Mahaska Chamber and Development FY2022 filing

Oskaloosa, IAUnknown exempt organizationEIN 42-1458680Revenue $698K in FY2022

On file with the IRSmahaskachamber.org222 First Ave E · Oskaloosa, IA

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Proactive community based economic Development organization dedicated to promotion & improvement of the industrial, retail & business environment of the community in oskaloosa & Mahaska county.

$52K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
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
5 of 5
filings with a surplus
Average surplus $175K a year · 26% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$52K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
16 mo
of spending, in cash
Looks good: 16.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $11K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$115K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$698K
-0.7% vs prior year
Spent
$536K
To programs
0%
Net assets
$1.6M
By yearFY2020–FY2024
Revenue
$698K
FY2022▼ -0.7%
Tap a bar for its year
Revenue by fiscal year
FY2020$527K
FY2021$703K
FY2022$698K
FY2023$711K
FY2024$734K
Expenses
$536K
FY2022▲ +29%
Tap a bar for its year
Expenses by fiscal year
FY2020$372K
FY2021$416K
FY2022$536K
FY2023$555K
FY2024$622K
Net assets
$1.6M
FY2022▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$1.5M
FY2022$1.6M
FY2023$1.9M
FY2024$2.3M

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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 Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

15 people listed on the 990; $52K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$51,628Pt VII · Sec A
$0Pt VII · Sec A
Vice-Preside
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021FY2020
Deann Degroot$55,391$53,689$51,628$50,004$43,848

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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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

Improves local businesses and the economy through community-based development.

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Provided by the organization

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3 programs · in their own filed words · FY2022
01

Expanded county-wide economic development efforts. These efforts included preparation of an industrial development site, senior housing feasibility study, and transload facility planning and development study. These projects continue through partnerships with the city of oskaloosa and mahaska county.

Pt IX · col B
02

Organized many events, such as eggs & issues, art on the square, christmas in july, sweet CORN/SERENADE, lighted christmas parade, fireworks, friday after five, awards celebration, etc. Expanded tourism efforts with county- wide visitors' guide and distribution of 5,000 copies.

Pt IX · col B
03

Worked on community betterment including litter removal, flower planting maintenance, set up of the unique "painting with lights" holiday decorations, and the high school scholarship program. Hundreds of volunteer hours were utilized.

Pt IX · col B

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 1 funder$11K
Grants paid · 12 grants · $228K · 2020–2024
Iowa Wood Preservers INCFY2024$50,000
Unitemized GrantFY2024$33,250
Mahaska Futureview INCIA · FY2024$6,000
City of OskaloosaFY2024$5,500
Unitemized GrantFY2023$24,750
Individual RecipientFY2023$24,500
H&r BlockFY2023$10,500
Mahaska Futureview INCIA · FY2023$5,200
Unitemized GrantFY2022$25,000
Mahaska Futureview INCIA · FY2022$5,100
Unitemized GrantFY2021$21,000
Unitemized GrantFY2020$17,500

