Civic Intelligence

Carroll Chamber of Commerce

990 • Fiscal year 2020 • EIN 42-0170016

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 16, 2021

407 W 5th P O Box 307Carroll, IA 51401

(712) 792-4314

Siviq Scores

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

Liabilities / Assets

67th percentile

0.21x

Higher debt load relative to assets than 67% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

83rd percentile

0.46x

Higher debt load relative to revenue than 83% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Net Margin

23rd percentile

-6.2%

Higher net margin than 23% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

72nd percentile

$108,500

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 45.5% of source-year revenue.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Asset Growth

30th percentile

-1.6%

Faster asset growth than 30% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

21st percentile

-28%

Faster revenue growth than 21% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Down

$528,183

Down $8,844 (-1.6%) from 2019

Net Assets

Down

$418,376

Down $14,877 (-3.4%) from 2019

Liabilities

Up

$109,807

Up $6,033 (+5.8%) from 2019

Revenue

Down

$238,395

Down $92,902 (-28%) from 2019

Expenses

Down

$253,273

Down $42,199 (-14%) from 2019

Net Income

Down

-$14,878

Down $50,703 (-142%) from 2019

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $408,456Liabilities 2011: $106,876Net Assets 2011: $301,5802011Assets 2012: $425,060Liabilities 2012: $125,453Net Assets 2012: $299,6072012Assets 2013: $455,671Liabilities 2013: $138,222Net Assets 2013: $317,4492013Assets 2014: $417,335Liabilities 2014: $80,162Net Assets 2014: $337,1732014Assets 2015: $462,983Liabilities 2015: $112,939Net Assets 2015: $350,0442015Assets 2016: $514,200Liabilities 2016: $116,368Net Assets 2016: $397,8322016Assets 2017: $501,492Liabilities 2017: $87,131Net Assets 2017: $414,3612017Assets 2018: $491,252Liabilities 2018: $93,824Net Assets 2018: $397,4282018Assets 2019: $537,027Liabilities 2019: $103,774Net Assets 2019: $433,2532019Assets 2020: $528,183Liabilities 2020: $109,807Net Assets 2020: $418,3762020Assets 2021: $628,692Liabilities 2021: $112,065Net Assets 2021: $516,6272021Assets 2022: $611,470Liabilities 2022: $107,182Net Assets 2022: $504,2882022Assets 2023: $545,441Liabilities 2023: $53,578Net Assets 2023: $491,8632023Assets 2024: $596,477Liabilities 2024: $94,915Net Assets 2024: $501,5622024

Highlighted filing

2020

Assets$528,183
Liabilities$109,807
Net Assets$418,376

Operations Trend

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

$400K$200K$0-$200KRevenue 2011: $282,266Expenses 2011: $293,001Net Income 2011: -$10,7352011Revenue 2012: $313,116Expenses 2012: $313,577Net Income 2012: -$4612012Revenue 2013: $321,554Expenses 2013: $303,712Net Income 2013: $17,8422013Revenue 2014: $342,269Expenses 2014: $322,544Net Income 2014: $19,7252014Revenue 2015: $327,173Expenses 2015: $314,302Net Income 2015: $12,8712015Revenue 2016: $394,702Expenses 2016: $346,929Net Income 2016: $47,7732016Revenue 2017: $337,405Expenses 2017: $320,876Net Income 2017: $16,5292017Revenue 2018: $330,276Expenses 2018: $347,208Net Income 2018: -$16,9322018Revenue 2019: $331,297Expenses 2019: $295,472Net Income 2019: $35,8252019Revenue 2020: $238,395Expenses 2020: $253,273Net Income 2020: -$14,8782020Revenue 2021: $348,662Expenses 2021: $250,411Net Income 2021: $98,2512021Revenue 2022: $306,792Expenses 2022: $319,131Net Income 2022: -$12,3392022Revenue 2023: $340,962Expenses 2023: $353,854Net Income 2023: -$12,8922023Revenue 2024: $346,688Expenses 2024: $336,989Net Income 2024: $9,6992024

Highlighted filing

2020

Revenue$238,395
Expenses$253,273
Net Income-$14,878
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 16, 2021
Return Version
2020v4.1
Gross Receipts
$238,395
Mission and Program Overview

Mission

Promote carroll and carroll county, iowa

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$340,270$206,855▼ $133,415
Land, Buildings, and Equipment, Net$182,422$178,318▼ $4,104
Cash and Non-Interest-Bearing Accounts$110$127,729▲ $127,619
Accounts Receivable$8,557$11,583▲ $3,026
Prepaid Expenses and Deferred Charges$5,668$3,698▼ $1,970
Total Assets$537,027$528,183▼ $8,844
Liabilities
Deferred Revenue$82,980$89,227▲ $6,247
Accounts Payable and Accrued Expenses$20,794$20,580▼ $214
Total Liabilities$103,774$109,807▲ $6,033
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$433,253$418,376▼ $14,877
Total Net Assets Fund Balance$433,253$418,376▼ $14,877
Total Liabilities and Net Assets / Fund Balance$537,027$528,183▼ $8,844

