Decatur County Development Corporation
- Assets
- $533.6k
- Revenue
- $163.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Leon, IA
- Founding
- 04/2004
- Data as of
- 12/2021
- 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 12/2021, Decatur County Development Corporation generated $163.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.0% each year . All expenses for the organization totaled $93.5k during the year ending 12/2021. While expenses have increased by 6.4% per year over the past 6 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
2021
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 |
|---|---|---|---|
Emily Munter Executive Director | Officer | 40 | $38,700 |
Doug Foster Vice President | OfficerTrustee | 0 | $0 |
Bill Morain Secretary | OfficerTrustee | 0 | $0 |
Shannon Erb President | OfficerTrustee | 1 | $0 |
Sue Kelly Controller | OfficerTrustee | 0 | $0 |
Bob Bell Treasurer | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $58,601 |
| All other contributions, gifts, grants, and similar amounts not included above | $94,409 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $153,010 |
| Total Program Service Revenue | $0 |
| Investment income | $5,996 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$3,792 |
| Net Gain/Loss on Asset Sales | -$535 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $163,149 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $29,837 |
| 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. | $38,700 |
| Compensation of current officers, directors, key employees. | $9,675 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,351 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $324 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $239 |
| Office expenses | $2,497 |
| Information technology | $688 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,914 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,448 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,060 |
| Insurance | $491 |
| All other expenses | $462 |
| Total functional expenses | $93,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,004 |
| Savings and temporary cash investments | $55,459 |
| 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 | $136,927 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $209,004 |
| Investments—publicly traded securities | $17,226 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $533,620 |
| Accounts payable and accrued expenses | $1,559 |
| Grants payable | $12,082 |
| 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 | $241,502 |
| Unsecured mortgages and notes payable | $950 |
| Other liabilities | $0 |
| Total liabilities | $256,093 |
| Net assets without donor restrictions | $34,884 |
| Net assets with donor restrictions | $242,643 |
| 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 | $533,620 |
Grants Awarded
Over the last fiscal year, Decatur County Development Corporation has awarded $29,837 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LAMONI FAIR AND HORSE SHOW PURPOSE: Renovation of building restrooms & aren | $17,337 |
Leon, IA PURPOSE: provide meals to elderly at discount | $12,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Decatur County Development Corporation has recieved totaling $24.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $24 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lakes And Pines Community Action Council Inc Mora, MN | $3,434,723 | $9,795,071 |
Community Action Inc Of Rock And Walworth Counties Beloit, WI | $10,640,793 | $9,364,558 |
Health Care Coalition Of Lafayette County Lexington, MO | $6,605,075 | $10,749,967 |
Southwest Organizing Project Chicago, IL | $8,393,250 | $8,859,182 |
Better Family Life Inc Saint Louis, MO | $13,300,452 | $8,576,793 |
Center For People In Need Inc Lincoln, NE | $4,396,742 | $7,753,507 |
Kootasca Community Action Inc Grand Rapids, MN | $3,733,183 | $8,667,071 |
Impact Seven Incorporated Rice Lake, WI | $149,638,063 | $17,926,158 |
North Central Community Action Program Inc wisconsin rapids, WI | $2,366,497 | $7,790,312 |
St Paul Auto Dealers And District 77 Lodge Iamaw Joint Fund Bloomington, MN | $6,441,158 | $6,840,517 |
Cortex St Louis, MO | $86,543,841 | $5,279,863 |
Chicago Community Loan Fund Chicago, IL | $136,728,558 | $16,943,178 |