Civic Intelligence

Iowa Area Development Group LC

990 • Fiscal year 2022 • EIN 42-1432150

Jan 01, 2022 to Dec 31, 2022 • Filed on Jul 20, 2023

Organization ProfileWWW.IADG.COM
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

91st percentile

0.62x

Higher debt load relative to assets than 91% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

89th percentile

0.71x

Higher debt load relative to revenue than 89% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Net Margin

80th percentile

19%

Higher net margin than 80% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

90th percentile

$322,226

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 14.0% of source-year revenue.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Asset Growth

44th percentile

-0.3%

Faster asset growth than 44% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

90th percentile

67%

Faster revenue growth than 90% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets91st percentile

Assets

Down

$2,635,167

Down $7,296 (-0.3%) from 2021

Net Assets

Up

$1,002,748

Up $427,202 (+74%) from 2021

Liabilities

Down

$1,632,419

Down $434,498 (-21%) from 2021

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin80th percentile

Revenue

Up

$2,307,769

Up $921,913 (+67%) from 2021

Expenses

Up

$1,880,567

Up $427,928 (+29%) from 2021

Net Income

Up

$427,202

Up $493,985 (+740%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth44th percentile

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

2022

Assets$2,635,167
Liabilities$1,632,419
Net Assets$1,002,748
Open 2022 Filing

Operations Trend

Revenue Growth90th percentile

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

2022

Revenue$2,307,769
Expenses$1,880,567
Net Income$427,202
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jul 20, 2023
Return Version
2022v5.0
Gross Receipts
$2,307,769
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
Rtn Earn Endowment Incm Other Fnds$575,546$1,002,748▲ $427,202
Savings and Temporary Cash Investments$737,960$586,694▼ $151,266
Cash and Non-Interest-Bearing Accounts$333,988$515,648▲ $181,660
Land, Buildings, and Equipment, Net$32,834$14,428▼ $18,406
Accounts Receivable$11,541$7,420▼ $4,121
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$2,642,463$2,635,167▼ $7,296
Other Assets Total$1,526,140$1,510,977▼ $15,163
Liabilities
Other Liabilities$1,515,722$1,493,595▼ $22,127
Accounts Payable and Accrued Expenses$551,195$138,824▼ $412,371
Total Liabilities$2,066,917$1,632,419▼ $434,498
Net Assets / Fund Balance
Total Net Assets Fund Balance$575,546$1,002,748▲ $427,202
Total Liabilities and Net Assets / Fund Balance$2,642,463$2,635,167▼ $7,296

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$761$119,454$120,215
Leasehold Improvements$13,667$44,222$57,889
Other Assets Org$671,800--
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bruce NuzumChief Executive OfficerFT$233,481$88,745$322,226
Bruce HansonVice President-bus. DevelopmentFT$137,655$64,638$202,293
Kay SnyderDirector-mktg & CommunicationFT$101,807$51,498$153,305
Rand FisherFormer CEO (retired January 31, 2022)FT$61,532$17,283$78,815

Board Members and Trustees

NameTitle
Douglas AeiltsBoard Chairman
Ken KuyperBoard Vice Chairman
David OnkenBoard Director
Marvin NewtonBoard Director
Paul HeinemanBoard Director
Ron SteinhoffBoard Director
Bill CherrierBoard Secretary
Matt WashburnBoard Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,303,627
Investment Income
$4,142
Other Revenue
$0
Change in Net Assets
$427,202
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,168,468
Other Expenses$712,099
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---$534,475
Other Salaries and Wages---$353,001
Pension Plan Contributions---$212,914
All Other Expenses---$164,787
Occupancy---$95,706
Payroll Taxes---$65,487
Advertising---$53,224
Other Expenses---$44,096
Conferences and Meetings---$42,971
Information Technology---$42,121
Insurance---$12,901
Office Expenses---$6,823
Fees for Services Accounting---$5,640
Depreciation Depletion---$4,738
Fees for Services Legal---$3,231
Other Employee Benefits---$2,591
Travel---$1,178
Total Functional Expenses$0$0$0$1,880,567
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$1,493,595
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 & ron steinhoff - business relationship douglas aeilts & marvin newton - business relationship ken kuyper & david onken - 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
2023-07-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bruce Nuzum
Formed
1994
Legal Domicile
Ia
Voting Board Members
8
Independent Board Members
8
Employees
9
Volunteers
0

Preparer

Firm
Denman & Company Llp
Address
1601 22ND STREET SUITE 400, WEST DES MOINES, IA 50266-1453
Preparer
Thomas O Welchans
Phone
5152258400
Supplemental Narrative

Additional Explanations

Form 990, Note on Format

“During 2021, iowa area development group, lc changed from filing a partnership tax return to filing a not-for-profit tax return. For the entirety 2022, iowa area development group, lc operated as a not-for-profit.”

