Civic Intelligence

Iowa Communications Alliance

EIN 46-4012454 • 501(c)6 • West Des Moines, IA

Profile

To promote a business and regulatory environment that allows our members to succeed in serving their communities and customers with the best communications services

4201 Westown Parkway Ste 130West Des Moines, IA 50266

www.iacommunicationsall.org

Siviq Scores

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

Liabilities / Assets

66th percentile

0.26x

Higher debt load relative to assets than 66% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

81st percentile

0.48x

Higher debt load relative to revenue than 81% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2023

Net Margin

30th percentile

-1.3%

Higher net margin than 30% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

54th percentile

6.9%

Faster asset growth than 54% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

45th percentile

4.9%

Faster revenue growth than 45% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$2,607,539

Up $169,146 (+6.9%) from 2022

Liabilities

Up

$683,205

Up $27,279 (+4.2%) from 2022

Net Assets

Up

$1,924,334

Up $141,867 (+8.0%) from 2022

Revenue

Up

$1,411,180

Up $66,530 (+4.9%) from 2022

Expenses

Up

$1,429,922

Up $105,836 (+8.0%) from 2022

Net Income

Down

-$18,742

Down $39,306 (-191%) from 2022

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2013: $1,401,571Liabilities 2013: $423,068Net Assets 2013: $978,5032013Assets 2014: $1,512,523Liabilities 2014: $572,127Net Assets 2014: $940,3962014Assets 2015: $1,495,900Liabilities 2015: $384,680Net Assets 2015: $1,111,2202015Assets 2016: $1,770,232Liabilities 2016: $502,107Net Assets 2016: $1,268,1252016Assets 2017: $1,823,419Liabilities 2017: $442,602Net Assets 2017: $1,380,8172017Assets 2018: $1,807,314Liabilities 2018: $359,256Net Assets 2018: $1,448,0582018Assets 2019: $2,123,651Liabilities 2019: $424,848Net Assets 2019: $1,698,8032019Assets 2020: $2,366,894Liabilities 2020: $421,401Net Assets 2020: $1,945,4932020Assets 2021: $2,573,407Liabilities 2021: $483,184Net Assets 2021: $2,090,2232021Assets 2022: $2,438,393Liabilities 2022: $655,926Net Assets 2022: $1,782,4672022Assets 2023: $2,607,539Liabilities 2023: $683,205Net Assets 2023: $1,924,3342023

Highlighted filing

2023

Assets$2,607,539
Liabilities$683,205
Net Assets$1,924,334

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2013: $9,915Expenses 2013: $55,886Net Income 2013: -$45,9712013Revenue 2014: $1,090,014Expenses 2014: $1,116,478Net Income 2014: -$26,4642014Revenue 2015: $1,167,208Expenses 2015: $987,705Net Income 2015: $179,5032015Revenue 2016: $1,078,199Expenses 2016: $928,123Net Income 2016: $150,0762016Revenue 2017: $1,148,167Expenses 2017: $1,059,125Net Income 2017: $89,0422017Revenue 2018: $1,208,592Expenses 2018: $1,022,811Net Income 2018: $185,7812018Revenue 2019: $1,216,241Expenses 2019: $1,057,229Net Income 2019: $159,0122019Revenue 2020: $1,007,537Expenses 2020: $862,371Net Income 2020: $145,1662020Revenue 2021: $1,059,669Expenses 2021: $973,745Net Income 2021: $85,9242021Revenue 2022: $1,344,650Expenses 2022: $1,324,086Net Income 2022: $20,5642022Revenue 2023: $1,411,180Expenses 2023: $1,429,922Net Income 2023: -$18,7422023

Highlighted filing

2023

Revenue$1,411,180
Expenses$1,429,922
Net Income-$18,742

Filings

Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 15, 2023
Return Version
2022v5.0
Gross Receipts
$1,837,908
Mission and Program Overview

Mission

To promote a business and regulatory environment that allows our members to succeed in serving their communities and customers with the best communications services

