2025-11-14T09:06:05-06:00 2024-12-31 410223337 DORSEY & WHITNEY LLP 50 S 6TH ST STE 1500 MINNEAPOLIS MN 55402 990 2024-01-01 421499686 COMMUNITY BETTERMENT ORGANIZATION COMM 6416216224 617 FRANKLIN PLACE 200 PELLA IA 50219 ADAM FARVER PRESIDENT 6416216224 2025-11-13 1 0 BARRY NEWMAN P00292168 6123402600 2025-11-11 2024 2025-03-06 01:10:19Z ADAM FARVER 617 FRANKLIN PLACE 200 PELLA IA 50219 236704 0 X N/A X 2000 IA THE COMMUNITY BETTERMENT ORGANIZATION ("CBO") WAS FORMED TO SUPPORT CENTRAL COLLEGE, THE CITY OF PELLA, AND PELLA REGIONAL HEALTH CENTER, TO ENGAGE IN ACTIVITIES THAT SUCH ORGANIZATIONS WOULD STRIVE TO ENGAGE IN THEMSELVES WERE IT NOT FOR CBO, INCLUDING WITHOUT LIMITATION, PROVIDING AMENITIES THAT MAKE A SMALL TOWN A MORE DESIRABLE PLACE TO LIVE AND CONDUCT BUSINESS. 5 3 0 0 0 0 65507 0 15600 15600 20948 21044 0 0 102055 36644 1384001 154473 0 0 0 0 0 0 0 123734 102857 1507735 257330 -1405680 -220686 1400394 1179708 0 0 1400394 1179708 X THE COMMUNITY BETTERMENT ORGANIZATION ("CBO") WAS FORMED TO SUPPORT CENTRAL COLLEGE, THE CITY OF PELLA, AND PELLA REGIONAL HEALTH CENTER, TO ENGAGE IN ACTIVITIES THAT SUCH ORGANIZATIONS WOULD STRIVE TO ENGAGE IN THEMSELVES WERE IT NOT FOR CBO, INCLUDING WITHOUT LIMITATION, PROVIDING AMENITIES THAT MAKE A SMALL TOWN A MORE DESIRABLE PLACE TO LIVE AND CONDUCT BUSINESS. 0 0 100182 15600 THE CBO'S PROGRAM SERVICE ACCOMPLISHMENTS FOR THE YEAR 2024 INVOLVE IN SUPPORT OF THE CITY OF PELLA, THE OPERATION OF A BUILDING (THE "BUILDING") THAT WAS CONSTRUCTED IN THE YEARS 2000 AND 2001 AS PART OF A LARGE DOWNTOWN BLOCK DEVELOPMENT PROJECT (THE "DOWNTOWN PROJECT"). THE DOWNTOWN PROJECT BY THE CITY OF PELLA WAS DEVELOPED TO ATTRACT BUSINESSES AND PEOPLE TO DO BUSINESS AND LIVE IN THE TOWN, AND INCLUDES A HOTEL, BUSINESS SPACE, RESTAURANT SPACE, AND ENTERTAINMENT ATTRACTIONS TO IMPROVE THE CITY OF PELLA. THE CBO'S CONTRIBUTION TO THE DOWNTOWN PROJECT INVOLVED THE CONSTRUCTION AND ONGOING MAINTENANCE AND OPERATION OF THE BUILDING ON BEHALF OF THE CITY. THE BUILDING INCLUDES A THREE-SCREEN MOVIE THEATER AND A RESTAURANT. IN 2012, CBO DETERMINED THAT NEW PROJECTION EQUIPMENT WAS NEEDED FOR THE MOVIE THEATER TO UPGRADE TO DIGITAL CAPABILITIES. THIS COST OF THE NEW EQUIPMENT WAS $199,077. CBO RECEIVED $64,000 IN GRANTS FROM VARIOUS ORGANIZATIONS AND OBTAINED A $111,500 LOAN FROM GENLINK LLC IN 2012 TO PAY FOR THE COSTS OF THIS UPGRADE. THE INSTALLATION OF THIS NEW EQUIPMENT CONTINUES TO MEET THE EXEMPT PURPOSE OF THE ORGANIZATION IN PROVIDING ENHANCEMENTS TO COMMUNITY AMENITIES. DEPRECIATION LISTED ON PART IX, LINE 22 RELATED TO THE DEPRECIATION OF THE BUILDING $49,954PROPERTY TAXES PAID FOR THE BUILDING OF $44,643INSURANCE PAID FOR THE BUILDING OF $5,109REPAIRS AND SERVICE PAID FOR THE BUILDING $476 154473 154473 CBO SUPPORTED CENTRAL COLLEGE DURING 2024 BY PAYING FOR THE AMOUNT OF LOSSES INCURRED BY THE MOVIE THEATER. THIS INCLUDED PAYING FOR SOUND REPAIRS FOR THE MOVIE THEATER. 