Civic Intelligence

Riverloop Association Inc.

990EZ • Fiscal year 2022 • EIN 26-4618040

Jul 01, 2021 to Jun 30, 2022 • Filed on Apr 30, 2024

225 Commercial StreetWaterloo, IA 50701

(319) 291-4490

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

79th percentile

0.09x

Higher debt load relative to assets than 79% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

86th percentile

0.18x

Higher debt load relative to revenue than 86% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

83rd percentile

36%

Higher net margin than 83% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

73rd percentile

22%

Faster asset growth than 73% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

94th percentile

305%

Faster revenue growth than 94% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$185,666

Up $33,994 (+22%) from 2021

Net Assets

Up

$169,465

Up $31,639 (+23%) from 2021

Liabilities

Up

$16,201

Up $2,355 (+17%) from 2021

Revenue

Up

$88,585

Up $66,698 (+305%) from 2021

Expenses

Up

$56,946

Up $31,897 (+127%) from 2021

Net Income

Up

$31,639

Up $34,801 (+1101%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2014: $39,192Liabilities 2014: $4,500Net Assets 2014: $34,6922014Assets 2015: $48,824Liabilities 2015: $3,443Net Assets 2015: $45,3812015Assets 2016: $80,333Liabilities 2016: $6,355Net Assets 2016: $73,9782016Assets 2017: $99,040Liabilities 2017: $8,795Net Assets 2017: $90,2452017Assets 2018: $152,519Liabilities 2018: $17,697Net Assets 2018: $134,8222018Assets 2019: $152,086Liabilities 2019: $13,742Net Assets 2019: $138,3442019Assets 2020: $154,188Liabilities 2020: $13,200Net Assets 2020: $140,9882020Assets 2021: $151,672Liabilities 2021: $13,846Net Assets 2021: $137,8262021Assets 2022: $185,666Liabilities 2022: $16,201Net Assets 2022: $169,4652022Assets 2023: $210,610Liabilities 2023: $19,521Net Assets 2023: $191,0892023Assets 2024: $212,981Liabilities 2024: $20,486Net Assets 2024: $192,4952024

Highlighted filing

2022

Assets$185,666
Liabilities$16,201
Net Assets$169,465

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100K$50K$0-$50KRevenue 2014: $60,727Expenses 2014: $44,755Net Income 2014: $15,9722014Revenue 2015: $59,917Expenses 2015: $49,228Net Income 2015: $10,6892015Revenue 2016: $74,930Expenses 2016: $46,333Net Income 2016: $28,5972016Revenue 2017: $66,541Expenses 2017: $50,274Net Income 2017: $16,2672017Revenue 2018: $89,129Expenses 2018: $44,552Net Income 2018: $44,5772018Revenue 2019: $43,181Expenses 2019: $39,659Net Income 2019: $3,5222019Revenue 2020: $34,341Expenses 2020: $31,697Net Income 2020: $2,6442020Revenue 2021: $21,887Expenses 2021: $25,049Net Income 2021: -$3,1622021Revenue 2022: $88,585Expenses 2022: $56,946Net Income 2022: $31,6392022Revenue 2023: $89,792Expenses 2023: $68,168Net Income 2023: $21,6242023Revenue 2024: $81,705Expenses 2024: $80,299Net Income 2024: $1,4062024

Highlighted filing

2022

Revenue$88,585
Expenses$56,946
Net Income$31,639
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Apr 30, 2024
Return Version
2021v4.0
Gross Receipts
$149,397
Mission and Program Overview

Mission

Promotion of the downtown expo grounds, economic development through recruitment of events to be held at that space, and guidance of the development and use of the expo property.

Program Services

DescriptionGrantsExpenses
PROMOTION OF THE DOWNTOWN RIVERLOOP AMPHITHEATER AND EXPO GROUNDS, ECONOMIC DEVELOPMENT THROUGH RECRUITMENT OF EVENTS TO BE HELD AT EACH SPACE, AND GUIDANCE OF THE DEVELOPMENT AND USE OF THE AMPHITHEATER AND EXPO PROPERTY.-$56,946
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KENT SHANKLEPresident-$0--
TAVIS HALLTreasurer-$0--
JIM WALSHSecretary-$0--
PAUL HUTINGDirector-$0--
JESSICA RUCKERDirector-$0--
Filing and Contact Details

Filer

Filer Name
Riverloop Association Inc
EIN
26-4618040
Phone
3192914490
Address
225 COMMERCIAL STREET, WATERLOO, IA 50701