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,896,771$1,618,308▼ $278,463
Cash and Non-Interest-Bearing Accounts$530,691$536,206▲ $5,515
Land, Buildings, and Equipment, Net$104,406$90,704▼ $13,702
Prepaid Expenses and Deferred Charges$24,821$32,386▲ $7,565
Savings and Temporary Cash Investments$16,718$18,218▲ $1,500
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$2,573,407$2,438,393▼ $135,014
Other Assets Total$0$142,571▲ $142,571
Liabilities
Deferred Revenue$460,924$491,697▲ $30,773
Other Liabilities$0$143,657▲ $143,657
Accounts Payable and Accrued Expenses$22,260$20,572▼ $1,688
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$483,184$655,926▲ $172,742
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,087,625$1,782,467▼ $305,158
Net Assets With Donor Restrictions$2,598$0▼ $2,598
Total Net Assets Fund Balance$2,090,223$1,782,467▼ $307,756
Total Liabilities and Net Assets / Fund Balance$2,573,407$2,438,393▼ $135,014

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$64,173$30,491$94,664
Other Land Buildings$2,904$39,763$42,667
Leasehold Improvements$23,627$7,876$31,503

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$100,615$0▼ $16,197-$84,418
2021$0$100,000▲ $615-$100,615
2020$0---$0
2019$0---$0
2018$0---$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dave DuncanCEOFT$220,249$50,491$270,740
Brittany MoralesVP of Business DevelopmentFT$136,395$11,162$147,557

Board Members and Trustees

NameTitle
Marcie BoernerPresident
Jamie Daubendiek2nd Vice President
Tim FenclVice President
Casey PeckDirector
Jan MuhlDirector
Jared JohnsonDirector
Jeff RoilandDirector
Kyle MandersDirector
Rachel HamiltonDirector
Tammy WheelerDirector
Tim EklundDirector
Levi BappeDirector - Thru 3/22
Mark ThomaDirector - Thru 3/22
Revenue and Support

Revenue Composition

Contributions and Grants
$263,671
Program Service Revenue
$1,009,034
Investment Income
$66,420
Other Revenue
$5,525
All Other Contributions
$263,671
Change in Net Assets
$20,564

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,330,913
Revenue Not Reported on Financial Statements
$13,737
Revenue Not Reported on Form 990
$-51,896
Other Revenue Adjustments
$-746
Total Revenue per Audited Statements
$1,279,017
Total Revenue per Form 990
$1,344,650
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$682,473
Salaries, Compensation, and Employee Benefits$625,042
Grants and Similar Amounts Paid$16,571
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings---$324,624
Other Salaries and Wages---$290,697
Current Officers, Directors, Trustees, and Key Employees---$270,740
Fees for Services Lobbying---$62,597
Occupancy---$55,612
Fees for Services Legal---$45,754
Advertising---$40,201
Payroll Taxes---$34,874
Fees for Services Accounting---$31,602
Information Technology---$22,606
Office Expenses---$20,924
Travel---$18,819
Grants to Domestic Individuals---$16,571
Other Employee Benefits---$16,270
Depreciation Depletion---$15,637
Fees for Service Investment Mgmnt Fees---$14,483
Pension Plan Contributions---$12,461
Insurance---$10,709
All Other Expenses---$4,360
Total Functional Expenses$0$0$0$1,324,086

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,586,773
Total Expenses per Form 990$1,324,086
Expenses per Audited Statements$1,310,349
Expenses Not Reported on Form 990$276,424
Expenses Not Reported on Financial Statements$13,737
Other Expense Adjustments$-746
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$100,133
Total Nondeductible Lobbying and Political Cost$100,133
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The association has members who pay annual dues. These members elect the board of directors on an annual basis. Member approval is also needed for any changes proposed to the articles of incorporation.

Form 990, Part VI, Section A, Line 7A

The association has members who pay annual dues. These members elect the board of directors on an annual basis. Member approval is also needed for any changes proposed to the articles of incorporation.

Form 990, Part VI, Section A, Line 7B

The association has members who pay annual dues. These members elect the board of directors on an annual basis. Member approval is also needed for any changes proposed to the articles of incorporation.

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

AN INDEPENDENT ACCOUNTING FIRM PREPARES AND REVIEWS THE 990. PURSUANT TO BOARD POLICY, THE 990 IS THEN PROVIDED TO THE ORGANIZATION'S Board of Directors FOR REVIEW, THEN THE Executive Committee FOR APPROVAL. BOTH THE EXECUTIVE Committee AND THE BOARD of directors HAVE THE ABILITY TO ADDRESS ANY QUESTIONS OR CONCERNS AND MAKE ANY CORRECTIONS OR CLARIFICATIONS PRIOR TO FILING THE FORM 990 WITH THE IRS.

