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Nonprofiteer
← BURLINGTON WEST BURLINGTON AREA DEVELOPMENT FOUNDATION

Form 990 for tax year 2022

Filed by BURLINGTON WEST BURLINGTON AREA DEVELOPMENT FOUNDATION.

Totals

Total revenue
$124,802
Total expenses
$612,636
Contributions and grants received
$124,778
Grants paid
$347,000
Program service revenue
$0
Investment income
$24
Other revenue
$0
Total assets, end of year
$520,051
Total liabilities, end of year
$5,000
Net assets or fund balances, end of year
$515,051
Program services expenses (Part IX)
$602,969
Management and general expenses
$9,667
Fundraising expenses
$0
Program service expenses (Part III)
$602,969

Program services were 98.4% 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

    $124,778

  • 3 · Investment income

    total $24 · excluded $24

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $347,000 · program services $347,000

  • 11c · Fees: accounting

    total $771 · management and general $771

  • 11g · Fees: other

    total $4,559 · management and general $4,559

  • 13 · Office expenses

    total $4,337 · management and general $4,337

  • 24a · Other expenses: LIGHTSCAPE PROJECT

    total $212,719 · program services $212,719

  • 24b · Other expenses: BAD DEBT

    total $43,250 · program services $43,250

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $410,049 · end of year $258,701

  • 4 · Accounts receivable

    beginning of year $602,836 · end of year $261,350

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,000

  • 25 · Other liabilities

    end of year $5,000

  • 27 · Net assets without donor restrictions

    beginning of year $679,814 · end of year $279,922

  • 28 · Net assets with donor restrictions

    beginning of year $323,071 · end of year $235,129

Mission and programs · 2022

Mission

THE PRIMARY PURPOSE OF THE CORPORATION IS TO RAISE REVENUE AND DEVELOP THE IMAGE OF THE CITY AND COUNTY AND PROMOTE THE DEVELOPMENT OF THE COMMUNITY ON BEHALF OF THE CITIZENS AND RESIDENTS OF BURLINGTON/WEST BURLINGTON AND DES MOINES COUNTY. THE PREPARATION AND DEVELOPMENT OF THE COMMUNITY WILL BE ENHANCED BY EDUCATING THE PUBLIC REGARDING DEVELOPMENT PROJECTS AND OPPORTUNITIES.

Activities or mission (Part I)

THE PRIMARY PURPOSE OF THE CORPORATION IS TO RAISE REVENUE AND DEVELOP THE IMAGE OF THE CITY.

  • RAISE REVENUE AND DEVELOP THE IMAGE OF THE CITY AND COUNTY AND PROMOTE THE DEVELOPMENT OF THE COMMUNITY ON BEHALF OF THE CITIZENS AND RESIDENTS OF BURLINGTON/WEST BURLINGTON AND DES MOINES COUNTY. THE PREPARATION AND DEVELOPMENT OF THE COMMUNITY WILL BE ENHANCED BY EDUCATING THE PUBLIC REGARDING DEVELOPMENT PROJECTS AND OPPORTUNITIES.

    Expenses $602,969 · Grants $347,000

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

Listed in Part VII

  • Marty Bowen

    DIRECTOR

    Total calculated
    $0

  • Jon Hart

    DIRECTOR

    Total calculated
    $0

  • Gary Hoyer

    DIRECTOR

    Total calculated
    $0

  • Brock Ita

    DIRECTOR

    Total calculated
    $0

  • Crystal Jolin

    DIRECTOR

    Total calculated
    $0

  • Stephanie Kozlowski

    CHAIR

    Total calculated
    $0

  • Tim Lundgren

    DIRECTOR

    Total calculated
    $0

  • Mary Beth Sanchez

    TREASURER

    Total calculated
    $0

  • Della Schmidt

    SECRETARY

    Total calculated
    $0

  • Jerry Sherwood

    DIRECTOR

    Total calculated
    $0

  • Matt Shinn

    VICE CHAIR

    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.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
26 May 2023
IRS schema version
2022v5.0
Source object
202312229349301526

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