Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 42-1241941

GROW CEDAR VALLEY

Tax-exempt · WATERLOO, IA 50701

Financials

$2.2M$1.7M2022$2.3M$2.2M2023$2.2M$2.3M2024
Revenue Expenses · by fiscal year end
Financials of GROW CEDAR VALLEY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$2,192,215$2,315,856-$123,641$2,362,888$648,768$1,714,120
June 30, 2024990$2,261,185$2,196,086$65,099$2,423,468$585,707$1,837,761
June 30, 2023990$2,150,725$1,656,713$494,012$2,376,948$604,286$1,772,662
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$1,303,768
Membership dues
$1,042,589
Program service revenue
$684,310
Investment income
$57,859
Net rental income
$15,524
Net income from fundraising events
$756
Other revenue
$146,278

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$184,649
Other salaries and wages
$1,167,865
Salaries, compensation and benefits (total)
$1,577,512
Professional fundraising fees
$0
Legal fees
$23,662
Accounting fees
$28,595
Occupancy
$45,922
Travel
$15,513
Depreciation
$11,980
Program services (functional)
$2,315,856

Balance sheet and other

Total assets, start of year
$2,423,468
Total assets, end of year
$2,362,888
Total liabilities, end of year
$648,768
Net assets, end of year
$1,714,120
Land, buildings and equipment
$172,507
Net assets without donor restrictions
$1,714,120
Gross unrelated business income
$7,721
Gross receipts
$2,201,688
Employees
17
Volunteers
184
Year formed
1984
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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
KATY SUSONGPRESIDENT /
Officer
40$155,425$29,224
JAMES SCHAEFERDIR. OF INVE
Highest-paid employee
40$124,555$17,386
SANDI SOMMERFELTVP OF OPERAT
Highest-paid employee
40$122,245$19,421
LISA SKUBALVP OF ECONOM
Highest-paid employee
40$125,534$9,938
CAROLYN DARRAHPAST SECRETA
Former
40$107,968$9,141
DAVID WILSON CCIMCHAIR
Trustee or director, Officer
0.5$0$0
RENEE CHRISTOFFERVICE CHAIR
Trustee or director, Officer
0.5$0$0
VICKI PARSONSTREASURER
Trustee or director, Officer
0.5$0$0
MIKE MALLAROPAST CHAIR
Trustee or director, Officer
0.5$0$0
MELISSA READELEADER VALLE
Trustee or director
0.5$0$0
SUSAN ABERNATHYDIRECTOR
Trustee or director
0.5$0$0
KIM BEARDIRECTOR
Trustee or director
0.5$0$0
EDITA BEGICAT LARGE
Trustee or director
0.5$0$0
JOY BRISCOEAT LARGE
Trustee or director
0.5$0$0
JAMES BRONNERDIRECTOR
Trustee or director
0.5$0$0
18 more people on this return
NameTitleHours / weekCompensation
FABIO CASTRODIRECTOR
Trustee or director
0.5$0
DAVE DEAVERDIRECTOR
Trustee or director
0.5$0
DR REBECCA EHRETSMANDIRECTOR
Trustee or director
0.5$0
TAVIS HALLDIRECTOR
Trustee or director
0.5$0
KRIS HANSENAT LARGE
Trustee or director
0.5$0
MAYOR QUENTIN HARTDIRECTOR
Trustee or director
0.5$0
DR TODD HOLCOMBDIRECTOR
Trustee or director
0.5$0
KATHRYN KUNERTDIRECTOR
Trustee or director
0.5$0
MAYOR DANNY LAUDICKDIRECTOR
Trustee or director
0.5$0
RYAN MEYERDIRECTOR
Trustee or director
0.5$0
JIM MILLERDIRECTOR
Trustee or director
0.5$0
PHIL NASHAT LARGE
Trustee or director
0.5$0
DR MARK NOOKDIRECTOR
Trustee or director
0.5$0
ERICA PARKSAT LARGE
Trustee or director
0.5$0
ANDY PATTEEDIRECTOR
Trustee or director
0.5$0
JOSH SCHMIDTAT LARGE
Trustee or director
0.5$0
DR JARED SMITHDIRECTOR
Trustee or director
0.5$0
DUSTIN WHITEHEADDIRECTOR
Trustee or director
0.5$0
990 for the year ended June 30, 2024: 33 people
NameTitleHours / weekCompensationOther / benefits
CAROLYN DARRAHPAST SECRETA
Former
40$207,003$22,795
MELISSA READELEADER VALLE
Highest-paid employee
40$121,477$21,942
JAMES SCHAEFERDIR. OF INVE
Highest-paid employee
40$118,416$17,379
SANDI SOMMERFELTVP OF OPERAT
Highest-paid employee
40$114,418$18,754
LISA SKUBALVP OF ECONOM
Highest-paid employee
