Civic Intelligence

Wilton Industrial Development Corporation

990 • Fiscal year 2023 • EIN 23-7128889

Jan 01, 2023 to Dec 31, 2023 • Filed on May 06, 2024

PO Box 443Wilton, IA 52778

(563) 732-5002

Siviq Scores

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

Liabilities / Assets

40th percentile

0.02x

Higher debt load relative to assets than 40% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

50th percentile

0.05x

Higher debt load relative to revenue than 50% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Net Margin

96th percentile

45%

Higher net margin than 96% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Asset Growth

78th percentile

18%

Faster asset growth than 78% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

98th percentile

197%

Faster revenue growth than 98% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$568,637

Up $86,472 (+18%) from 2022

Net Assets

Up

$559,443

Up $82,003 (+17%) from 2022

Liabilities

Up

$9,194

Up $4,469 (+95%) from 2022

Revenue

Up

$181,542

Up $120,374 (+197%) from 2022

Expenses

Up

$99,539

Up $17,243 (+21%) from 2022

Net Income

Up

$82,003

Up $103,131 (+488%) from 2022

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2014: $940,224Liabilities 2014: $731,465Net Assets 2014: $208,7592014Assets 2015: $647,557Liabilities 2015: $358,835Net Assets 2015: $288,7222015Assets 2016: $392,485Liabilities 2016: $45,920Net Assets 2016: $346,5652016Assets 2017: $385,979Liabilities 2017: $45,978Net Assets 2017: $340,0012017Assets 2018: $386,679Liabilities 2018: $34,776Net Assets 2018: $351,9032018Assets 2019: $383,015Liabilities 2019: $23,695Net Assets 2019: $359,3202019Assets 2020: $478,444Liabilities 2020: $18,578Net Assets 2020: $459,8662020Assets 2021: $608,381Liabilities 2021: $192,831Net Assets 2021: $415,5502021Assets 2022: $482,165Liabilities 2022: $4,725Net Assets 2022: $477,4402022Assets 2023: $568,637Liabilities 2023: $9,194Net Assets 2023: $559,4432023Assets 2024: $618,952Liabilities 2024: $13,687Net Assets 2024: $605,2652024

Highlighted filing

2023

Assets$568,637
Liabilities$9,194
Net Assets$559,443

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2014: $80,699Expenses 2014: $59,477Net Income 2014: $21,2222014Revenue 2015: $152,233Expenses 2015: $72,270Net Income 2015: $79,9632015Revenue 2016: $119,317Expenses 2016: $61,474Net Income 2016: $57,8432016Revenue 2017: $61,606Expenses 2017: $68,170Net Income 2017: -$6,5642017Revenue 2018: $78,906Expenses 2018: $67,004Net Income 2018: $11,9022018Revenue 2019: $77,248Expenses 2019: $69,831Net Income 2019: $7,4172019Revenue 2020: $201,441Expenses 2020: $100,895Net Income 2020: $100,5462020Revenue 2021: $10,318Expenses 2021: $54,634Net Income 2021: -$44,3162021Revenue 2022: $61,168Expenses 2022: $82,296Net Income 2022: -$21,1282022Revenue 2023: $181,542Expenses 2023: $99,539Net Income 2023: $82,0032023Revenue 2024: $155,924Expenses 2024: $110,102Net Income 2024: $45,8222024

Highlighted filing

2023

Revenue$181,542
Expenses$99,539
Net Income$82,003
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 6, 2024
Return Version
2023v5.0
Gross Receipts
$393,450
Mission and Program Overview

Mission

The corporation's mission is to promote the general welfare of the business, professional and community interests of the residents of wilton and the surrounding area, to promote existing and new industries, and make available suitable commercial & industrial sites.

