Rock Island Arsenal Development Group
- Assets
- $460.3k
- Revenue
- $71.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Davenport, IA
- Founding
- 06/2004
- Data as of
- 06/2022
- EIN
- 20-0246194
Organization Overview
Rock Island Arsenal Development Group is located in Davenport, IA. The organization was established in 2004. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, 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. Rock Island Arsenal Development Group 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 06/2022, Rock Island Arsenal Development Group generated $71.5k 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 (13.1%) each year. All expenses for the organization totaled $217.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 7 years. 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
ROCK ISLAND ARSENAL DEFENSE ALLIANCE IS A COMMUNITY LED ORGANIZATION THAT IS REDICATED TO THE SUPPORT AND PROMOTION OF THE ROCK ISLAND ARESENAL ("RIA") AND THE QUAD CITIES REGION'S DEFENSE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WITH THE EXPIRATION OF THE LEASING AUTHORITY ON THE ROCK ISLAND ARSENAL ON MARCH 31, 2018, THE ROCK ISLAND ARSENAL DEFENSE ALLIANCE HAS FOCUSED ITS EFFORTS AND RESOURCES ON ADVOCACY FOR THE ROCK ISLAND ARSENAL. WORKING WITH SEVERAL CONSULTANTS, THE ORGANIZATION IS ENGAGING IN ACTIVITIES TO STRENGTHEN THE POSITION OF THE ARSENAL NOW AND INTO THE FUTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Welker Executive Di | Officer | 40 | $41,938 |
Reggie Freeman Treasurer | OfficerTrustee | 1 | $0 |
David Johnston Secretary | OfficerTrustee | 1 | $0 |
Scott Lohman Chair | OfficerTrustee | 2 | $0 |
Mike Matson Vice Chair | OfficerTrustee | 2 | $0 |
Richard Brunk Member | Trustee | 1 | $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 | $71,317 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,317 |
| Total Program Service Revenue | $0 |
| Investment income | $226 |
| 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 | $71,543 |
| 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. | $40,323 |
| 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 | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $177 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $500 |
| Advertising and promotion | $1,500 |
| Office expenses | $19,150 |
| Information technology | $6,600 |
| Royalties | $0 |
| Occupancy | $10,425 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $138,283 |
| Total functional expenses | $216,958 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $415,461 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $44,800 |
| 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 | $0 |
| 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 | $460,261 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $124,468 |
| 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 | $11 |
| Total liabilities | $124,479 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $335,782 |
| 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 | $460,261 |
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