Waterloo Development Corporation
Waterloo Development Corporation
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About this organization
Revenue
$1,330,036
Expenses
$75,380
Mission
Economic Development
About
Promote civic, industrial, mercantile, traffic and transportation, agricultural and other interests of Waterloo, Cedar Falls and Northeast Iowa areas. During the 2014 tax year, the organization completed construction of the Cedar Valley Sportsplex facility, primarily funded through private funding. The Sportsplex is a multi-purpose sports facility that includes indoor and outdoor play areas, a gymnasium, a field house with batting cages and golf hitting area, a leisure pool, locker rooms and several multi-purpose rooms for conferences or exercise classes. The facility is operated by the City of Waterloo Leisure Services Department. The organization has entered into an agreement with the City of Waterloo, IA to lease the facility at a discounted rate with an option to purchase the facility for $1 upon the expiration of the lease.
Interesting data from their 2019 990 filing
The purpose of the non-profit is listed in the filing as “Economic development”.
When discussing its operations, they were characterized as: “Economic development”.
- The non-profit's legally reported state of operation is IA.
- The filing states that the non-profit's address in the year 2019 is 425 CEDAR STREET, WATERLOO, IA, 50701.
- The form submitted by the non-profit for 2019 shows a total of 0 employees.
- Is not a private foundation.
- Expenses are between $100,000 and $250,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $1,254,656.
- The organization has 9 independent voting members.
- The organization was formed in 2000.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
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