Totals
- Total revenue
- $2,192,215
- Total expenses
- $2,315,856
- Contributions and grants received
- $1,303,768
- Grants paid
- $0
- Program service revenue
- $684,310
- Investment income
- $57,859
- Other revenue
- $146,278
- Total assets, end of year
- $2,362,888
- Total liabilities, end of year
- $648,768
- Net assets or fund balances, end of year
- $1,714,120
- Program services expenses (Part IX)
- $2,315,856
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 100.0% 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.
-
1b · Membership dues
$1,042,589
-
1c · Fundraising events
$29,200
-
1f · All other contributions, gifts and grants
$231,979
-
2a · Program service revenue: LEADER VALLEY SHARED SERVICES
total $444,639 · related or exempt $444,639
-
2b · Program service revenue: CV LEADERSHIP INSTITUTE REV
total $91,650 · related or exempt $91,650
-
2c · Program service revenue: TRC ANNUAL MEETING REVENUE
total $56,550 · related or exempt $56,550
-
2d · Program service revenue: DIVERSITY & INCLUSION PARTNER
total $30,500 · related or exempt $30,500
-
2e · Program service revenue: TECHWORKS SHARED SERVICES
total $23,600 · related or exempt $23,600
-
2f · All other program service revenue
total $37,371 · related or exempt $32,121 · unrelated business $5,250
-
3 · Investment income
total $57,859 · excluded $57,859
-
6a · Gross rents
real property $15,524
-
6c · Rental income or loss
real property $15,524
-
6d · Net rental income or loss
total $15,524 · related or exempt $15,524
-
8a · Fundraising events: gross income
$10,229
-
8a · Fundraising events: contributions included on line 1c
$29,200
-
8b · Fundraising events: direct expenses
$9,473
-
8c · Net income from fundraising events
total $756 · excluded $756
-
11a · Other revenue: CITIES INCENTIVE REVENUE
total $112,750 · related or exempt $112,750
-
11b · Other revenue: MISCELLANEOUS INCOME
total $14,777 · related or exempt $14,777
-
11c · Other revenue: PRINT PUBLICATIONS REVENUE
total $2,471 · unrelated business $2,471
-
11e · Other revenue, total
$129,998
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $184,649 · program services $184,649
-
7 · Other salaries and wages
total $1,167,865 · program services $1,167,865
-
8 · Pension plan contributions
total $55,361 · program services $55,361
-
9 · Other employee benefits
total $65,052 · program services $65,052
-
10 · Payroll taxes
total $104,585 · program services $104,585
-
11b · Fees: legal
total $23,662 · program services $23,662
-
11c · Fees: accounting
total $28,595 · program services $28,595
-
11g · Fees: other
total $76,283 · program services $76,283
-
12 · Advertising and promotion
total $14,529 · program services $14,529
-
13 · Office expenses
total $28,334 · program services $28,334
-
14 · Information technology
total $45,144 · program services $45,144
-
16 · Occupancy
total $45,922 · program services $45,922
-
17 · Travel
total $15,513 · program services $15,513
-
19 · Conferences, conventions and meetings
total $3,867 · program services $3,867
-
22 · Depreciation, depletion and amortization
total $11,980 · program services $11,980
-
23 · Insurance
total $18,741 · program services $18,741
-
24a · Other expenses: PROGRAM SERVICE FEES
total $98,132 · program services $98,132
-
24b · Other expenses: OTHER CONTRACTS
total $51,027 · program services $51,027
-
24c · Other expenses: DUES & SUBSCRIPTIONS
total $41,101 · program services $41,101
-
24d · Other expenses: ANNUAL MEETING EXPENSES
total $38,048 · program services $38,048
-
24e · All other expenses
total $197,466 · program services $197,466
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $503,873 · end of year $167,140
-
2 · Savings and temporary cash investments
beginning of year $1,625,163 · end of year $1,783,659
-
4 · Accounts receivable
beginning of year $50,213 · end of year $168,850
-
9 · Prepaid expenses and deferred charges
beginning of year $17,883 · end of year $18,264
-
10a · Land, buildings and equipment: cost or other basis
$221,263
-
10b · Land, buildings and equipment: accumulated depreciation
$48,756
-
10c · Land, buildings and equipment, net
beginning of year $177,582 · end of year $172,507
-
15 · Other assets
beginning of year $48,754 · end of year $52,468
-
17 · Accounts payable and accrued expenses
beginning of year $73,687 · end of year $76,122
-
19 · Deferred revenue
beginning of year $512,020 · end of year $572,646
-
27 · Net assets without donor restrictions
beginning of year $1,837,761 · end of year $1,714,120
Mission and programs · 2024
Mission
WORKING TO INCREASE THE ECONOMIC VITALITY AND WEALTH IN THE WATERLOO/CEDAR FALLS AREA AND SURROUNDING ECONOMIC REGION.
