Civic Intelligence

Cedar Falls Economic Development

990EZ • Fiscal year 2024 • EIN 87-1319434

Jul 01, 2023 to Jun 30, 2024 • Filed on Jan 21, 2025

Organization ProfileN/A
200 State St Ste 202-aCedar Falls, IA 50613

(319) 575-0375

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2024 filings • NTEE S • <$500k nonprofits • Source year 2024

Liabilities / Revenue

57th percentile

0.00x

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

2024 filings • NTEE S • <$500k nonprofits • Source year 2024

Net Margin

9th percentile

-56%

Higher net margin than 9% of similar nonprofits.

2024 filings • NTEE S • <$500k nonprofits • Source year 2024

Top Officer Pay

99th percentile

$120,000

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 126.2% of source-year revenue.

2024 filings • NTEE S • <$500k nonprofits • Source year 2024

Asset Growth

5th percentile

-80%

Faster asset growth than 5% of similar nonprofits.

2024 filings • NTEE S • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

81st percentile

49%

Faster revenue growth than 81% of similar nonprofits.

2024 filings • NTEE S • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$13,257

Down $52,967 (-80%) from 2023

Net Assets

Down

$13,257

Down $52,967 (-80%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin9th percentile

Revenue

Up

$95,061

Up $31,262 (+49%) from 2023

Expenses

Down

$148,028

Down $39,460 (-21%) from 2023

Net Income

Up

-$52,967

Up $70,722 (+57%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth5th percentile

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

$80K$60K$40K$20K$0Assets 2023: $66,224Liabilities 2023: $0Net Assets 2023: $66,2242023Assets 2024: $13,257Liabilities 2024: $0Net Assets 2024: $13,2572024

Highlighted filing

2024

Assets$13,257
Liabilities$0
Net Assets$13,257
Open 2024 Filing

Operations Trend

Revenue Growth81st percentile

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

$200K$100K$0-$100K-$200KRevenue 2023: $63,799Expenses 2023: $187,488Net Income 2023: -$123,6892023Revenue 2024: $95,061Expenses 2024: $148,028Net Income 2024: -$52,9672024

Highlighted filing

2024

Revenue$95,061
Expenses$148,028
Net Income-$52,967
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jan 21, 2025
Return Version
2023v6.0
Gross Receipts
$95,061
Mission and Program Overview

Mission

Conduct economic development activities that benefit the general public and residents of the cedar falls, ia and surrounding areas.

Program Services

DescriptionGrantsExpenses
CONDUCT ECONOMIC DEVELOPMENT ACTIVITIES THAT BENEFIT THE GENERAL PUBLIC AND RESIDENTS OF THE CEDAR FALLS, IA AND SURROUNDING AREAS.$0$123,894
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JIM BROWNDirectorFT$120,000-$120,000
KRIS HANSENChairPT$0--
BOB SEYMOURChair Elect-$0--
MARK KITTRELLPast Chair-$0--
BRYAN EARNESTTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Cedar Falls Economic Development
EIN
87-1319434
Phone
3195750375
Address
200 STATE ST STE 202-A, CEDAR FALLS, IA 50613

Signing Officer

Name
Kris Hansen
Title
Chair
Phone
3195750375
Signed
2025-01-21
Discuss with paid preparer
Yes

Preparer

Firm
Honkamp Krueger & Co Pc
Address
809 WEST 1ST ST SUITE A, CEDAR FALLS, IA 50613
Preparer
Michael E Brannon CPA
Phone
3195530015
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8 - Other Revenue

“Description: interest income. Amount: 1.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: advertising & marketing. Amount: 4,500. Description: meetings. Amount: 4,081. Description: office supplies. Amount: 2. Description: software & apps. Amount: 470. Description: insurance. Amount: 740. Total to form 990-ez, line 16: 9,793.”

Raw XML Appendix125 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/AddressChangeInd0X
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0KRIS HANSEN
IRS990EZ/BooksInCareOfDetail/PhoneNum03195750375
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0200 STATE ST STE 202-A
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0CEDAR FALLS
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd050613
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt066224
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt013257
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt095060
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt0-52967
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt012134
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt066224
IRS990EZ/Form990TotalAssetsGrp/EOYAmt013257
IRS990EZ/GrossReceiptsAmt095061
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt066224
IRS990EZ/NetAssetsOrFundBalancesEOYAmt013257
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt066224
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt013257
IRS990EZ/OccupancyRentUtltsAndMaintAmt05885
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt040.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt15.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt22.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt32.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt42.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt0120000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JIM BROWN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1KRIS HANSEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2BOB SEYMOUR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3MARK KITTRELL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4BRYAN EARNEST
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2CHAIR ELECT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3PAST CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4TREASURER
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt09793
IRS990EZ/OtherRevenueTotalAmt01
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0CONDUCT ECONOMIC DEVELOPMENT ACTIVITIES THAT BENEFIT THE GENERAL PUBLIC AND RESIDENTS OF THE CEDAR FALLS, IA AND SURROUNDING AREAS.
IRS990EZ/PrintingPublicationsPostageAmt0216
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0CONDUCT ECONOMIC DEVELOPMENT ACTIVITIES THAT BENEFIT THE GENERAL PUBLIC AND RESIDENTS OF THE CEDAR FALLS, IA AND SURROUNDING AREAS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0123894
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt0120000
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0148028
IRS990EZ/TotalProgramServiceExpensesAmt0123894
IRS990EZ/TotalRevenueAmt095061
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 1.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: ADVERTISING & MARKETING. AMOUNT: 4,500. DESCRIPTION: MEETINGS. AMOUNT: 4,081. DESCRIPTION: OFFICE SUPPLIES. AMOUNT: 2. DESCRIPTION: SOFTWARE & APPS. AMOUNT: 470. DESCRIPTION: INSURANCE. AMOUNT: 740. TOTAL TO FORM 990-EZ, LINE 16: 9,793.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KRIS HANSEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum03195750375
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-01-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CEDAR FALLS ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0CEDA
ReturnHeader/Filer/EIN0871319434
ReturnHeader/Filer/PhoneNum03195750375
ReturnHeader/Filer/USAddress/AddressLine1Txt0200 STATE ST STE 202-A
ReturnHeader/Filer/USAddress/CityNm0CEDAR FALLS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050613
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0420946155
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HONKAMP KRUEGER & CO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0809 WEST 1ST ST SUITE A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CEDAR FALLS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd050613
ReturnHeader/PreparerPersonGrp/PhoneNum03195530015
ReturnHeader/PreparerPersonGrp/PreparationDt02025-01-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL E BRANNON CPA
ReturnHeader/ReturnTs02025-01-27T08:38:44-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,257
Liabilities
$0
Net assets
$13,257
Revenue
$95,061
Expenses
$148,028
Net income
-$52,967
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.13$0.00$0.13$0.95$1.48$0.53
2023Detailed filing. Detailed filing data is available for this year.$0.66$0.00$0.66$0.64$1.87$1.24