Raw XML AppendixShowing 400 of 500 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/BOYAmt0551195
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0138824
IRS990/AccountsReceivableGrp/BOYAmt011541
IRS990/AccountsReceivableGrp/EOYAmt07420
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/TotalAmt053224
IRS990/AllOtherExpensesGrp/TotalAmt0164787
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/BOYAmt0333988
IRS990/CashNonInterestBearingGrp/EOYAmt0515648
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0534475
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/TotalAmt042971
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt04142
IRS990/CYOtherExpensesAmt0712099
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt02303627
IRS990/CYRevenuesLessExpensesAmt0427202
IRS990/CYSalariesCompEmpBnftPaidAmt01168468
IRS990/CYTotalExpensesAmt01880567
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02307769
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt04738
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/EmployeeCnt09
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt05640
IRS990/FeesForServicesLegalGrp/TotalAmt03231
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt020.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt840.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt940.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1140.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
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/OtherCompensationAmt888745
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt917283
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1064638
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1151498
IRS990/Form990PartVIISectionAGrp/PersonNm0DOUGLAS AEILTS
IRS990/Form990PartVIISectionAGrp/PersonNm1KEN KUYPER
IRS990/Form990PartVIISectionAGrp/PersonNm2BILL CHERRIER
IRS990/Form990PartVIISectionAGrp/PersonNm3MATT WASHBURN
IRS990/Form990PartVIISectionAGrp/PersonNm4RON STEINHOFF
IRS990/Form990PartVIISectionAGrp/PersonNm5PAUL HEINEMAN
IRS990/Form990PartVIISectionAGrp/PersonNm6MARVIN NEWTON
IRS990/Form990PartVIISectionAGrp/PersonNm7DAVID ONKEN
IRS990/Form990PartVIISectionAGrp/PersonNm8BRUCE NUZUM
IRS990/Form990PartVIISectionAGrp/PersonNm9RAND FISHER
IRS990/Form990PartVIISectionAGrp/PersonNm10BRUCE HANSON
IRS990/Form990PartVIISectionAGrp/PersonNm11KAY SNYDER
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/ReportableCompFromOrgAmt8233481
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt961532
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10137655
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11101807
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/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt9FORMER CEO (RETIRED JANUARY 31, 2022)
IRS990/Form990PartVIISectionAGrp/TitleTxt10VICE PRESIDENT-BUS. DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR-MKTG & COMMUNICATION
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01994
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02307769
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt042121
IRS990/InsuranceGrp/TotalAmt012901
IRS990/InvestmentIncomeGrp/ExclusionAmt04142
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04142
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt010
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0163676
IRS990/LandBldgEquipBasisNetGrp/BOYAmt032834
IRS990/LandBldgEquipBasisNetGrp/EOYAmt014428
IRS990/LandBldgEquipCostOrOtherBssAmt0178104
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/NetAssetsOrFundBalancesBOYAmt0575546
IRS990/NetAssetsOrFundBalancesEOYAmt01002748
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt095706
IRS990/OfficeExpensesGrp/TotalAmt06823
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01526140
IRS990/OtherAssetsTotalGrp/EOYAmt01510977
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02591
IRS990/OtherExpensesGrp/Desc0ADMINISTRATION
IRS990/OtherExpensesGrp/Desc1RESEARCH/TELEMARKETING
IRS990/OtherExpensesGrp/Desc2TRANSPORTATION
IRS990/OtherExpensesGrp/Desc3TRADE SHOWS
IRS990/OtherExpensesGrp/TotalAmt0100506
IRS990/OtherExpensesGrp/TotalAmt171506
IRS990/OtherExpensesGrp/TotalAmt262671
IRS990/OtherExpensesGrp/TotalAmt344096
IRS990/OtherLiabilitiesGrp/BOYAmt01515722
IRS990/OtherLiabilitiesGrp/EOYAmt01493595
IRS990/OtherSalariesAndWagesGrp/TotalAmt0353001
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt065487
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0212914
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/RelatedOrExemptFuncIncomeAmt02001784
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1247801
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt234042
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt320000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02001784
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1247801
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt234042
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt320000
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/PYInvestmentIncomeAmt0699
IRS990/PYOtherExpensesAmt01446806
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01385157
IRS990/PYRevenuesLessExpensesAmt0-66783
IRS990/PYSalariesCompEmpBnftPaidAmt05833
IRS990/PYTotalExpensesAmt01452639
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01385856
IRS990/ReconcilationRevenueExpnssAmt0427202
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0575546
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01002748
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0737960
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0586694
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0761
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0119454
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0120215
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt013667
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt044222
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt057889
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0839177
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1671800
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RLF NOTES RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1SEP MONEY MARKET
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01493595
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SEP ADVANCED FUNDS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt014428
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01510977
IRS990ScheduleD/TotalLiabilityAmt01493595
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/IdemnificationGrossUpPmtsInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0233481
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1137655
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2101807
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt068677
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt141232
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt230249
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt020068
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt123406
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt221249
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BRUCE NUZUM
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1BRUCE HANSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2KAY SNYDER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHIEF EXECUTIVE OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1VICE PRESIDENT-BUS. DEVELOPMENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2DIRECTOR-MKTG & COMMUNICATION
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0322226
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1202293
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt2153305
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt20
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0GIFT CARDS ARE PAID TO VARIOUS STAFF MEMBERS AND THEIR PAYROLL IS GROSSED UP TO REFLECT THE PAYMENT OF THE GIFT CARDS.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 1A
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BILL CHERRIER & PAUL HEINEMAN - BUSINESS RELATIONSHIP MATT WASHBURN & RON STEINHOFF - BUSINESS RELATIONSHIP DOUGLAS AEILTS & MARVIN NEWTON - BUSINESS RELATIONSHIP KEN KUYPER & DAVID ONKEN - 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/ExplanationTxt9DURING 2021, IOWA AREA DEVELOPMENT GROUP, LC CHANGED FROM FILING A PARTNERSHIP TAX RETURN TO FILING A NOT-FOR-PROFIT TAX RETURN. FOR THE ENTIRETY 2022, IOWA AREA DEVELOPMENT GROUP, LC OPERATED AS A NOT-FOR-PROFIT.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, NOTE ON FORMAT
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/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd01
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,635,167
Liabilities
$1,632,419
Net assets
$1,002,748
Revenue
$2,307,769
Expenses
$1,880,567
Net income
$427,202
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
2022Detailed filing. Detailed filing data is available for this year.$2.64$1.63$1.00$2.31$1.88$0.43
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.64$2.07$0.58$1.39$1.45$0.07