Signing Officer

Name
Camille Burkle
Title
Accounting Manager
Phone
3192321156
Signed
2024-04-30
Discuss with paid preparer
Yes

Preparer

Firm
Hogan - Hansen Pc
Address
3128 BROCKWAY ROAD, WATERLOO, IA 50701-5103
Preparer
Steven K Duggan CPA
Phone
3192335225
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

Miscellaneous revenue 13,218 total 13,218

Form 990-ez, Part I, Line 16

Expenses office supples/small equip. 477 travel & education 461 insurance expense 4,291 telephone expense 672 pass-through expenses 6,665 bartender 1,409 refunds 100 band fee 16,486 bank service charges 654 licenses and permits 1,610 equipment rental 3,100 equipment expense purchas 2,268 gratuity paid out 14 cc processing fee 98 square service fee 392 non-investment depreciation 14,646 total 53,343

Form 990-ez, Part II, Line 24

Accounts receivable 11,893 21,165 inventories for sale or use 5,259 5,174 prepaid expenses and deferred charges 6,728 25,961 equipment 68,214 83,074 less accumulated depreciation 9,358 24,007 total 82,736 111,367

Form 990-ez, Part II, Line 26

Sales tax payable 344 1,300 ria staff reimb 13,502 14,856 friends reimbursement to rai 0 45

Form 990-ez, Part III

Promotion of the downtown expo grounds, economic development through recruitment of events to be held at that space, and guidance of the development and use of the expo property.

Raw XML Appendix171 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/PrimaryExemptPurposeTxt0PROMOTION OF THE DOWNTOWN EXPO GROUNDS, ECONOMIC DEVELOPMENT THROUGH RECRUITMENT OF EVENTS TO BE HELD AT THAT SPACE, AND GUIDANCE OF THE DEVELOPMENT AND USE OF THE EXPO PROPERTY.
IRS990EZ/ProgramServiceRevenueAmt02117
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MISCELLANEOUS REVENUE 13,218 TOTAL 13,218
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES OFFICE SUPPLES/SMALL EQUIP. 477 TRAVEL & EDUCATION 461 INSURANCE EXPENSE 4,291 TELEPHONE EXPENSE 672 PASS-THROUGH EXPENSES 6,665 BARTENDER 1,409 REFUNDS 100 BAND FEE 16,486 BANK SERVICE CHARGES 654 LICENSES AND PERMITS 1,610 EQUIPMENT RENTAL 3,100 EQUIPMENT EXPENSE PURCHAS 2,268 GRATUITY PAID OUT 14 CC PROCESSING FEE 98 SQUARE SERVICE FEE 392 NON-INVESTMENT DEPRECIATION 14,646 TOTAL 53,343
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS RECEIVABLE 11,893 21,165 INVENTORIES FOR SALE OR USE 5,259 5,174 PREPAID EXPENSES AND DEFERRED CHARGES 6,728 25,961 EQUIPMENT 68,214 83,074 LESS ACCUMULATED DEPRECIATION 9,358 24,007 TOTAL 82,736 111,367
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SALES TAX PAYABLE 344 1,300 RIA STAFF REIMB 13,502 14,856 FRIENDS REIMBURSEMENT TO RAI 0 45
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROMOTION OF THE DOWNTOWN EXPO GROUNDS, ECONOMIC DEVELOPMENT THROUGH RECRUITMENT OF EVENTS TO BE HELD AT THAT SPACE, AND GUIDANCE OF THE DEVELOPMENT AND USE OF THE EXPO PROPERTY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CAMILLE BURKLE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0ACCOUNTING MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum03192321156
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RIVERLOOP ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0RIVE
ReturnHeader/Filer/EIN0264618040
ReturnHeader/Filer/PhoneNum03192914490
ReturnHeader/Filer/USAddress/AddressLine1Txt0225 COMMERCIAL STREET
ReturnHeader/Filer/USAddress/CityNm0WATERLOO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050701
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0420991212
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HOGAN - HANSEN PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03128 BROCKWAY ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WATERLOO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0507015103
ReturnHeader/PreparerPersonGrp/PhoneNum03192335225
ReturnHeader/PreparerPersonGrp/PreparationDt02024-04-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEVEN K DUGGAN CPA
ReturnHeader/ReturnTs02024-05-08T15:16:21-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CAMILLE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BURKLE
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

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