Ssmid II EIN 45-5630917 Form 990 (PDF) Claim this org

Ssmid II FY2020 filing

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Revitalizes downtown Clinton, Iowa, supporting businesses and combating deterioration. For fiscal year 2020 it reported $149K in revenue, $117K in expenses, and $53K in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Clinton, IA
Filings
5 on file (2020–2020)
Revenue
$149KFY2020
Expenses
$117K
Net assets
$53K
People
9
Filings
5
Updates
0
More identity details & actions ⌄
EIN  45-5630917 Public charity (501(c)(3)) Clinton, IA
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Revitalizes downtown Clinton, Iowa, supporting businesses and combating deterioration.
Leadership
Tim Clark · President
Money in and out
$149K revenue, $117K expenses
Bottom line
71% program efficiency
Where the money goes · FY2020
Total revenue
$149K
Pt VIII · Ln 12
Total expenses
$117K
Pt IX · Ln 25
Net assets
$53K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $32K
Where spending went · Part IX cols B–D
Program services $0.71 Management & general $0.29
Program efficiency
71%
of spending reaches programs
Operating runway
5.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+21%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$149K
FY2020
Expenses
$117K
FY2020
Total assets
$64K
FY2020
Total liabilities
$10K
FY2020
Total revenue
$149K
Pt VIII · Ln 12
Total expenses
$117K
Pt IX · Ln 25
Net assets
$53K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$32K
Total assetsPt X · Ln 16$64K
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

2 program services account for $115K of program spending, described in the organization's own filed words · FY2020.
01

Beautification of downtown clinton, including landscaping, planters,

$111Kprogram expense
02

Downtown activities to encourage people to attend downtown events and

$4Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSsmid II
EINHdr · item D45-5630917
Principal addressHdr · item CClinton, IA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S99)
Ruling yearIRS BMFNov 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Ssmid II executive salaries →

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Statement of Revenue

Part VIII
Program service revenue$116K · 77%
Investment income$34K · 23%
Program service revenue77%$116K
Investment income23%$34K
Total revenueLn 12$149K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.29
Program services71%$83K
Management & general29%$34K
Total functional expensesLn 25$117K

Balance Sheet

Part X · end of year
CashLn 1$58K
Total assetsLn 16$64K
Total liabilitiesLn 26$10K
Total net assetsLn 32$53K
Months of cash on handcomputed5.9

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $58K · Operating expenses/yr $117K
5.9 months
Where the money goes
Program services
Program services $83K · Total expenses $117K
71%
Management & General
Management & general $34K · Total expenses $117K
29%
Fundraising
Fundraising $0 · Total expenses $117K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $149K
0%
Government reliance
Government grants — · Total revenue $149K
Earned-income share
Program service revenue $116K · Total revenue $149K
77%
Investment reliance
Investment income $34K · Total revenue $149K
+23%
Program self-sufficiency
Program service revenue $116K · Total expenses $117K
99%
Growth & trend
Revenue growth (YoY)
This year $149K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $53K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $149K · Expenses $117K
+21%
Liabilities-to-Assets
Total liabilities — · Total assets $64K
Net-asset ratio
Net assets $53K · Total assets $64K
84%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $64K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Tim Clark · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $117K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $31K · Total expenses $117K
26%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 71%
Overhead ratio 29%
Legal fee ratio 1%

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 · this organization's grantmaking
Grants paid · 1 grant · $23K · 2024–2024
Unitemized GrantFY2024$23,017

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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
FY2024 (Latest)$160K revenue · ⤓ 990 PDF
FY2023$139K revenue · ⤓ 990 PDF
FY2022$152K revenue · ⤓ 990 PDF
FY2021$144K revenue · ⤓ 990 PDF
FY2020$149K 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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