Civic Intelligence

Greater Cedar Valley Alliance

990 • Fiscal year 2020 • EIN 42-1241941

Jul 01, 2019 to Jun 30, 2020 • Filed on Oct 30, 2020

360 Westfield Avenue Suite 200Waterloo, IA 50701

(319) 232-1156

Siviq Scores

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

Liabilities / Assets

87th percentile

0.52x

Higher debt load relative to assets than 87% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

82nd percentile

0.57x

Higher debt load relative to revenue than 82% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Net Margin

69th percentile

13%

Higher net margin than 69% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

61st percentile

$175,494

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 9.4% of source-year revenue.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Asset Growth

11th percentile

-12%

Faster asset growth than 11% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

72nd percentile

0.6%

Faster revenue growth than 72% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$2,026,288

Down $282,988 (-12%) from 2019

Net Assets

Up

$967,964

Up $241,001 (+33%) from 2019

Liabilities

Down

$1,058,324

Down $523,989 (-33%) from 2019

Revenue

Up

$1,863,260

Up $11,931 (+0.6%) from 2019

Expenses

Down

$1,622,259

Down $80,819 (-4.7%) from 2019

Net Income

Up

$241,001

Up $92,750 (+63%) from 2019

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $2,667,859Liabilities 2011: $1,668,238Net Assets 2011: $999,6212011Assets 2012: $3,060,842Liabilities 2012: $2,793,064Net Assets 2012: $267,7782012Assets 2013: $2,992,547Liabilities 2013: $2,684,267Net Assets 2013: $308,2802013Assets 2014: $2,636,749Liabilities 2014: $2,065,870Net Assets 2014: $570,8792014Assets 2015: $2,183,261Liabilities 2015: $1,564,466Net Assets 2015: $618,7952015Assets 2016: $1,719,772Liabilities 2016: $1,021,346Net Assets 2016: $698,4262016Assets 2017: $1,716,539Liabilities 2017: $1,013,077Net Assets 2017: $703,4622017Assets 2018: $2,822,911Liabilities 2018: $2,190,274Net Assets 2018: $632,6372018Assets 2019: $2,309,276Liabilities 2019: $1,582,313Net Assets 2019: $726,9632019Assets 2020: $2,026,288Liabilities 2020: $1,058,324Net Assets 2020: $967,9642020Assets 2021: $1,957,293Liabilities 2021: $932,541Net Assets 2021: $1,024,7522021Assets 2022: $2,127,308Liabilities 2022: $824,688Net Assets 2022: $1,302,6202022Assets 2023: $2,376,948Liabilities 2023: $604,286Net Assets 2023: $1,772,6622023Assets 2024: $2,423,468Liabilities 2024: $585,707Net Assets 2024: $1,837,7612024Assets 2025: $2,362,888Liabilities 2025: $648,768Net Assets 2025: $1,714,1202025

Highlighted filing

2020

Assets$2,026,288
Liabilities$1,058,324
Net Assets$967,964

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,864,1792011Expenses 2012: $2,086,8682012Expenses 2013: $1,699,9762013Revenue 2014: $1,673,911Expenses 2014: $1,411,312Net Income 2014: $262,5992014Revenue 2015: $1,808,834Expenses 2015: $1,760,918Net Income 2015: $47,9162015Revenue 2016: $1,832,983Expenses 2016: $1,753,352Net Income 2016: $79,6312016Revenue 2017: $1,853,142Expenses 2017: $1,848,106Net Income 2017: $5,0362017Revenue 2018: $1,795,143Expenses 2018: $1,865,969Net Income 2018: -$70,8262018Revenue 2019: $1,851,329Expenses 2019: $1,703,078Net Income 2019: $148,2512019Revenue 2020: $1,863,260Expenses 2020: $1,622,259Net Income 2020: $241,0012020Revenue 2021: $1,633,059Expenses 2021: $1,576,271Net Income 2021: $56,7882021Revenue 2022: $1,840,706Expenses 2022: $1,562,838Net Income 2022: $277,8682022Revenue 2023: $2,150,725Expenses 2023: $1,656,713Net Income 2023: $494,0122023Revenue 2024: $2,261,185Expenses 2024: $2,196,086Net Income 2024: $65,0992024Revenue 2025: $2,192,215Expenses 2025: $2,315,856Net Income 2025: -$123,6412025

