Cedar Valley Tech Works Inc
- Assets
- $13.8m
- Revenue
- $269.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Waterloo, IA
- Founding
- 11/2006
- Data as of
- 06/2022
- EIN
- 20-4965137
Organization Overview
Cedar Valley Tech Works Inc is located in Waterloo, IA. The organization was established in 2006. According to its NTEE Classification (S30) the organization is classified as: Economic Development, 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. Cedar Valley Tech Works Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CEDAR VALLEY TECHWORKS BRINGS TOGETHER LEADERS IN THE FIELD OF BIOTECHNOLOGY, SERVING AS A CENTER OF ACTIVITY FOR RESEARCHERS, FARMERS, INVESTORS AND BUSINESS OWNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OWN, REDEVELOP, OPERATE, AND MARKET LAND AND BUILDINGS, INCREASE INNOVATION, EMPLOYMENT, AND INVESTMENT IN BIO-AGRICULTURE, ADVANCED MANUFACTURING, AND INFORMATION TECHNOLOGIES AND OTHER INDUSTRIES, AND COOPERATE WITH OTHER ENTITIES TO ACCOMPLISH ECONOMIC DEVELOPMENT IN THE CEDAR VALLEY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Darrah CEO | Officer | 0.5 | $0 |
Wesley James President | Officer | $0 | |
Noel Anderson Director | Trustee | 0.5 | $0 |
David Davis Chair | Trustee | 0.5 | $0 |
Andrea Devore Secretary | Trustee | 0.5 | $0 |
Dave Deaver Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cardinal Construction Construction | 6/29/16 | $507,757 |
Vandewalle Associates Development | 6/29/16 | $118,633 |
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 | $220,948 |
| Investment income | $120 |
| 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 | $269,023 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,888 |
| Fees for services: Accounting | $1,490 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $572 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $204,925 |
| 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 | $343,516 |
| Insurance | $27,813 |
| All other expenses | $0 |
| Total functional expenses | $633,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,141 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,855 |
| 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 | $13,541,562 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,787,558 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $1,425,000 |
| 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 | $3,598 |
| Total liabilities | $1,428,598 |
| Net assets without donor restrictions | $12,358,960 |
| 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 | $13,787,558 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cedar Valley Tech Works Inc has recieved totaling $179,900.
| Awarding Organization | Amount |
|---|---|
Black Hawk County Gaming Assoc Waterloo, IA PURPOSE: PASSENGER ELEVATOR | $179,900 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metropolitan Entertainment & Omaha, NE | $158,635,208 | $95,451,675 |
Chicago Convention & Tourism Bureau Inc Chicago, IL | $13,640,210 | $19,015,508 |
Financial Health Network Inc Chicago, IL | $19,686,455 | $18,603,239 |
Southern Minnesota Initiative Foundation Owatonna, MN | $74,043,196 | $20,001,758 |
Vocational Development Center Inc Council Bluffs, IA | $12,984,673 | $16,204,305 |
Southern Iowa Economic Development Association Ottumwa, IA | $4,848,905 | $15,262,424 |
St Louis Economic Development Partnership Saint Louis, MO | $27,235,860 | $13,883,018 |
Crosswalk Community Action Agency Inc West Frankfort, IL | $2,780,027 | $11,762,821 |
Wisconsin Dells Visitor & Convention Bureau Wisconsin Dells, WI | $26,952,168 | $17,110,395 |
Convention & Visitors Bureau Of Greater Kansas City Kansas City, MO | $12,878,337 | $11,432,355 |
Wbd Inc Madison, WI | $14,868,892 | $9,399,155 |
Metropolitan Economic Development Association Minneapolis, MN | $45,113,584 | $12,064,856 |