 0.4 | $0 | $0 | $0 |
| BRUCE BOWMAN | DIRECTOR Trustee or director | 0.4 | $0 | $0 | $0 |
| CLAY HALEY | DIRECTOR Trustee or director | 0.4 | $0 | $0 | $0 |
| KEITH KREPS | DIRECTOR Trustee or director | 0.4 | $0 | $0 | $0 |
| KENT GROSSHANS | DIRECTOR Trustee or director | 0.4 | $0 | $0 | $0 |
| MARK PLACEK | DIRECTOR Trustee or director | 0.4 | $0 | $0 | $0 |
990 for the year ended September 30, 2024: 16 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARK HENNESSEY | CEO Officer | 40 | $0 | $228,915 | $49,510 |
| PHILIP ERDMAN | DIR OF DEALE Highest-paid employee | 40 | $0 | $158,055 | $55,439 |
| TOM JUNGE | IA FIELD DIR Highest-paid employee | 40 | $0 | $155,221 | $51,703 |
| CINDY FELDMAN | MARKETING DI Highest-paid employee | 40 | $0 | $128,735 | $29,568 |
| GWEN PARKS | CONTROLLER Highest-paid employee | 40 | $0 | $101,114 | $43,531 |
| DONNA MILLER | OPERATIONS M Highest-paid employee | 40 | $0 | $119,017 | $19,671 |
| CLAY HALEY | DIRECTOR Trustee or director | 0.46 | $0 | $0 | $0 |
| BRUCE BOWMAN | DIRECTOR Trustee or director | 0.46 | $0 | $0 | $0 |
| KENT GROSSHANS | DIRECTOR Trustee or director | 0.46 | $0 | $0 | $0 |
| DAVE MCCARTHY | DIRECTOR Trustee or director | 0.46 | $0 | $0 | $0 |
| MARK PLACEK | DIRECTOR Trustee or director | 0.46 | $0 | $0 | $0 |
| BRIAN KOONCE LEFT FEB 2024 | DIRECTOR Trustee or director | 0.46 | $0 | $0 | $0 |
| MATT VANDE HOEF LEFT FEB 2024 | DIRECTOR Trustee or director | 0.46 | $0 | $0 | $0 |
| JAY FUNKE | CHAIRMAN Trustee or director, Officer | 0.46 | $0 | $0 | $0 |
| KEVIN CLARK | VICE CHAIRMA Trustee or director, Officer | 0.46 | $0 | $0 | $0 |
| TIM KAYTON | PAST CHAIRMA Trustee or director, Officer | 0.46 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 8330 NW 54TH AVE, JOHNSTON, IA 50131-2841
- Principal officer (990 for 2024)
- Mark Hennessey, 8330 NW 54th Avenue, Johnston, IA 50131
- Signed the 990
- Mark Hennessey, CEO
- Phone
- (515) 223-5119
- Website
- www.ineda.com
- Return prepared by
- Forvis Mazars LLP
Mission
THE MISSION OF THE ASSOCIATION IS TO PROMOTE THE GENERAL WELFARE OF ITS DEALER/MEMBERS BY SUPPORTING FAVORABLE LEGISLATION AND PROVIDING VARIOUS PROGRAMS AND SERVICES AT REASONABLE COSTS.
Program accomplishments
- ANNUAL CONVENTION AND SHOW HELD FOR FARM EQUIPMENT DEALER MEMBERS AND THEIR ASSOCIATES. SUPPLIERS PROVIDE DEALERS/MEMBERS WITH INFORMATION ON NEW DEVELOPMENTS AND PRODUCTS IN THE FARM IMPLEMENT, CONSTRUCTION AND INDUSTRIAL EQUIPMENT INDUSTRY.
- ANNUAL DEALER MEETINGS FOR FARM EQUIPMENT DEALER MEMBERS AND THEIR ASSOCIATES. THE ORGANIZATION EDUCATES PARTICIPANTS ON NEW DEVELOPMENTS AND PRODUCTS IN THE FARM, CONSTRUCTION, AND INDUSTRIAL EQUIPMENT INDUSTRY.
- ASSOCIATION HOLDS EDUCATIONAL OPPORTUNITIES WHERE MEMBERS/DEALERS CAN LEARN ABOUT NEW DEVELOPMENTS AND PRODUCTS IN THE FARM IMPLEMENT, CONSTRUCTION AND INDUSTRIAL EQUIPMENT INDUSTRY.
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 42-0332550
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1960
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $12,821,774
- Income (IRS master file)
- $4,023,512
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $3,771,465 | $3,277,924 | $12,821,774 | XML |
| 990 | September 2024 | $3,777,476 | $3,212,255 | $11,447,526 | XML |
| 990 | September 2023 | $3,573,450 | $3,069,664 | $9,522,882 | IRS |
| 990 | September 2022 | – | – | – | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 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 42-0332550).
Questions about IOWA-NEBRASKA FARM EQUIPMENT ASSOCIATION INC
- What is the EIN of IOWA-NEBRASKA FARM EQUIPMENT ASSOCIATION INC?
- The employer identification number (EIN) of IOWA-NEBRASKA FARM EQUIPMENT ASSOCIATION INC is 42-0332550.
- Is IOWA-NEBRASKA FARM EQUIPMENT ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1960.
- Are donations to IOWA-NEBRASKA FARM EQUIPMENT ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does IOWA-NEBRASKA FARM EQUIPMENT ASSOCIATION INC 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-NEBRASKA FARM EQUIPMENT ASSOCIATION INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IOWA-NEBRASKA FARM EQUIPMENT ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of IOWA-NEBRASKA FARM EQUIPMENT ASSOCIATION INC?
- The 990 for the year ended September 30, 2025 names Mark Hennessey.
- Who are the officers and directors of IOWA-NEBRASKA FARM EQUIPMENT ASSOCIATION INC?
- The 990 for the year ended September 30, 2025 lists 14 people; 0 received compensation from the organization.
- How much revenue does IOWA-NEBRASKA FARM EQUIPMENT ASSOCIATION INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $3,771,465, expenses of $3,277,924 and total assets of $12,821,774 at year end.
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