Civic Intelligence

Prospect Meadows Inc.

990 • Fiscal year 2020 • EIN 45-1186453

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 11, 2021

Organization ProfileN/A
1890 County Home RoadMarion, IA 52302

(319) 213-1775

Siviq Scores

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

Liabilities / Assets

74th percentile

0.53x

Higher debt load relative to assets than 74% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

95th percentile

7.62x

Higher debt load relative to revenue than 95% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

3rd percentile

-114%

Higher net margin than 3% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

17th percentile

$69,950

Higher top officer pay than 17% of similar nonprofits.

Top officer pay equals 6.7% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

12th percentile

-4.6%

Faster asset growth than 12% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

6th percentile

-53%

Faster revenue growth than 6% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets74th percentile

Assets

Down

$14,981,835

Down $723,445 (-4.6%) from 2019

Net Assets

Down

$7,053,731

Down $1,191,453 (-14%) from 2019

Liabilities

Up

$7,928,104

Up $468,008 (+6.3%) from 2019

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin3rd percentile

Revenue

Down

$1,040,603

Down $1,183,584 (-53%) from 2019

Expenses

Up

$2,232,056

Up $818,541 (+58%) from 2019

Net Income

Down

-$1,191,453

Down $2,002,125 (-247%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

$20M$15M$10M$5.0M$0-$5.0MAssets 2012: -$1,732Liabilities 2012: $5,311Net Assets 2012: -$7,0432012Assets 2013: $23,769Liabilities 2013: $1,510Net Assets 2013: $22,2592013Assets 2014: $202,880Liabilities 2014: $1,651Net Assets 2014: $201,2292014Assets 2015: $460,971Liabilities 2015: $3,328Net Assets 2015: $457,6432015Assets 2016: $6,518,614Liabilities 2016: $4,734,865Net Assets 2016: $1,783,7492016Assets 2017: $6,465,329Liabilities 2017: $4,751,179Net Assets 2017: $1,714,1502017Assets 2018: $13,348,966Liabilities 2018: $5,914,454Net Assets 2018: $7,434,5122018Assets 2019: $15,705,280Liabilities 2019: $7,460,096Net Assets 2019: $8,245,1842019Assets 2020: $14,981,835Liabilities 2020: $7,928,104Net Assets 2020: $7,053,7312020Assets 2021: $13,712,909Liabilities 2021: $7,521,611Net Assets 2021: $6,191,2982021Assets 2022: $13,904,712Liabilities 2022: $6,158,360Net Assets 2022: $7,746,3522022Assets 2023: $12,597,677Liabilities 2023: $5,345,389Net Assets 2023: $7,252,2882023Assets 2024: $11,390,035Liabilities 2024: $5,065,972Net Assets 2024: $6,324,0632024

Highlighted filing

2020

Assets$14,981,835
Liabilities$7,928,104
Net Assets$7,053,731
Open 2020 Filing

Operations Trend

Revenue Growth6th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2012: $30,700Expenses 2012: $37,743Net Income 2012: -$7,0432012Revenue 2013: $252,612Expenses 2013: $223,310Net Income 2013: $29,3022013Revenue 2014: $341,783Expenses 2014: $162,813Net Income 2014: $178,9702014Revenue 2015: $375,417Expenses 2015: $119,003Net Income 2015: $256,4142015Revenue 2016: $1,451,602Expenses 2016: $163,971Net Income 2016: $1,287,6312016Revenue 2017: $141,688Expenses 2017: $211,287Net Income 2017: -$69,5992017Revenue 2018: $5,520,393Expenses 2018: $370,635Net Income 2018: $5,149,7582018Revenue 2019: $2,224,187Expenses 2019: $1,413,515Net Income 2019: $810,6722019Revenue 2020: $1,040,603Expenses 2020: $2,232,056Net Income 2020: -$1,191,4532020Revenue 2021: $1,593,506Expenses 2021: $2,455,939Net Income 2021: -$862,4332021Revenue 2022: $4,061,568Expenses 2022: $2,506,514Net Income 2022: $1,555,0542022Revenue 2023: $2,041,767Expenses 2023: $2,535,831Net Income 2023: -$494,0642023Revenue 2024: $1,777,816Expenses 2024: $2,635,439Net Income 2024: -$857,6232024

Highlighted filing

2020

Revenue$1,040,603
Expenses$2,232,056
Net Income-$1,191,453
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 11, 2021
Return Version
2020v4.1
Gross Receipts
$1,040,603
Mission and Program Overview

Mission

Provide attractive, local, and professional outdoor baseball and softball facilities and programs through 17 fields on one campus. These facilities and programs will be of significant benefit to local youth and the local economy in its nationwide tourism appeal. Local programs and national tournaments will both allow young people the opportunity to develop their athletic and social skills in a fan friendly environment at prospect meadows.