Highlighted filing

2020

Revenue$1,863,260
Expenses$1,622,259
Net Income$241,001
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Oct 30, 2020
Return Version
2019v5.0
Gross Receipts
$1,958,039
Mission and Program Overview

Mission

Working to increase the economic vitality and wealth in the waterloo/cedar falls area and surrounding economic region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$767,602$762,598▼ $5,004
Cash and Non-Interest-Bearing Accounts$170,168$383,428▲ $213,260
Land, Buildings, and Equipment, Net$398,600$363,752▼ $34,848
Pledges and Grants Receivable$808,396$347,338▼ $461,058
Accounts Receivable$30,497$47,083▲ $16,586
Prepaid Expenses and Deferred Charges$8,909$12,186▲ $3,277
Total Assets$2,309,276$2,026,288▼ $282,988
Other Assets Total$125,104$109,903▼ $15,201
Liabilities
Deferred Revenue$1,047,309$581,412▼ $465,897
Mortgage Notes Payable Secured by Investment Property$423,790$379,507▼ $44,283
Accounts Payable and Accrued Expenses$111,214$97,405▼ $13,809
Total Liabilities$1,582,313$1,058,324▼ $523,989
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$726,963$967,964▲ $241,001
Total Net Assets Fund Balance$726,963$967,964▲ $241,001
Total Liabilities and Net Assets / Fund Balance$2,309,276$2,026,288▼ $282,988

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$349,359$90,613$439,972
Equipment$14,393$28,024$42,417
Other Assets Org$1,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carolyn DarrahSecretary /FT$162,645$12,849$175,494
Carolyn DarrahSecretary / CEO-$162,645$12,849$175,494
James SchaeferDirector of InveFT$118,102$6,105$124,207
Lisa SkubalVP of EconomFT$106,080$6,498$112,578
Sandi SommerfeltVP of OperatFT$75,835$4,179$80,014

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,155,647
Program Service Revenue
$467,215
Investment Income
$5,115
Other Revenue
$235,283
All Other Contributions
$519,539
Change in Net Assets
$241,001
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,275,267
Other Expenses$346,992
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$828,862
Current Officers, Directors, Trustees, and Key Employees---$262,395
Payroll Taxes---$80,936
Other Employee Benefits---$63,013
Pension Plan Contributions---$40,061
Depreciation Depletion---$34,848
Occupancy---$28,477
Office Expenses---$27,694
Fees for Services Accounting---$26,660
All Other Expenses---$23,263
Fees for Services Legal---$21,964
Insurance---$20,999
Information Technology---$17,827
Interest---$16,084
Travel---$12,518
Other Expenses---$9,145
Advertising---$8,495
Conferences and Meetings---$1,368
Total Functional Expenses$0$0$0$1,622,259
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$207,024
Fundraising Direct Expenses$94,779
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Cedar Valley Le$58,500$58,500$5,633$52,867
Annual Meeting$45,730$45,730$917$44,813
Total Events$191,719$191,719$38,458$153,261
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
All Board MembersBoard MembersAll Board Members ofNo-
Andy PatteeBoard MemberAlso a Board MemberNo-
Bob PetersenBoard MemberAlso a Board MemberNo-
Bryan EarnestBoard MemberAlso a Board MemberNo-
Carolyn DarrahBoard SecretaryAlso a Board MemberNo-
Jane LindamanBoard MemberAlso a Board MemberNo-
Jim DenholmBoard MemberAlso a Board MemberNo-
Mayor Quentin HartBoard MemberAlso a Board MemberNo-
Monte BergBoard MemberAlso a Board MemberNo-
Tim HurleyBoard MemberAlso a Board MemberNo-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Businesses in waterloo/cedar falls and surrounding areas pay membership dues to the filing organization.

Form 990, Page 6, Part VI, Line 7B

Members do have the power to approve or disapprove a small portion of the decisions made by the board of directors.

