Liabilities / Assets
63rd percentile
Higher debt load relative to assets than 63% of similar nonprofits.
Forest City Chamber of Commerce
EIN 42-1048397 • 501(c)6 • Forest City, IA
Profile
To promote civic and economic growth.
Refreshing map…
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.02x
Liabilities / Revenue
67th percentile
Higher debt load relative to revenue than 67% of similar nonprofits.
Net Margin
42nd percentile
Higher net margin than 42% 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
45th percentile
Faster asset growth than 45% of similar nonprofits.
Revenue Growth
24th percentile
Faster revenue growth than 24% of similar nonprofits.
Balance Sheet
Assets
Up$188,356
Up $14,335 (+8.2%) from 2022
Liabilities
Up$7,489
Up $2,642 (+55%) from 2022
Net Assets
Up$180,867
Up $11,693 (+6.9%) from 2022
Revenue
Up$182,403
Up $7,780 (+4.5%) from 2022
Expenses
Down$170,710
Down $3,593 (-2.1%) from 2022
Net Income
Up$11,693
Up $11,373 (+3554%) from 2022
Trend Graphs
Filings
Most recent year
2023 • Form 990Summary only. Only limited summary data is available for this year.
- Assets
- $188,356
- Liabilities
- $7,489
- Net assets
- $180,867
- Revenue
- $182,403
- Expenses
- $170,710
- Net income
- $11,693
Latest Detailed Filing
The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2019 below.
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2019 to Dec 31, 2019
- Signed
- Jun 16, 2020
- Return Version
- 2019v5.0
- Gross Receipts
- $184,100
Mission and Program Overview
Mission
To promote civic and economic growth.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| THE FOREST CITY CHAMBER OF COMMERCE IS BUSINESSES AND PROFESSIONALS UNITED TO PROMOTE THE BUSINESS CLIMATE AND QUALITY OF LIFE IN THE FOREST CITY AREA. | - | - |
| THE FOREST CITY CHAMBER OF COMMERCE IS BUSINESSES AND PROFESSIONALS, UNITED TO PROMOTE THE BUINESS CLIMATE AND QUALITY OF LIFE IN THE FOREST CITY AREA. | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| KATHY ROLLEFSON | Executive Di | FT | $50,593 | - | $50,593 |
| LUANN SCHOLBROCK | Past Preside | - | $0 | - | - |
| BARB RUITER | President | - | $0 | - | - |
| JULIE KEELY | Secretary | - | $0 | - | - |
| DENISE HAGEN | Vice Preside | - | $0 | - | - |
| JENNIFER JENKINS | Director | - | $0 | - | - |
| EVAN FRITZ | Director | - | $0 | - | - |
| SARA MEINDERS | Treasurer | - | $0 | - | - |
| AARON KORTH | Director | - | $0 | - | - |
| BARB SMITH | Director | - | $0 | - | - |
| KARL WOOLRIDGE | Director | - | $0 | - | - |
| LESLIE TORKELSON | Director | - | $0 | - | - |
| JASON RAMAKER | Director | - | $0 | - | - |
| KRISTIN MIKES | Director | - | $0 | - | - |
| LINSEY CURRENT | Director | - | $0 | - | - |
| JULI BURKHOLDER | Director | - | $0 | - | - |
| BETH BILYEU | Director | - | $0 | - | - |
Fundraising, Events, and Gaming
Fundraising Events
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Puckerbrush | $29,900 | $29,900 | $7,654 | $22,246 |
| Annual Meeting | $7,338 | $7,338 | $2,919 | $4,419 |
| Total Events | $37,238 | $37,238 | $35,623 | $1,615 |
Filing and Contact Details
Filer
- Filer Name
- Forest City Chamber of Commerceinc
- EIN
- 42-1048397
- Phone
- 6415852092
- Address
- 106 S 4TH STREET, FOREST CITY, IA 50436
Signing Officer
- Name
- Sara Meinders
- Title
- Treasurer
- Phone
- 6415852092
- Signed
- 2020-06-16
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Hogan - Hansen Pc
- Address
- PO BOX 1318, MASON CITY, IA 50402-1318
- Preparer
- Marlene F Young CPA
- Phone
- 6414230574
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 8
“Miscellaneous income 17,874 reimbursed exps income 14,222 forest ctiy bucks 226 total 32,322”
Form 990-ez, Part I, Line 16
“Expenses advertising 10,316 office exp. 6,562 travel 2,950 conferences and conv. 874 insurance 2,281 telephone 2,288 dues & subscriptions 2,598 repairs & maintenance 3,050 special funding 1,250 miscellaneous 1,614 total 33,783”
Form 990-ez, Part II, Line 24
“Inventories for sale or use 2,030 2,965 9,336 9,336 less accumulated depreciation 9,336 9,336 total 2,030 2,965”
Form 990-ez, Part II, Line 26
“Accounts payable and accrued expenses 2,178 2,253 deferred revenue 0 150”
Form 990-ez, Part III, Line 31
“The forest city chamber of commerce is businesses and professionals, united to promote the buiness climate and quality of life in the forest city area.”
Raw XML Appendix189 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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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | MISCELLANEOUS INCOME 17,874 REIMBURSED EXPS INCOME 14,222 FOREST CTIY BUCKS 226 TOTAL 32,322 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | EXPENSES ADVERTISING 10,316 OFFICE EXP. 6,562 TRAVEL 2,950 CONFERENCES AND CONV. 874 INSURANCE 2,281 TELEPHONE 2,288 DUES & SUBSCRIPTIONS 2,598 REPAIRS & MAINTENANCE 3,050 SPECIAL FUNDING 1,250 MISCELLANEOUS 1,614 TOTAL 33,783 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | INVENTORIES FOR SALE OR USE 2,030 2,965 9,336 9,336 LESS ACCUMULATED DEPRECIATION 9,336 9,336 TOTAL 2,030 2,965 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 2,178 2,253 DEFERRED REVENUE 0 150 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE FOREST CITY CHAMBER OF COMMERCE IS BUSINESSES AND PROFESSIONALS, UNITED TO PROMOTE THE BUINESS CLIMATE AND QUALITY OF LIFE IN THE FOREST CITY AREA. |
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| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART III, LINE 31 |
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| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | HOGAN - HANSEN PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | PO BOX 1318 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | MASON CITY |
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| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2020-06-16 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | MARLENE F YOUNG CPA |
| ReturnHeader/ReturnTs | 0 | 2020-06-24T13:40:57-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2019-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2019-12-31 |
| ReturnHeader/TaxYr | 0 | 2019 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
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