Civic Intelligence

Spencer Chamber of Commerce

990 • Fiscal year 2014 • EIN 42-0537390

Oct 01, 2013 to Sep 30, 2014 • Filed on Nov 13, 2014

Organization ProfileN/A

View Organization Page

122 West 5th Street51301

(712) 262-5680

Siviq Scores

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

Liabilities / Assets

70th percentile

0.07x

Higher debt load relative to assets than 70% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

65th percentile

0.03x

Higher debt load relative to revenue than 65% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Net Margin

30th percentile

-4.3%

Higher net margin than 30% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Top Officer Pay

68th percentile

$0

Higher top officer pay than 68% of similar nonprofits.

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

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Asset Growth

69th percentile

14%

Faster asset growth than 69% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

92nd percentile

52%

Faster revenue growth than 92% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets70th percentile

Assets

Up

$155,792

Up $19,060 (+14%) from 2013

Net Assets

Up

$144,362

Up $22,633 (+19%) from 2013

Liabilities

Down

$11,430

Down $3,573 (-24%) from 2013

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin30th percentile

Revenue

Up

$455,149

Up $155,342 (+52%) from 2013

Expenses

Up

$474,716

Up $104,396 (+28%) from 2013

Net Income

Up

-$19,567

Up $50,946 (+72%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth69th percentile

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

$300K$200K$100K$0Assets 2010: $39,666Liabilities 2010: $23,498Net Assets 2010: $16,1682010Assets 2011: $66,660Liabilities 2011: $23,787Net Assets 2011: $42,8732011Assets 2012: $178,152Liabilities 2012: $24,410Net Assets 2012: $153,7422012Assets 2013: $136,732Liabilities 2013: $15,003Net Assets 2013: $121,7292013Assets 2014: $155,792Liabilities 2014: $11,430Net Assets 2014: $144,3622014Assets 2015: $298,941Liabilities 2015: $113,934Net Assets 2015: $185,0072015Assets 2016: $207,139Liabilities 2016: $80,460Net Assets 2016: $126,6792016Assets 2017: $230,203Liabilities 2017: $76,220Net Assets 2017: $153,9832017Assets 2018: $228,858Liabilities 2018: $49,212Net Assets 2018: $179,6462018Assets 2019: $238,081Liabilities 2019: $40,857Net Assets 2019: $197,2242019Assets 2020: $180,116Liabilities 2020: $3,503Net Assets 2020: $176,6132020Assets 2021: $235,721Liabilities 2021: $3,909Net Assets 2021: $231,8122021Assets 2022: $239,977Liabilities 2022: $3,749Net Assets 2022: $236,2282022Assets 2023: $228,268Liabilities 2023: $6,587Net Assets 2023: $221,6812023Assets 2024: $255,120Liabilities 2024: $144,734Net Assets 2024: $110,3862024

Highlighted filing

2014

Assets$155,792
Liabilities$11,430
Net Assets$144,362
Open 2014 Filing

Operations Trend

Revenue Growth92nd percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $935,1412010Expenses 2011: $1,176,1402011Expenses 2012: $385,3362012Revenue 2013: $299,807Expenses 2013: $370,320Net Income 2013: -$70,5132013Revenue 2014: $455,149Expenses 2014: $474,716Net Income 2014: -$19,5672014Revenue 2015: $422,090Expenses 2015: $381,445Net Income 2015: $40,6452015Revenue 2016: $339,193Expenses 2016: $359,134Net Income 2016: -$19,9412016Revenue 2017: $396,166Expenses 2017: $368,862Net Income 2017: $27,3042017Revenue 2018: $318,346Expenses 2018: $292,683Net Income 2018: $25,6632018Revenue 2019: $317,276Expenses 2019: $299,698Net Income 2019: $17,5782019Revenue 2020: $288,536Expenses 2020: $309,147Net Income 2020: -$20,6112020Revenue 2021: $367,967Expenses 2021: $312,768Net Income 2021: $55,1992021Revenue 2022: $340,627Expenses 2022: $336,211Net Income 2022: $4,4162022Revenue 2023: $381,117Expenses 2023: $395,664Net Income 2023: -$14,5472023Revenue 2024: $302,949Expenses 2024: $414,244Net Income 2024: -$111,2952024

Highlighted filing

2014

Revenue$455,149
Expenses$474,716
Net Income-$19,567
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2013 to Sep 30, 2014
Signed
Nov 13, 2014
Return Version
2013v4.0
Gross Receipts
$455,149
Mission and Program Overview

Mission

Promote civic, economic, industrial, and agricultural development. The association is committed to fostering an environment which creates jobs, enhances economic opportuinities, and improves the quality of life in the area.

