2024-11-04T15:02:07-06:00 2024-06-30 420946155 HONKAMP KRUEGER & CO PC 550 2ND ST SE UNIT 401 CEDAR RAPIDS IA 52401 990 2023-07-01 852055031 IOWA CITY AREA SPORTS COMMISSION IOWA 3193376592 900 FIRST AVENUE CORALVILLE IA 52241 JOSH SCHAMBERGER DESIGNATED DIRECTOR 3193376592 2024-11-01 1 0 JOHN M WARREN CPA P00323800 3195530015 2024-11-01 2023 2024-10-15 13:58:12Z JOSH SCHAMBERGER 900 FIRST AVENUE CORALVILLE IA 52241 672564 0 X WWW.THINKIOWACITY.COM X 2020 IA THE COMMISSION IS ORGANIZED FOR THE PURPOSE OF FOSTERING NATIONAL OR INTERNATIONAL SPORTS COMPETITION IN THE GREATER IOWA CITY, IOWA METROPOLITAN AREA; TO SUPPORT & DEVELOP AMATEUR FOR NATIONAL & INTERNATIONAL SPORTS COMPETITION. 13 13 0 0 0 0 447860 204445 922840 468119 0 0 0 0 1370700 672564 0 59192 0 0 139318 165634 0 0 0 1069826 435478 1209144 660304 161556 12260 260341 272601 0 0 260341 272601 THE COMMISSION IS ORGANIZED FOR THE PURPOSE OF FOSTERING NATIONAL OR INTERNATIONAL SPORTS COMPETITION IN THE GREATER IOWA CITY, IOWA METROPOLITAN AREA; TO SUPPORT & DEVELOP AMATEUR FOR NATIONAL & INTERNATIONAL SPORTS COMPETITION. 0 0 660304 59192 468119 PROVIDE GRANT FUNDING TO AMATEUR ATHLETIC ORGANIZATIONS THAT CONDUCT NATIONAL OR INTERNATIONAL SPORTS COMPETITION IN THE IOWA CITY/CORALVILLE AREA. 660304 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 X JOSH SCHAMBERGER 3193376592 900 FIRST AVENUE CORALVILLE IA 52241 X MATT HENDERSON PAST CHAIR 1.00 X 0 0 0 JULI SEYDELL JOHNSON CHAIR 2.00 X X 0 0 0 EMILY DOWNES VICE CHAIR 2.00 X X 0 0 0 RICK KLATT TREASURER 2.00 X X 0 0 0 DALE ARENS DIRECTOR 1.00 X 0 0 0 SHELLY SIMPSON DIRECTOR 1.00 X 0 0 0 NICK BURRELL SECRETARY 2.00 X X 0 0 0 LIZ HUBING DIRECTOR 1.00 X 0 0 0 MITCH GROSS DIRECTOR 1.00 X 0 0 0 NATHAN EICHORST DIRECTOR 1.00 X 0 0 0 SHERRI PROUD DIRECTOR 1.00 X 0 0 0 JOSH SCHAMBERGER DESIGNATED DIRECTOR 5.00 X 0 0 0 NICK KAEDING DESIGNATED DIRECTOR 5.00 X 0 0 0 0 0 0 0 0 0 0 0 204445 204445 SPORTS COMMISSION REVE 711300 468119 468119 468119 672564 468119 0 0 59192 59192 147756 147756 5899 5899 1976 1976 10003 10003 20738 20738 16087 16087 EVENT OPERATIONS 389973 389973 SPORTS COMMISSION ADMIN 7289 7289 SPORTS COMMISSION SERVI 1391 1391 660304 660304 0 0 51428 79774 228800 35973 208913 192827 260341 272601 0 0 X 260341 272601 260341 272601 260341 272601 12260 0 X 0 0 0 X 54166 175262 922840 468119 1620387 54166 175262 922840 468119 1620387 1620387 1620387 1.00000 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 228800 35973 192827 192827 PART X - FIN 48 FOOTNOTE THE COMMISSION IS SUBJECT TO RULES FOR THE RECOGNITION, MEASUREMENT, CLASSIFICATION, AND