Keokuk Area Convention Center & Tourism Bureau Foundation

Keokuk Area Convention Center & Tourism Bureau Foundation shows strong asset growth and no reported liabilities, with fluctuating but recently high revenue.

EIN: 202027191 · Keokuk, IA · NTEE: A80 · Updated: 2026-03-28

$468KRevenue

$197KAssets

85/100Mission Score (Excellent)

A80

About Keokuk Area Convention Center & Tourism Bureau Foundation

Keokuk Area Convention Center & Tourism Bureau Foundation (EIN: 202027191) is a nonprofit organization based in Keokuk, IA, classified under NTEE code A80. The organization reported total revenue of $468K and total assets of $197K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Keokuk Area Convention Center & Tourism Bureau Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Keokuk Area Convention Center & Tourism Bureau Foundation demonstrates a generally stable financial position, with assets growing from $31,586 in 2013 to $196,851 currently. Revenue has fluctuated significantly over the years, peaking at $172,807 in 2019 and showing a recent high of $467,865. The organization consistently reports zero liabilities in most recent filings, indicating a healthy balance sheet and low financial risk. Their consistent reporting of 0% officer compensation across all available filings suggests a volunteer-driven leadership or that compensation is covered by a related entity, which enhances their transparency regarding executive pay.

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses. However, the consistent positive net income in recent years (e.g., $40,545 revenue vs. $21,953 expenses in 2022) indicates that the organization is operating within its means and building reserves. The significant increase in current revenue to $467,865 compared to recent years' expenses suggests a strong financial year, potentially allowing for increased program investment or further asset growth. The lack of reported liabilities is a strong indicator of sound financial management.

Overall, the foundation appears to be financially healthy and transparent regarding its executive compensation. To further enhance transparency and allow for a more precise assessment of spending efficiency, a detailed breakdown of expenses into program, administrative, and fundraising categories would be beneficial. The consistent growth in assets and the absence of liabilities are positive indicators of long-term sustainability.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Keokuk Area Convention Center & Tourism Bureau Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Keokuk Area Convention Center & Tourism Bureau Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that officers are either unpaid volunteers or compensated by a related entity, which is a positive sign for donor confidence and efficient use of funds for an organization of its size.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Strengths

The following positive indicators were identified for Keokuk Area Convention Center & Tourism Bureau Foundation:

Consistent asset growth, from $31,586 in 2013 to $196,851 currently, indicating financial stability.
Zero reported liabilities in most recent filings, demonstrating strong financial health and low debt.
0% officer compensation reported across all filings, suggesting efficient use of funds and potentially volunteer leadership.
Significant recent revenue of $467,865, indicating strong fundraising or operational success.

Frequently Asked Questions about Keokuk Area Convention Center & Tourism Bureau Foundation

What is the primary source of the recent $467,865 revenue?

The provided data does not specify the source of the latest revenue figure. Further investigation into the full 990 filing would be needed to identify if it's from grants, contributions, program service revenue, or other sources.

How does the organization allocate its expenses between program services, administration, and fundraising?

The provided summary data does not offer a detailed breakdown of expenses. While a general estimate is provided in the 'spendingBreakdown', a precise understanding would require reviewing the detailed expense schedules in the full IRS 990 filings.

What specific programs or initiatives does the foundation support with its funds?

The NTEE code A80 (Convention & Visitors Bureaus) suggests a focus on promoting tourism and conventions in the Keokuk area. However, the specific programs or initiatives are not detailed in the provided financial summary.

Filing History

IRS 990 filing history for Keokuk Area Convention Center & Tourism Bureau Foundation showing financial trends over 7 years of public records:

Over 7 years of IRS 990 filings (2013–2022), Keokuk Area Convention Center & Tourism Bureau Foundation's revenue has declined by 51.6%, moving from $84K to $41K. Total assets increased by 141.3% over the same period, from $32K to $76K. Total functional expenses fell by 68.2%, from $69K to $22K. In its most recent filing year (2022), Keokuk Area Convention Center & Tourism Bureau Foundation reported a surplus of $19K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2022	$41K	$22K	$76K	$0	—	View 990
2021	$33K	$24K	$58K	$0	—	—
2020	$20K	$21K	$49K	$0	—	View 990
2019	$173K	$148K	$50K	$0	—	View 990
2015	$44K	$57K	$16K	$98	—	View 990
2014	$46K	$49K	$28K	$0	—	View 990
2013	$84K	$69K	$32K	$0	—	View 990

Year-by-Year Financial Summary

2022: Revenue of $41K, expenses of $22K, and assets of $76K (revenue +24.1% year-over-year).
2021: Revenue of $33K, expenses of $24K, and assets of $58K (revenue +67.3% year-over-year).
2020: Revenue of $20K, expenses of $21K, and assets of $49K (revenue -88.7% year-over-year).
2019: Revenue of $173K, expenses of $148K, and assets of $50K (revenue +293.6% year-over-year).
2015: Revenue of $44K, expenses of $57K, and assets of $16K (revenue -3.5% year-over-year).
2014: Revenue of $46K, expenses of $49K, and assets of $28K (revenue -45.7% year-over-year).
2013: Revenue of $84K, expenses of $69K, and assets of $32K.

Data Sources and Methodology

This transparency report for Keokuk Area Convention Center & Tourism Bureau Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.