Spencer Chamber of Commerce endeavors to promote civic, economic, industrial, and agricultural development. The association is committed to fostering an environment which creates jobs, enhances economic opportunities and improves the quality of life for the Spencer area. By pooling the talents and resources of the entire community, this voluntary organization of business and industry works together to improve the quality of life for the Spencer area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$75,122$77,563▲ $2,441
Cash and Non-Interest-Bearing Accounts$50,923$70,760▲ $19,837
Land, Buildings, and Equipment, Net$6,284$3,853▼ $2,431
Prepaid Expenses and Deferred Charges$3,706$3,100▼ $606
Accounts Receivable$455$516▲ $61
Pledges and Grants Receivable$242--
Total Assets$136,732$155,792▲ $19,060
Liabilities
Deferred Revenue$10,897$10,862▼ $35
Accounts Payable and Accrued Expenses$242$350▲ $108
Other Liabilities$3,864$218▼ $3,646
Total Liabilities$15,003$11,430▼ $3,573
Net Assets / Fund Balance
Unrestricted Net Assets$92,592$115,225▲ $22,633
Permanently Rstr Net Assets$29,137$29,137→ $0
Total Net Assets Fund Balance$121,729$144,362▲ $22,633
Total Liabilities and Net Assets / Fund Balance$136,732$155,792▲ $19,060

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,853$157,771$161,624
Compensation and Service Providers
Top Officer Pay68th percentile

Board Members and Trustees

NameTitle
Jeremy ParsonsChair
Jarrett SmithPast Chair
Nate NewhouseVice Chair
Eric Vander HeideDirector
Erick StuckeyDirector
Kari RoskensDirector
Melissa CunninghamDirector
Cindy TiggesSecretary
Rod MeenderingTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$208,485
Program Service Revenue
$236,199
Investment Income
$0
Other Revenue
$10,465
All Other Contributions
$7,000
Change in Net Assets
$-19,567
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$321,195
Salaries, Compensation, and Employee Benefits$153,521
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$25,839$113,417-$139,256
All Other Expenses$100,351$6,806-$107,157
Advertising$47,063--$47,063
Occupancy$9,423$9,880-$19,303
Insurance$1,225$9,750-$10,975
Payroll Taxes$2,044$8,819-$10,863
Office Expenses$7,036$1,402-$8,438
Information Technology-$4,262-$4,262
Conferences and Meetings-$3,959-$3,959
Pension Plan Contributions-$3,402-$3,402
Other Expenses$3,124$2,520-$2,520
Depreciation Depletion-$2,430-$2,430
Travel$763$480-$1,243
Fees for Services Accounting-$450-$450
Fees for Services Other$423--$423
Total Functional Expenses$307,139$167,577$0$474,716
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes Payable$168
Chamber Dollars Payable$50
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
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

EIN
42-0537390
Phone
7122625680

Signing Officer

Name
Jeremy Parsons
Title
Chair
Phone
7122625680
Signed
2014-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jarrett Smith
Formed
1932
Legal Domicile
Ia
Voting Board Members
9
Independent Board Members
9
Employees
4
Volunteers
500

Preparer

Preparer
Alana Heying
Phone
7125803202
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“Form 990 is presented to the Board of Directors for review”

Pt VI, Line 11B

“before submission to the IRS. Once approved by the Board”

Pt VI, Line 11B

“the Form 990 is filed.”

Pt VI, Line 19

“All public documents are available for viewing in the”

Pt VI, Line 19

“Chamber office upon request.”