-
ECONOMIC DEVELOPMENT ACTIVITIES AIMED AT PROMOTING THE WATERLOO/CEDAR FALLS, IOWA METROPOLITAN AREA TO NEW AND EXISTING BUSINESSES.
As filed on the 2024 return.
Listed in Part VII
-
Katy SusongKATY SUSONG
PRESIDENT /
- Total calculated
- $184,649
- From this org
- $155,425
- From related orgs
- $0
- Other
- $29,224
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $149,950
- Bonus
- $5,000
- Other
- $475
- Deferred
- $5,015
- Nontaxable benefits
- $24,209
- Filer's total
- $184,649
-
James SchaeferJAMES SCHAEFER
DIR. OF INVE
- Total calculated
- $141,941
- From this org
- $124,555
- From related orgs
- $0
- Other
- $17,386
- Hours/week
- 40
-
Sandi SommerfeltSANDI SOMMERFELT
VP OF OPERAT
- Total calculated
- $141,666
- From this org
- $122,245
- From related orgs
- $0
- Other
- $19,421
- Hours/week
- 40
-
Lisa SkubalLISA SKUBAL
VP OF ECONOM
- Total calculated
- $135,472
- From this org
- $125,534
- From related orgs
- $0
- Other
- $9,938
- Hours/week
- 40
-
Carolyn DarrahCAROLYN DARRAH
PAST SECRETA
- Total calculated
- $117,109
- From this org
- $107,968
- From related orgs
- $0
- Other
- $9,141
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $107,968
- Bonus
- not reported
- Other
- not reported
- Deferred
- $4,958
- Nontaxable benefits
- $4,183
- Filer's total
- $117,109
-
David Wilson CcimDAVID WILSON CCIM
CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Renee ChristofferRENEE CHRISTOFFER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Vicki ParsonsVICKI PARSONS
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Mike MallaroMIKE MALLARO
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Melissa ReadeMELISSA READE
LEADER VALLE
- Total calculated
- $0
- Hours/week
- 0.5
-
Susan AbernathySUSAN ABERNATHY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Kim BearKIM BEAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Edita BegicEDITA BEGIC
AT LARGE
- Total calculated
- $0
- Hours/week
- 0.5
-
Joy BriscoeJOY BRISCOE
AT LARGE
- Total calculated
- $0
- Hours/week
- 0.5
-
James BronnerJAMES BRONNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Fabio CastroFABIO CASTRO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Dave DeaverDAVE DEAVER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Dr Rebecca EhretsmanDR REBECCA EHRETSMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Tavis HallTAVIS HALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Kris HansenKRIS HANSEN
AT LARGE
- Total calculated
- $0
- Hours/week
- 0.5
-
Mayor Quentin HartMAYOR QUENTIN HART
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Dr Todd HolcombDR TODD HOLCOMB
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Kathryn KunertKATHRYN KUNERT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Mayor Danny LaudickMAYOR DANNY LAUDICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Ryan MeyerRYAN MEYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jim MillerJIM MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Phil NashPHIL NASH
AT LARGE
- Total calculated
- $0
- Hours/week
- 0.5
-
Dr Mark NookDR MARK NOOK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Erica ParksERICA PARKS
AT LARGE
- Total calculated
- $0
- Hours/week
- 0.5
-
Andy PatteeANDY PATTEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Josh SchmidtJOSH SCHMIDT
AT LARGE
- Total calculated
- $0
- Hours/week
- 0.5
-
Dr Jared SmithDR JARED SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Dustin WhiteheadDUSTIN WHITEHEAD
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
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.
-
GREATER CEDAR VALLEY CHAMBER OF COM
501C6 · PART VII · IA
Directly controlled by NA
-
501C3 · PART VII · IA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 30 September 2025
- IRS schema version
- 2024v5.0
- Source object
- 202503109349303505
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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