Civic Intelligence

Gateway Area Foundation

990 • Fiscal year 2018 • EIN 42-1270203

Jun 01, 2017 to May 31, 2018 • Filed on Jan 10, 2019

Organization ProfileN/A
721 South Second StreetClinton, IA 52732

(563) 242-5702

Siviq Scores

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

Liabilities / Assets

68th percentile

0.14x

Higher debt load relative to assets than 68% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

86th percentile

0.57x

Higher debt load relative to revenue than 86% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

74th percentile

17%

Higher net margin than 74% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

50th percentile

1.4%

Faster asset growth than 50% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

6th percentile

-44%

Faster revenue growth than 6% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$651,544

Up $9,059 (+1.4%) from 2017

Net Assets

Up

$559,592

Up $26,950 (+5.1%) from 2017

Liabilities

Down

$91,952

Down $17,891 (-16%) from 2017

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin74th percentile

Revenue

Down

$162,697

Down $127,257 (-44%) from 2017

Expenses

Down

$135,747

Down $107,522 (-44%) from 2017

Net Income

Down

$26,950

Down $19,735 (-42%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth50th percentile

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

$1.5M$1.0M$500K$0Assets 2011: $810,593Liabilities 2011: $269,019Net Assets 2011: $541,5742011Assets 2012: $731,687Liabilities 2012: $220,295Net Assets 2012: $511,3922012Assets 2013: $670,696Liabilities 2013: $189,151Net Assets 2013: $481,5452013Assets 2014: $642,247Liabilities 2014: $177,402Net Assets 2014: $464,8452014Assets 2015: $601,793Liabilities 2015: $149,905Net Assets 2015: $451,8882015Assets 2016: $1,153,338Liabilities 2016: $667,381Net Assets 2016: $485,9572016Assets 2017: $642,485Liabilities 2017: $109,843Net Assets 2017: $532,6422017Assets 2018: $651,544Liabilities 2018: $91,952Net Assets 2018: $559,5922018Assets 2019: $647,133Liabilities 2019: $77,745Net Assets 2019: $569,3882019Assets 2020: $631,727Liabilities 2020: $64,720Net Assets 2020: $567,0072020Assets 2021: $627,814Liabilities 2021: $48,882Net Assets 2021: $578,9322021Assets 2022: $587,490Liabilities 2022: $9,062Net Assets 2022: $578,4282022Assets 2023: $585,565Liabilities 2023: $9,882Net Assets 2023: $575,6832023Assets 2025: $597,918Liabilities 2025: $10,570Net Assets 2025: $587,3482025

Highlighted filing

2018

Assets$651,544
Liabilities$91,952
Net Assets$559,592
Open 2018 Filing

Operations Trend

Revenue Growth6th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $95,112Expenses 2011: $118,084Net Income 2011: -$22,9722011Expenses 2012: $100,8072012Expenses 2013: $93,8232013Revenue 2014: $63,658Expenses 2014: $80,358Net Income 2014: -$16,7002014Revenue 2015: $51,194Expenses 2015: $64,151Net Income 2015: -$12,9572015Revenue 2016: $1,335,674Expenses 2016: $1,301,605Net Income 2016: $34,0692016Revenue 2017: $289,954Expenses 2017: $243,269Net Income 2017: $46,6852017Revenue 2018: $162,697Expenses 2018: $135,747Net Income 2018: $26,9502018Revenue 2019: $77,877Expenses 2019: $68,081Net Income 2019: $9,7962019Revenue 2020: $59,807Expenses 2020: $62,188Net Income 2020: -$2,3812020Revenue 2021: $83,688Expenses 2021: $71,763Net Income 2021: $11,9252021Revenue 2022: $82,575Expenses 2022: $83,079Net Income 2022: -$5042022Revenue 2023: $57,394Expenses 2023: $60,139Net Income 2023: -$2,7452023Revenue 2025: $74,089Expenses 2025: $76,777Net Income 2025: -$2,6882025

Highlighted filing

2018

Revenue$162,697
Expenses$135,747
Net Income$26,950
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2017 to May 31, 2018
Signed
Jan 10, 2019
Return Version
2017v2.3
Gross Receipts
$168,463
Mission and Program Overview

Mission

To promote economic education and community development.

