Totals
- Total revenue
- $363,357
- Total expenses
- $387,284
- Contributions and grants received
- $244,027
- Grants paid
- $223,758
- Program service revenue
- $113,590
- Investment income
- $2,245
- Other revenue
- $3,495
- Total assets, end of year
- $289,869
- Total liabilities, end of year
- $21,563
- Net assets or fund balances, end of year
- $268,306
- Program services expenses (Part IX)
- $307,465
- Management and general expenses
- $79,819
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $307,465
Program services were 79.4% 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)
$20,000
-
1f · All other contributions, gifts and grants
$224,027
-
2a · Program service revenue: SSMID
total $113,590 · related or exempt $113,590
-
3 · Investment income
total $2,245 · excluded $2,245
-
8a · Fundraising events: gross income
$14,016
-
8b · Fundraising events: direct expenses
$12,912
-
8c · Net income from fundraising events
total $1,104
-
11a · Other revenue: MISCELLANEOUS
total $2,391 · related or exempt $2,391
-
11e · Other revenue, total
$2,391
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $223,758 · program services $223,758
-
5 · Compensation of officers, directors and key employees
total $56,680 · management and general $56,680
-
9 · Other employee benefits
total $7,494 · management and general $7,494
-
10 · Payroll taxes
total $4,336 · management and general $4,336
-
11c · Fees: accounting
total $4,400 · management and general $4,400
-
13 · Office expenses
total $2,949 · management and general $2,949
-
19 · Conferences, conventions and meetings
total $3,895 · program services $3,895
-
22 · Depreciation, depletion and amortization
total $20,858 · program services $20,858
-
23 · Insurance
total $3,960 · management and general $3,960
-
24a · Other expenses: GRANTS
total $50,242 · program services $50,242
-
24b · Other expenses: MISCELLANEOUS
total $4,610 · program services $4,610
-
24c · Other expenses: MISC PAYROLL
total $1,944 · program services $1,944
-
24d · Other expenses: ADVERTISING AND PROMOTION
total $1,237 · program services $1,237
-
24e · All other expenses
total $921 · program services $921
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $25,224 · end of year $23,868
-
2 · Savings and temporary cash investments
beginning of year $120,249 · end of year $101,239
-
10a · Land, buildings and equipment: cost or other basis
$283,402
-
10b · Land, buildings and equipment: accumulated depreciation
$118,640
-
10c · Land, buildings and equipment, net
beginning of year $185,621 · end of year $164,762
-
25 · Other liabilities
beginning of year $38,861 · end of year $21,563
-
27 · Net assets without donor restrictions
beginning of year $292,233 · end of year $268,306
Mission and programs · 2024
Mission
TO ENHANCE SPENCER'S MAIN STREET DISTRICT AS A BUSINESS, PROFESSIONAL, AND CULTURAL CENTER IN NORTHWEST IOWA.
-
PROMOTED DOWNTOWN DISTRICT WITH ACTIVITIES TO INCREASE THE AWARENESS OF GOODS AND SERVICES AVAILABLE.
Expenses $307,465 · Grants $223,758 · Revenue $113,590
As filed on the 2024 return.
Listed in Part VII
-
Nancy NaeveNANCY NAEVE
DIRECTOR
- Total calculated
- $56,680
- From this org
- $56,680
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Nick ApplegateNICK APPLEGATE
PAST PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
Scott ConradSCOTT CONRAD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Brianna DeanBRIANNA DEAN
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
Jen Von EhwegenJEN VON EHWEGEN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Dustin GrossnickleDUSTIN GROSSNICKLE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Eric MeeterERIC MEETER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Sally MeyersSALLY MEYERS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ebony RaheEBONY RAHE
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Amalie SaboeAMALIE SABOE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Katie TechenKATIE TECHEN
BOARD MEMBER
- 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
-
HANSEN'S CLOTHING
$100,000
ECONOMIC DEVELOPMENT
-
1103 INDUSTRIES
$100,000
ECONOMIC DEVELOPMENT
-
MEDLAR COFFEE
$10,000
ECONOMIC DEVELOPMENT
-
KOLJ (MADE & MORE)
$7,758
ECONOMIC DEVELOPMENT
-
DESIGN MASTERS
$6,000
ECONOMIC DEVELOPMENT
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 30 July 2025
- IRS schema version
- 2024v5.0
- Source object
- 202542259349302919
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