Regional Development Authority
- Assets
- $4.5m
- Revenue
- $7.1m
- Investments
- $0.0
- Employees
- 1
- Location
- Davenport, IA
- Founding
- 04/1998
- Data as of
- 06/2022
- EIN
- 42-1347125
Organization Overview
Regional Development Authority is located in Davenport, IA. The organization was established in 1998. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Regional Development Authority is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2022, Regional Development Authority generated $7.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.6% each year . All expenses for the organization totaled $6.2m during the year ending 06/2022. While expenses have increased by 17.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO AWARD GRANTS TO COMMUNITY NON-PROFIT AGENCIES FOR CHARITABLE PURPOSES IN ACCORDANCE WITH THE IOWA EXCURSION GAMBLING ACT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SUPPORT TO ORGANIZATIONS QUALIFIED TO RECEIVE FUNDS INTO THE FOLLOWING CATEGORIES: RIVERFRONT DEVELOPMENT, NEIGHBORHOOD DEVELOPMENT, ECONOMIC DEVELOPMENT, CULTURE, HERITAGE, AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Mendenhall President | Trustee | 40 | $132,383 |
Nancy Chapman Secretary | OfficerTrustee | $0 | |
Sue Daly Treasurer | OfficerTrustee | $0 | |
Steve Geifman Vice Chair | OfficerTrustee | $0 | |
Aj Loss Chair | OfficerTrustee | $0 | |
Michael Cole Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $7,661,351 |
| Investment income | -$559,977 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,328 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,109,702 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,012,779 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $132,383 |
| Compensation of current officers, directors, key employees. | $132,383 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $14,673 |
| Other employee benefits | $0 |
| Payroll taxes | $11,138 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,542 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,024 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,446 |
| Information technology | $587 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,262 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,632 |
| All other expenses | $0 |
| Total functional expenses | $6,217,466 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $814,368 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $417,595 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,309,469 |
| Total assets | $4,541,432 |
| Accounts payable and accrued expenses | $3,889 |
| Grants payable | $797,773 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $801,662 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $3,739,770 |
| Total liabilities and net assets/fund balances | $4,541,432 |
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Central Nebraska Community Action Partnership Inc Loup City, NE | $11,182,517 | $15,277,585 |
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Mid-Iowa Community Action -Mica- Incorporated Marshalltown, IA | $3,849,705 | $14,587,976 |
Three Rivers Community Action Inc Zumbrota, MN | $34,597,275 | $14,786,149 |
Inner-City Muslim Action Network Chicago, IL | $22,441,569 | $25,574,850 |
Will County Center For Community Concerns Inc Joliet, IL | $2,259,108 | $13,384,526 |