Nonprofit · EIN 42-0172900
CEDAR RAPIDS METRO ECONOMIC ALLIANCE
Tax-exempt · CEDAR RAPIDS, IA 52401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $4,438,702 | $4,839,437 | -$400,735 | $5,057,841 | $2,889,331 | $2,168,510 |
| December 31, 2024 | 990 | $4,216,184 | $4,342,837 | -$126,653 | $5,502,080 | $2,979,801 | $2,522,279 |
| December 31, 2023 | 990 | $3,993,880 | $4,384,098 | -$390,218 | $5,804,478 | $3,135,105 | $2,669,373 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $3,066
- Program service revenue
- $4,141,338
- Investment income
- $165,504
- Net rental income
- $116,409
- Net gain from sales of assets
- $92,118
- Other revenue
- $128,794
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $265,492
- Other salaries and wages
- $1,765,443
- Salaries, compensation and benefits (total)
- $2,442,531
- Professional fundraising fees
- $0
- Legal fees
- $897
- Accounting fees
- $55,500
- Occupancy
- $436,856
- Travel
- $280,172
- Depreciation
- $220,726
Balance sheet and other
- Total assets, start of year
- $5,502,080
- Total assets, end of year
- $5,057,841
- Total liabilities, end of year
- $2,889,331
- Net assets, end of year
- $2,168,510
- Land, buildings and equipment
- $2,313,260
- Publicly traded securities
- $1,902,940
- Net assets without donor restrictions
- $2,168,510
- Gross unrelated business income
- $12,385
- Gross receipts
- $5,795,794
- Employees
- 31
- Volunteers
- 130
- Year formed
- 1918
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CORBETT RON | VP OF ECONOMIC DEVELOPMENT Highest-paid employee | 40 | $170,813 | $16,349 |
| NEUMANN DOUGLAS | PRESIDENT/CEO Officer | 40 | $152,583 | $5,847 |
| WASTA PHIL | MEDICAL SSMID MANAGER Highest-paid employee | 40 | $132,646 | $13,400 |
| WHEELER AUDREY | ASSISTANT SECRETARY Highest-paid employee | 40 | $128,572 | $13,276 |
| KNUTSON CALEB | DOWNTOWN EXECUTIVE DIRECTOR Highest-paid employee | 1 | $126,500 | $7,958 |
| SHAFFER JODI | TALENT ATTRACTION DIRECTOR Highest-paid employee | 1 | $122,167 | $6,298 |
| ABDEL JULIET | PRESIDENT/CEO Officer | 40 | $104,789 | $2,373 |
| EKBERG HUGH | PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| PARMLEY ANNE | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KLEIN JAMES | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BAXTER DAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BUNGE RYAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FARLINGER MAY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GLEW NICK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEPROS TED | DIRECTOR Trustee or director | 1 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAND PAULA | DIRECTOR Trustee or director | 1 | $0 |
| POMERANTZ JEFF | DIRECTOR Trustee or director | 1 | $0 |
| SHEPARD ROCKI | DIRECTOR Trustee or director | 1 | $0 |
| ZEHR JUSTIN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NEUMANN DOUGLAS | EXECUTIVE DIRECTOR Officer | 40 | $207,962 | $20,629 |
| CORBETT RON | VP OF ECONOMIC DEVELOPMENT Highest-paid employee | 40 | $166,346 | $22,134 |
| WASTA PHIL | MEDICAL SSMID MANAGER Highest-paid employee | 40 | $125,490 | $20,043 |
| WHEELER AUDREY | ASSISTANT SECRETARY Highest-paid employee | 40 | $117,483 | $13,111 |
| EKBERG HUGH | PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| PARMLEY ANNE | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KLEIN JAMES | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BAXTER DAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FARLINGER MAY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GLEW NICK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEPROS TED | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LAND PAULA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| POMERANZ JEFF | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHEPARD ROCKI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THOENY MARK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ZEHR JUSTIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NEUMANN DOUGLAS | EXECUTIVE DIRECTOR Officer | 40 | $203,319 | $20,304 |
| CORBETT RON | VP OF ECONOMIC DEVELOPMENT Highest-paid employee | 40 | $160,717 | $18,968 |
| WASTA PHIL | MEDICAL SSMID MANAGER Highest-paid employee | 40 | $120,205 | $19,320 |
| WHEELER AUDREY | ASSISTANT SECRETARY Highest-paid employee | 40 | $110,683 | $12,534 |
| BUSE TATUM | PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| EKBERG HUGH | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| PARMLEY ANNE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| GLEW NICK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEPROS TED | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KLEIN JAMES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LAND PAULA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MONGA PANKAJ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| POMERANZ JEFF | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHEPARD ROCKI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SUNDBERG LORI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THOENY MARK | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 501 1ST ST SE, CEDAR RAPIDS, IA 52401-2011
- Principal officer (990 for 2025)
- JULIET ABDEL, 501 FIRST ST SE, CEDAR RAPIDS, IA 52401
- Signed the 990
- JULIET ABDEL, PRESIDENT/CEO
- Phone
- (319) 398-5317
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
TO DRIVE ECONOMIC, WORKFORCE AND POPULATION GROWTH STRATEGIES, AND TO HELP BUSINESSES SUCCEED.
