Civic Intelligence

Madison County Development Group

990 • Fiscal year 2021 • EIN 42-1303617

Jul 01, 2020 to Jun 30, 2021 • Filed on Sep 14, 2021

Organization ProfileWWW.MADISONCOUNTYDEVELOPMENT.COM
1217 N 6th Avenue Ste 3Winterset, IA 50273

(515) 462-1882

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$573,720

Up $74,799 (+15%) from 2020

Net Assets

Up

$551,745

Up $56,362 (+11%) from 2020

Liabilities

Up

$21,975

Up $18,437 (+521%) from 2020

Revenue And Expenses

Revenue

Up

$194,292

Up $30,338 (+19%) from 2020

Expenses

Down

$137,930

Down $14,694 (-9.6%) from 2020

Net Income

Up

$56,362

Up $45,032 (+397%) from 2020

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2012: $320,258Liabilities 2012: $2,5082012Assets 2013: $384,224Liabilities 2013: $2,752Net Assets 2013: $381,4722013Assets 2014: $420,439Liabilities 2014: $1,841Net Assets 2014: $418,5982014Assets 2015: $444,151Liabilities 2015: $2,456Net Assets 2015: $441,6952015Assets 2016: $460,260Liabilities 2016: $2,888Net Assets 2016: $457,3722016Assets 2017: $475,959Liabilities 2017: $3,078Net Assets 2017: $472,8812017Assets 2018: $490,437Liabilities 2018: $3,189Net Assets 2018: $487,2482018Assets 2019: $487,431Liabilities 2019: $3,378Net Assets 2019: $484,0532019Assets 2020: $498,921Liabilities 2020: $3,538Net Assets 2020: $495,3832020Assets 2021: $573,720Liabilities 2021: $21,975Net Assets 2021: $551,7452021Assets 2022: $593,223Liabilities 2022: $6,214Net Assets 2022: $587,0092022Assets 2023: $609,714Liabilities 2023: $4,097Net Assets 2023: $605,6172023Assets 2024: $612,729Liabilities 2024: $54Net Assets 2024: $612,6752024Assets 2025: $629,444Liabilities 2025: $0Net Assets 2025: $629,4442025

Highlighted filing

2021

Assets$573,720
Liabilities$21,975
Net Assets$551,745
Open 2021 Filing

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2012: $154,802Expenses 2012: $111,387Net Income 2012: $43,4152012Revenue 2013: $180,134Expenses 2013: $116,412Net Income 2013: $63,7222013Revenue 2014: $155,022Expenses 2014: $117,896Net Income 2014: $37,1262014Revenue 2015: $126,222Expenses 2015: $103,125Net Income 2015: $23,0972015Revenue 2016: $130,553Expenses 2016: $114,876Net Income 2016: $15,6772016Revenue 2017: $128,566Expenses 2017: $113,057Net Income 2017: $15,5092017Revenue 2018: $133,624Expenses 2018: $119,257Net Income 2018: $14,3672018Revenue 2019: $139,805Expenses 2019: $142,998Net Income 2019: -$3,1932019Revenue 2020: $163,954Expenses 2020: $152,624Net Income 2020: $11,3302020Revenue 2021: $194,292Expenses 2021: $137,930Net Income 2021: $56,3622021Revenue 2022: $168,058Expenses 2022: $132,794Net Income 2022: $35,2642022Revenue 2023: $160,993Expenses 2023: $142,385Net Income 2023: $18,6082023Revenue 2024: $164,202Expenses 2024: $157,144Net Income 2024: $7,0582024Revenue 2025: $173,800Expenses 2025: $157,031Net Income 2025: $16,7692025

Highlighted filing

2021

Revenue$194,292
Expenses$137,930
Net Income$56,362
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Sep 14, 2021
Return Version
2020v4.0
Gross Receipts
$194,292
Mission and Program Overview

Mission

To attract businesses to locate in madison county, iowa

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$451,375$483,252▲ $31,877
Other Notes and Loans Receivable, Net$46,250$89,506▲ $43,256
Land, Buildings, and Equipment, Net$1,296$962▼ $334
Total Assets$498,921$573,720▲ $74,799
Liabilities
Other Liabilities$3,538$21,975▲ $18,437
Total Liabilities$3,538$21,975▲ $18,437
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$495,383$551,745▲ $56,362
Total Net Assets Fund Balance$495,383$551,745▲ $56,362
Total Liabilities and Net Assets / Fund Balance$498,921$573,720▲ $74,799
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tom LenersSecretaryFT$82,040$2,461$84,501

