Totals
- Total revenue
- $873,148
- Total expenses
- $643,415
- Contributions and grants received
- $646,103
- Grants paid
- $0
- Program service revenue
- $13,550
- Investment income
- $198,987
- Other revenue
- $14,508
- Total assets, end of year
- $2,441,896
- Total liabilities, end of year
- $325,769
- Net assets or fund balances, end of year
- $2,116,127
- Program services expenses (Part IX)
- $494,939
- Management and general expenses
- $148,476
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $494,939
Program services were 76.9% 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.
-
1d · Related organizations
$165,000
-
1f · All other contributions, gifts and grants
$481,103
-
2a · Program service revenue: COMMUNITY DEVELOPMENT PROGRAM
total $13,550 · related or exempt $13,550
-
3 · Investment income
total $9,285 · related or exempt $9,285
-
6a · Gross rents
real property $34,002
-
6b · Less rental expenses
real property $19,494
-
6c · Rental income or loss
real property $14,508
-
6d · Net rental income or loss
total $14,508 · related or exempt $14,508
-
7a · Gross sales of assets other than inventory
securities $340,675
-
7b · Less cost or other basis and sales expenses
securities $150,973
-
7c · Gain or loss
securities $189,702
-
7d · Net gain or loss
total $189,702 · related or exempt $189,702
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $155,554 · program services $67,265 · management and general $88,289
-
7 · Other salaries and wages
total $224,162 · program services $212,456 · management and general $11,706
-
9 · Other employee benefits
total $43,804 · program services $38,181 · management and general $5,623
-
10 · Payroll taxes
total $27,695 · program services $20,788 · management and general $6,907
-
11g · Fees: other
total $17,441 · management and general $17,441
-
12 · Advertising and promotion
total $14,155 · program services $14,155
-
13 · Office expenses
total $6,270 · program services $5,018 · management and general $1,252
-
14 · Information technology
total $16,854 · program services $13,490 · management and general $3,364
-
16 · Occupancy
total $45,821 · program services $36,677 · management and general $9,144
-
19 · Conferences, conventions and meetings
total $6,937 · program services $5,207 · management and general $1,730
-
22 · Depreciation, depletion and amortization
total $4,345 · program services $3,476 · management and general $869
-
23 · Insurance
total $3,018 · program services $2,416 · management and general $602
-
24a · Other expenses: SPECIAL FUNDS & COMMITTEE
total $35,553 · program services $35,553
-
24b · Other expenses: COMMUNITY INVESTMENTS
total $34,705 · program services $34,705
-
24c · Other expenses: DUES
total $3,933 · program services $3,148 · management and general $785
-
24d · Other expenses: PROFESSIONAL DEVELOPMENT
total $2,644 · program services $1,985 · management and general $659
-
24e · All other expenses
total $524 · program services $419 · management and general $105
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $1,096,032 · end of year $887,256
-
4 · Accounts receivable
beginning of year $2,635 · end of year $38,634
-
7 · Other notes and loans receivable
beginning of year $55,180 · end of year $226,123
-
9 · Prepaid expenses and deferred charges
beginning of year $11,485
-
10a · Land, buildings and equipment: cost or other basis
$45,783
-
10b · Land, buildings and equipment: accumulated depreciation
$21,270
-
10c · Land, buildings and equipment, net
beginning of year $28,858 · end of year $24,513
-
15 · Other assets
beginning of year $1,086,343 · end of year $1,265,370
-
17 · Accounts payable and accrued expenses
beginning of year $22,893 · end of year $25,083
-
19 · Deferred revenue
beginning of year $400 · end of year $3,050
-
25 · Other liabilities
beginning of year $430,846 · end of year $297,636
-
27 · Net assets without donor restrictions
beginning of year $1,826,394 · end of year $2,116,127
Mission and programs · 2023
Mission
THE MISSION OF THIS ORGANIZATION IS THE PROMOTION OF THE SOCIAL WELFARE OF THE CITIES OF BURLINGTON AND WEST BURLINGTON AND SURROUNDING AREAS BY ATTRACTING INDUSTRIES AND ENCOURAGING EXISTING INDUSTRIES TO EXPAND, AND THE PROMOTION OF OTHER ECONOMIC DEVELOPMENT THEREBY CREATING INCREASED EMPLOYMENT AND ECONOMIC OPPORTUNITIES.
Activities or mission (Part I)
TO PROMOTE THE SOCIAL WELFARE IN DES MOINES COUNTY BY ATTRACTING AND RETAINING BUSINESSES AND INCREASING EMPLOYMENT OPPORTUNITIES
-
ATTRACTING NEW INDUSTRY TO THE COMMUNITY AS WELL AS ENCOURAGING EXPANSION OF EXISTING INDUSTRY IN THE COMMUNITY THROUGH WORKFORCE DEVELOPMENT PROGRAMMING AND COMMUNITY ENHANCEMENT.
Expenses $494,939 · Revenue $13,550
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Della SchmidtDELLA SCHMIDT
PRESIDENT
- Total calculated
- $175,444
- From this org
- $111,093
- From related orgs
- $47,611
- Other
- $16,740
- Hours/week
- 28 + 12 related
Schedule J breakdown matched by us
- Base
- $105,878 + $45,376 related
- Bonus
- $5,215 + $2,235 related
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $11,718 + $5,022 related
- Filer's total
- $122,811 + $52,633 related
-
Mary Beth SanchezMARY BETH SANCHEZ
CFO
- Total calculated
- $69,479
- From this org
- $17,273
- From related orgs
- $41,706
- Other
- $10,500
- Hours/week
- 14 + 26 related
-
Eric BenneERIC BENNE
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Bob HuffmanBOB HUFFMAN
CHAIR ELECT
- Total calculated
- $0
- Hours/week
- 1
-
Tina McCullochTINA MCCULLOCH
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Charlie WalshCHARLIE WALSH
FORMER CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Chris SmithCHRIS SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bryan BrossBRYAN BROSS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sue SorensonSUE SORENSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike McCoyMIKE MCCOY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brock ItaBROCK ITA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael AshMICHAEL ASH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Braden ManningBRADEN MANNING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gary HoyerGARY HOYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Christine PlunkettCHRISTINE PLUNKETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kevin MuellerKEVIN MUELLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Paul ZauggPAUL ZAUGG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ryan NagrockiRYAN NAGROCKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tom Peterson Left 2023TOM PETERSON LEFT 2023
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Amy O'BrienAMY O'BRIEN
PRESIDENT
- Total calculated
- $0
-
Crystal JolinCRYSTAL JOLIN
CFO
- Total calculated
- $0
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
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
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.
-
501C6 · BUS. DEV. · IA
-
BWB AREA DEVELOPMENT FOUNDATION
501C3 · COMM. DEV. · IA
-
501C6 · DT REVITAL · IA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202413199349304481
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