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$120,781$120,781
Buildings$111,909-$111,909
Leasehold Improvements$66,409$34,663$101,072
Land$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Shannon LandauerExecutive DirectorFT$108,500$108,500

Board Members and Trustees

NameTitle
Ted GarringerPast President
Mark NepplePresident
Christy AnthoferPresidential Appointee
Tim GuteVice President
Beth GlynnDirector
Denae RosdailDirector
Jerod KruseDirector
Josh AxmanDirector
Kathy SteffesDirector
Kevin ReinckeDirector
Kevin SkinnerDirector
Nathan Lueth DcDirector
Steve AuenDirector
Tyler MccalebDirector
Jeff VonnahmeAg Representative
Lori GretemanSecretary-treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$162,860
Program Service Revenue
$74,255
Investment Income
$1,280
Other Revenue
$0
All Other Contributions
$5,000
Change in Net Assets
$-14,878

Audited Revenue Reconciliation

Revenue per Audited Statements
$238,395
Total Revenue per Audited Statements
$238,395
Total Revenue per Form 990
$238,395
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$239,765
Other Expenses$13,508
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$0$108,500$0$108,500
Other Salaries and Wages$0$108,387$0$108,387
Occupancy$0$25,277$0$25,277
Advertising$23,158$0$0$23,158
Payroll Taxes$0$17,004$0$17,004
Insurance$0$10,965$0$10,965
Fees for Services Accounting$0$10,098$0$10,098
Office Expenses$259$8,728$0$8,987
Information Technology$0$7,213$0$7,213
Pension Plan Contributions$0$5,723$0$5,723
Other Expenses$5,577$0$0$5,577
Depreciation Depletion$0$4,104$0$4,104
Conferences and Meetings$180$0$0$180
Other Employee Benefits$0$151$0$151
All Other Expenses$6,150$-102,981$0$-96,831
Total Functional Expenses$48,114$205,159$0$253,273

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$253,273
Total Expenses per Audited Statements$253,273
Total Expenses per Form 990$253,273
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Carroll Chamber of Commerce
EIN
42-0170016
Phone
7127924314
Address
407 W 5th P O Box 307, Carroll, IA 51401

Signing Officer

Name
Rosanne Nees
Title
Business Development Director
Phone
7127924314
Signed
2021-08-16
Discuss with paid preparer
Yes

Organization Details

Formed
1942
Legal Domicile
Ia
Voting Board Members
16
Independent Board Members
16
Employees
4
Volunteers
300

Preparer

Firm
John D Morrow CPA
Address
109 Main Street PO Box 400, Wall Lake, IA 51466
Preparer
John D Morrow
Phone
7126642891
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

All persons who pay the annual dues as set forth by the by-laws by virtue of such payment are considered members.

Pt VI, Line 7A

The members of Carroll Chamber of Commerce elect the Board of Directors.

Pt VI, Line 11B

The Board of Directors receive a copy for review at a regular board of directors meeting.

Pt VI, Line 12C

The organization's governing documents including the conflict of interest policy, etc are reviewed annually and monitored by management and the board.

Pt VI, Line 18

No documents made available to the public except upon written request.

