Civic Intelligence

Eastern Iowa Tourism Association

EIN 42-6213821 • 501(c)6 • Cedar Rapids, IA

Profile

To enhance and develop tourism in eastern iowa.

2320 4th Ave SECedar Rapids, IA 52403

www.easterniowatourism.org

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

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

Source year 2023

Liabilities / Revenue

51st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2023

Net Margin

5th percentile

-158%

Higher net margin than 5% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2023

Top Officer Pay

97th percentile

$108,674

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 136.3% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2023

Asset Growth

8th percentile

-100%

Faster asset growth than 8% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

7th percentile

-72%

Faster revenue growth than 7% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$0

Down $230,409 (-100%) from 2022

Liabilities

Down

$0

Down $104,136 (-100%) from 2022

Net Assets

Down

$0

Down $126,273 (-100%) from 2022

Revenue

Down

$79,713

Down $205,290 (-72%) from 2022

Expenses

Down

$205,986

Down $81,690 (-28%) from 2022

Net Income

Down

-$126,273

Down $123,600 (-4624%) from 2022

Trend Graphs

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2011: $72,133Liabilities 2011: $14,469Net Assets 2011: $57,6642011Assets 2012: $69,833Liabilities 2012: $9,800Net Assets 2012: $60,0332012Assets 2013: $79,599Liabilities 2013: $8,904Net Assets 2013: $70,6952013Assets 2014: $94,517Liabilities 2014: $10,835Net Assets 2014: $83,6822014Assets 2015: $98,725Liabilities 2015: $10,987Net Assets 2015: $87,7382015Assets 2016: $121,038Liabilities 2016: $11,179Net Assets 2016: $109,8592016Assets 2017: $139,802Liabilities 2017: $11,819Net Assets 2017: $127,9832017Assets 2018: $153,781Liabilities 2018: $17,250Net Assets 2018: $136,5312018Assets 2019: $156,996Liabilities 2019: $8,714Net Assets 2019: $148,2822019Assets 2020: $232,544Liabilities 2020: $88,885Net Assets 2020: $143,6592020Assets 2021: $203,874Liabilities 2021: $86,433Net Assets 2021: $117,4412021Assets 2022: $230,409Liabilities 2022: $104,136Net Assets 2022: $126,2732022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2023

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$400K$200K$0-$200KRevenue 2011: $241,549Expenses 2011: $242,429Net Income 2011: -$8802011Expenses 2012: $210,4102012Expenses 2013: $199,4032013Revenue 2014: $220,354Expenses 2014: $207,367Net Income 2014: $12,9872014Revenue 2015: $219,298Expenses 2015: $215,242Net Income 2015: $4,0562015Revenue 2016: $216,445Expenses 2016: $194,324Net Income 2016: $22,1212016Revenue 2017: $216,712Expenses 2017: $198,588Net Income 2017: $18,1242017Revenue 2018: $194,152Expenses 2018: $185,604Net Income 2018: $8,5482018Revenue 2019: $195,148Expenses 2019: $183,397Net Income 2019: $11,7512019Revenue 2020: $197,967Expenses 2020: $202,590Net Income 2020: -$4,6232020Revenue 2021: $216,307Expenses 2021: $247,080Net Income 2021: -$30,7732021Revenue 2022: $285,003Expenses 2022: $287,676Net Income 2022: -$2,6732022Revenue 2023: $79,713Expenses 2023: $205,986Net Income 2023: -$126,2732023

Highlighted filing

2023

Revenue$79,713
Expenses$205,986
Net Income-$126,273

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Oct 23, 2023
Return Version
2022v5.0
Gross Receipts
$79,947
Mission and Program Overview

Mission

To enhance and develop tourism in eastern iowa.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$229,155--
Prepaid Expenses and Deferred Charges$667--
Land, Buildings, and Equipment, Net$587--
Total Assets$230,409$0▼ $230,409
Liabilities
Deferred Revenue$99,200--
Accounts Payable and Accrued Expenses$4,936--
Total Liabilities$104,136$0▼ $104,136
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$126,273--
Total Net Assets Fund Balance$126,273$0▼ $126,273
Total Liabilities and Net Assets / Fund Balance$230,409$0▼ $230,409
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Carrie KoelkerExecutive DiFT$108,674$108,674

