Civic Intelligence

Iowa Area Development Group LC

990 • Fiscal year 2021 • EIN 42-1432150

May 19, 2021 to Dec 31, 2021 • Filed on Aug 16, 2022

Organization ProfileWWW.IADG.COM

View Organization Page

2600 Grand Avenue 430Des Moines, IA 50312

(515) 223-4817

Siviq Scores

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

Liabilities / Assets

95th percentile

0.78x

Higher debt load relative to assets than 95% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

96th percentile

1.49x

Higher debt load relative to revenue than 96% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Net Margin

14th percentile

-4.8%

Higher net margin than 14% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

25th percentile

$0

Higher top officer pay than 25% of similar nonprofits.

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

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Balance Sheet
Liabilities / Assets95th percentile

Assets

$2,642,463

No earlier filing loaded for comparison.

Net Assets

$575,546

No earlier filing loaded for comparison.

Liabilities

$2,066,917

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin14th percentile

Revenue

$1,385,856

No earlier filing loaded for comparison.

Expenses

$1,452,639

No earlier filing loaded for comparison.

Net Income

-$66,783

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2021: $2,642,463Liabilities 2021: $2,066,917Net Assets 2021: $575,5462021Assets 2022: $2,635,167Liabilities 2022: $1,632,419Net Assets 2022: $1,002,7482022Assets 2023: $2,986,424Liabilities 2023: $1,569,760Net Assets 2023: $1,416,6642023Assets 2024: $3,423,353Liabilities 2024: $2,035,142Net Assets 2024: $1,388,2112024

Highlighted filing

2021

Assets$2,642,463
Liabilities$2,066,917
Net Assets$575,546
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2021: $1,385,856Expenses 2021: $1,452,639Net Income 2021: -$66,7832021Revenue 2022: $2,307,769Expenses 2022: $1,880,567Net Income 2022: $427,2022022Revenue 2023: $2,341,480Expenses 2023: $1,927,564Net Income 2023: $413,9162023Revenue 2024: $1,785,569Expenses 2024: $1,814,022Net Income 2024: -$28,4532024

Highlighted filing

2021

Revenue$1,385,856
Expenses$1,452,639
Net Income-$66,783
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
May 19, 2021 to Dec 31, 2021
Signed
Aug 16, 2022
Return Version
2021v4.2
Gross Receipts
$1,385,856
Mission and Program Overview

Mission

It is the mission of iowa area development group to advance business and community development projects and strategies in rural iowa on behalf of our utility members, economic development partners and the communities we serve.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$737,960-
Rtn Earn Endowment Incm Other Fnds$642,329$575,546▼ $66,783
Cash and Non-Interest-Bearing Accounts$1,102,088$333,988▼ $768,100
Land, Buildings, and Equipment, Net$35,860$32,834▼ $3,026
Accounts Receivable$36,595$11,541▼ $25,054
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$2,759,195$2,642,463▼ $116,732
Other Assets Total$1,584,652$1,526,140▼ $58,512
Liabilities
Other Liabilities$1,845,068$1,515,722▼ $329,346
Accounts Payable and Accrued Expenses$271,798$551,195▲ $279,397
Total Liabilities$2,116,866$2,066,917▼ $49,949
Net Assets / Fund Balance
Total Net Assets Fund Balance$642,329$575,546▼ $66,783
Total Liabilities and Net Assets / Fund Balance$2,759,195$2,642,463▼ $116,732

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,249$117,966-
Leasehold Improvements$30,585$85,194-
Other Assets Org$482,976--
Compensation and Service Providers
Top Officer Pay25th percentile

