2023-06-29T16:19:47-05:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 600 3RD AVENUE SE SUITE 300 CEDAR RAPIDS IA 52401 990 2022-01-01 420172900 CEDAR RAPIDS METRO ECONOMIC ALLIANCE CEDA 3193985317 501 FIRST ST SE CEDAR RAPIDS IA 52401 DOUGLAS NEUMANN PRESIDENT/CEO 3193985317 2023-06-27 1 DOUGLAS NEUMANN 999009999 0 DAVID LITTLE P01480921 3193632697 2023-06-27 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DOUGLAS NEUMANN 501 FIRST ST SE CEDAR RAPIDS IA 52401 6461294 0 X WWW.CEDARRAPIDS.ORG X 1918 IA TO DRIVE ECONOMIC, WORKFORCE AND POPULATION GROWTH STRATEGIES, AND TO HELP BUSINESSES SUCCEED. 11 11 32 150 26990 1603 372543 100944 3626562 3683694 52819 27146 38545 63107 4090469 3874891 96297 70000 0 0 2003826 2088305 0 0 0 1679874 1975601 3779997 4133906 310472 -259015 4696804 6290012 1318382 3425040 3378422 2864972 X TO DRIVE ECONOMIC, WORKFORCE AND POPULATION GROWTH STRATEGIES, AND TO HELP BUSINESSES SUCCEED. 0 0 ECONOMIC DEVELOPMENT - UNDER ECONOMIC DEVELOPMENT THE ECONOMIC ALLIANCE'S STRATEGIC GOALS ARE AS FOLLOWS: ATTRACT, GROW AND RETAIN INTERSTATE COMMERCE BUSINESS. OUR FOCUS IS TARGETED TOWARD BIO-PROCESSING/FOOD INGREDIENTS, DISTRIBUTION/LOGISTICS, ELECTRONIC EQUIPMENT/DESIGN, FOOD PROCESSING, FINANCIAL SERVICES/INSURANCE, INFORMATION TECHNOLOGY, PROCESS MANUFACTURING AND WIND ENERGY.1. DEVELOP AND MAINTAIN REPORTS OF DATA TOOLS TO ASSIST WITH PROJECT MANAGEMENT, BUSINESS AND WORKFORCE DEVELOPMENT.2. COORDINATE AND FACILITATE PROJECTS TO UTILIZE FINANCIAL TOOLS AND PROGRAMS FOR PROSPECTS AND CLIENTS.3. MAINTAIN AND ADVANCE RELATIONSHIPS WITH EXISTING COMPANIES TO IDENTIFY GROWTH AND RETENTION OPPORTUNITIES.4. DEVELOP AND IMPLEMENT STRATEGIES TO IMPROVE RECRUITMENT OF NEW COMPANIES. ALL PROGRAMS AND ECONOMIC DEVELOPMENT EFFORTS ARE DESIGNED TO MEET ONE OR MORE OF THE GOALS. WHILE MANY OF OUR ECONOMIC ALLIANCE STAFF SPEND TIME ON ECONOMIC DEVELOPMENT ORIENTED PROGRAMS, PROJECTS AND INITIATIVES, WE HAVE AN ECONOMIC DEVELOPMENT TEAM WHO SPECIFICALLY FOCUS ON MEETING OUR ECONOMIC DEVELOPMENT STRATEGIC GOALS. COMMUNITY DEVELOPMENT - UNDER COMMUNITY DEVELOPMENT THE ECONOMIC ALLIANCE'S STRATEGIC GOALS ARE AS FOLLOWS: GROW CORE CENTRAL DISTRICTS IN CEDAR RAPIDS AND SUPPORT SURROUNDING COMMUNITIES.1. DEVELOP AND BEGIN IMPLEMENTATION OF AN UPDATED STRATEGIC PLAN FOR THE CEDAR RAPIDS DOWNTOWN DISTRICT AND MEDICAL DISTRICT.2. ASSIST THE CITY OF CEDAR RAPIDS IN ITS PLAN FOR FLOOD PROTECTION AND FINANCIAL SUPPORT. BUSINESS SUPPORT - UNDER BUSINESS SUPPORT THE ECONOMIC ALLIANCE'S STRATEGIC GOALS ARE AS FOLLOWS:CREATE A STRONG BUSINESS ENVIRONMENT WHICH SUPPORTS ALL EMPLOYERS. ADDITIONALLY, WE WILL FOCUS ON SMALL AND LOCALLY-OWNED