Minburn Community Betterment Group
- Assets
- $4.5k
- Revenue
- $227.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Minburn, IA
- Founding
- 08/2010
- Data as of
- 12/2018
- EIN
- 26-1093778
Organization Overview
Minburn Community Betterment Group is located in Minburn, IA. The organization was established in 2010. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minburn Community Betterment Group is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2018
Describe the Organization's Mission:
Part 3 - Line 1
THE MINBURN COMMUNITY BETTERMENT GROUP MISSION IS TO IMPROVE THE MINBURN COMMUNITY AND THE LIFE OF ITS CITIZENS, WHILE PRESERVING THE HISTORY AND CULTURE OF ITS PAST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MCBG AND THE CITY OF MINBURN HAVE BEEN WORKING TO PRESERVE, RESTORE, AND RENOVATE A 100 PLUS YEAR OLD BRICK TRAIN DEPOT. THIS DEPOT IS NOW A TRAIL HEAD FOR THE RACCOON RIVER VALLEY BIKE TRIAL AND A CAFE. MCBG RECEIVED A GRANT IN THE FORM OF A HISTORIC PRESERVATION TAX CREDIT FROM THE IOWA DEPARTMENT OF CULTURAL AFFAIRS. THE ENTIRE GRANT WAS THEN USED TO PAY DOWN THE LOAN ON THE RENOVATIONS OF THE DEPOT. THE RENOVATED DEPOT BENEFITS ALL CITIZENS OF MINBURN BY PRESERVING THIS IMPORTANT HISTORICAL BUILDING, AS WELL AS THE THOUSANDS OF USERS OF THE RACCOON RIVER VALLEY BIKE TRIAL BY PROVIDING A SAFE AND WELCOMING STOP ALONG THE TRAIL.
THE MINBURN COMMUNITY BETTERMENT GROUP SPONSORED THREE SUMMER CONCERTS AVAILABLE FOR FREE TO ANY CITIZENS OF THE COMMUNITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Bennett Director | Trustee | 0 | $0 |
Kris Fitch Director | Trustee | 0 | $0 |
Megan Cline Treasurer | Officer | 5 | $0 |
Heather Rowe President | Officer | 1 | $0 |
Pam Cummins Vice President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $225,664 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,565 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $227,229 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $227,229 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $225,664 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $42 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $227,106 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,475 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,475 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,475 |
| Total liabilities | $4,475 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |