Coon Rapids Development Group
- Assets
- $514.0k
- Revenue
- $68.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Coon Rapids, IA
- Founding
- 07/2002
- Data as of
- 12/2021
- EIN
- 42-1493044
Organization Overview
Coon Rapids Development Group is located in Coon Rapids, IA. The organization was established in 2002. According to its NTEE Classification (S32) the organization is classified as: Rural Economic 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. Coon Rapids Development Group 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 12/2021, Coon Rapids Development Group generated $68.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 31.7% each year . All expenses for the organization totaled $36.0k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
COON RAPIDS DEVELOPMENT GROUP (CRDG) HAS BEEN ORGANIZED TO ASSIST IN ECONOMIC DEVELOPMENT OF COON RAPIDS, IA AND SURROUNDING AREAS. FUNDS ARE USED TO PROMOTE THE COMMUNITY AND MAKE IT AN ATTRACTIVE AND PROSPEROUS PLACE TO LIVE AND DO BUSINESS. TO FURTHER THEIR GOALS, CRDG IS PROVIDING ATTRACTIVE, AFFORDABLE SITES FOR RESIDENTIAL DEVELOPMENT; ASSISTING AND PROMOTING ECONOMIC DEVELOPMENT; PROMOTING COMMUNITY SPIRIT THROUGH VARIOUS EVENTS AND PROJECTS THROUGHOUT THE YEAR; AND PROVIDING FOR COMMUNITY BEAUTIFICATION. .
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENDITURES WERE MADE IN ORDER TO PROVIDE ATTRACTIVE AND AFFORDABLE SITES FOR RESIDENTIAL DEVELOPMENT.
TO ASSIST IN THE ECONOMIC DEVELOPMENT OF COON RAPIDS, IA AND THE SURROUNDING AREAS. THIS SERVES TO ENHANCE AND PROMOTE THE COMMUNITY AS AN ATTRACTIVE AND PROSPEROUS PLACE TO LIVE AND DO BUSINESS.
PROMOTION OF COMMUNITY SPIRIT THROUGH VARIOUS ANNUAL EVENTS AND PROJECTS. THESE INCLUDE HOLIDAY CELEBRATIONS (EASTER, 4TH OF JULY, CHRISTMAS, ETC.); GOLF OUTING; COMMUNITY WIDE GARAGE SALE; FARMERS MARKET; RUN/WALK COMPETITION; BUS TOURS; WELCOME WAGON & OTHER COMMUNITY CELEBRATIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Leighty Secretary/tr | OfficerTrustee | 1 | $0 |
Nathan Muench Vice Preside | OfficerTrustee | 1 | $0 |
Andy Klein President | Trustee | 1 | $0 |
Brad Woodard Director | Trustee | 1 | $0 |
Gavin Cretsinger Director | Trustee | 1 | $0 |
Chris Eddy Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
King Contracting Llc Site Prep | 12/30/16 | $154,398 |
Precision Concrete Services Inc Concrete Cons | 12/30/16 | $177,236 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $25,300 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $75,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $605 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,905 |
| Total Program Service Revenue | $0 |
| Investment income | $524 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$33,345 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $68,316 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,235 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $100 |
| Fees for services: Accounting | $2,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $256 |
| Office expenses | $58 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,322 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,366 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $493 |
| Insurance | $700 |
| All other expenses | $0 |
| Total functional expenses | $36,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,528 |
| Savings and temporary cash investments | $100,706 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $340,603 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,202 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $514,039 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $155,206 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $155,206 |
| 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 | $358,833 |
| Total liabilities and net assets/fund balances | $514,039 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Coon Rapids Development Group has recieved totaling $13,000.
| Awarding Organization | Amount |
|---|---|
Creating Great Places Coon Rapids, IA PURPOSE: Covid Gran | $13,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rural America Initiatives Rapid City, SD | $11,020,564 | $7,975,941 |
Missouri Incutech Foundation Rolla, MO | $1,463,624 | $4,973,546 |
Community And Economic Development Associates Chatfield, MN | $1,658,001 | $2,830,781 |
Pulaski County Growth Alliance Saint Robert, MO | $34,130 | $1,396,256 |
New Covenant Community Development Chicago, IL | $1,571,797 | $1,893,496 |
Sharing Our Roots Northfield, MN | $1,750,092 | $967,957 |
Rural Electric Economic Development Inc Madison, SD | $44,957,084 | $2,458,763 |
Native360 Loan Fund Inc Grand Island, NE | $7,395,095 | $2,498,904 |
Door County Economic Development Corporation Sturgeon Bay, WI | $2,581,699 | $998,049 |
South Eastern Development Foundation Sioux Falls, SD | $22,464,210 | $4,520,935 |
Center For Rural Policy And Development Mankato, MN | $628,188 | $663,588 |
Big Ideas Inc New Ulm, MN | $77,922 | $540,880 |