Iowa Limestone Producers Association Inc
- Assets
- $283.1k
- Revenue
- $571.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Urbandale, IA
- Founding
- 10/1948
- Data as of
- 06/2023
- EIN
- 42-0633191
Organization Overview
Iowa Limestone Producers Association Inc is located in Urbandale, IA. The organization was established in 1948. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Iowa Limestone Producers Association Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iowa Limestone Producers Association Inc 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 06/2023, Iowa Limestone Producers Association Inc generated $571.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $643.6k during the year ending 06/2023. While expenses have increased by 7.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING AND ADVANCING THE GENERAL WELFARE OF THE CRUSHED LIMESTONE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ANNUALLY HOLDS A GOLF OUTING AND A SUMMER OUTING. BOTH OUTINGS PROVIDE MEMBERS WITH AN OPPORTUNITY TO NETWORK AND SHARE THEIR KNOWLEDGE AND EXPERTISE. THESE ARE ALSO A VENUE FOR TWO OF SIX ANNUAL BOARD OF DIRECTOR MEETINGS. THE ASSOCIATION HOLDS AN ANNUAL CONFERENCE AND EXPO PROVIDING A VENUE FOR SOCIAL MEMBER INTERACTION AND EDUCATION PROGRAMS. MEMBERS ARE ABLE TO SHOW THE BENEFITS OF THEIR PRODUCTS AS WELL AS SEE WHAT IS AVAILABLE IN THE CURRENT TECHNOLOGY MARKET.
ONE OF THE ASSOCIATIONS PRIMARY FUNCTIONS IS THE PROMOTION OF THE BENEFITS AND USES OF LIMESTONE. THE ASSOCIATION EXHIBITS AT THE IOWA COUNTY ENGINEERS CONFERENCE, COUNTY SUPERVISORS CONFERENCE AND SCIENCE TEACHERS CONFERENCE, HAY AND FOLIAGE EXPO, FARM PROGRESS SHOW, AND A DAY AT THE STATE CAPITOL.
THE ASSOCIATION PROMOTES THE LIMESTONE INDUSTRY IMAGE THROUGH EDUCATION AND TRAINING, INVOLVEMENT WITH PLANNING AND ZONING ISSUES, AND STRENGTHENING GOVERNMENT RELATIONS. THESE EDUCATIONAL PROGRAMS ARE ALSO RELATED TO MINING SAFETY AND RELATED ISSUES. THE ASSOCIATION INITIATED A LEADERSHIP DEVELOPMENT PROGRAM IN 2019 FOR INDIVIDUALS REPRESENTING MEMBER COMPANIES. LED BY A FACILITATOR, THE PROGRAM IS DESIGNED TO ENHANCE SKILLS USEFUL IN BUSINESS AND ASSOCIATION LEADERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Olson Executive Di | OfficerTrustee | 45 | $119,007 |
Rob Manatt Director | Trustee | 0.3 | $0 |
Brian Dockery Director | Trustee | 0.3 | $0 |
Mike Bush Director | Trustee | 0.3 | $0 |
Shawn Krivachek Director | Trustee | 0.3 | $0 |
Chuck Manson Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,500 |
| Total Program Service Revenue | $542,136 |
| Investment income | $1,063 |
| 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 | $571,195 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $16,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $128,132 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $87,908 |
| Pension plan accruals and contributions | $3,770 |
| Other employee benefits | $1,856 |
| Payroll taxes | $16,070 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,255 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,203 |
| Advertising and promotion | $39,271 |
| Office expenses | $12,166 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,167 |
| Travel | $28,135 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $159,249 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,411 |
| Insurance | $6,004 |
| All other expenses | $2,372 |
| Total functional expenses | $643,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,109 |
| Savings and temporary cash investments | $202,427 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,755 |
| 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 | $29,768 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $283,059 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $17,000 |
| Deferred revenue | $10,769 |
| 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 | $5,463 |
| Total liabilities | $33,232 |
| Net assets without donor restrictions | $249,827 |
| 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 | $283,059 |