Civic Intelligence

Lee County Economic Development Group Inc.

990 • Fiscal year 2022 • EIN 04-3605260

Jul 01, 2021 to Jun 30, 2022 • Filed on Nov 07, 2022

Organization ProfileLEECOUNTYEDG.COM
PO Box 309Montrose, IA 52639

(319) 524-2535

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

76th percentile

0.31x

Higher debt load relative to assets than 76% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

77th percentile

0.41x

Higher debt load relative to revenue than 77% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

86th percentile

41%

Higher net margin than 86% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

81st percentile

$137,219

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 15.2% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

83rd percentile

33%

Faster asset growth than 83% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

86th percentile

69%

Faster revenue growth than 86% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$1,195,323

Up $294,626 (+33%) from 2021

Net Assets

Up

$829,158

Up $369,451 (+80%) from 2021

Liabilities

Down

$366,165

Down $74,825 (-17%) from 2021

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin86th percentile

Revenue

Up

$903,692

Up $369,686 (+69%) from 2021

Expenses

Up

$534,241

Up $97,294 (+22%) from 2021

Net Income

Up

$369,451

Up $272,392 (+281%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth83rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $410,179Liabilities 2011: $352,500Net Assets 2011: $57,6792011Assets 2012: $498,448Liabilities 2012: $351,476Net Assets 2012: $146,9722012Assets 2013: $505,256Liabilities 2013: $353,213Net Assets 2013: $152,0432013Assets 2014: $474,363Liabilities 2014: $359,280Net Assets 2014: $115,0832014Assets 2015: $541,097Liabilities 2015: $353,891Net Assets 2015: $187,2062015Assets 2016: $589,728Liabilities 2016: $273,611Net Assets 2016: $316,1172016Assets 2017: $812,193Liabilities 2017: $486,476Net Assets 2017: $325,7172017Assets 2018: $801,967Liabilities 2018: $497,969Net Assets 2018: $303,9982018Assets 2019: $775,828Liabilities 2019: $523,267Net Assets 2019: $252,5612019Assets 2020: $944,878Liabilities 2020: $582,230Net Assets 2020: $362,6482020Assets 2021: $900,697Liabilities 2021: $440,990Net Assets 2021: $459,7072021Assets 2022: $1,195,323Liabilities 2022: $366,165Net Assets 2022: $829,1582022Assets 2023: $1,756,635Liabilities 2023: $401,061Net Assets 2023: $1,355,5742023Assets 2024: $1,031,030Liabilities 2024: $76,231Net Assets 2024: $954,7992024

Highlighted filing

2022

Assets$1,195,323
Liabilities$366,165
Net Assets$829,158
Open 2022 Filing

Operations Trend

Revenue Growth86th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $209,895Expenses 2011: $205,076Net Income 2011: $4,8192011Expenses 2012: $149,1812012Revenue 2013: $217,217Expenses 2013: $241,502Net Income 2013: -$24,2852013Revenue 2014: $471,995Expenses 2014: $508,955Net Income 2014: -$36,9602014Revenue 2015: $230,443Expenses 2015: $158,320Net Income 2015: $72,1232015Revenue 2016: $639,841Expenses 2016: $510,930Net Income 2016: $128,9112016Revenue 2017: $461,591Expenses 2017: $451,991Net Income 2017: $9,6002017Revenue 2018: $430,644Expenses 2018: $452,363Net Income 2018: -$21,7192018Revenue 2019: $400,630Expenses 2019: $452,067Net Income 2019: -$51,4372019Revenue 2020: $457,877Expenses 2020: $347,790Net Income 2020: $110,0872020Revenue 2021: $534,006Expenses 2021: $436,947Net Income 2021: $97,0592021Revenue 2022: $903,692Expenses 2022: $534,241Net Income 2022: $369,4512022Revenue 2023: $1,240,993Expenses 2023: $714,577Net Income 2023: $526,4162023Revenue 2024: $530,081Expenses 2024: $930,856Net Income 2024: -$400,7752024

Highlighted filing

2022

Revenue$903,692
Expenses$534,241
Net Income$369,451
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 7, 2022
Return Version
2021v4.0
Gross Receipts
$903,692
Mission and Program Overview

