Civic Intelligence

The Winterset Iowa Theater

EIN 81-3112413 • 501(c)3 • Winterset, IA

Profile

To provide a community based visual art center; presenting both films and live performance (including but not limited to theater, music, dance, education programs and master classes) in winterset, iowa.

121 John Wayne DrWinterset, IA 50273

www.the-iowa.com

Siviq Scores

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

Liabilities / Assets

80th percentile

0.30x

Higher debt load relative to assets than 80% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

90th percentile

0.76x

Higher debt load relative to revenue than 90% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

90th percentile

50%

Higher net margin than 90% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

51st percentile

3.8%

Faster asset growth than 51% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2024

Revenue Growth

86th percentile

59%

Faster revenue growth than 86% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2024

Assets

Down

$756,614

Down $106,830 (-12%) from 2024

Liabilities

Down

$124,687

Down $135,607 (-52%) from 2024

Net Assets

Up

$631,927

Up $28,777 (+4.8%) from 2024

Revenue

Down

$235,426

Down $105,174 (-31%) from 2024

Expenses

Up

$206,649

Up $37,490 (+22%) from 2024

Net Income

Down

$28,777

Down $142,664 (-83%) from 2024

Trend Graphs

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2016: $4,251Liabilities 2016: $6,781Net Assets 2016: -$2,5302016Assets 2017: $833,225Liabilities 2017: $473,612Net Assets 2017: $359,6132017Assets 2018: $929,174Liabilities 2018: $455,654Net Assets 2018: $473,5202018Assets 2019: $865,613Liabilities 2019: $414,407Net Assets 2019: $451,2062019Assets 2020: $903,362Liabilities 2020: $457,957Net Assets 2020: $445,4052020Assets 2021: $891,402Liabilities 2021: $399,310Net Assets 2021: $492,0922021Assets 2022: $801,990Liabilities 2022: $345,829Net Assets 2022: $456,1612022Assets 2023: $758,783Liabilities 2023: $327,074Net Assets 2023: $431,7092023Assets 2024: $863,444Liabilities 2024: $260,294Net Assets 2024: $603,1502024Assets 2025: $756,614Liabilities 2025: $124,687Net Assets 2025: $631,9272025

Highlighted filing

2025

Assets$756,614
Liabilities$124,687
Net Assets$631,927

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2016: $34,186Expenses 2016: $36,716Net Income 2016: -$2,5302016Revenue 2017: $554,086Expenses 2017: $191,943Net Income 2017: $362,1432017Revenue 2018: $322,152Expenses 2018: $208,245Net Income 2018: $113,9072018Revenue 2019: $154,317Expenses 2019: $176,631Net Income 2019: -$22,3142019Revenue 2020: $126,743Expenses 2020: $132,544Net Income 2020: -$5,8012020Revenue 2021: $200,435Expenses 2021: $153,748Net Income 2021: $46,6872021Revenue 2022: $134,680Expenses 2022: $170,611Net Income 2022: -$35,9312022Revenue 2023: $167,236Expenses 2023: $191,688Net Income 2023: -$24,4522023Revenue 2024: $340,600Expenses 2024: $169,159Net Income 2024: $171,4412024Revenue 2025: $235,426Expenses 2025: $206,649Net Income 2025: $28,7772025

Highlighted filing

2025

Revenue$235,426
Expenses$206,649
Net Income$28,777

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Mar 23, 2026
Return Version
2025v4.0
Gross Receipts
$249,093
Mission and Program Overview

Mission

The specific purposes of this corporation shall be: (a)to provide a venue for second-run motion pictures. (b)to provide a venue for local community theater and other live, theatrical, and musical productions. (c)to provide a venue for community educational programs.

To provide a community based visual art center; presenting both films and live performances (included but not limited to theater, music, dance, education programs and master classes) in winterset, iowa.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$681,256$658,772▼ $22,484
Pledges and Grants Receivable$86,333$84,775▼ $1,558
Cash and Non-Interest-Bearing Accounts$93,984$11,911▼ $82,073
Prepaid Expenses and Deferred Charges$1,871$1,156▼ $715
Total Assets$863,444$756,614▼ $106,830
Liabilities
Other Liabilities$200,495$62,538▼ $137,957
Mortgage Notes Payable Secured by Investment Property$57,189$55,532▼ $1,657
Accounts Payable and Accrued Expenses$2,610$6,617▲ $4,007
Total Liabilities$260,294$124,687▼ $135,607
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$603,150$631,927▲ $28,777
Total Net Assets Fund Balance$603,150$631,927▲ $28,777
Total Liabilities and Net Assets / Fund Balance$863,444$756,614▼ $106,830

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$656,538$181,256$837,794
Equipment$2,234$97,507$99,741
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Rebecca FonsPresidentPT$5,000$5,000

