2025-08-15T08:43:48-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 600 3RD AVENUE SE SUITE 300 CEDAR RAPIDS IA 52401 990 2024-01-01 420172900 CEDAR RAPIDS METRO ECONOMIC ALLIANCE CEDA 3193985317 501 FIRST ST SE CEDAR RAPIDS IA 52401 AUDREY WHEELER DIRECTOR OF OPERATIONS 3193985317 2025-08-14 1 0 DAVID LITTLE P01480921 3193632697 2025-08-14 2024 2025-03-06 01:10:19Z AUDREY WHEELER 501 FIRST ST SE CEDAR RAPIDS IA 52401 5387529 0 X WWW.CEDARRAPIDS.ORG X 1918 IA TO DRIVE ECONOMIC, WORKFORCE AND POPULATION GROWTH STRATEGIES, AND TO HELP BUSINESSES SUCCEED. 12 12 31 125 19079 5719 18500 23580 3769850 3774509 101629 228782 103901 189313 3993880 4216184 29238 0 0 0 2211999 2155031 0 0 0 2142861 2187806 4384098 4342837 -390218 -126653 5804478 5502080 3135105 2979801 2669373 2522279 X TO DRIVE ECONOMIC, WORKFORCE AND POPULATION GROWTH STRATEGIES, AND TO HELP BUSINESSES SUCCEED. 0 0 ECONOMIC DEVELOPMENT - UNDER ECONOMIC DEVELOPMENT THE ECONOMIC ALLIANCE'S STRATEGIC GOALS ARE AS FOLLOWS: ATTRACT, GROW AND RETAIN INTERSTATE COMMERCE BUSINESS. OUR FOCUS IS TARGETED TOWARD BIO-PROCESSING/FOOD INGREDIENTS, DISTRIBUTION/LOGISTICS, ELECTRONIC EQUIPMENT/DESIGN, FOOD PROCESSING, FINANCIAL SERVICES/INSURANCE, INFORMATION TECHNOLOGY, PROCESS MANUFACTURING AND WIND ENERGY.1. DEVELOP AND MAINTAIN REPORTS OF DATA TOOLS TO ASSIST WITH PROJECT MANAGEMENT, BUSINESS AND WORKFORCE DEVELOPMENT.2. COORDINATE AND FACILITATE PROJECTS TO UTILIZE FINANCIAL TOOLS AND PROGRAMS FOR PROSPECTS AND CLIENTS.3. MAINTAIN AND ADVANCE RELATIONSHIPS WITH EXISTING COMPANIES TO IDENTIFY GROWTH AND RETENTION OPPORTUNITIES.4. DEVELOP AND IMPLEMENT STRATEGIES TO IMPROVE RECRUITMENT OF NEW COMPANIES. ALL PROGRAMS AND ECONOMIC DEVELOPMENT EFFORTS ARE DESIGNED TO MEET ONE OR MORE OF THE GOALS. WHILE MANY OF OUR ECONOMIC ALLIANCE STAFF SPEND TIME ON ECONOMIC DEVELOPMENT ORIENTED PROGRAMS, PROJECTS AND INITIATIVES, WE HAVE AN ECONOMIC DEVELOPMENT TEAM WHO SPECIFICALLY FOCUS ON MEETING OUR ECONOMIC DEVELOPMENT STRATEGIC GOALS. COMMUNITY DEVELOPMENT - UNDER COMMUNITY DEVELOPMENT THE ECONOMIC ALLIANCE'S STRATEGIC GOALS ARE AS FOLLOWS: GROW CORE CENTRAL DISTRICTS IN CEDAR RAPIDS AND SUPPORT SURROUNDING COMMUNITIES.1. DEVELOP AND BEGIN IMPLEMENTATION OF AN UPDATED STRATEGIC PLAN FOR THE CEDAR RAPIDS DOWNTOWN DISTRICT AND MEDICAL DISTRICT.2. ASSIST THE CITY OF CEDAR RAPIDS IN ITS PLAN FOR FLOOD PROTECTION AND FINANCIAL SUPPORT. BUSINESS SUPPORT - UNDER BUSINESS SUPPORT THE ECONOMIC ALLIANCE'S STRATEGIC GOALS ARE AS FOLLOWS:CREATE A STRONG BUSINESS ENVIRONMENT WHICH SUPPORTS ALL EMPLOYERS. ADDITIONALLY, WE WILL FOCUS ON SMALL AND LOCALLY-OWNED BUSINESSES TO ACHIEVE THE FOLLOWING:1. ENGAGE AND CONNECT BUSINESSES THROUGH NETWORKING, COMMUNITY AND PROFESSIONAL DEVELOPMENT PROGRAMS.2. PROVIDE EDUCATION AND AWARENESS ON LOCAL, REGIONAL AND STATE INITIATIVES WHICH ENHANCE REGIONAL AND STATE TRADE. REGIONAL DEVELOPMENT - OUR REGIONAL DEVELOPMENT CORE FUNCTION IS DEDICATED TO COORDINATING WITH PARTNERS TO CONTRIBUTE TO THE FOLLOWING REGIONAL INITIATIVES: BRAND/IMAGE, WORKFORCE, CIVIC ENGAGEMENT, ENTREPRENEURISM AND DIVERSITY/INCLUSION. LEADERSHIP FOR FIVE SEASONS: LEADERSHIP FOR FIVE SEASONS IS A PROGRAM DEVELOPED AND MANAGED BY THE CEDAR RAPIDS METRO ECONOMIC ALLIANCE TO PREPARE EMERGING