40$120,837$9,198
KATY SUSONGSECRETARY /
Trustee or director, Officer
40$0$0
MIKE MALLAROCHAIR
Trustee or director, Officer
0.5$0$0
DAVID WILSON CCIMVICE CHAIR
Trustee or director, Officer
0.5$0$0
RENEE CHRISTOFFERTREASURER
Trustee or director, Officer
0.5$0$0
REBECCA GUINNPAST CHAIR
Trustee or director, Officer
0.5$0$0
JAMES BRONNERDIRECTOR
Trustee or director
0.5$0$0
MAYOR QUENTIN HARTDIRECTOR
Trustee or director
0.5$0$0
TODD HOLCOMBDIRECTOR
Trustee or director
0.5$0$0
KATHRYN KUNERTDIRECTOR
Trustee or director
0.5$0$0
DANNY LAUDICKDIRECTOR
Trustee or director
0.5$0$0
ANDY PATTEEDIRECTOR
Trustee or director
0.5$0$0
BROOKE CROSHIER-SIDEBOTHAMDIRECTOR
Trustee or director
0.5$0$0
DAVE DEAVERDIRECTOR
Trustee or director
0.5$0$0
DANIEL TRELKADIRECTOR
Trustee or director
0.5$0$0
JARED SMITHDIRECTOR
Trustee or director
0.5$0$0
DAVID DEEDSAT LARGE
Trustee or director
0.5$0$0
ATUL PATELAT LARGE
Trustee or director
0.5$0$0
GWENNETTE BERRYAT LARGE
Trustee or director
0.5$0$0
EDITA BEGICAT LARGE
Trustee or director
0.5$0$0
JOY BRISCOEAT LARGE
Trustee or director
0.5$0$0
KRIS HANSENAT LARGE
Trustee or director
0.5$0$0
KATIE HILLYERDIRECTOR
Trustee or director
0.5$0$0
JIM MILLERDIRECTOR
Trustee or director
0.5$0$0
DR REBECCA EHRETSMANDIRECTOR
Trustee or director
0.5$0$0
DR MARK NOOKDIRECTOR
Trustee or director
0.5$0$0
VICKI PARSONSDIRECTOR
Trustee or director
0.5$0$0
FELICIA SMITH-NALLSAT LARGE
Trustee or director
0.5$0$0
DUSTIN WHITEHEADDIRECTOR
Trustee or director
0.5$0$0
990 for the year ended June 30, 2023: 40 people
NameTitleHours / weekCompensationOther / benefits
CAROLYN DARRAHSECRETARY /
Trustee or director, Officer
40$187,098$18,336
MELISSA READELEADER VALLE
Highest-paid employee
40$116,682$14,417
JAMES SCHAEFERDIR. OF INVE
Highest-paid employee
40$116,061$14,355
LISA SKUBALVP OF ECONOM
Highest-paid employee
40$116,510$7,543
MIKE MALLAROCHAIR
Trustee or director, Officer
0.5$0$0
DAVID WILSON CCIMTREASURER
Trustee or director, Officer
0.5$0$0
PAMELA DELAGARDELLEVICE CHAIR
Trustee or director, Officer
0.5$0$0
REBECCA GUINNPAST CHAIR
Trustee or director, Officer
0.5$0$0
CHRIS FEREDAYDIRECTOR
Trustee or director
0.5$0$0
DAVID ADAMSDIRECTOR
Trustee or director
0.5$0$0
STEVEN BERNARDDIRECTOR
Trustee or director
0.5$0$0
JAMES BRONNERDIRECTOR
Trustee or director
0.5$0$0
DR NAFISSA CISSE EGBUONYEDIRECTOR
Trustee or director
0.5$0$0
MAYOR ROB GREENDIRECTOR
Trustee or director
0.5$0$0
MAYOR QUENTIN HARTDIRECTOR
Trustee or director
0.5$0$0
TODD HOLCOMBDIRECTOR
Trustee or director
0.5$0$0
KATHRYN KUNERTDIRECTOR
Trustee or director
0.5$0$0
DANNY LAUDICKDIRECTOR
Trustee or director
0.5$0$0
ANDY PATTEEDIRECTOR
Trustee or director
0.5$0$0
BOB PETERSENDIRECTOR
Trustee or director
0.5$0$0
JEREMY SORENSENDIRECTOR
Trustee or director
0.5$0$0
KATY SUSONGDIRECTOR
Trustee or director
0.5$0$0
BROOKE CROSHIER-SIDEBOTHAMDIRECTOR
Trustee or director
0.5$0$0
JANET JOHNSONDIRECTOR
Trustee or director
0.5$0$0
DAVE DEAVERDIRECTOR
Trustee or director
0.5$0$0
ZACH HANSENDIRECTOR
Trustee or director
0.5$0$0
REBECCA NEIDUSKIDIRECTOR
Trustee or director
0.5$0$0
DANIEL TRELKADIRECTOR
Trustee or director
0.5$0$0
DR MARK NOOKDIRECTOR
Trustee or director
0.5$0$0
TIM VERHEYANDIRECTOR
Trustee or director
0.5$0$0
JARED SMITHDIRECTOR
Trustee or director
0.5$0$0
MIKEL WOODSAT LARGE
Trustee or director
0.5$0$0
DAVID DEEDSAT LARGE
Trustee or director
0.5$0$0
ATUL PATELAT LARGE
Trustee or director
0.5$0$0
RICK PETERSENAT LARGE
Trustee or director
0.5$0$0
AMY WIENANDSAT LARGE
Trustee or director
0.5$0$0
JOHN HUFFAT LARGE
Trustee or director
0.5$0$0
GWENNETTE BERRYAT LARGE
Trustee or director
0.5$0$0
BRYAN EARNESTAT LARGE
Trustee or director
0.5$0$0
RENEE CHRISTOFFERAT LARGE
Trustee or director
0.5$0$0

