EIN 92-0629253

Schmitt Island Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
0
State
Year formed
2022
Most recent tax filings
2023-12-01
Description
Schmitt Island Development Corporation manages the Ice Arena and Schmitt Island assets, benefitting the community by consistently providing expanded recreational opportunities. The organization, along with contracted entities and individuals, manages the ice arena in Dubuque, Iowa. Funding is derived from management fees paid by the city, contributions from the general public, and program services.
Total revenues
$1,626,078
2023
Total expenses
$1,288,302
2023
Total assets
$949,284
2023
Num. employees
0
2023

Program areas at Schmitt Island Development Corporation

The organization and contracted entities or individuals manage the ice arena located on chaplain Schmitt Island in dubuque, Iowa. This activity is funded through management fees paid by the city, contributions from the general public, and program service fees. Ninety-nine percent of the organizations time is allocated to this activity. Ninety-five percent of overall expenses are initially allocated to this activity.management of these facilities benefits the community by providing consistent and expanded recreational opportunities for the community and by lessening the burden of government. The city of dubuque would otherwise spend significant time and resources to manage the facilities and its programs.other activities will be conducted in the same fashion as above as additional assets and venues are developed on Schmitt Island. Such activities, assets, and/or venues may include a water sports facility, trails, and rv park.

Who funds Schmitt Island Development Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Dubuque Racing AssociationSchmitt Island Fund$5,415,180

Personnel at Schmitt Island Development Corporation

NameTitleCompensation
Kathy BuhrPresident and Chair$0
Kurt StrandSecretary$0
Sara HantenVice President$0
Jason WhiteTreasurer$0

Financials for Schmitt Island Development Corporation

RevenuesFYE 12/2023
Total grants, contributions, etc.$722,230
Program services$487,279
Investment income and dividends$11,439
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$15,533
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$389,597
Miscellaneous revenues$0
Total revenues$1,626,078

Form 990s for Schmitt Island Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-14990View PDF
2022-122023-11-13990View PDF
Data update history
January 21, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 21, 2024
Updated personnel
Identified 6 new personnel
January 14, 2024
Updated personnel
Identified 3 new personnel
January 1, 2024
Used new vendors
Identified 1 new vendor, including
December 23, 2023
Received grants
Identified 1 new grant, including a grant for $4,909,416 from Dubuque Racing Association
Nonprofit Types
Parks and recreation centersPublic sector nonprofitsBusiness and community development organizationsCharities
Issues
Human services
Characteristics
State / local levelTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
1800 Admiral Sheehy Dr
Dubuque, IA 52001
Metro area
Dubuque, IA
County
Dubuque County, IA
Website URL
schmittisland.com/development-corporation 
Phone
(563) 585-2971
IRS details
EIN
92-0629253
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2022
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
N31: Community Recreational Centers
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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