Pt VI, Line 15A

“The salary of key employees is determined by the”

Pt VI, Line 15A

“Executive Director using comparable salaries for the”

Pt VI, Line 15A

“position as well as adjustments for experience in”

Pt VI, Line 15A

“similar positions.”

Pt VI, Line 6

“The organization has members consisting of local businesses”

Pt VI, Line 6

“who provide membership dues for the operation of the Chamber.”

Pt VI, Line 7A

“Members are nominated for the Board of Directors by a”

Pt VI, Line 7A

“committee consisting of current Board Directors. The”

Pt VI, Line 7A

“list of nominees is then provided to all members for”

Pt VI, Line 7A

“vote with highest vote count becoming Directors.”

Pt VI, Line 12C

“Each year employees and board members are required to read”

Pt VI, Line 12C

“review and sign the conflict of interest policy. The interested”

Pt VI, Line 12C

“persons are also responsible to report any changes in this”

Pt VI, Line 12C

“situation during the year.”

Pt VI, Line 15B

“The salary of Key Employees is determined by the Board of Directors”

Form 990, Part III, Line 4D

“Golf outing - a social event offering a fun activity for 10665. Annual meeting - a social event used for networking 2940. Business after hours - a monthly gathering of chamber 649. Ag breakfast - a social event offering a great meal 2225. Bowling outing - a social event offering a fun activity 4004. Ag experience - event featuring agricultural tours as 2600. Clay county convention & visitor's bureau - using member information to actively 2897. Leadership spencer - program developed to work toget”

Form 990, Part IX, Line 24F

“Dues & subscriptions 2466. 2466. Board expense 235. 235. Entertainment 17101. 17101. Entry fees 4562. 4562. Equipment rental & mx 1743. 1743. Administrative expenses 2362. 2362. Apparel 47. 47. Store front innitiative 78641. 78641.”

