Nonprofit · EIN 42-1472056
IFBF PROPERTY MANAGEMENT INC
Tax-exempt · WDM, IA 50266
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| October 31, 2025 | 990 | $18,259,589 | $11,220,618 | $7,038,971 | $88,479,296 | $3,476,599 | $85,002,697 |
| October 31, 2024 | 990 | $24,419,247 | $9,952,991 | $14,466,256 | $85,555,631 | $9,670,413 | $75,885,218 |
| October 31, 2023 | 990 | $20,623,159 | $9,598,013 | $11,025,146 | $80,828,803 | $14,065,095 | $66,763,708 |
| October 31, 2021 | 990 | $22,293,652 | $8,954,638 | $13,339,014 | $79,758,267 | $21,892,608 | $57,865,659 |
Financial details: 990 for the year ended October 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $15,901,463
- Investment income
- $2,193,384
- Net gain from sales of assets
- $1,869,359
- Other revenue
- $164,742
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $1,940,873
- Salaries, compensation and benefits (total)
- $2,804,238
- Professional fundraising fees
- $0
- Legal fees
- $31,620
- Accounting fees
- $215,132
- Occupancy
- $4,267,458
- Travel
- $59,078
- Depreciation
- $2,067,104
Balance sheet and other
- Total assets, start of year
- $85,555,631
- Total assets, end of year
- $88,479,296
- Total liabilities, end of year
- $3,476,599
- Net assets, end of year
- $85,002,697
- Land, buildings and equipment
- $57,754,461
- Publicly traded securities
- $25,811,712
- Gross receipts
- $20,735,912
- Employees
- 42
- Volunteers
- 0
- Year formed
- 1998
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARTY SCHWAGER | VICE PRESIDENT & SECRETARY Trustee or director, Officer | 2 | $0 | $773,555 | $587,122 |
| JAMES GARDNER | FORMER VICE PRESIDENT OF FINANCE Former | 0 | $0 | $196,249 | $1,029,286 |
| MARK WICKHAM | GENERAL COUNSEL Trustee or director, Officer | 2 | $0 | $712,887 | $138,476 |
| TIMOTHY BIGLEY | VICE PRESIDENT OF FINANCE Trustee or director, Officer | 5 | $0 | $323,241 | $174,445 |
| BRENT JOHNSON | PRESIDENT Trustee or director, Officer | 1 | $0 | $425,264 | $50,465 |
990 for the year ended October 31, 2024: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JAMES GARDNER | FORMER VICE PRESIDENT OF FINANCE Trustee or director, Officer | 5 | $0 | $491,339 | $1,988,551 |
| MARTY SCHWAGER | VICE PRESIDENT & SECRETARY Trustee or director, Officer | 2 | $0 | $731,475 | $364,444 |
| MARK WICKHAM | GENERAL COUNSEL Trustee or director, Officer | 2 | $0 | $592,430 | $71,943 |
| BRENT JOHNSON | PRESIDENT Trustee or director, Officer | 1 | $0 | $375,278 | $40,473 |
| TIMOTHY BIGLEY | VICE PRESIDENT OF FINANCE Trustee or director, Officer | 5 | $0 | $220,929 | $70,048 |
| EDWARD PARKER | FORMER GENERAL COUNSEL Former | 0 | $0 | $113,386 | $10,961 |
990 for the year ended October 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| EDWARD PARKER | FORMER GENERAL COUNSEL Former | 0 | $0 | $2,225,073 | $290,549 |
| MARTY SCHWAGER | VICE PRESIDENT & SECRETARY Trustee or director, Officer | 2 | $0 | $594,854 | $194,875 |
| MARK WICKHAM | GENERAL COUNSEL Trustee or director, Officer | 2 | $0 | $371,950 | $31 |
| BRENT JOHNSON | PRESIDENT Trustee or director, Officer | 1 | $0 | $234,502 | $47,145 |
| CRAIG HILL | FORMER PRESIDENT Former | 0 | $0 | $198,693 | $63 |
| JAMES GARDNER | VICE PRESIDENT OF FINANCE Trustee or director, Officer | 5 | $0 | $447,787 | -$326,929 |
| DUANE JOHNSON | FORMER VICE PRESIDENT & SE Former | 0 | $0 | $77,184 | $12,175 |