AND EXISTING LEADERS IN THE CEDAR RAPIDS AREA TO BE COMMUNITY TRUSTEES. THE GOAL OF THE PROGRAM IS TO EMPOWER AND INSPIRE DIVERSE INDIVIDUALS TO ACTIVELY LEAD IN SHAPING AND ENHANCING OUR QUALITY OF LIFE - SUPPLYING THE COMMUNITY WITH INFORMED, SKILLED LEADERS WILLING TO SERVE AS ACTIVE VOLUNTEERS. IOWA'S CREATIVE CORRIDOR (ICR IOWA): ICR IOWA REPRESENTS A SEVEN COUNTY REGIONAL PARTNERSHIP FOR BENTON, CEDAR, IOWA, JOHNSON, JONES, LINN AND WASHINGTON COUNTIES. REPRESENTING ONE OF THE LARGEST LABORSHEDS IN THE STATE, THE ECONOMIC DEVELOPMENT REPRESENTATIVES OF OUR AREA HAVE CREATED A STRATEGIC, SEVEN-COUNTY ALLIANCE DEDICATED TO ECONOMIC PROGRESS, WORKFORCE DEVELOPMENT, AND FOSTERING A CULTURE OF INNOVATION. IOWA'S CREATIVE CORRIDOR GIVES EMPLOYERS AND WORKFORCE ACCESS TO A REGION UNIQUELY IOWAN, FOUNDED WITH A MANUFACTURING HERITAGE, BUT ACTIVELY SEEKING NEW FRONTIERS AND OPPORTUNITIES IN INFORMATION TECHNOLOGY, BIOTECHNOLOGY AND BIOPROCESSING, RENEWABLE ENERGY, AND EDUCATIONAL SERVICES. IMPACTCR: THE CONCEPT IS SIMPLE - PROVIDE OUR MEMBERS THE OPPORTUNITY TO CONNECT, HAVE A VOICE AND MAKE A DIFFERENCE IN THEIR COMMUNITY.PUBLIC POLICY - THE ECONOMIC ALLIANCE IS FOCUSED ON PUBLIC POLICY ADVOCACY THAT SUPPORTS THE ORGANIZATION'S OTHER FOUR CORE FUNCTIONS: BUSINESS SUPPORT, COMMUNITY DEVELOPMENT, ECONOMIC DEVELOPMENT AND REGIONAL DEVELOPMENT.THE ECONOMIC ALLIANCE COLLABORATES WITH THE BUSINESS COMMUNITY AND OTHER STAKEHOLDERS AND PARTNERS, INCLUDING LOCAL MUNICIPALITIES AND ENTITIES, THE U.S. CHAMBER OF COMMERCE AND IOWA CHAMBER ALLIANCE TO DEVELOP A LOCAL, STATE AND FEDERAL POLICY AGENDA. WE THEN PROVIDE A UNIFIED VOICE TO ADVOCATE FOR PRO-BUSINESS AND PRO-GROWTH ISSUES KEY TO OUR MEMBERS AND THE REGION. 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 41 0 1 31 1 1 1 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 1 1 0 0 X AUDREY WHEELER 3193985317 501 FIRST ST SE CEDAR RAPIDS IA 52401 EKBERG HUGH PAST CHAIR 1.00 X X 0 0 0 PARMLEY ANNE CHAIR 1.00 X X 0 0 0 KLEIN JAMES VICE CHAIR 1.00 X X 0 0 0 BAXTER DAN DIRECTOR 1.00 X 0 0 0 FARLINGER MAY DIRECTOR 1.00 X 0 0 0 GLEW NICK DIRECTOR 1.00 X 0 0 0 KEPROS TED DIRECTOR 1.00 X 0 0 0 LAND PAULA DIRECTOR 1.00 X 0 0 0 POMERANZ JEFF DIRECTOR 1.00 X 0 0 0 SHEPARD ROCKI DIRECTOR 1.00 X 0 0 0 THOENY MARK DIRECTOR 1.00 X 0 0 0 ZEHR JUSTIN DIRECTOR 1.00 X 0 0 0 NEUMANN DOUGLAS EXECUTIVE DIRECTOR 40.00 1.00 X 207962 0 20629 CORBETT RON VP OF ECONOMIC DEVELOPMENT 40.00 X 166346 0 22134 WASTA PHIL MEDICAL SSMID MANAGER 40.00 X 125490 0 20043 WHEELER AUDREY ASSISTANT SECRETARY 40.00 X 117483 0 13111 617281 0 75917 4 0 1 0 0 13220 10360 23580 MEMBERSHIP DUES 561499 1998469 1998469 SERVICE CONTRACT REVENUE 561499 1095162 1095162 ACTIVITIES & EVENTS 561499 680878 680878 3774509 86299 86299 170234 0 170234 170234 170234 1263991 49837 1131409 39936 132582 9901 142483 142483 ADVERTISING INCOME 513190 19079 19079 19079 4216184 3916992 19079 256533 211855 1576274 51913 183735 131254 67359 12108 227214 276717 58405 102258 422642 293411 239250 13257 198352 51124 DUES AND SUBSCRIPTIONS 57812 REPAIRS & MAINTENANCE 50166 117731 4342837 697143 647339 210398 88097 79448 62870 87101 86884 3457765 1080354 2367223 2377411 2363165 2239479 5804478 5502080 178779 186996 1095321 978612 1861005 1814193 3135105 2979801 X 2669373 2522279 2669373 2522279 5804478 5502080 -126653 -20441 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 PART I-A, LINE 1: TO DRIVE ECONOMIC, WORKFORCE AND POPULATION GROWTH STRATEGIES, AND TO HELP BUSINESSES SUCCEED. 