Raw XML AppendixShowing 400 of 425 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0242
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0350
IRS990/AccountsReceivableGrp/BOYAmt0455
IRS990/AccountsReceivableGrp/EOYAmt0516
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Spencer Chamber of Commerce endeavors to promote civic, economic, industrial, and agricultural development. The association is committed to fostering an environment which creates jobs, enhances economic opportunities and improves the quality of life for the Spencer area. By pooling the talents and resources of the entire community, this voluntary organization of business and industry works together to improve the quality of life for the Spencer area.
IRS990/AdvertisingGrp/ProgramServicesAmt047063
IRS990/AdvertisingGrp/TotalAmt047063
IRS990/AllOtherContributionsAmt07000
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt06806
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0100351
IRS990/AllOtherExpensesGrp/TotalAmt0107157
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0WILLIAM CAMPBELL
IRS990/BooksInCareOfDetail/PhoneNum07122625680
IRS990/BooksInCareOfDetail/USAddress/AddressLine10122 West 5th Street
IRS990/BooksInCareOfDetail/USAddress/City0Spencer
IRS990/BooksInCareOfDetail/USAddress/State0IA
IRS990/BooksInCareOfDetail/USAddress/ZIPCode051301
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt050923
IRS990/CashNonInterestBearingGrp/EOYAmt070760
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt03959
IRS990/ConferencesMeetingsGrp/TotalAmt03959
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0208485
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0321195
IRS990/CYOtherRevenueAmt010465
IRS990/CYProgramServiceRevenueAmt0236199
IRS990/CYRevenuesLessExpensesAmt0-19567
IRS990/CYSalariesCompEmpBnftPaidAmt0153521
IRS990/CYTotalExpensesAmt0474716
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0455149
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt010897
IRS990/DeferredRevenueGrp/EOYAmt010862
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt02430
IRS990/DepreciationDepletionGrp/TotalAmt02430
IRS990/Desc0FLAGFEST - THREE DAY CITY CELEBRATION OF FLAG DAY, PARADE, CARNIVAL, SPORTS CONTESTS, AND RELATED ACTIVITIES TO DRAW PEEOPLE TO THE COMMUNITY.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt04
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0450
IRS990/FeesForServicesAccountingGrp/TotalAmt0450
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0423
IRS990/FeesForServicesOtherGrp/TotalAmt0423
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.69
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.69
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.69
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.69
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.69
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.69
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.69
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.69
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.69
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/PersonNm0MELISSA CUNNINGHAM
IRS990/Form990PartVIISectionAGrp/PersonNm1NATE NEWHOUSE
IRS990/Form990PartVIISectionAGrp/PersonNm2JARRETT SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm3ERICK STUCKEY
IRS990/Form990PartVIISectionAGrp/PersonNm4CINDY TIGGES
IRS990/Form990PartVIISectionAGrp/PersonNm5ROD MEENDERING
IRS990/Form990PartVIISectionAGrp/PersonNm6KARI ROSKENS
IRS990/Form990PartVIISectionAGrp/PersonNm7ERIC VANDER HEIDE
IRS990/Form990PartVIISectionAGrp/PersonNm8JEREMY PARSONS
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Past Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt5Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Chair
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01932
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GovernmentGrantsAmt098485
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0455149
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt09
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt04262
IRS990/InformationTechnologyGrp/TotalAmt04262
IRS990/InsuranceGrp/ManagementAndGeneralAmt09750
IRS990/InsuranceGrp/ProgramServicesAmt01225
IRS990/InsuranceGrp/TotalAmt010975
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0157771
IRS990/LandBldgEquipBasisNetGrp/BOYAmt06284
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03853
IRS990/LandBldgEquipCostOrOtherBssAmt0161624
IRS990/LegalDomicileStateCd0IA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt0103000
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Spencer Chamber of Commerce endeavors to promote civic, economic, industrial, and
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0121729
IRS990/NetAssetsOrFundBalancesEOYAmt0144362
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt09880
IRS990/OccupancyGrp/ProgramServicesAmt09423
IRS990/OccupancyGrp/TotalAmt019303
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01402
IRS990/OfficeExpensesGrp/ProgramServicesAmt07036
IRS990/OfficeExpensesGrp/TotalAmt08438
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0Meals/Food
IRS990/OtherExpensesGrp/Desc1Chamber Dollars
IRS990/OtherExpensesGrp/Desc2Gifts/Prizes/Plaques
IRS990/OtherExpensesGrp/Desc3Office Equipment
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02520
IRS990/OtherExpensesGrp/ProgramServicesAmt018414
IRS990/OtherExpensesGrp/ProgramServicesAmt191434
IRS990/OtherExpensesGrp/ProgramServicesAmt23124
IRS990/OtherExpensesGrp/TotalAmt018414
IRS990/OtherExpensesGrp/TotalAmt191434
IRS990/OtherExpensesGrp/TotalAmt23124
IRS990/OtherExpensesGrp/TotalAmt32520
IRS990/OtherLiabilitiesGrp/BOYAmt03864
IRS990/OtherLiabilitiesGrp/EOYAmt0218
IRS990/OtherRevenueMiscGrp/BusinessCd0813910
IRS990/OtherRevenueMiscGrp/BusinessCd1813910
IRS990/OtherRevenueMiscGrp/BusinessCd2813910
IRS990/OtherRevenueMiscGrp/Desc0Membership Development
IRS990/OtherRevenueMiscGrp/Desc1Adminstrative Programs
IRS990/OtherRevenueMiscGrp/Desc2Other Income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01928