Mission

Economic development for the lee county, iowa community

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$459,707$829,158▲ $369,451
Cash and Non-Interest-Bearing Accounts$416,581$426,286▲ $9,705
Accounts Receivable$61,750$250,410▲ $188,660
Land, Buildings, and Equipment, Net$3,793$139,913▲ $136,120
Savings and Temporary Cash Investments$32,323$32,360▲ $37
Total Assets$900,697$1,195,323▲ $294,626
Other Assets Total$386,250$346,354▼ $39,896
Liabilities
Mortgage Notes Payable Secured by Investment Property$275,265$225,472▼ $49,793
Accounts Payable and Accrued Expenses$129,025$140,693▲ $11,668
Unsecured Notes Loans Payable$36,700--
Total Liabilities$440,990$366,165▼ $74,825
Net Assets / Fund Balance
Total Net Assets Fund Balance$459,707$829,158▲ $369,451
Total Liabilities and Net Assets / Fund Balance$900,697$1,195,323▲ $294,626

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$121,580$31,428$153,008
Equipment$18,333$18,532$36,865
Other Assets Org$116,667--
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dennis FraiseChief ExecutFT$127,619$9,600$137,219

Board Members and Trustees

NameTitle
Jenny SteffensmeierChairman
Scott SmithPast Chair
Michael MohrfeldVice Chair
Ashlee SpannagelDirector
Bryan LangerudDirector
Charles IrelandDirector
Garry Seyb JrDirector
Jamie BaierDirector
Jason HutchesonDirector
Mike NorrisDirector
Pat MccrabbDirector
Phil HechtDirector
Rick LarkinDirector
Robert HoltkampDirector
Shelby DickensDirector
Susan DunekDirector
Bob Huffman JrSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$867,064
Program Service Revenue
$0
Investment Income
$11,222
Other Revenue
$25,406
All Other Contributions
$549,284
Change in Net Assets
$369,451
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$266,915
Salaries, Compensation, and Employee Benefits$247,326
Total Fundraising Expense$61,928
Grants and Similar Amounts Paid$20,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$127,619--$127,619
Comp Disqual Persons$89,312--$89,312
Fees for Services Other$500$7,691$61,928$70,119
All Other Expenses$10,887$9,563-$20,450
Payroll Taxes$20,285--$20,285
Office Expenses$5,863$14,155-$20,018
Grants to Domestic Individuals$20,000--$20,000
Occupancy-$17,878-$17,878
Information Technology$7,723$8,567-$16,290
Insurance-$13,620-$13,620
Other Expenses$12,187$14,012-$12,187
Depreciation Depletion$11,641$337-$11,978
Other Employee Benefits$10,110--$10,110
Interest-$10,057-$10,057
Fees for Services Accounting-$9,580-$9,580
Conferences and Meetings$6,144--$6,144
Travel$735$3,045-$3,780
Advertising$2,765--$2,765
Fees for Services Legal-$814-$814
Total Functional Expenses$337,994$134,319$61,928$534,241
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Board approves 990 before it is filed”

Form 990, Page 6, Part VI, Line 12C

“Address issues as they arise”

Form 990, Page 6, Part VI, Line 19

“Available upon written request”

Filing and Contact Details

Filer

Filer Name
Lee County Economic Development
EIN
04-3605260
Phone
3195242535
Address
PO BOX 309, MONTROSE, IA 52639

Signing Officer

Name
Dennis Fraise
Title
Chief Executive Offi
Phone
3194639030
Signed
2022-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dennis Fraise
Formed
2002
Legal Domicile
Ia
Voting Board Members
16
Independent Board Members
16
Employees
2
Volunteers
6

Preparer

Firm
Menke & Company
Address
406 AVENUE E PO BOX 135, WEST POINT, IA 52656-0135
Preparer
Ann M Menke
Phone
3198376042
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Consulting 0 0 61,928 professional fees 0 7,691 0 virtual welding training 500 0 0 total 500 7,691 61,928”

