Form 990, Page 6, Part VI, Line 6
“The officers of the corporation shall consist of a president and a past president, a vice president, a secretary and a treasurer, and such other officers as may be elected or appointed by the board of directors.”
990 • Fiscal year 2024 • EIN 42-1303617
Scores are not available for this record yet.
Assets
Up$612,729
Up $3,015 (+0.5%) from 2023
Net Assets
Up$612,675
Up $7,058 (+1.2%) from 2023
Liabilities
Down$54
Down $4,043 (-99%) from 2023
Revenue
Up$164,202
Up $3,209 (+2.0%) from 2023
Expenses
Up$157,144
Up $14,759 (+10%) from 2023
Net Income
Down$7,058
Down $11,550 (-62%) from 2023
To attract businesses to locate in madison county, iowa
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $348,677 | $390,473 | ▲ $41,796 |
| Other Notes and Loans Receivable, Net | $136,022 | $120,413 | ▼ $15,609 |
| Cash and Non-Interest-Bearing Accounts | $124,653 | $101,679 | ▼ $22,974 |
| Land, Buildings, and Equipment, Net | $362 | $164 | ▼ $198 |
| Total Assets | $609,714 | $612,729 | ▲ $3,015 |
| Liabilities | |||
| Other Liabilities | $4,097 | $54 | ▼ $4,043 |
| Total Liabilities | $4,097 | $54 | ▼ $4,043 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $605,617 | $612,675 | ▲ $7,058 |
| Total Net Assets Fund Balance | $605,617 | $612,675 | ▲ $7,058 |
| Total Liabilities and Net Assets / Fund Balance | $609,714 | $612,729 | ▲ $3,015 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Tom Leners Left Dec 2023 | Secretary | FT | $59,304 | $1,779 | $61,083 |
| Name | Title |
|---|---|
| Jeff Nolan | President |
| Bryan Nelson | Director |
| Daniel Vandenbosch | Director |
| David Miller | Director |
| Drew Barden | Director |
| Eric Johnson | Director |
| Jane Rosien Left Dec 2023 | Director |
| Jeff Lillie Left Mar 2024 | Director |
| Justin Gross | Director |
| Mark Smith | Director |
| Melissa Collstrom | Director |
| Peter Corkrean | Director |
| Phil Clifton | Director |
| Sam Anker | Director |
| Shane Pashek | Director |
| Sharon Dentlinger Left Jun 2023 | Director |
| Wayne Martens | Director |
| Dave Lagrange | Past Preside |
| Ryan Marquardt | Secretary |
| S James Smith | Treasurer |
| Dan Nielsen | Vice Preside |
| Line Item | Amount |
|---|---|
| Other Expenses | $91,482 |
| Salaries, Compensation, and Employee Benefits | $65,662 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Current Officers, Directors, Trustees, and Key Employees | - | $61,083 | - | $61,083 |
| Fees for Services Accounting | - | $6,150 | - | $6,150 |
| Occupancy | - | $6,103 | - | $6,103 |
| Payroll Taxes | - | $4,579 | - | $4,579 |
| Office Expenses | - | $2,597 | - | $2,597 |
| All Other Expenses | - | $1,859 | - | $1,859 |
| Insurance | - | $1,789 | - | $1,789 |
| Advertising | - | $1,601 | - | $1,601 |
| Travel | - | $1,434 | - | $1,434 |
| Other Expenses | - | $1,028 | - | $1,028 |
| Conferences and Meetings | - | $593 | - | $593 |
| Depreciation Depletion | - | $197 | - | $197 |
| Total Functional Expenses | $0 | $157,144 | $0 | $157,144 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Payroll Liabilities | $42 |
| Due to Alliance | $12 |
“The officers of the corporation shall consist of a president and a past president, a vice president, a secretary and a treasurer, and such other officers as may be elected or appointed by the board of directors.”
“Number and election of directors. The number of directors of the corporation shall be not less than seven nor more than eighteen, as set from time by the board of directors. At the annual meeting of members, the members shall elect directors to hold office until the next succeeding annual meeting, and each director shall hold office for the term for which he is elected or until his successor shall have been elected and qualified. The city administrator of the city of winterset, a county supervisor of madison county, iowa, and a representative of the winterset municipal utilitiy board shall be voting members of the board of directors. Election and term of office. The officers of the corporation shall be elected annually by the board of directors at the first meeting of the board of directors held after each annual meeting of the members. If the election of officers shall not be held at such meeting, such election shall be held as soon thereafter as conveniently may be. Vacancies may be filled or new officer positions created and filled at any meeting of the board of directors. Each officer shall hold office until his successor shall have been duly elected and qualifed, until his death or until he shall resign or shall have been removed. Election or appointment of an officer shall not of iteself create contract rights.”
“A draft copy of the 990 is provided to the organization's executive committee prior to signature.”
“Board members are is required to sign a statement annually they are aware of the conflicts of interest policy.”
