Dubuque Initiatives
- Assets
- $15.1m
- Revenue
- $283.7k
- Investments
- $10.0m
- Employees
- 0
- Location
- Dubuque, IA
- Founding
- 04/1985
- Data as of
- 12/2022
- EIN
- 42-1165790
Organization Overview
Dubuque Initiatives is located in Dubuque, IA. The organization was established in 1985. 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. Dubuque Initiatives 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 12/2022, Dubuque Initiatives generated $283.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $264.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (15.9%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ATTRACT INDUSTRY TO THE AREA AND PROVIDE LOCAL RESIDENTS WITH ECONOMIC OPPORTUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROGRAM SERVICE INCLUDES ATTRACTING INDUSTRY TO THE COMMUNITY AND SERVING THE NEEDS OF LOW AND MODERATE INCOME CITIZENS BY PROVIDING ECONOMIC OPPORTUNITIES FOR THEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yindra Dixon Director | Trustee | 1 | $0 |
David Resnick Director | Trustee | 1 | $0 |
Michael Van Milligen Director | Trustee | 1 | $0 |
Caprice Jones Director | Trustee | 1 | $0 |
Rick Dickinson Director | Trustee | 1 | $0 |
Kevin Lynch President | OfficerTrustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $168,512 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,993 |
| 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 | $283,656 |
| 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 | $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 | $24,438 |
| Fees for services: Accounting | $27,705 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,111 |
| Fees for services: Other | $127,616 |
| Advertising and promotion | $326 |
| Office expenses | $300 |
| 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 | $8,142 |
| All other expenses | -$1,104 |
| Total functional expenses | $264,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $283,195 |
| Savings and temporary cash investments | $444,927 |
| 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 | $233,560 |
| Inventories for sale or use | $127,779 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,421,176 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $10,014,792 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,585,480 |
| Total assets | $15,110,909 |
| Accounts payable and accrued expenses | $24,827 |
| 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 | $2,500,000 |
| Total liabilities | $2,524,827 |
| Net assets without donor restrictions | $12,586,082 |
| 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 | $15,110,909 |
Grants Awarded
Over the last fiscal year, Dubuque Initiatives has awarded $200,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY FOUNDATION OF GREATER DUBUQUE PURPOSE: DISASTER RELIEF FUND FOR COVID-19 TO ASSIST LOCAL NON-PROFITS | $100,000 |
ECIA BUSINESS GROWTH INC PURPOSE: TO DEVELOP A LOAN PROGRAM FOR DOWNTOWN BUSINESSES NEGATIVELY IMPACTED BY CITY CONSTRUCTION PROJECTS | $100,000 |