Cedar Skyline Corporation
- Assets
- $193.7k
- Revenue
- $304.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Waterloo, IA
- Founding
- 09/1988
- Data as of
- 12/2021
- EIN
- 23-7125291
Organization Overview
Cedar Skyline Corporation is located in Waterloo, IA. The organization was established in 1988. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Cedar Skyline Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedar Skyline 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, Cedar Skyline Corporation generated $304.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $311.9k 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
TO STRENGTHEN THE OVERALL SOCIAL AND ECONOMIC HEALTH OF THE WATERLOO DOWNTOWN BUSINESS DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF BUSINESS AND COMMUNITY DEVELOPMENT OF THE DOWNTOWN BUSINESS DISTRICT IN WATERLOO, IOWA ACCOMPLISHED THROUGH MARKETING AND PROMOTIONAL ACTIVITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Rucker Executive Director | Officer | 30 | $49,000 |
Blake Hamer Past President | OfficerTrustee | 1.5 | $0 |
Daniel Janssen Treasurer | OfficerTrustee | 1.5 | $0 |
Andrew Robeson Former President | OfficerTrustee | 1.5 | $0 |
John Chiles President | OfficerTrustee | 1.5 | $0 |
Zach Hansen Vice President | OfficerTrustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $79,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $66,876 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $145,876 |
| Total Program Service Revenue | $144,095 |
| Investment income | $25 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,952 |
| 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 | -$639 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $304,015 |
| 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. | $47,938 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,650 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $445 |
| Payroll taxes | $4,640 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,927 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,525 |
| Advertising and promotion | $1,594 |
| Office expenses | $14,529 |
| Information technology | $2,293 |
| Royalties | $0 |
| Occupancy | $13,699 |
| Travel | $898 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $534 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,616 |
| Insurance | $1,118 |
| All other expenses | $4,638 |
| Total functional expenses | $311,916 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,121 |
| Savings and temporary cash investments | $1,482 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $60 |
| 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 | $120,009 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $193,672 |
| 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 | $163,996 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $163,996 |
| Net assets without donor restrictions | $29,676 |
| 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 | $193,672 |
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