Advance Southwest Iowa Corporation
- Assets
- $184.4k
- Revenue
- $501.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Council Bluffs, IA
- Founding
- Data as of
- 12/2021
- EIN
- 46-4355929
Organization Overview
Advance Southwest Iowa Corporation is located in Council Bluffs, IA. As of 12/2021, Advance Southwest Iowa Corporation employed 3 individuals. Advance Southwest Iowa Corporation 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, Advance Southwest Iowa Corporation generated $501.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $462.5k during the year ending 12/2021. While expenses have increased by 14.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ECONOMIC DEVELOPMENT MARKETING AND RECRUITING SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
REV PITCH EVENT10 NEW KITCHEN COUNCIL MEMBERSLAUNCH MEET-UP GROUP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Hazlewood CEO | 40 | $146,958 | |
Tim Wichman President | OfficerTrustee | 1 | $0 |
Trudy Johannsen Vice President | OfficerTrustee | 1 | $0 |
Chris Blum Secretarytreasurer | OfficerTrustee | 1 | $0 |
Tara Slevin Member | Trustee | 1 | $0 |
Sue Pitts Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $372,529 |
| All other contributions, gifts, grants, and similar amounts not included above | $128,655 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $501,184 |
| Total Program Service Revenue | $0 |
| Investment income | $9 |
| 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 | $501,193 |
| 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 | $301,835 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $48,309 |
| Payroll taxes | $20,051 |
| Fees for services: Management | $15,775 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,001 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,135 |
| Office expenses | $2,411 |
| Information technology | $9,808 |
| Royalties | $0 |
| Occupancy | $18,480 |
| Travel | $12,003 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,018 |
| All other expenses | $0 |
| Total functional expenses | $462,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $183,240 |
| Savings and temporary cash investments | $0 |
| 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 | $1,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $183 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $184,423 |
| Accounts payable and accrued expenses | $18,368 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $18,368 |
| Net assets without donor restrictions | $150,135 |
| Net assets with donor restrictions | $15,920 |
| 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 | $184,423 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Advance Southwest Iowa Corporation has recieved totaling $276,579.
| Awarding Organization | Amount |
|---|---|
Greater Omaha Chamber Foundation Omaha, NE PURPOSE: TO SUPPORT THEIR ECONOMIC DEVELOPMENT EFFORTS IN THE REGION (IOWA WEST FDTN PASS THROUGH GRANT) | $123,000 |
Omaha Development Foundation Omaha, NE PURPOSE: SMALL BUSINESS & ENTREPRENEURIAL DEVELOPMENT FOR SOUTHWEST IOWA VIA IOWA WES | $75,000 |
Greater Omaha Chamber Of Commerce Omaha, NE PURPOSE: PPP GRANT (THEIR EMPLOYEES RUN THROUGH OUR PAYROLL) | $67,529 |
Omaha Development Foundation Omaha, NE PURPOSE: CARES ACT FUNDING FOR ECONOMIC DEVELOPMENT ORGANIZATIONS | $11,050 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Divine Savior Healthcare Inc Portage, WI | $146,404,206 | $99,548,163 |
Jackson Park Hospital Foundation Chicago, IL | $132,629,667 | $107,987,360 |
Avera St Marys Pierre, SD | $117,040,382 | $106,933,224 |
St Margarets Health Spring Valley Spring Valley, IL | $107,727,640 | $91,881,221 |
Plan De Salud Del Valle Inc Fort Lupton, CO | $84,737,500 | $104,985,059 |
Community Development Institute Head Start Denver, CO | $4,503,361 | $99,466,958 |
Providence Health Alliance Inc St Louis, MO | $27,745,143 | $62,779,739 |
Colorado Coalition For The Homeless Denver, CO | $156,626,043 | $115,127,641 |
University Pediatric Associates Inc Indianapolis, IN | $25,897,136 | $100,827,780 |
Alexian Brothers Ambulatory Group St Louis, MO | $321,335,814 | $68,677,417 |
Samaritas Detroit, MI | $92,322,257 | $101,009,415 |
Cckc4 Inc Wichita, KS | $1,278,082,464 | $69,570,660 |