Mount Pleasant Area Operation Pride EIN 42-1124755 Form 990 (PDF) Claim this org

Mount Pleasant Area Operation Pride

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Promotes downtown Mt. Pleasant as an exciting place to live, shop, and invest. For fiscal year 2025 it reported $147K in revenue, $233K in expenses, and $2.1M in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Mount Pleasant, IA
Website
www.mountpleasantiowa.org
Filings
6 on file (2020–2025)
Revenue
$147KFY2025
Expenses
$233K
Net assets
$2.1M
People
13
Filings
6
Updates
0
More identity details & actions ⌄
EIN  42-1124755 Public charity (501(c)(3)) Mount Pleasant, IA
Form 990 (PDF)
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Size
$100K–1M
What they do
Promotes downtown Mt. Pleasant as an exciting place to live, shop, and invest.
Leadership
Lisa Oetken · Executive Di · $55K
Money in and out
$147K revenue, $233K expenses
Bottom line
83% program efficiency
Where the money goes · FY2025
Total revenue
$147K
Pt VIII · Ln 12
Total expenses
$233K
Pt IX · Ln 25
Net assets
$2.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$86K
Where spending went · Part IX cols B–D
Program services $0.83 Management & general $0.08 Fundraising $0.09
Program efficiency
83%
of spending reaches programs▼ -12% vs prior filing year
Operating runway
3.5mo
months of highly liquid reserves at operating expense rate▲ +106% vs prior filing year
Surplus margin
-59%
revenue over expenses, this year▲ +84% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$147K
FY2025▲ +11%
Expenses
$233K
FY2025▼ -61%
Total assets
$2.4M
FY2025▲ +10%
Total liabilities
$304K
FY2025▲ ×106
Total revenue
$147K
Pt VIII · Ln 12
Total expenses
$233K
Pt IX · Ln 25
Net assets
$2.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$86K
Total assetsPt X · Ln 16$2.4M
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

2 program services account for $193K of program spending, described in the organization's own filed words · FY2025.
01

In 2012, main street MT pleasant formed a limited liabliity company, union block LLC, to rehab a large historial building on the square in mount pleasant, iowa. The building had been damaged by a fire a few years prior to 2012 and the prior owners did not repair the building following the fire.

$136Kprogram expense
02

The mission of main street mount pleasant is to stimulate economic development, strengthen the economic and cultural vitality, nurture a creative mix of activities, environments and experiences, and provide energy, leadership and support for PUBLIC/PRIVATE initiatives that encourage the growth and vitality of downtown mount pleasant by…

$57Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMount Pleasant Area Operation Pride
EINHdr · item D42-1124755
Principal addressHdr · item CMount Pleasant, IA
WebsiteHdr · item Jwww.mountpleasantiowa.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJun 1979

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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
Executive Di
$55,000Pt VII · Sec A
$0Pt VII · Sec A
President El
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Lisa Oetken$55,000$52,500$50,000$50,507$42,201$20,136

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$68K · 47%
Contributions & grants$60K · 41%
Other revenue$18K · 12%
Program service revenue47%$68K
Contributions & grants41%$60K
Other revenue12%$18K
Investment income$517
Total revenueLn 12$147K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.08 Fundraising $0.09
Program services83%$193K
Management & general8%$20K
Fundraising9%$20K
Total functional expensesLn 25$233K

Balance Sheet

Part X · end of year
CashLn 1$68K
Total assetsLn 16$2.4M
Total liabilitiesLn 26$304K
Total net assetsLn 32$2.1M
Months of cash on handcomputed3.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $68K · Operating expenses/yr $233K
3.5 months
Where the money goes
Program services
Program services $193K · Total expenses $233K
83%
Management & General
Management & general $20K · Total expenses $233K
8%
Fundraising
Fundraising $20K · Total expenses $233K
9%
Cost to raise $1
Fundraising expense (3-yr avg) $13K · Solicited contributions (3-yr avg) $61K
$0.21 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $60K · Total revenue $147K
41%
Government reliance
Government grants — · Total revenue $147K
Earned-income share
Program service revenue $68K · Total revenue $147K
47%
Investment reliance
Investment income $517 · Total revenue $147K
+0.4%
Program self-sufficiency
Program service revenue $68K · Total expenses $233K
29%
Growth & trend
Revenue growth (YoY)
This year $147K · Prior year $132K
+11%
Revenue CAGR
FY2020 $207K · FY2025 $147K
-7%
Net-asset trend (YoY)
End of year $2.1M · Beginning of year $2.2M
-4%
Balance sheet
Surplus Margin
Revenue $147K · Expenses $233K
-59%
Liabilities-to-Assets
Total liabilities $304K · Total assets $2.4M
13%
Net-asset ratio
Net assets $2.1M · Total assets $2.4M
87%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.4M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Lisa Oetken · Reported title EXECUTIVE DI · Highest reported compensation $55K · Total expenses $233K
24%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $61K · Total expenses $233K
26%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 83%
Overhead ratio 8%
Fundraising cost ratio 33%
Revenue growth 11%
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.

Grants

Schedule I · funders on record
Grants received · FY2024
Gofundme OrgFY2024$5K
Total grants receivedfrom 2 funders$18K

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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
FY2025 (Latest)$147K revenue · viewing · ⤓ 990 PDF
FY2024$132K revenue · ⤓ 990 PDF
FY2023$101K revenue · ⤓ 990 PDF
FY2022$102K revenue · ⤓ 990 PDF
FY2021$152K revenue · ⤓ 990 PDF
FY2020$207K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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