Shift Atl INC FY2023 filing

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To revitalize atlantic iowa through projects, services, and programs that will enhance the community and foster a sense of development and growth.

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 84-2201779) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists 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
3 of 4
filings with a surplus
Average surplus $104K a year · 40% of revenue · last 4 filings
A surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
98%
of spending
98% of spending went to programs.
Pt IX · Ln 25 · col B
48.9 mo
of spending, in cash
48.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $3K
2 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$100K
11% of total assets
Liabilities are 11% of assets.
Pt X · Ln 26
Independent board members
3
of 3 voting members
3 of 3 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$331K
+12% vs prior year
Spent
$92K
To programs
98%
Net assets
$819K
By yearFY2021–FY2024
Revenue
$331K
FY2023▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2021$300K
FY2022$296K
FY2023$331K
FY2024$113K
Expenses
$92K
FY2023▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2021$51K
FY2022$80K
FY2023$92K
FY2024$402K
Net assets
$819K
FY2023▲ +41%
Tap a bar for its year
Net assets by fiscal year
FY2021$364K
FY2022$580K
FY2023$819K
FY2024$530K

From the FY2023 Form 990 · see the original

You’re viewing the FY2023 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 Jul 2019.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $90K Management & general 2% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Shift Atl INC 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 15aNo

Programs and updates

Revitalizes Atlantic, Iowa, with projects and services fostering community development and growth.

Questions for Shift Atl INC

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3 programs · $90K · in their own filed words · FY2023
01

Shift atl has purchased a building in downtown atlantic iowa to restore and to be used for a conference building and a air BNB. All of the expenses have been capitalized.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 84-2201779) · Dispute this line
$43Kprogram expense
02

Shift atl buys has assisted in another nonprofit "vision atlantic" whose vision and mission is directly related to that of shift atl.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 84-2201779) · Dispute this line
$25Kprogram expense
03

Shift atl has purchased the rights to the sunnyside putt putt facility to keep the service of the facility open to the community.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 84-2201779) · Dispute this line
$22Kprogram expense

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 · FY2023
Total grants receivedfrom 2 funders$3K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$331K
Ln 12
Gifts and grantsLn 1h$306K
Other incomeLn 4–11$25K
Investment incomeLn 3$271
Money outPt IX
$92K
Ln 25
Programscol B$90K
Managementcol C$2K
Owns and owesPt X
$819K
net assets · Ln 32
Cash and savingsLn 1–2$375K
Total assetsLn 16$919K
LiabilitiesLn 26$100K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$306K
Investment incomeLn 3$271
Other incomeLn 4–11$25K
Total revenueLn 12$331K
Assets in detailPt X, end of year
CashLn 1$375K
Cash and savings togetherLn 1–2$375K
Inventories for sale or useLn 8$128K
Land, buildings, equipmentLn 10c$416K
Total assetsLn 16$919K
LiabilitiesLn 26$100K
Net assetsLn 32$819K
OperationsPt I, VI
EmployeesI 514
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$164K$375K
Land, buildings, equipmentLn 10c$426K$416K
Total assetsLn 16$589K$919K
LiabilitiesLn 26$10K$100K
Net assetsLn 32$580K$819K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$25K$25K
Other salaries and wagesLn 7$14K$14K$0$0
Payroll taxesLn 10$1K$1K$0$0
Accounting feesLn 11c$2K$2K$0$0
Advertising and promotionLn 12$1K$1K$0$0
Office expensesLn 13$4K$2K$1K$0
OccupancyLn 16$26K$26K$0$0
Conferences, conventions and meetingsLn 19$470$470$0$0
Depreciation, depletion and amortizationLn 22$14K$14K$0$0
InsuranceLn 23$1K$1K$0$0
Other expenses (24a–d)Ln 24$2K$1K$469$0
Total functional expensesLn 25$92K$90K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 6, 2025 $113K$402K−$290K$530K 990 PDF
FY2023 ViewingFiled with the IRS Jun 13, 2024 $331K$92K$239K$819K 990 PDF
FY2022Filed with the IRS May 15, 2023 $296K$80K$216K$580K 990 PDF
FY2021Filed with the IRS Oct 6, 2022 $300K$51K$249K$364K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $331,245 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $220,157$305,876
I-9 Program service revenue$0
I-10 Investment incomePrior year −$7,560$271
I-11 Other revenuePrior year $83,507$25,098
I-12 Total revenuePrior year $296,104$331,245
I-13 Grants and similar amounts paid$25,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$14,993
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $79,723$52,013
I-18 Total expensesPrior year $79,723$92,006
I-19 Revenue less expensesPrior year $216,381$239,239
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $331,245 across 6 lines filed
Lines not itemized here account for $20,634 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$305,876
VIII-1h Total contributions, gifts and grants$305,876
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$271
VIII-6 Net rental income or lossRelated to mission −$678−$678
VIII-8 Net income from fundraising eventsUnrelated business $5,142 · Excluded from tax $0$5,142
VIII-12 Total revenueRelated to mission $20,227 · Unrelated business $5,142 · Excluded from tax $0$331,245
Part IX · Statement of functional expenses $92,006 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $25,000$25,000
IX-7 Other salaries and wagesPrograms $13,792 · Management $0 · Fundraising $0$13,792
IX-10 Payroll taxesPrograms $1,201 · Management $0 · Fundraising $0$1,201
IX-11c Accounting feesPrograms $2,474 · Management $0 · Fundraising $0$2,474
IX-12 Advertising and promotionPrograms $1,008 · Management $0 · Fundraising $0$1,008
IX-13 Office expensesPrograms $2,437 · Management $1,403 · Fundraising $0$3,840
IX-16 OccupancyPrograms $26,451 · Management $0 · Fundraising $0$26,451
IX-19 Conferences, conventions and meetingsPrograms $470 · Management $0 · Fundraising $0$470
IX-22 Depreciation, depletion and amortizationPrograms $14,466 · Management $0 · Fundraising $0$14,466
IX-23 InsurancePrograms $1,486 · Management $0 · Fundraising $0$1,486
IX-24 Other expenses (24a–d)Programs $1,349 · Management $469 · Fundraising $0$1,818
IX-25 Total functional expensesPrograms $90,134 · Management $1,872 · Fundraising $0$92,006
Part X · Balance sheet $919,132 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $163,814$375,090
X-8 Inventories for sale or useStart of year $0$128,129
X-10c Land, buildings and equipment, netStart of year $425,642$415,913
X-16 Total assetsStart of year $589,456$919,132
X-17 Accounts payable and accrued expenses$10
X-24 Unsecured notes and loans payable$100,000
X-25 Other liabilitiesStart of year $9,573$0
X-26 Total liabilitiesStart of year $9,573$100,010
X-31 Retained earnings or endowmentStart of year $579,883$819,122
X-32 Total net assets or fund balancesStart of year $579,883$819,122
X-33 Total liabilities and net assetsStart of year $589,456$919,132
Part XI · Reconciliation of net assets $819,122 net assets at year end
XI-1 Total revenue$331,245
XI-2 Total expenses$92,006
XI-3 Revenue less expenses$239,239
XI-4 Net assets at start of year$579,883
XI-10 Net assets at end of year$819,122

Form 990 e-file FY2023 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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