“No documents available to the public”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | JEFF LILLIE LEFT MAR 2024 |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 18 | PAST PRESIDE |
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| IRS990/MissionDesc | 0 | TO ATTRACT BUSINESSES TO LOCATE IN MADISON COUNTY, IOWA |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 605617 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 612675 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 605617 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 612675 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 6103 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 6103 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 2597 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 2597 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherExpensesGrp/Desc | 0 | CITY OF WINTERSET REIMBUR |
| IRS990/OtherExpensesGrp/Desc | 1 | MEMBERSHIP FEES |
| IRS990/OtherExpensesGrp/Desc | 2 | FLOWER EXPENSE |
| IRS990/OtherExpensesGrp/Desc | 3 | PROFESSIONAL DEVELOPMENT |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 55423 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 6770 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 5938 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 3 | 1028 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 55423 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 6770 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 5938 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 1028 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 4097 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 54 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | FOUNDATION ADMINISTRATION |
| IRS990/OtherRevenueMiscGrp/Desc | 1 | PROPERTY TAX REIMBURSEMENT |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 4600 |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 1 | 1674 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 4600 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 1 | 1674 |
| IRS990/OtherRevenueTotalAmt | 0 | 6274 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 136022 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 120413 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 4579 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 4579 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrincipalOfficerNm | 0 | RYAN MARQUARDT |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | MEMBERSHIP DUES |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 20100 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 20100 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 119842 |
| IRS990/PYInvestmentIncomeAmt | 0 | 5151 |
| IRS990/PYOtherExpensesAmt | 0 | 46143 |
| IRS990/PYOtherRevenueAmt | 0 | 11100 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 24900 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 18608 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 96242 |
| IRS990/PYTotalExpensesAmt | 0 | 142385 |
| IRS990/PYTotalRevenueAmt | 0 | 160993 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 7058 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 348677 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 390473 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | true |
| IRS990ScheduleC/AgreeCarryoverPriorYearInd | 0 | false |
| IRS990ScheduleC/OnlyInHouseLobbyingInd | 0 | false |
| IRS990ScheduleC/SubstantiallyAllDuesNondedInd | 0 | false |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 42 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 12 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | PAYROLL LIABILITIES |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | DUE TO ALLIANCE |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 54 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | false |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE OFFICERS OF THE CORPORATION SHALL CONSIST OF A PRESIDENT AND A PAST PRESIDENT, A VICE PRESIDENT, A SECRETARY AND A TREASURER, AND SUCH OTHER OFFICERS AS MAY BE ELECTED OR APPOINTED BY THE BOARD OF DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | NUMBER AND ELECTION OF DIRECTORS. THE NUMBER OF DIRECTORS OF THE CORPORATION SHALL BE NOT LESS THAN SEVEN NOR MORE THAN EIGHTEEN, AS SET FROM TIME BY THE BOARD OF DIRECTORS. AT THE ANNUAL MEETING OF MEMBERS, THE MEMBERS SHALL ELECT DIRECTORS TO HOLD OFFICE UNTIL THE NEXT SUCCEEDING ANNUAL MEETING, AND EACH DIRECTOR SHALL HOLD OFFICE FOR THE TERM FOR WHICH HE IS ELECTED OR UNTIL HIS SUCCESSOR SHALL HAVE BEEN ELECTED AND QUALIFIED. THE CITY ADMINISTRATOR OF THE CITY OF WINTERSET, A COUNTY SUPERVISOR OF MADISON COUNTY, IOWA, AND A REPRESENTATIVE OF THE WINTERSET MUNICIPAL UTILITIY BOARD SHALL BE VOTING MEMBERS OF THE BOARD OF DIRECTORS. ELECTION AND TERM OF OFFICE. THE OFFICERS OF THE CORPORATION SHALL BE ELECTED ANNUALLY BY THE BOARD OF DIRECTORS AT THE FIRST MEETING OF THE BOARD OF DIRECTORS HELD AFTER EACH ANNUAL MEETING OF THE MEMBERS. IF THE ELECTION OF OFFICERS SHALL NOT BE HELD AT SUCH MEETING, SUCH ELECTION SHALL BE HELD AS SOON THEREAFTER AS CONVENIENTLY MAY BE. VACANCIES MAY BE FILLED OR NEW OFFICER POSITIONS CREATED AND FILLED AT ANY MEETING OF THE BOARD OF DIRECTORS. EACH OFFICER SHALL HOLD OFFICE UNTIL HIS SUCCESSOR SHALL HAVE BEEN DULY ELECTED AND QUALIFED, UNTIL HIS DEATH OR UNTIL HE SHALL RESIGN OR SHALL HAVE BEEN REMOVED. ELECTION OR APPOINTMENT OF AN OFFICER SHALL NOT OF ITESELF CREATE CONTRACT RIGHTS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | A DRAFT COPY OF THE 990 IS PROVIDED TO THE ORGANIZATION'S EXECUTIVE COMMITTEE PRIOR TO SIGNATURE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | BOARD MEMBERS ARE IS REQUIRED TO SIGN A STATEMENT ANNUALLY THEY ARE AWARE OF THE CONFLICTS OF INTEREST POLICY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | NO DOCUMENTS AVAILABLE TO THE PUBLIC |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PAGE 6, PART VI, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | true |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 609714 |
| IRS990/TotalAssetsEOYAmt | 0 | 612729 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 609714 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 612729 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 120855 |
| IRS990/TotalEmployeeCnt | 0 | 1 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 157144 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 157144 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 4097 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 54 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 4097 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 54 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 605617 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 612675 |
| IRS990/TotalOtherCompensationAmt | 0 | 1779 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 20100 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 59304 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 43347 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 164202 |
| IRS990/TotalVolunteersCnt | 0 | 20 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 609714 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 612729 |
| IRS990/TravelGrp/ManagementAndGeneralAmt | 0 | 1434 |
| IRS990/TravelGrp/TotalAmt | 0 | 1434 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
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Displayed year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.