Board Members and Trustees

NameTitle
Laura McgrathPresident
Ryan SchladerPresident El
Amy Ziegler Left July 2022Iowa Tourism
John VallierePast Preside
Chelsea LerudTreasurer
Tavis HallVP of Educat
Nick PfeifferVP of Legisl
Jodi HansenVP of Market
Spiff SlifkaVP of Member
Revenue and Support

Revenue Composition

Contributions and Grants
$31,265
Program Service Revenue
$0
Investment Income
$-214
Other Revenue
$48,662
Change in Net Assets
$-126,273
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$104,418
Salaries, Compensation, and Employee Benefits$83,922
Other Expenses$17,646
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs---$104,418
Current Officers, Directors, Trustees, and Key Employees---$77,217
Travel---$7,274
Other Salaries and Wages---$6,705
Conferences and Meetings---$4,230
Office Expenses---$2,502
Fees for Services Accounting---$1,767
Other Expenses---$1,102
Depreciation Depletion---$353
Occupancy---$218
Insurance---$200
Total Functional Expenses$0$0$0$205,986
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Iowa Economic Development Authority---$86,700
Jcfa Marketing & Promotion---$10,000
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
In-house lobbying only
No
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
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 4

On september 28, 2022, the association's board of directors voted to dissolve the association. The dissolution was effective upon the date the articles of dissolution were filed, which was march 16, 2023. Under the agreement in the articles of dissolution, 60% of the association's net assets were directed to iowa travel industry partners for advocacy work and the other 40% was directed to iowa travel industry partners foundation for education programming and tourism industry scholarships.

Form 990, Page 6, Part VI, Line 6

Memberships in eita will be offered to qualified attractions, businesses, government agencies, and individuals based on a dues structure established by the board of directors and approved by the membership.

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

The organization's form 990 is reviewed at a monthly board meeting prior to filing.

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

Any board member with a possible conflict will disclose to the board of directors material facts regarding the proposed transaction. The board then determines if a conflict exists. The chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. The board then excercises due diligence to determine if with reasonable efforts a more advantageous transaction or arrangement can be obtained from a person without a conflict.

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

The governing body utilizes comparable data to determine compensation.

Form 990, Page 6, Part VI, Line 19

The organization makes their governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Eastern Iowa Tourism Association
EIN
42-6213821
Phone
5638757269
Address
2320 4TH AVE SE, CEDAR RAPIDS, IA 52403

Signing Officer

Name
Laura Mcgrath
Title
President
Phone
5638757269
Signed
2023-10-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laura Mcgrath
Formed
1986
Legal Domicile
Ia
Voting Board Members
8
Independent Board Members
8
Employees
1
Volunteers
8

