Nonprofit · EIN 42-1270680
MAQUOKETA BETTERMENT CORPORATION
Tax-exempt · MAQUOKETA, IA 52060
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $675,611 | $32,771 | $642,840 | $775,221 | $22,357 | $752,864 |
| December 31, 2023 | 990 | $37,732 | $60,811 | -$23,079 | $35,180 | $22,357 | $12,823 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $662,720
- Program service revenue
- $10,113
- Investment income
- $2,778
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $3,440
- Occupancy
- $18,487
- Program services (functional)
- $32,771
Balance sheet and other
- Total assets, start of year
- $35,180
- Total assets, end of year
- $775,221
- Total liabilities, end of year
- $22,357
- Net assets, end of year
- $752,864
- Gross receipts
- $675,611
- Employees
- 0
- Volunteers
- 10
- Year formed
- 1979
- 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 |
|---|---|---|---|
| ROBERT ABBOTT | DIRECTOR Trustee or director | – | $0 |
| BENJAMIN DAVISON | VICE PRESIDE Trustee or director, Officer | – | $0 |
| CAROLINE EHLINGER | DIRECTOR Trustee or director | – | $0 |
| SARAH JONES | SECRETARY Trustee or director, Officer | – | $0 |
| MARK LYON | DIRECTOR Trustee or director | – | $0 |
| KATIE PAULS | PRESIDENT Trustee or director, Officer | – | $0 |
| STEPHANIE SAGERS | TREASURER Trustee or director, Officer | – | $0 |
| JOSHUA BOLDT | EX OFFICIO Officer | – | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT ABBOTT | DIRECTOR Trustee or director | 0.5 | $0 |
| KRISTIE CARR | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| BENJAMIN DAVISON | DIRECTOR Trustee or director | 0.5 | $0 |
| SARAH JONES | SECRETARY Trustee or director, Officer | 1 | $0 |
| ADRIENNE KANE | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| MARK LYON | DIRECTOR Trustee or director | 0.5 | $0 |
| KATIE PAULS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| STEPHANIE SAGERS | TREASURER Trustee or director, Officer | 1 | $0 |
| JOSHUA BOLDT | EX OFFICIO Officer | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 124 S MAIN ST STE 2, MAQUOKETA, IA 52060-3072
- In care of
- % MAQUOKETA CHAMBER COMMERECE
- Principal officer (990 for 2024)
- STEPHANIE SAGERS, 124 SOUTH MAIN ST STE 2, MAQUOKETA, IA 52060
- Signed the 990
- STEPHANIE SAGERS, TREASURER
- Phone
- (563) 652-4602
- Return prepared by
- PADGETT BUSINESS SERVICES
Mission
THE MAQUOKETA BETTERMENT CORPORATION WORKS TO IMPROVE QUALITY OF LIFE, ACCESSIBLE TO ALL, BY BETTERING THE LIVES, JOBS AND EDUCATION OF THE PEOPLE OF MAQUOKETA THROUGH: 1) SUPPORTING AND GROWING EXISTING BUSINESSES AND INDUSTRIES, AND WORKING TO ATTRACT NEW PROFESSIONALS TO THE COMMUNITY; 2) REVITALIZING THE DOWNTOWN AREA; AND 3) WORKING TO ATTRACT AND EXPAND NEW RECREATION, ARTS AND TOURISM OPPORTUNITIES.
Program accomplishments
- COMMUNITY RESTORATION TO REVITALIZE THE MAQUOKETA DOWNTOWN DISTRICT.Expenses $32,771 · revenue $10,113
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
- 42-1270680
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1988
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $775,221
- Income (IRS master file)
- $675,611
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $675,611 | $32,771 | $775,221 | XML |
| 990 | December 2023 | $37,732 | $60,811 | $35,180 | XML |
| 990 | December 2022 | $25,616 | $19,274 | $58,259 | 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 42-1270680).
Questions about MAQUOKETA BETTERMENT CORPORATION
- What is the EIN of MAQUOKETA BETTERMENT CORPORATION?
- The employer identification number (EIN) of MAQUOKETA BETTERMENT CORPORATION is 42-1270680.
- Is MAQUOKETA BETTERMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to MAQUOKETA BETTERMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MAQUOKETA BETTERMENT CORPORATION 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 MAQUOKETA BETTERMENT CORPORATION 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 MAQUOKETA BETTERMENT CORPORATION 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 MAQUOKETA BETTERMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names STEPHANIE SAGERS.
- Who are the officers and directors of MAQUOKETA BETTERMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does MAQUOKETA BETTERMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $675,611, expenses of $32,771 and total assets of $775,221 at year end.
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