Civic Intelligence

Perry Economic Development Inc.

990 • Fiscal year 2021 • EIN 42-1234767

Jul 01, 2020 to Jun 30, 2021 • Filed on Jan 26, 2023

Organization ProfileN/A
PO Box 158Perry, IA 50220

(515) 465-3545

Siviq Scores

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

Liabilities / Assets

57th percentile

0.11x

Higher debt load relative to assets than 57% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

59th percentile

0.15x

Higher debt load relative to revenue than 59% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

96th percentile

82%

Higher net margin than 96% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

95th percentile

141%

Faster asset growth than 95% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

100th percentile

70056%

Faster revenue growth than 100% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$3,425,907

Up $2,006,674 (+141%) from 2020

Net Assets

Up

$3,060,793

Up $2,004,596 (+190%) from 2020

Liabilities

Up

$365,114

Up $2,078 (+0.6%) from 2020

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin96th percentile

Revenue

Up

$2,435,116

Up $2,431,645 (+70056%) from 2020

Expenses

Up

$430,520

Up $343,463 (+395%) from 2020

Net Income

Up

$2,004,596

Up $2,088,182 (+2498%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

$6.0M$4.0M$2.0M$0Assets 2012: $1,126,793Liabilities 2012: $570,000Net Assets 2012: $556,7932012Assets 2013: $1,126,640Liabilities 2013: $512,754Net Assets 2013: $613,8862013Assets 2014: $1,117,358Liabilities 2014: $441,138Net Assets 2014: $676,2202014Assets 2015: $1,070,935Liabilities 2015: $366,509Net Assets 2015: $704,4262015Assets 2016: $1,057,967Liabilities 2016: $287,578Net Assets 2016: $770,3892016Assets 2017: $1,080,422Liabilities 2017: $205,143Net Assets 2017: $875,2792017Assets 2018: $1,292,058Liabilities 2018: $307,885Net Assets 2018: $984,1732018Assets 2019: $1,502,759Liabilities 2019: $362,976Net Assets 2019: $1,139,7832019Assets 2020: $1,419,233Liabilities 2020: $363,036Net Assets 2020: $1,056,1972020Assets 2021: $3,425,907Liabilities 2021: $365,114Net Assets 2021: $3,060,7932021Assets 2022: $5,122,246Liabilities 2022: $1,982,929Net Assets 2022: $3,139,3172022Assets 2023: $4,601,849Liabilities 2023: $1,797,130Net Assets 2023: $2,804,7192023Assets 2024: $2,593,652Liabilities 2024: $1,430,123Net Assets 2024: $1,163,5292024

Highlighted filing

2021

Assets$3,425,907
Liabilities$365,114
Net Assets$3,060,793
Open 2021 Filing

Operations Trend

Revenue Growth100th percentile

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2012: $30,031Expenses 2012: $122,706Net Income 2012: -$92,6752012Expenses 2013: $34,9912013Revenue 2014: $172,470Expenses 2014: $110,136Net Income 2014: $62,3342014Revenue 2015: $110,515Expenses 2015: $82,309Net Income 2015: $28,2062015Revenue 2016: $111,109Expenses 2016: $45,146Net Income 2016: $65,9632016Revenue 2017: $123,960Expenses 2017: $19,070Net Income 2017: $104,8902017Revenue 2018: $234,611Expenses 2018: $125,717Net Income 2018: $108,8942018Revenue 2019: $168,739Expenses 2019: $13,129Net Income 2019: $155,6102019Revenue 2020: $3,471Expenses 2020: $87,057Net Income 2020: -$83,5862020Revenue 2021: $2,435,116Expenses 2021: $430,520Net Income 2021: $2,004,5962021Revenue 2022: $1,890,621Expenses 2022: $1,812,097Net Income 2022: $78,5242022Revenue 2023: $158,353Expenses 2023: $492,951Net Income 2023: -$334,5982023Revenue 2024: $400,372Expenses 2024: $1,924,851Net Income 2024: -$1,524,4792024

