Sheldon Chamber & Deveopment Corp
- Assets
- $5.1m
- Revenue
- $558.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Sheldon, IA
- Founding
- 06/1972
- Data as of
- 12/2021
- EIN
- 42-0984599
Organization Overview
Sheldon Chamber & Deveopment Corp is located in Sheldon, IA. The organization was established in 1972. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Sheldon Chamber & Deveopment Corp employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sheldon Chamber & Deveopment Corp is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Sheldon Chamber & Deveopment Corp generated $558.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $417.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.2%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SHELDON CHAMBER AND DEVELOPMENT CORPORATION STANDS BY THE MISSION TO PROMOTE A LASTING COMMUNITY "WHERE FAMILIES COME FIRST". AS WITH ANY BUSINESS, WE ARE CONSTANTLY WORKING TO PROVIDE HIGH-QUALITY PROGRAMS, SERVICES, AND AMENITIES WITHIN THE SHELDON COMMUNITY. BY PARTNERING WITH THE SCDC, YOU ARE DIRECTLY SUPPORTING OUR ONGOING EFFORTS IN MAKING SHELDON A BETTER PLACE TO LIVE, WORK, AND CONDUCT BUSINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL COMMUNITY AND TRADE DEVELOPMENT THROUGH THE OPERATION AS A CHAMBER OF COMMERCE FOR THE CITY OF SHELDON
ECONOMIC DEVELOPMENT THROUGH THE OPERATION OF A REVOLVING LOAN FUND PROVIDING FINANCING TO LOCAL BUSINESSES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trevor Guttula President | OfficerTrustee | 1 | $0 |
Mark Brown Secretary/tr | OfficerTrustee | 1 | $0 |
Justin Jonas Vice Preside | OfficerTrustee | 1 | $0 |
Curt Strouth Executive Di | Officer | $0 | |
Gered DE Hoogh Director | Trustee | 1 | $0 |
Melissa Remme-Bohrer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $127,395 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $59,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $186,495 |
| Total Program Service Revenue | $275,256 |
| Investment income | $23,951 |
| 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 | $558,158 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $91,062 |
| Other salaries and wages | $72,939 |
| Pension plan accruals and contributions | $2,001 |
| Other employee benefits | $0 |
| Payroll taxes | $5,670 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,392 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $140,353 |
| Office expenses | $9,340 |
| 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 | $4,925 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,510 |
| Insurance | $5,083 |
| All other expenses | $2,284 |
| Total functional expenses | $417,592 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,552 |
| Savings and temporary cash investments | $2,117,300 |
| 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 | $590,800 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,382 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,327,348 |
| Total assets | $5,090,382 |
| Accounts payable and accrued expenses | $9,260 |
| Grants payable | $0 |
| Deferred revenue | $12,546 |
| 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 | $2,864,086 |
| Other liabilities | $37,026 |
| Total liabilities | $2,922,918 |
| Net assets without donor restrictions | $2,167,464 |
| 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 | $5,090,382 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Milwaukee Electrical Industry Vacation - Holiday Plan Wauwatosa, WI | $15,465,835 | $13,612,321 |
Northeast Nebraska Community Action Partnership Inc Pender, NE | $3,455,970 | $8,987,958 |
Seton Property Corporation Of North Alabama St Louis, MO | $50,940,533 | $5,932,254 |
Gopher State One-Call Inc Minneapolis, MN | $13,617,385 | $7,412,499 |
Downtown Parking Management Inc Cedar Rapids, IA | $2,652,564 | $2,696,142 |
St Marys Building Corporation St Louis, MO | $40,020,947 | $3,125,452 |
Providence Building Corporation Inc St Louis, MO | $6,600,443 | $3,711,993 |
Austin Peoples Action Center Chicago, IL | $1,169,247 | $2,618,671 |
Scott County Regional Authority Bettendorf, IA | $3,455,493 | $3,293,735 |
Choose Chicago Foundation Chicago, IL | $859,781 | $2,550,000 |
Delta Institute Chicago, IL | $8,129,187 | $1,847,841 |
Experimental Station Chicago, IL | $1,624,397 | $2,920,468 |