Nonprofit · EIN 42-0623975
AMES REGIONAL ECONOMIC ALLIANCE
Tax-exempt · AMES, IA 50010
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,983,840 | $4,188,104 | -$204,264 | $3,166,055 | $1,276,095 | $1,889,960 |
| December 31, 2023 | 990 | $3,702,271 | $3,831,356 | -$129,085 | $3,545,305 | $1,451,081 | $2,094,224 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,175,291
- of which government grants
- $1,141,141
- Membership dues
- $546,782
- Program service revenue
- $749,353
- Investment income
- $19,168
- Other revenue
- $40,028
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $298,670
- Other salaries and wages
- $1,517,968
- Salaries, compensation and benefits (total)
- $2,114,152
- Professional fundraising fees
- $0
- Accounting fees
- $41,786
- Occupancy
- $301,746
- Travel
- $102,164
- Depreciation
- $63,900
Balance sheet and other
- Total assets, start of year
- $3,545,305
- Total assets, end of year
- $3,166,055
- Total liabilities, end of year
- $1,276,095
- Net assets, end of year
- $1,889,960
- Land, buildings and equipment
- $239,302
- Net assets without donor restrictions
- $1,558,255
- Net assets with donor restrictions
- $331,705
- Gross receipts
- $3,983,840
- Employees
- 35
- Volunteers
- 0
- Year formed
- 1946
- 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 | Other / benefits |
|---|---|---|---|---|
| DANIEL CULHANE | PRESIDENT/CEO Trustee or director, Officer | 40 | $298,670 | $29,513 |
| BILLI HUNT | CULTIVATION CORRIDOR Highest-paid employee | 40 | $191,703 | $20,881 |
| ERIC SMIDT | VICE PRESIDENT Highest-paid employee | 40 | $107,932 | $24,113 |
| BRENDA DRYER | SENIOR VICE PRESIDENT Highest-paid employee | 40 | $115,286 | $7,737 |
| MITCH ANDERSON -FUEL ADVISORY COUNC | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANDY DUHN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALAINA DUHN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JILL JANES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ABBIE MILLER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MATT FRANCO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DOUG RAGALLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHELLE VOGEL | IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| TRACY DRURY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SUSAN FRANTZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RYAN MCGUIRE | DIRECTOR Trustee or director | 1 | $0 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| XENA JOLLY | DIRECTOR Trustee or director | 1 | $0 |
| JASON JENNINGS | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| JULIE MOSS | 2ND VICE CHAIR Trustee or director, Officer | 1 | $0 |
| ANDREW RICKLEFS | DIRECTOR Trustee or director | 1 | $0 |
| SAM STAGG - AMS PAST CHAIR | DIRECTOR Trustee or director | 1 | $0 |
| JONATHAN SCHROEDER | DIRECTOR Trustee or director | 1 | $0 |
| STACEY WOODWARD | DIRECTOR Trustee or director | 1 | $0 |
| JEFF JANES | CHAIR Trustee or director, Officer | 1 | $0 |
| TIM TRYON | DIRECTOR Trustee or director | 1 | $0 |
| TAMMY STEGMAN - TAF PAST CHAIR | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DANIEL CULHANE | PRESIDENT/CEO Trustee or director, Officer | 40 | $293,999 | $28,148 |
| BILL HUNT | CULTIVATION CORRIDOR Highest-paid employee | 40 | $184,853 | $0 |
| ERIC SMIDT | VICE PRESIDENT Highest-paid employee | 40 | $100,739 | $22,829 |
| BRENDA DRYER | SENIOR VICE PRESIDENT Highest-paid employee | 40 | $112,237 | $7,396 |
| EVAN JORGENSEN - FUEL PAST PRESIDEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANDY DUHN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVE GOODHUE AMS PAST CHAIR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JILL JANES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JASON JENNINGS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ABBIE MILLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DOUG RAGALLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LAWRENCE CUNNINGHAM | IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| TRACY DRURY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TANNER WINTERHOF - TAF PAST CHAIR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JULIE MOSS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| XENA JOLLY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFF JANES | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| NIKKI KYLE | 2ND VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ANDREW RICKLEFS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RANDY WOODBECK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JONATHAN SCHROEDER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STACEY WOODWARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHELLE VOGEL | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| TIM TRYON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TOYIA YOUNGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 304 MAIN ST, AMES, IA 50010-6148
- Principal officer (990 for 2024)
- DANIEL CULHANE, 304 MAIN STREET, AMES, IA 50010
- Signed the 990
- DANIEL CULHANE, PRESIDENT/CEO
- Phone
- (515) 232-2310
- Website
- WWW.AMESCHAMBER.COM
- Return prepared by
- TRUSTPOINT LLP
Mission
THE MISSION OF THE AMES REGIONAL ECONOMIC ALLIANCE IS TO PROVIDE OUR MEMBERS SERVICES THAT STRENGTHEN THE ECONOMIC VITALITY IN AMES AND ENHANCE THE QUALITY OF LIFE IN OUR COMMUNITY.
Program accomplishments
- TO PROMOTE THE CITY AND BUSINESS COMMUNITY OF AMES, IOWA.Expenses $3,106,243 · revenue $789,381
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
- 42-0623975
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1946
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,166,055
- Income (IRS master file)
- $3,983,840
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,983,840 | $4,188,104 | $3,166,055 | XML |
| 990 | December 2023 | $3,702,271 | $3,831,356 | $3,545,305 | XML |
| 990 | December 2022 | $3,265,354 | $3,267,438 | $3,708,007 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 42-0623975).
Questions about AMES REGIONAL ECONOMIC ALLIANCE
- What is the EIN of AMES REGIONAL ECONOMIC ALLIANCE?
- The employer identification number (EIN) of AMES REGIONAL ECONOMIC ALLIANCE is 42-0623975.
- Is AMES REGIONAL ECONOMIC ALLIANCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1946.
- Are donations to AMES REGIONAL ECONOMIC ALLIANCE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does AMES REGIONAL 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 AMES REGIONAL ECONOMIC ALLIANCE 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 AMES REGIONAL ECONOMIC ALLIANCE 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 AMES REGIONAL ECONOMIC ALLIANCE?
- The 990 for the year ended December 31, 2024 names DANIEL CULHANE.
- Who are the officers and directors of AMES REGIONAL ECONOMIC ALLIANCE?
- The 990 for the year ended December 31, 2024 lists 25 people; 4 received compensation from the organization, the highest $298,670 (DANIEL CULHANE, PRESIDENT/CEO).
- How much revenue does AMES REGIONAL ECONOMIC ALLIANCE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,983,840, expenses of $4,188,104 and total assets of $3,166,055 at year end.
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- YOUTH AND SHELTER SERVICES INC EIN 42-1051609 · last filed 990 for 2025
- MAINSTREAM LIVING INC STUART AMBROSE EIN 42-1042459 · last filed 990 for 2024
- PRACTICAL FARMERS OF IOWA EIN 42-1255174 · last filed 990 for 2025
- KRELL INSTITUTE INC EIN 42-1457548 · last filed 990 for 2025
- RESURRECTION UNIVERSITY EIN 36-2182170 · last filed 990 for 2023
- NORTHCREST INC EIN 42-0883987 · last filed 990 for 2025
- IOWA STATE UNIVERSITY RESEARCH PARK CORP EIN 42-1309259 · last filed 990 for 2026