Keota Unlimited

EIN: 421330680 501(c)(3) Education

Keota, IA

Total Revenue
$259,966
Total Expenses
$492,155
Total Assets
$35,154
Net Assets
$35,154
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
IA
Phone
3197957095
Tax Period
2023-01-01 to 2023-12-31

Keota Unlimited, founded in 1988, is a small nonprofit in the Education sector that reported $260K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $492K exceeded revenue, resulting in a 89% operating deficit.

Mission

Keota is located in Keokuk County, Iowa, which has been declared an economically disadvantaged area of the state. Keota is a small farming community of approximately 1,000 people located in Southeastern Iowa, approximately 1 hour from any large city. These factors can inhibit the ability to attract and retain new businesses, employers, workers or families.The significant activities of the organization in 2021 included completion of substantial improvements to the Keota Trailhead of the Kewash Nature Trail, business district beautification efforts, listing in the area visitor's guide, and a grant to the Washington Economic Development Group.

Program Service Accomplishments

Program 1
Expenses: $490,026

Keota Pool - in 2023, the organization continued to participate in a significant way to assist with local efforts to raise funds to buils a new community pool to replace the existing pool, which has...

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Keota Pool - in 2023, the organization continued to participate in a significant way to assist with local efforts to raise funds to buils a new community pool to replace the existing pool, which has been closed due to facility issues. The fundraising efforts resulted in contributions of $252,346.99, plus interest on contributions of $506.32 in 2023.

Program 2
Expenses: $1,000

Keota Fun Days - Keota Fun Days is an annual town celebration held in June each year. The event brings many people to the community for games, fun and entertainment and has a positive economic impact...

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Keota Fun Days - Keota Fun Days is an annual town celebration held in June each year. The event brings many people to the community for games, fun and entertainment and has a positive economic impact on the community, as well as introducing the town to people that may not have been familiar with the community and the many attractions present in town. The contribution of our organization helped keep costs to participants low to be attractive to families.

Program 3
Expenses: $411

Planters - the organization has annually sponsored decorations and flower/plants to be placed in planters located throughout the business district of the community.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $259,412
Program Service Revenue $0
Investment Income $554
Other Revenue $0
TOTAL REVENUE $259,966

Expense Breakdown

Grants Paid $490,026
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $491,581
Other Expenses $2,129
TOTAL EXPENSES $492,155

Year-over-Year Comparison

2023 2022 Change
Revenue $259,966 $322,522 -0.2%
Expenses $492,155 $397,871 +0.2%
Net Income $-232,189 $-75,349 +2.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
9

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Larry Huber Vice President 1.00
Officer Director
$0 $0 $0
Tom Hahn Director 1.00
Director
$0 $0 $0
Melinda Eakins President/Treas 3.00
Officer Director
$0 $0 $0
Todd Vittetoe Secretary 2.00
Officer Director
$0 $0 $0
Marilyn Sieren Director 1.00
Director
$0 $0 $0
Bernie Vittetoe Director 1.00
Director
$0 $0 $0
Denny Lyle Director 3.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2023 $259,966 $492,155 $35,154 $-232,189
2022 $322,522 $397,871 $267,341 $-75,349
2021 $346,299 $38,274 $342,691 $308,025
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