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1284
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt28253
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01928
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1284
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt28253
IRS990/OtherRevenueTotalAmt010465
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0113417
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt025839
IRS990/OtherSalariesAndWagesGrp/TotalAmt0139256
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08819
IRS990/PayrollTaxesGrp/ProgramServicesAmt02044
IRS990/PayrollTaxesGrp/TotalAmt010863
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03402
IRS990/PensionPlanContributionsGrp/TotalAmt03402
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt029137
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt029137
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0242
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03706
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03100
IRS990/PrincipalOfficerNm0JARRETT SMITH
IRS990/PriorPeriodAdjustmentsAmt042200
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0813910
IRS990/ProgramServiceRevenueGrp/BusinessCd1813910
IRS990/ProgramServiceRevenueGrp/BusinessCd2813910
IRS990/ProgramServiceRevenueGrp/BusinessCd3813910
IRS990/ProgramServiceRevenueGrp/BusinessCd4813910
IRS990/ProgramServiceRevenueGrp/Desc0Flagfest
IRS990/ProgramServiceRevenueGrp/Desc1Ag Outlook
IRS990/ProgramServiceRevenueGrp/Desc2Chamber Dollars
IRS990/ProgramServiceRevenueGrp/Desc3Golf Outing
IRS990/ProgramServiceRevenueGrp/Desc4Annual Meeting
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt024225
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt137711
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt289153
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt310665
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt42940
IRS990/ProgSrvcAccomActy2Grp/Desc0AG OUTLOOK - A GATHERING TO SHARE FELLOWSHIP WITH CITY AND FARM. TO PRESENT TO CITY AND FARM THE AG OUTLOOK FROM LEADING AG AND ECONOMIC EXPERTS THROUGH A ONE DAY EDUCTIONAL, AGRICULTURAL SEMINAR AND TRADE SHOW HELD IN FEBRUARY.
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt037711
IRS990/ProgSrvcAccomActy3Grp/Desc0CHAMBER DOLLARS - CERTIFICATES FOR USE AT ALL AREA CHAMBER MEMBER BUSINESSES KEEPS SHOPPING DOLLARS LOCAL PROMOTING CHAMBER BUSINESSES
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt089153
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Golf Outing - A social event offering a fun activity for networking with other area business members.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1Annual Meeting - A social event used for networking as well as updates on how the Chamber benefits members as well as updates on how the Chamber benefits members
IRS990/ProgSrvcAccomActyOtherGrp/Desc2Business After Hours - A monthly gathering of Chamber Members, hosted by a Chamber Member Business. Designed Members, hosted by a Chamber Member Business. Designed Members, hosted by a Chamber Member Business. Designed
IRS990/ProgSrvcAccomActyOtherGrp/Desc3Ag Breakfast - A social event offering a great meal to showcase local agricultural products to business to showcase local agricultural products to business
IRS990/ProgSrvcAccomActyOtherGrp/Desc4Bowling Outing - A social event offering a fun activity for networking with other area business members.
IRS990/ProgSrvcAccomActyOtherGrp/Desc5Ag Experience - Event featuring agricultural tours as a way to bring agricultural and urban communities a way to bring agricultural and urban communities
IRS990/ProgSrvcAccomActyOtherGrp/Desc6Clay County Convention & Visitor's Bureau - Using member information to actively market the area to visitors through thousands of market the area to visitors through thousands of market the area to visitors through thousands of market the area to visitors through thousands of
IRS990/ProgSrvcAccomActyOtherGrp/Desc7Leadership Spencer - Program developed to work together to accept leadership responsibilities and enhance to accept leadership responsibilities and enhance
IRS990/ProgSrvcAccomActyOtherGrp/Desc8Spencer Storefront Initiative - A new program adopted November 28, 2006 designed to assist adopted November 28, 2006 designed to assist adopted November 28, 2006 designed to assist
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt010665
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt12940
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt2649
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt32225
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt44004
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt52600
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt62897
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt73060
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt856070
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt046630
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt012
IRS990/PYOtherExpensesAmt0248182
IRS990/PYOtherRevenueAmt011394
IRS990/PYProgramServiceRevenueAmt0241771
IRS990/PYRevenuesLessExpensesAmt0-70513
IRS990/PYSalariesCompEmpBnftPaidAmt0122138
IRS990/PYTotalExpensesAmt0370320
IRS990/PYTotalRevenueAmt0299807
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-19567
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt024225
IRS990/SavingsAndTempCashInvstGrp/BOYAmt075122
IRS990/SavingsAndTempCashInvstGrp/EOYAmt077563
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt03853
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0157771
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0161624
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0168
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt150
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Payroll Taxes Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Chamber Dollars Payable
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03853
IRS990ScheduleD/TotalLiabilityAmt0218