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IRS990/LandBldgEquipBasisNetGrp/EOYAmt0178318
IRS990/LandBldgEquipCostOrOtherBssAmt0333762
IRS990/LegalDomicileStateCd0IA
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt0157860
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROMOTE CARROLL AND CARROLL COUNTY, IOWA
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0433253
IRS990/NetAssetsOrFundBalancesEOYAmt0418376
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0433253
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0418376
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt025277
IRS990/OccupancyGrp/ProgramServicesAmt00
IRS990/OccupancyGrp/TotalAmt025277
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08728
IRS990/OfficeExpensesGrp/ProgramServicesAmt0259
IRS990/OfficeExpensesGrp/TotalAmt08987
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0151
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0151
IRS990/OtherExpensesGrp/Desc0TELEPHONE/INTERNET
IRS990/OtherExpensesGrp/Desc1SUPPLIES & MISC
IRS990/OtherExpensesGrp/Desc2PRINTING
IRS990/OtherExpensesGrp/Desc3ANNUAL BANQUET
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01990
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt111068
IRS990/OtherExpensesGrp/ProgramServicesAmt21722
IRS990/OtherExpensesGrp/ProgramServicesAmt35577
IRS990/OtherExpensesGrp/TotalAmt01990
IRS990/OtherExpensesGrp/TotalAmt111068
IRS990/OtherExpensesGrp/TotalAmt21722
IRS990/OtherExpensesGrp/TotalAmt35577
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0108387
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt0108387
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt017004
IRS990/PayrollTaxesGrp/ProgramServicesAmt00
IRS990/PayrollTaxesGrp/TotalAmt017004
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt05723
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt05723
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05668
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03698
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Shannon Landauer
IRS990/PriorPeriodAdjustmentsAmt01
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0999999
IRS990/ProgramServiceRevenueGrp/BusinessCd1999999
IRS990/ProgramServiceRevenueGrp/BusinessCd2999999
IRS990/ProgramServiceRevenueGrp/BusinessCd3999999
IRS990/ProgramServiceRevenueGrp/BusinessCd4999999
IRS990/ProgramServiceRevenueGrp/Desc0EVENTS REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1TOURISM REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2PROMOTIONS REVENUE
IRS990/ProgramServiceRevenueGrp/Desc3SALES/RENT
IRS990/ProgramServiceRevenueGrp/Desc4NEWSLETTER
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/ExclusionAmt30
IRS990/ProgramServiceRevenueGrp/ExclusionAmt40
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt036457
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt121041
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt213551
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31866
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt41340
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt40
IRS990/ProgSrvcAccomActy2Grp/Desc0TOURISM - $14,904 PROMOTIONS - $ 3,243 DEFINE AND PROMOTE CARROLL'S IMAGE AS A BUSINESS COMMUNITY, PROMOTE DOWNTOWN AND COMMUNITY DEVELOPMENTS, INCREASE MEMBERSHIP INVOLVEMENT IN GOVERNMENT AND LEGISLATIVE ISSUES
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt018147
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt034592
IRS990/ProgSrvcAccomActy3Grp/Desc0MEMBERSHIP - $ 4,474 CREATE VALUE FOR MEMBERSHIP, RETAIN EXISTING MEMBERS, INCREASE INVOLVEMENT OF ALL MEMBERS
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt04474
IRS990/ProgSrvcAccomActy3Grp/GrantAmt01340
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0180185
IRS990/PYInvestmentIncomeAmt01715
IRS990/PYOtherExpensesAmt035795
IRS990/PYProgramServiceRevenueAmt0149397
IRS990/PYRevenuesLessExpensesAmt035825
IRS990/PYSalariesCompEmpBnftPaidAmt0259677
IRS990/PYTotalExpensesAmt0295472
IRS990/PYTotalRevenueAmt0331297
IRS990/ReconcilationRevenueExpnssAmt0-14878
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt038323
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0340270
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0206855
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0true
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0111909
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0111909
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0120781
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0120781
IRS990ScheduleD/ExpensesSubtotalAmt0253273
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt066409
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt034663
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0101072
IRS990ScheduleD/RevenueSubtotalAmt0238395
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0178318
IRS990ScheduleD/TotalExpensesPerForm990Amt0253273
IRS990ScheduleD/TotalRevenuePerForm990Amt0238395
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0238395
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0253273
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0All persons who pay the annual dues as set forth by the by-laws by virtue of such payment are considered members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The members of Carroll Chamber of Commerce elect the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board of Directors receive a copy for review at a regular board of directors meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization's governing documents including the conflict of interest policy, etc are reviewed annually and monitored by management and the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4No documents made available to the public except upon written request.

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.96$0.95$5.02$3.47$3.37$0.10
2023Summary only. Only limited summary data is available for this year.$5.45$0.54$4.92$3.41$3.54$0.13
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.11$1.07$5.04$3.07$3.19$0.12
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.29$1.12$5.17$3.49$2.50$0.98
2020Detailed filing. Detailed filing data is available for this year.$5.28$1.10$4.18$2.38$2.53$0.15
2019Summary only. Only limited summary data is available for this year.$5.37$1.04$4.33$3.31$2.95$0.36
2018Summary only. Only limited summary data is available for this year.$4.91$0.94$3.97$3.30$3.47$0.17
2017Summary only. Only limited summary data is available for this year.$5.01$0.87$4.14$3.37$3.21$0.17
2016Summary only. Only limited summary data is available for this year.$5.14$1.16$3.98$3.95$3.47$0.48
2015Summary only. Only limited summary data is available for this year.$4.63$1.13$3.50$3.27$3.14$0.13
2014Summary only. Only limited summary data is available for this year.$4.17$0.80$3.37$3.42$3.23$0.20
2013Summary only. Only limited summary data is available for this year.$4.56$1.38$3.17$3.22$3.04$0.18
2012Summary only. Only limited summary data is available for this year.$4.25$1.25$3.00$3.13$3.14$0.00
2011Summary only. Only limited summary data is available for this year.$4.08$1.07$3.02$2.82$2.93$0.11