Siouxland Initiative
- Assets
- $1.9m
- Revenue
- $497.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Sioux City, IA
- Founding
- 07/1989
- Data as of
- 09/2022
- EIN
- 42-1328697
Organization Overview
Siouxland Initiative is located in Sioux City, IA. The organization was established in 1989. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Siouxland Initiative 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 09/2022, Siouxland Initiative generated $497.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $872.7k during the year ending 09/2022. 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 PROMOTE ECONOMIC GROWTH IN THE TRI-STATE SIOUXLAND AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPANSION & RETENTION OF EXISTING BUSINESSES BY IDENTIFYING CURRENT NEEDS AND OFFERING TECHNICAL, MANAGERIAL, AND FINANCIAL ASSISTANCE.
NEW BUSINESS ATTRACTION - RESEARCH AND SOLICITATION OF NEW BUSINESSES TO PROVIDE NEW JOBS AND ECONOMIC GROWTH.
COMMUNITY IMAGE ENHANCEMENT - PROMOTE SIOUXLAND COMMUNITY IMAGE AS A TOOL TO ENCOURAGE ECONOMIC GROWTH.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Mcgowan President | OfficerTrustee | 40 | $0 |
Mike Wells Chairman | OfficerTrustee | 1 | $0 |
Lance Morgan Vice-Chair/treasurer | OfficerTrustee | 1 | $0 |
Barbara Sloniker Executive Vice President | Officer | 40 | $0 |
John Gleeson Director | Trustee | 1 | $0 |
Regina Roth Director | Trustee | 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 | $495,425 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $495,425 |
| Total Program Service Revenue | $0 |
| Investment income | $1,748 |
| 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 | $497,173 |
| 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. | $215,385 |
| Compensation of current officers, directors, key employees. | $215,385 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $144,812 |
| Pension plan accruals and contributions | $23,589 |
| Other employee benefits | $35,496 |
| Payroll taxes | $22,845 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,586 |
| Fees for services: Accounting | $6,290 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,752 |
| Advertising and promotion | $10,579 |
| Office expenses | $16,194 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,283 |
| Travel | $1,626 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,337 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,177 |
| All other expenses | $13,754 |
| Total functional expenses | $872,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,104,739 |
| Pledges and grants receivable | $15,000 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $739,947 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,859,686 |
| Accounts payable and accrued expenses | $84,859 |
| Grants payable | $287,074 |
| Deferred revenue | $15,000 |
| 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 | $386,933 |
| Net assets without donor restrictions | $706,153 |
| Net assets with donor restrictions | $766,600 |
| 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 | $1,859,686 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Siouxland Initiative has recieved totaling $5,500.
| Awarding Organization | Amount |
|---|---|
Siouxland Economic Development Corporation Sioux City, IA PURPOSE: TO SUPPORT SIOUXLAND INITIATIVE'S REGIONAL ECONOMIC DEVELOPMENT EFFORTS. | $5,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Xilin Association Naperville, IL | $12,598,831 | $16,219,708 |
Great Lakes Inter-Tribal Council Inc Lac Du Flambeau, WI | $2,692,230 | $12,711,243 |
American Swedish Institute Minneapolis, MN | $53,674,080 | $22,744,075 |
National Museum Of Mexican Art Chicago, IL | $19,674,194 | $15,502,542 |
First Peoples Fund Rapid City, SD | $11,478,942 | $11,058,456 |
Cityserve International Springfield, MO | $3,073,627 | $2,894,245 |
Instituto Cervantes Of Chicago Inc Chicago, IL | $741,739 | $2,489,461 |
Coalition Of Asian American Leaders St Paul, MN | $4,205,998 | $3,284,074 |
National Native American Boarding School Healing Coalition Minneapolis, MN | $8,382,833 | $1,366,565 |
Black Hills Badlands & Lakes Association Rapid City, SD | $1,241,083 | $1,774,171 |
The Alliance Francaise French House Of Chicago Chicago, IL | $5,091,056 | $2,088,000 |
The Germanic-American Institute St Paul, MN | $1,003,743 | $1,467,088 |