Board Members and Trustees

NameTitle
Douglas AeiltsBoard Chairman
Rand FisherPresident
Ken KuyperBoard Vice Chairman
Bill FarmerBoard Director
David OnkenBoard Director
Marvin NewtonBoard Director
Paul HeinemanBoard Director
Bill CherrierBoard Secretary
Matt WashburnBoard Treasurer
Bruce NuzumChief Executive Officer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,385,157
Investment Income
$699
Other Revenue
$0
Change in Net Assets
$-66,783
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,446,806
Salaries, Compensation, and Employee Benefits$5,833
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses---$130,043
Occupancy---$58,112
Conferences and Meetings---$44,077
Advertising---$39,680
Other Expenses---$20,382
Insurance---$13,842
Fees for Services Accounting---$8,097
Other Employee Benefits---$5,833
Office Expenses---$3,661
Depreciation Depletion---$3,026
Travel---$648
Total Functional Expenses$0$0$0$1,452,639
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
Yes
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sep Advanced Funds$1,515,722
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Bill cherrier & paul heineman - business relationship matt washburn & bill farmer - business relationship douglas aeilts & marvin newton - business relationship rand fisher & bruce nuzum - business relationship”

Form 990, Part VI, Section A, Line 6

“The organization is organized as a limited liability company.”

Form 990, Part VI, Section A, Line 7A

“The class a members of the organization are allowed two representatives on the organization's board of directors at all times.”

Form 990, Part VI, Section A, Line 7B

“Any modifications to the organization's operating agreement must be approved by members. Such action cannot be completed with just the organization's board of directors.”

Form 990, Part VI, Section A, Line 8B

“NOT APPLICABLE”

Form 990, Part VI, Section B, Line 11B

“The 990 will be shared and reviewed before filing by all iadg directors.”

Form 990, Part VI, Section B, Line 12C

“Policy reviewed annually when board members sign for the year.”

Form 990, Part VI, Section C, Line 18

“BY REQUEST.”

Form 990, Part VI, Section C, Line 19

“All policy and procedure is available upon request.”

Filing and Contact Details

Filer

Filer Name
Iowa Area Development Group Lc
EIN
42-1432150
Phone
5152234817
Address
2600 GRAND AVENUE 430, DES MOINES, IA 50312

