Grow Cedar Valley

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 421241941 ✦ Waterloo, IA ✦ Designated as a 501(c)(6)

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Overview

What is Grow Cedar Valley?

Grow Cedar Valley is a nonprofit organization situated in Waterloo, Iowa, specifically at 360 Westfield Avenue Suite 300. Their primary mission is to boost the economic vitality and prosperity within the Waterloo/Cedar Falls area and its surrounding economic region. They accomplish this goal by engaging in economic development activities, attracting both new and existing businesses to the metropolitan area. With a team of 18 dedicated individuals, they strive to contribute to the overall economic growth and wealth of their community.


Official website here: www.growcedarvalley.com

Is Grow Cedar Valley legitimate?

Grow Cedar Valley is a legitimate nonprofit organization registered as a 501(c)(6) entity. Grow Cedar Valley submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $312,241
Professional Fundraising Fees: $0
Other Salaries and Wages: $932,959

For more financial information, click here


Official website here: www.growcedarvalley.com

What is the mission statement of Grow Cedar Valley?

Grow Cedar Valley's mission is centered around enhancing economic vitality and wealth within a specific region. In pursuit of this goal, they engage in economic development activities aimed at attracting both new and existing businesses to the area. Their primary objective is to foster a thriving economic landscape, ultimately contributing to the overall prosperity of the community.


Official website here: www.growcedarvalley.com

What is the revenue of Grow Cedar Valley?

Grow Cedar Valley's revenue in 2024 was $2,261,185.


Official website here: www.growcedarvalley.com

Who are the executives of Grow Cedar Valley and what are their salaries?

The average compensation at Grow Cedar Valley during 2024 was $95,785. There are 13 employees and 200 volunteers at Grow Cedar Valley.

Here are 33 key members and their salaries:


Carolyn Darrah (Past Secreta)
  • Compensation: $207,003
  • Related: $0
  • Other: $22,795
Melissa Reade (Leader Valle)
  • Compensation: $121,477
  • Related: $0
  • Other: $21,942
James Schaefer (Dir. Of Inve)
  • Compensation: $118,416
  • Related: $0
  • Other: $17,379
Sandi Sommerfelt (Vp Of Operat)
  • Compensation: $114,418
  • Related: $0
  • Other: $18,754
Lisa Skubal (Vp Of Econom)
  • Compensation: $120,837
  • Related: $0
  • Other: $9,198
Katy Susong (Secretary /)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Mallaro (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Wilson Ccim (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Renee Christoffer (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rebecca Guinn (Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Bronner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mayor Quentin Hart (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Todd Holcomb (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathryn Kunert (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Danny Laudick (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andy Pattee (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brooke Croshier-Sidebotham (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dave Deaver (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Trelka (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jared Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Deeds (At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Atul Patel (At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gwennette Berry (At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edita Begic (At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joy Briscoe (At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kris Hansen (At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Katie Hillyer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Miller (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Rebecca Ehretsman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Mark Nook (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vicki Parsons (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Felicia Smith-Nalls (At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dustin Whitehead (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.growcedarvalley.com

Where can I find the form 990 for Grow Cedar Valley?

Grow Cedar Valley's most recent form 990 was submitted in 2024 and can be accessed here.


Official website here: www.growcedarvalley.com

Learn more at the official website: www.growcedarvalley.com

Mission Statement of Grow Cedar Valley

Grow Cedar Valley, a notable organization, is dedicated to enhancing the economic vitality and wealth of the Waterloo/Cedar Falls area and its surrounding economic region. Their primary mission is to foster an environment conducive to the growth of new and existing businesses within this metropolitan area, aiming to boost its overall economic standing. By engaging in various economic development activities, Grow Cedar Valley works tirelessly to promote the Waterloo/Cedar Falls region as an attractive and prosperous destination for businesses.

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Impact




October, 2024

Grow Cedar Valley significantly enhances the economic vitality and wealth of the Waterloo/Cedar Falls area and its surrounding regions. By focusing on economic development activities, it promotes the metropolitan area to both new and existing businesses, fostering growth and investment. This strategic approach not only strengthens the local economy but also improves overall community well-being through job creation and infrastructure development. The organization's commitment to community improvement is evident in its efforts to cultivate a thriving business environment that benefits residents and enhances the quality of life in the region.




This information is meant to be a general summary of Grow Cedar Valley. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$2,261,185 (2024)
Expenses
$2,196,086 (2024)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2024.

  • Investment Income: $58,999
  • Program Service Revenue: $618,145
  • Gross Receipts: $2,282,892

Assets and Liabilities:

  • Total Assets: $2,127,308
  • Total Liabilities: $824,688
  • Net Assets: $1,302,620

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LEADER VALLEY SHARED SERVICE

Revenue

$365,255

CV LEADERSHIP INSTITUTE REV

Revenue

$87,750

TRC ANNUAL MEETING REVENUE

Revenue

$79,450

TRC DIVERSITY & INCLUSION PAR

Revenue

$31,250

TECHWORKS SHARED SERVICES

Revenue

$20,340

Organization Details

Founding Year

1984

Principal Officer

Katy Susong

NTEE Category

Code: S40 - Community improvement

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