EIN 42-1379413

Fort Madison Sirrc Corporation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Fort Madison
State
Year formed
1991
Most recent tax filings
2023-12-01
Description
Fort Madison Sirrc Corporation accumulates funds and anticipates making grants to qualified, non-profit organizations within the community for community betterment projects. The Corporation primarily acts as a conduit of funds from the southeast Iowa regional riverboat commission to the city of Fort Madison to retire debt obligations undertaken by the city for river improvement.
Total revenues
$456,019
2023
Total expenses
$566,933
2023
Total assets
$569,448
2023
Num. employees
0
2023

Program areas at Fort Madison Sirrc Corporation

The primary purpose of the Corporation is to act as a conduit of funds from the southeast Iowa regional riverboat commission to the city of Fort Madison. These funds are to be used to retire debt obligations undertaken by the city of Fort Madison for riverfront facility construction necessary to accommodate the riverboat. Upon complete retirement of these bonds, the funds are to be used exclusively for the benefit of, to perform the functions of, or to carry out the purpose of the city or other charitable organizations within the city or the surrounding community. Retirement of the bonds was completed during 2001. The organization is now accumulating funds in anticipation of making grants to other qualified, non-profit organizations within the community specifically for community betterment projects. There are no committees that act on behalf of the governing board.

Grants made by Fort Madison Sirrc Corporation

GranteeGrant descriptionAmount
Fort Madison Rodeo CorporationGrandstand Construc.$250,000
Southeast Iowa Aquatic Restoration GroupMarina Development$250,000
Fort Madison Area Chamber of CommerceCommunity Growth$60,000

Who funds Fort Madison Sirrc Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Southeast Iowa Regional Riverboat CommissionTo Promote Tourism I$443,130

Personnel at Fort Madison Sirrc Corporation

NameTitleCompensation
Marty DeanTreasurer$0
Steve W LinkPresident$0
Justin PieperVice President$0
Steven W LinkPresident$0
Sharon Scholl-NabulsiSecretary$0
...and 1 more key personnel

Financials for Fort Madison Sirrc Corporation

RevenuesFYE 12/2023
Total grants, contributions, etc.$443,318
Program services$0
Investment income and dividends$12,701
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$456,019

Form 990s for Fort Madison Sirrc Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-14990View PDF
2022-122023-05-15990View PDF
2021-122022-05-12990View PDF
2020-122021-05-25990View PDF
2019-122020-12-18990View PDF
...and 9 more Form 990s

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Nanakuli Community Development LLCWaianae, HI$746,176
Conway Downtown PartnershipConway, AR$213,951
Wayne County Development CorporationCorydon, IA$421,894
Rei Development CorporationDurant, OK$1,946,749
Data update history
May 19, 2024
Received grants
Identified 1 new grant, including a grant for $443,130 from Southeast Iowa Regional Riverboat Commission
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 4, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 13, 2023
Received grants
Identified 1 new grant, including a grant for $451,663 from Southeast Iowa Regional Riverboat Commission
May 20, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
State / local levelTax deductible donationsNo full-time employees
General information
Address
614 7th St
Fort Madison, IA 52627
County
Lee County, IA
Phone
(319) 837-6042
IRS details
EIN
42-1379413
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1991
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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