Signing Officer

Name
Bruce Nuzum
Title
Chief Executive Officer
Phone
5152234817
Signed
2022-08-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bruce Nuzum
Formed
1995
Legal Domicile
Ia
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Denman & Company Llp
Address
1601 22ND STREET SUITE 400, WEST DES MOINES, IA 50266-1453
Preparer
Tim Devries
Phone
5152258400
Raw XML AppendixShowing 400 of 408 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/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0271798
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0551195
IRS990/AccountsReceivableGrp/BOYAmt036595
IRS990/AccountsReceivableGrp/EOYAmt011541
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0IT IS THE MISSION OF IOWA AREA DEVELOPMENT GROUP TO ADVANCE BUSINESS AND COMMUNITY DEVELOPMENT PROJECTS AND STRATEGIES IN RURAL IOWA ON BEHALF OF OUR UTILITY MEMBERS, ECONOMIC DEVELOPMENT PARTNERS AND THE COMMUNITIES WE SERVE.
IRS990/AdvertisingGrp/TotalAmt039680
IRS990/AllOtherExpensesGrp/TotalAmt0130043
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0BRUCE NUZUM
IRS990/BooksInCareOfDetail/PhoneNum05152234817
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02600 GRAND AVENUE SUITE 430
IRS990/BooksInCareOfDetail/USAddress/CityNm0DES MOINES
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd050312
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt01102088
IRS990/CashNonInterestBearingGrp/EOYAmt0333988
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/TotalAmt044077
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0699
IRS990/CYOtherExpensesAmt01446806
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01385157
IRS990/CYRevenuesLessExpensesAmt0-66783
IRS990/CYSalariesCompEmpBnftPaidAmt05833
IRS990/CYTotalExpensesAmt01452639
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01385856
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt03026
IRS990/Desc0PROMOTING LOCATIONS AND COMMUNITY ASSETS WITHIN OUR MEMBER'S AREAS IN ORDER TO FACILITATE BUSINESSES EXPANSIONS WHICH PROVIDE JOB OPPORTUNITIES AND BRING INVESTMENT TO OUR RURAL AREA.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt08097
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt840.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt940.00
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/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
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/PersonNm0DOUGLAS AEILTS
IRS990/Form990PartVIISectionAGrp/PersonNm1BILL CHERRIER
IRS990/Form990PartVIISectionAGrp/PersonNm2BILL FARMER
IRS990/Form990PartVIISectionAGrp/PersonNm3PAUL HEINEMAN
IRS990/Form990PartVIISectionAGrp/PersonNm4KEN KUYPER
IRS990/Form990PartVIISectionAGrp/PersonNm5MARVIN NEWTON
IRS990/Form990PartVIISectionAGrp/PersonNm6DAVID ONKEN
IRS990/Form990PartVIISectionAGrp/PersonNm7MATT WASHBURN
IRS990/Form990PartVIISectionAGrp/PersonNm8RAND FISHER
IRS990/Form990PartVIISectionAGrp/PersonNm9BRUCE NUZUM
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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/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/TitleTxt0BOARD CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt9CHIEF EXECUTIVE OFFICER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01995
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01385856
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt013842
IRS990/InvestmentIncomeGrp/ExclusionAmt0699
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0699
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0203160
IRS990/LandBldgEquipBasisNetGrp/BOYAmt035860
IRS990/LandBldgEquipBasisNetGrp/EOYAmt032834
IRS990/LandBldgEquipCostOrOtherBssAmt0235994
IRS990/LegalDomicileStateCd0IA
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0IT IS THE MISSION OF IOWA AREA DEVELOPMENT GROUP TO ADVANCE BUSINESS AND COMMUNITY DEVELOPMENT PROJECTS AND STRATEGIES IN RURAL IOWA ON BEHALF OF OUR UTILITY MEMBERS, ECONOMIC DEVELOPMENT PARTNERS AND THE COMMUNITIES WE SERVE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0642329
IRS990/NetAssetsOrFundBalancesEOYAmt0575546
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt058112
IRS990/OfficeExpensesGrp/TotalAmt03661
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01584652
IRS990/OtherAssetsTotalGrp/EOYAmt01526140
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt05833
IRS990/OtherExpensesGrp/Desc0ADMINISTRATION
IRS990/OtherExpensesGrp/Desc1RESEARCH/TELEMARKETING
IRS990/OtherExpensesGrp/Desc2COMPUTER/WEBSITE
IRS990/OtherExpensesGrp/Desc3PUBLIC RELATIONS
IRS990/OtherExpensesGrp/TotalAmt01049892
IRS990/OtherExpensesGrp/TotalAmt137949
IRS990/OtherExpensesGrp/TotalAmt237397
IRS990/OtherExpensesGrp/TotalAmt320382
IRS990/OtherLiabilitiesGrp/BOYAmt01845068
IRS990/OtherLiabilitiesGrp/EOYAmt01515722
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0BRUCE NUZUM
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP INCOME
IRS990/ProgramServiceRevenueGrp/Desc1AUREON SERVICES CONTRA
IRS990/ProgramServiceRevenueGrp/Desc2IMPLEMENTATION/ADMIN F
IRS990/ProgramServiceRevenueGrp/Desc3OTHER INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01177441
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1148761
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt235230
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt323725
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01177441
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1148761
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt235230
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt323725
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDE TECHNICAL ASSISTANCE WHICH ALLOWS ACCESS TO LOAN, GRANT AND OTHER FINANCIAL PROGRAMS TO ASSIST ECONOMIC DEVELOPMENT EFFORTS ON BEHALF OF RURAL COMMUNITIES, BUSINESSES, AND MEMBER UTILITIES.
IRS990/ProgSrvcAccomActy3Grp/Desc0CONDUCT EDUCATIONAL, TRAINING EVENTS, AND RECOGNITION PROGRAMS TO BUILD LOCAL CAPACITY IN RURAL IOWA.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt00
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt00
