Liabilities / Assets
86th percentile
Higher debt load relative to assets than 86% of similar nonprofits.
Independence Area Chamber of Commerce
EIN 42-0327385 • 501(c)6 • Independence, IA
Profile
Economic and community betterment
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.33x
Liabilities / Revenue
94th percentile
Higher debt load relative to revenue than 94% of similar nonprofits.
Net Margin
34th percentile
Higher net margin than 34% of similar nonprofits.
Top Officer Pay
77th percentile
Higher top officer pay than 77% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
43rd percentile
Faster asset growth than 43% of similar nonprofits.
Revenue Growth
23rd percentile
Faster revenue growth than 23% of similar nonprofits.
Balance Sheet
Assets
Down$107,519
Down $5,936 (-5.2%) from 2016
Liabilities
Down$35,149
Down $1,048 (-2.9%) from 2016
Net Assets
-
No earlier filing loaded for comparison.
Revenue
Down$58,547
Down $17,637 (-23%) from 2016
Expenses
Up$63,420
Up $1,628 (+2.6%) from 2016
Net Income
Down-$4,873
Down $19,265 (-134%) from 2016
Trend Graphs
Filings
Most recent year
2017 • Form 990EZSummary only. Only limited summary data is available for this year.
- Assets
- $107,519
- Liabilities
- $35,149
- Net assets
- -
- Revenue
- $58,547
- Expenses
- $63,420
- Net income
- -$4,873
Latest Detailed Filing
The latest 2017 filing currently has summary financial data only. Showing the latest detailed filing from 2016 below.
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
| Description | Grants | Expenses |
|---|---|---|
| 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
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| JORDAN WULFEKUHLE | Director | - | $0 | - | - |
| TYLER RASMUSSEN | President | - | $0 | - | - |
| STEPHANIE CHRISTIAN | Secretary | - | $0 | - | - |
| ABBY WILEY | Director | - | $0 | - | - |
| STEVE SLESSOR | Director | - | $0 | - | - |
| ANGIE SCHARES | Director | - | $0 | - | - |
| ANGIE ANDERSON | Director | - | $0 | - | - |
| CAMI FRANK | Director | - | $0 | - | - |
| ANDY HAUBER | Vice President | - | $0 | - | - |
Fundraising, Events, and Gaming
Fundraising Events
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net 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/BooksInCareOfDetail/PhoneNum | 0 | 3193347178 |
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| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | INDEPENDENCE |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | IA |
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| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 39524 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 48415 |
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| IRS990EZ/CostOfGoodsSoldAmt | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 14392 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
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| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 113455 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 49600 |
| IRS990EZ/GrossReceiptsAmt | 0 | 104635 |
| IRS990EZ/GrossReceiptsForPublicUseAmt | 0 | 0 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InitiationFeesAndCapContriAmt | 0 | 0 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 47965 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 46522 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MembershipDuesAmt | 0 | 42888 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 62866 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 77258 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 62866 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 77258 |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 0.25 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 0.25 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 0.25 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 0.25 |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 8 | 0.25 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 7 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 8 | 0 |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | TYLER RASMUSSEN |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | ABBY WILEY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | STEVE SLESSOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | ANGIE SCHARES |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | ANGIE ANDERSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 7 | CAMI FRANK |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 8 | ANDY HAUBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Secretary |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 7 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 8 | Vice President |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationFiled990TInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 15301 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 18518 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 17896 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 10806 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | ECONOMIC AND COMMUNITY BETTERMENT |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 352 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 1341 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | 240 MEMBERS SERVED - MONTHLY NEWSLETTER AND VARIOUS COMMUNITY PROMOTIONS. NETWORKING, REFERALS, AND WEBSITE VISABIITY. PROMOTION OF THE INDEPENDENCE AREA BUSINESS COMMUNITY AND DEVELOPMENT. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 61792 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 38469 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 28451 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 21149 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 39924 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 36197 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 61792 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 61792 |
| IRS990EZ/TotalRevenueAmt | 0 | 76184 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.INDYCOMMERCE.COM |
| IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt | 0 | 20243 |
| IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm | 0 | FRIDAY NIGHT LI |
| IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm | 0 | ZOMBIE RUN |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt | 0 | 18022 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt | 0 | 7859 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt | 0 | 7524 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt | 0 | 33405 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt | 0 | 18022 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt | 0 | 7859 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt | 0 | 7524 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt | 0 | 33405 |
| IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt | 0 | 13162 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt | 0 | 3322 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt | 0 | 20243 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt | 0 | 12547 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt | 0 | 4374 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | RENT INCOME $10785 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | INTEREST INCOME $21 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Advertising and Promotion $473 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Office Expenses $8055 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Information Technology $585 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Travel $151 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | Interest $1956 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | Depreciation $1970 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | Insurance $4006 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | DOLLARS FOR SCHOLARS $500 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | MISCELLANEOUS $131 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 11 | BANK SERVICE CHARGES $35 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 12 | MEETING EXPENSE $34 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 13 | Machinery and Equipment - Beginning $2501 Machinery and Equipment - Ending $1974 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 14 | Accounts Receivable - Beginning $12800 Accounts Receivable - Ending $16544 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 15 | Accounts Payable and Accrued Expenses - Beginning $967 Accounts Payable and Accrued Expenses - Ending $49 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 16 | Secured Mortgages and Notes Payable - Beginning $38153 Secured Mortgages and Notes Payable - Ending $35230 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 17 | PAYROLL LIABILITIES - Beginning $804 PAYROLL LIABILITIES - Ending $918 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Other Revenue.1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Other Revenue.2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Other Expenses.1001 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Other Expenses.1002 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Other Expenses.1003 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Other Expenses.1005 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Other Expenses.1008 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Other Expenses.1009 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Other Expenses.1012 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | Other Expenses.1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 10 | Other Expenses.3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 11 | Other Expenses.4 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 12 | Other Expenses.5 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 13 | Other Assets.1003 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 14 | Other Assets.1005 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 15 | Total Liabilities.1001 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 16 | Total Liabilities.1007 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 17 | Total Liabilities.1 |
| ReturnHeader/BuildTS | 0 | 2017-02-10 21:41:12Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | TYLER RASMUSSEN |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2017-02-20 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | INDEPENDENCE AREA CHAMBER OF COMMERCE |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | INDE |
| ReturnHeader/Filer/EIN | 0 | 420327385 |
| ReturnHeader/Filer/PhoneNum | 0 | 3193347178 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 112 1ST STREET E |
| ReturnHeader/Filer/USAddress/CityNm | 0 | INDEPENDENCE |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | IA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 50644 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | RFSW & Co CPAs PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 14 East Charles St |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Oelwein |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | IA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 50662 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 3192831173 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Alan W Flick |
| ReturnHeader/ReturnTs | 0 | 2017-02-20T12:39:31-08:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2016-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2016-12-31 |
| ReturnHeader/TaxYr | 0 | 2016 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.