Decatur County Development Corporation
- Assets
- $338.1k
- Revenue
- $88.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Leon, IA
- Founding
- 04/2004
- Data as of
- 12/2023
- EIN
- 73-1665057
Organization Overview
Decatur County Development Corporation is located in Leon, IA. The organization was established in 2004. 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. Decatur County Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Decatur County Development Corporation generated $88.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $109.9k during the year ending 12/2023. While expenses have increased by 6.9% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ECONOMIC DEVELOPMENT ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
ATTENDED BUSINESS DEVELOPMENT SESSIONS GATHERING LEADS TOWARD NEW BUSINESSES FOR THE COMMUNITY. WORKED WITH POTENTIAL BUSINESSES TO OBTAIN BUSINESS PLANS, FINANCING, PROPERTY AND/OR BUSINESS ASSETS. FINANCING INCLUDES REVOLVING LOAN FUNDS PROVIDED BY THE COMPANY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jared Doty Director | Trustee | 0 | $0 |
Chris Coffelt Director | Trustee | 0 | $0 |
Wendal Yoder Director | Trustee | 0 | $0 |
Marcia Stephens Director | Trustee | 0 | $0 |
Jordan Omstead Director | Trustee | 0 | $0 |
Stephanie Mendenhall Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,897 |
| Related organizations | $0 |
| Government grants | $41,904 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,792 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,593 |
| Total Program Service Revenue | $0 |
| Investment income | $3,766 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $88,715 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,200 |
| 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 | $44,439 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,008 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $315 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,000 |
| Office expenses | $1,530 |
| Information technology | $955 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,547 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $703 |
| Interest | $3,847 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,388 |
| All other expenses | $599 |
| Total functional expenses | $109,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $198,090 |
| Savings and temporary cash investments | $3,291 |
| 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 | $119,435 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $72 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $17,226 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $338,114 |
| Accounts payable and accrued expenses | $5,501 |
| Grants payable | $10,787 |
| 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 | $43,174 |
| Unsecured mortgages and notes payable | $950 |
| Other liabilities | $0 |
| Total liabilities | $60,412 |
| Net assets without donor restrictions | $35,060 |
| Net assets with donor restrictions | $242,642 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $338,114 |
Grants Awarded
Over the last fiscal year, Decatur County Development Corporation has awarded $13,200 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LEONS NEW HORIZONS INC - MEAL SITE PURPOSE: provide meals to elderly at discount | $10,000 |
COMM FOUNDATION OF GREATER DES MOIN PURPOSE: Promote charitable giving | $3,200 |