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt00
IRS990/ReconcilationRevenueExpnssAmt0-66783
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0642329
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0575546
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0737960
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt02249
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0117966
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0120215
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt030585
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt085194
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0115779
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01043164
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1482976
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RLF NOTES RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1SEP MONEY MARKET
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01515722
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SEP ADVANCED FUNDS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt032834
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01526140
IRS990ScheduleD/TotalLiabilityAmt01515722
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BILL CHERRIER & PAUL HEINEMAN - BUSINESS RELATIONSHIP MATT WASHBURN & BILL FARMER - BUSINESS RELATIONSHIP DOUGLAS AEILTS & MARVIN NEWTON - BUSINESS RELATIONSHIP RAND FISHER & BRUCE NUZUM - BUSINESS RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS ORGANIZED AS A LIMITED LIABILITY COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CLASS A MEMBERS OF THE ORGANIZATION ARE ALLOWED TWO REPRESENTATIVES ON THE ORGANIZATION'S BOARD OF DIRECTORS AT ALL TIMES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANY MODIFICATIONS TO THE ORGANIZATION'S OPERATING AGREEMENT MUST BE APPROVED BY MEMBERS. SUCH ACTION CANNOT BE COMPLETED WITH JUST THE ORGANIZATION'S BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NOT APPLICABLE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE 990 WILL BE SHARED AND REVIEWED BEFORE FILING BY ALL IADG DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6POLICY REVIEWED ANNUALLY WHEN BOARD MEMBERS SIGN FOR THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7BY REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8ALL POLICY AND PROCEDURE IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0IOWA AREA DEVELOPMENT GROUP LC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0IOWA AREA DEVELOPMENT GROUP COMMUNITY FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0830361044
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO FOSTER ECONOMIC DEVELOPMENT AND COMMUNITY BETTERMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02600 GRAND AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0DES MOINES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd050312
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd01
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt01000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt11543
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0IOWA AREA DEVELOPMENT GROUP COMMUNITY FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1IOWA AREA DEVELOPMENT GROUP COMMUNITY FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1P
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02759195
IRS990/TotalAssetsEOYAmt02642463
IRS990/TotalAssetsGrp/BOYAmt02759195
IRS990/TotalAssetsGrp/EOYAmt02642463
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01452639
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02116866
IRS990/TotalLiabilitiesEOYAmt02066917
IRS990/TotalLiabilitiesGrp/BOYAmt02116866
IRS990/TotalLiabilitiesGrp/EOYAmt02066917
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0642329
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0575546
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt01385157
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0699
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01385157
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01385856
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02759195
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02642463
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt0648
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02600 GRAND AVENUE SUITE 430
IRS990/USAddress/CityNm0DES MOINES
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd050312
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.IADG.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BRUCE NUZUM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHIEF EXECUTIVE OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum05152234817
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-08-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IOWA AREA DEVELOPMENT GROUP LC
ReturnHeader/Filer/BusinessNameControlTxt0IOWA
ReturnHeader/Filer/EIN0421432150
ReturnHeader/Filer/PhoneNum05152234817
ReturnHeader/Filer/USAddress/AddressLine1Txt02600 GRAND AVENUE 430
ReturnHeader/Filer/USAddress/CityNm0DES MOINES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050312
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0420794029
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DENMAN & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01601 22ND STREET SUITE 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WEST DES MOINES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0502661453
ReturnHeader/PreparerPersonGrp/PhoneNum05152258400

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
$2,642,463
Liabilities
$2,066,917
Net assets
$575,546
Revenue
$1,385,856
Expenses
$1,452,639
Net income
-$66,783
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.42$2.04$1.39$1.79$1.81$0.03
2023Summary only. Only limited summary data is available for this year.$2.99$1.57$1.42$2.34$1.93$0.41
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.64$1.63$1.00$2.31$1.88$0.43
2021Detailed filing. Detailed filing data is available for this year.$2.64$2.07$0.58$1.39$1.45$0.07
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)6 • $1M-$5M nonprofits