Board Members and Trustees

NameTitle
Dan BushMember
Jim MeaseMember
Marianne FonsMember
Laura BertelsonSecretary
Catherine LenersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$115,765
Program Service Revenue
$67,115
Investment Income
$0
Other Revenue
$52,546
All Other Contributions
$115,765
Change in Net Assets
$28,777
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$160,926
Salaries, Compensation, and Employee Benefits$45,723
Total Fundraising Expense$5,310
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$37,481--$37,481
Depreciation Depletion$22,484--$22,484
All Other Expenses$11,632$5,011-$16,643
Occupancy$12,571--$12,571
Other Expenses$10,534$2,204-$10,534
Advertising--$5,310$5,310
Current Officers, Directors, Trustees, and Key Employees$3,000$2,000-$5,000
Insurance$4,697--$4,697
Interest$4,446--$4,446
Payroll Taxes$3,242--$3,242
Fees for Services Accounting-$2,655-$2,655
Office Expenses-$2,300-$2,300
Fees for Services Other-$2,190-$2,190
Travel-$46-$46
Total Functional Expenses$184,933$16,406$5,310$206,649
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
F&m Bank Loan Long-term Portion$52,422
Gift Card Liability$9,965
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
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, Part VI, Section A, Line 2

Marianne fons - member (emeritus) rebecca fons - president mother/daughter

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

A draft of the form 990 is provided to all board members to review and approve prior to filing.

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

Each director, principal officer, and member of a committee with governing board delegated powers shall annually sign a statement which affirms that such person: a. Has received a copy of the conflict of interest policy b. Has read and understands the policy c. Has agreed to comply with the policy; and d. Understands the corporation is charitable, and in order to maintain its federal tax exemption it must engage primarily in activities that accomplish one or more of its tax-exempt purposes.

Form 990, Part VI, Section C, Line 19

No other documents available to the public.

Filing and Contact Details

Filer

Filer Name
The Winterset Iowa Theater
EIN
81-3112413
Phone
5154622979
Address
121 JOHN WAYNE DR, WINTERSET, IA 50273

Signing Officer

Name
Rebecca Fons
Title
President
Phone
5154622979
Signed
2026-03-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rebecca Fons
Formed
2017
Legal Domicile
Ia
Voting Board Members
6
Independent Board Members
5
Employees
13
Volunteers
18

Preparer

Firm
Welgaard Cpas & Advisors
Address
10550 NEW YORK AVE SUITE 100, URBANDALE, IA 50322
Preparer
Todd C Asper
Phone
5152530099
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IRS990ScheduleA/InvestmentIncomePYPct00.04570
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearAmt07406
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus1YearAmt06216
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus2YearsAmt08534
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus3YearsAmt010858
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus4YearsAmt011201
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt044215
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.92190
IRS990ScheduleA/PublicSupportPY509Pct00.92060
IRS990ScheduleA/PublicSupportTotal509Amt01017532
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt08750
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt029100
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt03200
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0400
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0500
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt041950
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0241686
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0345651
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0138961
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0135028
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0198156
IRS990ScheduleA/Total509Grp/TotalAmt01059482
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0249092
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0351867
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0147495
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0145886
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0209357
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01103697
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/BookValueAmt0656538
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0181256
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0837794
IRS990ScheduleD/EquipmentGrp/BookValueAmt02234
IRS990ScheduleD/EquipmentGrp/DepreciationAmt097507
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt099741
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt0151
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt052422
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt19965
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0F&M BANK LOAN LONG-TERM PORTION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1GIFT CARD LIABILITY
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0658772
IRS990ScheduleD/TotalLiabilityAmt062538
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MARIANNE FONS - MEMBER (EMERITUS) REBECCA FONS - PRESIDENT MOTHER/DAUGHTER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT OF THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS TO REVIEW AND APPROVE PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH DIRECTOR, PRINCIPAL OFFICER, AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY B. HAS READ AND UNDERSTANDS THE POLICY C. HAS AGREED TO COMPLY WITH THE POLICY; AND D. UNDERSTANDS THE CORPORATION IS CHARITABLE, AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO OTHER DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0863444
IRS990/TotalAssetsEOYAmt0756614
IRS990/TotalAssetsGrp/BOYAmt0863444
IRS990/TotalAssetsGrp/EOYAmt0756614
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0115765
IRS990/TotalEmployeeCnt013
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt05310
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt016406
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0184933
IRS990/TotalFunctionalExpensesGrp/TotalAmt0206649
IRS990/TotalGrossUBIAmt014959
IRS990/TotalLiabilitiesBOYAmt0260294
IRS990/TotalLiabilitiesEOYAmt0124687
IRS990/TotalLiabilitiesGrp/BOYAmt0260294
IRS990/TotalLiabilitiesGrp/EOYAmt0124687
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0603150
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0631927
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0184933
IRS990/TotalProgramServiceRevenueAmt067115
IRS990/TotalReportableCompFromOrgAmt05000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0104702
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0235426
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt014959
IRS990/TotalVolunteersCnt018
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0863444
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0756614
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt046
IRS990/TravelGrp/TotalAmt046
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0121 JOHN WAYNE DR
IRS990/USAddress/CityNm0WINTERSET
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd050273
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0HTTPS://WWW.THE-IOWA.COM/
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0REBECCA FONS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05154622979
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-03-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE WINTERSET IOWA THEATER
ReturnHeader/Filer/BusinessNameControlTxt0WINT
ReturnHeader/Filer/EIN0813112413
ReturnHeader/Filer/PhoneNum05154622979
ReturnHeader/Filer/USAddress/AddressLine1Txt0121 JOHN WAYNE DR
ReturnHeader/Filer/USAddress/CityNm0WINTERSET
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA

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