Civic Intelligence

Glenwood Ragbrai 2024 Inc.

EIN 99-2929552 • 501(c)3 • Glenwood, IA

Pub. 78 Eligible990-N CoverageNTEE S80

Profile

To host the ragbrai event in glenwood, iowa. The event brings tourism funds with the hopes of the profits being used for local betterment projects and to benefit local non-profits and city entities.

5 N Vine StGlenwood, IA 51534
Siviq Scores

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

Liabilities / Assets

72nd percentile

0.00x

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

NTEE S80 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

73rd percentile

0.00x

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

NTEE S80 • <$500k nonprofits • Source year 2024

Net Margin

43rd percentile

3.7%

Higher net margin than 43% of similar nonprofits.

NTEE S80 • <$500k nonprofits • Source year 2024

Top Officer Pay

92nd percentile

$0

Higher top officer pay than 92% of similar nonprofits.

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

NTEE S80 • <$500k nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Balance Sheet
Liabilities / Assets72nd percentile

Assets

$7,596

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

$7,596

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue73rd percentileNet Margin43rd percentile

Revenue

$207,200

No earlier filing loaded for comparison.

Expenses

$199,604

No earlier filing loaded for comparison.

Net Income

$7,596

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

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

$8.0K$6.0K$4.0K$2.0K$0Assets 2024: $7,596Liabilities 2024: $0Net Assets 2024: $7,5962024

Highlighted filing

2024

Assets$7,596
Liabilities$0
Net Assets$7,596
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$300K$200K$100K$0Revenue 2024: $207,200Expenses 2024: $199,604Net Income 2024: $7,5962024

Highlighted filing

2024

Revenue$207,200
Expenses$199,604
Net Income$7,596
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$7,596
Liabilities
$0
Net assets
$7,596
Revenue
$207,200
Expenses
$199,604
Net income
$7,596
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.08$0.00$0.08$2.07$2.00$0.08
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 28, 2025
Return Version
2024v5.0
Gross Receipts
$207,200
Mission and Program Overview

Mission

To host the ragbrai event in glenwood, iowa. The event brings tourism funds with the hopes of the profits being used for local betterment projects and to benefit local non-profits and city entities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$7,596-
Total Assets$0$7,596▲ $7,596
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$7,596-
Total Net Assets Fund Balance$0$7,596▲ $7,596
Total Liabilities and Net Assets / Fund Balance$0$7,596▲ $7,596
Compensation and Service Providers
Top Officer Pay92nd percentile

Board Members and Trustees

NameTitle
Amber FarnanDirector
Angie WinquistDirector
Brandi FaubleDirector
Chris McqueenDirector
Jeff BissenDirector
Jennifer DavisDirector
Joe ForemanDirector
Lindsey SchomakerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$99,879
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$107,321
All Other Contributions
$99,879
Change in Net Assets
$7,596
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$138,016
Grants and Similar Amounts Paid$61,588
Total Fundraising Expense$5,618
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$61,588--$61,588
Fees for Services Other$48,356--$48,356
Occupancy$6,887--$6,887
All Other Expenses$6,659--$6,659
Advertising--$5,618$5,618
Other Expenses$5,175--$5,175
Insurance$4,840--$4,840
Total Functional Expenses$193,986$0$5,618$199,604
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Mills County Chamber of Commerce--Aide Announcements$20,000
Mills County Chamber Holiday Lights---$10,000
City of Glenwood----
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
Backup withholding compliance
No
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, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Glenwood Ragbrai 2024 Inc
EIN
99-2929552
Phone
7125274717
Address
5 N VINE ST, GLENWOOD, IA 51534

Signing Officer

Name
Lindsey Schomaker
Title
Treasurer
Phone
7125274717
Signed
2025-04-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lindsey Schomaker
Formed
2024
Legal Domicile
Ia
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
50

Preparer

Firm
Schroer & Associates Pc
Address
42 N 2ND ST, COUNCIL BLUFFS, IA 51503-9027
Preparer
Joseph Smith
Phone
7123228734
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Proceeds to benefit local non-profits and city entities”

Form 990, Part IX, Line 11G

“Law enforcement 26,067 0 0 entertainment 22,289 0 0 total 48,356 0 0”

Raw XML Appendix308 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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ReturnHeader/ReturnTs02025-04-28T16:32:38-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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