Civic Intelligence

Madison County Development Group

990 • Fiscal year 2024 • EIN 42-1303617

Jul 01, 2023 to Jun 30, 2024 • Filed on Sep 04, 2024

1217 N 6th Avenue Ste 3Winterset, IA 50273

(515) 462-1891

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$612,729

Up $3,015 (+0.5%) from 2023

Net Assets

Up

$612,675

Up $7,058 (+1.2%) from 2023

Liabilities

Down

$54

Down $4,043 (-99%) from 2023

Revenue And Expenses

Revenue

Up

$164,202

Up $3,209 (+2.0%) from 2023

Expenses

Up

$157,144

Up $14,759 (+10%) from 2023

Net Income

Down

$7,058

Down $11,550 (-62%) from 2023

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

2024

Assets$612,729
Liabilities$54
Net Assets$612,675

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

2024

Revenue$164,202
Expenses$157,144
Net Income$7,058
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Sep 4, 2024
Return Version
2023v5.0
Gross Receipts
$164,202
Mission and Program Overview

Mission

To attract businesses to locate in madison county, iowa

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$348,677$390,473▲ $41,796
Other Notes and Loans Receivable, Net$136,022$120,413▼ $15,609
Cash and Non-Interest-Bearing Accounts$124,653$101,679▼ $22,974
Land, Buildings, and Equipment, Net$362$164▼ $198
Total Assets$609,714$612,729▲ $3,015
Liabilities
Other Liabilities$4,097$54▼ $4,043
Total Liabilities$4,097$54▼ $4,043
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$605,617$612,675▲ $7,058
Total Net Assets Fund Balance$605,617$612,675▲ $7,058
Total Liabilities and Net Assets / Fund Balance$609,714$612,729▲ $3,015
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tom Leners Left Dec 2023SecretaryFT$59,304$1,779$61,083

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$120,855
Program Service Revenue
$20,100
Investment Income
$16,973
Other Revenue
$6,274
All Other Contributions
$16,105
Change in Net Assets
$7,058
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$91,482
Salaries, Compensation, and Employee Benefits$65,662
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-$61,083-$61,083
Fees for Services Accounting-$6,150-$6,150
Occupancy-$6,103-$6,103
Payroll Taxes-$4,579-$4,579
Office Expenses-$2,597-$2,597
All Other Expenses-$1,859-$1,859
Insurance-$1,789-$1,789
Advertising-$1,601-$1,601
Travel-$1,434-$1,434
Other Expenses-$1,028-$1,028
Conferences and Meetings-$593-$593
Depreciation Depletion-$197-$197
Total Functional Expenses$0$157,144$0$157,144
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
Payroll Liabilities$42
Due to Alliance$12
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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 6

The officers of the corporation shall consist of a president and a past 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 eighteen, 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, a county supervisor of madison county, iowa, and a representative of the winterset municipal utilitiy board 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 12C

Board members are is required to sign a statement annually they are aware of the conflicts of interest policy.

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
5154621891
Address
1217 N 6TH AVENUE STE 3, WINTERSET, IA 50273

Signing Officer

Name
S James Smith
Title
Treasurer
Phone
5154621891
Signed
2024-09-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ryan Marquardt
Formed
1987
Legal Domicile
Ia
Voting Board Members
18
Independent Board Members
18
Employees
1
Volunteers
20

Preparer

Firm
Mhcs 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/NetAssetsOrFundBalancesEOYAmt0612675
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0605617
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0612675
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt06103
IRS990/OccupancyGrp/TotalAmt06103
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02597
IRS990/OfficeExpensesGrp/TotalAmt02597
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0CITY OF WINTERSET REIMBUR
IRS990/OtherExpensesGrp/Desc1MEMBERSHIP FEES
IRS990/OtherExpensesGrp/Desc2FLOWER EXPENSE
IRS990/OtherExpensesGrp/Desc3PROFESSIONAL DEVELOPMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt055423
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt16770
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt25938
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt31028
IRS990/OtherExpensesGrp/TotalAmt055423
IRS990/OtherExpensesGrp/TotalAmt16770
IRS990/OtherExpensesGrp/TotalAmt25938
IRS990/OtherExpensesGrp/TotalAmt31028
IRS990/OtherLiabilitiesGrp/BOYAmt04097
IRS990/OtherLiabilitiesGrp/EOYAmt054
IRS990/OtherRevenueMiscGrp/Desc0FOUNDATION ADMINISTRATION
IRS990/OtherRevenueMiscGrp/Desc1PROPERTY TAX REIMBURSEMENT
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt04600
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt11674
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04600
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11674
IRS990/OtherRevenueTotalAmt06274
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0136022
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0120413
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04579
IRS990/PayrollTaxesGrp/TotalAmt04579
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0RYAN MARQUARDT
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt020100
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt020100
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0119842
IRS990/PYInvestmentIncomeAmt05151
IRS990/PYOtherExpensesAmt046143
IRS990/PYOtherRevenueAmt011100
IRS990/PYProgramServiceRevenueAmt024900
IRS990/PYRevenuesLessExpensesAmt018608
IRS990/PYSalariesCompEmpBnftPaidAmt096242
IRS990/PYTotalExpensesAmt0142385
IRS990/PYTotalRevenueAmt0160993
IRS990/ReconcilationRevenueExpnssAmt07058
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0348677
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0390473
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
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0false
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt042
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt112
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO ALLIANCE
IRS990ScheduleD/TotalLiabilityAmt054
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE OFFICERS OF THE CORPORATION SHALL CONSIST OF A PRESIDENT AND A PAST 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 EIGHTEEN, 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, A COUNTY SUPERVISOR OF MADISON COUNTY, IOWA, AND A REPRESENTATIVE OF THE WINTERSET MUNICIPAL UTILITIY BOARD 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/ExplanationTxt3BOARD MEMBERS ARE IS REQUIRED TO SIGN A STATEMENT ANNUALLY THEY ARE AWARE OF THE CONFLICTS OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO 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 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 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/TotalAssetsBOYAmt0609714
IRS990/TotalAssetsEOYAmt0612729
IRS990/TotalAssetsGrp/BOYAmt0609714
IRS990/TotalAssetsGrp/EOYAmt0612729
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0120855
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0157144
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0157144
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04097
IRS990/TotalLiabilitiesEOYAmt054
IRS990/TotalLiabilitiesGrp/BOYAmt04097
IRS990/TotalLiabilitiesGrp/EOYAmt054
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0605617
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0612675
IRS990/TotalOtherCompensationAmt01779
IRS990/TotalProgramServiceRevenueAmt020100
IRS990/TotalReportableCompFromOrgAmt059304
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt043347
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0164202
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0609714
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0612729
IRS990/TravelGrp/ManagementAndGeneralAmt01434
IRS990/TravelGrp/TotalAmt01434
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false

Document Assets

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Filings

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
2024Detailed filing. Detailed filing data is available for this year.$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
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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