Iowa Beverage Association
- Assets
- $263.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- West Des Moines, IA
- Founding
- 12/1942
- Data as of
- 12/2021
- EIN
- 42-6064116
Organization Overview
Iowa Beverage Association is located in West Des Moines, IA. The organization was established in 1942. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iowa Beverage Association 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 12/2021, Iowa Beverage Association generated $199.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.1% each year . All expenses for the organization totaled $140.3k during the year ending 12/2021. While expenses have increased by 27.1% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE PURPOSE AND OBJECTIVES ARE TO ORGANIZE INDUSTRY MEMBERS AS A SOFT DRINK TRADE ASSOCIATION TO WORK COLLECTIVELY ON BEHALF OF THE INDUSTRY, PROVIDE INFORMATION TO THE GENERAL PUBLIC THROUGH VARIOUS COMMUNICATION CHANNELS AND TO ADVOCATE ON PUBLIC POLICY ISSUES THAT IMPACT THE INDUSTRY AT THE LOCAL, STATE AND FEDERAL LEVEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Otterbeck Chairman | 2 | $0 | |
Randy Hall Treasurer | 0.5 | $0 | |
Cy Chesterman Director | 0.5 | $0 | |
Roger Zearley Director | 0.5 | $0 | |
Jeff Wrage Director | 0.5 | $0 | |
Carlton Meriwether Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $199,435 |
| Total Program Service Revenue | $0 |
| Membership dues | $415 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $199,850 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $115,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $25,275 |
| Total expenses | $140,275 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $263,009 |
| Other assets | $0 |
| Total assets | $263,009 |
| Total liabilities | $0 |
| Net assets or fund balances | $263,009 |
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|---|---|---|
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