Welcome to your daily briefing on nonprofit developments in Iowa. Today we're covering 6 key stories including updates on iowa nonprofit headlines, background & context. Let's dive in.
3 stories
Iowa American Water has announced the launch of the American Water Charitable Foundation's 2026 Water and Environment Grant Program.
Iowa nonprofit professionals focused on environmental and water-related missions now have a new funding opportunity to support their programs and operations.
The Iowa Grants Guide, maintained by the LAWINRC, is a searchable database of more than 500 funders based in Iowa or with an Iowa connection.
Iowa nonprofit professionals can quickly identify relevant funding opportunities using filters by funder name and advanced search options tailored to their needs.
The Iowa Department of Education maintains a listing of competitive grant and funding opportunities available to education partners, excluding individual students.
IA nonprofit professionals supporting educational initiatives can identify relevant funding streams to sustain or expand their programs.
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3 stories
Private inurement is benefit flowing to insiders (officers, directors, key employees); it is an absolute prohibition. Private benefit is benefit to outsiders that is more than incidental to the exempt purpose; it is a question of degree. Both can revoke exemption, but the legal analysis differs.
Insider transactions trigger automatic intermediate sanctions even when the exemption survives. Outsider benefit triggers a facts-and-circumstances analysis. Distinguishing them shapes the defense.
The streamlined Form 1023-EZ is available only to organizations meeting specific limits on projected revenue, assets, and activity types. Filing 1023-EZ when ineligible produces a determination that is technically valid but vulnerable to retroactive revocation if discovered. The full 1023 is harder to file but harder to challenge.
Loss of exemption is retroactive to the original determination, exposing the organization to back-tax liability. The eligibility checklist is the only protection.
The IRS-recommended COI policy requires (1) annual disclosure by all directors and key employees, (2) a process for review of any disclosed conflict, (3) recusal procedures, and (4) documentation in board minutes. Policies that have only the disclosure form without the review and recusal process do not satisfy the recommendation.
A weak COI policy is a Schedule L disclosure waiting to happen, and Schedule L disclosures correlate with future IRS examination selection.
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