Board Members and Trustees

NameTitle
Dave LagrangePresident
Bryan NelsonDirector
Drew BardenDirector
Jane RosienDirector
Jeff LillieDirector
Jennifer JacksonDirector
Justin GrossDirector
Kelley Brown Left 123120Director
Mark SmithDirector
Phil CliftonDirector
Scott WesselmannDirector
Shane PashekDirector
Sharon DentlingerDirector
S James SmithTreasurer
Dan NielsenVice Preside
Jeff NolanVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$160,126
Program Service Revenue
$17,076
Investment Income
$3,970
Other Revenue
$13,120
All Other Contributions
$14,152
Change in Net Assets
$56,362
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$90,819
Other Expenses$47,111
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$84,501
Fees for Services Accounting---$7,049
Payroll Taxes---$6,318
Occupancy---$5,100
Other Expenses---$3,859
All Other Expenses---$3,728
Insurance---$1,760
Advertising---$1,389
Depreciation Depletion---$334
Office Expenses---$265
Total Functional Expenses$0$0$0$137,930
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
In-house lobbying only
No
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sba Ppp Loan$18,229
Payroll Liabilities$3,746
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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 6

“The officers of the corporation shall consist of a president, a vice president, a secretary and a treasurer, and such other officers as may be elected or appointed by the board of directors.”

Form 990, Page 6, Part VI, Line 7A

“Number and election of directors. The number of directors of the corporation shall be not less than seven nor more than fifteen, as set from time by the board of directors. At the annual meeting of members, the members shall elect directors to hold office until the next succeeding annual meeting, and each director shall hold office for the term for which he is elected or until his successor shall have been elected and qualified. The city administrator of the city of winterset,and a county supervisor of madison county, iowa shall be voting members of the board of directors. Election and term of office. The officers of the corporation shall be elected annually by the board of directors at the first meeting of the board of directors held after each annual meeting of the members. If the election of officers shall not be held at such meeting, such election shall be held as soon thereafter as conveniently may be. Vacancies may be filled or new officer positions created and filled at any meeting of the board of directors. Each officer shall hold office until his successor shall have been duly elected and qualifed, until his death or until he shall resign or shall have been removed. Election or appointment of an officer shall not of iteself create contract rights.”

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

“A draft copy of the 990 is provided to the organization's executive committee prior to signature.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Madison County Development Group
EIN
42-1303617
Phone
5154621882
Address
1217 N 6TH AVENUE STE 3, WINTERSET, IA 50273

Signing Officer

Name
S James Smith
Title
Treasurer
Phone
5154621882
Signed
2021-09-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tom Leners
Formed
1987
Legal Domicile
Ia
Voting Board Members
16
Independent Board Members
16
Employees
1
Volunteers
20

