Iowa Rock N Roll Music Asociation Inc
- Assets
- $912.0k
- Revenue
- $353.0k
- Investments
- $0.0
- Employees
- 7
- Location
- Arnolds Park, IA
- Founding
- 09/1998
- Data as of
- 09/2022
- EIN
- 42-1471971
Organization Overview
Iowa Rock N Roll Music Asociation Inc is located in Arnolds Park, IA. The organization was established in 1998. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2022, Iowa Rock N Roll Music Asociation Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iowa Rock N Roll Music Asociation 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 09/2022, Iowa Rock N Roll Music Asociation Inc generated $353.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.9% each year . All expenses for the organization totaled $361.0k during the year ending 09/2022. While expenses have increased by 20.9% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ROCK AND ROLL MUSIC IN THE STATE OF IOWA; AND TO HONOR AND RECOGNIZE THE INDIVIDUALS AND GROUPS WHO WERE INSTRUMENTAL TO THE DEVELOPMENT OF ROCK AND ROLL MUSIC IN THE STATE OF IOWA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATED THE PUBLIC ON THE HISTORY OF ROCK AND ROLL MUSIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George C Norris Executive Di | Officer | 40 | $65,000 |
Brent Brekke Vice Preside | OfficerTrustee | 2 | $0 |
Ralph Kluseman President | OfficerTrustee | 10 | $0 |
Jeff Versteeg VP - Treasur | OfficerTrustee | 5 | $0 |
Rebecca Thoreson Secretary | OfficerTrustee | 2 | $0 |
Jill Barr Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $49,510 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $96,991 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,497 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $224,998 |
| Total Program Service Revenue | $0 |
| Investment income | $3,854 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,894 |
| Net Income from Fundraising Events | $12,388 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $109,834 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $352,968 |
| 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. | $65,000 |
| Compensation of current officers, directors, key employees. | $7,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $64,096 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,060 |
| Payroll taxes | $6,932 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,695 |
| Fees for services: Accounting | $61,492 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,208 |
| Fees for services: Other | $0 |
| Advertising and promotion | $22,907 |
| Office expenses | $38,729 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,256 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $275 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,972 |
| Insurance | $6,440 |
| All other expenses | $2,285 |
| Total functional expenses | $361,040 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,603 |
| Savings and temporary cash investments | $89,617 |
| 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 | $5,411 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $700,740 |
| Investments—publicly traded securities | $103,666 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $912,037 |
| Accounts payable and accrued expenses | $2,926 |
| 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 | $58,400 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $61,326 |
| 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 | $850,711 |
| Total liabilities and net assets/fund balances | $912,037 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Iowa Rock N Roll Music Asociation Inc has recieved totaling $21,923.
| Awarding Organization | Amount |
|---|---|
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION | $16,667 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION: HUNGER FREE POLK COUNTY - CY 2020 | $5,256 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ravinia Festival Association Highland Park, IL | $230,171,878 | $43,242,885 |
Omaha Performing Arts Society Omaha, NE | $32,168,813 | $11,794,799 |
Springboard For The Arts Saint Paul, MN | $11,189,893 | $6,226,382 |
Irish Festivals Inc Wauwatosa, WI | $3,948,548 | $3,527,102 |
Penumbra Theatre Company Inc St Paul, MN | $11,072,613 | $11,767,246 |
Vermillion Development Company Vermillion, SD | $13,347,571 | $1,278,713 |
Great River Educational Arts Theatre Waite Park, MN | $2,124,043 | $1,298,564 |
Thelma Sadoff Center For The Arts Inc Fond Du Lac, WI | $5,501,310 | $863,155 |
Hoogland Center For The Arts Inc Springfield, IL | $6,969,049 | $1,022,079 |
The Cedar Cultural Center Inc Minneapolis, MN | $2,037,241 | $1,717,061 |
Kuumba Lynx Chicago, IL | $1,227,292 | $991,440 |
Natya Dance Theatre Oakbrook, IL | $1,497,460 | $845,551 |