Siouxland Initiative
- Assets
- $1.8m
- Revenue
- $554.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Sioux City, IA
- Founding
- 07/1989
- Data as of
- 09/2023
- 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 09/2023, Siouxland Initiative generated $554.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $680.3k during the year ending 09/2023. 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
2023
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Mcgowan President | OfficerTrustee | 40 | $0 |
Barbara Sloniker Executive Vice President | Officer | 40 | $0 |
Lance Morgan Chair | OfficerTrustee | 1 | $0 |
Kevin Mcmanamy Vice-Chair/treasurer | OfficerTrustee | 1 | $0 |
John Gleeson Director | Trustee | 1 | $0 |
Jim Jensen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $85,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $439,495 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $524,495 |
| Total Program Service Revenue | $0 |
| Investment income | $22,802 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,923 |
| 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 | $554,220 |
| 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. | $225,460 |
| Compensation of current officers, directors, key employees. | $225,460 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $74,597 |
| Pension plan accruals and contributions | $21,562 |
| Other employee benefits | $43,267 |
| Payroll taxes | $19,906 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,356 |
| Fees for services: Accounting | $6,670 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,161 |
| Advertising and promotion | $13,793 |
| Office expenses | $15,384 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,116 |
| Travel | $1,790 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,583 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,547 |
| All other expenses | $8,060 |
| Total functional expenses | $680,272 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $962,130 |
| Pledges and grants receivable | $25,000 |
| 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 | $785,292 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,772,422 |
| Accounts payable and accrued expenses | $92,256 |
| Grants payable | $308,465 |
| Deferred revenue | $25,000 |
| 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 | $425,721 |
| Net assets without donor restrictions | $1,346,701 |
| 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 | $1,772,422 |