Form 990 for tax year 2022
Filed by IOWA CITY AREA DEVELOPMENT GROUP INC.
Totals
- Total revenue
- $1,446,942
- Total expenses
- $1,431,784
- Contributions and grants received
- $1,122,799
- Grants paid
- $0
- Program service revenue
- $320,510
- Investment income
- $1,756
- Other revenue
- $1,877
- Total assets, end of year
- $919,520
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $919,520
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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)
$268,152
-
1f · All other contributions, gifts and grants
$854,647
-
2a · Program service revenue: RENTAL INCOME
total $233,056 · related or exempt $233,056
-
2b · Program service revenue: PROJECT BETTER TOGETHE
total $54,534 · related or exempt $54,534
-
2c · Program service revenue: PROGRAM EVENTS
total $17,470 · related or exempt $17,470
-
2d · Program service revenue: THINK IC BIKE MARKETIN
total $9,375 · related or exempt $9,375
-
2e · Program service revenue: ANNUAL MEETING
total $6,075 · related or exempt $6,075
-
3 · Investment income
total $1,756 · excluded $1,756
-
11a · Other revenue: MISCELLANEOUS
total $1,877 · related or exempt $1,877
-
11e · Other revenue, total
$1,877
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $255,335
-
7 · Other salaries and wages
total $353,812
-
9 · Other employee benefits
total $182,701
-
11g · Fees: other
total $44,320
-
12 · Advertising and promotion
total $19,915
-
13 · Office expenses
total $63,689
-
16 · Occupancy
total $155,949
-
17 · Travel
total $18,819
-
19 · Conferences, conventions and meetings
total $16,967
-
22 · Depreciation, depletion and amortization
total $22,001
-
23 · Insurance
total $9,625
-
24a · Other expenses: COLLABORATIVE EXPENSES
total $157,976
-
24b · Other expenses: SPONSORSHIPS
total $63,985
-
24c · Other expenses: STAFF EXPENSES
total $33,313
-
24d · Other expenses: INVESTOR RELATIONS
total $13,299
-
24e · All other expenses
total $20,078
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $761,507 · end of year $798,666
-
10a · Land, buildings and equipment: cost or other basis
$267,671
-
10b · Land, buildings and equipment: accumulated depreciation
$146,817
-
10c · Land, buildings and equipment, net
beginning of year $142,855 · end of year $120,854
-
27 · Net assets without donor restrictions
beginning of year $904,362 · end of year $919,520
Mission and programs · 2022
Mission
THE ORGANIZATION PROMOTES, DEVELOPS AND ADVANCES THE BUSINESS COMMUNITY IN IOWA CITY AND THE SURROUNDING AREA. IN ADDITION, THE ORGANIZATION CONNECTS BUSINESS AND INDUSTRY WITH FEDERAL, STATE AND LOCAL RESOURCES TO ENABLE AND STIMULATE AREA ECONOMIC GROWTH THROUGH BUSINESS.
-
INVESTMENT IN ECONOMIC DEVELOPMENT THROUGH EXISTING BUSINESS RETENTION AND EXPANSION, BUSINESS RECRUITMENT, ENTREPRENEURIAL DEVELOPMENT, WORKFORCE BUSINESS SERVICES AND ENTREPRENEURIAL DEVELOPMENT COMMUNICATIONS AND PARTNERSHIPS.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Therme RobinTHERME ROBIN
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Almoayyed JasmineALMOAYYED JASMINE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alter MeganALTER MEGAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Boge ChristineBOGE CHRISTINE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Burnette KatieBURNETTE KATIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carroll PatriceCARROLL PATRICE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Conard JimCONARD JIM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Darsee JonDARSEE JON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Degner MattDEGNER MATT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eynon-Lynch MichalEYNON-LYNCH MICHAL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Fixmer-Oraiz VFIXMER-ORAIZ V
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Fruin GeoffFRUIN GEOFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Greene-Fishman RendaGREENE-FISHMAN RENDA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Hayworth KellyHAYWORTH KELLY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Heiar RyanHEIAR RYAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kleppe JackieKLEPPE JACKIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Klitgaard ChrisKLITGAARD CHRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kunert KathrynKUNERT KATHRYN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lenss MartyLENSS MARTY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matthes PeterMATTHES PETER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
McCarragher JoeMCCARRAGHER JOE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rasmussen Cami JoRASMUSSEN CAMI JO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sargeant Tracy JonSARGEANT TRACY JON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Seamans LauraSEAMANS LAURA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Shileny LisaSHILENY LISA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Wachendorf TaraWACHENDORF TARA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Warner AaronWARNER AARON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Wiley ScottWILEY SCOTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Moreland KathrynMORELAND KATHRYN
EXE. DIR. AND PRESIDENT FROM JULY TO DEC
- Total calculated
- $187,492
- From this org
- $144,550
- From related orgs
- $0
- Other
- $42,942
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $144,550
- Bonus
- $0
- Other
- $0
- Deferred
- $14,455
- Nontaxable benefits
- $28,487
- Filer's total
- $187,492
-
Banta TomBANTA TOM
PRESIDENT FROM JAN TO JUNE
- Total calculated
- $134,087
- From this org
- $113,550
- From related orgs
- $0
- Other
- $20,537
- Hours/week
- 40
-
Bird NancyBIRD NANCY
PRESIDENT SINCE JUNE
- 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. 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
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINE 3
- THE EXECUTIVE COMMITTEE AND BOARD OF DIRECTORS APPROVE ANY CHANGES TO THE EXECUTIVE DIRECTOR'S COMPENSATION.
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 27 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202440939349301614
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.