Iowa Rock N Roll Music Asociation Inc
- Assets
- $839.8k
- Revenue
- $213.2k
- Investments
- $0.0
- Employees
- 7
- Location
- Arnolds Park, IA
- Founding
- 09/1998
- Data as of
- 09/2024
- 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 09/2024, 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 09/2024, Iowa Rock N Roll Music Asociation Inc generated $213.2k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $214.9k during the year ending 09/2024. While expenses have increased by 9.4% per year over the past 9 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
2024
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 |
|---|---|---|---|
Jill Barr Director | Trustee | 1 | $0 |
Brent Brekke Vice Preside | OfficerTrustee | 2 | $0 |
Tim Coffey Director | Trustee | 1 | $0 |
Janice Hill Director | Trustee | 1 | $0 |
Rick Hillyard Director | Trustee | 1 | $0 |
Vance Jorgensen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,122 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $111,534 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $120,656 |
| Total Program Service Revenue | $0 |
| Investment income | $3,229 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $452 |
| Net Income from Fundraising Events | $8,475 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $80,374 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $213,186 |
| 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 | $60,212 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,712 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,230 |
| Fees for services: Other | $22,195 |
| Advertising and promotion | $9,255 |
| Office expenses | $37,471 |
| Information technology | $6,300 |
| Royalties | $0 |
| Occupancy | $846 |
| Travel | $410 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $256 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,511 |
| Insurance | $3,465 |
| All other expenses | $1,920 |
| Total functional expenses | $214,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,249 |
| Savings and temporary cash investments | $60,717 |
| 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 | $1,924 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $446,043 |
| Investments—publicly traded securities | $107,955 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $183,912 |
| Other assets | $0 |
| Total assets | $839,800 |
| Accounts payable and accrued expenses | $2,609 |
| 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 | $61,009 |
| 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 | $778,791 |
| Total liabilities and net assets/fund balances | $839,800 |