990 for the year ended October 31, 2021: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DUANE JOHNSON | FORMER VICE PRESIDENT & SECRETARY Former | 0 | $0 | $541,766 | $1,449,102 |
| EDWARD PARKER | GENERAL COUNSEL Trustee or director, Officer | 2 | $0 | $805,858 | $528,947 |
| JAMES GARDNER | VICE PRESIDENT OF FINANCE Trustee or director, Officer | 5 | $0 | $400,233 | $464,135 |
| CRAIG HILL | PRESIDENT Trustee or director, Officer | 1 | $0 | $523,230 | $223,166 |
| MARTY SCHWAGER | VICE PRESIDENT & SECRETARY Trustee or director, Officer | 2 | $0 | $187,817 | $161,892 |
| STEVE FLUG | FACILITIES MANAGER Highest-paid employee | 50 | $119,630 | $0 | $130,693 |
Address and contacts
- Address (IRS master file)
- 5400 UNIVERSITY AVE, WDM, IA 50266-5950
- In care of
- % JAMES G CHRISTENSON
- Principal officer (990 for 2024)
- MARTY SCHWAGER, 5400 UNIVERSITY AVE, WEST DES MOINES, IA 50266
- Signed the 990
- MARTY SCHWAGER, VP & SECRETARY
- Phone
- (515) 225-5400
- Return prepared by
- MERIWETHER WILSON AND COMPANY PLLC
Mission
A TITLE HOLDING CORPORATION.
Program accomplishments
- BUILDING SERVICES - COLLECTED APPROPRIATE LEASE REVENUE, PAID ORDINARY AND NECESSARY EXPENSES OF OPERATING THE PROPERTY, ALLOWED FOR DEPRECIATION AND TURNED OVER THE EXCESS REVENUE OVER EXPENSES TO ITS EXEMPT PARENT.
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 |
|---|---|---|---|
| 2024 | October 31, 2025 | March 16, 2026 | 990 on file |
| 2023 | October 31, 2024 | March 17, 2025 | 990 on file |
| 2022 | October 31, 2023 | March 15, 2024 | 990 on file |
IRS record
- EIN
- 42-1472056
- Tax-exempt status
- 501(c)(2): Title-holding corporation
- Exempt since
- 1998
- Accounting year ends
- October
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $88,479,296
- Income (IRS master file)
- $20,735,912
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | October 2025 | $18,259,589 | $11,220,618 | $88,479,296 | XML |
| 990 | October 2024 | $24,419,247 | $9,952,991 | $85,555,631 | XML |
| 990 | October 2023 | $20,623,159 | $9,598,013 | $80,828,803 | XML |
| 990 | October 2022 | $18,145,472 | $9,460,918 | $72,856,551 | IRS |
| 990 | October 2021 | $22,293,652 | $8,954,638 | $79,758,267 | XML |
| 990 | October 2020 | – | – | – | IRS |
| 990 | October 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 42-1472056).
Questions about IFBF PROPERTY MANAGEMENT INC
- What is the EIN of IFBF PROPERTY MANAGEMENT INC?
- The employer identification number (EIN) of IFBF PROPERTY MANAGEMENT INC is 42-1472056.
- Is IFBF PROPERTY MANAGEMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(2) since 1998.
- Which annual return does IFBF PROPERTY MANAGEMENT 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 IFBF PROPERTY MANAGEMENT INC 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 IFBF PROPERTY MANAGEMENT INC 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 IFBF PROPERTY MANAGEMENT INC?
- The 990 for the year ended October 31, 2025 names MARTY SCHWAGER.
- Who are the officers and directors of IFBF PROPERTY MANAGEMENT INC?
- The 990 for the year ended October 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does IFBF PROPERTY MANAGEMENT INC have?
- On its 990 for the year ended October 31, 2025 it reported revenue of $18,259,589, expenses of $11,220,618 and total assets of $88,479,296 at year end.
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