To promote economic education and community development

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$544,565$531,566▼ $12,999
Cash and Non-Interest-Bearing Accounts$87,934$104,137▲ $16,203
Savings and Temporary Cash Investments$8,045$8,045→ $0
Accounts Receivable$1,941$6,661▲ $4,720
Prepaid Expenses and Deferred Charges-$1,135-
Total Assets$642,485$651,544▲ $9,059
Liabilities
Mortgage Notes Payable Secured by Investment Property$99,001$84,876▼ $14,125
Other Liabilities$6,717$6,326▼ $391
Accounts Payable and Accrued Expenses$4,125--
Deferred Revenue-$750-
Total Liabilities$109,843$91,952▼ $17,891
Net Assets / Fund Balance
Unrestricted Net Assets$526,903$550,432▲ $23,529
Temporarily Rstr Net Assets$5,739$9,160▲ $3,421
Total Net Assets Fund Balance$532,642$559,592▲ $26,950
Total Liabilities and Net Assets / Fund Balance$642,485$651,544▲ $9,059

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$435,503$195,037$630,540
Land$92,813-$92,813
Other Land Buildings$3,250-$3,250
Equipment-$1,991$1,991
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Brenda ThortonChair
Greg FarwellPast Chair
Richard PhelanVice Chair
Eddie DunhamDirector
Jeff AtkinsonDirector
Julie AlleseeDirector
Mark SchroederDirector
Mike JohnsonDirector
RICHARD O'LEARYDirector
Rod TokheimDirector
Tom FullertonDirector
Jennifer BoysenEx-officer
Maureen MillerSecretary
Jacqueline RutledgeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$61,723
Program Service Revenue
$102,670
Investment Income
$0
Other Revenue
$-1,696
All Other Contributions
$61,723
Change in Net Assets
$26,950

Audited Revenue Reconciliation

Revenue per Audited Statements
$162,697
Revenue Not Reported on Form 990
$5,766
Total Revenue per Audited Statements
$168,463
Total Revenue per Form 990
$162,697
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$126,588
Grants and Similar Amounts Paid$9,159
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$24,540--$24,540
Depreciation Depletion$16,250--$16,250
Grants to Domestic Orgs$9,159--$9,159
Interest$3,795--$3,795
Fees for Services Other$2,578--$2,578
Other Expenses$2,336$11,794-$2,336
All Other Expenses$1,927--$1,927
Insurance$1,312--$1,312
Office Expenses$2--$2
Total Functional Expenses$123,953$11,794$0$135,747

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$141,513
Expenses per Audited Statements$135,747
Total Expenses per Form 990$135,747
Expenses Not Reported on Form 990$5,766
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Clinton Area Development CorpClinton, IA--$9,159
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$5,766
Fundraising Gross Income$4,070
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
Accrued Property Taxes$6,127
Accured Interest$199
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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

Governance Explanations

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

“Financial statements and tax return are presented to the board at a monthly board meeting to review and discuss”

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

“Annual disclosure of interests by the board of directors are required, with the chair responsible for monitoring & enforcing the policy.”

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

“The foundation does not pay any compensation. It pays the clinton area chamber of commerce an adminstrative fee for services.”

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

“The organization does not pay compensation to its officers nor do they have any employees.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are kept at the organization's business office and are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Gateway Area Foundation
EIN
42-1270203
Phone
5632425702
Address
721 SOUTH SECOND STREET, CLINTON, IA 52732

Signing Officer

Name
Maureen Miller
Title
Secretary
Phone
5632425702
Signed
2019-01-10

Organization Details

Principal Officer
Maureen Miller
Formed
2002
Legal Domicile
Ia
Voting Board Members
11
Independent Board Members
11
Employees
0

Preparer

Firm
Winkel Parker & Foster CPA Pc
Address
1301 19TH AVE NW, CLINTON, IA 52732-2434
Preparer
Patrick W Parker CPA
Phone
5632423440
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“Chairs meet monthly to review foundation finances and activities. Leadership institute participants are educated about economic and social community elements and "learn by doing" by actively doing a project to add value to the community.”

Form 990, Page 2, Part III, Line 4D

“Substantially all use of property for exempt purposes - 8% of rental expenses unrelated to exempt purpose.”

Form 990, Part XI, Line 9

“Direct event expenses 5,766 direct event expenses -5,766”

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

“Direct event expenses 5,766”

Schedule D, Page 4, Part XII, Line 2D

“Direct event expenses 5,766”

