Dyersville Industries Inc
- Assets
- $6.7m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 22
- Location
- Dyersville, IA
- Founding
- 04/1987
- Data as of
- 12/2021
- EIN
- 42-1248938
Organization Overview
Dyersville Industries Inc is located in Dyersville, IA. The organization was established in 1987. 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 12/2021, Dyersville Industries Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dyersville Industries 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 12/2021, Dyersville Industries Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $667.6k during the year ending 12/2021. While expenses have increased by 2.3% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE, PROMOTE AND SECURE INDUSTRY, BUSINESS AND THE WELL-BEING OF THE DYERSVILLE COMMUNITY THROUGH BUSINESS RETENTION AND EXPANSION, NEW BUSINESS DEVELOPMENT, WORKFORCE DEVELOPMENT, AND COMMUNITY DEVELOPMENT
Describe the Organization's Program Activity:
THE RECREATION CENTER EXISTS TO PROVIDE THE CITIZENS OF DYERSVILLE AND THE SURROUNDING AREA WITH A FACILITY TO IMPROVE AND MAINTAIN THEIR PHYSICAL WELL-BEING. THERE WERE APPROXIMATELY 500 MEMBERSHIPS OUTSTANDING IN 2021.
THE MUSEUM IS INTENDED TO PROVIDE A NATIONAL COLLECTION OF FARM TOYS. THE MUSEUM IS OPEN TO THE PUBLIC. THERE WERE 9,602 PAID ADMISSIONS TO THE MUSEUM IN 2021.
THE TOY SHOW IS TO PROMOTE THE NATIONAL FARM TOY MUSEUM. COLLECTORS GATHER EACH YEAR TO DISPLAY AND SELL THEIR COLLECTIONS AND TOUR THE MUSEUM. THERE WERE 84 EXHIBITORS AT THE 2021 SUMMER TOY SHOW.
DYERSVILLE INDUSTRIES, INC EXISTS TO PROMOTE THE INDUSTRIAL EXPANSION OF THE CITY OF DYERSVILLE. THERE WERE 5 JOBS ADDED IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Gibbs Vice President | OfficerTrustee | 1 | $0 |
Barry Klosterman Vice President | OfficerTrustee | 1 | $0 |
Steve Salter President | OfficerTrustee | 1 | $0 |
Dave Schroeder Treasurer | OfficerTrustee | 1 | $0 |
Dan Tauke Secretary | OfficerTrustee | 1 | $0 |
Dave Bell Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $67,230 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,422 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $72,652 |
| Total Program Service Revenue | $555,362 |
| Investment income | $18,424 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $6,442 |
| Net Rental Income | $176,245 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $40,197 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $191,062 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,188,516 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $24,446 |
| Compensation of current officers, directors, key employees. | $130,129 |
| Compensation of current officers, directors, key employees. | $71,571 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $84,746 |
| Pension plan accruals and contributions | $3,368 |
| Other employee benefits | $11,944 |
| Payroll taxes | $17,608 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,787 |
| Fees for services: Accounting | $13,660 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,868 |
| Advertising and promotion | $16,480 |
| Office expenses | $19,755 |
| Information technology | $4,832 |
| Royalties | $0 |
| Occupancy | $109,642 |
| Travel | $3,221 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $894 |
| Interest | $611 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $83,466 |
| Insurance | $25,085 |
| All other expenses | $16,352 |
| Total functional expenses | $667,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1,692 |
| Savings and temporary cash investments | $187,799 |
| 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 | $0 |
| Inventories for sale or use | $3,234,869 |
| Prepaid expenses and deferred charges | $3,982 |
| Net Land, buildings, and equipment | $2,787,277 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,469 |
| Other assets | $437,885 |
| Total assets | $6,653,589 |
| Accounts payable and accrued expenses | $43,916 |
| 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 | $710,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,500 |
| Total liabilities | $756,416 |
| Net assets without donor restrictions | $0 |
| 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 | $5,897,173 |
| Total liabilities and net assets/fund balances | $6,653,589 |
Grants Awarded
Over the last fiscal year, Dyersville Industries Inc has awarded $15,750 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Dubuque, IA PURPOSE: CHARITABLE | $5,750 |
VINE ROAD AVIATION LLC PURPOSE: DYERSVILLE DEVELOPMENT | $5,000 |
Dyersville, IA PURPOSE: CHARITABLE | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Dyersville Industries Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metropolitan Entertainment & Omaha, NE | $158,635,208 | $95,451,675 |
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 |