Ifbf Property Management Inc

Wdm, IA
Tax-exempt since July 1998
EIN: 42-1472056

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Type of Nonprofit

Designated as a 501(c)(2) Corporations created to hold titles for property owned by another nonprofit.

Details

According to its Oct. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$20.6M (2023)

Expenses

$9.6M (2023)

Total Assets

$80.8M (2023)

Total Liabilities

$14.1M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Oct.
2023

Revenue

$20,623,159

Expenses

$9,598,013

Net Income

$11,025,146

Net Assets

$66,763,708

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$14,629,654	70.9%
Investment Income	$287,747	1.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$5,582,261	27.1%
Net Inventory Sales	$0
Other Revenue	$123,497	0.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,766,959	18.4%

Assets/Debt
Total Assets	$80,828,803
Total Liabilities	$14,065,095
Net Assets	$66,763,708

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Brent Johnson (President)	$0	$234,502	$47,145
James Gardner (Vice President Of Finance)	$0	$447,787	-$326,929
Marty Schwager (Vice President & Secretary)	$0	$594,854	$194,875
Mark Wickham (General Counsel)	$0	$371,950	$31
Duane Johnson (Former Vice President & Se)	$0	$77,184	$12,175
Craig Hill (Former President)	$0	$198,693	$63
Edward Parker (Former General Counsel)	$0	$2,225,073	$290,549

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990

Filed on Sept. 13, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Oct.
2022

Revenue

$18,145,472

Expenses

$9,460,918

Net Income

$8,684,554

Net Assets

$61,181,448

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$14,229,851	78.4%
Investment Income	$322,869	1.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$3,219,608	17.7%
Net Inventory Sales	$0
Other Revenue	$373,144	2.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,642,869	17.4%

Assets/Debt
Total Assets	$72,856,551
Total Liabilities	$11,675,103
Net Assets	$61,181,448

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Craig Hill (President (12/21))	$0	$542,271	$92,462
James Gardner (Vice President Of Finance)	$0	$422,786	$225,459
Marty Schwager (Vice President & Secretary)	$0	$348,008	$261,106
Edward Parker (General Counsel (8/22))	$0	$828,538	$345,075
Brent Johnson (President)	$0	$63,266	$0
Mark Wickham (General Counsel)	$0	$260,980	$66,134
Duane Johnson (Former Vice President & Se)	$0	$2,841,208	$680,056

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990

Filed on Sept. 14, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Oct.
2021

Revenue

$22,293,652

Expenses

$8,954,638

Net Income

$13,339,014

Net Assets

$57,865,659

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$13,552,290	60.8%
Investment Income	$273,075	1.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$7,640,218	34.3%
Net Inventory Sales	$0
Other Revenue	$828,069	3.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$250,322	2.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,589,670	17.8%

Assets/Debt
Total Assets	$79,758,267
Total Liabilities	$21,892,608
Net Assets	$57,865,659

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Steve Flug (Facilities Manager)	$119,630	$0	$130,693
Craig Hill (President)	$0	$523,230	$223,166
James Gardner (Vice President Of Finance)	$0	$400,233	$464,135
Marty Schwager (Vice President & Secretary)	$0	$187,817	$161,892
Edward Parker (General Counsel)	$0	$805,858	$528,947
Duane Johnson (Former Vice President & Secretary)	$0	$541,766	$1,449,102

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990

Filed on Sept. 15, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Oct.
2020

Revenue

$20,324,859

Expenses

$8,690,983

Net Income

$11,633,876

Net Assets

$50,225,443

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$13,328,935	65.6%
Investment Income	$277,180	1.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$6,673,779	32.8%
Net Inventory Sales	$0
Other Revenue	$44,965	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$246,007	2.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,489,474	17.1%

Assets/Debt
Total Assets	$66,458,037
Total Liabilities	$16,232,594
Net Assets	$50,225,443

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Steve Flug (Facilities Manager)	$113,713	$0	$132,294
Craig Hill (President)	$0	$540,043	$237,249
James Gardner (Vice President Of Finance)	$0	$374,694	$526,993
Duane Johnson (Vice President & Secretry )	$0	$819,126	$1,120,260
Edward Parker (General Counsel)	$0	$760,861	$549,049

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990

Filed on Sept. 13, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Oct.
2019

Revenue

$20,079,416

Expenses

$8,553,879

Net Income

$11,525,537

Net Assets

$42,956,646

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$12,797,210	63.7%
Investment Income	$323,094	1.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$6,943,029	34.6%
Net Inventory Sales	$0
Other Revenue	$16,083	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,508,809	17.6%

Assets/Debt
Total Assets	$63,530,149
Total Liabilities	$20,573,503
Net Assets	$42,956,646

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Steven Flug (Facilities Manager)	$110,017	$0	$41,437
Craig Hill (President)	$0	$545,538	$101,912
James Gardner (Vice President Of Finance)	$0	$357,181	$17,374
Joe Johnson (Vice President & Secretry )	$0	$477,568	$504,837
Edward Parker (Vice President & General C)	$0	$736,445	$102,918
Denny J Presnall (Vice President & Secretry )	$0	$3,334,478	$17,077

