Sheldon Chamber and Development Cor EIN 42-0984599 Form 990 (PDF) Claim this org

Sheldon Chamber and Development Cor FY2022 filing

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Promotes community programs and services to make Sheldon a better place to live and work. For fiscal year 2022 it reported $479K in revenue, $444K in expenses, and $2.2M in net assets.Pt I

Type
Business league / trade association · Community Development
Location
Sheldon, IA
Website
www.sheldoniowa.com
Filings
5 on file (2020–2022)
Revenue
$479KFY2022
Expenses
$444K
Net assets
$2.2M
People
11
Filings
5
Updates
0
More identity details & actions ⌄
EIN  42-0984599 Business league / trade association Sheldon, IA
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Promotes community programs and services to make Sheldon a better place to live and work.
Leadership
Trevor Guttula · President
Money in and out
$479K revenue, $444K expenses
Bottom line
+7% operating surplus
Membership & operating revenue · FY2022
Total revenue
$479K
Pt VIII · Ln 12
Total expenses
$444K
Pt IX · Ln 25
Net assets
$2.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $35K
Where spending went · Part IX cols B–D
Program services $0.53 Management & general $0.47
Operating surplus
+7%
revenue over expenses
Earned revenue
57%
of revenue from program services & dues
Payroll share
37%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$479K
FY2022▼ -14%
Expenses
$444K
FY2022▲ +6%
Total assets
$4.7M
FY2022▼ -8%
Total liabilities
$2.5M
FY2022▼ -15%
Total revenue
$479K
Pt VIII · Ln 12
Total expenses
$444K
Pt IX · Ln 25
Net assets
$2.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$35K
Total assetsPt X · Ln 16$4.7M
Program-expense ratioPt IX · col B53%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

2 program services account for $237K of program spending, described in the organization's own filed words · FY2022.
01

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

$200Kprogram expense
02

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

$37Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSheldon Chamber and Development Cor
EINHdr · item D42-0984599
Principal addressHdr · item CSheldon, IA
WebsiteHdr · item Jwww.sheldoniowa.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIA
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S41)
Ruling yearIRS BMFOct 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

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 1710 $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.

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Statement of Revenue

Part VIII
Program service revenue$272K · 57%
Contributions & grants$214K · 45%
Investment income$28K · 6%
Program service revenue57%$272K
Contributions & grants45%$214K
Investment income6%$28K
— government grantsLn 1e$85K
Total revenueLn 12$479K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.53 Management & general $0.47
Program services53%$237K
Management & general47%$207K
Total functional expensesLn 25$444K

Balance Sheet

Part X · end of year
CashLn 1$2.3M
Total assetsLn 16$4.7M
Total liabilitiesLn 26$2.5M
Total net assetsLn 32$2.2M
Months of cash on handcomputed61.9

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.3M · Operating expenses/yr $444K
61.9 months
Where the money goes
Program services
Program services $237K · Total expenses $444K
53%
Management & General
Management & general $207K · Total expenses $444K
47%
Fundraising
Fundraising $0 · Total expenses $444K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $128K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $214K · Total revenue $479K
45%
Government reliance
Government grants $85K · Total revenue $479K
18%
Earned-income share
Program service revenue $272K · Total revenue $479K
57%
Investment reliance
Investment income $28K · Total revenue $479K
+6%
Program self-sufficiency
Program service revenue $272K · Total expenses $444K
61%
Growth & trend
Revenue growth (YoY)
This year $479K · Prior year $558K
-14%
Net-asset trend (YoY)
End of year $2.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $479K · Expenses $444K
+7%
Liabilities-to-Assets
Total liabilities — · Total assets $4.7M
Net-asset ratio
Net assets $2.2M · Total assets $4.7M
47%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $4.7M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Trevor Guttula · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $444K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $164K · Total expenses $444K
37%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 53%
Overhead ratio 47%
Fundraising cost ratio 0%
Revenue growth -14%
Accounting fee ratio 4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$543K revenue · ⤓ 990 PDF
FY2023$563K revenue · ⤓ 990 PDF
FY2022$479K revenue · viewing · ⤓ 990 PDF
FY2021$558K revenue · ⤓ 990 PDF
FY2020$506K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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