This is an analysis of equity in Iowa educational leadership from the 1978-1979 school year through 2007-2008, and the extent to which rapidly changing student racial demographics are reflected in the schools. We found that male principals continue to outnumber women 6:1 in rural districts, but in urban schools the rate is closer to 1:1. Female superintendents are now paid statistically the same as men, but women in every other educational position make on average less money than men. The data also reveal that the race of Iowa educators has not shifted to reflect the increasingly racially diverse student body. (Contains 2 tables and 12 figures.)