Sheldon Chamber & Deveopment Corp
- Assets
- $4.7m
- Revenue
- $478.6k
- Investments
- $0.0
- Employees
- 5
- Location
- Sheldon, IA
- Founding
- 06/1972
- Data as of
- 12/2022
- EIN
- 42-0984599
Organization Overview
Sheldon Chamber & Deveopment Corp is located in Sheldon, IA. The organization was established in 1972. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Sheldon Chamber & Deveopment Corp employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sheldon Chamber & Deveopment Corp is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Sheldon Chamber & Deveopment Corp generated $478.6k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $443.6k during the year ending 12/2022. 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
THE SHELDON CHAMBER AND DEVELOPMENT CORPORATION STANDS BY THE MISSION TO PROMOTE A LASTING COMMUNITY "WHERE FAMILIES COME FIRST". AS WITH ANY BUSINESS, WE ARE CONSTANTLY WORKING TO PROVIDE HIGH-QUALITY PROGRAMS, SERVICES, AND AMENITIES WITHIN THE SHELDON COMMUNITY. BY PARTNERING WITH THE SCDC, YOU ARE DIRECTLY SUPPORTING OUR ONGOING EFFORTS IN MAKING SHELDON A BETTER PLACE TO LIVE, WORK, AND CONDUCT BUSINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL COMMUNITY AND TRADE DEVELOPMENT THROUGH THE OPERATION AS A CHAMBER OF COMMERCE FOR THE CITY OF SHELDON
ECONOMIC DEVELOPMENT THROUGH THE OPERATION OF A REVOLVING LOAN FUND PROVIDING FINANCING TO LOCAL BUSINESSES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trevor Guttula President | OfficerTrustee | 1 | $0 |
Daniel Ten Clay Director | Trustee | 1 | $0 |
Brad Hindt Director | Trustee | 1 | $0 |
Curt Strouth Executive Di | Officer | $0 | |
Mark Brown Secretary/tr | OfficerTrustee | 1 | $0 |
Tom Eggers Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $128,747 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $85,053 |
| 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 | $213,800 |
| Total Program Service Revenue | $272,054 |
| Investment income | $27,671 |
| 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 | $478,555 |
| 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. | $94,407 |
| Compensation of current officers, directors, key employees. | $94,407 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $62,581 |
| Pension plan accruals and contributions | $2,123 |
| Other employee benefits | $0 |
| Payroll taxes | $4,966 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $99,493 |
| Office expenses | $9,285 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,998 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,382 |
| Insurance | $4,959 |
| All other expenses | $3,615 |
| Total functional expenses | $443,592 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,363 |
| Savings and temporary cash investments | $2,226,862 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,021 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $771,005 |
| 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 | $1,610,996 |
| Total assets | $4,680,247 |
| Accounts payable and accrued expenses | $4,896 |
| 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 | $2,431,741 |
| Other liabilities | $41,183 |
| Total liabilities | $2,477,820 |
| Net assets without donor restrictions | $2,202,427 |
| 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 | $4,680,247 |