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Sheldon Chamber and Development Cor

Not tax-deductible

Sheldon, IA501(c)(6)Community Development EIN 42-0984599Revenue $543K in FY2024Latest return filed Nov 13, 2025

On file with the IRSsheldoniowa.comSheldon, IATax-exempt since Oct 2023

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The Sheldon Chamber and Development corporation stands by the mission to promote a lasting community "where families come first". As with any business, we are constantly working to provide high-quality programs, services, and amenities within the Sheldon community. By partnering with the scdc, you are directly supporting our ongoing efforts in making Sheldon a better place to live, work, and conduct business.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
65¢ of each $1 spent went to programs.
Run by 50 volunteers and 3 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $48K a year · 9% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
65%
of spending
Fine: 65% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$63K
to officers and key staff · 13% of spending
Top officer’s pay lower than 60% of similar orgs
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
45 mo
of spending, in cash
Looks good: 44.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.5M
52% of total assets
Fine: liabilities are 52% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$543K
-4% vs prior year
Spent
$492K
To programs
65%
Net assets
$2.3M
By yearFY2020–FY2024
Revenue
$543K
FY2024▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2020$506K
FY2021$558K
FY2022$479K
FY2023$563K
FY2024$543K
Expenses
$492K
FY2024+0.05%
Tap a bar for its year
Expenses by fiscal year
FY2020$561K
FY2021$418K
FY2022$444K
FY2023$492K
FY2024$492K
Net assets
$2.3M
FY2024▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.0M
FY2021$2.2M
FY2022$2.2M
FY2023$2.3M
FY2024$2.3M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2023.

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

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $320K Management & general 35% · $172K

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

Something off? Claim to add context

Who runs it and what they're paid

13 people listed on the 990; $63K paid to officers and key staff.

Part VII, Section A · reportable compensation
$62,896Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Brad Hindt
Director
$0Pt VII · Sec A
Tom Eggers
Director
$0Pt VII · Sec A
Justin Jonas
President
$0Pt VII · Sec A
Sam Kooiker
Director
$0Pt VII · Sec A
Cory Myer
Director
$0Pt VII · Sec A

Tania Herrera Gonzales’s $63K as Executive Di is at the 40th percentile of top reported officer pay among 1708 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2020
Curt Strouth—$83,087
Tania Herrera Gonzales$62,896—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Sheldon Chamber and Development Cor executive salaries →

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

Promotes community programs and services to make Sheldon a better place to live and work.

Questions for Sheldon Chamber and Development Cor

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2 programs · $320K · in their own filed words · FY2024
01

General community and trade development through the operation as a chamber of commerce for the city of sheldon

$287Kprogram expense
02

Economic development through the operation of a revolving loan fund providing financing to local businesses