254655 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 IA X GREG FISHER 6416216224 617 FRANKLIN PLACE SUITE 200 PELLA IA 50219 ADAM FARVER DIRECTOR 1.00 X 0 0 0 ALISON VAN WYNGARDEN DIRECTOR 1.00 X 0 0 0 FRED KREYKES DIRECTOR 1.00 X 0 0 0 MIKE NARDINI DIRECTOR 1.00 X 0 194830 0 MARK PUTNAM DIRECTOR 1.00 X 0 278487 0 0 473317 0 0 0 1 0 0 RENTAL INCOME 531120 15600 15600 15600 21104 21104 200000 200060 -60 -60 -60 36644 15600 0 21044 154473 154473 2646 2646 29 29 49954 49954 PROPERTY TAXES 44643 44643 INSURANCE 5109 5109 PROPERTY REPAIRS 476 476 257330 254655 2675 0 470943 300211 2223320 1343823 929451 879497 1400394 1179708 0 0 X 0 0 0 0 1400394 1179708 1400394 1179708 1400394 1179708 -220686 0 X 0 0 0 X X 3 CENTRAL COLLEGE 420680344 6 1 154473 0 CITY OF PELLA 426005115 8 1 0 0 PELLA REGIONAL HEALTH CENTER 420842204 7 1 0 0 3 154473 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 X 0 0 76000 76000 1948243 1144746 803497 199077 199077 0 879497 1 CENTRAL COLLEGE 812 UNIVERSITY PELLA IA 50219 420680344 170(B)(1)(A)(V) 154473 0 SUPPORT FOR LOSSES INCURRED BY MOVIE THEATER PART I, LINE 2: MEET WITH SUPPORTED ORGANIZATION TO DETERMINE THEIR NEEDS AND CONIFRM FUNDS ARE USED AS INTENDED. 0 0 0 0 0 0 0 0 0 MARK PUTNAM DIRECTOR 0 278487 0 0 0 0 0 0 0 0 0 278487 0 0 MIKE NARDINI DIRECTOR 0 194830 0 0 0 0 0 0 0 0 0 194830 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION PROVIDED A COPY OF THIS RETURN TO THE DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION COMPLETES A PERIODIC REVIEW OF THE POLICY AT THEIR ANNUAL MEETING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THEIR GOVERNING DOCUMENTS, CONFLICTS OF INTEREST STATEMENT AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AT THEIR OFFICE, LOCATED AT 617 FRANKLIN PLACE, SUITE 200, PELLA, IA 50219. CENTRAL COLLEGE 812 UNIVERSITY PELLA IA 50219 420680344 EDUCATIONAL INSTITUTION IA 501(C)(3) 170(B)(1)(A)(V) N/A 0 PELLA REGIONAL HEALTH CENTER 404 JEFFERSON STREET PELLA IA 50219 420842204 HEALTH CARE SERVICES IA 501(C)(3) 170(B)(1)(A)(VI) N/A 0 CITY OF PELLA 825 BROADWAY PELLA IA 50219 426005115 CITY SERVICES IA 501(C)(3) 170(B)(1)(A)(VI) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0