Nonprofit · EIN 42-0588697
WAVERLY AREA DEVELOPMENT GROUP
Tax-exempt · WAVERLY, IA 50677
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $235,306 | $231,989 | $3,317 | $200,435 | $48,580 | $151,855 |
| December 31, 2023 | 990 | $224,685 | $236,603 | -$11,918 | $215,455 | $66,917 | $148,538 |
| December 31, 2021 | 990 | $264,638 | $224,725 | $39,913 | $234,955 | $45,362 | $189,593 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $191,804
- of which government grants
- $21,000
- Membership dues
- $136,654
- Program service revenue
- $0
- Investment income
- $5,573
- Net income from fundraising events
- $37,715
- Other revenue
- $37,929
Expenses
- Grants and similar amounts paid
- $4,100
- Compensation of officers, directors and key employees
- $57,142
- Other salaries and wages
- $81,599
- Salaries, compensation and benefits (total)
- $152,563
- Professional fundraising fees
- $0
- Accounting fees
- $650
- Occupancy
- $17,113
- Travel
- $3,283
- Depreciation
- $7,640
- Program services (functional)
- $150,226
- Management and general (functional)
- $81,763
Balance sheet and other
- Total assets, start of year
- $215,455
- Total assets, end of year
- $200,435
- Total liabilities, end of year
- $48,580
- Net assets, end of year
- $151,855
- Land, buildings and equipment
- $23,077
- Net assets without donor restrictions
- $151,855
- Gross receipts
- $241,744
- Employees
- 5
- Volunteers
- 0
- Year formed
- 1985
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TRAVIS TOLIVER | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $41,619 |
| CHELSEA PETERSEN | EXECUTIVE DIRECTOR Trustee or director, Officer | 2 | $15,523 |
| BOB BUCKINGHAM | CHAIR PERSON Trustee or director, Officer | 10 | $0 |
| CHRIS MILLER | TREASURER Trustee or director, Officer | 10 | $0 |
| JODI GEERTS | DIRECTOR Trustee or director | 2 | $0 |
| CYNDI CANNEY | DIRECTOR Trustee or director | 2 | $0 |
| MARK HANAWALT | DIRECTOR Trustee or director | 2 | $0 |
| TONYA DERNER | DIRECTOR Trustee or director | 2 | $0 |
| DWANE WATERBURY | DIRECTOR Trustee or director | 2 | $0 |
| ANDREW BELL | DIRECTOR Trustee or director | 2 | $0 |
| KRISTIN VOWELL | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TRAVIS TOLIVER | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $61,914 |
| MARK HANAWALT | CHAIR PERSON Trustee or director, Officer | 10 | $0 |
| CHRIS MILLER | TREASURER Trustee or director, Officer | 10 | $0 |
| CHRIS KNUDSON | DIRECTOR Trustee or director | 2 | $0 |
| CYNDI CANNEY | DIRECTOR Trustee or director | 2 | $0 |
| BOB BUCKINGHAM | DIRECTOR Trustee or director | 2 | $0 |
| DARRIN SIEFKEN | DIRECTOR Trustee or director | 2 | $0 |
| JORDAN SHANKS | DIRECTOR Trustee or director | 2 | $0 |
| DAVE THOMPSON | DIRECTOR Trustee or director | 2 | $0 |
| BETHANY NELSON | DIRECTOR Trustee or director | 2 | $0 |
| KRISTIN VOWELL | DIRECTOR Trustee or director | 2 | $0 |
| ANDREW BELL | DIRECTOR Trustee or director | 2 | $0 |
| DWANE WATERBURY | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2021: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TRAVIS TOLIVER | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $59,450 |
| DON MEYER | CHAIR PERSON Trustee or director, Officer | 10 | $0 |
| CHRIS MILLER | TREASURER Trustee or director, Officer | 10 | $0 |
| CHRIS KNUDSON | DIRECTOR Trustee or director | 2 | $0 |
| PHIL JONES | DIRECTOR Trustee or director | 2 | $0 |
| BOB BUCKINGHAM | DIRECTOR Trustee or director | 2 | $0 |
| PAULA STEVENEON | DIRECTOR Trustee or director | 2 | $0 |
| JORDAN SHENKS | DIRECTOR Trustee or director | 2 | $0 |
| AMBER NICOLS | DIRECTOR Trustee or director | 2 | $0 |
| LANDON JOHNSON | DIRECTOR Trustee or director | 2 | $0 |
| KRISTIN VOWELL | DIRECTOR Trustee or director | 2 | $0 |
| ANDREW BELL | DIRECTOR Trustee or director | 2 | $0 |
| DWANE WATERBURY | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 118 EAST BREMER AVENUE, WAVERLY, IA 50677-3401
- Principal officer (990 for 2024)
- CHELSEA PETERSEN, 118 E BREMER AVE, WAVERLY, IA 50677
- Signed the 990
- CHELSEA PETERSEN, EXECUTIVE DIRECTOR
- Phone
- (319) 352-4526
- Return prepared by
- Keith Oltrogge CPA PC
Mission
PUBLIC RELATIONS, TOURISM AND ECONOMIC DEVELOPMENT IN THE CITY OF WAVERLY, IOWA.
Program accomplishments
- PUBLIC RELATIONS, TOURISM AND ECONOMIC DEVELOPMENT IN THE CITY OF WAVERLY, IOWA.Expenses $150,226 · grants $4,100 · revenue $214
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 | Not 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
- 42-0588697
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1955
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $200,435
- Income (IRS master file)
- $241,744
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $235,306 | $231,989 | $200,435 | XML |
| 990 | December 2023 | $224,685 | $236,603 | $215,455 | XML |
| 990 | December 2022 | $210,918 | $240,055 | $211,267 | IRS |
| 990 | December 2021 | $264,638 | $224,725 | $234,955 | XML |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 42-0588697).
Questions about WAVERLY AREA DEVELOPMENT GROUP
- What is the EIN of WAVERLY AREA DEVELOPMENT GROUP?
- The employer identification number (EIN) of WAVERLY AREA DEVELOPMENT GROUP is 42-0588697.
- Is WAVERLY AREA DEVELOPMENT GROUP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1955.
- Are donations to WAVERLY AREA DEVELOPMENT GROUP tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does WAVERLY AREA DEVELOPMENT GROUP 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 WAVERLY AREA DEVELOPMENT GROUP due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WAVERLY AREA DEVELOPMENT GROUP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of WAVERLY AREA DEVELOPMENT GROUP?
- The 990 for the year ended December 31, 2024 names CHELSEA PETERSEN.
- Who are the officers and directors of WAVERLY AREA DEVELOPMENT GROUP?
- The 990 for the year ended December 31, 2024 lists 11 people; 2 received compensation from the organization, the highest $41,619 (TRAVIS TOLIVER, EXECUTIVE DIRECTOR).
- How much revenue does WAVERLY AREA DEVELOPMENT GROUP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $235,306, expenses of $231,989 and total assets of $200,435 at year end.
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