Civic Intelligence

Friends of Chips

EIN 42-1190747 • 501(c)3 • Waterloo, IA

Profile

Promote the benefits of gymnastics for the health education and welfare of youth.

2605 Heather LaneWaterloo, IA 50701

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

43rd percentile

-0.5%

Higher net margin than 43% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

49th percentile

-2.7%

Faster asset growth than 49% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

29th percentile

-28%

Faster revenue growth than 29% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$7,803

Down $220 (-2.7%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$7,803

Down $220 (-2.7%) from 2023

Operations
Liabilities / RevenueScore unavailableNet Margin43rd percentile

Revenue

Down

$42,515

Down $16,219 (-28%) from 2023

Expenses

Down

$42,735

Down $9,161 (-18%) from 2023

Net Income

Down

-$220

Down $7,058 (-103%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth49th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10K$5.0K$0Assets 2012: $7,772Liabilities 2012: $02012Assets 2014: $7,334Liabilities 2014: $02014Assets 2015: $1,233Net Assets 2015: $1,2332015Assets 2016: $5,652Net Assets 2016: $5,6522016Assets 2017: $3,676Net Assets 2017: $3,6762017Assets 2020: $1,185Net Assets 2020: $1,1852020Assets 2021: $1,185Net Assets 2021: $1,1852021Assets 2022: $1,185Net Assets 2022: $1,1852022Assets 2023: $8,023Net Assets 2023: $8,0232023Assets 2024: $7,803Net Assets 2024: $7,8032024

Highlighted filing

2024

Assets$7,803
Liabilities-
Net Assets$7,803
Open 2024 Filing

Operations Trend

Revenue Growth29th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50KRevenue 2012: $9,390Expenses 2012: $6,138Net Income 2012: $3,2522012Revenue 2014: $9,094Expenses 2014: $9,094Net Income 2014: $02014Revenue 2015: $71,801Expenses 2015: $78,427Net Income 2015: -$6,6262015Revenue 2016: $66,690Expenses 2016: $62,271Net Income 2016: $4,4192016Revenue 2017: $26,470Expenses 2017: $28,446Net Income 2017: -$1,9762017Revenue 2020: $9,225Expenses 2020: $8,716Net Income 2020: $5092020Revenue 2021: $46,361Expenses 2021: $46,361Net Income 2021: $02021Revenue 2022: $15,730Expenses 2022: $15,730Net Income 2022: $02022Revenue 2023: $58,734Expenses 2023: $51,896Net Income 2023: $6,8382023Revenue 2024: $42,515Expenses 2024: $42,735Net Income 2024: -$2202024

Highlighted filing

2024

Revenue$42,515
Expenses$42,735
Net Income-$220
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,803
Liabilities
-
Net assets
$7,803
Revenue
$42,515
Expenses
$42,735
Net income
-$220
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.80$7.80$42.5$42.7$0.22
2023Detailed filing. Detailed filing data is available for this year.$8.02$8.02$58.7$51.9$6.84
2022Detailed filing. Detailed filing data is available for this year.$1.19$1.19$15.7$15.7$0.00
2021Detailed filing. Detailed filing data is available for this year.$1.19$1.19$46.4$46.4$0.00
2020Detailed filing. Detailed filing data is available for this year.$1.19$1.19$9.23$8.72$0.51
2017Detailed filing. Detailed filing data is available for this year.$3.68$3.68$26.5$28.4$1.98
2016Detailed filing. Detailed filing data is available for this year.$5.65$5.65$66.7$62.3$4.42
2015Detailed filing. Detailed filing data is available for this year.$1.23$1.23$71.8$78.4$6.63
2014Summary only. Only limited summary data is available for this year.$7.33$0.00$9.09$9.09$0.00
2012Summary only. Only limited summary data is available for this year.$7.77$0.00$9.39$6.14$3.25
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 27, 2025
Return Version
2024v5.0
Gross Receipts
$42,515
Mission and Program Overview

Mission

Promote the benefits of gymnastics for the health education and welfare of youth.

Program Services

DescriptionGrantsExpenses
PROMOTE THE BENEFITS OF GYMNASTICS FOR THE HEALTH EDUCATION AND WELFARE OF YOUTH-$42,735
PROMOTE THE BENEFITS OF GYNASTICS FOR THE HEALTH EDUCATION AND WELFARE OF YOUTH--
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
VICKI REEDPresident-$0--
Filing and Contact Details

Filer

Filer Name
Friends of Chips
EIN
42-1190747
Phone
3192399382
Address
2605 HEATHER LANE, WATERLOO, IA 50701

Signing Officer

Name
Vicki Reed
Title
President
Signed
2025-05-27
Discuss with paid preparer
Yes

Preparer

Firm
ADAMS EVENSON & CO CPA'S
Address
333 W FOURTH, WATERLOO, IA 50701
Preparer
John M Adams
Phone
3192321943
Supplemental Narrative

Additional Explanations

Form 990-ez, Part III

“Promote the benefits of gymnastics for the health education and welfare of youth.”

Form 990-ez, Part III, Line 31

“Promote the benefits of gymnastics for the health education and welfare of youth”

Raw XML Appendix101 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0VICKI REED
IRS990EZ/BooksInCareOfDetail/PhoneNum03192399382
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt02605 HEATHER LANE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0WATERLOO
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd050701
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt08023
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt07803
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-220
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt042735
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt08023
IRS990EZ/Form990TotalAssetsGrp/EOYAmt07803
IRS990EZ/GrossReceiptsAmt042515
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt08023
IRS990EZ/NetAssetsOrFundBalancesEOYAmt07803
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt08023
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt07803
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt0000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0VICKI REED
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0PROMOTE THE BENEFITS OF GYMNASTICS FOR THE HEALTH EDUCATION AND WELFARE OF YOUTH.
IRS990EZ/ProgramServiceRevenueAmt042515
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROMOTE THE BENEFITS OF GYNASTICS FOR THE HEALTH EDUCATION AND WELFARE OF YOUTH
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1PROMOTE THE BENEFITS OF GYMNASTICS FOR THE HEALTH EDUCATION AND WELFARE OF YOUTH
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt042735
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt042735
IRS990EZ/TotalProgramServiceExpensesAmt042735
IRS990EZ/TotalRevenueAmt042515
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt03523
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03523
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0169042
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt03523
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt03523
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03523
IRS990ScheduleA/TotalSupportAmt03523
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROMOTE THE BENEFITS OF GYMNASTICS FOR THE HEALTH EDUCATION AND WELFARE OF YOUTH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PROMOTE THE BENEFITS OF GYMNASTICS FOR THE HEALTH EDUCATION AND WELFARE OF YOUTH
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART III, LINE 31
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0VICKI REED
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRIENDS OF CHIPS
ReturnHeader/Filer/BusinessNameControlTxt0FRIE
ReturnHeader/Filer/EIN0421190747
ReturnHeader/Filer/PhoneNum03192399382
ReturnHeader/Filer/USAddress/AddressLine1Txt02605 HEATHER LANE
ReturnHeader/Filer/USAddress/CityNm0WATERLOO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050701
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0470993646
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ADAMS EVENSON & CO CPA'S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0333 W FOURTH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WATERLOO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd050701
ReturnHeader/PreparerPersonGrp/PhoneNum03192321943
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN M ADAMS
ReturnHeader/ReturnTs02025-06-25T14:35:10-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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