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Nonprofiteer
← CEDAR VALLEY TECH WORKS INC

Form 990 for tax year 2023

Filed by CEDAR VALLEY TECH WORKS INC.

Totals

Total revenue
$464,966
Total expenses
$615,087
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$347,609
Investment income
$117,357
Other revenue
$0
Total assets, end of year
$6,929,043
Total liabilities, end of year
$9,742
Net assets or fund balances, end of year
$6,919,301
Program services expenses (Part IX)
$264,314
Management and general expenses
$350,773
Fundraising expenses
$0
Program service expenses (Part III)
$264,314

Program services were 43.0% 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.

  • 2a · Program service revenue: RENT INCOME

    total $237,495 · related or exempt $237,495

  • 2b · Program service revenue: CAM REIMBURSEMENTS

    total $65,937 · related or exempt $65,937

  • 2c · Program service revenue: UTILITIES REIMBURSEMENT REVEN

    total $44,177 · related or exempt $44,177

  • 3 · Investment income

    total $530 · excluded $530

  • 7a · Gross sales of assets other than inventory

    other assets $119,090

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

    other assets $2,263

  • 7c · Gain or loss

    other assets $116,827

  • 7d · Net gain or loss

    total $116,827 · related or exempt $116,827

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $4,230 · management and general $4,230

  • 13 · Office expenses

    total $524 · management and general $524

  • 16 · Occupancy

    total $231,596 · program services $231,596

  • 22 · Depreciation, depletion and amortization

    total $346,019 · management and general $346,019

  • 23 · Insurance

    total $10,641 · program services $10,641

  • 24a · Other expenses: SHARED SERVICES EXPENSE

    total $20,000 · program services $20,000

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $2,077 · program services $2,077

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $111,629

  • 2 · Savings and temporary cash investments

    end of year $247,467

  • 4 · Accounts receivable

    beginning of year $113,761 · end of year $73,076

  • 9 · Prepaid expenses and deferred charges

    end of year $3,191

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

    $10,472,777

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

    $3,867,468

  • 10c · Land, buildings and equipment, net

    beginning of year $6,848,748 · end of year $6,605,309

  • 17 · Accounts payable and accrued expenses

    end of year $8,379

  • 25 · Other liabilities

    beginning of year $4,716 · end of year $1,363

  • 27 · Net assets without donor restrictions

    beginning of year $7,069,422 · end of year $6,919,301

Mission and programs · 2023

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 $264,314 · Revenue $347,609

As filed on the 2023 return.

Listed in Part VII

  • Dave Deaver

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Katy Susong

    VICE CHAIR/S

    Total calculated
    $0
    Hours/week
    0.5

  • Don Temeyer

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Randy Pilkington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Noel Anderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Aaron Sauerbrei

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Andrea Devore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Kathryn Payne

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Tavis Hall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jim Miller

    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.

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
31 August 2024
IRS schema version
2023v5.0
Source object
202412699349301521

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