Civic Intelligence

Gateway Area Foundation

990 • Fiscal year 2021 • EIN 42-1270203

Jun 01, 2020 to May 31, 2021 • Filed on Apr 13, 2022

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

62nd percentile

0.08x

Higher debt load relative to assets than 62% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

86th percentile

0.58x

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

53rd percentile

14%

Higher net margin than 53% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

27th percentile

-0.6%

Faster asset growth than 27% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

69th percentile

40%

Faster revenue growth than 69% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Down

$627,814

Down $3,913 (-0.6%) from 2020

Net Assets

Up

$578,932

Up $11,925 (+2.1%) from 2020

Liabilities

Down

$48,882

Down $15,838 (-24%) from 2020

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin53rd percentile

Revenue

Up

$83,688

Up $23,881 (+40%) from 2020

Expenses

Up

$71,763

Up $9,575 (+15%) from 2020

Net Income

Up

$11,925

Up $14,306 (+601%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth27th 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

2021

Assets$627,814
Liabilities$48,882
Net Assets$578,932
Open 2021 Filing

Operations Trend

Revenue Growth69th 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

2021

Revenue$83,688
Expenses$71,763
Net Income$11,925
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2020 to May 31, 2021
Signed
Apr 13, 2022
Return Version
2020v4.0
Gross Receipts
$83,688
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$500,256$482,705▼ $17,551
Cash and Non-Interest-Bearing Accounts$119,711$136,135▲ $16,424
Savings and Temporary Cash Investments$8,152$7,328▼ $824
Accounts Receivable$2,209--
Prepaid Expenses and Deferred Charges$1,399$1,646▲ $247
Total Assets$631,727$627,814▼ $3,913
Liabilities
Mortgage Notes Payable Secured by Investment Property$55,513$39,591▼ $15,922
Other Liabilities$6,447$6,298▼ $149
Accounts Payable and Accrued Expenses$2,010$2,243▲ $233
Deferred Revenue$750$750→ $0
Total Liabilities$64,720$48,882▼ $15,838
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$564,920$569,845▲ $4,925
Net Assets With Donor Restrictions$2,087$9,087▲ $7,000
Total Net Assets Fund Balance$567,007$578,932▲ $11,925
Total Liabilities and Net Assets / Fund Balance$631,727$627,814▼ $3,913

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$386,751$243,789$630,540
Land$92,813-$92,813
Equipment$3,141$5,350$8,491
Compensation and Service Providers
Top Officer Pay52nd percentile

Board Members and Trustees

NameTitle
Jeff AtkinsonChair
Richard PhelanVice Chair
Daniel HousengaDirector
Eddie DunhamDirector
Greg FarwellDirector
Jennifer BoysenDirector
Karen RowellDirector
Lori SusieDirector
Mike JohnsonDirector
Rod TokheimDirector
Melissa EversmeyerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$16,038
Program Service Revenue
$67,061
Investment Income
$0
Other Revenue
$589
All Other Contributions
$16,038
Change in Net Assets
$11,925

Audited Revenue Reconciliation

Revenue per Audited Statements
$83,688
Total Revenue per Audited Statements
$83,688
Total Revenue per Form 990
$83,688
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$71,763
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$24,237--$24,237
Depreciation Depletion$17,551--$17,551
Insurance$3,454--$3,454
Fees for Services Other$2,613--$2,613
Interest$2,357--$2,357
Other Expenses$699$11,728-$699
All Other Expenses$86--$86
Total Functional Expenses$60,035$11,728$0$71,763

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$71,763
Total Expenses per Audited Statements$71,763
Total Expenses per Form 990$71,763
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
Accrued Property Taxes$6,189
Accured Interest$109
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 35% controlled entity
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
Richard Phelan
Title
Vice Chair
Phone
5633570178
Signed
2022-04-13

Organization Details

Principal Officer
Richard Phelan
Formed
2002
Legal Domicile
Ia
Voting Board Members
10
Independent Board Members
10
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.”

