Sheldon Chamber and Development Cor FY2021 filing

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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.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 42-0984599) · Dispute this line
501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
49¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
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
A surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
49%
of spending
49% of spending went to programs.
Pt IX · Ln 25 · col B
62.3 mo
of spending, in cash
62.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.9M
57% of total assets
Liabilities are 57% of assets.
Pt X · Ln 26
Independent board members
11
of 11 voting members
11 of 11 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$558K
+10% vs prior year
Spent
$418K
To programs
49%
Net assets
$2.2M
By yearFY2020–FY2024
Revenue
$558K
FY2021▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$506K
FY2021$558K
FY2022$479K
FY2023$563K
FY2024$543K
Expenses
$418K
FY2021▼ -26%
Tap a bar for its year
Expenses by fiscal year
FY2020$561K
FY2021$418K
FY2022$444K
FY2023$492K
FY2024$492K
Net assets
$2.2M
FY2021▲ +10%
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 FY2021 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

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

49 cents of each dollar spent went to programs.

Program services 49% · $205K Management & general 51% · $212K

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
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Executive Di
$0Pt VII · Sec A
Secretary/Tr
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$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.

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2 programs · $205K · in their own filed words · FY2021
01

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

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 42-0984599) · Dispute this line
$177Kprogram expense
02

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

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 42-0984599) · Dispute this line
$29Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$558K
Ln 12
Fees for servicesLn 2g$275K
Gifts and grantsLn 1h$186K
Other incomeLn 4–11$72K
Money outPt IX
$418K
Ln 25
Programscol B$205K
Managementcol C$212K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$2.2M
Total assetsLn 16$5.1M
LiabilitiesLn 26$2.9M
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$186K
Government grantsLn 1e$59K
Fees for servicesLn 2g$275K
Investment incomeLn 3$24K
Other incomeLn 4–11$72K
Total revenueLn 12$558K
Assets in detailPt X, end of year
CashLn 1$52K
SavingsLn 2$2.1M
Cash and savings togetherLn 1–2$2.2M
Notes and loans receivableLn 7$591K
Land, buildings, equipmentLn 10c$3K
Other assetsLn 15$2.3M
Total assetsLn 16$5.1M
LiabilitiesLn 26$2.9M
Net assetsLn 32$2.2M
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 FY21End FY21
Cash and savingsLn 1–2$1.6M$2.2M
Land, buildings, equipmentLn 10c$8K$3K
Total assetsLn 16$5.0M$5.1M
LiabilitiesLn 26$3.0M$2.9M
Net assetsLn 32$2.0M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of disqualified personsLn 6$91K$91K
Other salaries and wagesLn 7$73K$73K
Pension plan contributionsLn 8$2K$2K
Payroll taxesLn 10$6K$6K
Accounting feesLn 11c$17K$17K
Advertising and promotionLn 12$140K$138K$2K
Office expensesLn 13$9K$9K
InterestLn 20$5K$5K
Depreciation, depletion and amortizationLn 22$5K$5K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$62K$62K
All other expensesLn 24e$2K$250$2K
Total functional expensesLn 25$418K$205K$212K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled 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
FY2021 ViewingFiled 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

A · Public support I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $558,158 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $167,741$186,495
I-9 Program service revenuePrior year $326,246$275,256
I-10 Investment incomePrior year $25,882$23,951
I-11 Other revenuePrior year −$13,716$72,456
I-12 Total revenuePrior year $506,153$558,158
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $165,571$171,672
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $395,556$245,920
I-18 Total expensesPrior year $561,127$417,592
I-19 Revenue less expensesPrior year −$54,974$140,566
Part VI · Governance 11 of 11 board members independent, 2 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
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 $558,158 across 7 lines filed
VIII-1b Membership dues$127,395
VIII-1e Government grants$59,100
VIII-1h Total contributions, gifts and grants$186,495
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $275,256$275,256
VIII-3 Investment incomeExcluded from tax $23,951$23,951
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $72,456$72,456
VIII-12 Total revenueRelated to mission $347,712 · Excluded from tax $23,951$558,158
Part IX · Statement of functional expenses $417,592 across 12 lines filed
IX-6 Pay of disqualified personsManagement $91,062$91,062
IX-7 Other salaries and wagesManagement $72,939$72,939
IX-8 Pension plan contributionsManagement $2,001$2,001
IX-10 Payroll taxesManagement $5,670$5,670
IX-11c Accounting feesManagement $17,392$17,392
IX-12 Advertising and promotionPrograms $138,279 · Management $2,074$140,353
IX-13 Office expensesManagement $9,340$9,340
IX-20 InterestPrograms $4,925$4,925
IX-22 Depreciation, depletion and amortizationManagement $4,510$4,510
IX-23 InsuranceManagement $5,083$5,083
IX-24 Other expenses (24a–d)Programs $62,033$62,033
IX-24e All other expensesPrograms $250 · Management $2,034$2,284
IX-25 Total functional expensesPrograms $205,487 · Management $212,105 · Fundraising $0$417,592
Part X · Balance sheet $5,090,382 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $18,649$51,552
X-2 Savings and temporary cash investmentsStart of year $1,577,747$2,117,300
X-7 Notes and loans receivableStart of year $1,072,118$590,800
X-10c Land, buildings and equipment, netStart of year $7,892$3,382
X-15 Other assetsStart of year $2,282,712$2,327,348
X-16 Total assetsStart of year $4,959,118$5,090,382
X-17 Accounts payable and accrued expensesStart of year $9,200$9,260
X-19 Deferred revenueStart of year $8,000$12,546
X-24 Unsecured notes and loans payableStart of year $2,917,519$2,864,086
X-25 Other liabilitiesStart of year $62,389$37,026
X-26 Total liabilitiesStart of year $2,997,108$2,922,918
X-27 Net assets without donor restrictionsStart of year $1,962,010$2,167,464
X-32 Total net assets or fund balancesStart of year $1,962,010$2,167,464
X-33 Total liabilities and net assetsStart of year $4,959,118$5,090,382
Part XI · Reconciliation of net assets $2,167,464 net assets at year end
XI-1 Total revenue$558,158
XI-2 Total expenses$417,592
XI-3 Revenue less expenses$140,566
XI-4 Net assets at start of year$1,962,010
XI-9 Other changes in net assets$64,888
XI-10 Net assets at end of year$2,167,464

Form 990 e-file FY2021 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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