Form 990 for tax year 2023
Filed by SPOON RIVER PARTNERSHIP FOR ECONOMIC DEVELOPMENT.
Totals
- Total revenue
- $261,338
- Total expenses
- $158,549
- Contributions and grants received
- $237,869
- Grants paid
- $4,500
- Program service revenue
- $0
- Investment income
- $2,750
- Other revenue
- $20,719
- Total assets, end of year
- $482,800
- Total liabilities, end of year
- $102,326
- Net assets or fund balances, end of year
- $380,474
- Program services expenses (Part IX)
- $109,457
- Management and general expenses
- $49,092
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $109,457
Program services were 69.0% 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.
-
1e · Government grants (contributions)
$188,294
-
1f · All other contributions, gifts and grants
$49,575
-
3 · Investment income
total $2,750 · unrelated business $0 · excluded $2,750
-
6a · Gross rents
real property $9,600
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $9,600
-
6d · Net rental income or loss
total $9,600 · related or exempt $9,600
-
11a · Other revenue: Miscellaneous
total $11,119 · related or exempt $11,119 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$11,119
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $4,500 · program services $4,500
-
7 · Other salaries and wages
total $74,473 · program services $63,302 · management and general $11,171 · fundraising $0
-
9 · Other employee benefits
total $6,453 · program services $5,485 · management and general $968 · fundraising $0
-
10 · Payroll taxes
total $5,496 · program services $4,672 · management and general $824 · fundraising $0
-
11c · Fees: accounting
total $5,550 · program services $0 · management and general $5,550 · fundraising $0
-
12 · Advertising and promotion
total $274 · program services $274 · management and general $0 · fundraising $0
-
13 · Office expenses
total $2,336 · program services $0 · management and general $2,336 · fundraising $0
-
14 · Information technology
total $189 · program services $0 · management and general $189 · fundraising $0
-
16 · Occupancy
total $3,996 · program services $0 · management and general $3,996 · fundraising $0
-
17 · Travel
total $2,634 · program services $0 · management and general $2,634 · fundraising $0
-
19 · Conferences, conventions and meetings
total $479 · program services $0 · management and general $479 · fundraising $0
-
20 · Interest
total $3,456 · program services $0 · management and general $3,456 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $2,400 · program services $0 · management and general $2,400 · fundraising $0
-
23 · Insurance
total $4,478 · program services $0 · management and general $4,478 · fundraising $0
-
24a · Other expenses: Hotel/Motel tax expenses
total $31,224 · program services $31,224 · management and general $0 · fundraising $0
-
24b · Other expenses: Dues and subscriptions
total $1,187 · program services $0 · management and general $1,187 · fundraising $0
-
24c · Other expenses: Equipment rental
total $3,497 · program services $0 · management and general $3,497 · fundraising $0
-
24d · Other expenses: Licenses & fees
total $25 · program services $0 · management and general $25 · fundraising $0
-
24e · All other expenses
total $5,902 · program services $0 · management and general $5,902 · fundraising $0
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $185,418 · end of year $292,743
-
7 · Other notes and loans receivable
beginning of year $126,116 · end of year $92,337
-
10a · Land, buildings and equipment: cost or other basis
$104,300
-
10b · Land, buildings and equipment: accumulated depreciation
$6,580
-
10c · Land, buildings and equipment, net
beginning of year $88,320 · end of year $97,720
-
17 · Accounts payable and accrued expenses
beginning of year $16,643 · end of year $3,411
-
19 · Deferred revenue
beginning of year $17,875 · end of year $14,651
-
23 · Secured mortgages and notes payable
beginning of year $87,651 · end of year $84,264
-
27 · Net assets without donor restrictions
beginning of year $277,685 · end of year $380,474
Mission and programs · 2023
Mission
Dedicated to serve as a catalyst for economic and community development by capitalizing on community partnerships, business development opportunities and implementation
-
Serve as a catalyst for economic and community development by capitalizing on community partnerships, business development opportunities and implementation of programs and projects that foster growth and development
Expenses $109,457 · Grants $4,500
As filed on the 2023 return.
Listed in Part VII
-
Tad DeRenzy
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Todd Fletcher
Secretary
- Total calculated
- $0
- Hours/week
- 0.5
-
Chris Jump
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Susan Baldwin
President
- Total calculated
- $0
- Hours/week
- 0.5
-
Jed Rhoades
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Todd Miller
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Cole McDaniel
Former Executive Director
- Total calculated
- $46,158
- From this org
- $46,158
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $33,798
- Bonus
- $12,360
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $46,158
-
Curt Oldfield
Treasurer
- Total calculated
- $0
- Hours/week
- 0.5
-
Sarah Keefer
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Holly Henline
Vice President
- Total calculated
- $0
- Hours/week
- 0.5
-
Elaine Stone
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Erin Ahart
Director
- Total calculated
- $0
- Hours/week
- 5
-
Patrick O'Brien
Director
- Total calculated
- $0
- Hours/week
- 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
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Pt I Line 7
- The excutive director receives a bonus based on reaching stated goals from the prior fiscal year.
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 24 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423139349301697
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