Highlighted filing

2021

Revenue$2,435,116
Expenses$430,520
Net Income$2,004,596
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jan 26, 2023
Return Version
2020v4.0
Gross Receipts
$3,020,274
Mission and Program Overview

Mission

Economic development for perry, iowa

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,056,197$3,060,793▲ $2,004,596
Land, Buildings, and Equipment, Net$703,033$2,586,907▲ $1,883,874
Cash and Non-Interest-Bearing Accounts$93,444$305,644▲ $212,200
Savings and Temporary Cash Investments$155,991$250,588▲ $94,597
Prepaid Expenses and Deferred Charges-$12,382-
Accounts Receivable-$3,338-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,419,233$3,425,907▲ $2,006,674
Other Assets Total$466,765$267,048▼ $199,717
Liabilities
Mortgage Notes Payable Secured by Investment Property$360,000--
Other Liabilities-$333,142-
Accounts Payable and Accrued Expenses$3,036$31,972▲ $28,936
Total Liabilities$363,036$365,114▲ $2,078
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,056,197$3,060,793▲ $2,004,596
Total Liabilities and Net Assets / Fund Balance$1,419,233$3,425,907▲ $2,006,674

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,680,128$9,037$1,689,165
Land$749,837-$749,837
Other Land Buildings$96,076$1,752$97,828
Equipment$38,467$701$39,168
Leasehold Improvements$22,399$188$22,587
Other Assets Org$250,000--
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Richard JonesPresident
William ClarkVice President
Daniel SpellmanDirector
Jon PetersDirector
Scott FinnesethDirector
Terry NielsenDirector
Thomas BurkgrenDirector
Monica ScheibSec/Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$1,957,700
Program Service Revenue
$0
Investment Income
$146,766
Other Revenue
$330,650
All Other Contributions
$1,512,700
Change in Net Assets
$2,004,596
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$239,532
Salaries, Compensation, and Employee Benefits$115,988
Grants and Similar Amounts Paid$75,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$87,205--$87,205
Grants to Domestic Orgs$75,000--$75,000
All Other Expenses$49,072--$49,072
Payroll Taxes$28,783--$28,783
Other Expenses$16,224--$16,224
Depreciation Depletion$11,678--$11,678
Insurance$11,028--$11,028
Advertising$9,105--$9,105
Fees for Services Accounting$3,937--$3,937
Total Functional Expenses$430,520$0$0$430,520
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Hotel PatteelapostePerry, IA-Promotion of Economic Development$75,000
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tif Development Agreement Payable$250,000
Hp/lp Real Estate Taxes Payable$36,799
Hp-sls Tax Payable$29,063
Hp-gift Crds$9,789
Lp-event Deposits$7,491
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
Yes

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“No review was or will be conducted.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Documents available to public upon request”

Filing and Contact Details

Filer

Filer Name
Perry Economic Development Inc
EIN
42-1234767
Address
PO BOX 158, PERRY, IA 50220

Signing Officer

Name
Darren Lindstrom
Title
Officer
Signed
2023-01-26
Discuss with paid preparer
Yes

Organization Details

Formed
1980
Legal Domicile
Ia
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
7

Preparer

Firm
Meriwether Wilson & Co PLLC
Address
1307 Second St, Perry, IA 50220
Preparer
Nick Siebrecht CPA
Phone
5154653591
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E: Other Expenses