Preparer

Firm
Mcgowen Hurst Clark & Smith Pc
Address
1601 W LAKES PKWY STE 300, WEST DES MOINES, IA 50266
Preparer
S James Smith CPA
Phone
5152883279
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
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
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IRS990ScheduleC/OnlyInHouseLobbyingInd0false
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018229
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13746
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SBA PPP LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL LIABILITIES
IRS990ScheduleD/TotalLiabilityAmt021975
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE OFFICERS OF THE CORPORATION SHALL CONSIST OF A PRESIDENT, A VICE PRESIDENT, A SECRETARY AND A TREASURER, AND SUCH OTHER OFFICERS AS MAY BE ELECTED OR APPOINTED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NUMBER AND ELECTION OF DIRECTORS. THE NUMBER OF DIRECTORS OF THE CORPORATION SHALL BE NOT LESS THAN SEVEN NOR MORE THAN FIFTEEN, AS SET FROM TIME BY THE BOARD OF DIRECTORS. AT THE ANNUAL MEETING OF MEMBERS, THE MEMBERS SHALL ELECT DIRECTORS TO HOLD OFFICE UNTIL THE NEXT SUCCEEDING ANNUAL MEETING, AND EACH DIRECTOR SHALL HOLD OFFICE FOR THE TERM FOR WHICH HE IS ELECTED OR UNTIL HIS SUCCESSOR SHALL HAVE BEEN ELECTED AND QUALIFIED. THE CITY ADMINISTRATOR OF THE CITY OF WINTERSET,AND A COUNTY SUPERVISOR OF MADISON COUNTY, IOWA SHALL BE VOTING MEMBERS OF THE BOARD OF DIRECTORS. ELECTION AND TERM OF OFFICE. THE OFFICERS OF THE CORPORATION SHALL BE ELECTED ANNUALLY BY THE BOARD OF DIRECTORS AT THE FIRST MEETING OF THE BOARD OF DIRECTORS HELD AFTER EACH ANNUAL MEETING OF THE MEMBERS. IF THE ELECTION OF OFFICERS SHALL NOT BE HELD AT SUCH MEETING, SUCH ELECTION SHALL BE HELD AS SOON THEREAFTER AS CONVENIENTLY MAY BE. VACANCIES MAY BE FILLED OR NEW OFFICER POSITIONS CREATED AND FILLED AT ANY MEETING OF THE BOARD OF DIRECTORS. EACH OFFICER SHALL HOLD OFFICE UNTIL HIS SUCCESSOR SHALL HAVE BEEN DULY ELECTED AND QUALIFED, UNTIL HIS DEATH OR UNTIL HE SHALL RESIGN OR SHALL HAVE BEEN REMOVED. ELECTION OR APPOINTMENT OF AN OFFICER SHALL NOT OF ITESELF CREATE CONTRACT RIGHTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A DRAFT COPY OF THE 990 IS PROVIDED TO THE ORGANIZATION'S EXECUTIVE COMMITTEE PRIOR TO SIGNATURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0498921
IRS990/TotalAssetsEOYAmt0573720
IRS990/TotalAssetsGrp/BOYAmt0498921
IRS990/TotalAssetsGrp/EOYAmt0573720
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0160126
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0137930
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03538
IRS990/TotalLiabilitiesEOYAmt021975
IRS990/TotalLiabilitiesGrp/BOYAmt03538
IRS990/TotalLiabilitiesGrp/EOYAmt021975
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0495383
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0551745
IRS990/TotalOtherCompensationAmt02461
IRS990/TotalProgramServiceRevenueAmt017076
IRS990/TotalReportableCompFromOrgAmt082040
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt034166
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0194292
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0498921
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0573720
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt016
IRS990/VotingMembersIndependentCnt016
IRS990/WebsiteAddressTxt0WWW.MADISONCOUNTYDEVELOPMENT.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0S JAMES SMITH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05154621882
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-09-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MADISON COUNTY DEVELOPMENT GROUP
ReturnHeader/Filer/BusinessNameControlTxt0MADI
ReturnHeader/Filer/EIN0421303617
ReturnHeader/Filer/PhoneNum05154621882
ReturnHeader/Filer/USAddress/AddressLine1Txt01217 N 6TH AVENUE STE 3
ReturnHeader/Filer/USAddress/CityNm0WINTERSET
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050273
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0421104473
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MCGOWEN HURST CLARK & SMITH PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01601 W LAKES PKWY STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WEST DES MOINES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd050266
ReturnHeader/PreparerPersonGrp/PhoneNum05152883279
ReturnHeader/PreparerPersonGrp/PreparationDt02021-09-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0S JAMES SMITH CPA
ReturnHeader/ReturnTs02021-09-14T12:10:38-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0S JAMES
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SMITH
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$573,720
Liabilities
$21,975
Net assets
$551,745
Revenue
$194,292
Expenses
$137,930
Net income
$56,362
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.29$0.00$6.29$1.74$1.57$0.17
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.13$0.00$6.13$1.64$1.57$0.07
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.10$0.04$6.06$1.61$1.42$0.19
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.93$0.06$5.87$1.68$1.33$0.35
2021Detailed filing. Detailed filing data is available for this year.$5.74$0.22$5.52$1.94$1.38$0.56
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.99$0.04$4.95$1.64$1.53$0.11
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.87$0.03$4.84$1.40$1.43$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.90$0.03$4.87$1.34$1.19$0.14
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.76$0.03$4.73$1.29$1.13$0.16
2016Detailed filing. Detailed filing data is available for this year.$4.60$0.03$4.57$1.31$1.15$0.16
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.44$0.02$4.42$1.26$1.03$0.23
2014Detailed filing. Detailed filing data is available for this year.$4.20$0.02$4.19$1.55$1.18$0.37
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.84$0.03$3.81$1.80$1.16$0.64
2012Summary only. Only limited summary data is available for this year.$3.20$0.03$1.55$1.11$0.43