Civic Intelligence

Arenaco

EIN 81-4968896 • 501(c)3 • Coralville, IA

Profile

To support and operate for the benefit of the city of coralville, iowa; to lessen the burdens imposed upon the governments of the city of coralville through the corporation's programs and activities; to promote economic development and growth within the city of coralville; and to promote the social welfare of the residents of the city of coralville

900 1st AvenueCoralville, IA 52241

www.xtreamarena.com

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.73x

Higher debt load relative to assets than 83% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Liabilities / Revenue

96th percentile

8.87x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Net Margin

8th percentile

-27%

Higher net margin than 8% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Top Officer Pay

6th percentile

$0

Higher top officer pay than 6% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Asset Growth

14th percentile

-4.4%

Faster asset growth than 14% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Revenue Growth

84th percentile

43%

Faster revenue growth than 84% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Assets

Up

$71,733,704

Up $4,699,938 (+7.0%) from 2023

Liabilities

Up

$52,583,016

Up $7,939,473 (+18%) from 2023

Net Assets

Down

$19,150,688

Down $3,239,535 (-14%) from 2023

Revenue

Up

$5,925,123

Up $1,935,207 (+49%) from 2023

Expenses

Up

$7,498,873

Up $1,326,117 (+21%) from 2023

Net Income

Up

-$1,573,750

Up $609,090 (+28%) from 2023

Trend Graphs

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2018: $47,828Net Assets 2018: $47,8282018Assets 2019: $38,298,420Liabilities 2019: $14,247,514Net Assets 2019: $24,050,9062019Assets 2020: $45,872,582Liabilities 2020: $22,018,011Net Assets 2020: $23,854,5712020Assets 2021: $71,577,152Liabilities 2021: $28,349,223Net Assets 2021: $43,227,9292021Assets 2022: $69,116,160Liabilities 2022: $30,188,585Net Assets 2022: $38,927,5752022Assets 2023: $67,033,766Liabilities 2023: $44,643,543Net Assets 2023: $22,390,2232023Assets 2025: $71,733,704Liabilities 2025: $52,583,016Net Assets 2025: $19,150,6882025

Highlighted filing

2025

Assets$71,733,704
Liabilities$52,583,016
Net Assets$19,150,688

Operations Trend

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

$30M$20M$10M$0-$10MRevenue 2018: $59,755Expenses 2018: $11,927Net Income 2018: $47,8282018Revenue 2019: $24,161,086Expenses 2019: $158,008Net Income 2019: $24,003,0782019Revenue 2020: $554,050Expenses 2020: $750,385Net Income 2020: -$196,3352020Revenue 2021: $16,199,613Expenses 2021: $6,466,183Net Income 2021: $9,733,4302021Revenue 2022: $4,234,031Expenses 2022: $8,534,385Net Income 2022: -$4,300,3542022Revenue 2023: $3,989,916Expenses 2023: $6,172,756Net Income 2023: -$2,182,8402023Revenue 2025: $5,925,123Expenses 2025: $7,498,873Net Income 2025: -$1,573,7502025

Highlighted filing

2025

Revenue$5,925,123
Expenses$7,498,873
Net Income-$1,573,750

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Oct 28, 2025
Return Version
2024v5.2
Gross Receipts
$5,925,123
Mission and Program Overview

Mission

To support and operate for the benefit of the city of coralville, iowa; to lessen the burdens imposed upon the government of the city of coralville through the corporation's programs and activities; to promote economic development and growth within the city of coralville; and to promote the social welfare of the residents of the city of coralville.

To own and operate entertainment facilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$73,984,752$71,218,155▼ $2,766,597
Cash and Non-Interest-Bearing Accounts$840,738$448,739▼ $391,999
Savings and Temporary Cash Investments$242,491$66,810▼ $175,681
Total Assets$75,067,981$71,733,704▼ $3,334,277
Liabilities
Mortgage Notes Payable Secured by Investment Property$54,343,543$52,583,016▼ $1,760,527
Total Liabilities$54,343,543$52,583,016▼ $1,760,527
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$20,724,438$19,150,688▼ $1,573,750
Total Net Assets Fund Balance$20,724,438$19,150,688▼ $1,573,750
Total Liabilities and Net Assets / Fund Balance$75,067,981$71,733,704▼ $3,334,277

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$71,218,155$12,521,622$83,739,777
Compensation and Service Providers

Board Members and Trustees

NameTitle
Josh SchambergerPresident
Teresa KaedingVice President
Bob DvorskyDirector
Kelly HayworthDirector
Sarah MclaughlinDirector
John WeiheSecretary
Laurie GoodrichTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Stafford SportsConsulting And Asset Management180 TUCKERTON ROAD 10, Medford, NJ 08055$118,743
Revenue and Support

Revenue Composition

Contributions and Grants
$2,775,332
Program Service Revenue
$3,116,647
Investment Income
$10,317
Other Revenue
$22,827
All Other Contributions
$709,748
Change in Net Assets
$-1,573,750

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,925,123
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,925,123
Total Revenue per Form 990
$5,925,123
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,498,873
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$2,839,020--$2,839,020
Interest$1,266,752--$1,266,752
Fees for Services Other$170,338$43,541-$213,879
Insurance$129,538--$129,538
Occupancy$117,425--$117,425
Fees for Services Accounting-$25,000-$25,000
Other Expenses$15,662--$15,662
Fees for Services Legal-$10,536-$10,536
Office Expenses-$285-$285
Total Functional Expenses$7,419,511$79,362$0$7,498,873

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,498,873
Total Expenses per Audited Statements$7,498,873
Total Expenses per Form 990$7,498,873
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The board president and vice president review the 990 before filing.

Form 990, Part VI, Section C, Line 19

Governing documents are made available to the public upon written request.

Filing and Contact Details

Filer

Filer Name
Arenaco
EIN
81-4968896
Phone
3192481700
Address
900 1ST AVENUE, CORALVILLE, IA 52241

Signing Officer

Name
Josh Schamberger
Title
President
Phone
3192481700
Signed
2025-10-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Josh Schamberger
Formed
2017
Legal Domicile
Ia
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Creative Planning Tax LLC
Address
100 E PARK AVE STE 300, WATERLOO, IA 50703
Preparer
Brian Aronson
Phone
3192346885
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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD PRESIDENT AND VICE PRESIDENT REVIEW THE 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
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IRS990/WebsiteAddressTxt0WWW.XTREAMARENA.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSH SCHAMBERGER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03192481700
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-28
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