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Nonprofiteer
← MASON CITY CHAMBER OF COMMERCE FOUNDATION

Form 990 for tax year 2022

Filed by MASON CITY CHAMBER OF COMMERCE FOUNDATION.

Totals

Total revenue
$101,667
Total expenses
$57,565
Contributions and grants received
$77,273
Grants paid
$25,075
Program service revenue
$22,858
Investment income
$1,536
Other revenue
$0
Total assets, end of year
$163,342
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$163,342
Program services expenses (Part IX)
$56,352
Management and general expenses
$1,213
Fundraising expenses
$0
Program service expenses (Part III)
$56,352

Program services were 97.9% 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)

    $13,375

  • 1f · All other contributions, gifts and grants

    $63,898

  • 2a · Program service revenue: RENTAL OF EGLOFF HOUSE

    total $22,858 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,536 · unrelated business $0 · excluded $1,536

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $25,075 · program services $25,075

  • 11a · Fees: management

    total $750 · program services $0 · management and general $750 · fundraising $0

  • 11c · Fees: accounting

    total $450 · program services $0 · management and general $450 · fundraising $0

  • 24a · Other expenses: BANK FEES

    total $13 · program services $0 · management and general $13 · fundraising $0

  • 24b · Other expenses: EGLOFF HOUSE

    total $27,990 · program services $27,990 · management and general $0 · fundraising $0

  • 24c · Other expenses: MURAL PROJECT

    total $3,287 · program services $3,287 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $119,240 · end of year $163,342

  • 27 · Net assets without donor restrictions

    beginning of year $99,095 · end of year $163,342

  • 28 · Net assets with donor restrictions

    beginning of year $20,145

Mission and programs · 2022

Mission

TO ASSIST THE LONG TERM WORK AND OPERATIONS OF THE MASON CITY CHAMBER OF COMMERCE AND RECEIVE GRANTS AND CONTRIBUTIONS FOR THE BENEFIT OF THE MASON CITY.

  • TO PROVIDE FOR THE COMMUNITY PLANNING INITIATIVES FOR THE MASON CITY AREA.

    Expenses $25,075 · Grants $25,075

  • TO PROVIDE FOR THE MURAL PROJECT IN DOWNTOWN MASON CITY.

    Expenses $3,287 · Revenue $5,000

  • TO PROVIDE FOR THE RESTORATION AND PRESERVATION OF THE EGLOFF HOUSE AS USEFUL RESIDENCE AS TEMPORARY HOUSING.

    Expenses $27,990 · Revenue $22,858

As filed on the 2022 return.

Listed in Part VII

  • Kim Pang

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Robert Klocke

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Robin Anderson

    SECRETARY

    Total calculated
    $70,816
    From this org
    $0
    From related orgs
    $66,808
    Other
    $4,008
    Hours/week
    2

  • Andrew Hubbard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scott Westermann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Colleen Frein

    SECRETARY

    Total calculated
    $98,577
    From this org
    $0
    From related orgs
    $97,877
    Other
    $700
    Hours/week
    2

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
2022
Filed
16 December 2023
IRS schema version
2022v5.0
Source object
202430239349300903

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