Civic Intelligence

Riverloop Association Inc.

990EZ • Fiscal year 2023 • EIN 26-4618040

Jul 01, 2022 to Jun 30, 2023 • Filed on May 31, 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.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

87th percentile

0.22x

Higher debt load relative to revenue than 87% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

77th percentile

24%

Higher net margin than 77% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

67th percentile

13%

Faster asset growth than 67% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

46th percentile

1.4%

Faster revenue growth than 46% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$210,610

Up $24,944 (+13%) from 2022

Net Assets

Up

$191,089

Up $21,624 (+13%) from 2022

Liabilities

Up

$19,521

Up $3,320 (+20%) from 2022

Revenue

Up

$89,792

Up $1,207 (+1.4%) from 2022

Expenses

Up

$68,168

Up $11,222 (+20%) from 2022

Net Income

Down

$21,624

Down $10,015 (-32%) from 2022

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

2023

Assets$210,610
Liabilities$19,521
Net Assets$191,089

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

2023

Revenue$89,792
Expenses$68,168
Net Income$21,624
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 31, 2024
Return Version
2022v5.0
Gross Receipts
$113,154
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.-$68,168
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
Chawne Paige
Title
President/director
Phone
3192321156
Signed
2024-05-31
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 3,379 total 3,379

Form 990-ez, Part I, Line 16

Expenses travel & education 336 insurance expense 8,859 telephone expense 672 pass-through expenses 10,657 bartender 1,868 refunds 200 band fee 15,630 bank service charges 896 licenses and permits 1,148 equipment rental 2,292 equipment expense purchas 1,588 square service fee 21 miscellaneous 1,583 repairs and maintenance 2,798 meals & entertainment 236 non-investment depreciation 15,441 total 64,225

Form 990-ez, Part II, Line 24

Accounts receivable 21,165 26,249 inventories for sale or use 5,174 4,897 prepaid expenses and deferred charges 25,961 33,590 equipment 83,074 83,074 less accumulated depreciation 24,007 39,447 total 111,367 108,363

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 0 550 sales tax payable 1,300 2,220 rai staff reimb 14,856 16,706 friends reimbursement to rai 45 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 Appendix170 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.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MISCELLANEOUS REVENUE 3,379 TOTAL 3,379
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES TRAVEL & EDUCATION 336 INSURANCE EXPENSE 8,859 TELEPHONE EXPENSE 672 PASS-THROUGH EXPENSES 10,657 BARTENDER 1,868 REFUNDS 200 BAND FEE 15,630 BANK SERVICE CHARGES 896 LICENSES AND PERMITS 1,148 EQUIPMENT RENTAL 2,292 EQUIPMENT EXPENSE PURCHAS 1,588 SQUARE SERVICE FEE 21 MISCELLANEOUS 1,583 REPAIRS AND MAINTENANCE 2,798 MEALS & ENTERTAINMENT 236 NON-INVESTMENT DEPRECIATION 15,441 TOTAL 64,225
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS RECEIVABLE 21,165 26,249 INVENTORIES FOR SALE OR USE 5,174 4,897 PREPAID EXPENSES AND DEFERRED CHARGES 25,961 33,590 EQUIPMENT 83,074 83,074 LESS ACCUMULATED DEPRECIATION 24,007 39,447 TOTAL 111,367 108,363
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 550 SALES TAX PAYABLE 1,300 2,220 RAI STAFF REIMB 14,856 16,706 FRIENDS REIMBURSEMENT TO RAI 45 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/PersonNm0CHAWNE PAIGE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03192321156
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-31
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
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0420991212
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03128 BROCKWAY ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WATERLOO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0507015103
ReturnHeader/PreparerPersonGrp/PhoneNum03192335225
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEVEN K DUGGAN CPA
ReturnHeader/ReturnTs02024-05-17T12:15:08-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CAMILLE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BURKLE
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

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