Address and contacts

Address (IRS master file)
360 WESTFIELD AVENUE, WATERLOO, IA 50701-1312
Principal officer (990 for 2024)
KATY SUSONG, 360 WESTFIELD AVENUE, SUITE 200, WATERLOO, IA 50701
Signed the 990
KATY SUSONG, PRESIDENT / CEO
Phone
(319) 232-1156
Return prepared by
HOGAN - HANSEN PC

Mission

WORKING TO INCREASE THE ECONOMIC VITALITY AND WEALTH IN THE WATERLOO/CEDAR FALLS AREA AND SURROUNDING ECONOMIC REGION.

990 for the year ended June 30, 2025

Program accomplishments

  • ECONOMIC DEVELOPMENT ACTIVITIES AIMED AT PROMOTING THE WATERLOO/CEDAR FALLS, IOWA METROPOLITAN AREA TO NEW AND EXISTING BUSINESSES.

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
42-1241941
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1985
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,362,888
Income (IRS master file)
$2,201,688

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$2,192,215$2,315,856$2,362,888XML
990June 2024$2,261,185$2,196,086$2,423,468XML
990June 2023$2,150,725$1,656,713$2,376,948XML
990June 2022$1,840,706$1,562,838$2,127,308IRS
990June 2021–––IRS
990June 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 42-1241941).

Questions about GROW CEDAR VALLEY

What is the EIN of GROW CEDAR VALLEY?
The employer identification number (EIN) of GROW CEDAR VALLEY is 42-1241941.
Is GROW CEDAR VALLEY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1985.
Are donations to GROW CEDAR VALLEY tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does GROW CEDAR VALLEY 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 GROW CEDAR VALLEY due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GROW CEDAR VALLEY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of GROW CEDAR VALLEY?
The 990 for the year ended June 30, 2025 names KATY SUSONG.
Who are the officers and directors of GROW CEDAR VALLEY?
The 990 for the year ended June 30, 2025 lists 33 people; 5 received compensation from the organization, the highest $155,425 (KATY SUSONG, PRESIDENT /).
How much revenue does GROW CEDAR VALLEY have?
On its 990 for the year ended June 30, 2025 it reported revenue of $2,192,215, expenses of $2,315,856 and total assets of $2,362,888 at year end.

Other nonprofits in WATERLOO

All nonprofits in WATERLOO · Iowa