BUSINESSES TO ACHIEVE THE FOLLOWING:1. ENGAGE AND CONNECT BUSINESSES THROUGH NETWORKING, COMMUNITY AND PROFESSIONAL DEVELOPMENT PROGRAMS.2. PROVIDE EDUCATION AND AWARENESS ON LOCAL, REGIONAL AND STATE INITIATIVES WHICH ENHANCE REGIONAL AND STATE TRADE. REGIONAL DEVELOPMENT - OUR REGIONAL DEVELOPMENT CORE FUNCTION IS DEDICATED TO COORDINATING WITH PARTNERS TO CONTRIBUTE TO THE FOLLOWING REGIONAL INITIATIVES: BRAND/IMAGE, WORKFORCE, CIVIC ENGAGEMENT, ENTREPRENEURISM AND DIVERSITY/INCLUSION. LEADERSHIP FOR FIVE SEASONS: LEADERSHIP FOR FIVE SEASONS IS A PROGRAM DEVELOPED AND MANAGED BY THE CEDAR RAPIDS METRO ECONOMIC ALLIANCE TO PREPARE EMERGING AND EXISTING LEADERS IN THE CEDAR RAPIDS AREA TO BE COMMUNITY TRUSTEES. THE GOAL OF THE PROGRAM IS TO EMPOWER AND INSPIRE DIVERSE INDIVIDUALS TO ACTIVELY LEAD IN SHAPING AND ENHANCING OUR QUALITY OF LIFE - SUPPLYING THE COMMUNITY WITH INFORMED, SKILLED LEADERS WILLING TO SERVE AS ACTIVE VOLUNTEERS. IOWA'S CREATIVE CORRIDOR (ICR IOWA): ICR IOWA REPRESENTS A SEVEN COUNTY REGIONAL PARTNERSHIP FOR BENTON, CEDAR, IOWA, JOHNSON, JONES, LINN AND WASHINGTON COUNTIES. REPRESENTING ONE OF THE LARGEST LABORSHEDS IN THE STATE, THE ECONOMIC DEVELOPMENT REPRESENTATIVES OF OUR AREA HAVE CREATED A STRATEGIC, SEVEN-COUNTY ALLIANCE DEDICATED TO ECONOMIC PROGRESS, WORKFORCE DEVELOPMENT, AND FOSTERING A CULTURE OF INNOVATION. IOWA'S CREATIVE CORRIDOR GIVES EMPLOYERS AND WORKFORCE ACCESS TO A REGION UNIQUELY IOWAN, FOUNDED WITH A MANUFACTURING HERITAGE, BUT ACTIVELY SEEKING NEW FRONTIERS AND OPPORTUNITIES IN INFORMATION TECHNOLOGY, BIOTECHNOLOGY AND BIOPROCESSING, RENEWABLE ENERGY, AND EDUCATIONAL SERVICES. IMPACTCR: THE CONCEPT IS SIMPLE - PROVIDE OUR MEMBERS THE OPPORTUNITY TO CONNECT, HAVE A VOICE AND MAKE A DIFFERENCE IN THEIR COMMUNITY.PUBLIC POLICY - THE ECONOMIC ALLIANCE IS FOCUESED ON PUBLIC POLICY ADVOCACY THAT SUPPORTS THE ORGANIZATION'S OTHER FOUR CORE FUNCTIONS: BUSINESS SUPPORT, COMMUNITY DEVELOPMENT, ECONOMIC DEVELOPMENT AND REGIONAL DEVELOPMENT.THE ECONOMIC ALLIANCE COLLABORATES WITH THE BUSINESS COMMUNITY AND OTHER STAKEHOLDERS AND PARTNERS, INCLUDING LOCAL MUNICIPALITIES AND ENTITIES, THE U.S. CHAMBER OF COMMERCE AND IOWA CHAMBER ALLIANCE TO DEVELOP A LOCAL, STATE AND FEDERAL POLICY AGENDA. WE THEN PROVIDE A UNIFIED VOICE TO ADVOCATE FOR PRO-BUSINESS AND PRO-GROWTH ISSUES KEY TO OUR MEMBERS AND THE REGION. 