Nonprofit · EIN 92-0629253
SCHMITT ISLAND DEVELOPMENT CORPORATION
Tax-exempt · DUBUQUE, IA 52001
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,329,120 | $1,423,547 | -$94,427 | $733,204 | $329,716 | $403,488 |
| December 31, 2024 | 990 | $1,219,196 | $1,339,874 | -$120,678 | $800,192 | $302,277 | $497,915 |
| December 31, 2023 | 990 | $1,626,078 | $1,288,302 | $337,776 | $949,284 | $255,238 | $694,046 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $356,319
- Program service revenue
- $411,187
- Investment income
- $9,380
- Net rental income
- $15,376
- Net income from sales of inventory
- $440,166
- Other revenue
- $552,234
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $320,592
- Depreciation
- $65,939
- Program services (functional)
- $1,320,138
- Management and general (functional)
- $103,409
Balance sheet and other
- Total assets, start of year
- $800,192
- Total assets, end of year
- $733,204
- Total liabilities, end of year
- $329,716
- Net assets, end of year
- $403,488
- Land, buildings and equipment
- $310,932
- Net assets without donor restrictions
- $338,309
- Net assets with donor restrictions
- $65,179
- Gross receipts
- $1,567,252
- Employees
- 0
- Volunteers
- 7
- Year formed
- 2022
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHY BUHR | TREASURER Trustee or director, Officer | 4.5 | $0 |
| SARA HANTEN | PRESIDENT/CHAIR Trustee or director, Officer | 5 | $0 |
| BRIAN KUHLE | DIRECTOR Trustee or director | 4.5 | $0 |
| CAYLA SCHNEIDER | DIRECTOR Trustee or director | 4.5 | $0 |
| DENISE UDELHOFEN | SECRETARY Trustee or director, Officer | 4.5 | $0 |
| JUSTINE PARADISO | DIRECTOR Trustee or director | 4.5 | $0 |
| TOMMY LANGE | DIRECTOR Trustee or director | 4.5 | $0 |
990 for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHY BUHR | TREASURER Trustee or director, Officer | 4.5 | $0 |
| SARA HANTEN | PRESIDENT Trustee or director, Officer | 5 | $0 |
| JASON WHITE | VICE PRESIDENT Trustee or director, Officer | 4.5 | $0 |
| BRIAN KUHLE | DIRECTOR Trustee or director | 4.5 | $0 |
| CAYLA SCHNEIDER | DIRECTOR Trustee or director | 4.5 | $0 |
| DENISE UDELHOFEN | SECRETARY Trustee or director, Officer | 4.5 | $0 |
| MARIE WARE | DIRECTOR Trustee or director | 4.5 | $0 |
| JUSTINE PARADISO | DIRECTOR Trustee or director | 4.5 | $0 |
| TOMMY LANGE | DIRECTOR Trustee or director | 4.5 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHY BUHR | PRESIDENT/CHAIR Trustee or director, Officer | 2 | $0 |
| SARA HANTEN | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| KURT STRAND | SECRETARY Trustee or director, Officer | 1 | $0 |
| JASON WHITE | TREASURER Trustee or director, Officer | 1 | $0 |
| BRIAN KUHLE | DIRECTOR Trustee or director | 0.5 | $0 |
| CAYLA SCHNEIDER | DIRECTOR Trustee or director | 0.5 | $0 |
| DENISE UDELHOFEN | DIRECTOR Trustee or director | 0.5 | $0 |
| MARIE WARE | DIRECTOR Trustee or director | 0.5 | $0 |
| JUSTINE PARADISO | DIRECTOR Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 1800 ADMIRAL SHEEHY DR, DUBUQUE, IA 52001-2379
- Principal officer (990 for 2025)
- SARAH HANTEN, 1800 ADMIRAL SHEEHY DRIVE, DUBUQUE, IA 52001
- Signed the 990
- SARAH HANTEN, PRESIDENT/CHAIR
- Phone
- (563) 585-2971
- Website
- WWW.SCHMITTISLAND.COM
- Return prepared by
- HONKAMP PC
Mission
MANAGING THE ICE ARENA AND SCHMITT ISLAND ASSETS BENEFITS THE COMMUNITY BY PROVIDING CONSISTENT AND EXPANDED RECREATIONAL OPPORTUNITIES FOR THE COMMUNITY. IN ADDITION, THIS ORGANIZATION LESSENS THE BURDEN OF THE GOVERNMENT'S TIME AND RESOURCES TO MANAGE THE FACILITIES AND ITS PROGRAMS.
Program accomplishments
- THE ORGANIZATION AND CONTRACTED ENTITIES OR INDIVIDUALS MANAGE THE ICE ARENA LOCATED ON CHAPLAIN SCHMITT ISLAND IN DUBUQUE, IOWA. THIS ACTIVITY IS FUNDED THROUGH MANAGEMENT FEES PAID BY THE CITY, CONTRIBUTIONS FROM THE GENERAL PUBLIC, AND PROGRAM SERVICE FEES. NINETY-NINE PERCENT OF THE ORGANIZATIONS TIME IS ALLOCATED TO THIS ACTIVITY. NINETY-FIVE PERCENT OF OVERALL EXPENSES ARE INITIALLY ALLOCATED TO THIS ACTIVITY. MANAGEMENT OF THESE FACILITIES BENEFITS THE COMMUNITY BY PROVIDING CONSISTENT AND EXPANDED RECREATIONAL OPPORTUNITIES FOR THE COMMUNITY AND BY LESSENING THE BURDEN OF GOVERNMENT. THE CITY OF DUBUQUE WOULD OTHERWISE SPEND SIGNIFICANT TIME AND RESOURCES TO MANAGE THE FACILITIES AND ITS PROGRAMS.OTHER ACTIVITIES WILL BE CONDUCTED IN THE SAME FASHION AS ABOVE AS ADDITIONAL ASSETS AND VENUES ARE DEVELOPED ON SCHMITT ISLAND. SUCH ACTIVITIES, ASSETS, AND/OR VENUES MAY INCLUDE A WATER SPORTS FACILITY, TRAILS, AND RV PARK.Expenses $1,320,138 · revenue $963,421
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 | 990 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
- 92-0629253
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W99)
- Assets (IRS master file)
- $733,204
- Income (IRS master file)
- $1,567,252
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,329,120 | $1,423,547 | $733,204 | XML |
| 990 | December 2024 | $1,219,196 | $1,339,874 | $800,192 | XML |
| 990 | December 2023 | $1,626,078 | $1,288,302 | $949,284 | XML |
| 990 | December 2022 | $696,005 | $339,735 | $606,064 | 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 92-0629253).
Questions about SCHMITT ISLAND DEVELOPMENT CORPORATION
- What is the EIN of SCHMITT ISLAND DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of SCHMITT ISLAND DEVELOPMENT CORPORATION is 92-0629253.
- Is SCHMITT ISLAND DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to SCHMITT ISLAND DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SCHMITT ISLAND DEVELOPMENT 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 SCHMITT ISLAND DEVELOPMENT CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SCHMITT ISLAND DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of SCHMITT ISLAND DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names SARAH HANTEN.
- Who are the officers and directors of SCHMITT ISLAND DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does SCHMITT ISLAND DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,329,120, expenses of $1,423,547 and total assets of $733,204 at year end.
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