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Nonprofiteer
← NEW ROCKFORD AREA BETTERMENT CORPORATION

Form 990 for tax year 2022

Filed by NEW ROCKFORD AREA BETTERMENT CORPORATION.

Totals

Total revenue
$162,138
Total expenses
$198,739
Contributions and grants received
$138,698
Grants paid
$0
Program service revenue
$19,776
Investment income
$1,264
Other revenue
$2,400
Total assets, end of year
$1,282,473
Total liabilities, end of year
$354,384
Net assets or fund balances, end of year
$928,089
Program services expenses (Part IX)
$198,739
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$198,739

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)

    $2,500

  • 1f · All other contributions, gifts and grants

    $136,198

  • 2a · Program service revenue: COMMUNITY BOWLING ALLE

    total $14,400 · related or exempt $14,400

  • 2b · Program service revenue: COMMUNITY SWIMMING POO

    total $4,148 · related or exempt $4,148

  • 2c · Program service revenue: COMMUNITY CHILDCARE CE

    total $700 · related or exempt $700

  • 2d · Program service revenue: COMMUNITY THEATER INCO

    total $528 · related or exempt $528

  • 3 · Investment income

    total $1,264 · related or exempt $1,264

  • 6a · Gross rents

    personal property $2,400

  • 6b · Less rental expenses

    personal property $0

  • 6c · Rental income or loss

    personal property $2,400

  • 6d · Net rental income or loss

    total $2,400 · related or exempt $2,400

Functional expenses

Part IX, the statement of functional expenses.

  • 6 · Compensation of disqualified persons

    total $57,762 · program services $57,762

  • 9 · Other employee benefits

    total $2,022 · program services $2,022

  • 10 · Payroll taxes

    total $3,996 · program services $3,996

  • 11b · Fees: legal

    total $1,217 · program services $1,217

  • 11c · Fees: accounting

    total $3,890 · program services $3,890

  • 12 · Advertising and promotion

    total $537 · program services $537

  • 13 · Office expenses

    total $2,496 · program services $2,496

  • 16 · Occupancy

    total $6,714 · program services $6,714

  • 17 · Travel

    total $811 · program services $811

  • 20 · Interest

    total $1,411 · program services $1,411

  • 22 · Depreciation, depletion and amortization

    total $96,264 · program services $96,264

  • 23 · Insurance

    total $5,620 · program services $5,620

  • 24a · Other expenses: COMMUNITY IMPROVEMENT P

    total $6,486 · program services $6,486

  • 24b · Other expenses: BOWLING ALLEY EXPENSES

    total $3,348 · program services $3,348

  • 24c · Other expenses: DANCE CAMP

    total $2,637 · program services $2,637

  • 24d · Other expenses: CUSTOM HIRE

    total $1,360 · program services $1,360

  • 24e · All other expenses

    total $2,168 · program services $2,168

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $149,343 · end of year $321,765

  • 2 · Savings and temporary cash investments

    beginning of year $411,362 · end of year $219,254

  • 4 · Accounts receivable

    beginning of year $232 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $174,624 · end of year $271,968

  • 8 · Inventories for sale or use

    beginning of year $500 · end of year $500

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

    $667,032

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

    $275,541

  • 10c · Land, buildings and equipment, net

    beginning of year $448,827 · end of year $391,491

  • 15 · Other assets

    beginning of year $77,527 · end of year $77,495

  • 17 · Accounts payable and accrued expenses

    beginning of year $459 · end of year $868

  • 23 · Secured mortgages and notes payable

    beginning of year $297,266 · end of year $353,516

  • 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 $486,204 · end of year $486,204

  • 31 · Retained earnings, endowment or other funds

    beginning of year $478,486 · end of year $441,885

Mission and programs · 2022

Mission

THE NEW ROCKFORD AREA BETTERMENT ORGANIZATION IS MEANT TO PROVIDE THE PEOPLE OF NEW ROCKFORD AND SURROUNDING AREAS - PROGRAMS, EVENTS,PROJECTS AND FACILITIES THAT WILL INCREASE THE HEALTH AND WELL BEING OF BOTH THE COMMUNITY AND THE RESIDENTS THAT LIVE THERE.

Activities or mission (Part I)

THE MISSION OF THE NRABC IS TO PROVIDE COMMUNITY BETTERMENT PROJECTS AND FACILITIES TO HELP FACILITATE THE GROWTH AND SUSTAIN THE OVERALL WELL-BEING OF THE COMMUNITY THEY SERVE.

  • OPERATE SEVERAL COMMUNITY BETTERMENT PROJECTS

    Expenses $93,864 · Revenue $1,914

  • THE NRABC OVERSEES THE NEW ROCKFORD MOVIE THEATER WHICH PROVIDES BETTERMENT TO THE COMMUNITY BY ALLOWING RESIDENTS TO HAVE A PLACE TO GO FOR PERSONAL ENTERTAINMENT AND SATISFACTION.

    Expenses $13,050 · Revenue $2,928

  • THE NRABC ALSO OVERSEES THE COMMUNITY BOWLING ALLEY AND SWIMMING POOL WHICH PROVIDES COMMUNITY BETTERMENT BY ALLOWING RESIDENTS TO HAVE A PLACE TO WORK ON PHYSICALL FITNESS THAT ALLOWS PEOPLE TO LIVE A HEALTHIER AND HOPEFULLY LONGER LIFE.

    Expenses $91,825 · Revenue $18,598

As filed on the 2022 return.

Listed in Part VII

  • Melinda Martin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stuart Richter

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jim Belquist

    TREASURER

    Total calculated
    $0
    Hours/week
    10

  • Kerri Allmaras

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Amy Ellingson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dillion Hewitt

    CITY COMMISSION REPR.

    Total calculated
    $0
    Hours/week
    1

  • Jill Louters

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Yri

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Kenny Thompson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amanda Hegland

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jackie Engels

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chelsey Zeltinger

    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
2022
Filed
8 May 2023
IRS schema version
2022v5.0
Source object
202311519349300616

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