Form 990 for tax year 2022
Filed by SCHMITT ISLAND DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $696,005
- Total expenses
- $339,735
- Contributions and grants received
- $510,149
- Grants paid
- $0
- Program service revenue
- $104,199
- Investment income
- $97
- Other revenue
- $81,560
- Total assets, end of year
- $606,064
- Total liabilities, end of year
- $249,794
- Net assets or fund balances, end of year
- $356,270
- Program services expenses (Part IX)
- $291,483
- Management and general expenses
- $48,252
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $291,483
Program services were 85.8% 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.
-
1f · All other contributions, gifts and grants
$510,149
-
2a · Program service revenue: HOURLY ICE
total $68,573 · related or exempt $68,573
-
2b · Program service revenue: OTHER INCOME
total $16,873 · related or exempt $16,873
-
2c · Program service revenue: PUBLIC SKATE
total $14,052 · related or exempt $14,052
-
2d · Program service revenue: SKATE RENTAL
total $4,620 · related or exempt $4,620
-
2e · Program service revenue: PRO SHOP SALES
total $81 · related or exempt $81
-
3 · Investment income
total $97 · excluded $97
-
6a · Gross rents
real property $1,170
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $1,170
-
6d · Net rental income or loss
total $1,170 · related or exempt $1,170
-
10a · Gross sales of inventory
$147,299
-
10b · Cost of goods sold
$66,909
-
10c · Net income from sales of inventory
total $80,390 · related or exempt $80,390
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $16,667 · management and general $16,667
-
11b · Fees: legal
total $22,668 · management and general $22,668
-
11g · Fees: other
total $82,563 · program services $82,563
-
12 · Advertising and promotion
total $26,670 · program services $18,587 · management and general $8,083
-
14 · Information technology
total $140 · management and general $140
-
16 · Occupancy
total $66,115 · program services $66,115
-
22 · Depreciation, depletion and amortization
total $3,123 · program services $3,123
-
23 · Insurance
total $4,602 · program services $4,602
-
24a · Other expenses: SMALL EQUIPMENT
total $56,961 · program services $56,961
-
24b · Other expenses: SAINTS FEES
total $37,897 · program services $37,897
-
24c · Other expenses: SUPPLIES
total $10,273 · program services $9,685 · management and general $588
-
24d · Other expenses: UNIFORMS
total $5,528 · program services $5,528
-
24e · All other expenses
total $6,528 · program services $6,422 · management and general $106
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $220,545
-
2 · Savings and temporary cash investments
end of year $172,566
-
4 · Accounts receivable
end of year $54,651
-
8 · Inventories for sale or use
end of year $12,663
-
10a · Land, buildings and equipment: cost or other basis
$106,430
-
10b · Land, buildings and equipment: accumulated depreciation
$3,123
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $103,307
-
15 · Other assets
beginning of year $0 · end of year $42,332
-
17 · Accounts payable and accrued expenses
end of year $166,461
-
19 · Deferred revenue
end of year $83,333
-
27 · Net assets without donor restrictions
end of year $356,270
Mission and programs · 2022
Mission
MANAGING THE ICE ARENA AND SCHMITT ISLAND ASSETS BENEFITS THE COMMUNITY BY PROVIDING CONSISTENT AND EXPANDED RECREATIONAL OPPORTUNITIES FOR THE COMMUNITY. IN ADDITION, THIS ORGANIZATION LESSENS THE BURDEN OF THE GOVERNMENT'S TIME AND RESOURCES TO MANAGE THE FACILITIES AND ITS PROGRAMS.
-
THE ORGANIZATION AND CONTRACTED ENTITIES OR INDIVIDUALS MANAGE THE ICE ARENA LOCATED ON CHAPLAIN SCHMITT ISLAND IN DUBUQUE, IOWA. THIS ACTIVITY IS FUNDED THROUGH MANAGEMENT FEES PAID BY THE CITY, CONTRIBUTIONS FROM THE GENERAL PUBLIC, AND PROGRAM SERVICE FEES. NINETY-NINE PERCENT OF THE ORGANIZATIONS TIME IS ALLOCATED TO THIS ACTIVITY. NINETY-FIVE PERCENT OF OVERALL EXPENSES ARE INITIALLY ALLOCATED TO THIS ACTIVITY.MANAGEMENT OF THESE FACILITIES BENEFITS THE COMMUNITY BY PROVIDING CONSISTENT AND EXPANDED RECREATIONAL OPPORTUNITIES FOR THE COMMUNITY AND BY LESSENING THE BURDEN OF GOVERNMENT. THE CITY OF DUBUQUE WOULD OTHERWISE SPEND SIGNIFICANT TIME AND RESOURCES TO MANAGE THE FACILITIES AND ITS PROGRAMS.OTHER ACTIVITIES WILL BE CONDUCTED IN THE SAME FASHION AS ABOVE AS ADDITIONAL ASSETS AND VENUES ARE DEVELOPED ON SCHMITT ISLAND. SUCH ACTIVITIES, ASSETS, AND/OR VENUES MAY INCLUDE A WATER SPORTS FACILITY, TRAILS, AND RV PARK.
Expenses $291,483 · Revenue $185,759
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Kathy BuhrKATHY BUHR
PRESIDENT/CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Sara HantenSARA HANTEN
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
Kurt StrandKURT STRAND
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Jason WhiteJASON WHITE
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Brian KuhleBRIAN KUHLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Danielle MooreDANIELLE MOORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Denise UdelhofenDENISE UDELHOFEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Marie WareMARIE WARE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Justine ParadisoJUSTINE PARADISO
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 10 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303179349305415
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