Program accomplishments
- ECONOMIC AND WORKFORCE 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.WORKFORCE DEVELOPMENT SUPPORTS WORKFORCE EFFORTS BY ADVANCING TALENT ATTRACTION, DEVELOPMENT, AND RETENTION INITIATIVES THAT ALIGN WITH REGIONAL ECONOMIC GOALS. THESE EFFORTS INCLUDE STRATEGIC PARTNERSHIPS, EMPLOYER ENGAGEMENT, AND PROGRAMS AIMED AT BUILDING A SKILLED AND SUSTAINABLE WORKFORCE.
- 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.
- 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. 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.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 42-0172900
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1943
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $5,057,841
- Income (IRS master file)
- $5,795,794
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | – | – | – | IRS |
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $3,993,880 | $4,384,098 | $5,804,478 | IRS |
| 990 | December 2022 | $3,874,891 | $4,133,906 | $6,290,012 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about CEDAR RAPIDS METRO ECONOMIC ALLIANCE
- What is the EIN of CEDAR RAPIDS METRO ECONOMIC ALLIANCE?
- The employer identification number (EIN) of CEDAR RAPIDS METRO ECONOMIC ALLIANCE is 42-0172900.
- Is CEDAR RAPIDS METRO ECONOMIC ALLIANCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1943.
- Are donations to CEDAR RAPIDS METRO ECONOMIC ALLIANCE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CEDAR RAPIDS METRO ECONOMIC ALLIANCE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CEDAR RAPIDS METRO ECONOMIC ALLIANCE due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CEDAR RAPIDS METRO ECONOMIC ALLIANCE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CEDAR RAPIDS METRO ECONOMIC ALLIANCE?
- The 990 for the year ended December 31, 2025 names JULIET ABDEL.
- Who are the officers and directors of CEDAR RAPIDS METRO ECONOMIC ALLIANCE?
- The 990 for the year ended December 31, 2025 lists 19 people; 7 received compensation from the organization, the highest $170,813 (CORBETT RON, VP OF ECONOMIC DEVELOPMENT).
- How much revenue does CEDAR RAPIDS METRO ECONOMIC ALLIANCE have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $4,438,702, expenses of $4,839,437 and total assets of $5,057,841 at year end.
Other nonprofits in CEDAR RAPIDS
- MERCY MEDICAL CENTER EIN 42-0698295 · last filed 990 for 2025
- ST LUKES METHODIST HOSPITAL EIN 42-0504780 · last filed 990 for 2024
- CENTRAL IOWA POWER COOPERATIVE EIN 42-0652127 · last filed 990 for 2024
- COE COLLEGE EIN 42-0686467 · last filed 990 for 2025
- FOUR OAKS FAMILY AND CHILDRENS SERVICES EIN 42-0998726 · last filed 990 for 2025
- MOUND FARM HOLDINGS INC EIN 42-0681046 · last filed 990 for 2025
- CORDA CREDIT UNION EIN 42-0173285 · last filed 990 for 2025
- GOODWILL INDUSTRIES OF THE HEARTLAND EIN 42-0923563 · last filed 990 for 2024