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 1 39 0 1 32 1 1 1 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 1 1 0 1 1 X DOUGLAS NEUMANN 3193985317 501 FIRST ST SE CEDAR RAPIDS IA 52401 BUSE TATUM PAST CHAIR 1.00 X X 0 0 0 EKBERG HUGH CHAIR 1.00 X X 0 0 0 PARMLEY ANNE VICE CHAIR 1.00 X X 0 0 0 GLEW NICK DIRECTOR 1.00 X 0 0 0 KLEIN JAMES DIRECTOR 1.00 X 0 0 0 MONGA PANKAJ DIRECTOR 1.00 X 0 0 0 POMERANZ JEFF DIRECTOR 1.00 X 0 0 0 SUNDBERG LORI DIRECTOR 1.00 X 0 0 0 THEONY MARK DIRECTOR 1.00 X 0 0 0 TYLER CHARITY DIRECTOR 1.00 X 0 0 0 WHEELER CHIRS DIRECTOR 1.00 X 0 0 0 NEUMANN DOUGLAS PRESIDENT/CEO 40.00 1.00 X 195369 0 18676 WHEELER AUDREY ASSISTANT SECRETARY 40.00 X 110130 0 5643 CORBETT RON VP OF ECONOMIC DEVELOPMENT 40.00 X 188996 0 17400 WASTA PHIL MEDICAL SSMID MANAGER 40.00 X 115791 0 17158 610286 0 58877 4 0 1 0 0 100944 100944 MEMBERSHIP DUES 561499 2061439 2061439 SERVICE CONTRACT REVENUE 561499 1153251 1153251 ACTIVITIES & EVENTS 561499 469004 469004 3683694 62423 62423 36117 0 36117 36117 36117 2551126 2586403 -35277 -35277 -35277 ADVERTISING INCOME 513190 26990 26990 26990 3874891 3648417 26990 98540 70000 200169 1567589 53664 147054 119829 520 66076 14767 187989 210818 95226 111527 383424 239583 185631 16448 144401 42029 SPONSORSHIPS 83756 STREETSCAPE 54345 DUES AND SUBSCRIPTIONS 49772 REPAIRS & MAINTENANCE 34485 54804 4133906 921047 653288 112724 187188 19901 58631 84727 94689 3314177 911822 407124 2402355 3138741 2893861 12540 0 4696804 6290012 388901 227608 929481 1116234 0 2081198 1318382 3425040 X 3378422 2864972 3378422 2864972 4696804 6290012 -259015 -254435 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 PART I-A, LINE 1: TO DRIVE ECONOMIC, WORKFORCE AND POPULATION GROWTH STRATEGIES, AND TO HELP BUSINESSES SUCCEED. 1908656 148070 1760586 1339203 763752 575451 66318 66318 2402355 SHORT-TERM LEASE LIABILITY 220193 LONG-TERM LEASE LIABILITY 1861005 2081198 X 3605689 -254435 -254435 3860124 14767 14767 3874891 4119139 0 4119139 14767 14767 4133906 PART X, LINE 2: THE ALLIANCE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND A SIMILAR SECTION OF IOWA INCOME TAX LAW. THE INTERNAL REVENUE SERVICE DETERMINATION IS THAT THE ALLIANCE IS OTHER THAN A PRIVATE FOUNDATION. THE ALLIANCE FILES INFORMATION RETURNS IN THE U.S. FEDERAL JURISDICTION. THE ALLIANCE FOLLOWS THE ACCOUNTING STANDARD TO EVALUATE UNCERTAIN TAX POSITIONS AND HAS DETERMINED THAT IT WAS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS. 1 ICR IOWA 501 FIRST ST SE CEDAR RAPIDS IA 52401 820959727 501(C)(6) 70000 0 JOINT VENTURE SUPPORT 1 PART I, LINE 2: THE ALLIANCE DOES NOT HAVE A FORMAL GRANT APPLICATION POLICY. GRANTS ARE CONSIDERED AND AWARDED ON A CASE BY CASE BASIS TO SUPPORT THE ALLIANCE'S CURRENT CHARITABLE AND ECONOMIC DEVELOPMENT GOALS. FOR RECURRING GRANTS TO CERTAIN ORGANIZATIONS, THE USE OF GRANT FUNDS IS REVIEWED ON AN ANNUAL BASIS. X 1 1 X X X X 0 0 0 NEUMANN DOUGLAS PRESIDENT/CEO 187469 0 0 0 7900 0 7471 0 11205 0 214045 