Form 990, Page 6, Part VI, Line 11B

Organization provides copies of the form 990 to the board of directors and reviews it in detail with the finance committee.

Form 990, Page 6, Part VI, Line 12C

Board members are to review the conflict of interest policy annually and sign it stating they understand and are in compliance with the policy. Should a conflict occur, that board member sits out on all discussion and abstains from casting a vote.

Form 990, Page 6, Part VI, Line 15A

Compensation for the officers of the organization are reviewed annually by the compensation committee. Once executive/compensation committee approves the compensation, it is then reviewed, excluding the amount, by the board upon recommendation of the executive/compensation committee.

Form 990, Page 6, Part VI, Line 15B

Reviewed annually by ceo.

Form 990, Page 6, Part VI, Line 19

Governing documents and policies are available at the office of grow cedar valley upon request.

Filing and Contact Details

Filer

Filer Name
Grow Cedar Valley
EIN
42-1241941
Phone
3192321156
Address
360 WESTFIELD AVENUE SUITE 200, WATERLOO, IA 50701

Signing Officer

Name
Carolyn Darrah
Title
Secretary / CEO
Phone
3192321156
Signed
2020-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carolyn Darrah
Formed
1984
Legal Domicile
Ia
Voting Board Members
33
Independent Board Members
33
Employees
16
Volunteers
200

Preparer

Firm
Hogan - Hansen Pc
Address
3128 BROCKWAY ROAD, WATERLOO, IA 50701-5103
Preparer
Steven K Duggan CPA
Phone
3192335225
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

Management annually makes an appropriate evaluation of any uncertain income tax positions based upon current statutes in completing these financial statements and the notes to the financial statements. As of june 30, 2020, management believes that there were no uncertain income tax positions for which a material change in the unrecognized effect would be reasonably possible within the next 12 months.

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IRS990/Form990PartVIISectionAGrp/PersonNm30BOB PETERSEN
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IRS990/Form990PartVIISectionAGrp/PersonNm32ANDY VAN FLEET
IRS990/Form990PartVIISectionAGrp/PersonNm33JAMES E WALSH JR
IRS990/Form990PartVIISectionAGrp/PersonNm34JAMES SCHAEFER
IRS990/Form990PartVIISectionAGrp/PersonNm35LISA SKUBAL
IRS990/Form990PartVIISectionAGrp/PersonNm36SANDI SOMMERFELT
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY /
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt31DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt32DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt33DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt34DIR. OF INVE
IRS990/Form990PartVIISectionAGrp/TitleTxt35VP OF ECONOM
IRS990/Form990PartVIISectionAGrp/TitleTxt36VP OF OPERAT
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0true
IRS990/FormationYr01984
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IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0true
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IRS990/FundraisingGrossIncomeAmt0207024
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IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InsuranceGrp/TotalAmt020999
IRS990/InterestGrp/TotalAmt016084
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.36$0.65$1.71$2.19$2.32$0.12
2024Summary only. Only limited summary data is available for this year.$2.42$0.59$1.84$2.26$2.20$0.07
2023Summary only. Only limited summary data is available for this year.$2.38$0.60$1.77$2.15$1.66$0.49
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.13$0.82$1.30$1.84$1.56$0.28
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.96$0.93$1.02$1.63$1.58$0.06
2020Detailed filing. Detailed filing data is available for this year.$2.03$1.06$0.97$1.86$1.62$0.24
2019Summary only. Only limited summary data is available for this year.$2.31$1.58$0.73$1.85$1.70$0.15
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.82$2.19$0.63$1.80$1.87$0.07
2017Summary only. Only limited summary data is available for this year.$1.72$1.01$0.70$1.85$1.85$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.72$1.02$0.70$1.83$1.75$0.08
2015Detailed filing. Detailed filing data is available for this year.$2.18$1.56$0.62$1.81$1.76$0.05
2014Detailed filing. Detailed filing data is available for this year.$2.64$2.07$0.57$1.67$1.41$0.26
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.99$2.68$0.31$1.70
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.06$2.79$0.27$2.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.67$1.67$1.00$1.86