“DMACC EXPENSE-SIGN: Column (A) - Total = $1249; Column (B) - Program Services = $1249; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“DMACC PERRY PROMISE: Column (A) - Total = $393; Column (B) - Program Services = $393; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“DUES-GDCA: Column (A) - Total = $1000; Column (B) - Program Services = $1000; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“HP/LP COMPUTER & SOFTWARE EXP: Column (A) - Total = $784; Column (B) - Program Services = $784; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“HP/LP DUES AND SUBSCRIPTIONS: Column (A) - Total = $5939; Column (B) - Program Services = $5939; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“HP/LP EQUIPMENT RENTAL: Column (A) - Total = $1859; Column (B) - Program Services = $1859; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“HP/LP LICENSE AND PERMITS: Column (A) - Total = $3038; Column (B) - Program Services = $3038; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“HP/LP MISCELLANEOUS OTHER: Column (A) - Total = $814; Column (B) - Program Services = $814; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“HP/LP TELEPHONE: Column (A) - Total = $5702; Column (B) - Program Services = $5702; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“HP/LP-CREDIT CARD AND BANK FEE: Column (A) - Total = $12761; Column (B) - Program Services = $12761; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“HP/LP-REAL ESTATE TAXES: Column (A) - Total = $7420; Column (B) - Program Services = $7420; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“HP/LP-SUPPLIES: Column (A) - Total = $3497; Column (B) - Program Services = $3497; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“HP/LP-UNIFORMS: Column (A) - Total = $1448; Column (B) - Program Services = $1448; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“Postage and Shipping: Column (A) - Total = $142; Column (B) - Program Services = $142; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“PROPERTY TAXES: Column (A) - Total = $2460; Column (B) - Program Services = $2460; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“SIGN INDUSTRIAL PARK: Column (A) - Total = $566; Column (B) - Program Services = $566; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