Raw XML AppendixShowing 400 of 450 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0129025
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0140693
IRS990/AccountsReceivableGrp/BOYAmt061750
IRS990/AccountsReceivableGrp/EOYAmt0250410
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0ECONOMIC DEVELOPMENT FOR THE LEE COUNTY, IOWA COMMUNITY
IRS990/AdvertisingGrp/ProgramServicesAmt02765
IRS990/AdvertisingGrp/TotalAmt02765
IRS990/AllOtherContributionsAmt0549284
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt09563
IRS990/AllOtherExpensesGrp/ProgramServicesAmt010887
IRS990/AllOtherExpensesGrp/TotalAmt020450
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MENKE & COMPANY
IRS990/BooksInCareOfDetail/PhoneNum03195241040
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03915 MAIN STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0KEOKUK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd052632
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0416581
IRS990/CashNonInterestBearingGrp/EOYAmt0426286
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0127619
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0127619
IRS990/CompDisqualPersonsGrp/ProgramServicesAmt089312
IRS990/CompDisqualPersonsGrp/TotalAmt089312
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt06144
IRS990/ConferencesMeetingsGrp/TotalAmt06144
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0867064
IRS990/CYGrantsAndSimilarPaidAmt020000
IRS990/CYInvestmentIncomeAmt011222
IRS990/CYOtherExpensesAmt0266915
IRS990/CYOtherRevenueAmt025406
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0369451
IRS990/CYSalariesCompEmpBnftPaidAmt0247326
IRS990/CYTotalExpensesAmt0534241
IRS990/CYTotalFundraisingExpenseAmt061928
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0903692
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0337
IRS990/DepreciationDepletionGrp/ProgramServicesAmt011641
IRS990/DepreciationDepletionGrp/TotalAmt011978
IRS990/Desc0THE PRIMARY PURPOSE OF THE CORPORATION IS TO ENCOURAGE ECONOMIC DEVELOPMENT AND EXPANSION IN LEE COUNTY, IOWA BY MARKETING AND PROMOTING THE GEOGRAPHIC AREA TO BUSINESSES AND INDUSTRY.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0337994
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt09580
IRS990/FeesForServicesAccountingGrp/TotalAmt09580
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0814
IRS990/FeesForServicesLegalGrp/TotalAmt0814
IRS990/FeesForServicesOtherGrp/FundraisingAmt061928
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt07691
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0500
IRS990/FeesForServicesOtherGrp/TotalAmt070119
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt09600
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/PersonNm0DENNIS FRAISE
IRS990/Form990PartVIISectionAGrp/PersonNm1JAMIE BAIER
IRS990/Form990PartVIISectionAGrp/PersonNm2SHELBY DICKENS
IRS990/Form990PartVIISectionAGrp/PersonNm3SUSAN DUNEK
IRS990/Form990PartVIISectionAGrp/PersonNm4PHIL HECHT
IRS990/Form990PartVIISectionAGrp/PersonNm5ROBERT HOLTKAMP
IRS990/Form990PartVIISectionAGrp/PersonNm6JASON HUTCHESON
IRS990/Form990PartVIISectionAGrp/PersonNm7CHARLES IRELAND
IRS990/Form990PartVIISectionAGrp/PersonNm8BOB HUFFMAN JR
IRS990/Form990PartVIISectionAGrp/PersonNm9GARRY SEYB JR
IRS990/Form990PartVIISectionAGrp/PersonNm10BRYAN LANGERUD
IRS990/Form990PartVIISectionAGrp/PersonNm11RICK LARKIN
IRS990/Form990PartVIISectionAGrp/PersonNm12PAT MCCRABB
IRS990/Form990PartVIISectionAGrp/PersonNm13MICHAEL MOHRFELD
IRS990/Form990PartVIISectionAGrp/PersonNm14MIKE NORRIS
IRS990/Form990PartVIISectionAGrp/PersonNm15SCOTT SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm16ASHLEE SPANNAGEL
IRS990/Form990PartVIISectionAGrp/PersonNm17JENNY STEFFENSMEIER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0127619
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHIEF EXECUT
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8SECRETARY/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17CHAIRMAN
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02002
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt016
IRS990/GovernmentGrantsAmt0317780
IRS990/GrantAmt020000
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt020000
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt020000
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0903692
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt016
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt08567
IRS990/InformationTechnologyGrp/ProgramServicesAmt07723
IRS990/InformationTechnologyGrp/TotalAmt016290
IRS990/InsuranceGrp/ManagementAndGeneralAmt013620
IRS990/InsuranceGrp/TotalAmt013620
IRS990/InterestGrp/ManagementAndGeneralAmt010057
IRS990/InterestGrp/TotalAmt010057
IRS990/InvestmentIncomeGrp/ExclusionAmt011222
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt011222
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt049960
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03793
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0139913
IRS990/LandBldgEquipCostOrOtherBssAmt0189873
IRS990/LegalDomicileStateCd0IA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0ECONOMIC DEVELOPMENT FOR THE LEE COUNTY, IOWA COMMUNITY
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0275265
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0225472
IRS990/NetAssetsOrFundBalancesBOYAmt0459707
IRS990/NetAssetsOrFundBalancesEOYAmt0829158
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt017878
IRS990/OccupancyGrp/TotalAmt017878
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt014155
IRS990/OfficeExpensesGrp/ProgramServicesAmt05863
IRS990/OfficeExpensesGrp/TotalAmt020018
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0386250
IRS990/OtherAssetsTotalGrp/EOYAmt0346354
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt010110
IRS990/OtherEmployeeBenefitsGrp/TotalAmt010110
IRS990/OtherExpensesGrp/Desc0SITE CERTIFICATION
IRS990/OtherExpensesGrp/Desc1REPAIRS
IRS990/OtherExpensesGrp/Desc2TRAINING
IRS990/OtherExpensesGrp/Desc3LEE COUNTY ROBOTIC TEAM
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt025000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt114012
IRS990/OtherExpensesGrp/ProgramServicesAmt012223
IRS990/OtherExpensesGrp/ProgramServicesAmt112187
IRS990/OtherExpensesGrp/TotalAmt025000
IRS990/OtherExpensesGrp/TotalAmt114012
IRS990/OtherExpensesGrp/TotalAmt212223
IRS990/OtherExpensesGrp/TotalAmt312187
IRS990/OtherRevenueMiscGrp/Desc0LEASE INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt025406
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt025406
IRS990/OtherRevenueTotalAmt025406
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt020285
IRS990/PayrollTaxesGrp/TotalAmt020285
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0DENNIS FRAISE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0520241
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0114160
IRS990/PYInvestmentIncomeAmt013765
IRS990/PYOtherExpensesAmt0126787
IRS990/PYRevenuesLessExpensesAmt097059
IRS990/PYSalariesCompEmpBnftPaidAmt0196000
IRS990/PYTotalExpensesAmt0436947
IRS990/PYTotalRevenueAmt0534006
IRS990/ReconcilationRevenueExpnssAmt0369451
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0459707
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0829158
IRS990/SavingsAndTempCashInvstGrp/BOYAmt032323
IRS990/SavingsAndTempCashInvstGrp/EOYAmt032360
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0867064
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0520241
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0436991
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0380100
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0413050
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02617446
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt011222
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt013765
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt020886
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt020530
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt017594
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt083997
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt025406
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.56360
IRS990ScheduleA/PublicSupportPY170Pct00.65550
IRS990ScheduleA/PublicSupportTotal170Amt01522591
IRS990ScheduleA/SubstantialContributorsTotAmt01094855
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0867064
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0520241
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0436991
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0380100
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0413050
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02617446
IRS990ScheduleA/TotalSupportAmt02701443
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt018333
IRS990ScheduleD/EquipmentGrp/DepreciationAmt018532
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt036865
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0229687
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1116667
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0NOTES RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1INTEREST RECEIVABLE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0121580
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt031428
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0153008
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0139913
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0346354
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt020000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0PAYCHECK
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt02
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD APPROVES 990 BEFORE IT IS FILED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ADDRESS ISSUES AS THEY ARISE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON WRITTEN REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONSULTING 0 0 61,928 PROFESSIONAL FEES 0 7,691 0 VIRTUAL WELDING TRAINING 500 0 0 TOTAL 500 7,691 61,928
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0900697
IRS990/TotalAssetsEOYAmt01195323
IRS990/TotalAssetsGrp/BOYAmt0900697
IRS990/TotalAssetsGrp/EOYAmt01195323
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0867064
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt061928
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0134319
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0337994
IRS990/TotalFunctionalExpensesGrp/TotalAmt0534241
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0440990
IRS990/TotalLiabilitiesEOYAmt0366165
IRS990/TotalLiabilitiesGrp/BOYAmt0440990
IRS990/TotalLiabilitiesGrp/EOYAmt0366165
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0459707
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0829158
IRS990/TotalOtherCompensationAmt09600
IRS990/TotalProgramServiceExpensesAmt0337994

