Southern Iowa Economic Development Association
- Assets
- $4.8m
- Revenue
- $15.3m
- Investments
- $0.0
- Employees
- 183
- Location
- Ottumwa, IA
- Founding
- 05/1968
- Data as of
- 06/2022
- EIN
- 42-0923813
Organization Overview
Southern Iowa Economic Development Association, operating under the name Sieda Community Action, is located in Ottumwa, IA. The organization was established in 1968. 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. As of 06/2022, Sieda Community Action employed 183 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sieda Community Action 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 06/2022, Sieda Community Action generated $15.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $14.8m during the year ending 06/2022. While expenses have increased by 4.3% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SIEDA COMMUNITY ACTION WORKS WITH COMMUNITIES TO SECURE OPPORTUNITIES FOR PEOPLE IN NEED THROUGH ADVOCACY, COUNSELING, EDUCATION, PARTNERSHIPS, AND SUPPORTIVE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENERGY ASSISTANCE:THE ENERGY ASSISTANCE PROGRAM IS AVAILABLE TO ASSIST WITH PARTIAL PAYMENT OF HEATING COSTS FOR QUALIFIED APPLICANTS. APPLICATIONS MAY BE MADE AT ANY OF THE NEIGHBORHOOD RESOURCE CENTERS. THE PROGRAM PROVIDES SEVERAL TYPES OF ASSISTANCE. THE AMOUNT OF THE PAYMENT IS BASED ON THE FAMILY INCOME, NUMBER OF INDIVIDUALS IN THE FAMILY, TYPE OF HOUSING AND TYPE OF HEATING FUEL USED. TOTAL INDIVIDUALS SERVED WERE 5,169 DURING FY 22.
CHILD EDUCATION:THE ORGANIZATION'S HEAD START PROGRAM IS A PRESCHOOL EXPERIENCE FOR LOW-INCOME AND DISABLED CHILDREN 3-5 YEARS OF AGE. HEAD START IS A HOLISTIC APPROACH TO EARLY CHILDHOOD EDUCATION THAT ADDRESSES NOT ONLY THE EDUCATIONAL NEEDS OF THE CHILDREN BUT ALSO THE HEALTH, NUTRITION, SOCIAL, MENTAL HEALTH AND LITERACY NEEDS AS WELL. MULTI-CULTURAL CLASSROOMS SERVE CHILDREN WHO ARE UNABLE TO SPEAK ENGLISH OR SPEAK ENGLISH AS A SECONDARY LANGUAGE.CHILDREN ATTEND PRESCHOOL CLASSES FOUR DAYS A WEEK. MEALS AND SNACKS ARE SERVED. IN ADDITION TO THE CLASSROOM ACTIVITIES, CHILDREN AND THEIR PARENTS TAKE PART IN FIELD TRIPS TO EXPOSE THEM TO EDUCATIONAL AND CULTURAL ACTIVITIES IN THEIR COMMUNITIES.
SUBSTANCE ABUSE:THE ORGANIZATION'S SUBSTANCE ABUSE SERVICES PROGRAM IS LICENSED BY THE IOWA DEPARTMENT OF PUBLIC HEALTH. BEHAVIORAL HEALTH AND TREATMENT SERVICES PROVIDES OUTPATIENT SUBSTANCE ABUSE TREATMENT AND EVALUATION SERVICES. THE PROGRAM BEGINS WITH THE THOROUGH EVALUATION OF THE TREATMENT NEEDS OF CLIENTS FOLLOWED BY THE DEVELOPMENT OF A COMPREHENSIVE TREATMENT PLAN INTENDED TO ADDRESS THE SPECIFIC CONCERNS IDENTIFIED BY THE CLIENT. AFTERCARE AND REFERRAL ARE ALSO AVAILABLE. WE SERVED 1,200 CLIENTS IN FY 22.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Dunn Executive Director | Officer | 50 | $100,755 |
Tammy Hotek Deputy Director | Officer | 50 | $87,477 |
Linsey Spoelstra Fiscal Officer (thru Jan 2022) | Officer | 45 | $70,540 |
Joy Prothero Chair | OfficerTrustee | 1 | $0 |
Sarah Hopkins Treasurer | OfficerTrustee | 1 | $0 |
Alicia Long Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jeffery Construction Weatherization Contractor | 6/29/22 | $139,697 |
Steve Ehrenhard Weatherization Contractor | 6/29/22 | $133,428 |
Sandegren Heating Furnace Replacement/repair Liheap Client | 6/29/22 | $107,140 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,868,049 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,252,416 |
| Noncash contributions included in lines 1a–1f | $78,131 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,120,465 |
| Total Program Service Revenue | $950,939 |
| Investment income | $242 |
| 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 | $15,262,424 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,650,367 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $292,144 |
| Compensation of current officers, directors, key employees. | $292,144 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,579,261 |
| Pension plan accruals and contributions | $430,159 |
| Other employee benefits | $487,747 |
| Payroll taxes | $540,771 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $275 |
| Fees for services: Accounting | $31,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $640,570 |
| Advertising and promotion | $9,961 |
| Office expenses | $788,325 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $254,945 |
| Travel | $67,753 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $46,387 |
| Interest | $1,530 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $94,158 |
| Insurance | $45,995 |
| All other expenses | $85,258 |
| Total functional expenses | $14,750,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $415,872 |
| Savings and temporary cash investments | $734,870 |
| Pledges and grants receivable | $2,396,479 |
| 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 | $7,500 |
| Prepaid expenses and deferred charges | $115,265 |
| Net Land, buildings, and equipment | $1,178,919 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,848,905 |
| Accounts payable and accrued expenses | $524,186 |
| Grants payable | $0 |
| Deferred revenue | $436,731 |
| 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 | $0 |
| Total liabilities | $960,917 |
| Net assets without donor restrictions | $3,887,988 |
| 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 | $4,848,905 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Southern Iowa Economic Development Association has recieved totaling $204,114.
| Awarding Organization | Amount |
|---|---|
Good360 Alexandria, VA PURPOSE: TO ASSIST THOSE IN NEED. | $183,859 |
Ottumwa Regional Legacy Foundation Inc Ottumwa, IA PURPOSE: NONPROFIT PANDEMIC SUPPORT FUND | $10,000 |
Ottumwa Regional Legacy Foundation Inc Ottumwa, IA PURPOSE: SIEDA COMMUNITY ACTION DIAPER BANK FY22 | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $255 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chicago Convention & Tourism Bureau Inc Chicago, IL | $13,640,210 | $19,015,508 |
Financial Health Network Inc Chicago, IL | $19,686,455 | $18,603,239 |
Southern Minnesota Initiative Foundation Owatonna, MN | $74,043,196 | $20,001,758 |
Vocational Development Center Inc Council Bluffs, IA | $12,984,673 | $16,204,305 |
Southern Iowa Economic Development Association Ottumwa, IA | $4,848,905 | $15,262,424 |
St Louis Economic Development Partnership Saint Louis, MO | $27,235,860 | $13,883,018 |
Crosswalk Community Action Agency Inc West Frankfort, IL | $2,780,027 | $11,762,821 |
Wisconsin Dells Visitor & Convention Bureau Wisconsin Dells, WI | $26,952,168 | $17,110,395 |
Convention & Visitors Bureau Of Greater Kansas City Kansas City, MO | $12,878,337 | $11,432,355 |
Wbd Inc Madison, WI | $14,868,892 | $9,399,155 |
Metropolitan Economic Development Association Minneapolis, MN | $45,113,584 | $12,064,856 |
Brighton Park Neighborhood Council Chicago, IL | $4,048,275 | $8,262,492 |