Dubuque Initiatives

Tax-deductible

Dubuque, IA501(c)(3)Community DevelopmentEIN 42-1165790Revenue $1.6M in FY2024

On file with the IRScityofdubuque.org50 W 13th St, 52001-4805 · Dubuque, IATax-exempt since Apr 1985Publicly supported — 509(a)(2)

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To attract industry to the area and provide local residents with economic opportunities

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Run by 14 volunteers.
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)(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
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 $411K a year · 39% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
20 mo
of spending, in cash
Looks good: 19.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $225K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$158K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
-42% vs prior year
Spent
$1.7M
To programs
89%
Net assets
$12.5M
By yearFY2020–FY2024
Revenue
$1.6M
FY2024▼ -42%
Tap a bar for its year
Revenue by fiscal year
FY2020$472K
FY2021$232K
FY2022$284K
FY2023$2.7M
FY2024$1.6M
Expenses
$1.7M
FY2024▲ +131%
Tap a bar for its year
Expenses by fiscal year
FY2020$409K
FY2021$153K
FY2022$264K
FY2023$726K
FY2024$1.7M
Net assets
$12.5M
FY2024▲ +0.9%
Tap a bar for its year
Net assets by fiscal year
FY2020$12.9M
FY2021$13.0M
FY2022$12.6M
FY2023$12.4M
FY2024$12.5M

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

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1985.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $1.5M Management & general 11% · $176K

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

15 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Dubuque Initiatives 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 15aNo

Programs and updates

Attracts businesses and creates local jobs.

Questions for Dubuque Initiatives

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Provided by the organization

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3 programs · $1.5M · in their own filed words · FY2024
01

This program service relates to the collection of money to increase wages of early childhood caregivers and teachers. The program, funded by state grants and local business contributions, is intended to improve childcare workforce recruitment and compensation by increasing the average starting wage for childcare workers.

$803Kprogram expense
02

This program service relates to the purchase and management of real estate in the dubuque industrial park at 7900 chavennelle road to meet the needs of low and moderate income dubuque area CITIZENS.STUDIES have shown a serious need for affordable and accessible daycare for the area workforce.

$584Kprogram expense
03

This program service includes attracting industry to the community and serving the needs of low and moderate income citizens by providing economic opportunities for them.