Form 990, Part VI, Section B, Line 12C

Implementation of the policy - new directors will be given a copy of the conflict of interest policy, asked to read it and to complete a conflict of interest policy disclosure statement upon his or her election or appointment to the board of directors and then yearly thereafter. Disclosing conflicts - it is the duty of each director to disclose any material self interest in any transaction known to such director. Conflicted directors shall fully disclose the details of any material self interest to the full board of directors. Evaluating disclosures - following the disclosure of any material self interest with respect to a transaction, the disinterested directors will deliberate outside of the presence of the conflicted director in order to consider the scope and nature of the disclosed conflict, and shall determine whether the disclosed conflict creates an actual conflict of interest and, if there is a conflict of interest, whether the benefits of allowing limited participation by the conflicted director outweigh the risks posed by the conflict. The disinterested directors shall be given the opportunity to consult with alliance legal counsel concerning the disclosed conflict and the responsibilities of the conflicted director and disinterested directors under this policy and applicable law. Managing conflicts - the board of directors will manage all disclosed or otherwise known conflicts of interest to determine whether the risks posed by the conflict outweigh the benefits of allowing limited participation by the conflicted director, and what level of participation, if any, by the conflicted director will be allowed. The conflicted director shall not participate in any way in any further discussions or voting concerning the conflict of interest transaction. Records of board proceedings - at any meeting of the board of directors where a potential conflict of interest is disclosed, the minutes shall contain the name(s) of the potentially conflicted director(s), the nature of the potential conflict(s), any action taken to determine whether a conflict of interest existed, and the determination of disinterested directors as to whether a conflict of interest in fact existed. The names of the directors who were present for discussions and votes relating to the conflict of interest transaction, the content of the discussion, and a record of any votes taken in connection with any board actions or decisions relating thereto shall be recorded.

Form 990, Part VI, Section B, Line 15A

The salary of the association's chief executive officer is determined by the executive committee. The executive committee utilized the services of an hr firm and was presented with data from the 990s of other comparable organizations prior to executing the current written employment contract with the ceo. The consultant review was performed by aureon hr in the fall/winter of 2016-2017.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Iowa Communications Alliance
EIN
46-4012454
In Care Of
% DAVE DUNCAN
Phone
5158672091
Address
4201 WESTOWN PARKWAY STE 130, WEST DES MOINES, IA 50266

Signing Officer

Name
Dave Duncan
Title
CEO
Phone
5158672091
Signed
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dave Duncan
Formed
2013
Legal Domicile
Ia
Voting Board Members
11
Independent Board Members
11
Employees
4
Volunteers
110

Preparer

Firm
Forvis Llp
Address
1401 50th Street Suite 350, West Des Moines, IA 50266-5935
Preparer
Shawnell Linot
Phone
5152230159
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1

As stated in the articles of incorporation, the purpose of this 501(c)(6) corporation is to support and enhance the rural telecommunications industry, including providing educational and business opportunities to members, to promote the economic growth and stability of its members and the communities they serve and to advocate for the interests of the industry.

Form 990, Part III, Line 4A

Education and training: the annual meeting and expo is held in march of every year, and major components include speaker presentations, educational sessions for all levels of our members' employees, and an expo hall where more than a hundred vendors display their products and services. The impact conference is designed specifically for technicians, marketing personnel and customer service reps, and this event hosted over 120 attendees during a two-day conference. Beyond broadband expo focuses on new products and services that utilize internet services and technologies. Our cybercon meetings educate members about cybersecurity, and regularly attracts over 130 attendees. At least weekly, ica published to the entire membership a comprehensive electronic newsletter (6 to 10 pages per week) outlining the week's regulatory, legislative and industry developments. Ica also published numerous special alerts of interest which were read by the entire membership. Advocacy: ica provides regulatory and legislative advocacy at the iowa utilities board, iowa statehouse, federal communications commission and congress for all 115 communications company members. In 2022, the alliance actively participated in dockets before the iowa utilities board and communicated with state and congressional representatives on a regular basis on communications matters. Throughout the iowa legislative session, ica proactively represented the interests of iowa's rural broadband communications providers and sought to promote the community-based broadband deployment in iowa.

Financial Statement Notes

Schedule D, Part X, Line 2

Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

Schedule D, Part XI, Line 2D

Investment rreturn, net $276,424

Schedule D, Part XII, Line 2D

Investment rreturn, net $276,424

Schedule D, Part XI, Line 4B

Investment Advisor Fees-Schwab Scholarship $746.00

Schedule D, Part XII, Line 4B

Investment Advisor Fees-Schwab Scholarship $746.00

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