Form 990 for tax year 2024
Filed by SOUTHEAST IOWA AQUATIC RESTORATION GROUP INC.
Totals
- Total revenue
- $251,749
- Total expenses
- $465,444
- Contributions and grants received
- $80,574
- Grants paid
- $0
- Program service revenue
- $161,517
- Investment income
- $3,558
- Other revenue
- $6,100
- Total assets, end of year
- $6,457,349
- Total liabilities, end of year
- $465,354
- Net assets or fund balances, end of year
- $5,991,995
- Program services expenses (Part IX)
- $430,606
- Management and general expenses
- $34,838
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $430,606
Program services were 92.5% 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)
$30,494
-
1f · All other contributions, gifts and grants
$50,080
-
2a · Program service revenue: SLIP RENTALS
total $161,517 · unrelated business $161,517
-
3 · Investment income
total $3,558 · excluded $3,558
-
11a · Other revenue: DOCK SALES
total $6,100 · related or exempt $6,100
-
11e · Other revenue, total
$6,100
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $2,069 · management and general $2,069
-
12 · Advertising and promotion
total $192 · management and general $192
-
16 · Occupancy
total $27,405 · program services $27,405
-
20 · Interest
total $23,321 · management and general $23,321
-
22 · Depreciation, depletion and amortization
total $402,496 · program services $402,496
-
24a · Other expenses: LAWN CARE
total $5,992 · management and general $5,992
-
24b · Other expenses: ADMINISTRATIVE FEE
total $3,004 · management and general $3,004
-
24c · Other expenses: SUPPLIES
total $705 · program services $705
-
24d · Other expenses: CONSULTING
total $260 · management and general $260
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $139,787 · end of year $117,892
-
3 · Pledges and grants receivable
beginning of year $1,431,366 · end of year $864,800
-
4 · Accounts receivable
beginning of year $1,119
-
10a · Land, buildings and equipment: cost or other basis
$6,101,564
-
10b · Land, buildings and equipment: accumulated depreciation
$626,907
-
10c · Land, buildings and equipment, net
beginning of year $5,714,303 · end of year $5,474,657
-
19 · Deferred revenue
end of year $12,298
-
23 · Secured mortgages and notes payable
beginning of year $1,080,885 · end of year $453,056
-
27 · Net assets without donor restrictions
beginning of year $6,205,690 · end of year $5,991,995
Mission and programs · 2024
Mission
PROTECTING PUBLIC IMPROVEMENTS ON PUBLIC GROUND LOCATED ALONG THE MISSISSIPPI RIVER WATERFRONT IN FORT MADISON, IOWA; OPERATING, RESTORING, IMPROVING, MAINTAINING, AND OPERATING IMPROVEMENTS FOR THE BENEFIT OF THE PUBLIC ALONG THE MISSISSIPPI RIVER IN FORT MADISON, IOWA; AND LESSENING THE CITY OF FORT MADISON'S BURDEN OF CONSTRUCTING, MAINTAINING, AND OPERATING SUCH IMPROVEMENTS.
-
BEGIN MAJOR MULTIYEAR IMPROVEMENT PROJECT OF MARINA STRUCTURE AND SURROUNDING RIVERFRONT PARK AREA LOCATED ALONG THE MISSISSIPPI RIVER WATERFRONT IN FORT MADISON, IOWA.
Expenses $21,335
-
BEGIN MAJOR MULTIYEAR IMPROVEMENT PROJECT OF MARINA STRUCTURE AND SURROUNDING RIVERFRONT PARK AREA LOCATED ALONG THE MISSISSIPPI RIVER WATERFRONT IN FORT MADISON, IOWA.
Expenses $409,271
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
CHARLIE ALLEN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
ANDREW MCFALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MATT MOHRFELD
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
KARA MORROW
VP/SECRETARY
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 25 June 2025
- IRS schema version
- 2024v5.0
- Source object
- 202522249349302367
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