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Nonprofiteer
← SIOUXLAND INITIATIVE

Form 990 for tax year 2022

Filed by SIOUXLAND INITIATIVE.

Totals

Total revenue
$554,220
Total expenses
$680,272
Contributions and grants received
$524,495
Grants paid
$0
Program service revenue
$0
Investment income
$22,802
Other revenue
$6,923
Total assets, end of year
$1,772,422
Total liabilities, end of year
$425,721
Net assets or fund balances, end of year
$1,346,701
Program services expenses (Part IX)
$197,781
Management and general expenses
$482,491
Fundraising expenses
$0
Program service expenses (Part III)
$197,781

Program services were 29.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $85,000

  • 1f · All other contributions, gifts and grants

    $439,495

  • 3 · Investment income

    total $22,802 · unrelated business $0 · excluded $22,802

  • 6a · Gross rents

    real property $6,923

  • 6c · Rental income or loss

    real property $6,923

  • 6d · Net rental income or loss

    total $6,923 · excluded $6,923

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $225,460 · program services $0 · management and general $225,460 · fundraising $0

  • 7 · Other salaries and wages

    total $74,597 · program services $0 · management and general $74,597 · fundraising $0

  • 8 · Pension plan contributions

    total $21,562 · program services $0 · management and general $21,562 · fundraising $0

  • 9 · Other employee benefits

    total $43,267 · program services $0 · management and general $43,267 · fundraising $0

  • 10 · Payroll taxes

    total $19,906 · program services $0 · management and general $19,906 · fundraising $0

  • 11b · Fees: legal

    total $2,356 · program services $0 · management and general $2,356 · fundraising $0

  • 11c · Fees: accounting

    total $6,670 · program services $0 · management and general $6,670 · fundraising $0

  • 11g · Fees: other

    total $1,161 · program services $0 · management and general $1,161 · fundraising $0

  • 12 · Advertising and promotion

    total $13,793 · program services $13,793 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $15,384 · program services $0 · management and general $15,384 · fundraising $0

  • 16 · Occupancy

    total $34,116 · program services $0 · management and general $34,116 · fundraising $0

  • 17 · Travel

    total $1,790 · program services $0 · management and general $1,790 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $6,583 · program services $0 · management and general $6,583 · fundraising $0

  • 23 · Insurance

    total $4,547 · program services $0 · management and general $4,547 · fundraising $0

  • 24a · Other expenses: SPECIAL STUDIES & DEVELOPMENTS

    total $153,604 · program services $153,604 · management and general $0 · fundraising $0

  • 24b · Other expenses: PUBLIC RELATIONS

    total $29,144 · program services $29,144 · management and general $0 · fundraising $0

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $6,596 · program services $0 · management and general $6,596 · fundraising $0

  • 24d · Other expenses: BUILDING & GROUNDS MAINTENANCE

    total $11,676 · program services $0 · management and general $11,676 · fundraising $0

  • 24e · All other expenses

    total $8,060 · program services $1,240 · management and general $6,820 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,104,739 · end of year $962,130

  • 3 · Pledges and grants receivable

    beginning of year $15,000 · end of year $25,000

  • 10a · Land, buildings and equipment: cost or other basis

    $785,292

  • 10c · Land, buildings and equipment, net

    end of year $785,292

  • 11 · Investments: publicly traded securities

    beginning of year $739,947

  • 17 · Accounts payable and accrued expenses

    beginning of year $84,859 · end of year $92,256

  • 18 · Grants payable

    beginning of year $287,074 · end of year $308,465

  • 19 · Deferred revenue

    beginning of year $15,000 · end of year $25,000

  • 27 · Net assets without donor restrictions

    beginning of year $706,153 · end of year $1,346,701

  • 28 · Net assets with donor restrictions

    beginning of year $766,600

Mission and programs · 2022

Mission

TO PROMOTE ECONOMIC GROWTH IN THE TRI-STATE SIOUXLAND AREA

  • EXPANSION & RETENTION OF EXISTING BUSINESSES BY IDENTIFYING CURRENT NEEDS AND OFFERING TECHNICAL, MANAGERIAL, AND FINANCIAL ASSISTANCE.

    Expenses $29,349

  • NEW BUSINESS ATTRACTION - RESEARCH AND SOLICITATION OF NEW BUSINESSES TO PROVIDE NEW JOBS AND ECONOMIC GROWTH.

    Expenses $13,565

  • COMMUNITY IMAGE ENHANCEMENT - PROMOTE SIOUXLAND COMMUNITY IMAGE AS A TOOL TO ENCOURAGE ECONOMIC GROWTH.

    Expenses $153,627

  • WORKFORCE SOLUTIONS - TO HELP SUPPORT THE TALENT RECRUITMENT EFFORTS OF INDIVIDUAL BUSINESSES.

  • SMALL BUSINESS DEVELOPMENT - PROVIDE SMALL BUSINESS NETWORKING AND PROMOTION OF CONTINUED INVESTOR RELATIONS TO DEVELOP AND EXPAND NEW BUSINESS OPPORTUNITIES IN THE LOCAL AREA.

    Expenses $1,240

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Christopher McGowan

    PRESIDENT

    Total calculated
    $386,601
    From this org
    $0
    From related orgs
    $331,530
    Other
    $55,071
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $331,530 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $15,117 related
    Nontaxable benefits
    $0 + $39,954 related
    Filer's total
    $0 + $386,601 related

  • Barbara Sloniker

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $175,370
    From this org
    $0
    From related orgs
    $147,287
    Other
    $28,083
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $147,287 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,854 related
    Nontaxable benefits
    $0 + $20,229 related
    Filer's total
    $0 + $175,370 related

  • Lance Morgan

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Kevin McManamy

    VICE-CHAIR/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • John Gleeson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jim Jensen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kathryn Kunert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Regina Roth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Doug Rice

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Skip Perley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rob Everist

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Struck

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Wells

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nolan Lubarski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
18 December 2023
IRS schema version
2022v5.0
Source object
202410279349300211

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