Cedar Skyline Corporation
- Assets
- $171.5k
- Revenue
- $358.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Waterloo, IA
- Founding
- 09/1988
- Data as of
- 12/2022
- EIN
- 23-7125291
Organization Overview
Cedar Skyline Corporation is located in Waterloo, IA. The organization was established in 1988. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Cedar Skyline Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedar Skyline Corporation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Cedar Skyline Corporation generated $358.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $369.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN THE OVERALL SOCIAL AND ECONOMIC HEALTH OF THE WATERLOO DOWNTOWN BUSINESS DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF BUSINESS AND COMMUNITY DEVELOPMENT OF THE DOWNTOWN BUSINESS DISTRICT IN WATERLOO, IOWA ACCOMPLISHED THROUGH MARKETING AND PROMOTIONAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zach Hansen President | OfficerTrustee | 1.5 | $0 |
Blake Hamer Past President | OfficerTrustee | 1.5 | $0 |
Samantha Meier Vice President | OfficerTrustee | 1.5 | $0 |
Daniel Jansen Treasurer | OfficerTrustee | 1.5 | $0 |
David Deeds Director | Trustee | 0.2 | $0 |
Brendon Wagner Director | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $60,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,877 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $160,877 |
| Total Program Service Revenue | $160,471 |
| Investment income | $16 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,113 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $15,708 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $358,867 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $53,791 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,384 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $460 |
| Payroll taxes | $5,675 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,427 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,317 |
| Advertising and promotion | $0 |
| Office expenses | $18,199 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,127 |
| Travel | $3,268 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,608 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,616 |
| Insurance | $7,255 |
| All other expenses | $9,000 |
| Total functional expenses | $369,222 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,714 |
| Savings and temporary cash investments | $212 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,795 |
| Loans from Officers, Directors, or Controlling Persons | $3,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $111,777 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $171,498 |
| Accounts payable and accrued expenses | $113 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $152,064 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $152,177 |
| Net assets without donor restrictions | $19,321 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $171,498 |