Preparer

Firm
Forge Financial & Management Consulting
Address
1245 JORDAN CREEK PKWY STE 100, WEST DES MOINES, IA 50266-2343
Preparer
Ross Vanlaar CPA
Phone
5156203050
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN1853540084
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt029197
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt119465
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(C)(3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt1501(C)(3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt0500 JEFFERSON ST
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt1PO BOX 1173
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0WATERLOO
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm1BURLINGTON
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0IA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd1IA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd050701
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IRS990ScheduleN/OwnerOfSuccessorInd0false
IRS990ScheduleN/ReceiveCompensationInd0true
IRS990ScheduleN/RequiredToNotifyAGInd0true
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0CHELSEA LERUND (TREASURER) IS THE EXECUTIVE DIRECTOR AT IOWA TRAVEL INDUSTRY PARTNERS. CARRIE KOELKER (EXECUTIVE DIRECTOR) RECEIVED A SEVERANCE PACKAGE TOTALING 43,435 AS A RESULT OF THE DISSOLUTION.
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt1ON SEPTEMBER 28, 2022, THE ASSOCIATION'S BOARD OF DIRECTORS VOTED TO DISSOLVE THE ASSOCIATION. THE DISSOLUTION WAS EFFECTIVE UPON THE DATE THE ARTICLES OF DISSOLUTION WERE FILED, WHICH WAS MARCH 16, 2023. UNDER THE AGREEMENT IN THE ARTICLES OF DISSOLUTION, 60% OF THE ASSOCIATION'S NET ASSETS WERE DIRECTED TO IOWA TRAVEL INDUSTRY PARTNERS FOR ADVOCACY WORK AND THE OTHER 40% WAS DIRECTED TO IOWA TRAVEL INDUSTRY PARTNERS FOUNDATION FOR EDUCATION PROGRAMMING AND TOURISM INDUSTRY SCHOLARSHIPS.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE N, PAGE 1, PART I, LINE 2E
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE N
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ON SEPTEMBER 28, 2022, THE ASSOCIATION'S BOARD OF DIRECTORS VOTED TO DISSOLVE THE ASSOCIATION. THE DISSOLUTION WAS EFFECTIVE UPON THE DATE THE ARTICLES OF DISSOLUTION WERE FILED, WHICH WAS MARCH 16, 2023. UNDER THE AGREEMENT IN THE ARTICLES OF DISSOLUTION, 60% OF THE ASSOCIATION'S NET ASSETS WERE DIRECTED TO IOWA TRAVEL INDUSTRY PARTNERS FOR ADVOCACY WORK AND THE OTHER 40% WAS DIRECTED TO IOWA TRAVEL INDUSTRY PARTNERS FOUNDATION FOR EDUCATION PROGRAMMING AND TOURISM INDUSTRY SCHOLARSHIPS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERSHIPS IN EITA WILL BE OFFERED TO QUALIFIED ATTRACTIONS, BUSINESSES, GOVERNMENT AGENCIES, AND INDIVIDUALS BASED ON A DUES STRUCTURE ESTABLISHED BY THE BOARD OF DIRECTORS AND APPROVED BY THE MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S FORM 990 IS REVIEWED AT A MONTHLY BOARD MEETING PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANY BOARD MEMBER WITH A POSSIBLE CONFLICT WILL DISCLOSE TO THE BOARD OF DIRECTORS MATERIAL FACTS REGARDING THE PROPOSED TRANSACTION. THE BOARD THEN DETERMINES IF A CONFLICT EXISTS. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. THE BOARD THEN EXCERCISES DUE DILIGENCE TO DETERMINE IF WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT CAN BE OBTAINED FROM A PERSON WITHOUT A CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING BODY UTILIZES COMPARABLE DATA TO DETERMINE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES THEIR GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
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 19
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IRS990/SubjectToProxyTaxInd0true
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0true
IRS990/TotalAssetsBOYAmt0230409
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt0230409
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt031265
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0205986
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0104136
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt0104136
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0126273
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalReportableCompFromOrgAmt0108674
IRS990/TotalRevenueGrp/ExclusionAmt020
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt048428
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt079713
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0230409
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TravelGrp/TotalAmt07274
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02320 4TH AVENUE SE
IRS990/USAddress/CityNm0CEDAR RAPIDS
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd052403
IRS990/VotingMembersGoverningBodyCnt08
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IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LAURA MCGRATH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05638757269
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EASTERN IOWA TOURISM ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0EAST
ReturnHeader/Filer/EIN0426213821
ReturnHeader/Filer/PhoneNum05638757269
ReturnHeader/Filer/USAddress/AddressLine1Txt02320 4TH AVE SE
ReturnHeader/Filer/USAddress/CityNm0CEDAR RAPIDS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd052403
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0882802798
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FORGE FINANCIAL & MANAGEMENT CONSULTING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01245 JORDAN CREEK PKWY STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WEST DES MOINES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0502662343
ReturnHeader/PreparerPersonGrp/PhoneNum05156203050
ReturnHeader/PreparerPersonGrp/PreparationDt02023-10-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROSS VANLAAR CPA
ReturnHeader/ReturnTs02023-10-24T16:25:00-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LAURA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MCGRATH
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

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