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Nonprofiteer
← CEDAR RAPIDS METRO ECONOMIC ALLIANCE

Form 990 for tax year 2022

Filed by CEDAR RAPIDS METRO ECONOMIC ALLIANCE.

Totals

Total revenue
$3,874,891
Total expenses
$4,133,906
Contributions and grants received
$100,944
Grants paid
$70,000
Program service revenue
$3,683,694
Investment income
$27,146
Other revenue
$63,107
Total assets, end of year
$6,290,012
Total liabilities, end of year
$3,425,040
Net assets or fund balances, end of year
$2,864,972
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Listed in Part VII

  • BUSE TATUM

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • EKBERG HUGH

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • PARMLEY ANNE

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • GLEW NICK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KLEIN JAMES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MONGA PANKAJ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • POMERANZ JEFF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SUNDBERG LORI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • THEONY MARK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TYLER CHARITY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WHEELER CHIRS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NEUMANN DOUGLAS

    PRESIDENT/CEO

    Total calculated
    $214,045
    From this org
    $195,369
    From related orgs
    $0
    Other
    $18,676
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $187,469
    Bonus
    $0
    Other
    $7,900
    Deferred
    $7,471
    Nontaxable benefits
    $11,205
    Filer's total
    $214,045

  • WHEELER AUDREY

    ASSISTANT SECRETARY

    Total calculated
    $115,773
    From this org
    $110,130
    From related orgs
    $0
    Other
    $5,643
    Hours/week
    40

  • CORBETT RON

    VP OF ECONOMIC DEVELOPMENT

    Total calculated
    $206,396
    From this org
    $188,996
    From related orgs
    $0
    Other
    $17,400
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,996
    Bonus
    $32,000
    Other
    $0
    Deferred
    $7,248
    Nontaxable benefits
    $10,152
    Filer's total
    $206,396

  • WASTA PHIL

    MEDICAL SSMID MANAGER

    Total calculated
    $132,949
    From this org
    $115,791
    From related orgs
    $0
    Other
    $17,158
    Hours/week
    40

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 · Written employment contract
  • 3 · Compensation survey or study
  • 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

The filer's explanations (Part III)

PART I, LINE 1A
THE ALLIANCE PAID COUNTRY CLUB DUES ON BEHALF OF DOUGLAS NEUMANN, PRESIDENT/CEO. FOR 2022 THE TOTAL PAID WAS $7,900. THE PAYMENT FOR CLUB DUES IS DEEMED TO BE FOR BUSINESS USE AND IS REPORTED AS A NONTAXABLE BENEFIT IN OTHER COMPENSATION ON FORM 990, PART VII, COLUMN (F) AND SCHEDULE J, PART II, COLUMN (D).

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

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
27 June 2023
IRS schema version
2022v5.0
Source object
202341809349301464

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