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Nonprofiteer
← FORT MADISON SIRRC CORPORATION

Form 990 for tax year 2024

Filed by FORT MADISON SIRRC CORPORATION.

Totals

Total revenue
$412,752
Total expenses
$425,155
Contributions and grants received
$391,349
Grants paid
$422,501
Program service revenue
$0
Investment income
$21,403
Other revenue
$0
Total assets, end of year
$557,045
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$557,045
Program services expenses (Part IX)
$422,501
Management and general expenses
$2,654
Fundraising expenses
$0
Program service expenses (Part III)
$422,501

Program services were 99.4% 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.

  • 1d · Related organizations

    $391,349

  • 3 · Investment income

    total $21,403 · excluded $21,403

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $422,501 · program services $422,501

  • 11c · Fees: accounting

    total $1,050 · management and general $1,050

  • 23 · Insurance

    total $1,604 · management and general $1,604

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $241,227 · end of year $239,085

  • 2 · Savings and temporary cash investments

    beginning of year $328,221 · end of year $317,960

  • 27 · Net assets without donor restrictions

    beginning of year $569,448 · end of year $557,045

Mission and programs · 2024

Mission

FORT MADISON SIRRC CORPORATION ACCUMULATES FUNDS IN ANTICIPATION OF MAKING GRANTS TO QUALIFIED, NON-PROFIT ORGANIZATIONS WITHIN THE COMMUNITY SPECIFICALLY FOR COMMUNITY BETTERMENT PROJECTS.

  • THE PRIMARY PURPOSE OF THE CORPORATION IS TO ACT AS A CONDUIT OF FUNDS FROM THE SOUTHEAST IOWA REGIONAL RIVERBOAT COMMISSION TO THE CITY OF FORT MADISON. THESE FUNDS ARE TO BE USED TO RETIRE DEBT OBLIGATIONS UNDERTAKEN BY THE CITY OF FORT MADISON FOR RIVERFRONT FACILITY CONSTRUCTION NECESSARY TO ACCOMMODATE THE RIVERBOAT. UPON COMPLETE RETIREMENT OF THESE BONDS, THE FUNDS ARE TO BE USED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSE OF THE CITY OR OTHER CHARITABLE ORGANIZATIONS WITHIN THE CITY OR THE SURROUNDING COMMUNITY. RETIREMENT OF THE BONDS WAS COMPLETED DURING 2001. THE ORGANIZATION IS NOW ACCUMULATING FUNDS IN ANTICIPATION OF MAKING GRANTS TO OTHER QUALIFIED, NON-PROFIT ORGANIZATIONS WITHIN THE COMMUNITY SPECIFICALLY FOR COMMUNITY BETTERMENT PROJECTS. THERE ARE NO COMMITTEES THAT ACT ON BEHALF OF THE GOVERNING BOARD.

    Expenses $422,501 · Grants $422,501

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Amy Conlee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Culbertson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bob Huffman Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chuck Kemkper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steve W Link

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Matt Morris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Justin Pieper

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Jody Schulte

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jessica Sutcliffe

    DIRECTOR

    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

Provenance

Return type
form_990
Tax year
2024
Filed
7 May 2025
IRS schema version
2024v5.0
Source object
202531359349309288

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