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Nonprofiteer
← SIOUXLAND CHAMBER FOUNDATION

Form 990 for tax year 2023

Filed by SIOUXLAND CHAMBER FOUNDATION.

Totals

Total revenue
$172,648
Total expenses
$71,615
Contributions and grants received
$129,805
Grants paid
$0
Program service revenue
$7,847
Investment income
$34,996
Other revenue
$0
Total assets, end of year
$1,707,905
Total liabilities, end of year
$30,163
Net assets or fund balances, end of year
$1,677,742
Program services expenses (Part IX)
$33,725
Management and general expenses
$37,890
Fundraising expenses
$0
Program service expenses (Part III)
$33,725

Program services were 47.1% 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.

  • 1f · All other contributions, gifts and grants

    $129,805

  • 2a · Program service revenue: DOWNTOWN LIVE REVENUE

    total $7,847 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $18,390 · unrelated business $0 · excluded $18,390

  • 7a · Gross sales of assets other than inventory

    securities $232,346

  • 7b · Less cost or other basis and sales expenses

    securities $215,740

  • 7c · Gain or loss

    securities $16,606

  • 7d · Net gain or loss

    total $16,606 · related or exempt $0 · unrelated business $0 · excluded $16,606

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $12,085 · program services $0 · management and general $12,085 · fundraising $0

  • 24a · Other expenses: DOWNTOWN LIVE

    total $21,777 · program services $21,777 · management and general $0 · fundraising $0

  • 24b · Other expenses: SPONSORSHIPS

    total $17,458 · program services $0 · management and general $17,458 · fundraising $0

  • 24c · Other expenses: ADMINISTRATIVE

    total $8,347 · program services $0 · management and general $8,347 · fundraising $0

  • 24d · Other expenses: PICK IT UP CAMPAIGN

    total $2,430 · program services $2,430 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $9,518 · program services $9,518 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $92,547 · end of year $89,438

  • 2 · Savings and temporary cash investments

    beginning of year $49,243 · end of year $17,020

  • 4 · Accounts receivable

    beginning of year $1,600

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

    $249,387

  • 10c · Land, buildings and equipment, net

    beginning of year $249,387 · end of year $249,387

  • 11 · Investments: publicly traded securities

    beginning of year $1,005,559 · end of year $1,351,776

  • 15 · Other assets

    beginning of year $239 · end of year $284

  • 17 · Accounts payable and accrued expenses

    beginning of year $63,756 · end of year $30,163

  • 27 · Net assets without donor restrictions

    beginning of year $755,503 · end of year $1,094,499

  • 28 · Net assets with donor restrictions

    beginning of year $579,316 · end of year $583,243

Mission and programs · 2023

Mission

TO PROMOTE BUSINESS DEVELOPMENT IN THE SIOUXLAND AREA

  • COMMUNITY PROJECT DESIGNED TO BRING THE SIOUXLAND COMMUNITY TOGETHER

    Expenses $21,777 · Revenue $7,847

  • PROJECT TO PROMOTE MILITARY IN THE COMMUNITY

    Expenses $3,359

  • PROJECT TO PROMOTE CIVIC AWARENESS IN COMMUNITY YOUTH

    Expenses $6,159

  • PROJECT DESIGNED TO CLEAN UP LITTER IN THE SIOUXLAND AREA

    Expenses $2,430

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Christopher McGowan

    PRESIDENT

    Total calculated
    $369,745
    From this org
    $0
    From related orgs
    $306,463
    Other
    $63,282
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $306,463 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $15,721 related
    Nontaxable benefits
    $0 + $47,561 related
    Filer's total
    $0 + $369,745 related

  • Cathy Bishop

    CHAIR COMMUNITY ENHANCEMENT

    Total calculated
    $0
    Hours/week
    1

  • Mandy Graham

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Ben Uhl

    CHAIR ECONOMIC DEVEL

    Total calculated
    $0
    Hours/week
    1

  • Casey Mills

    VICE CHAIR & GOVT RELATIONS

    Total calculated
    $0
    Hours/week
    1

  • Dan Holzrichter

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Joel Steenhoven

    CHAIR TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jean Moore

    CHAIR INVESTOR RELATIONS

    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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 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
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
17 December 2024
IRS schema version
2023v6.0
Source object
202540169349301799

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