2024-11-04T14:03:47-06:00 2024-06-30 420946155 HONKAMP KRUEGER & CO PC 550 2ND ST SE UNIT 401 CEDAR RAPIDS IA 52401 990 2023-07-01 421203842 IOWA CITYCORALVILLE CONVENTION AND VISITORS BUREAU IOWA 3193376592 900 FIRST AVENUE CORALVILLE IA 52241 JOSH SCHAMBERGER PRESIDENT 3193376592 2024-11-04 1 0 JOHN M WARREN CPA P00323800 3195530015 2024-11-04 2023 2024-10-15 13:58:12Z JOSH SCHAMBERGER 900 FIRST AVENUE CORALVILLE IA 52241 2354159 0 X WWW.THINKIOWACITY.COM X 1983 IA THE BUREAU IS ORGANIZED FOR THE PURPOSE OF ADVANCING THE ECONOMIC VITALITY AND QUALITY OF LIFE FOR RESIDENTS AND VISITORS AS IOWA'S PREMIER DESTINATION. 14 14 13 0 0 0 1214594 1365925 141241 113613 4950 9864 72549 739812 1433334 2229214 447860 204445 0 0 674767 766504 0 0 0 495450 1122472 1618077 2093421 -184743 135793 584354 749365 30503 59721 553851 689644 THE BUREAU IS ORGANIZED FOR THE PURPOSE OF ADVANCING THE ECONOMIC VITALITY AND QUALITY OF LIFE FOR RESIDENTS AND VISITORS AS IOWA'S PREMIER DESTINATION. 0 0 2093421 PROMOTION OF THE IOWA CITY/CORALVILLE AREA AS A SITE FOR CONVENTIONS, TOURISM AND OTHER SPECIAL EVENTS TO ATTRACT VISITORS TO THE COMMUNITY. 2093421 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 85 0 1 13 1 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 X JOSH SCHAMBERGER 3193376592 900 FIRST AVENUE CORALVILLE IA 52241 LAURA SORIDE DIRECTOR 2.00 X 0 0 0 PETER MATTHES DIRECTOR 2.00 X 0 0 0 MITCH GROSS VICE CHAIR 2.00 X X 0 0 0 SHANTI ROUNDTREE PAST CHAIR 2.00 X X 0 0 0 MEGHANN FOSTER SECRETARY 2.00 X X 0 0 0 DALE ARENS DIRECTOR 1.00 X 0 0 0 BRIAN FLYNN DIRECTOR 1.00 X 0 0 0 KELLY MURPHY CHAIR 1.00 X X 0 0 0 ROYCEANN PORTER EX-OFFICIO 1.00 X 0 0 0 BRUCE TEAGUE DIRECTOR 1.00 X 0 0 0 JOSH SCHAMBERGER EX-OFFICIO 40.00 X 178270 0 0 TIM SCHROEDER DIRECTOR 1.00 X 0 0 0 MATT TRAETOW DIRECTOR 1.00 X 0 0 0 BRENT SMITH DIRECTOR 1.00 X 0 0 0 JAKE MOORE TREASURER 1.00 X X 0 0 0 JEFF CAPPS DIRECTOR 1.00 X 0 0 0 178270 0 0 1 0 1 0 0 1331625 34300 1365925 DESTINATION MARKETING 900099 113613 113613 113613 9864 9864 181641 111222 70419 70419 5355 13723 -8368 -8368 UI ATHLETICS/HERKY ON 900099 598015 598015 MISCELLANEOUS REIMBURS 900099 52719 52719 VISITOR GUIDE REVENUE 900099 27027 27027 677761 2229214 783006 0 80283 204445 204445 178270 178270 454498 454498 33620 33620 43615 43615 56501 56501 30 30 8700 8700 3341 3341 30819 30819 27895 27895 7987 7987 48756 48756 12478 12478 CONVENTION/SPECIAL EVEN 554885 554885 DESTINATION MARKETING F 214388 214388 LOCAL PROMOTION 111348 111348 DUES 34615 34615 67230 67230 2093421 2093421 0 0 430564 526030 854304 630969 153790 223335 584354 749365 30503 59721 30503 59721 X 553851 689644 553851 689644 584354 749365 135793 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 567284 450403 116881 287020 180566 106454 223335 PART X - FIN 48 FOOTNOTE THE BUREAU 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 BUREAU'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 BUREAU'S INCOME TAX RETURNS WILL NOT BE CHALLENGED BY THE TAXING AUTHORITIES AND THAT THE BUREAU WILL NOT BE SUBJECT TO ADDITIONAL TAX, PENALTIES, AND INTEREST AS A RESULT OF SUCH CHALLENGE. THE BUREAU 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 BUREAU FILES ANNUAL INFORMATION RETURNS WITH THE INTERNAL REVENUE SERVICE. THE BUREAU'S RETURNS FOR THE YEARS ENDED JUNE 30, 2021 THROUGH JUNE 30, 2024 ARE OPEN TO EXAMINATION BY THE TAXING AUTHORITIES GENERALLY FOR A PERIOD OF THREE YEARS AFTER THEY WERE FILED. FRY FEST 181641 181641 111222 181641 181641 111222 111222 70419 0 IOWA CITY AREA SPORTS COMMISSION 900 FIRST AVENUE CORALVILLE IA 52241 852055031 204445 0 TO SUPPORT AMATEUR NATIONAL AND INTERNATIONAL SPORTS COMPETITION. 0 0 0 JOSH SCHAMBERGER EX-OFFICIO 153270 0 25000 0 0 0 0 0 0 0 178270 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S ACCOUNTANT PREPARES FORM 990 FROM INFORMATION PROVIDED AND THEN GIVES A DRAFT COPY OF THE 990 TO MANAGEMENT TO REVIEW AND 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 AND 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, AND 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, AND WHEN AN EVENT OCCURS THAT MAY PRESENT A CONFLICT OF INTEREST SITUATION. A BOARD MEMEBER 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 B, LINE 15A THE PRESIDENT'S SALARY IS DETERMINED ANNUALLY BY THE BOARD OF DIRECTORS. THE ANNUAL BUDGET IS REVIEW TO DETERMINE THE SALARY RANGE. SALARIES OF MANAGEMENT OF SIMILAR-SIZED CVB'S IS USED AS A GUIDELINE FOR DETERMINING SALARY. JOB PERFORMANCE IS ALSO PART OF THE PROCESS TO DETERMINE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FORM 990, FINANCIAL STATEMENTS, BY-LAWS AND OTHER SIGNIFICANT DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. NONE OF THESE ITEMS ARE POSTED ON THE ORGANIZATION'S WEBSITE.