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IRS990/LandBldgEquipBasisNetGrp/BOYAmt0703033
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02586907
IRS990/LandBldgEquipCostOrOtherBssAmt02598585
IRS990/LegalDomicileStateCd0IA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0585158
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt091
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt091
IRS990/MissionDesc0ECONOMIC DEVELOPMENT FOR PERRY, IOWA
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0360000
IRS990/NetAssetsOrFundBalancesBOYAmt01056197
IRS990/NetAssetsOrFundBalancesEOYAmt03060793
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0139662
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0139662
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0466765
IRS990/OtherAssetsTotalGrp/EOYAmt0267048
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0HP/LP COGS
IRS990/OtherExpensesGrp/Desc1INDUSTRIAL PARK EXP
IRS990/OtherExpensesGrp/Desc2HP/LP-REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3HP/LP-UTILITIES
IRS990/OtherExpensesGrp/ProgramServicesAmt079751
IRS990/OtherExpensesGrp/ProgramServicesAmt131769
IRS990/OtherExpensesGrp/ProgramServicesAmt226968
IRS990/OtherExpensesGrp/ProgramServicesAmt316224
IRS990/OtherExpensesGrp/TotalAmt079751
IRS990/OtherExpensesGrp/TotalAmt131769
IRS990/OtherExpensesGrp/TotalAmt226968
IRS990/OtherExpensesGrp/TotalAmt316224
IRS990/OtherLiabilitiesGrp/EOYAmt0333142
IRS990/OtherRevenueMiscGrp/Desc0HOTEL/LAPOSTE REVENUE
IRS990/OtherRevenueMiscGrp/Desc1REIMBURSED EXPENSES
IRS990/OtherRevenueMiscGrp/Desc2RENT INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0325684
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt11500
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt23375
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0325684
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11500
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt23375
IRS990/OtherRevenueTotalAmt0330650
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt087205
IRS990/OtherSalariesAndWagesGrp/TotalAmt087205
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt028783
IRS990/PayrollTaxesGrp/TotalAmt028783
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt012382
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt075000
IRS990/PYInvestmentIncomeAmt031
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt012057
IRS990/PYOtherRevenueAmt03440
IRS990/PYRevenuesLessExpensesAmt0-83586
IRS990/PYTotalExpensesAmt087057
IRS990/PYTotalRevenueAmt03471
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt02004596
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01056197
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03060793
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0155991
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0250588
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01845200
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt066000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0233661
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0122605
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02267466
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01741
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0567
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01355
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt03663
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01741
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0567
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01355
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03663
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt02359976
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus2YearsAmt092510
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt092510
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01845200
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0158510
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0233661
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0122605
IRS990ScheduleA/Total509Grp/TotalAmt02359976
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01845200
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0160251
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0234228
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0123960
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02363639
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/BuildingsGrp/BookValueAmt01680128
IRS990ScheduleD/BuildingsGrp/DepreciationAmt09037
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01689165
IRS990ScheduleD/EquipmentGrp/BookValueAmt038467
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0701
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt039168
IRS990ScheduleD/LandGrp/BookValueAmt0749837
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0749837
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt022399
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0188
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt022587
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01260
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt115788
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2250000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ACCRUED SIGN EXP RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1HP/LP INVENTORY
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2INVESTMENT- SPEC BUILDING
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3TIF DEVELOPMENT AGREEMENT REC
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt096076
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01752
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt097828
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt036799
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt19789
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt229063
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt37491
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4250000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0HP/LP REAL ESTATE TAXES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1HP-GIFT CRDS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2HP-SLS TAX PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3LP-EVENT DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4TIF DEVELOPMENT AGREEMENT PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02586907
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0267048
IRS990ScheduleD/TotalLiabilityAmt0333142
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt075000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PROMOTION OF ECONOMIC DEVELOPMENT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0HOTEL PATTEELAPOSTE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01112 WILLIS AVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0PERRY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd050220
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENTS AVAILABLE TO PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DMACC EXPENSE-SIGN: Column (A) - Total = $1249; Column (B) - Program Services = $1249; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DMACC PERRY PROMISE: Column (A) - Total = $393; Column (B) - Program Services = $393; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DUES-GDCA: Column (A) - Total = $1000; Column (B) - Program Services = $1000; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5HP/LP COMPUTER & SOFTWARE EXP: Column (A) - Total = $784; Column (B) - Program Services = $784; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6HP/LP DUES AND SUBSCRIPTIONS: Column (A) - Total = $5939; Column (B) - Program Services = $5939; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7HP/LP EQUIPMENT RENTAL: Column (A) - Total = $1859; Column (B) - Program Services = $1859; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8HP/LP LICENSE AND PERMITS: Column (A) - Total = $3038; Column (B) - Program Services = $3038; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9HP/LP MISCELLANEOUS OTHER: Column (A) - Total = $814; Column (B) - Program Services = $814; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10HP/LP TELEPHONE: Column (A) - Total = $5702; Column (B) - Program Services = $5702; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,425,907
Liabilities
$365,114
Net assets
$3,060,793
Revenue
$2,435,116
Expenses
$430,520
Net income
$2,004,596
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.59$1.43$1.16$0.40$1.92$1.52
2023Detailed filing. Detailed filing data is available for this year.$4.60$1.80$2.80$0.16$0.49$0.33
2022Detailed filing. Detailed filing data is available for this year.$5.12$1.98$3.14$1.89$1.81$0.08
2021Detailed filing. Detailed filing data is available for this year.$3.43$0.37$3.06$2.44$0.43$2.00
2020Detailed filing. Detailed filing data is available for this year.$1.42$0.36$1.06$0.00$0.09$0.08
2019Detailed filing. Detailed filing data is available for this year.$1.50$0.36$1.14$0.17$0.01$0.16
2018Detailed filing. Detailed filing data is available for this year.$1.29$0.31$0.98$0.23$0.13$0.11
2017Detailed filing. Detailed filing data is available for this year.$1.08$0.21$0.88$0.12$0.02$0.10
2016Detailed filing. Detailed filing data is available for this year.$1.06$0.29$0.77$0.11$0.05$0.07
2015Detailed filing. Detailed filing data is available for this year.$1.07$0.37$0.70$0.11$0.08$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.12$0.44$0.68$0.17$0.11$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$0.51$0.61$0.03
2012Summary only. Only limited summary data is available for this year.$1.13$0.57$0.56$0.03$0.12$0.09