Waucoma Community Development Group EIN 46-4956797 Form 990 (PDF) Claim this org

Waucoma Community Development Group

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Provides a free event space for local nonprofits and community betterment. For fiscal year 2024 it reported $118K in revenue, $108K in expenses, and $861K in net assets.Pt I

Type
Public charity (501(c)(3)) · Public & Societal Benefit
Location
Waucoma, IA
Filings
5 on file (2020–2024)
Revenue
$118KFY2024
Expenses
$108K
Net assets
$861K
People
9
Filings
5
Updates
0
More identity details & actions ⌄
EIN  46-4956797 Public charity (501(c)(3)) Waucoma, IA
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides a free event space for local nonprofits and community betterment.
Leadership
Marlene Klemp · Secretary/Tr · $11K
Money in and out
$118K revenue, $108K expenses
Bottom line
100% program efficiency
Where the money goes · FY2024
Total revenue
$118K
Pt VIII · Ln 12
Total expenses
$108K
Pt IX · Ln 25
Net assets
$861K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $10K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs▲ +3% vs prior filing year
Operating runway
29.2mo
months of highly liquid reserves at operating expense rate▲ +5% vs prior filing year
Surplus margin
+9%
revenue over expenses, this year▲ +329% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$118K
FY2024▲ +19%
Expenses
$108K
FY2024▲ +4%
Total assets
$861K
FY2024▲ +1%
Total liabilities
$0
FY2024
Total revenue
$118K
Pt VIII · Ln 12
Total expenses
$108K
Pt IX · Ln 25
Net assets
$861K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$10K
Total assetsPt X · Ln 16$861K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWaucoma Community Development Group
EINHdr · item D46-4956797
Principal addressHdr · item CWaucoma, 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 BMFPublic & Societal Benefit (W99)
Ruling yearIRS BMFAug 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Secretary/Tr
$10,800Pt VII · Sec A
Vice Preside
$2,700Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Marlene Klemp’s $11K as Secretary/Tr is at the 10th percentile of top reported officer pay among 1033 $100K–1M public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Marlene Klemp$10,800$10,000$10,200$9,600
Kevin Kleve$2,700$2,500$2,550$3,400

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

1 program service account for $108K of program spending, described in the organization's own filed words · FY2024.
01

The event center will be used for receptions, dances, meetings, dance classes, and other educational opportunities. It will be rent free for other area not-for-profits and once the building is paid off, the organization hopes to contribute to the betterment of their community.

$108Kprogram expense

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Statement of Revenue

Part VIII
Other revenue$64K · 54%
Program service revenue$43K · 37%
Investment income$10K · 8%
Contributions & grants$2K · 1%
Other revenue54%$64K
Program service revenue37%$43K
Investment income8%$10K
Contributions & grants1%$2K
Total revenueLn 12$118K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$108K
Total functional expensesLn 25$108K

Balance Sheet

Part X · end of year
CashLn 1$262K
Total assetsLn 16$861K
Total liabilitiesLn 26$0
Total net assetsLn 32$861K
Months of cash on handcomputed29.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $262K · Operating expenses/yr $108K
29.2 months
Where the money goes
Program services
Program services $108K · Total expenses $108K
100%
Management & General
Management & general $0 · Total expenses $108K
0%
Fundraising
Fundraising $0 · Total expenses $108K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $2K · Solicited contributions (3-yr avg) $1K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $2K · Total revenue $118K
1%
Government reliance
Government grants — · Total revenue $118K
Earned-income share
Program service revenue $43K · Total revenue $118K
37%
Investment reliance
Investment income $10K · Total revenue $118K
+8%
Program self-sufficiency
Program service revenue $43K · Total expenses $108K
40%
Growth & trend
Revenue growth (YoY)
This year $118K · Prior year $99K
+19%
Revenue CAGR
FY2020 $61K · FY2024 $118K
+18%
Net-asset trend (YoY)
End of year $861K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $118K · Expenses $108K
+9%
Liabilities-to-Assets
Total liabilities — · Total assets $861K
Net-asset ratio
Net assets $861K · Total assets $861K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $861K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Marlene Klemp · Reported title SECRETARY/TR · Highest reported compensation $11K · Total expenses $108K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $15K · Total expenses $108K
14%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth 19%
Accounting fee ratio 0.8%

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
FY2024 (Latest)$118K revenue · viewing · ⤓ 990 PDF
FY2023$99K revenue · ⤓ 990 PDF
FY2022$103K revenue · ⤓ 990 PDF
FY2021$100K revenue · ⤓ 990 PDF
FY2020$61K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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