Raw XML AppendixShowing 400 of 467 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/BOYAmt04125
IRS990/AccountsReceivableGrp/BOYAmt01941
IRS990/AccountsReceivableGrp/EOYAmt06661
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROMOTE ECONOMIC EDUCATION AND COMMUNITY DEVELOPMENT
IRS990/AllOtherContributionsAmt061723
IRS990/AllOtherExpensesGrp/ProgramServicesAmt01927
IRS990/AllOtherExpensesGrp/TotalAmt01927
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/PersonNm0JACQUELINE RUTLEDGE
IRS990/BooksInCareOfDetail/PhoneNum05632425702
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0721 S 2ND ST
IRS990/BooksInCareOfDetail/USAddress/CityNm0CLINTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd052732
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt087934
IRS990/CashNonInterestBearingGrp/EOYAmt0104137
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt061723
IRS990/CYGrantsAndSimilarPaidAmt09159
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0126588
IRS990/CYOtherRevenueAmt0-1696
IRS990/CYProgramServiceRevenueAmt0102670
IRS990/CYRevenuesLessExpensesAmt026950
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0135747
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0162697
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/EOYAmt0750
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt016250
IRS990/DepreciationDepletionGrp/TotalAmt016250
IRS990/Desc0PROVIDE FUNDING FOR EDUCATIONAL AND LEADERSHIP PROJECTS AND COMMUNITY DEVELOPMENET
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt02578
IRS990/FeesForServicesOtherGrp/TotalAmt02578
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt102.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
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/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/PersonNm0JULIE ALLESEE
IRS990/Form990PartVIISectionAGrp/PersonNm1JEFF ATKINSON
IRS990/Form990PartVIISectionAGrp/PersonNm2JENNIFER BOYSEN
IRS990/Form990PartVIISectionAGrp/PersonNm3EDDIE DUNHAM
IRS990/Form990PartVIISectionAGrp/PersonNm4GREG FARWELL
IRS990/Form990PartVIISectionAGrp/PersonNm5TOM FULLERTON
IRS990/Form990PartVIISectionAGrp/PersonNm6MIKE JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm7MAUREEN MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm8RICHARD O'LEARY
IRS990/Form990PartVIISectionAGrp/PersonNm9RICHARD PHELAN
IRS990/Form990PartVIISectionAGrp/PersonNm10JACQUELINE RUTLEDGE
IRS990/Form990PartVIISectionAGrp/PersonNm11MARK SCHROEDER
IRS990/Form990PartVIISectionAGrp/PersonNm12BRENDA THORTON
IRS990/Form990PartVIISectionAGrp/PersonNm13ROD TOKHEIM
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2EX-OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt10TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0true
IRS990/FormationYr02002
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingDirectExpensesAmt05766
IRS990/FundraisingGrossIncomeAmt04070
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt09159
IRS990/GrantsToDomesticOrgsGrp/TotalAmt09159
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0168463
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt011
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt01312
IRS990/InsuranceGrp/TotalAmt01312
IRS990/InterestGrp/ProgramServicesAmt03795
IRS990/InterestGrp/TotalAmt03795
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0197028
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0544565
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0531566
IRS990/LandBldgEquipCostOrOtherBssAmt0728594
IRS990/LegalDomicileStateCd0IA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROMOTE ECONOMIC EDUCATION AND COMMUNITY DEVELOPMENT.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt099001
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt084876
IRS990/NetAssetsOrFundBalancesBOYAmt0532642
IRS990/NetAssetsOrFundBalancesEOYAmt0559592
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-1696
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt024540
IRS990/OccupancyGrp/TotalAmt024540
IRS990/OfficeExpensesGrp/ProgramServicesAmt02
IRS990/OfficeExpensesGrp/TotalAmt02
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0CELEBRATE CLINTON EXPENSE
IRS990/OtherExpensesGrp/Desc1PROFESSIONAL FEES
IRS990/OtherExpensesGrp/Desc2CRDC VISION 2020 EXPENSE
IRS990/OtherExpensesGrp/Desc3PROJECT EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt011794
IRS990/OtherExpensesGrp/ProgramServicesAmt058054
IRS990/OtherExpensesGrp/ProgramServicesAmt14000
IRS990/OtherExpensesGrp/ProgramServicesAmt22336
IRS990/OtherExpensesGrp/TotalAmt058054
IRS990/OtherExpensesGrp/TotalAmt111794
IRS990/OtherExpensesGrp/TotalAmt24000
IRS990/OtherExpensesGrp/TotalAmt32336
IRS990/OtherLiabilitiesGrp/BOYAmt06717
IRS990/OtherLiabilitiesGrp/EOYAmt06326
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01135
IRS990/PrincipalOfficerNm0MAUREEN MILLER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1MISC INCOME
IRS990/ProgramServiceRevenueGrp/Desc2RENTAL - 8% OWNED
IRS990/ProgramServiceRevenueGrp/Desc3ADMINISTRATIVE FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt084761
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt19159
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt084761
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt19159
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt28250
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3500
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt08250
IRS990/ProgSrvcAccomActyOtherGrp/Desc0SUBSTANTIALLY ALL USE OF PROPERTY FOR EXEMPT PURPOSES - 8% OF RENTAL EXPENSES UNRELATED TO EXEMPT PURPOSE.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0123953
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt09159
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0194287
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0243269
IRS990/PYOtherRevenueAmt0170
IRS990/PYProgramServiceRevenueAmt095497
IRS990/PYRevenuesLessExpensesAmt046685
IRS990/PYTotalExpensesAmt0243269
IRS990/PYTotalRevenueAmt0289954
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt026950
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt08045
IRS990/SavingsAndTempCashInvstGrp/EOYAmt08045
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0PROGRAM OTHER INCOME 324,564
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt061723
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0194284