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is presented to the Board of Directors for review
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1before submission to the IRS. Once approved by the Board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2the Form 990 is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3All public documents are available for viewing in the
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Chamber office upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The salary of key employees is determined by the
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Executive Director using comparable salaries for the
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7position as well as adjustments for experience in
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8similar positions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9The organization has members consisting of local businesses
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10who provide membership dues for the operation of the Chamber.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Members are nominated for the Board of Directors by a
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12committee consisting of current Board Directors. The
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13list of nominees is then provided to all members for
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14vote with highest vote count becoming Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15Each year employees and board members are required to read
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16review and sign the conflict of interest policy. The interested
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17persons are also responsible to report any changes in this
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18situation during the year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19The salary of Key Employees is determined by the Board of Directors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt20GOLF OUTING - A SOCIAL EVENT OFFERING A FUN ACTIVITY FOR 10665. ANNUAL MEETING - A SOCIAL EVENT USED FOR NETWORKING 2940. BUSINESS AFTER HOURS - A MONTHLY GATHERING OF CHAMBER 649. AG BREAKFAST - A SOCIAL EVENT OFFERING A GREAT MEAL 2225. BOWLING OUTING - A SOCIAL EVENT OFFERING A FUN ACTIVITY 4004. AG EXPERIENCE - EVENT FEATURING AGRICULTURAL TOURS AS 2600. CLAY COUNTY CONVENTION & VISITOR'S BUREAU - USING MEMBER INFORMATION TO ACTIVELY 2897. LEADERSHIP SPENCER - PROGRAM DEVELOPED TO WORK TOGET
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt21DUES & SUBSCRIPTIONS 2466. 2466. BOARD EXPENSE 235. 235. ENTERTAINMENT 17101. 17101. ENTRY FEES 4562. 4562. EQUIPMENT RENTAL & MX 1743. 1743. ADMINISTRATIVE EXPENSES 2362. 2362. APPAREL 47. 47. STORE FRONT INNITIATIVE 78641. 78641.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc18Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc19Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc20Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc21Form 990, Part IX, Line 24f
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0136732
IRS990/TotalAssetsEOYAmt0155792
IRS990/TotalAssetsGrp/BOYAmt0136732
IRS990/TotalAssetsGrp/EOYAmt0155792
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0208485
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0167577
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0307139
IRS990/TotalFunctionalExpensesGrp/TotalAmt0474716
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt015003
IRS990/TotalLiabilitiesEOYAmt011430
IRS990/TotalLiabilitiesGrp/BOYAmt015003
IRS990/TotalLiabilitiesGrp/EOYAmt011430
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0121729
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0144362
IRS990/TotalOtherProgSrvcRevenueAmt085110
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt071505
IRS990/TotalProgramServiceRevenueAmt0236199
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0246664
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0455149
IRS990/TotalVolunteersCnt0500
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0136732
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0155792
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ManagementAndGeneralAmt0480
IRS990/TravelGrp/ProgramServicesAmt0763
IRS990/TravelGrp/TotalAmt01243
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt092592
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0115225
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10122 West 5th Street
IRS990/USAddress/City0Spencer
IRS990/USAddress/State0IA
IRS990/USAddress/ZIPCode051301
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$155,792
Liabilities
$11,430
Net assets
$144,362
Revenue
$455,149
Expenses
$474,716
Net income
-$19,567
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.26$0.14$0.11$0.30$0.41$0.11
2023Detailed filing. Detailed filing data is available for this year.$0.23$0.01$0.22$0.38$0.40$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.24$0.00$0.24$0.34$0.34$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.24$0.00$0.23$0.37$0.31$0.06
2020Detailed filing. Detailed filing data is available for this year.$0.18$0.00$0.18$0.29$0.31$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.24$0.04$0.20$0.32$0.30$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.23$0.05$0.18$0.32$0.29$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.23$0.08$0.15$0.40$0.37$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.21$0.08$0.13$0.34$0.36$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.30$0.11$0.19$0.42$0.38$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.16$0.01$0.14$0.46$0.47$0.02
2013Summary only. Only limited summary data is available for this year.$0.14$0.02$0.12$0.30$0.37$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$0.02$0.15$0.39
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.07$0.02$0.04$1.18
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.04$0.02$0.02$0.94
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2014 filings • 501(c)6 • <$500k nonprofits