Nonprofit · EIN 87-2687887
OELWEIN EVENT CORPORATION
Tax-exempt · OELWEIN, IA 50662
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $876,776 | $422,076 | $454,700 | $5,719,239 | $2,325,064 | $3,394,175 |
| June 30, 2024 | 990 | $114,632 | $202,228 | -$87,596 | $4,977,649 | $2,038,174 | $2,939,475 |
| June 30, 2023 | 990 | $3,174,824 | $147,753 | $3,027,071 | $3,072,072 | $45,001 | $3,027,071 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $772,130
- Program service revenue
- $104,233
- Investment income
- $413
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $54,882
- Salaries, compensation and benefits (total)
- $59,561
- Professional fundraising fees
- $1,589
- Legal fees
- $8,929
- Accounting fees
- $3,745
- Depreciation
- $167,196
- Program services (functional)
- $315,368
- Management and general (functional)
- $105,119
- Fundraising (functional)
- $1,589
Balance sheet and other
- Total assets, start of year
- $4,977,649
- Total assets, end of year
- $5,719,239
- Total liabilities, end of year
- $2,325,064
- Net assets, end of year
- $3,394,175
- Land, buildings and equipment
- $4,564,333
- Net assets with donor restrictions
- $3,394,175
- Gross receipts
- $876,776
- Employees
- 0
- Year formed
- 2021
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jim Kullmer | Director Trustee or director | 0 | $0 |
| Sarah Lewis | Treasurer Trustee or director | 0 | $0 |
| Deb Howard | President Trustee or director | 0 | $0 |
990 for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jim Kullmer | Director Trustee or director | 0 | $0 |
| Sarah Lewis | Treasurer Trustee or director | 0 | $0 |
| Deb Howard | President Trustee or director | 0 | $0 |
990 for the year ended June 30, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jim Kullmer | President Trustee or director | 0 | $0 |
| Sarah Lewis | Treasurer Trustee or director | 0 | $0 |
| Deb Howard | Secretary Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 6 S FREDERICK AVE, OELWEIN, IA 50662-2305
- Mailing address (990-N for 2021)
- 6 SOUTH FREDERICK, OELWEIN IA 50662
- Principal officer (990 for 2024)
- Deb Howard, 6 S Frederick Ave, Oelwein, IA 50662
- Principal officer (990-N for 2021)
- Jim Kullmer, 150 1st St Se, Oelwein IA 50662
- Signed the 990
- Deb Howard, President
- Return prepared by
- RFSW & Co CPAs PC
Mission
To anchor the downtown Oelwein and provide a large influx of visistors to the greater Oelwein Area while also giving back to the community.
Program accomplishments
- To anchor the downtown Oelwein and provide a large influx of visitors to the greater Oelwein Area while also giving back to the community.Expenses $315,368 · revenue $876,776
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 87-2687887
- 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
- 2022
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S99)
- Assets (IRS master file)
- $5,719,239
- Income (IRS master file)
- $876,776
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $876,776 | $422,076 | $5,719,239 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $114,632 | $202,228 | $4,977,649 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $3,174,824 | $147,753 | $3,072,072 | XML |
| 990-N for 2021 Officer: Jim Kullmer | June 30, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
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 87-2687887).
Questions about OELWEIN EVENT CORPORATION
- What is the EIN of OELWEIN EVENT CORPORATION?
- The employer identification number (EIN) of OELWEIN EVENT CORPORATION is 87-2687887.
- Is OELWEIN EVENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to OELWEIN EVENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OELWEIN EVENT 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 OELWEIN EVENT CORPORATION 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 OELWEIN EVENT CORPORATION 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 OELWEIN EVENT CORPORATION?
- The 990 for the year ended June 30, 2025 names Deb Howard.
- Who are the officers and directors of OELWEIN EVENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does OELWEIN EVENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $876,776, expenses of $422,076 and total assets of $5,719,239 at year end.
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