The corporation's mission is to promote the general welfare of the business, professional and community interests of the residents of wilton and the surrounding area, to promote existing and new industries, and make available suitable residential, commercial & industrial sites.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$100,108$302,738▲ $202,630
Cash and Non-Interest-Bearing Accounts$192,952$222,666▲ $29,714
Land, Buildings, and Equipment, Net$189,105$43,233▼ $145,872
Total Assets$482,165$568,637▲ $86,472
Liabilities
Accounts Payable and Accrued Expenses$4,725$9,194▲ $4,469
Total Liabilities$4,725$9,194▲ $4,469
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$477,440$559,443▲ $82,003
Total Net Assets Fund Balance$477,440$559,443▲ $82,003
Total Liabilities and Net Assets / Fund Balance$482,165$568,637▲ $86,472

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$12,846$88,691$101,537
Land$30,387-$30,387
Equipment-$3,332$3,332
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jeff HornePresident/ci
Becky BriskerDirector
Dennis HanserDirector
Derek SawvellDirector
Don RothDirector
Jennifer DuffeDirector
Joe BurnettDirector
Keith StanleyDirector
Lily GeigerDirector
Lynn OchiltreeDirector
Mark KnouseDirector
Mark PetersonDirector
Monika VerdinezDirector
Nathan MatherDirector
Julie SpraguePast Preside
Scott VietenVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$92,628
Program Service Revenue
$0
Investment Income
$71,864
Other Revenue
$17,050
All Other Contributions
$15,243
Change in Net Assets
$82,003
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$63,840
Other Expenses$35,699
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$41,495$13,832-$55,327
Fees for Services Accounting-$10,013-$10,013
Insurance$3,794$1,265-$5,059
Payroll Taxes$3,253$1,084-$4,337
Other Employee Benefits$3,132$1,044-$4,176
Office Expenses$2,066--$2,066
Occupancy$1,990--$1,990
Advertising$1,014--$1,014
Conferences and Meetings$976--$976
Depreciation Depletion$499--$499
Travel$189--$189
Other Expenses$70$37-$37
Fees for Services Legal-$5-$5
Total Functional Expenses$72,259$27,280$0$99,539
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$61,573
Fundraising Direct Expenses$51,122
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
FOUNDER'S DAY$50,686$48,911$36,189$12,722
Misc Events$10,263$10,263$7,402$2,861
Total Events$60,949$59,174$43,591$15,583
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
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 9

Keith stanley po box 3003 wilton, ia 52778 mark peterson 101 w 4th street wilton, ia 52778 mark knouse wilton, ia 52778 joe burnett wilton, ia 52778 julie sprague wilton, ia 52778 dennis hanser wilton, ia 52778 lynn ochiltree wilton, ia 52778 monika verdinez wilton, ia 52778 scott vieten don roth nathan mather becky brisker lily geiger derek sawvell jennifer duffe

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

Executive director will conduct a review of form 990 before signing the return.

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Wilton Industrial Development
EIN
23-7128889
Phone
5637325002
Address
PO BOX 443, WILTON, IA 52778

Signing Officer

Name
Rebeckah Allgood
Title
Executive Director
Phone
5637325002
Signed
2024-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeff Horne
Formed
1965
Legal Domicile
Ia
Voting Board Members
16
Independent Board Members
16
Employees
3

Preparer

Firm
Ds Webb & Company Pc
Address
504 MAURER ST / BOX 967, WILTON, IA 52778
Preparer
Duane S Webb CPA
Phone
5637323890
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The corporation's mission is to promote the general welfare of the business, professional and community interests of the residents of wilton and the surrounding area, to promote existing and new industries, and make available suitable residential, commercial & industrial sites.

Form 990, Page 2, Part III, Line 4D

To promote the general welfare of the business, professional and community interests of the residents of wilton and the surrounding area, to promote existing and new industries, and make available suitable commerical & industrial sites.

