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Nonprofiteer
← GARRISON AREA IMPROVEMENT INC

Form 990 for tax year 2022

Filed by GARRISON AREA IMPROVEMENT INC.

Totals

Total revenue
$765,575
Total expenses
$374,212
Contributions and grants received
$89,160
Grants paid
$273,646
Program service revenue
$0
Investment income
$934
Other revenue
$675,481
Total assets, end of year
$1,597,195
Total liabilities, end of year
$266,953
Net assets or fund balances, end of year
$1,330,242
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$238,479

Program services were 0.0% 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)

    $76,836

  • 1f · All other contributions, gifts and grants

    $12,324

  • 3 · Investment income

    total $934 · related or exempt $934

  • 6a · Gross rents

    real property $17,640

  • 6b · Less rental expenses

    real property $8,265

  • 6c · Rental income or loss

    real property $9,375

  • 6d · Net rental income or loss

    total $9,375 · related or exempt $9,375

  • 9a · Gaming: gross income

    $12,955,137

  • 9b · Gaming: direct expenses

    $12,289,031

  • 9c · Net income from gaming

    total $666,106 · related or exempt $666,106

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $270,146

  • 2 · Grants to domestic individuals

    total $3,500

  • 7 · Other salaries and wages

    total $35,685

  • 9 · Other employee benefits

    total $6,931

  • 10 · Payroll taxes

    total $2,610

  • 11b · Fees: legal

    total $10

  • 11c · Fees: accounting

    total $4,365

  • 11g · Fees: other

    total $425

  • 12 · Advertising and promotion

    total $343

  • 13 · Office expenses

    total $8,792

  • 14 · Information technology

    total $1,120

  • 16 · Occupancy

    total $11,209

  • 17 · Travel

    total $413

  • 19 · Conferences, conventions and meetings

    total $1,303

  • 20 · Interest

    total $1,096

  • 22 · Depreciation, depletion and amortization

    total $20,235

  • 23 · Insurance

    total $6,029

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $461,245 · end of year $579,469

  • 2 · Savings and temporary cash investments

    beginning of year $346,089 · end of year $622,686

  • 7 · Other notes and loans receivable

    beginning of year $15,272 · end of year $20,310

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

    $497,636

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

    $124,389

  • 10c · Land, buildings and equipment, net

    beginning of year $393,482 · end of year $373,247

  • 15 · Other assets

    beginning of year $1,154 · end of year $1,483

  • 17 · Accounts payable and accrued expenses

    beginning of year $70 · end of year $201

  • 23 · Secured mortgages and notes payable

    beginning of year $99,567 · end of year $90,213

  • 25 · Other liabilities

    beginning of year $187,449 · end of year $176,539

  • 31 · Retained earnings, endowment or other funds

    beginning of year $930,156 · end of year $1,330,242

Mission and programs · 2022

Mission

TO AID, ASSIST, ENCOURAGE, & PROMOTE DEVELOPMENT & EXPANSION OF BUSINESS CONCERNS IN THE AREA BY MAKING PLANT OR OTHER FACILITIES AVAILABLE. THE ORGANIZATION ALSO PROVIDES GRANTS & LOANS TO NEW & EXISTING BUSINESSES.

  • TO PROMOTE AND EXPAND ECONOMIC DEVELOPMENT AND TOURISM IN THE AREA

    Expenses $108,449 · Grants $65,692

  • DEVELOPMENT AND EXPANSION OF BUSINESS IN THE AREA

    Expenses $91,587 · Grants $11,144

  • PROVIDE ASSISTANCE TO THE NEEDY, YOUTH EDUCATIONAL ACTIVITIES, COMMUNITY EMERGENCY SERVICES, AND TO IMPROVE PUBLIC AREAS, AND PARKS AND RECREATION.

    Expenses $38,443

As filed on the 2022 return.

Listed in Part VII

  • Richard Messerly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shannon Jeffers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Matteson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Otto Kinn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul Schlichting

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sonja Moe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kyle Giffey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael A Gackle

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Michael A Youngs

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Shannon Staehr

    SECRETARYTREASURER

    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

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202333189349304673

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