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Cedar Valley Tech Works INC

Tax-deductible

Waterloo, IA501(c)(3)Community DevelopmentEIN 20-4965137

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Cedar Valley techworks brings together leaders in the field of biotechnology, serving as a center of activty for researchers, farmers, investors and business owners.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Run by 11 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $1.3M a year · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$20K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$389K
-16% vs prior year
Spent
$598K
To programs
99%
Net assets
$6.7M
By yearFY2021–FY2025
Revenue
$389K
FY2025▼ -16%
Revenue by fiscal year
FY2021$309K
FY2022$269K
FY2023−$4.6M
FY2024$465K
FY2025$389K
Expenses
$598K
FY2025▼ -3%
Expenses by fiscal year
FY2021$690K
FY2022$634K
FY2023$652K
FY2024$615K
FY2025$598K
Net assets
$6.7M
FY2025▼ -3%
Net assets by fiscal year
FY2021$12.7M
FY2022$12.4M
FY2023$7.1M
FY2024$6.9M
FY2025$6.7M

From the FY2025 Form 990 (year ending June 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $595K Management & general 1% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Katy Susong
Vice Chair
$0Pt VII · Sec A
Don Temeyer
Treasurer
$0Pt VII · Sec A
Cary Darrah
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Cedar Valley Tech Works INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Connects biotech leaders, researchers, farmers, investors, and business owners for innovation.

Provided by the organization

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1 program service account for $595K of program spending, described in the organization's own filed words · FY2024.
01

To own, redevelop, operate, and market land and buildings, increase innovation, employment, and investment in bio-agriculture, advanced manufacturing, and information technologies and other industries, and cooperate with other entities to accomplish economic development in the cedar valley.

$595Kprogram expense

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By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$389K
Ln 12
Fees for servicesLn 2g$366K
Other incomeLn 4–11$22K
Investment incomeLn 3$630
Money outPt IX
$598K
Ln 25
Programscol B$595K
Managementcol C$3K
Owns and owesPt X
$6.7M
net assets · Ln 32
Cash and savingsLn 1–2$166K
Total assetsLn 16$6.7M
LiabilitiesLn 26$20K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$366K
Investment incomeLn 3$630
Other incomeLn 4–11$22K
Total revenueLn 12$389K
Assets in detailPt X, end of year
SavingsLn 2$166K
Cash and savings togetherLn 1–2$166K
Land, buildings, equipmentLn 10c$6.5M
Total assetsLn 16$6.7M
LiabilitiesLn 26$20K
Net assetsLn 32$6.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$247K$166K
Land, buildings, equipmentLn 10c$6.6M$6.5M
Total assetsLn 16$6.9M$6.7M
LiabilitiesLn 26$10K$20K
Net assetsLn 32$6.9M$6.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$3K$3K
Office expensesLn 13$296$296
OccupancyLn 16$220K$220K
Depreciation, depletion and amortizationLn 22$326K$326K
InsuranceLn 23$15K$15K
Other expenses (24a–d)Ln 24$34K$34K
Total functional expensesLn 25$598K$595K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $389K$598K−$209K$6.7M 990 PDF
FY2024 $465K$615K−$150K$6.9M 990 PDF
FY2023 −$4.6M$652K−$5.3M$7.1M 990 PDF
FY2022 $269K$634K−$365K$12.4M 990 PDF
FY2021 $309K$690K−$381K$12.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $388,729 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $366,197$366,197
VIII-3 Investment incomeExcluded from tax $630$630
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $21,902$21,902
VIII-12 Total revenueRelated to mission $388,099 · Excluded from tax $630$388,729
Part IX · Statement of functional expenses $597,734 across 6 lines filed
IX-11b Legal feesManagement $2,873$2,873
IX-13 Office expensesManagement $296$296
IX-16 OccupancyPrograms $220,244$220,244
IX-22 Depreciation, depletion and amortizationPrograms $325,876$325,876
IX-23 InsurancePrograms $14,884$14,884
IX-24 Other expenses (24a–d)Programs $33,561$33,561
IX-25 Total functional expensesPrograms $594,565 · Management $3,169 · Fundraising $0$597,734
Part X · Balance sheet $6,730,596 assets, 11 lines filed
X-2 Savings and temporary cash investmentsStart of year $247,467$165,569
X-4 Accounts receivableStart of year $73,076$78,416
X-9 Prepaid expenses and deferred chargesStart of year $3,191$3,723
X-10c Land, buildings and equipment, netStart of year $6,605,309$6,482,888
X-16 Total assetsStart of year $6,929,043$6,730,596
X-17 Accounts payable and accrued expensesStart of year $8,379$18,137
X-25 Other liabilitiesStart of year $1,363$2,163
X-26 Total liabilitiesStart of year $9,742$20,300
X-27 Net assets without donor restrictionsStart of year $6,919,301$6,710,296
X-32 Total net assets or fund balancesStart of year $6,919,301$6,710,296
X-33 Total liabilities and net assetsStart of year $6,929,043$6,730,596
Part XI · Reconciliation of net assets $6,710,296 net assets at year end
XI-1 Total revenue$388,729
XI-2 Total expenses$597,734
XI-3 Revenue less expenses−$209,005
XI-4 Net assets at start of year$6,919,301
XI-10 Net assets at end of year$6,710,296

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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