0 0 0 CORBETT RON VP OF ECONOMIC DEVELOPMENT 156996 0 32000 0 0 0 7248 0 10152 0 206396 0 0 0 PART I, LINE 1A THE ALLIANCE PAID COUNTRY CLUB DUES ON BEHALF OF DOUGLAS NEUMANN, PRESIDENT/CEO. FOR 2022 THE TOTAL PAID WAS $7,900. THE PAYMENT FOR CLUB DUES IS DEEMED TO BE FOR BUSINESS USE AND IS REPORTED AS A NONTAXABLE BENEFIT IN OTHER COMPENSATION ON FORM 990, PART VII, COLUMN (F) AND SCHEDULE J, PART II, COLUMN (D). ICR IOWA MEMBER OF ICR IOWA AND ENTITLED TO APPOINT ONE-HALF OF THE VOTING BOARD. 70000 JOINT VENTURE SUPPORT 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS FIVE CLASSES OF MEMBERS, ONE OF WHICH IS STAKEHOLDER MEMBERS, AS A SEPARATE CLASS THESE MEMBERS HAVE NO AUTHORITY OVER THE ORGANIZATION; BUT ARE INCORPORATED AS REQUIRED MEMBERS OF THE REMAINING FOUR CLASSES. THE REMAINING FOUR MEMBER CLASSES ARE REFERRED TO AS THE "COUNCILS AND CONSIST OF: (1) MEMBERS OF THE BUSINESS SUPPORT COUNCIL, (2) MEMBERS OF THE COMMUNITY DEVELOPMENT COUNCIL, (3) MEMBERS OF THE LARGE INVESTOR COUNCIL AND (4) MEMBERS OF THE ECONOMIC DEVELOPMENT COUNCIL. EACH COUNCIL MEMBERSHIP CLASS HAS THE SAME AUTHORITY AND LIMITATIONS AS TO THEIR AUTHORITY OVER THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE ONLY AUTHORITY THE COUNCILS HAVE OVER THE ORGANIZATION IS THEY EACH HAVE THE RIGHT TO SEPARATELY ELECT AND APPROVE TWO OF THEIR MEMBERS TO SERVE AS DIRECTORS ON THE ORGANIZATION'S BOARD OF DIRECTORS. THE COUNCIL RETAINS THE RIGHT TO REMOVE AND REPLACE ANY DIRECTOR THEY APPOINTED. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEES HAVE THE AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THE OFFICERS AND BOARD MEMBERS WILL RECEIVE A DRAFT BEFORE FILING. OFFICERS AND AUDIT COMMITTEE MEMBERS WILL PERFORM A DETAILED REVIEW AND OTHERS WILL BE ASKED FOR COMMENTS AND QUESTIONS. ONCE THE DRAFT IS CONSIDERED FINAL AN UPDATED DRAFT WILL BE PROVIDED TO ALL VOTING BOARD MEMBERS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND EMPLOYEES ARE COVERED AND ARE VERBALLY REQUESTED TO PROVIDE INFORMATION ON CONFLICTS AT THE INITIAL BOARD AND STAFF MEETINGS OF THE YEAR. IF A CONFLICT DOES ARISE THE PERSON(S) IN CONFLICT WILL RECUES THEMSELVES FROM THE DISCUSSION AND VOTE. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD DETERMINES THE PRESIDENT AND OTHER EXECUTIVE COMPENSATIONS ANNUALLY. THE PROCESS INCLUDES COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: NO CHANGES FROM PRIOR YEARS. CEDAR RAPIDS METRO ECONOMIC ALLIANCE FOUNDATION 501 FIRST ST SE CEDAR RAPIDS IA 52401 421206276 EDUCATION & WORKFORCE DEVELOPMENT GRANTS IA 501(C)(3) LINE 12A, I CEDAR RAPIDS METRO ECONOMIC ALLIANCE 1 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0