Civic Intelligence

Independence Area Chamber of Commerce

990EZ • Fiscal year 2016 • EIN 42-0327385

Jan 01, 2016 to Dec 31, 2016 • Filed on Feb 20, 2017

112 1st Street EIndependence, IA 50644

(319) 334-7178

Siviq Scores

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

Liabilities / Assets

86th percentile

0.32x

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

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

94th percentile

0.48x

Higher debt load relative to revenue than 94% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Net Margin

83rd percentile

19%

Higher net margin than 83% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Top Officer Pay

69th percentile

$0

Higher top officer pay than 69% of similar nonprofits.

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

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Asset Growth

66th percentile

10%

Faster asset growth than 66% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

59th percentile

4.7%

Faster revenue growth than 59% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$113,455

Up $10,665 (+10%) from 2015

Net Assets

Up

$77,258

Up $14,392 (+23%) from 2015

Liabilities

Down

$36,197

Down $3,727 (-9.3%) from 2015

Revenue

Up

$76,184

Up $3,393 (+4.7%) from 2015

Expenses

Down

$61,792

Down $11,648 (-16%) from 2015

Net Income

Up

$14,392

Up $15,041 (+2318%) from 2015

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2011: $97,205Liabilities 2011: $40,7192011Assets 2012: $111,317Liabilities 2012: $48,6022012Assets 2013: $110,812Liabilities 2013: $49,974Net Assets 2013: $60,8382013Assets 2014: $107,108Liabilities 2014: $43,593Net Assets 2014: $63,5152014Assets 2015: $102,790Liabilities 2015: $39,924Net Assets 2015: $62,8662015Assets 2016: $113,455Liabilities 2016: $36,197Net Assets 2016: $77,2582016Assets 2017: $107,519Liabilities 2017: $35,1492017

Highlighted filing

2016

Assets$113,455
Liabilities$36,197
Net Assets$77,258

Operations Trend

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

$100K$50K$0-$50KRevenue 2011: $86,799Expenses 2011: $75,255Net Income 2011: $11,5442011Revenue 2012: $88,396Expenses 2012: $82,167Net Income 2012: $6,2292012Revenue 2013: $88,550Expenses 2013: $90,427Net Income 2013: -$1,8772013Revenue 2014: $74,515Expenses 2014: $71,838Net Income 2014: $2,6772014Revenue 2015: $72,791Expenses 2015: $73,440Net Income 2015: -$6492015Revenue 2016: $76,184Expenses 2016: $61,792Net Income 2016: $14,3922016Revenue 2017: $58,547Expenses 2017: $63,420Net Income 2017: -$4,8732017

Highlighted filing

2016

Revenue$76,184
Expenses$61,792
Net Income$14,392
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Feb 20, 2017
Return Version
2016v3.0
Gross Receipts
$104,635
Mission and Program Overview

Mission

Economic and community betterment

Program Services

DescriptionGrantsExpenses
240 MEMBERS SERVED - MONTHLY NEWSLETTER AND VARIOUS COMMUNITY PROMOTIONS. NETWORKING, REFERALS, AND WEBSITE VISABIITY. PROMOTION OF THE INDEPENDENCE AREA BUSINESS COMMUNITY AND DEVELOPMENT.$61,792-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JORDAN WULFEKUHLEDirector-$0--
TYLER RASMUSSENPresident-$0--
STEPHANIE CHRISTIANSecretary-$0--
ABBY WILEYDirector-$0--
STEVE SLESSORDirector-$0--
ANGIE SCHARESDirector-$0--
ANGIE ANDERSONDirector-$0--
CAMI FRANKDirector-$0--
ANDY HAUBERVice President-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Friday Night Li$18,022$18,022$12,547$5,475
Zombie Run$7,859$7,859$4,374$3,485
Total Events$33,405$33,405$20,243$13,162
Filing and Contact Details

Filer

Filer Name
Independence Area Chamber of Commerce
EIN
42-0327385
Phone
3193347178
Address
112 1ST STREET E, INDEPENDENCE, IA 50644

Signing Officer

Name
Tyler Rasmussen
Title
President
Signed
2017-02-20
Discuss with paid preparer
Yes

Preparer

Firm
RFSW & Co CPAs PC
Address
14 East Charles St, Oelwein, IA 50662
Preparer
Alan W Flick
Phone
3192831173
Supplemental Narrative

Additional Explanations

Other Revenue.1

RENT INCOME $10785

Other Revenue.2

INTEREST INCOME $21

Other Expenses.1001

Advertising and Promotion $473

Other Expenses.1002

Office Expenses $8055

Other Expenses.1003

Information Technology $585

Other Expenses.1005

Travel $151

Other Expenses.1008

Interest $1956

Other Expenses.1009

Depreciation $1970

Other Expenses.1012

Insurance $4006

Other Expenses.1

Dollars for scholars $500

Other Expenses.3

MISCELLANEOUS $131

Other Expenses.4

BANK SERVICE CHARGES $35

Other Expenses.5

MEETING EXPENSE $34

Other Assets.1003

Machinery and Equipment - Beginning $2501 Machinery and Equipment - Ending $1974

Other Assets.1005

Accounts Receivable - Beginning $12800 Accounts Receivable - Ending $16544

Total Liabilities.1001

Accounts Payable and Accrued Expenses - Beginning $967 Accounts Payable and Accrued Expenses - Ending $49

Total Liabilities.1007

Secured Mortgages and Notes Payable - Beginning $38153 Secured Mortgages and Notes Payable - Ending $35230

Total Liabilities.1

PAYROLL LIABILITIES - Beginning $804 PAYROLL LIABILITIES - Ending $918

Raw XML Appendix182 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/OfficerDirectorTrusteeEmplGrp/TitleTxt6Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7Director
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IRS990EZ/OperateHospitalInd0false
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IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt04374
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RENT INCOME $10785
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INTEREST INCOME $21
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Advertising and Promotion $473
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Office Expenses $8055
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Information Technology $585
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Travel $151
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Interest $1956
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Depreciation $1970
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Insurance $4006
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9DOLLARS FOR SCHOLARS $500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10MISCELLANEOUS $131
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11BANK SERVICE CHARGES $35
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12MEETING EXPENSE $34
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Machinery and Equipment - Beginning $2501 Machinery and Equipment - Ending $1974
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Accounts Receivable - Beginning $12800 Accounts Receivable - Ending $16544
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15Accounts Payable and Accrued Expenses - Beginning $967 Accounts Payable and Accrued Expenses - Ending $49
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16Secured Mortgages and Notes Payable - Beginning $38153 Secured Mortgages and Notes Payable - Ending $35230
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17PAYROLL LIABILITIES - Beginning $804 PAYROLL LIABILITIES - Ending $918
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Revenue.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Revenue.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1002
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ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TYLER RASMUSSEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INDEPENDENCE AREA CHAMBER OF COMMERCE
ReturnHeader/Filer/BusinessNameControlTxt0INDE
ReturnHeader/Filer/EIN0420327385
ReturnHeader/Filer/PhoneNum03193347178
ReturnHeader/Filer/USAddress/AddressLine1Txt0112 1ST STREET E
ReturnHeader/Filer/USAddress/CityNm0INDEPENDENCE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050644
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RFSW & Co CPAs PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt014 East Charles St
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Oelwein
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd050662
ReturnHeader/PreparerPersonGrp/PhoneNum03192831173
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Alan W Flick
ReturnHeader/ReturnTs02017-02-20T12:39:31-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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Filings