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IRS990/OtherExpensesGrp/TotalAmt337
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt013832
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt041495
IRS990/OtherSalariesAndWagesGrp/TotalAmt055327
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01084
IRS990/PayrollTaxesGrp/ProgramServicesAmt03253
IRS990/PayrollTaxesGrp/TotalAmt04337
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JEFF HORNE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActyOtherGrp/Desc0TO PROMOTE THE GENERAL WELFARE OF THE BUSINESS, PROFESSIONAL AND COMMUNITY INTERESTS OF THE RESIDENTS OF WILTON AND THE SURROUNDING AREA, TO PROMOTE EXISTING AND NEW INDUSTRIES, AND MAKE AVAILABLE SUITABLE COMMERICAL & INDUSTRIAL SITES.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt023880
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt089898
IRS990/PYInvestmentIncomeAmt0-20457
IRS990/PYOtherExpensesAmt018836
IRS990/PYOtherRevenueAmt0-10863
IRS990/PYProgramServiceRevenueAmt02590
IRS990/PYRevenuesLessExpensesAmt0-21128
IRS990/PYSalariesCompEmpBnftPaidAmt063460
IRS990/PYTotalExpensesAmt082296
IRS990/PYTotalRevenueAmt061168
IRS990/ReconcilationRevenueExpnssAmt082003
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt06599
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0100108
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0302738
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03332
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03332
IRS990ScheduleD/LandGrp/BookValueAmt030387
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt030387
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt012846
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt088691
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0101537
IRS990ScheduleD/TotalBookValueLandBuildingsAmt043233
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt01775
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt01775
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt043591
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FOUNDER'S DAY
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0MISC EVENTS
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt050686
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt010263
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt060949
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt048911
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt010263
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt059174
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt015583
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt043591
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt036189
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt07402
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION'S MISSION IS TO PROMOTE THE GENERAL WELFARE OF THE BUSINESS, PROFESSIONAL AND COMMUNITY INTERESTS OF THE RESIDENTS OF WILTON AND THE SURROUNDING AREA, TO PROMOTE EXISTING AND NEW INDUSTRIES, AND MAKE AVAILABLE SUITABLE RESIDENTIAL, COMMERCIAL & INDUSTRIAL SITES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TO PROMOTE THE GENERAL WELFARE OF THE BUSINESS, PROFESSIONAL AND COMMUNITY INTERESTS OF THE RESIDENTS OF WILTON AND THE SURROUNDING AREA, TO PROMOTE EXISTING AND NEW INDUSTRIES, AND MAKE AVAILABLE SUITABLE COMMERICAL & INDUSTRIAL SITES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2KEITH STANLEY PO BOX 3003 WILTON, IA 52778 MARK PETERSON 101 W 4TH STREET WILTON, IA 52778 MARK KNOUSE WILTON, IA 52778 JOE BURNETT WILTON, IA 52778 JULIE SPRAGUE WILTON, IA 52778 DENNIS HANSER WILTON, IA 52778 LYNN OCHILTREE WILTON, IA 52778 MONIKA VERDINEZ WILTON, IA 52778 SCOTT VIETEN DON ROTH NATHAN MATHER BECKY BRISKER LILY GEIGER DEREK SAWVELL JENNIFER DUFFE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EXECUTIVE DIRECTOR WILL CONDUCT A REVIEW OF FORM 990 BEFORE SIGNING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0482165
IRS990/TotalAssetsEOYAmt0568637
IRS990/TotalAssetsGrp/BOYAmt0482165
IRS990/TotalAssetsGrp/EOYAmt0568637
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt092628
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt027280
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt072259
IRS990/TotalFunctionalExpensesGrp/TotalAmt099539
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04725
IRS990/TotalLiabilitiesEOYAmt09194
IRS990/TotalLiabilitiesGrp/BOYAmt04725
IRS990/TotalLiabilitiesGrp/EOYAmt09194
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0477440
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0559443
IRS990/TotalOtherProgSrvcExpenseAmt023880
IRS990/TotalProgramServiceExpensesAmt072259
IRS990/TotalRevenueGrp/ExclusionAmt09674
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt068789
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0181542
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0482165
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0568637
IRS990/TravelGrp/ProgramServicesAmt0189
IRS990/TravelGrp/TotalAmt0189
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0104 E 4TH STREET
IRS990/USAddress/CityNm0WILTON
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd052778
IRS990/VotingMembersGoverningBodyCnt016
IRS990/VotingMembersIndependentCnt016
IRS990/WebsiteAddressTxt0NA
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0REBECKAH ALLGOOD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05637325002
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WILTON INDUSTRIAL DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0WILT
ReturnHeader/Filer/EIN0237128889
ReturnHeader/Filer/PhoneNum05637325002
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 443
ReturnHeader/Filer/USAddress/CityNm0WILTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd052778
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0260521467
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DS WEBB & COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0504 MAURER ST / BOX 967
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WILTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd052778
ReturnHeader/PreparerPersonGrp/PhoneNum05637323890
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DUANE S WEBB CPA
ReturnHeader/ReturnTs02024-05-07T11:47:17-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0REBECKAH
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ALLGOOD
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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