Civic Intelligence

Doon Economic Development Corporation

EIN 47-2130422 • 501(c)4 • Doon, IA

Profile

Economic growth and community betterment within the area of doon.

100 3rd StreetDoon, IA 51235
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

95th percentile

0.94x

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

501(c)4 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

82nd percentile

0.44x

Higher debt load relative to revenue than 82% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Source year 2024

Net Margin

22nd percentile

-9.1%

Higher net margin than 22% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

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

501(c)4 • $500k-$1M nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

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

Source year 2024

Revenue Growth

Score unavailable

No value available

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

Source year 2024

Balance Sheet
Liabilities / Assets95th percentile

Assets

$285,433

No earlier filing loaded for comparison.

Liabilities

$269,000

No earlier filing loaded for comparison.

Net Assets

$16,433

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue82nd percentileNet Margin22nd percentile

Revenue

$605,208

No earlier filing loaded for comparison.

Expenses

$660,315

No earlier filing loaded for comparison.

Net Income

-$55,107

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2024: $285,433Liabilities 2024: $269,000Net Assets 2024: $16,4332024

Highlighted filing

2024

Assets$285,433
Liabilities$269,000
Net Assets$16,433
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2024: $605,208Expenses 2024: $660,315Net Income 2024: -$55,1072024

Highlighted filing

2024

Revenue$605,208
Expenses$660,315
Net Income-$55,107
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$285,433
Liabilities
$269,000
Net assets
$16,433
Revenue
$605,208
Expenses
$660,315
Net income
-$55,107
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.85$2.69$0.16$6.05$6.60$0.55
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 30, 2025
Return Version
2024v5.0
Gross Receipts
$605,208
Mission and Program Overview

Mission

Economic growth and community betterment within the area of doon.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$275,500$272,500▼ $3,000
Cash and Non-Interest-Bearing Accounts$43,040$12,933▼ $30,107
Total Assets$318,540$285,433▼ $33,107
Liabilities
Mortgage Notes Payable Secured by Investment Property$247,000$269,000▲ $22,000
Total Liabilities$247,000$269,000▲ $22,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$71,540$16,433▼ $55,107
Total Net Assets Fund Balance$71,540$16,433▼ $55,107
Total Liabilities and Net Assets / Fund Balance$318,540$285,433▼ $33,107

Asset Categories

AssetBook ValueDepreciationBasis
Land$272,500-$272,500
Compensation and Service Providers
Top Officer Pay73rd percentile

Board Members and Trustees

NameTitle
Larry BoevePresident
Darrell Vande VegteBoard Member
Gary KoedamSecretary
Scott PostmaTreasurer
Jerry KeizerVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$2,500
Program Service Revenue
$602,708
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,500
Change in Net Assets
$-55,107
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$660,315
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$638,075--$638,075
Interest$10,644--$10,644
Other Expenses$7,716--$7,716
Insurance$3,130--$3,130
Fees for Services Legal$750--$750
Total Functional Expenses$660,315$0$0$660,315
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

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

“Board members are elected every year at the annual meeting.”

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

“The board members meet monthly to make decisions regarding the operations of economic development.”

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

“A copy of the form 990 was given to the board for approval prior to filing.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available upon request from the public.”

Filing and Contact Details

Filer

Filer Name
Doon Economic Development
EIN
47-2130422
Phone
7127263444
Address
100 3RD STREET, DOON, IA 51235

Signing Officer

Name
Larry Boeve
Title
President
Phone
7127263444
Signed
2025-10-30

Organization Details

Principal Officer
Larry Boeve
Legal Domicile
Ia
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Van Bruggen & Vande Vegte Pc
Address
1313 GOLF COURSE ROAD, ROCK VALLEY, IA 51247
Preparer
Rachel Van Zanten
Phone
7124762725
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Selling fees 3,525 0 0 cost of equipment 250,000 0 0 cost of inventory 350,050 0 0 cost of land development 34,500 0 0 total 638,075 0 0”

Raw XML Appendix263 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.

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IRS990/IRPDocumentCnt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD MEMBERS ARE ELECTED EVERY YEAR AT THE ANNUAL MEETING.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SELLING FEES 3,525 0 0 COST OF EQUIPMENT 250,000 0 0 COST OF INVENTORY 350,050 0 0 COST OF LAND DEVELOPMENT 34,500 0 0 TOTAL 638,075 0 0
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-30
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RACHEL VAN ZANTEN
ReturnHeader/ReturnTs02025-11-05T17:03:34-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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