Form 990 for tax year 2022
Filed by IOWA CITY-CORALVILLE CONVENTION AND VISTORS BUREAU.
Totals
- Total revenue
- $1,433,334
- Total expenses
- $1,618,077
- Contributions and grants received
- $1,214,594
- Grants paid
- $447,860
- Program service revenue
- $141,241
- Investment income
- $4,950
- Other revenue
- $72,549
- Total assets, end of year
- $584,354
- Total liabilities, end of year
- $30,503
- Net assets or fund balances, end of year
- $553,851
- Program services expenses (Part IX)
- $1,618,077
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,618,077
Program services were 100.0% 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)
$1,214,594
-
2a · Program service revenue: DESTINATION MARKETING
total $141,241 · related or exempt $141,241
-
3 · Investment income
total $4,950 · excluded $4,950
-
8a · Fundraising events: gross income
$55,617
-
8b · Fundraising events: direct expenses
$118,377
-
8c · Net income from fundraising events
total -$62,760 · excluded -$62,760
-
10a · Gross sales of inventory
$2,038
-
10b · Cost of goods sold
$2,553
-
10c · Net income from sales of inventory
total -$515 · related or exempt -$515
-
11a · Other revenue: MISCELLANEOUS REIMBURS
total $101,718 · related or exempt $101,718
-
11b · Other revenue: VISITOR GUIDE REVENUE
total $34,106 · related or exempt $34,106
-
11e · Other revenue, total
$135,824
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $447,860 · program services $447,860
-
5 · Compensation of officers, directors and key employees
total $153,270 · program services $153,270
-
7 · Other salaries and wages
total $417,113 · program services $417,113
-
8 · Pension plan contributions
total $27,094 · program services $27,094
-
9 · Other employee benefits
total $34,180 · program services $34,180
-
10 · Payroll taxes
total $43,110 · program services $43,110
-
11b · Fees: legal
total $3,019 · program services $3,019
-
11c · Fees: accounting
total $8,436 · program services $8,436
-
13 · Office expenses
total $7,424 · program services $7,424
-
14 · Information technology
total $33,592 · program services $33,592
-
16 · Occupancy
total $20,629 · program services $20,629
-
17 · Travel
total $7,636 · program services $7,636
-
22 · Depreciation, depletion and amortization
total $24,725 · program services $24,725
-
23 · Insurance
total $5,231 · program services $5,231
-
24a · Other expenses: LOCAL PROMOTION
total $123,140 · program services $123,140
-
24b · Other expenses: DESTINATION MARKETING F
total $95,422 · program services $95,422
-
24c · Other expenses: CONVENTION/SPECIAL EVEN
total $93,039 · program services $93,039
-
24d · Other expenses: DUES
total $25,403 · program services $25,403
-
24e · All other expenses
total $47,754 · program services $47,754
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $433,205 · end of year $430,564
-
10a · Land, buildings and equipment: cost or other basis
$736,004
-
10b · Land, buildings and equipment: accumulated depreciation
$582,214
-
10c · Land, buildings and equipment, net
beginning of year $168,015 · end of year $153,790
-
15 · Other assets
beginning of year $137,374 · end of year $0
-
17 · Accounts payable and accrued expenses
end of year $30,503
-
27 · Net assets without donor restrictions
beginning of year $738,594 · end of year $553,851
Mission and programs · 2022
Mission
THE BUREAU IS ORGANIZED FOR THE PURPOSE OF ADVANCING THE ECONOMIC VITALITY AND QUALITY OF LIFE FOR RESIDENTS AND VISITORS AS IOWA'S PREMIER DESTINATION.
-
PROMOTION OF THE IOWA CITY/CORALVILLE AREA AS A SITE FOR CONVENTIONS, TOURISM AND OTHER SPECIAL EVENTS TO ATTRACT VISITORS TO THE COMMUNITY.
Expenses $1,618,077
As filed on the 2022 return.
Listed in Part VII
-
Laura SorideLAURA SORIDE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Peter MatthesPETER MATTHES
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Mitch GrossMITCH GROSS
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Shanti RoundtreeSHANTI ROUNDTREE
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Raquishia HarringtonRAQUISHIA HARRINGTON
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Dale ArensDALE ARENS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brian FlynnBRIAN FLYNN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kelly MurphyKELLY MURPHY
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Royceann PorterROYCEANN PORTER
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 1
-
Bruce TeagueBRUCE TEAGUE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bobby ScottBOBBY SCOTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matt TraetowMATT TRAETOW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Amanda TurnerAMANDA TURNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jake MooreJAKE MOORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff CappsJEFF CAPPS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Josh SchambergerJOSH SCHAMBERGER
PRESIDENT
- Total calculated
- $153,270
- From this org
- $153,270
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $153,270
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $153,270
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
None.
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
-
IOWA CITY AREA SPORTS COMMISSION
$447,860
TO SUPPORT AMATEUR NATIONAL AND INTERNATIONAL SPORTS COMPETITION.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 6 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313129349300716
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