Form 990 for tax year 2023
Filed by LE MARS BUSINESS AND PROFESSIONAL WOMENS CLUB.
Totals
- Total revenue
- $1,180,010
- Total expenses
- $193,169
- Contributions and grants received
- $17,575
- Grants paid
- $0
- Program service revenue
- $21,575
- Investment income
- $60
- Other revenue
- $1,140,800
- Total assets, end of year
- $21,417,908
- Total liabilities, end of year
- $8,209,268
- Net assets or fund balances, end of year
- $13,208,640
- Program services expenses (Part IX)
- $173,677
- Management and general expenses
- $19,492
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $173,677
Program services were 89.9% 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)
$16,575
-
1f · All other contributions, gifts and grants
$1,000
-
2a · Program service revenue: PASS THROUGH LOAN INTEREST
total $21,575 · related or exempt $21,575
-
3 · Investment income
total $60 · excluded $60
-
6a · Gross rents
real property $2,047,503
-
6b · Less rental expenses
real property $1,190,204
-
6c · Rental income or loss
real property $857,299
-
6d · Net rental income or loss
total $857,299 · excluded $857,299
-
10a · Gross sales of inventory
$512,880
-
10b · Cost of goods sold
$343,154
-
10c · Net income from sales of inventory
total $169,726 · related or exempt $169,726
-
11a · Other revenue: TRANSLOAD LEASE
total $90,000 · related or exempt $90,000
-
11b · Other revenue: OTHER
total $23,775 · related or exempt $23,775
-
11e · Other revenue, total
$113,775
Functional expenses
Part IX, the statement of functional expenses.
-
10 · Payroll taxes
total $664 · program services $664
-
11b · Fees: legal
total $5,223 · management and general $5,223
-
12 · Advertising and promotion
total $1,532 · program services $1,532
-
13 · Office expenses
total $3,000 · program services $3,000
-
20 · Interest
total $42,516 · program services $42,516
-
23 · Insurance
total $5,632 · management and general $5,632
-
24a · Other expenses: CONTRACT SERVICE EXPENSE
total $54,445 · program services $54,445
-
24b · Other expenses: LOAN FORGIVENESS EXPENSE
total $45,541 · program services $45,541
-
24c · Other expenses: ADMIN
total $8,637 · management and general $8,637
-
24d · Other expenses: MAINTENANCE
total $7,775 · program services $7,775
-
24e · All other expenses
total $18,204 · program services $18,204
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $330,450 · end of year $149,917
-
2 · Savings and temporary cash investments
beginning of year $1,018,611 · end of year $1,018,671
-
7 · Other notes and loans receivable
beginning of year $1,295,750 · end of year $702,348
-
9 · Prepaid expenses and deferred charges
beginning of year $2,554 · end of year $2,554
-
10a · Land, buildings and equipment: cost or other basis
$32,786,887
-
10b · Land, buildings and equipment: accumulated depreciation
$13,242,469
-
10c · Land, buildings and equipment, net
beginning of year $18,829,260 · end of year $19,544,418
-
23 · Secured mortgages and notes payable
beginning of year $8,843,679 · end of year $7,873,504
-
25 · Other liabilities
beginning of year $411,147 · end of year $335,764
-
27 · Net assets without donor restrictions
beginning of year $11,250,381 · end of year $12,228,575
-
28 · Net assets with donor restrictions
beginning of year $971,418 · end of year $980,065
Mission and programs · 2023
Mission
ALL ACTIVITIES ARE TO ENHANCE BUSINESSES IN THE COMMUNITY OF LE MARS, IOWA AND TO PROVIDE ASSISTANCE IN THE DEVELOPMENT OF THE NEW WELLS BLUE BUNNY CORPORATE CAMPUS.
-
TO PROMOTE BUSINESS AND ECONOMIC DEVELOPMENT IN THE GREATER LE MARS AREA
Expenses $173,677 · Revenue $21,575
As filed on the 2023 return.
Listed in Part VII
-
Rob BixenmanROB BIXENMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michaela BrownMICHAELA BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brian BrunsBRIAN BRUNS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mitchell ChristoffelMITCHELL CHRISTOFFEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike DonlinMIKE DONLIN
VICE-PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
Kevin EekhoffKEVIN EEKHOFF
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Graham ForbesGRAHAM FORBES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark GaulMARK GAUL
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Angela KneipANGELA KNEIP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Josh KovarnaJOSH KOVARNA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Micah LangMICAH LANG
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Adam LloydADAM LLOYD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jerry SchmitzJERRY SCHMITZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steve SchusterSTEVE SCHUSTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bernie ThomasBERNIE THOMAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jason VacuraJASON VACURA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steve WebnerSTEVE WEBNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike WellsMIKE WELLS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dustin WrightDUSTIN WRIGHT
DIRECTOR
- 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
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
WD 2005 SPE LLC WD 2005 SPE LLC
LAND RENT · IA · income $2,044,803 · assets $18,310,548
Directly controlled by LBIC LEMARS BUSINESS INITIATIVE CORP
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 28 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202411519349300911
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