Nonprofit · EIN 42-1499686
COMMUNITY BETTERMENT ORGANIZATION
Tax-exempt · PELLA, IA 50219
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $36,644 | $257,330 | -$220,686 | $1,179,708 | $0 | $1,179,708 |
| December 31, 2023 | 990 | $102,055 | $237,791 | -$135,736 | $2,670,338 | $0 | $2,670,338 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $15,600
- Investment income
- $21,044
- Net gain from sales of assets
- -$60
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $154,473
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $2,646
- Depreciation
- $49,954
- Program services (functional)
- $254,655
- Management and general (functional)
- $2,675
Balance sheet and other
- Total assets, start of year
- $1,400,394
- Total assets, end of year
- $1,179,708
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,179,708
- Land, buildings and equipment
- $879,497
- Gross receipts
- $236,704
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2000
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| MARK PUTNAM | DIRECTOR Trustee or director | 1 | $0 | $278,487 |
| MIKE NARDINI | DIRECTOR Trustee or director | 1 | $0 | $194,830 |
| ADAM FARVER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALISON VAN WYNGARDEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FRED KREYKES | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| MARK PUTNAM | DIRECTOR Trustee or director | 1 | $0 | $279,236 |
| MIKE NARDINI | DIRECTOR Trustee or director | 1 | $0 | $185,167 |
| ADAM FARVER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALISON VAN WYNGARDEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FRED KREYKES | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 617 FRANKLIN PL STE 200, PELLA, IA 50219-1679
- In care of
- % GREG FISHER
- Principal officer (990 for 2024)
- ADAM FARVER, 617 FRANKLIN PLACE 200, PELLA, IA 50219
- Signed the 990
- ADAM FARVER, PRESIDENT
- Phone
- (641) 621-6224
- Return prepared by
- DORSEY & WHITNEY LLP
Mission
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.
Program accomplishments
- 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 $476Expenses $100,182 · revenue $15,600
- 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.Expenses $154,473 · grants $154,473
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 42-1499686
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S123)
- Assets (IRS master file)
- $1,179,708
- Income (IRS master file)
- $236,704
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $36,644 | $257,330 | $1,179,708 | XML |
| 990 | December 2023 | $102,055 | $237,791 | $2,670,338 | XML |
| 990 | December 2022 | $666,566 | $293,196 | $2,805,481 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-1499686).
Questions about COMMUNITY BETTERMENT ORGANIZATION
- What is the EIN of COMMUNITY BETTERMENT ORGANIZATION?
- The employer identification number (EIN) of COMMUNITY BETTERMENT ORGANIZATION is 42-1499686.
- Is COMMUNITY BETTERMENT ORGANIZATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to COMMUNITY BETTERMENT ORGANIZATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does COMMUNITY BETTERMENT ORGANIZATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COMMUNITY BETTERMENT ORGANIZATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COMMUNITY BETTERMENT ORGANIZATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of COMMUNITY BETTERMENT ORGANIZATION?
- The 990 for the year ended December 31, 2024 names ADAM FARVER.
- Who are the officers and directors of COMMUNITY BETTERMENT ORGANIZATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does COMMUNITY BETTERMENT ORGANIZATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $36,644, expenses of $257,330 and total assets of $1,179,708 at year end.
Other nonprofits in PELLA
- PELLA REC EIN 99-5055040 · last filed 990 for 2025
- IOWA RURAL DEVELOPMENT COUNCIL EIN 20-1079745 · last filed 990 for 2025
- PELLA CONVENTION & VISITORS BUREAU EIN 82-3972256 · last filed 990 for 2025
- ROTARY DISTRICT 6000 HUMANITARIAN AND EDUCATIONAL FOUNDATION INC EIN 42-1347779 · last filed 990 for 2025
- PELLA PRESERVATION TRUST EIN 42-1446570 · last filed 990 for 2025
- WONDER SPELEN EIN 83-3324892 · last filed 990-N for 2025
- PELLA HISTORIC DOWNTOWN RETAIL GROUP EIN 82-1912763 · last filed 990-N for 2025
- PELLA POLICE DEPARTMENT OFFICERS ASSOCIATION EIN 83-0700102 · last filed 990-N for 2025
All nonprofits in PELLA · Iowa · Community improvement and capacity building