Riverloop Association Inc
- Assets
- $151.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Waterloo, IA
- Founding
- 07/2014
- EIN
- 26-4618040
Organization Overview
Riverloop Association Inc is located in Waterloo, IA. The organization was established in 2014. According to its NTEE Classification (S30) the organization is classified as: Economic 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. Riverloop Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending undefined, Riverloop Association Inc generated $21.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.1%) each year. All expenses for the organization totaled $25.0k during the year ending undefined. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
Describe the Organization's Program Activity:
Part 3
PROMOTION OF THE DOWNTOWN RIVERLOOP AMPHITHEATER AND EXPO GROUNDS, ECONOMIC DEVELOPMENT THROUGH RECRUITMENT OF EVENTS TO BE HELD AT EACH SPACE, AND GUIDANCE OF THE DEVELOPMENT AND USE OF THE AMPHITHEATER AND EXPO PROPERTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kent Shankle President | 0.5 | $0 | |
Jim Walsh Secretary | 0.5 | $0 | |
Paul Huting Director | 0.5 | $0 | |
Tavis Hall Treasurer | 0.5 | $0 | |
Jessica Rucker Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,750 |
| Membership dues | $0 |
| Investment income | $10 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,705 |
| Total Revenue | $21,887 |
| Statement of Expenses | |
|---|---|
| Total expenses | $25,049 |
| Balance Sheet | |
|---|---|
| Total assets | $151,672 |
| Total liabilities | $13,846 |
| Net assets or fund balances | $137,826 |