To provide attractive, local and professional outdoor baseball and softball facilities and programs through 9 fields on one campus.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$14,785,004$14,041,664▼ $743,340
Rtn Earn Endowment Incm Other Fnds$8,245,184$7,053,731▼ $1,191,453
Cash and Non-Interest-Bearing Accounts$288,155$576,648▲ $288,493
Pledges and Grants Receivable$479,183$328,401▼ $150,782
Intangible Assets$130,681--
Accounts Receivable$10,029$18,136▲ $8,107
Prepaid Expenses and Deferred Charges$12,228$13,934▲ $1,706
Inventories for Sale or Use-$3,052-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$15,705,280$14,981,835▼ $723,445
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,400,000$7,429,661▲ $29,661
Other Liabilities$-936$398,490▲ $399,426
Accounts Payable and Accrued Expenses$50,132$90,953▲ $40,821
Deferred Revenue$10,900$9,000▼ $1,900
Total Liabilities$7,460,096$7,928,104▲ $468,008
Net Assets / Fund Balance
Total Net Assets Fund Balance$8,245,184$7,053,731▼ $1,191,453
Total Liabilities and Net Assets / Fund Balance$15,705,280$14,981,835▼ $723,445

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,733,764$90,768-
Equipment$76,223$17,832-
Leasehold Improvements$12,231,677$1,289,524-
Compensation and Service Providers
Top Officer Pay17th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jack RoederPresidentFT$69,950$69,950

Board Members and Trustees

NameTitle
Tim StrellnerBoard President
Troy McquillenVice President
Angela JordanBoard Member
Charlie WeberBoard Member
Christine LandaBoard Member
Dan StrellnerBoard Member
Jim Van ScoyocBoard Member
Mark MattkeBoard Member
Tom BrandtBoard Member
Rick FreeseSecretary
Steve HammesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,034,843
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$5,760
All Other Contributions
$938,893
Change in Net Assets
$-1,191,453

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$31,155Fair Market Value (FMV)
Other Non Cash Contri Table1$8,550Fair Market Value (FMV)
Other Non Cash Contri Table1$4,320Fair Market Value (FMV)
Total Noncash Contributions3$44,025-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,040,602
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,040,602
Total Revenue per Form 990
$1,040,602
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,930,335
Salaries, Compensation, and Employee Benefits$301,721
Total Fundraising Expense$71,327
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$883,581$2,972-$886,553
Interest$470,920--$470,920
Current Officers, Directors, Trustees, and Key Employees$157,855$60,609$30,717$249,181
All Other Expenses$114,133$5,741$23,487$143,361
Fees for Services Other$35,300$12,817$12,817$60,934
Insurance$43,797$5,227$255$49,279
Other Expenses$33,411$892$452$34,755
Other Salaries and Wages$26,794--$26,794
Payroll Taxes$13,792$4,629$2,346$20,767
Office Expenses$3,140$1,240$628$5,008
Other Employee Benefits$3,120$1,234$625$4,979
Total Functional Expenses$2,065,368$95,361$71,327$2,232,056

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,232,055
Total Expenses per Audited Statements$2,232,055
Total Expenses per Form 990$2,232,055
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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 Interest Payable$382,157
Accrued Usda Fees Payable$16,314
Accrued Payroll$19
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
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
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Dan strellner and tim strellner are brothers.”

Form 990, Part VI, Section B, Line 11B

“The form 990 is reviewed by the board before the tax return is filed.”

Form 990, Part VI, Section B, Line 15

“All compensation packages are reviewed and approved by the board. Pay ranges are determined by consulting with local baseball and professional fundraising organizations.”

Form 990, Part VI, Section C, Line 18

“All tax returns and exemption applications are available for public inspections by contacting a current officer of the organization.”

Form 990, Part VI, Section C, Line 19

“All governing documents, financial statements and policies are available for public inspection by contacting one of the officer's of the organization.”

Filing and Contact Details

Filer

Filer Name
Prospect Meadows Inc
EIN
45-1186453
Phone
3192131775
Address
1890 COUNTY HOME ROAD, MARION, IA 52302

Signing Officer

Name
Steve Hammes
Title
Treasurer
Phone
3193609166
Signed
2021-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Hammes
Formed
2011
Legal Domicile
Ia
Voting Board Members
11
Independent Board Members
11
Employees
31
Volunteers
0

Preparer

Firm
The Brems Group Llp
Address
PO BOX 1386, CEDAR RAPIDS, IA 52406-1386
Preparer
Brian Coller
Phone
3193640101
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The organization accounts for uncertain tax positions in accordance with fasb interpretation no. 48, "accounting for uncertainty in income taxes - an interpretation of fasb statement no. 109" ("fin 48") which was issued in july 2006 and is applicable for a non-public company. Fin 48 prescribes a recognition and measurement of a tax position taken or expected to be taken in a tax return and also provides guidance on various related matters such as de-recognized tax benefits in income tax expense. There is no impact to the financial statementsas a result of this interpretation. The organization's income tax returns are subject to examination by the internal revenue service and the iowa department of revenue. The organization's federal and iowa tax returns remain open three-years from the date of filing. Tax returns prior to 2016 are no longer open for audit.”

Raw XML AppendixShowing 400 of 500 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.

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IRS990/Desc0THE ORGANIZATION WAS FORMED IN THE STATE OF IOWA IN 2011, AS A NONPROFIT CORPORATION, TO RAISE CAPITAL AND CONSTRUCT A PROFESSIONAL OUTDOOR BASEBALL/SOFTBALL COMPLEX ON LAND LEASED FROM LINN COUNTY, IOWA. THIS FACILITY ALLOWS YOUNG PEOPLE IN THE AREA AND THROUGHOUT THE UNITED STATES TO DEVELOP ATHLETIC AND SOCIAL SKILLS IN A FAN FRIENDLY ENVIRONMENT. IT ALSO PROVIDES AN AVENUE FOR PLAYERS TO BE SHOWCASED AND RECRUITED BY COLLEGES AND PROFESSIONAL TEAMS. ONE FIELD IS A MIRACLE FIELD FOR DISABLED YOUTH. THE ORGANIZATION WILL ALSO HAVE AN AT-RISK PROGRAM FOR LOCAL YOUTHS. CONSTRUCTION HAS BEEN COMPLETED AND THE ORGANIZATION BEGAN OPERATIONS IN MAY 2019. THE ORGANIZATION IS FUNDED THROUGH DONATIONS, HOSTING BASEBALL AND SOFTBALL EVENTS, LEASING OUT THE COMPLEX, ADVERTISING, CONCESSIONS AND SOUVENIR SALES.
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IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT
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IRS990/InsuranceGrp/ManagementAndGeneralAmt05227
IRS990/InsuranceGrp/ProgramServicesAmt043797
IRS990/InsuranceGrp/TotalAmt049279
IRS990/IntangibleAssetsGrp/BOYAmt0130681
IRS990/InterestGrp/ProgramServicesAmt0470920
IRS990/InterestGrp/TotalAmt0470920
IRS990/InventoriesForSaleOrUseGrp/EOYAmt03052
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt010
IRS990/IRPDocumentW2GCnt00
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IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROVIDE ATTRACTIVE, LOCAL, AND PROFESSIONAL OUTDOOR BASEBALL AND SOFTBALL FACILITIES AND PROGRAMS THROUGH 9 FIELDS ON ONE CAMPUS. THESE FACILITIES AND PROGRAMS WILL BE OF SIGNIFICANT BENEFIT TO LOCAL YOUTH AND THE LOCAL ECONOMY IN ITS NATIONWIDE TOURISM APPEAL. LOCAL PROGRAMS AND NATIONAL TOURNAMENTS WILL BOTH ALLOW YOUNG PEOPLE THE OPPORTUNITY TO DEVELOP THEIR ATHLETIC AND SOCIAL SKILLS IN A FAN FRIENDLY ENVIRONMENT AT PROSPECT MEADOWS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt07400000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt07429661
IRS990/NetAssetsOrFundBalancesBOYAmt08245184
IRS990/NetAssetsOrFundBalancesEOYAmt07053731
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt05760
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt05760
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt044025
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt0628
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01240
IRS990/OfficeExpensesGrp/ProgramServicesAmt03140
IRS990/OfficeExpensesGrp/TotalAmt05008
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0625
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01234
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt03120
IRS990/OtherEmployeeBenefitsGrp/TotalAmt04979
IRS990/OtherExpensesGrp/Desc0OUTSOURCED CONCESSION E
IRS990/OtherExpensesGrp/Desc1STADIUM MAINTENANCE
IRS990/OtherExpensesGrp/Desc2WATER & WASTE REMOVAL
IRS990/OtherExpensesGrp/Desc3RENT
IRS990/OtherExpensesGrp/FundraisingAmt0452
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0892
IRS990/OtherExpensesGrp/ProgramServicesAmt0161779
IRS990/OtherExpensesGrp/ProgramServicesAmt175709
IRS990/OtherExpensesGrp/ProgramServicesAmt242037
IRS990/OtherExpensesGrp/ProgramServicesAmt333411
IRS990/OtherExpensesGrp/TotalAmt0161779
IRS990/OtherExpensesGrp/TotalAmt175709
IRS990/OtherExpensesGrp/TotalAmt242037
IRS990/OtherExpensesGrp/TotalAmt334755
IRS990/OtherLiabilitiesGrp/BOYAmt0-936
IRS990/OtherLiabilitiesGrp/EOYAmt0398490
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt026794
IRS990/OtherSalariesAndWagesGrp/TotalAmt026794
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02346
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04629
IRS990/PayrollTaxesGrp/ProgramServicesAmt013792
IRS990/PayrollTaxesGrp/TotalAmt020767
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0479183
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0328401
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012228
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt013934
IRS990/PrincipalOfficerNm0STEVE HAMMES
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02218427
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01163974
IRS990/PYOtherRevenueAmt05760
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0810672
IRS990/PYSalariesCompEmpBnftPaidAmt0249541
IRS990/PYTotalExpensesAmt01413515
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02224187
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1191453
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt05760
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0684571
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt08245184
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt07053731
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0917412
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt02218427
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt05514886
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01438234
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0117261
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt010206220
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt05760
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt05760
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt05507
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt017728
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt027225
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt061980
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0117430
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0117430
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt05760
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt05760
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt05507
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt017728
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt027225
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt061980
IRS990ScheduleA/InvestmentIncomeCYPct00.00600
IRS990ScheduleA/InvestmentIncomePYPct00.02630
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99400
IRS990ScheduleA/PublicSupportPY509Pct00.97370
IRS990ScheduleA/PublicSupportTotal509Amt010323650
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01034842
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02218427
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt05514886
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01438234
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0117261
IRS990ScheduleA/Total509Grp/TotalAmt010323650
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01040602
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02224187
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt05520393
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01455962
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0144486
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt010385630
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01733764
IRS990ScheduleD/BuildingsGrp/DepreciationAmt090768
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01824532
IRS990ScheduleD/EquipmentGrp/BookValueAmt076223
IRS990ScheduleD/EquipmentGrp/DepreciationAmt017832
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt094055
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02232055
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt012231677
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01289524
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt013521201
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0382157
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt116314
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt219
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED USDA FEES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED PAYROLL
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01040602
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ACCOUNTS FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH FASB INTERPRETATION NO. 48, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES - AN INTERPRETATION OF FASB STATEMENT NO. 109" ("FIN 48") WHICH WAS ISSUED IN JULY 2006 AND IS APPLICABLE FOR A NON-PUBLIC COMPANY. FIN 48 PRESCRIBES A RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN AND ALSO PROVIDES GUIDANCE ON VARIOUS RELATED MATTERS SUCH AS DE-RECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE. THERE IS NO IMPACT TO THE FINANCIAL STATEMENTSAS A RESULT OF THIS INTERPRETATION. THE ORGANIZATION'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND THE IOWA DEPARTMENT OF REVENUE. THE ORGANIZATION'S FEDERAL AND IOWA TAX RETURNS REMAIN OPEN THREE-YEARS FROM THE DATE OF FILING. TAX RETURNS PRIOR TO 2016 ARE NO LONGER OPEN FOR AUDIT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt014041664
IRS990ScheduleD/TotalExpensesPerForm990Amt02232055
IRS990ScheduleD/TotalLiabilityAmt0398490
IRS990ScheduleD/TotalRevenuePerForm990Amt01040602
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01040602
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02232055
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt11
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt21
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0LAND USE
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1ADVERTISING
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc2MISCELLANEOUS
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt1FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt2FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd1X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd2X