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,195,323
Liabilities
$366,165
Net assets
$829,158
Revenue
$903,692
Expenses
$534,241
Net income
$369,451
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.03$0.08$0.95$0.53$0.93$0.40
2023Detailed filing. Detailed filing data is available for this year.$1.76$0.40$1.36$1.24$0.71$0.53
2022Detailed filing. Detailed filing data is available for this year.$1.20$0.37$0.83$0.90$0.53$0.37
2021Detailed filing. Detailed filing data is available for this year.$0.90$0.44$0.46$0.53$0.44$0.10
2020Detailed filing. Detailed filing data is available for this year.$0.94$0.58$0.36$0.46$0.35$0.11
2019Detailed filing. Detailed filing data is available for this year.$0.78$0.52$0.25$0.40$0.45$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.80$0.50$0.30$0.43$0.45$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.81$0.49$0.33$0.46$0.45$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.59$0.27$0.32$0.64$0.51$0.13
2015Summary only. Only limited summary data is available for this year.$0.54$0.35$0.19$0.23$0.16$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.47$0.36$0.12$0.47$0.51$0.04
2013Detailed filing. Detailed filing data is available for this year.$0.51$0.35$0.15$0.22$0.24$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.35$0.15$0.15
2011Summary only. Only limited summary data is available for this year.$0.41$0.35$0.06$0.21$0.21$0.00