NonprofitsCedar Rapids Metro Economic Alliance

Cedar Rapids Metro Economic Alliance

CEDAR RAPIDS, IA

Total revenue

$4.2M

Total expenses

$4.3M

Net assets

$2.5M

Grants received

$111K

10 grants

EIN

420172900

Tax year

2024

Mission

To drive economic, workforce and population growth strategies, and to help businesses succeed.

Programs

3 programs

Community development - under community development the economic alliance's strategic goals are as follows: grow core central districts in cedar rapids and support surrounding communities.1. Develop and begin implementation of an updated strategic plan for the cedar rapids downtown district and medical district.2. Assist the city of cedar rapids in its plan for flood protection and financial support.

Business support - under business support the economic alliance's strategic goals are as follows:create a strong business environment which supports all employers. Additionally, we will focus on small and locally-owned businesses to achieve the following:1. Engage and connect businesses through networking, community and professional development programs.2. Provide education and awareness on local, regional and state initiatives which enhance regional and state trade.

Regional development - our regional development core function is dedicated to coordinating with partners to contribute to the following regional initiatives: brand/image, workforce, civic engagement, entrepreneurism and diversity/inclusion. Leadership for five seasons: leadership for five seasons is a program developed and managed by the cedar rapids metro economic alliance to prepare emerging and existing leaders in the cedar rapids area to be community trustees. The goal of the program is to empower and inspire diverse individuals to actively lead in shaping and enhancing our quality of life - supplying the community with informed, skilled leaders willing to serve as active volunteers. Iowa's creative corridor (icr iowa): icr iowa represents a seven county regional partnership for benton, cedar, iowa, johnson, jones, linn and washington counties. Representing one of the largest laborsheds in the state, the economic development representatives of our area have created a strategic, seven-county alliance dedicated to economic progress, workforce development, and fostering a culture of innovation. Iowa's creative corridor gives employers and workforce access to a region uniquely iowan, founded with a manufacturing heritage, but actively seeking new frontiers and opportunities in information technology, biotechnology and bioprocessing, renewable energy, and educational services. Impactcr: the concept is simple - provide our members the opportunity to connect, have a voice and make a difference in their community.public policy - the economic alliance is focused on public policy advocacy that supports the organization's other four core functions: business support, community development, economic development and regional development.the economic alliance collaborates with the business community and other stakeholders and partners, including local municipalities and entities, the u.s. Chamber of commerce and iowa chamber alliance to develop a local, state and federal policy agenda. We then provide a unified voice to advocate for pro-business and pro-growth issues key to our members and the region.

Financials

FY 2024

Revenue

Contributions & grants$24K
Program service revenue$3.8M
Investment income$229K
Other revenue$189K
Total revenue$4.2M

Expenses

Grants paid
Salaries & benefits$2.2M
Fundraising
Other expenses$2.2M
Total expenses$4.3M
Total assets$5.5M
Net assets$2.5M

People

16 listed

NameRoleCompensation

NEUMANN DOUGLAS

EXECUTIVE DIRECTOR

Board

$208K

40 hrs/wk

FARLINGER MAY

DIRECTOR

Board

1 hrs/wk

GLEW NICK

DIRECTOR

Board

1 hrs/wk

KEPROS TED

DIRECTOR

Board

1 hrs/wk

LAND PAULA

DIRECTOR

Board

1 hrs/wk

EKBERG HUGH

PAST CHAIR

Board

1 hrs/wk

SHEPARD ROCKI

DIRECTOR

Board

1 hrs/wk

THOENY MARK

DIRECTOR

Board

1 hrs/wk

ZEHR JUSTIN

DIRECTOR

Board

1 hrs/wk

POMERANZ JEFF

DIRECTOR

Board

1 hrs/wk

PARMLEY ANNE

CHAIR

Board

1 hrs/wk

KLEIN JAMES

VICE CHAIR

Board

1 hrs/wk

BAXTER DAN

DIRECTOR

Board

1 hrs/wk

CORBETT RON

VP OF ECONOMIC DEVELOPMENT

Staff

$166K

40 hrs/wk

WASTA PHIL

MEDICAL SSMID MANAGER

Staff

$125K

40 hrs/wk

WHEELER AUDREY

ASSISTANT SECRETARY

Staff

$117K

40 hrs/wk

Grants received

Showing 10 of 10

FromAmountPurposeYear
$25K
Buy Local Programming
2024
$6K
ECONOMIC DEVELOPMENT
2024
$25K
Buy Local Programming
2023
$6K
ECONOMIC DEVELOPMENT
2023
$15K
Buy Local Presenting Sponsor
2022
$19K
ECONOMIC DEVELOPMENT MATERIAL
2020
$10K
BUY HERE, GIVE HERE, GROW HERE
2020
$5K
GENERAL SUPPORT
2020

Funded by

$111K from 4 funders · 10 grants · 2020–2024

GreenState Credit Union

$75K · 4 grants · 2020–2024

The Hall-Perrine Foundation

$19K · 1 grant · 2020

Veridian Credit Union

$17K · 3 grants · 2020–2024

Marion Economic Development Company

· 2 grants · 2021–2024

Details

EIN420172900
Subsection06
Ruling date1943-06
Formed1918
Employees31
Volunteers125
CEDAR RAPIDS METRO ECONOMIC ALLIANCE — Mission, Financials & Grants Received | Grantivo