DISCLOSURE IN THE FINANCIAL STATEMENTS OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COMMISSION'S INCOME TAX RETURNS. MANAGEMENT IS NOT AWARE OF ANY TAX POSITIONS THAT WOULD HAVE A MATERIAL EFFECT ON THE FINANCIAL STATEMENTS THAT ARE MORE LIKELY THAN NOT TO CHANGE IN THE NEXT TWELVE MONTHS, OR THAT WOULD NOT SUSTAIN AN EXAMINATION BY APPLICABLE TAXING AUTHORITIES WITH FULL KNOWLEDGE OF THE POSITION AND ALL RELEVANT FACTS. SINCE TAX MATTERS ARE SUBJECT TO SOME DEGREE OF UNCERTAINTY, THERE CAN BE NO ASSURANCE THAT THE COMMISSION'S INCOME TAX RETURNS WILL NOT BE CHALLENGED BY THE TAXING AUTHORITIES AND THAT THE COMMISSION WILL NOT BE SUBJECT TO ADDITIONAL TAX, PENALTIES, AND INTEREST AS A RESULT OF SUCH CHALLENGE. THE COMMISSION RECOGNIZED PENALTIES AND INTEREST ARISING FROM UNCERTAIN TAX POSITIONS WHEN INCURRED. NO SUCH PENALTIES OR INTEREST WERE RECOGNIZED DURING THE YEAR ENDED JUNE 30, 2024. THE COMMISSION FILES ANNUAL INFORMATION RETURNS WITH THE INTERNAL REVENUE SERVICE. THE COMMISSION'S RETURNS FOR THE YEARS ENDED JUNE 30, 2022 THROUGH JUNE 30, 2024 ARE OPEN TO EXAMINATION BY THE TAXING AUTHORITIES GENERALLY FOR A PERIOD OF THREE YEARS AFTER THEY WERE FILED. 1 IOWA GIRLS HIGH SCHOOL ATHLETIC UNION 20000 0 RSAD GRANT - STATE VOLLEYBALL, STATE TENNIS AND GIRLS STATE WRESTLING. IOWA HIGH SCHOOL ATHLETIC ASSOCIATION 11000 0 FY24 RSAD GRANT - BOYS STATE WRESTLING DUALS, 3A/4A STATE BASEBALL, STATE TENNIS AND STATE SWIMMING. IOWA FLYERS SWIM CLUB 8500 0 RSAD GRANTS FOR SWIMMING CHAMPIONSHIPS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S ACCOUNTANT PREPARES FORM 990 INFORMATION PROVIDED & THEN GIVES A DRAFT COPY OF THE 990 TO MANAGEMENT TO REVIEW & SUPPLY ANY MISSING OR ADDITIONAL INFORMATION NEEDED FOR FORM 990. AFTER THE ACCOUNTANT ADDS THE REMAINING INFORMATION, ANOTHER DRAFT IS GIVEN TO MANAGEMENT TO REVIEW & APPROVE OR GIVE FINAL CHANGES NEEDED. THE ACCOUNTANT PREPARES THE FILING COPY OF FORM 990 AFTER MANAGEMENT OF THE ORGANIZATION HAS GIVEN APPROVAL FOR IT & AN OFFICER DOES A FINAL REVIEW OF FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ANNUALLY CERTIFY IF THERE ARE ANY CONFLICTS OF INTEREST & WHEN AN EVENT OCCURS THAT MAY PRESENT A CONFLICT OF INTEREST SITUATION. A BOARD MEMBER THAT HAS NOTIFIED THE REST OF THE BOARD OF A CONFLICT IS NOT ALLOWED TO VOTE ON THE MATTER AT HAND. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FORM 990, FINANCIAL STATEMENTS, BY-LAWS & OTHER SIGNIFICANT DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. NONE OF THESE ITEMS ARE POSTED ON THE ORGANIZATION'S WEBSITE.