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990

Filed on Aug. 25, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Oct.
2018

Revenue

$16,964,218

Expenses

$7,719,035

Net Income

$9,245,183

Net Assets

$36,014,954

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$12,419,071	73.2%
Investment Income	$382,371	2.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$4,094,653	24.1%
Net Inventory Sales	$0
Other Revenue	$68,123	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,418,169	18.4%

Assets/Debt
Total Assets	$59,539,487
Total Liabilities	$23,524,533
Net Assets	$36,014,954

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Oct.
2017

Revenue

$14,807,659

Expenses

$7,253,544

Net Income

$7,554,115

Net Assets

$31,920,301

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$12,439,690	84.0%
Investment Income	$313,996	2.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,614,989	10.9%
Net Inventory Sales	$0
Other Revenue	$438,984	3.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,285,608	17.7%

Assets/Debt
Total Assets	$55,431,358
Total Liabilities	$23,511,057
Net Assets	$31,920,301

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Oct.
2016

Revenue

$12,964,410

Expenses

$7,218,195

Net Income

$5,746,215

Net Assets

$24,181,513

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$12,353,883	95.3%
Investment Income	$307,676	2.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$297,621	2.3%
Net Inventory Sales	$0
Other Revenue	$5,230	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,204,254	16.7%

Assets/Debt
Total Assets	$46,617,846
Total Liabilities	$22,436,333
Net Assets	$24,181,513

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Oct.
2015

Revenue

$12,852,520

Expenses

$5,926,962

Net Income

$6,925,558

Net Assets

$24,181,513

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$11,781,571	91.7%
Investment Income	$326,749	2.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$726,216	5.7%
Net Inventory Sales	$0
Other Revenue	$17,984	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,166,467	19.7%

Assets/Debt
Total Assets	$45,165,636
Total Liabilities	$20,984,123
Net Assets	$24,181,513

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Oct.
2014

Revenue

$14,606,861

Expenses

$6,881,598

Net Income

$7,725,263

Net Assets

$24,181,513

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$11,993,286	82.1%
Investment Income	$279,281	1.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$2,334,151	16.0%
Net Inventory Sales	$0
Other Revenue	$143	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,056,305	15.3%

Assets/Debt
Total Assets	$45,314,406
Total Liabilities	$21,132,893
Net Assets	$24,181,513

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Oct.
2013

Revenue

$12,184,615

Expenses

$6,459,449

Net Income

$5,725,166

Net Assets

$24,181,513

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$11,779,141	96.7%
Investment Income	$314,977	2.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$89,904	0.7%
Net Inventory Sales	$0
Other Revenue	$593	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,021,346	15.8%

Assets/Debt
Total Assets	$42,187,655
Total Liabilities	$18,006,142
Net Assets	$24,181,513

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Oct.
2012

Revenue

$12,080,316

Expenses

$6,862,803

Net Income

$5,217,513

Net Assets

$24,181,513

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$11,502,456	95.2%
Investment Income	$236,897	2.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$340,963	2.8%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$968,253	14.1%

Assets/Debt
Total Assets	$35,733,830
Total Liabilities	$11,552,317
Net Assets	$24,181,513

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Oct.
2011

Revenue

$12,266,622

Expenses

$6,395,921

Net Income

$5,870,701

Net Assets

$24,181,513

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$12,012,913	97.9%
Investment Income	$188,124	1.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$65,585	0.5%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$914,917	14.3%

Assets/Debt
Total Assets	$32,819,941
Total Liabilities	$8,638,428
Net Assets	$24,181,513

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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Updated October 30, 2024

Ifbf Property Management Inc

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $20.6M (2023)

Expenses $9.6M (2023)

Total Assets $80.8M (2023)

Total Liabilities $14.1M (2023)

Tax Filings by Year

Fiscal Year Ending Oct. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Oct. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Oct. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Oct. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Oct. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Oct. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Oct. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Oct. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Oct. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Oct. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Oct. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Oct. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Revenue

$20.6M (2023)

Expenses

$9.6M (2023)

Total Assets

$80.8M (2023)

Total Liabilities

$14.1M (2023)

Fiscal Year Ending Oct.
2023

Fiscal Year Ending Oct.
2022

Fiscal Year Ending Oct.
2021

Fiscal Year Ending Oct.
2020

Fiscal Year Ending Oct.
2019

Fiscal Year Ending Oct.
2018

Fiscal Year Ending Oct.
2017

Fiscal Year Ending Oct.
2016

Fiscal Year Ending Oct.
2015

Fiscal Year Ending Oct.
2014

Fiscal Year Ending Oct.
2013

Fiscal Year Ending Oct.
2012

Fiscal Year Ending Oct.
2011

Fiscal Year Ending Oct.
2010

Fiscal Year Ending Oct.
2009

Fiscal Year Ending Oct.
2008

Fiscal Year Ending Oct.
2007

Fiscal Year Ending Oct.
2006

Fiscal Year Ending Oct.
2005

Fiscal Year Ending Oct.
2004