Waucoma Community Development Group
- Assets
- $861.5k
- Revenue
- $99.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Waucoma, IA
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 46-4956797
Organization Overview
Waucoma Community Development Group is located in Waucoma, IA. The organization was established in 2014. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Waucoma Community Development Group employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waucoma Community Development Group 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 12/2021, Waucoma Community Development Group generated $99.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $114.2k during the year ending 12/2021. 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
THE EVENT CENTER WILL BE USED FOR RECEPTIONS, DANCES, MEETINGS, DANCE CLASSES, AND OTHER EDUCATIONAL OPPORTUNITIES. IT WILL BE RENT FREE FOR OTHER AREA NOT-FOR-PROFITS AND ONCE THE BUILDING IS PAID OFF, THE ORGANIZATION HOPES TO CONTRIBUTE TO THE BETTERMENT OF THEIR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EVENT CENTER WILL BE USED FOR RECEPTIONS, DANCES, MEETINGS, DANCE CLASSES, AND OTHER EDUCATIONAL OPPORTUNITIES. IT WILL BE RENT FREE FOR OTHER AREA NOT-FOR-PROFITS AND ONCE THE BUILDING IS PAID OFF, THE ORGANIZATION HOPES TO CONTRIBUTE TO THE BETTERMENT OF THEIR COMMUNITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marlene Klemp Secretary/tr | Officer | 2 | $9,600 |
Kevin Kleve Vice Preside | Officer | 2 | $3,400 |
Angela Balk Director | Officer | 1 | $0 |
Jill Desloover Director | Officer | 1 | $0 |
Greg Balk Director | Officer | 1 | $0 |
James Franzen President | Officer | 2 | $0 |
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 | $7,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,000 |
| Total Program Service Revenue | $34,780 |
| Investment income | $2,268 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,022 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $54,693 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $99,763 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,385 |
| 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. | $13,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $612 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,984 |
| Office expenses | $56 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,414 |
| Travel | $0 |
| 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 | $31,694 |
| Insurance | $5,578 |
| All other expenses | $6,458 |
| Total functional expenses | $114,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,790 |
| Savings and temporary cash investments | $184,327 |
| 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 | $4,287 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $655,054 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $861,458 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $861,458 |
| 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 | $861,458 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Waucoma Community Development Group has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Willis M Hansen & Patricia A Hansen Charitable Foundation Lake Ozark, MO PURPOSE: GENERAL OPERATING BUDGET | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Rural Affairs Lyons, NE | $13,439,355 | $9,008,855 |
Givenkind Gurnee, IL | $615,536 | $8,322,784 |
Lucy Burns Institute Inc Middleton, WI | $4,314,081 | $6,584,157 |
Journey To New Life Inc Kansas City, MO | $2,130,182 | $5,937,979 |
Field Ready Inc Evanston, IL | $891,610 | $3,039,732 |
Institute For Public Affairs Chicago, IL | $2,903,141 | $2,770,410 |
American Business Immigration Coalition Chicago, IL | $1,502,573 | $3,641,929 |
Khalil Foundation Lombard, IL | $587,760 | $2,305,215 |
Coalition Of Greater Minnesota Cities Moorhead, MN | $718,799 | $1,339,638 |
Linda Hall Library Foundation Kansas City, MO | $2,032,443 | $752,725 |
My Well Hoffman Estates, IL | $478,403 | $1,415,827 |
Unify America Evanston, IL | $46,320,236 | $44,875,273 |