Medquarter Inc

  • Cedar Rapids, IA
  • Tax exemption issued: Feb. 2017
  • EIN: 35-2576257

Organization summary

Type of Nonprofit

Designated as a Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Category: Community Improvement, Capacity Building / Promotion of Business (NTEE)

Donations to this organization are not tax deductible.

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Organizations with gross receipts of less than $50,000 can file the form 990-N postcard filing, which doesn’t include financial details. All Form 990 data is from the IRS.

Fiscal Year Ending June
2025

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$233,358
Expenses
$159,493
Net Income
$73,865
Net Assets
$1,032,093
Notable Sources of Revenue Percent of Total Revenue
Contributions $202,000
86.6%
Program Services $0
Investment Income $27,287
11.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $4,071
1.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,032,093
Total Liabilities $0
Net Assets $1,032,093
Compensation
Key Employees and Officers Compensation Related Other
Casey Greene (Secretary) $0 $0 $0
Tim Quinn (Treasurer) $0 $0 $0
Philip Wasta (President) $0 $0 $0

Document Links

990
Filed on March 23, 2026

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$243,371
Expenses
$345,299
Net Income
-$101,928
Net Assets
$956,027
Notable Sources of Revenue Percent of Total Revenue
Contributions $212,000
87.1%
Program Services $0
Investment Income $31,193
12.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $178
0.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $972,593
Total Liabilities $16,566
Net Assets $956,027
Compensation
Key Employees and Officers Compensation Related Other
Philip Wasta (President) $11,941 $0 $1,931
Casey Greene (Secretary) $0 $0 $0
Tim Quinn (Treasurer) $0 $0 $0

Document Links

990
Filed on Jan. 15, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$222,969
Expenses
$53,020
Net Income
$169,949
Net Assets
$1,053,622
Notable Sources of Revenue Percent of Total Revenue
Contributions $202,000
90.6%
Program Services $0
Investment Income $21,006
9.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$37
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,053,622
Total Liabilities $0
Net Assets $1,053,622
Compensation
Key Employees and Officers Compensation Related Other
Philip Wasta (President) $28,749 $0 $4,290
Michelle Niermann (Secretary) $0 $0 $0
Tim Quinn (Treasurer) $0 $0 $0

Document Links

990
Filed on Dec. 21, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$254,244
Expenses
$264,612
Net Income
-$10,368
Net Assets
$881,071
Notable Sources of Revenue Percent of Total Revenue
Contributions $252,000
99.1%
Program Services $0
Investment Income $2,850
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$606
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $881,071
Total Liabilities $0
Net Assets $881,071
Compensation
Key Employees and Officers Compensation Related Other
Philip Wasta (President) $26,696 $0 $4,149
Michelle Niermann (Secretary) $0 $0 $0
Tim Charles (Treasurer) $0 $0 $0

Document Links

990
Filed on Oct. 28, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$276,138
Expenses
$583,075
Net Income
-$306,937
Net Assets
$902,557
Notable Sources of Revenue Percent of Total Revenue
Contributions $252,000
91.3%
Program Services $0
Investment Income $8,205
3.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $15,933
5.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $953,696
Total Liabilities $51,139
Net Assets $902,557
Compensation
Key Employees and Officers Compensation Related Other
Philip Wasta (President) $26,696 $0 $4,467
Michelle Niermann (Chairman, Treasurer) $0 $0 $0
Tim Charles (Vice Chairman, Secretary) $0 $0 $0

Document Links

990
Filed on Feb. 10, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$284,890
Expenses
$738,412
Net Income
-$453,522
Net Assets
$1,202,214
Notable Sources of Revenue Percent of Total Revenue
Contributions $252,000
88.5%
Program Services $0
Investment Income $27,488
9.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $5,402
1.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,202,214
Total Liabilities $0
Net Assets $1,202,214
Compensation
Key Employees and Officers Compensation Related Other
Philip Wasta (President) $25,200 $0 $3,796
Michelle Niermann (Chairman, Treasurer) $0 $0 $0
Tim Charles (Vice Chairman, Secretary) $0 $0 $0

Document Links

990
Filed on Nov. 6, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$283,100
Expenses
$67,982
Net Income
$215,118
Net Assets
$1,671,895
Notable Sources of Revenue Percent of Total Revenue
Contributions $252,000
89.0%
Program Services $0
Investment Income $30,906
10.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $194
0.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,697,014
Total Liabilities $25,119
Net Assets $1,671,895
Compensation
Key Employees and Officers Compensation Related Other
Philip Wasta (President) $23,270 $0 $4,779
Tim Charles (Chairman, Treasurer) $0 $0 $0
Michelle Niermann (Vice Chairman, Secretary) $0 $0 $0
Ted Townsend - Left 122018 (Vice Chairman, Secretary) $0 $0 $0
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Document Links

990
Filed on Nov. 11, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$255,719
Expenses
$43,490
Net Income
$212,229
Net Assets
$1,448,835
Notable Sources of Revenue Percent of Total Revenue
Contributions $252,000
98.5%
Program Services $0
Investment Income $3,719
1.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,488,490
Total Liabilities $39,655
Net Assets $1,448,835
Compensation
Key Employees and Officers Compensation Related Other
Philip Wasta (Executive Director) $22,499 $0 $3,854
Tim Charles (Director) $0 $0 $0
Kathy Mccauley (Director) $0 $0 $0
Mary Meisterling (Director) $0 $0 $0
Julie Sterling (Director) $0 $0 $0
John Albert (Director) $0 $0 $0
Mike Sundall (Director) $0 $0 $0
Ted Townsend (Director) $0 $0 $0
Okpara Rice (Director) $0 $0 $0
Sarah Wickenkamp (Director) $0 $0 $0
Gordon Epping (Treasurer) $0 $0 $0
Karen Smith (Vice-chair) $0 $0 $0
Michelle Jensen (Chair) $0 $0 $0
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Document Links

990
Filed on March 4, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,243,483
Expenses
$6,877
Net Income
$1,236,606
Net Assets
$1,236,606
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,241,519
99.8%
Program Services $0
Investment Income $1,964
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,236,642
Total Liabilities $36
Net Assets $1,236,606
Compensation
Key Employees and Officers Compensation Related Other
Philip Wasta (Executive Director) $22,029 $0 $3,547
Tim Charles (Director) $0 $0 $0
Kathy Mccauley (Director) $0 $0 $0
Mary Meisterling (Director) $0 $0 $0
Julie Sterling (Director) $0 $0 $0
John Albert (Director) $0 $0 $0
Mike Sundall (Director) $0 $0 $0
Ted Townsend (Director) $0 $0 $0
Julie Thomas (Director) $0 $0 $0
Richard Cooley (Director) $0 $0 $0
Gordon Epping (Treasurer) $0 $0 $0
Karen Smith (Vice-chair) $0 $0 $0
Michelle Jensen (Chair) $0 $0 $0
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Document Links

990
Filed on Nov. 14, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains financial information from tax returns processed by the IRS since the 2012 calendar years, as well as data extracted from digital filings. IRS summary data also includes limited older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits for nonprofit organizations that spent $750,000 or more in federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Most organizations that have been recognized as tax exempt by the IRS have to file the Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file the Form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard," which does not contain financial details. Churches are not required to file Form 990.

Nonprofit Explorer has organizations that are claiming tax exemption in any of the 27 subsections of the 501(c) section of the tax code. Taxable trusts and private foundations that are required to file a form 990PF are also included.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes Employer Identification Numbers and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

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