Greater Des Moines Partnership
- Assets
- $9.5m
- Revenue
- $8.6m
- Investments
- $0.0
- Employees
- 46
- Location
- Des Moines, IA
- Founding
- 11/2000
- Data as of
- 12/2022
- EIN
- 42-1489668
Organization Overview
Greater Des Moines Partnership is located in Des Moines, IA. The organization was established in 2000. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Greater Des Moines Partnership employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Des Moines Partnership 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 12/2022, Greater Des Moines Partnership generated $8.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $8.1m during the year ending 12/2022. While expenses have increased by 4.1% per year over the past 8 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
TO DRIVE ECONOMIC AND WORKFORCE DEVELOPMENT, DOWNTOWN DEVELOPMENT, AND REGIONAL BUSINESS DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REGIONAL ECONOMIC DEVELOPMENT IS THE CORNERSTONE OF THE PARTNERSHIP'S MISSION. IN 2022, GOALS WERE ACCOMPLISHED BY ASSISTING WITH 17 BUSINESS EXPANSIONS, 15 NEW COMPANY RELOCATIONS TO THE REGION, INCREASED CAPITAL INVESTMENT OF MORE THAN 989 MILLION IN THE REGION, AND 707 NEW/RETAINED JOBS. IN ACCOMPLISHING THESE GOALS, THE PARTNERSHIP VISITED NUMEROUS LOCAL COMPANIES, PURSUED PROSPECT VISITS AND CARRIED OUT RECRUITMENT TRIPS AND TRADE SHOWS. IN ADDITION, PARTNERSHIP EFFORTS RESULTED IN NUMEROUS HIGH- PROFILE MEDIA PLACEMENTS WHICH HIGHLIGHTED REGIONAL STRENGTHS AND OPPORTUNITIES. THESE ACTIVITIES WERE IMPACTED BY THE EFFECTS OF THE PANDEMIC DURING THE YEAR.
THE PARTNERSHIP THROUGH ITS VISIONARY MODEL IS ALIGNED WITH 24 REGIONAL CHAMBERS OF COMMERCE IN THE REGION AND AS A RESULT HAS MORE THAN 6,500 MEMBER ORGANIZATIONS. IT OFFERS NUMEROUS EDUCATIONAL AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES TO HELP STARTUPS AND SMALL BUSINESSES GROW, AS WELL AS A FORMAL BUSINESS ACCELERATOR PROGRAM. ITS TALENT DEVELOPMENT AND EDUCATION EFFORTS CONNECT EMPLOYERS AND PROSPECTS ACROSS SEVERAL EMPLOYMENT SECTORS AND ADDS VALUE THROUGH INCREASED PROGRAMMING AND CAREER DEVELOPMENT CONNECTIONS.
THE ENTREPRENEURIAL INITIATIVES WORK PLATFORM WAS LAUNCHED IN 2007 TO ASSIST ENTREPRENEURS AND SMALL BUSINESSES IN THE REGION. STAFF PROVIDE RESOURCES TO STRATEGICALLY ASSESS THE COMMERCIAL FEASIBILITY OF PRODUCTS AND SERVICES. IN ADDITION, CONSULTATIVE RESOURCES ARE PROVIDED IN ORDER TO ASSIST START-UP VENTURES IN THE DEVELOPMENT OF PRODUCT AND SERVICE OFFERINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rowena Crosbie Chair | OfficerTrustee | 1 | $0 |
Mike Mccoy Vice Chair | OfficerTrustee | 1 | $0 |
David Stark Vice Chair | OfficerTrustee | 1 | $0 |
Mike Helak Secretary/tr | OfficerTrustee | 1 | $0 |
Fred Buie Past Chair | OfficerTrustee | 1 | $0 |
Robert Andeweg Executive Co | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ita Group Gis Consultant | 12/30/22 | $262,960 |
The Meyocks Group Inc Marketing | 12/30/22 | $198,121 |
Konica Minolta Business Solutions It And Equipmen | 12/30/22 | $142,404 |
Rdg Planning & Design Architect | 12/30/22 | $143,964 |
Mechdyne Corporation Audio Visual | 12/30/22 | $131,099 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $8,757,393 |
| Investment income | -$174,967 |
| 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 | $8,582,426 |
| 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. | $1,092,807 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,609,430 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $519,042 |
| Payroll taxes | $256,901 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,051 |
| Fees for services: Lobbying | $17,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $152,252 |
| Office expenses | $88,756 |
| Information technology | $101,841 |
| Royalties | $0 |
| Occupancy | $290,277 |
| Travel | $184,694 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $421,688 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $223,373 |
| Insurance | $95,220 |
| All other expenses | $790,808 |
| Total functional expenses | $8,077,788 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,006 |
| Savings and temporary cash investments | $1,024,237 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $385,194 |
| 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 | $164,392 |
| Net Land, buildings, and equipment | $613,260 |
| Investments—publicly traded securities | $6,159,603 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,066,404 |
| Total assets | $9,486,096 |
| Accounts payable and accrued expenses | $2,541,908 |
| Grants payable | $0 |
| Deferred revenue | $620,307 |
| 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 | $3,162,215 |
| Net assets without donor restrictions | $6,323,881 |
| 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 | $9,486,096 |