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← IOWA YOUTH ATHLETIC FOUNDATION

Form 990 for tax year 2022

Filed by IOWA YOUTH ATHLETIC FOUNDATION.

Totals

Total revenue
$2,841,597
Total expenses
$2,402,432
Contributions and grants received
$150,190
Grants paid
$17,800
Program service revenue
$2,622,031
Investment income
$17,066
Other revenue
$52,310
Total assets, end of year
$6,064,563
Total liabilities, end of year
$4,567,443
Net assets or fund balances, end of year
$1,497,120
Program services expenses (Part IX)
$2,402,432
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$2,402,432

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.

  • 1f · All other contributions, gifts and grants

    $150,190

  • 2a · Program service revenue: BASKETBALL TOURNAMENT

    total $1,220,053 · related or exempt $1,220,053

  • 2b · Program service revenue: BASKETBALL PROGRAM FEE

    total $1,187,515 · related or exempt $1,187,515

  • 2c · Program service revenue: BASKETBALL UNIFORM FEE

    total $119,756 · related or exempt $119,756

  • 2d · Program service revenue: FIELDHOUSE CLOTHING

    total $53,491 · related or exempt $53,491

  • 2e · Program service revenue: BASKETBALL CONCESSIONS

    total $37,716 · related or exempt $37,716

  • 2f · All other program service revenue

    total $3,500 · related or exempt $3,500

  • 3 · Investment income

    total $17,066 · excluded $17,066

  • 11a · Other revenue: HOTEL COMMISSIONS

    total $52,310 · related or exempt $52,310

  • 11e · Other revenue, total

    $52,310

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,000 · program services $2,000

  • 2 · Grants to domestic individuals

    total $15,800 · program services $15,800

  • 16 · Occupancy

    total $237,655 · program services $237,655

  • 17 · Travel

    total $264,817 · program services $264,817

  • 20 · Interest

    total $134,304 · program services $134,304

  • 22 · Depreciation, depletion and amortization

    total $144,531 · program services $144,531

  • 23 · Insurance

    total $18,219 · program services $18,219

  • 24a · Other expenses: HOSTED TOURNAMENT EXPEN

    total $701,019 · program services $701,019

  • 24b · Other expenses: CONTRACT LABOR

    total $488,044 · program services $488,044

  • 24c · Other expenses: UNIFORMS

    total $238,146 · program services $238,146

  • 24d · Other expenses: TOURNAMENT ENTRY FEES

    total $73,974 · program services $73,974

  • 24e · All other expenses

    total $83,923 · program services $83,923

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $478,120 · end of year $892,334

  • 8 · Inventories for sale or use

    end of year $22,180

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

    $7,012,045

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,863,596

  • 10c · Land, buildings and equipment, net

    beginning of year $5,292,065 · end of year $5,148,449

  • 14 · Intangible assets

    beginning of year $2,515 · end of year $1,600

  • 23 · Secured mortgages and notes payable

    beginning of year $4,714,745 · end of year $4,567,443

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,057,955 · end of year $1,497,120

Mission and programs · 2022

Mission

RUNNING YOUTH BASKETBALL PROGRAMS.

  • YOUTH BASKETBALL PROGRAMS

    Expenses $2,402,432 · Grants $17,800 · Revenue $2,674,341

As filed on the 2022 return.

Listed in Part VII

  • Dickson D Jensen

    PRESIDENT, VP, SEC. & TREA

    Total calculated
    $24,417
    From this org
    $0
    From related orgs
    $23,851
    Other
    $566
    Hours/week
    10

  • Blake Z Jensen

    DIRECTOR

    Total calculated
    $123,600
    From this org
    $0
    From related orgs
    $120,000
    Other
    $3,600
    Hours/week
    30

  • Luann C Jensen

    DIRECTOR

    Total calculated
    $18,989
    From this org
    $0
    From related orgs
    $18,436
    Other
    $553
    Hours/week
    5

  • Alyssa Obermeier

    DIRECTOR

    Total calculated
    $9,000
    From this org
    $9,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

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.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • JPM INC

    S · PROPERTY MANAGEMENT · IA

  • JENSEN DEVELOPMENT CORPORATION

    S · REAL ESTATE RENTALS · IA

Provenance

Return type
form_990
Tax year
2022
Filed
18 September 2023
IRS schema version
2022v5.0
Source object
202322619349301557

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