Raw XML AppendixShowing 400 of 408 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/BOYAmt02010
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02243
IRS990/AccountsReceivableGrp/BOYAmt02209
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROMOTE ECONOMIC EDUCATION AND COMMUNITY DEVELOPMENT
IRS990/AllOtherContributionsAmt016038
IRS990/AllOtherExpensesGrp/ProgramServicesAmt086
IRS990/AllOtherExpensesGrp/TotalAmt086
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/PersonNm0RICHARD PHELAN
IRS990/BooksInCareOfDetail/PhoneNum05632425702
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03209 MCKINLEY ST
IRS990/BooksInCareOfDetail/USAddress/CityNm0CLINTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd052732
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0119711
IRS990/CashNonInterestBearingGrp/EOYAmt0136135
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt016038
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt071763
IRS990/CYOtherRevenueAmt0589
IRS990/CYProgramServiceRevenueAmt067061
IRS990/CYRevenuesLessExpensesAmt011925
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt071763
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt083688
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt0750
IRS990/DeferredRevenueGrp/EOYAmt0750
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt017551
IRS990/DepreciationDepletionGrp/TotalAmt017551
IRS990/Desc0PROVIDE FUNDING FOR EDUCATIONAL AND LEADERSHIP PROJECTS AND COMMUNITY DEVELOPMENT
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt02087
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt09087
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt02613
IRS990/FeesForServicesOtherGrp/TotalAmt02613
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/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
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/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
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/PersonNm0JEFF ATKINSON
IRS990/Form990PartVIISectionAGrp/PersonNm1JENNIFER BOYSEN
IRS990/Form990PartVIISectionAGrp/PersonNm2EDDIE DUNHAM
IRS990/Form990PartVIISectionAGrp/PersonNm3MELISSA EVERSMEYER
IRS990/Form990PartVIISectionAGrp/PersonNm4GREG FARWELL
IRS990/Form990PartVIISectionAGrp/PersonNm5DANIEL HOUSENGA
IRS990/Form990PartVIISectionAGrp/PersonNm6MIKE JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm7RICHARD PHELAN
IRS990/Form990PartVIISectionAGrp/PersonNm8KAREN ROWELL
IRS990/Form990PartVIISectionAGrp/PersonNm9LORI SUSIE
IRS990/Form990PartVIISectionAGrp/PersonNm10ROD 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/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/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0true
IRS990/FormationYr02002
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt083688
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt010
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt03454
IRS990/InsuranceGrp/TotalAmt03454
IRS990/InterestGrp/ProgramServicesAmt02357
IRS990/InterestGrp/TotalAmt02357
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0249139
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0500256
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0482705
IRS990/LandBldgEquipCostOrOtherBssAmt0731844
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/BOYAmt055513
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt039591
IRS990/NetAssetsOrFundBalancesBOYAmt0567007
IRS990/NetAssetsOrFundBalancesEOYAmt0578932
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0564920
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0569845
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt024237
IRS990/OccupancyGrp/TotalAmt024237
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0PROFESSIONAL FEES
IRS990/OtherExpensesGrp/Desc1CRDC FF2024 EXPENSE
IRS990/OtherExpensesGrp/Desc2SCHOLARSHIPS
IRS990/OtherExpensesGrp/Desc3MISC GRANT EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt011728
IRS990/OtherExpensesGrp/ProgramServicesAmt08038
IRS990/OtherExpensesGrp/ProgramServicesAmt11000
IRS990/OtherExpensesGrp/ProgramServicesAmt2699
IRS990/OtherExpensesGrp/TotalAmt011728
IRS990/OtherExpensesGrp/TotalAmt18038
IRS990/OtherExpensesGrp/TotalAmt21000
IRS990/OtherExpensesGrp/TotalAmt3699
IRS990/OtherLiabilitiesGrp/BOYAmt06447
IRS990/OtherLiabilitiesGrp/EOYAmt06298
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0589
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0589
IRS990/OtherRevenueTotalAmt0589
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01399
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01646
IRS990/PrincipalOfficerNm0RICHARD PHELAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL - 8% OWNED
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt056497
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt056497
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt110564
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt010564
IRS990/ProgSrvcAccomActyOtherGrp/Desc0SUBSTANTIALLY ALL USE OF PROPERTY FOR EXEMPT PURPOSES - 8% OF RENTAL EXPENSES UNRELATED TO EXEMPT PURPOSE.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt060035
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt062188
IRS990/PYOtherRevenueAmt0-918
IRS990/PYProgramServiceRevenueAmt060725
IRS990/PYRevenuesLessExpensesAmt0-2381
IRS990/PYTotalExpensesAmt062188
IRS990/PYTotalRevenueAmt059807
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt011925
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt067061
