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Nonprofiteer
← PROMOTE IOWA CITY AREA INC

Form 990 for tax year 2024

Filed by PROMOTE IOWA CITY AREA INC.

Totals

Total revenue
$945,708
Total expenses
$973,165
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$932,765
Investment income
$12,943
Other revenue
$0
Total assets, end of year
$614,876
Total liabilities, end of year
$5,762
Net assets or fund balances, end of year
$609,114
Program services expenses (Part IX)
$925,880
Management and general expenses
$47,285
Fundraising expenses
$0
Program service expenses (Part III)
$925,880

Program services were 95.1% 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.

  • 2a · Program service revenue: DESTINATION MARKETING

    total $932,765 · related or exempt $932,765

  • 3 · Investment income

    total $12,943 · excluded $12,943

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $47,285 · management and general $47,285

  • 12 · Advertising and promotion

    total $660,445 · program services $660,445

  • 24a · Other expenses: SPONSORSHIPS

    total $265,435 · program services $265,435

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $201,914 · end of year $166,726

  • 2 · Savings and temporary cash investments

    beginning of year $220,245 · end of year $353,809

  • 4 · Accounts receivable

    beginning of year $274,169 · end of year $94,341

  • 17 · Accounts payable and accrued expenses

    beginning of year $59,755 · end of year $5,762

  • 27 · Net assets without donor restrictions

    beginning of year $636,573 · end of year $609,114

Mission and programs · 2024

Mission

SEE SCHEDULE O.

  • PROMOTION AND FUNDING OF TOURISM RELATED BRANDING AND ADVERTISING.

    Expenses $925,880 · Revenue $932,765

As filed on the 2024 return.

Listed in Part VII

  • Jordan Locke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Chad Pitlik

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Chris Gurrie

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Nick Kaeding

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Kelly Murphy

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Kevin Olson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Josh Schamberger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Sopan Patel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Rajan Bhatt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Monica Nieves

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Debbie Bullion

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jenna Smalley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jason Lucky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Angela Corey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Matt Traetow

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Allison Hoflen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tasha Tatara

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Brittney Hagen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Meghan Foster

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jordan Freese

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Heather Raver

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Crystal Hansel

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Sal Martinez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Christopher Hummons

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Liz Holiday

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

Provenance

Return type
form_990
Tax year
2024
Filed
8 May 2025
IRS schema version
2024v5.1
Source object
202511339349301516

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