1929507 457827 1471680 1525021 622527 902494 3237 3237 2377411 SHORT-TERM LEASE LIABILITY 258049 LONG-TERM LEASE LIABILITY 1556144 1814193 X 4183635 -20441 -20441 4204076 12108 12108 4216184 4330729 0 4330729 12108 12108 4342837 PART X, LINE 2: THE ALLIANCE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND A SIMILAR SECTION OF IOWA INCOME TAX LAW. THE INTERNAL REVENUE SERVICE DETERMINATION IS THAT THE ALLIANCE IS OTHER THAN A PRIVATE FOUNDATION. THE ALLIANCE FILES INFORMATION RETURNS IN THE U.S. FEDERAL JURISDICTION. THE ALLIANCE FOLLOWS THE ACCOUNTING STANDARD TO EVALUATE UNCERTAIN TAX POSITIONS AND HAS DETERMINED THAT IT WAS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS. 1 X X X X 0 0 0 NEUMANN DOUGLAS EXECUTIVE DIRECTOR 206672 0 0 0 1290 0 7231 0 13398 0 228591 0 0 0 CORBETT RON VP OF ECONOMIC DEVELOPMENT 165000 0 0 0 1346 0 6600 0 15534 0 188480 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS FIVE CLASSES OF MEMBERS, ONE OF WHICH IS STAKEHOLDER MEMBERS, AS A SEPARATE CLASS THESE MEMBERS HAVE NO AUTHORITY OVER THE ORGANIZATION; BUT ARE INCORPORATED AS REQUIRED MEMBERS OF THE REMAINING FOUR CLASSES. THE REMAINING FOUR MEMBER CLASSES ARE REFERRED TO AS THE "COUNCILS AND CONSIST OF: (1) MEMBERS OF THE BUSINESS SUPPORT COUNCIL, (2) MEMBERS OF THE COMMUNITY DEVELOPMENT COUNCIL, (3) MEMBERS OF THE LARGE INVESTOR COUNCIL AND (4) MEMBERS OF THE ECONOMIC DEVELOPMENT COUNCIL. EACH COUNCIL MEMBERSHIP CLASS HAS THE SAME AUTHORITY AND LIMITATIONS AS TO THEIR AUTHORITY OVER THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE ONLY AUTHORITY THE COUNCILS HAVE OVER THE ORGANIZATION IS THEY EACH HAVE THE RIGHT TO SEPARATELY ELECT AND APPROVE TWO OF THEIR MEMBERS TO SERVE AS DIRECTORS ON THE ORGANIZATION'S BOARD OF DIRECTORS. THE COUNCIL RETAINS THE RIGHT TO REMOVE AND REPLACE ANY DIRECTOR THEY APPOINTED. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEES HAVE THE AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THE OFFICERS AND BOARD MEMBERS WILL RECEIVE A DRAFT BEFORE FILING. OFFICERS AND AUDIT COMMITTEE MEMBERS WILL PERFORM A DETAILED REVIEW AND OTHERS WILL BE ASKED FOR COMMENTS AND QUESTIONS. ONCE THE DRAFT IS CONSIDERED FINAL AN UPDATED DRAFT WILL BE PROVIDED TO ALL VOTING BOARD MEMBERS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND EMPLOYEES ARE COVERED AND ARE VERBALLY REQUESTED TO PROVIDE INFORMATION ON CONFLICTS AT THE INITIAL BOARD AND STAFF MEETINGS OF THE YEAR. IF A CONFLICT DOES ARISE THE PERSON(S) IN CONFLICT WILL RECUES THEMSELVES FROM THE DISCUSSION AND VOTE. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD DETERMINES THE PRESIDENT AND OTHER EXECUTIVE COMPENSATIONS ANNUALLY. THE PROCESS INCLUDES COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: NO CHANGES FROM PRIOR YEARS. CEDAR RAPIDS METRO ECONOMIC ALLIANCE FOUNDATION 501 FIRST ST SE CEDAR RAPIDS IA 52401 421206276 EDUCATION & WORKFORCE DEVELOPMENT GRANTS IA 501(C)(3) LINE 12A, I CEDAR RAPIDS METRO ECONOMIC ALLIANCE 1 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0