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$698K
Ln 12
Gifts and grantsLn 1h$530K
Fees for servicesLn 2g$159K
Investment incomeLn 3$5K
Money outPt IX
$536K
Ln 25
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$718K
Total assetsLn 16$1.7M
LiabilitiesLn 26$115K
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$530K
Government grantsLn 1e$79K
Fees for servicesLn 2g$159K
Investment incomeLn 3$5K
Other incomeLn 4–11$3K
Total revenueLn 12$698K
Assets in detailPt X, end of year
CashLn 1$718K
Cash and savings togetherLn 1–2$718K
InvestmentsLn 11–13$358K
Land, buildings, equipmentLn 10c$575K
Total assetsLn 16$1.7M
LiabilitiesLn 26$115K
Net assetsLn 32$1.6M
OperationsPt I, VI
EmployeesI 55
VolunteersI 6383
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$740K$718K
InvestmentsLn 11–13$274K$358K
Land, buildings, equipmentLn 10c$596K$575K
Total assetsLn 16$1.6M$1.7M
LiabilitiesLn 26$121K$115K
Net assetsLn 32$1.5M$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5K
Grants to domestic individualsLn 2$25K
Pay of current officers, directors and key staffLn 5$63K
Other salaries and wagesLn 7$100K
Pension plan contributionsLn 8$5K
Other employee benefitsLn 9$11K
Payroll taxesLn 10$10K
Accounting feesLn 11c$6K
Other fees for servicesLn 11g$136K
Advertising and promotionLn 12$33K
Office expensesLn 13$9K
OccupancyLn 16$59K
TravelLn 17$5K
InterestLn 20$727
Depreciation, depletion and amortizationLn 22$21K
InsuranceLn 23$862
Other expenses (24a–d)Ln 24$42K
All other expensesLn 24e$3K
Total functional expensesLn 25$536K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $734K$622K$112K$2.3M 990 PDF
FY2023 $711K$555K$156K$1.9M 990 PDF
FY2022 Viewing $698K$536K$163K$1.6M 990 PDF
FY2021 $703K$416K$287K$1.5M 990 PDF
FY2020 $527K$372K$155K$1.2M 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 FY2022 990 (6 parts)
Part I · Summary $698,154 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $589,655$530,383
I-9 Program service revenue$159,034
I-10 Investment incomePrior year $2,584$5,277
I-11 Other revenuePrior year $110,925$3,460
I-12 Total revenuePrior year $703,164$698,154
I-13 Grants and similar amounts paidPrior year $21,000$30,100
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $194,325$189,782
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $200,793$315,744
I-18 Total expensesPrior year $416,118$535,626
I-19 Revenue less expensesPrior year $287,046$162,528
Part VI · Governance 14 of 14 board members independent, 1 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $698,154 across 8 lines filed
VIII-1b Membership dues$205,690
VIII-1e Government grants$78,608
VIII-1f All other contributions, gifts and grants$246,085
VIII-1h Total contributions, gifts and grants$530,383
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $159,034$159,034
VIII-3 Investment incomeExcluded from tax $5,277$5,277
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $3,460$3,460
VIII-12 Total revenueRelated to mission $159,034 · Excluded from tax $8,737$698,154
Part IX · Statement of functional expenses $535,626 across 18 lines filed
IX-1 Grants to domestic organizations$5,100
IX-2 Grants to domestic individuals$25,000
IX-5 Pay of current officers, directors and key staff$62,881
IX-7 Other salaries and wages$100,332
IX-8 Pension plan contributions$5,132
IX-9 Other employee benefits$11,399
IX-10 Payroll taxes$10,038
IX-11c Accounting fees$5,615
IX-11g Other fees for services$136,437
IX-12 Advertising and promotion$32,704
IX-13 Office expenses$8,820
IX-16 Occupancy$59,261
IX-17 Travel$5,493
IX-20 Interest$727
IX-22 Depreciation, depletion and amortization$20,899
IX-23 Insurance$862
IX-24 Other expenses (24a–d)$41,841
IX-24e All other expenses$3,085
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$535,626
Part X · Balance sheet $1,694,459 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $740,413$717,860
X-4 Accounts receivableStart of year $13,130$42,599
X-9 Prepaid expenses and deferred charges$50
X-10c Land, buildings and equipment, netStart of year $596,369$575,469
X-11 Publicly traded securitiesStart of year $273,877$358,481
X-16 Total assetsStart of year $1,623,789$1,694,459
X-17 Accounts payable and accrued expensesStart of year $32,624$27,964
X-19 Deferred revenueStart of year $88,196$87,394
X-26 Total liabilitiesStart of year $120,820$115,358
X-32 Total net assets or fund balancesStart of year $1,502,969$1,579,101
X-33 Total liabilities and net assetsStart of year $1,623,789$1,694,459
Part XI · Reconciliation of net assets $1,579,101 net assets at year end
XI-1 Total revenue$698,154
XI-2 Total expenses$535,626
XI-3 Revenue less expenses$162,528
XI-4 Net assets at start of year$1,502,969
XI-5 Net unrealized gains (losses) on investments−$86,396
XI-10 Net assets at end of year$1,579,101

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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