$112Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$225K
Grants paid · 2 grants · $200K · 2020–2020
Ecia Business Growth INCIA · FY2020$100,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Gifts and grantsLn 1h$960K
Investment incomeLn 3$534K
Other incomeLn 4–11$84K
Money outPt IX
$1.7M
Ln 25
Programscol B$1.5M
Managementcol C$176K
Owns and owesPt X
$12.5M
net assets · Ln 32
Cash and savingsLn 1–2$2.8M
Total assetsLn 16$12.7M
LiabilitiesLn 26$158K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$960K
Government grantsLn 1e$585K
Investment incomeLn 3$534K
Other incomeLn 4–11$84K
Gains on assetsLn 7$272K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$1.1M
SavingsLn 2$1.7M
Cash and savings togetherLn 1–2$2.8M
InvestmentsLn 11–13$2.7M
Land, buildings, equipmentLn 10c$759K
Other assetsLn 15$1.5M
Total assetsLn 16$12.7M
LiabilitiesLn 26$158K
Net assetsLn 32$12.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 614
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
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$1.3M$2.8M
InvestmentsLn 11–13$3.5M$2.7M
Land, buildings, equipmentLn 10c$1.5M$759K
Total assetsLn 16$13.9M$12.7M
LiabilitiesLn 26$1.5M$158K
Net assetsLn 32$12.4M$12.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$32K$32K
Legal feesLn 11b$109K$72K$38K
Accounting feesLn 11c$73K$45K$28K
Investment management feesLn 11f$21K$250$21K
Other fees for servicesLn 11g$55K$45K$10K
Advertising and promotionLn 12$21K$1K$20K
Office expensesLn 13$2K$1K$752
OccupancyLn 16$113K$113K
InterestLn 20$7K$7K
Depreciation, depletion and amortizationLn 22$214K$214K
InsuranceLn 23$57K$49K$7K
Other expenses (24a–d)Ln 24$951K$910K$41K
All other expensesLn 24e$19K$16K$3K
Total functional expensesLn 25$1.7M$1.5M$176K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.6M$1.7M−$97K$12.5M 990 PDF
FY2023 $2.7M$726K$2.0M$12.4M 990 PDF
FY2022 $284K$264K$19K$12.6M 990 PDF
FY2021 $232K$153K$79K$13.0M 990 PDF
FY2020 $472K$409K$62K$12.9M 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 FY2024 990 (6 parts)
Part I · Summary $1,578,490 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,154,800$960,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $509,120$534,175
I-11 Other revenuePrior year $53,974$84,315
I-12 Total revenuePrior year $2,717,894$1,578,490
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $726,010$1,675,067
I-18 Total expensesPrior year $726,010$1,675,067
I-19 Revenue less expensesPrior year $1,991,884−$96,577
Part VI · Governance 15 of 15 board members independent, 4 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,578,490 across 7 lines filed
Lines not itemized here account for $1,470 of total revenue; see the IRS return.
VIII-1e Government grants$585,000
VIII-1f All other contributions, gifts and grants$375,000
VIII-1h Total contributions, gifts and grants$960,000
VIII-3 Investment incomeExcluded from tax $262,159$262,159
VIII-7 Net gain or loss on sales of assetsRelated to mission $141,400 · Excluded from tax $130,616$272,016
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $82,845$82,845
VIII-12 Total revenueRelated to mission $225,715 · Unrelated business $0 · Excluded from tax $392,775$1,578,490
Part IX · Statement of functional expenses $1,675,067 across 13 lines filed
IX-11a Management feesPrograms $31,961$31,961
IX-11b Legal feesPrograms $71,543 · Management $37,863$109,406
IX-11c Accounting feesPrograms $44,525 · Management $28,274$72,799
IX-11f Investment management feesPrograms $250 · Management $20,817$21,067
IX-11g Other fees for servicesPrograms $45,431 · Management $10,010$55,441
IX-12 Advertising and promotionPrograms $1,009 · Management $20,000$21,009
IX-13 Office expensesPrograms $1,114 · Management $752$1,866
IX-16 OccupancyPrograms $113,207$113,207
IX-20 InterestManagement $6,638$6,638
IX-22 Depreciation, depletion and amortizationPrograms $214,202$214,202
IX-23 InsurancePrograms $49,334 · Management $7,474$56,808
IX-24 Other expenses (24a–d)Programs $909,838 · Management $41,413$951,251
IX-24e All other expensesPrograms $16,345 · Management $3,067$19,412
IX-25 Total functional expensesPrograms $1,498,759 · Management $176,308 · Fundraising $0$1,675,067
Part X · Balance sheet $12,656,159 assets, 15 lines filed
Asset lines not itemized here account for $4,610,717; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,071,577$1,080,595
X-2 Savings and temporary cash investmentsStart of year $211,508$1,670,529
X-3 Pledges and grants receivableStart of year $2,154,800$85,000
X-8 Inventories for sale or useStart of year $127,779$241,779
X-9 Prepaid expenses and deferred chargesStart of year $2,109$2,109
X-10c Land, buildings and equipment, netStart of year $1,502,759$758,544
X-12 Other securitiesStart of year $3,538,537$2,684,589
X-15 Other assetsStart of year $927,536$1,522,297
X-16 Total assetsStart of year $13,884,284$12,656,159
X-17 Accounts payable and accrued expensesStart of year $927,016$157,518
X-25 Other liabilitiesStart of year $571,000$0
X-26 Total liabilitiesStart of year $1,498,016$157,518
X-27 Net assets without donor restrictionsStart of year $12,386,268$12,498,641
X-32 Total net assets or fund balancesStart of year $12,386,268$12,498,641
X-33 Total liabilities and net assetsStart of year $13,884,284$12,656,159
Part XI · Reconciliation of net assets $12,498,641 net assets at year end
XI-1 Total revenue$1,578,490
XI-2 Total expenses$1,675,067
XI-3 Revenue less expenses−$96,577
XI-4 Net assets at start of year$12,386,268
XI-5 Net unrealized gains (losses) on investments$89,280
XI-9 Other changes in net assets$119,670
XI-10 Net assets at end of year$12,498,641

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

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