EIN 42-1459560

The 712 Initiative

IRS 501(c) type
501(c)(3)
Num. employees
7
State
Year formed
1997
Most recent tax filings
2023-12-01
Description
The 712 Initiative improves neighborhoods and quality of life in Council Bluffs, Iowa through economic investments and community engagement.
Also known as...
Pottawattamie County Development Corporation
Total revenues
$3,930,489
2023
Total expenses
$1,980,109
2023
Total assets
$15,645,673
2023
Num. employees
7
2023

Program areas at The 712 Initiative

Rentals- The 712 revitalizes areas through investments in The built enviroment by buying distressed properties, renovating, and operating mixed use rental properties. These provide much needed housing while also activating public spaces by having people live and work in these areas.
Quality of life- enhancing community life and well-being by increasing social connectedness of residents in council bluffs, ia through endeavors that activate public spaces, create new forms of entertainment, and support current attractions/events. The 712 fosters partnerships with The public and private sectors to provide quality options for recreation and healthy lifestyles. In 2023,the 712 hosted five events and participated/hosted three other activities to bring The community together.
Neighborhood networking- strengthening neighborhoods city-wide with programming which provides general support while increasing public engagement in redevelopment projects, public space improvements, and community events. As part of these efforts, The 712 has a block party trailer that has equipment and games that neighborhoods can borrow to help strengthen neighborhood relationships. The 712 also has equipment to put on movie nights. To further improve neighborhoods, The 712 hosted a rock The block event and provided assistance to individuals to help make improvements to their homes through The amp program. The 712 also rehabilitated and sold four homes during 2023.
Development- The 712 improves economic vitality in redevelopment areas through investments to improve The variety of quality housing and commercial stock in council bluffs. These investments attract new professionals and residents to The community. 712s efforts to attract new property investments are accomplished through introduction of new developers to The community and through 712 buying and rehabilitating properties.

Who funds The 712 Initiative

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Iowa West FoundationDowntown Revitalization Fund - Worth & 100 WB$1,000,000
Iowa West Foundation530 West Broadway$340,000
Peter Kiewit FoundationTo Provide Capital Support for the Renovation of 530 West Broadway.$300,000
...and 10 more grants received

Personnel at The 712 Initiative

NameTitleCompensation
Sheryl GarstChief Executive Officer$107,523
Jennifer FletcherTreasurer$0
Wyatt GreenwoodPast Board Treasurer$0
Amy McDermottBoard Secretary$0
Kristen BlumBoard Chair / Board Vice Chair / Secretary$0
...and 10 more key personnel

Financials for The 712 Initiative

RevenuesFYE 12/2023
Total grants, contributions, etc.$3,222,751
Program services$843,000
Investment income and dividends$3,442
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$0
Net income from sales of inventory$-161,037
Miscellaneous revenues$22,333
Total revenues$3,930,489

Form 990s for The 712 Initiative

Fiscal year endingDate received by IRSFormPDF link
2023-122024-06-27990View PDF
2022-122023-06-22990View PDF
2020-122021-11-15990View PDF
2019-122021-02-22990View PDF
2018-122020-02-03990View PDF
...and 9 more Form 990s

Organizations like The 712 Initiative

OrganizationLocationRevenue
Downtown Cleveland AllianceCleveland, OH$10,662,475
Downtown Frederick PartnershipFrederick, MD$2,133,762
DowntownYork, PA$1,198,524
Downtown Santa MonicaSanta Monica, CA$9,672,351
White Plains Downtown District Management AssociationWhite Plains, NY$1,141,099
Trenton Downtown AssociationTrenton, NJ$1,043,979
Downtown Brattleboro AllianceBrattleboro, VT$1,315,076
Arts District Los AngelesLos Angeles, CA$2,087,968
Myrtle Beach Downtown AllianceMyrtle Beach, SC$1,732,775
West Seattle Junction AssociationSeattle, WA$983,595
Data update history
October 25, 2023
Received grants
Identified 7 new grant, including a grant for $578,004 from Iowa West Foundation
August 3, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 26, 2023
Updated personnel
Identified 2 new personnel
July 23, 2023
Used new vendors
Identified 4 new vendors, including , , , and
July 1, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Business and community development organizationsMuseumsCharities
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government fundingCommunity engagement / volunteeringTax deductible donationsAccepts online donations
General information
Address
1228 S Main St
Council Bluffs, IA 51503
Metro area
Omaha-Council Bluffs, NE-IA
County
Pottawattamie County, IA
Website URL
the712initiative.org/ 
Phone
(712) 396-2494
IRS details
EIN
42-1459560
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1997
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
7121: Museums, Historical Sites, and Similar Institutions
Parent/child status
Independent
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