Fusedsm FY2020 filing

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The chamber promotes business and economic development on the south, east, and north sides of des moines.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 42-6098416) · Dispute this line
501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$72K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $20K a year · 9% of revenue · last 4 filings
A surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Pay to officers and key staff
$72K
to officers and key staff · 44% of spending
Pay to officers and key staff is 44% of spending.
Part VII, Section A
3.1 mo
of spending, in cash
3.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $3K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$64K
151% of total assets
Liabilities are 151% of assets.
Pt X · Ln 26
Independent board members
14
of 14 voting members
14 of 14 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$151K
Spent
$165K
Net assets
−$22K
By yearFY2020–FY2024
Revenue
$151K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$151K
FY2022$204K
FY2023$321K
FY2024$243K
Expenses
$165K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$165K
FY2022$245K
FY2023$310K
FY2024$281K
Net assets
−$22K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$22K
FY2022−$101K
FY2023−$90K
FY2024−$127K

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 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 ruling in Nov 1980.

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; $72K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$71,768Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
2nd Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Past Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Chairman of the Board
$0Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2020
Trish Flaherty-Barnes$59,663$89,534$78,000$71,768

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.

See Fusedsm executive salaries →

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

Promotes business and economic development across Des Moines' South, East, and North sides.

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1 program · in their own filed words · FY2020
01

The chamber promotes business and economic development on the south, east, and north sides of des moines, iowa. The organization holds meetings and activities to promote working relationships within the mebership as well as providing information relevant to the south, east, and north side communities in des moines, iowa.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 42-6098416) · Dispute this line
Pt IX · Ln 25 · col B

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2020
Total grants receivedfrom 1 funder$3K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$151K
Ln 12
Gifts and grantsLn 1h$113K
Other incomeLn 4–11$23K
Fees for servicesLn 2g$15K
Money outPt IX
$165K
Ln 25
Owns and owesPt X
−$22K
net assets · Ln 32
Cash and savingsLn 1–2$42K
Total assetsLn 16$43K
LiabilitiesLn 26$64K
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$113K
Fees for servicesLn 2g$15K
Investment incomeLn 3$2
Other incomeLn 4–11$23K
Total revenueLn 12$151K
Assets in detailPt X, end of year
CashLn 1$42K
Cash and savings togetherLn 1–2$42K
Prepaid expenses and deferred chargesLn 9$250
Total assetsLn 16$43K
LiabilitiesLn 26$64K
Net assetsLn 32−$22K
OperationsPt I, VI
EmployeesI 54
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$48K$42K
Total assetsLn 16$48K$43K
LiabilitiesLn 26$56K$64K
Net assetsLn 32−$8K−$22K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3K
Pay of officers and key staff (Part IX, line 5)Ln 5$78K
Other salaries and wagesLn 7$22K
Pension plan contributionsLn 8$620
Other employee benefitsLn 9$2K
Payroll taxesLn 10$9K
Accounting feesLn 11c$3K
Advertising and promotionLn 12$909
Office expensesLn 13$2K
Information technologyLn 14$3K
TravelLn 17$1K
Conferences, conventions and meetingsLn 19$1K
InsuranceLn 23$2K
Other expenses (24a–d)Ln 24$25K
All other expensesLn 24e$11K
Total functional expensesLn 25$165K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 14, 2025 $243K$281K−$38K−$127K 990 PDF
FY2023Filed with the IRS Nov 7, 2024 $321K$310K$11K−$90K 990 PDF
FY2022Filed with the IRS Oct 2, 2023 $204K$245K−$41K−$101K 990 PDF
FY2021 Not on file
FY2020 ViewingFiled with the IRS Sep 9, 2021 $151K$165K−$14K−$22K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $150,844 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $113,710$113,069
I-9 Program service revenuePrior year $20,741$14,552
I-10 Investment incomePrior year $0$2
I-11 Other revenuePrior year $34,630$23,221
I-12 Total revenuePrior year $169,081$150,844
I-13 Grants and similar amounts paidPrior year $5,094$3,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $145,559$111,821
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $75,475$49,763
I-18 Total expensesPrior year $226,128$164,584
I-19 Revenue less expensesPrior year −$57,047−$13,740
Part VI · Governance 14 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $150,844 across 7 lines filed
VIII-1b Membership dues$113,069
VIII-1h Total contributions, gifts and grants$113,069
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $14,552$14,552
VIII-3 Investment incomeExcluded from tax $2$2
VIII-8 Net income from fundraising eventsExcluded from tax $14,004$14,004
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $9,217$9,217
VIII-12 Total revenueRelated to mission $23,769 · Unrelated business $0 · Excluded from tax $14,006$150,844
Part IX · Statement of functional expenses $164,584 across 15 lines filed
IX-1 Grants to domestic organizations$3,000
IX-5 Pay of officers and key staff (Part IX, line 5)$77,521
IX-7 Other salaries and wages$22,301
IX-8 Pension plan contributions$620
IX-9 Other employee benefits$2,050
IX-10 Payroll taxes$9,329
IX-11c Accounting fees$2,934
IX-12 Advertising and promotion$909
IX-13 Office expenses$1,974
IX-14 Information technology$2,827
IX-17 Travel$1,306
IX-19 Conferences, conventions and meetings$1,404
IX-23 Insurance$2,032
IX-24 Other expenses (24a–d)$25,405
IX-24e All other expenses$10,972
IX-25 Total functional expenses$164,584
Part X · Balance sheet $42,511 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $47,560$42,261
X-9 Prepaid expenses and deferred chargesStart of year $188$250
X-16 Total assetsStart of year $47,748$42,511
X-17 Accounts payable and accrued expensesStart of year $7,583$967
X-19 Deferred revenueStart of year $48,116$38,335
X-25 Other liabilitiesStart of year $0$24,900
X-26 Total liabilitiesStart of year $55,699$64,202
X-27 Net assets without donor restrictionsStart of year −$7,951−$21,691
X-32 Total net assets or fund balancesStart of year −$7,951−$21,691
X-33 Total liabilities and net assetsStart of year $47,748$42,511
Part XI · Reconciliation of net assets −$21,691 net assets at year end
XI-1 Total revenue$150,844
XI-2 Total expenses$164,584
XI-3 Revenue less expenses−$13,740
XI-4 Net assets at start of year−$7,951
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$21,691

Form 990 e-file FY2020 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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