$33Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$543K
Ln 12
Gifts and grantsLn 1h$234K
Fees for servicesLn 2g$212K
Investment incomeLn 3$73K
Money outPt IX
$492K
Ln 25
Programscol B$320K
Managementcol C$172K
Owns and owesPt X
$2.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.8M
Total assetsLn 16$4.8M
LiabilitiesLn 26$2.5M
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$234K
Government grantsLn 1e$130K
Fees for servicesLn 2g$212K
Investment incomeLn 3$73K
Other incomeLn 4–11$24K
Total revenueLn 12$543K
Assets in detailPt X, end of year
CashLn 1$125K
SavingsLn 2$1.7M
Cash and savings togetherLn 1–2$1.8M
Notes and loans receivableLn 7$1.3M
Other assetsLn 15$1.7M
Total assetsLn 16$4.8M
LiabilitiesLn 26$2.5M
Net assetsLn 32$2.3M
OperationsPt I, VI
EmployeesI 53
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$2.1M$1.8M
Total assetsLn 16$4.8M$4.8M
LiabilitiesLn 26$2.6M$2.5M
Net assetsLn 32$2.3M$2.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$63K$63K
Other salaries and wagesLn 7$150K$84K$65K
Other employee benefitsLn 9$11K$4K$6K
Payroll taxesLn 10$16K$6K$10K
Accounting feesLn 11c$26K$13K$13K
Advertising and promotionLn 12$82K$82K
Office expensesLn 13$15K$8K$8K
InterestLn 20$4K$4K
InsuranceLn 23$6K$1K$5K
Other expenses (24a–d)Ln 24$113K$113K
All other expensesLn 24e$6K$4K$2K
Total functional expensesLn 25$492K$320K$172K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 13, 2025 $543K$492K$50K$2.3M 990 PDF
FY2023Filed with the IRS Jan 31, 2025 $563K$492K$71K$2.3M 990 PDF
FY2022Filed with the IRS Sep 28, 2023 $479K$444K$35K$2.2M 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $558K$418K$141K$2.2M 990 PDF
FY2020Filed with the IRS May 27, 2022 $506K$561K−$55K$2.0M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $542,537 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $218,331$233,964
I-9 Program service revenuePrior year $220,719$212,076
I-10 Investment incomePrior year $58,148$72,796
I-11 Other revenuePrior year $65,436$23,701
I-12 Total revenuePrior year $562,634$542,537
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $165,236$239,531
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $326,723$252,674
I-18 Total expensesPrior year $491,959$492,205
I-19 Revenue less expensesPrior year $70,675$50,332
Part VI · Governance 12 of 12 board members independent, 2 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $542,537 across 7 lines filed
VIII-1b Membership dues$103,964
VIII-1e Government grants$130,000
VIII-1h Total contributions, gifts and grants$233,964
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $212,076$212,076
VIII-3 Investment incomeExcluded from tax $72,796$72,796
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $23,701$23,701
VIII-12 Total revenueRelated to mission $235,777 · Excluded from tax $72,796$542,537
Part IX · Statement of functional expenses $492,205 across 11 lines filed
IX-5 Pay of current officers, directors and key staffManagement $62,896$62,896
IX-7 Other salaries and wagesPrograms $84,465 · Management $65,322$149,787
IX-9 Other employee benefitsPrograms $4,310 · Management $6,466$10,776
IX-10 Payroll taxesPrograms $6,429 · Management $9,643$16,072
IX-11c Accounting feesPrograms $13,075 · Management $13,075$26,150
IX-12 Advertising and promotionPrograms $82,123$82,123
IX-13 Office expensesPrograms $7,825 · Management $7,638$15,463
IX-20 InterestPrograms $3,751$3,751
IX-23 InsurancePrograms $1,250 · Management $4,999$6,249
IX-24 Other expenses (24a–d)Programs $112,558$112,558
IX-24e All other expensesPrograms $4,175 · Management $2,205$6,380
IX-25 Total functional expensesPrograms $319,961 · Management $172,244 · Fundraising $0$492,205
Part X · Balance sheet $4,819,963 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $82,737$125,241
X-2 Savings and temporary cash investmentsStart of year $2,032,383$1,714,500
X-7 Notes and loans receivableStart of year $1,195,543$1,250,977
X-15 Other assetsStart of year $1,537,016$1,729,245
X-16 Total assetsStart of year $4,847,679$4,819,963
X-17 Accounts payable and accrued expensesStart of year $75,576$26,355
X-24 Unsecured notes and loans payableStart of year $2,460,743$2,421,272
X-25 Other liabilitiesStart of year $33,258$48,902
X-26 Total liabilitiesStart of year $2,574,577$2,496,529
X-27 Net assets without donor restrictionsStart of year $2,273,102$2,323,434
X-32 Total net assets or fund balancesStart of year $2,273,102$2,323,434
X-33 Total liabilities and net assetsStart of year $4,847,679$4,819,963
Part XI · Reconciliation of net assets $2,323,434 net assets at year end
XI-1 Total revenue$542,537
XI-2 Total expenses$492,205
XI-3 Revenue less expenses$50,332
XI-4 Net assets at start of year$2,273,102
XI-10 Net assets at end of year$2,323,434

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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