Skip to content
Nonprofiteer
← CEDAR VALLEY TECH WORKS INC

Form 990 for tax year 2022

Filed by CEDAR VALLEY TECH WORKS INC.

Totals

Total revenue
-$4,637,448
Total expenses
$651,954
Contributions and grants received
$15
Grants paid
$0
Program service revenue
$286,470
Investment income
-$4,923,933
Other revenue
$0
Total assets, end of year
$7,074,138
Total liabilities, end of year
$4,716
Net assets or fund balances, end of year
$7,069,422
Program services expenses (Part IX)
$303,942
Management and general expenses
$348,012
Fundraising expenses
$0
Program service expenses (Part III)
$303,942

Program services were 46.6% 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

    $15

  • 2a · Program service revenue: RENT INCOME

    total $170,030 · related or exempt $170,030

  • 2b · Program service revenue: CAM REIMBURSEMENTS

    total $67,133 · related or exempt $67,133

  • 2c · Program service revenue: UTILITIES REIMBURSEMENT REVEN

    total $49,307 · related or exempt $49,307

  • 3 · Investment income

    total $366 · excluded $366

  • 7a · Gross sales of assets other than inventory

    other assets $1,425,000

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

    other assets $6,349,299

  • 7c · Gain or loss

    other assets -$4,924,299

  • 7d · Net gain or loss

    total -$4,924,299 · related or exempt -$4,924,299

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $2,999 · management and general $2,999

  • 11c · Fees: accounting

    total $1,500 · management and general $1,500

  • 16 · Occupancy

    total $237,453 · program services $237,453

  • 19 · Conferences, conventions and meetings

    total $400 · program services $400

  • 22 · Depreciation, depletion and amortization

    total $343,513 · management and general $343,513

  • 23 · Insurance

    total $19,330 · program services $19,330

  • 24a · Other expenses: SHARED SERVICES EXPENSE

    total $46,039 · program services $46,039

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $670 · program services $670

  • 24c · Other expenses: MISCELLANEOUS EXPENSE

    total $50 · program services $50

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $212,141 · end of year $111,629

  • 4 · Accounts receivable

    beginning of year $33,855 · end of year $113,761

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

    $10,413,196

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

    $3,564,448

  • 10c · Land, buildings and equipment, net

    beginning of year $13,541,562 · end of year $6,848,748

  • 18 · Grants payable

    beginning of year $1,425,000

  • 25 · Other liabilities

    beginning of year $3,598 · end of year $4,716

  • 27 · Net assets without donor restrictions

    beginning of year $12,358,960 · end of year $7,069,422

Mission and programs · 2022

Mission

CEDAR VALLEY TECHWORKS BRINGS TOGETHER LEADERS IN THE FIELD OF BIOTECHNOLOGY, SERVING AS A CENTER OF ACTIVITY FOR RESEARCHERS, FARMERS, INVESTORS AND BUSINESS OWNERS.

  • TO OWN, REDEVELOP, OPERATE, AND MARKET LAND AND BUILDINGS, INCREASE INNOVATION, EMPLOYMENT, AND INVESTMENT IN BIO-AGRICULTURE, ADVANCED MANUFACTURING, AND INFORMATION TECHNOLOGIES AND OTHER INDUSTRIES, AND COOPERATE WITH OTHER ENTITIES TO ACCOMPLISH ECONOMIC DEVELOPMENT IN THE CEDAR VALLEY.

    Expenses $303,942 · Revenue $286,470

As filed on the 2022 return.

Listed in Part VII

  • Carolyn Darrah

    CEO

    Total calculated
    $198,585
    From this org
    $0
    From related orgs
    $187,098
    Other
    $11,487
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $185,514 related
    Bonus
    not reported
    Other
    not reported + $1,584 related
    Deferred
    not reported + $3,180 related
    Nontaxable benefits
    not reported + $8,307 related
    Filer's total
    not reported + $198,585 related

  • Dave Deaver

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Andrea Devore

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Don Temeyer

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • David Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Noel Anderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • John Fritch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Mark Kittrell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Bob Petersen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Randy Pilkington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Brad Leeper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Aaron Sauerbrei

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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

None.

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
2022
Filed
20 September 2023
IRS schema version
2022v5.0
Source object
202323049349300447

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.