IRS990/SavingsAndTempCashInvstGrp/BOYAmt08152
IRS990/SavingsAndTempCashInvstGrp/EOYAmt07328
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0PROGRAM OTHER INCOME 363,108
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt015038
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt04283
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt061723
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0194284
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0275328
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0280263
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt057497
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt055661
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt068615
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt089311
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt092024
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0363108
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.43100
IRS990ScheduleA/PublicSupportPY170Pct00.77660
IRS990ScheduleA/PublicSupportTotal170Amt0275328
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt015038
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt04283
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt061723
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0194284
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0275328
IRS990ScheduleA/TotalSupportAmt0638864
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt0272
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt0156
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt0428
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0386751
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0243789
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0630540
IRS990ScheduleD/EquipmentGrp/BookValueAmt03141
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05350
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt08491
IRS990ScheduleD/ExpensesSubtotalAmt071763
IRS990ScheduleD/LandGrp/BookValueAmt092813
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt092813
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06189
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1109
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PROPERTY TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCURED INTEREST
IRS990ScheduleD/RevenueSubtotalAmt083688
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0482705
IRS990ScheduleD/TotalExpensesPerForm990Amt071763
IRS990ScheduleD/TotalLiabilityAmt06298
IRS990ScheduleD/TotalRevenuePerForm990Amt083688
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt083688
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt071763
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/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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0631727
IRS990/TotalAssetsEOYAmt0627814
IRS990/TotalAssetsGrp/BOYAmt0631727
IRS990/TotalAssetsGrp/EOYAmt0627814
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt016038
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt011728
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt060035
IRS990/TotalFunctionalExpensesGrp/TotalAmt071763
IRS990/TotalGrossUBIAmt010564
IRS990/TotalLiabilitiesBOYAmt064720
IRS990/TotalLiabilitiesEOYAmt048882
IRS990/TotalLiabilitiesGrp/BOYAmt064720
IRS990/TotalLiabilitiesGrp/EOYAmt048882
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0567007
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0578932
IRS990/TotalOtherProgSrvcExpenseAmt060035
IRS990/TotalProgramServiceExpensesAmt060035
IRS990/TotalProgramServiceRevenueAmt067061
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt057086
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt083688
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt010564
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0631727
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0627814
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03209 MCKINLEY ST
IRS990/USAddress/CityNm0CLINTON
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd052732
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD PHELAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum05633570178
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-04-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GATEWAY AREA FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0GATE
ReturnHeader/Filer/EIN0421270203
ReturnHeader/Filer/PhoneNum05632425702
ReturnHeader/Filer/USAddress/AddressLine1Txt0721 SOUTH SECOND STREET
ReturnHeader/Filer/USAddress/CityNm0CLINTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd052732
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0270402452
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WINKEL PARKER & FOSTER CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01301 19TH AVE NW
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CLINTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0527322434
ReturnHeader/PreparerPersonGrp/PhoneNum05632423440
ReturnHeader/PreparerPersonGrp/PreparationDt02022-04-15

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$627,814
Liabilities
$48,882
Net assets
$578,932
Revenue
$83,688
Expenses
$71,763
Net income
$11,925
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
2021Detailed filing. Detailed filing data is available for this year.$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
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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