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,981,835
Liabilities
$7,928,104
Net assets
$7,053,731
Revenue
$1,040,603
Expenses
$2,232,056
Net income
-$1,191,453
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.4$5.07$6.32$1.78$2.64$0.86
2023Detailed filing. Detailed filing data is available for this year.$12.6$5.35$7.25$2.04$2.54$0.49
2022Detailed filing. Detailed filing data is available for this year.$13.9$6.16$7.75$4.06$2.51$1.56
2021Detailed filing. Detailed filing data is available for this year.$13.7$7.52$6.19$1.59$2.46$0.86
2020Detailed filing. Detailed filing data is available for this year.$15.0$7.93$7.05$1.04$2.23$1.19
2019Summary only. Only limited summary data is available for this year.$15.7$7.46$8.25$2.22$1.41$0.81
2018Summary only. Only limited summary data is available for this year.$13.3$5.91$7.43$5.52$0.37$5.15
2017Detailed filing. Detailed filing data is available for this year.$6.47$4.75$1.71$0.14$0.21$0.07
2016Summary only. Only limited summary data is available for this year.$6.52$4.73$1.78$1.45$0.16$1.29
2015Summary only. Only limited summary data is available for this year.$0.46$0.00$0.46$0.38$0.12$0.26
2014Summary only. Only limited summary data is available for this year.$0.20$0.00$0.20$0.34$0.16$0.18
2013Summary only. Only limited summary data is available for this year.$0.02$0.00$0.02$0.25$0.22$0.03
2012Summary only. Only limited summary data is available for this year.$0.00$0.01$0.01$0.03$0.04$0.01