Overview
What is Fort Madison Sirrc Corporation?
Fort Madison Sirrc Corporation is a nonprofit organization based in Fort Madison, Iowa. Its primary function serves as a conduit for funds from the Southeast Iowa Regional Riverboat Commission, which are utilized to retire debt obligations incurred by the city for riverfront facility construction. Once the debt is fully repaid, the organization accumulates funds to grant to eligible, non-profit organizations within the community, primarily for community betterment projects. The corporation's mission is focused on benefiting the city and surrounding area through charitable contributions and initiatives.
Is Fort Madison Sirrc Corporation legitimate?
Fort Madison Sirrc Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fort Madison Sirrc Corporation 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.
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What is the mission statement of Fort Madison Sirrc Corporation?
The Fort Madison Sirrc Corporation accumulates funds in anticipation of making grants to qualified, non-profit organizations within the community, primarily for community betterment projects. Its primary purpose initially was to serve as a conduit for funds from the Southeast Iowa Regional Riverboat Commission to retire debt obligations undertaken by the City of Fort Madison for riverfront facility construction. Upon complete retirement of these bonds in 2001, the organization started accumulating funds to support other non-profit organizations within the community with community improvement projects. The corporation does not have any committees acting on behalf of the governing board.
Who is the CEO of Fort Madison Sirrc Corporation?
Steve W Link is the Director of Fort Madison Sirrc Corporation.
What is the revenue of Fort Madison Sirrc Corporation?
Fort Madison Sirrc Corporation's revenue in 2022 was $450,855.
Who are the executives of Fort Madison Sirrc Corporation and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Fort Madison Sirrc Corporation?
Fort Madison Sirrc Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fort Madison Sirrc Corporation
Fort Madison Sirrc Corporation, a non-profit organization, accumulates funds with the intention of granting them to qualified, non-profit organizations within the community. The primary purpose of this corporation is to serve as a conduit for funds from the Southeast Iowa Regional Riverboat Commission, which were initially used to retire debt obligations undertaken by the City of Fort Madison for riverfront facility construction. Once these bonds were retired in 2001, the funds were intended 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. Now, Fort Madison Sirrc Corporation continues to accumulate funds, ready to grant them to other qualified, non-profit organizations within the community, specifically for community betterment projects. The organization operates without any committees acting on behalf of its governing board.
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Impact
October, 2024
Fort Madison Sirrc Corporation plays a pivotal role in enhancing the community by managing and distributing funds strategically. Initially established to facilitate the retirement of debt for riverfront facility construction, it has successfully completed this phase and is now focused on channeling resources into community betterment projects.
By acting as a conduit for funds from the Southeast Iowa Regional Riverboat Commission, the organization accumulates financial resources that are earmarked for grants to qualified nonprofit organizations in the Fort Madison area. This targeted investment in community-based initiatives supports various projects aimed at improving the quality of life for residents.
The impact of Fort Madison Sirrc Corporation can be seen in its commitment to fostering local development, supporting charitable efforts, and enhancing public services within the city and its surroundings. This focus on community betterment not only addresses immediate needs but also aims to create a sustainable and vibrant community for future generations.
This information is meant to be a general summary of Fort Madison Sirrc Corporation. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,776
- Gross Receipts: $450,855
Assets and Liabilities:
- Total Assets: $680,362
- Total Liabilities: $0
- Net Assets: $680,362
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Organization Details
Founding Year
1991
Phone
(319) 837-6042Principal Officer
Steve W Link
Main Address
614 7TH STREET, FORT MADISON, IA, 52627
NTEE Category
Code: S99J - Community improvement
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