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01214480
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0435
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0416
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01471338
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt023
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt044
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt062
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0129
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt098490
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt03745
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt092024
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0118229
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt050472
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt060094
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0324564
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.81910
IRS990ScheduleA/PublicSupportPY170Pct00.79180
IRS990ScheduleA/PublicSupportTotal170Amt01471338
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt061723
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0194284
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01214480
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0435
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0416
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01471338
IRS990ScheduleA/TotalSupportAmt01796187
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt0156
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt0156
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0435503
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0195037
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0630540
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01991
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01991
IRS990ScheduleD/ExpensesNotReportedAmt05766
IRS990ScheduleD/ExpensesSubtotalAmt0135747
IRS990ScheduleD/LandGrp/BookValueAmt092813
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt092813
IRS990ScheduleD/OtherExpensesIncludedAmt05766
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03250
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03250
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06127
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1199
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PROPERTY TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCURED INTEREST
IRS990ScheduleD/OtherRevenueAmt05766
IRS990ScheduleD/RevenueNotReportedAmt05766
IRS990ScheduleD/RevenueSubtotalAmt0162697
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0DIRECT EVENT EXPENSES 5,766
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DIRECT EVENT EXPENSES 5,766
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0531566
IRS990ScheduleD/TotalExpensesPerForm990Amt0135747
IRS990ScheduleD/TotalLiabilityAmt06326
IRS990ScheduleD/TotalRevenuePerForm990Amt0162697
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0168463
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0141513
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt09159
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CLINTON AREA DEVELOPMENT CORP
IRS990ScheduleI/RecipientTable/RecipientEIN0420738495
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0721 S 2ND ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CLINTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd052732
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CHAIRS MEET MONTHLY TO REVIEW FOUNDATION FINANCES AND ACTIVITIES. LEADERSHIP INSTITUTE PARTICIPANTS ARE EDUCATED ABOUT ECONOMIC AND SOCIAL COMMUNITY ELEMENTS AND "LEARN BY DOING" BY ACTIVELY DOING A PROJECT TO ADD VALUE TO THE COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SUBSTANTIALLY ALL USE OF PROPERTY FOR EXEMPT PURPOSES - 8% OF RENTAL EXPENSES UNRELATED TO EXEMPT PURPOSE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FINANCIAL STATEMENTS AND TAX RETURN ARE PRESENTED TO THE BOARD AT A MONTHLY BOARD MEETING TO REVIEW AND DISCUSS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUAL DISCLOSURE OF INTERESTS BY THE BOARD OF DIRECTORS ARE REQUIRED, WITH THE CHAIR RESPONSIBLE FOR MONITORING & ENFORCING THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FOUNDATION DOES NOT PAY ANY COMPENSATION. IT PAYS THE CLINTON AREA CHAMBER OF COMMERCE AN ADMINSTRATIVE FEE FOR SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION DOES NOT PAY COMPENSATION TO ITS OFFICERS NOR DO THEY HAVE ANY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS ARE KEPT AT THE ORGANIZATION'S BUSINESS OFFICE AND ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DIRECT EVENT EXPENSES 5,766 DIRECT EVENT EXPENSES -5,766
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt05739
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt09160
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0642485
IRS990/TotalAssetsEOYAmt0651544
IRS990/TotalAssetsGrp/BOYAmt0642485
IRS990/TotalAssetsGrp/EOYAmt0651544
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt061723
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$651,544
Liabilities
$91,952
Net assets
$559,592
Revenue
$162,697
Expenses
$135,747
Net income
$26,950
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$0.01$0.59$0.07$0.08$0.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.59$0.01$0.58$0.06$0.06$0.00
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.59$0.01$0.58$0.08$0.08$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.63$0.05$0.58$0.08$0.07$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.63$0.06$0.57$0.06$0.06$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.65$0.08$0.57$0.08$0.07$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.65$0.09$0.56$0.16$0.14$0.03
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.64$0.11$0.53$0.29$0.24$0.05
2016Detailed filing. Detailed filing data is available for this year.$1.15$0.67$0.49$1.34$1.30$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.60$0.15$0.45$0.05$0.06$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.64$0.18$0.46$0.06$0.08$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.67$0.19$0.48$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.22$0.51$0.10
2011Summary only. Only limited summary data is available for this year.$0.81$0.27$0.54$0.10$0.12$0.02