Dewitt Chamber & Development Co FY2020 filing

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EIN 42-1342254 Public charity (501(c)(3)) Dewitt, IA
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2025
Revenue
$264K
FY2020
Expenses
$204K
FY2020

Form 990 for the fiscal year ending May 2020 (IRS tax year 2019).


Promotes community growth by supporting businesses and enhancing quality of life. For fiscal year 2020 it reported $264K in revenue, $204K in expenses, and $553K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Dewitt, IA
Website
www.dewittdevelopmentcompany.com
Filings
6 on file (2020–2020)
Revenue
$264KFY2020
Expenses
$204K
Net assets
$553K
People
18
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Size
$100K–1M
What they do
Promotes community growth by supporting businesses and enhancing quality of life.
Leadership
Angela Rheingans · Ex-Officio D · $77K
Money in and out
$264K revenue, $204K expenses
Bottom line
20% program efficiency

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

NEUTRAL

No foundation grants on file

No Schedule I/Schedule R grants from other foundations are on file for this EIN. See detail →

How is the money spent?

CRITICAL

20% to programs

20% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M

Revenue band $100K–1M. Not enough years on file for a trend. See detail →

Where the money goes · FY2020
Total revenue
$264K
Pt VIII · Ln 12
Total expenses
$204K
Pt IX · Ln 25
Net assets
$553K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $60K
Where spending went · Part IX cols B–D
Program services $0.20 Management & general $0.80
Program efficiency
20%
of spending reaches programs
Operating runway
28.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+23%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$843K
FY2020
Total liabilities
$290K
FY2020
Revenue less expensesPt I · Ln 19$60K
Total assetsPt X · Ln 16$843K
Program-expense ratioPt IX · col B20%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 416

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CDewitt Chamber & Development Co
EINHdr · item D42-1342254
Principal addressHdr · item CDewitt, IA
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJul 1994

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a16
Independent voting membersPt VI · Ln 1b16
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 · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Ex-Officio D
$77,168Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Angela Rheingans$113,000$107,000$103,667$97,750$81,950$77,168

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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Mission & Programs · Part III

Where the work happens

3 program services account for $40K of program spending, described in the organization's own filed words · FY2019.
01

The DCDC works to improve branding and community relations for the dewitt community. They promoted over 494 community events and distributed thousands of visitor brochures and community guides to residents, employees and visitors. Community banners and holiday decorations are hung along two primarystreets.

$30Kprogram expense
02

The DCDC is involved in supporting existing businesses and recruiting new businesses to the dewitt area. The DCDC partnered with the small business center to provide free couseling for businessowners, 48 participated. 30,345 of chamber bucks were sold, keeping spending dollars in dewitt.

$10Kprogram expense
03

The DCDC promotes member development. Membership grew to 250 member busiensses. Membership dues structure did not change. We continue to offer a dues structure that allows members to choose what level of membership they prefer.

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants$233K · 88%
Program service revenue$21K · 8%
Other revenue$6K · 2%
Investment income$4K · 1%
Contributions & grants88%$233K
Program service revenue8%$21K
Other revenue2%$6K
Investment income1%$4K
— government grantsLn 1e$45K
Total revenueLn 12$264K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.20 Management & general $0.80
Program services20%$40K
Management & general80%$164K
Total functional expensesLn 25$204K

Balance Sheet

Part X · end of year
CashLn 1$438K
Total assetsLn 16$843K
Total liabilitiesLn 26$290K
Total net assetsLn 32$553K
Months of cash on handcomputed25.8

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $478K · Operating expenses/yr $204K
28.1 months
Where the money goes
Program services
Program services $40K · Total expenses $204K
20%
Management & General
Management & general $164K · Total expenses $204K
80%
Fundraising
Fundraising $0 · Total expenses $204K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $188K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $233K · Total revenue $264K
88%
Government reliance
Government grants $45K · Total revenue $264K
17%
Earned-income share
Program service revenue $21K · Total revenue $264K
8%
Investment reliance
Investment income $4K · Total revenue $264K
+1%
Program self-sufficiency
Program service revenue $21K · Total expenses $204K
10%
Growth & trend
Revenue growth (YoY)
This year $264K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $553K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $264K · Expenses $204K
+23%
Liabilities-to-Assets
Total liabilities — · Total assets $843K
—
Net-asset ratio
Net assets $553K · Total assets $843K
66%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $40K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $843K
5%
People & payroll
Highest Reported Total Compensation
Individual Angela Rheingans · Reported title EX-OFFICIO D · Highest reported compensation $77K · Total expenses $204K
38%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $155K · Total expenses $204K
76%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 20%——
Overhead ratio 80%——
Fundraising cost ratio 0%——
Accounting fee ratio 0.9%——

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
FY2025 (Latest)$511K revenue · ⤓ 990 PDF
FY2024$317K revenue · ⤓ 990 PDF
FY2023$238K revenue · ⤓ 990 PDF
FY2022$272K revenue · ⤓ 990 PDF
FY2021$303K revenue · ⤓ 990 PDF
FY2020$264K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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