Civic Intelligence

Lester Development Foundation

EIN 88-2024531 • 501(c)3 • Lester, IA

Profile

The Lester Development Foundation seeks to better the city of Lester by fundraising and distributing funds for the purpose of future growth, jobcreation, housing projects, other impactful growth and development initiatives, and the overall betterment of the city.

PO Box 296Lester, IA 51242

n/A

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

24th percentile

-18%

Higher net margin than 24% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

12th percentile

-92%

Faster asset growth than 12% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

83rd percentile

47%

Faster revenue growth than 83% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$3,094

Down $35,912 (-92%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$3,094

Down $35,912 (-92%) from 2023

Operations
Liabilities / RevenueScore unavailableNet Margin24th percentile

Revenue

Up

$198,833

Up $63,473 (+47%) from 2023

Expenses

Down

$234,745

Down $140,827 (-37%) from 2023

Net Income

Up

-$35,912

Up $204,300 (+85%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth12th percentile

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

$40K$30K$20K$10K$0Assets 2023: $39,006Liabilities 2023: $0Net Assets 2023: $39,0062023Assets 2024: $3,094Net Assets 2024: $3,0942024

Highlighted filing

2024

Assets$3,094
Liabilities-
Net Assets$3,094
Open 2024 Filing

Operations Trend

Revenue Growth83rd percentile

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

$400K$200K$0-$200K-$400KRevenue 2023: $135,360Expenses 2023: $375,572Net Income 2023: -$240,2122023Revenue 2024: $198,833Expenses 2024: $234,745Net Income 2024: -$35,9122024

Highlighted filing

2024

Revenue$198,833
Expenses$234,745
Net Income-$35,912
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,094
Liabilities
-
Net assets
$3,094
Revenue
$198,833
Expenses
$234,745
Net income
-$35,912
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.03$0.03$1.99$2.35$0.36
2023Detailed filing. Detailed filing data is available for this year.$0.39$0.00$0.39$1.35$3.76$2.40
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 11, 2025
Return Version
2024v5.2
Gross Receipts
$198,833
Mission and Program Overview

Mission

The Lester Development Foundation seeks to better the city of Lester by fundraising and distributing funds for the purpose of future growth, jobcreation, housing projects, other impactful growth and development initiatives, and the overall betterment of the city.

Program Services

DescriptionGrantsExpenses
ECONOMIC DEVELOPMENT GRANTS GIVEN TO THE LESTER DEVELOPMENT CORPORATION FOR THE EXPANSION OF AFFORDABLE HOUSING TO PROMOTE GROWTH IN THE CITY OF LESTER.$234,500$234,500
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JON GERBERPresident-$0--
DANIEL MOSERVice President-$0--
SUE FLUITTreasurer-$0--
JOSH METZGERSecretary-$0--
DARIN KNOBLOCHDirector-$0--
KRISTI AGESONDirector-$0--
MICHAEL LEUTHOLDDirector-$0--
Filing and Contact Details

Filer

Filer Name
Lester Development Foundation
EIN
88-2024531
Phone
6056700050
Address
PO BOX 296, LESTER, IA 51242

Signing Officer

Name
Jon Gerber
Title
President
Signed
2025-11-11
Discuss with paid preparer
Yes

Preparer

Firm
De Noble Austin & Company Pc
Address
121 S Story Street, Rock Rapids, IA 51246
Preparer
Carmen Austin
Phone
7124722549
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.1

“Class of Activity: COMMUNITY ENHANCEMENT | Donee's Name: LESTER DEVELOPMENT CORP | Donee's Address: PO BOX 296 LESTER IA 51242 | Relationship of Donee: N/A - NONE | Cash Amount Given: $234500”

Raw XML Appendix147 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
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0LESTER
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd051242
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt039006
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IRS990EZ/InfoInScheduleOPartIInd0X
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JON GERBER
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2SUE FLUIT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3JOSH METZGER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4DARIN KNOBLOCH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5KRISTI AGESON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6MICHAEL LEUTHOLD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0The Lester Development Foundation seeks to better the city of Lester by fundraising and distributing funds for the purpose of future growth, jobcreation, housing projects, other impactful growth and development initiatives, and the overall betterment of the city.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0ECONOMIC DEVELOPMENT GRANTS GIVEN TO THE LESTER DEVELOPMENT CORPORATION FOR THE EXPANSION OF AFFORDABLE HOUSING TO PROMOTE GROWTH IN THE CITY OF LESTER.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0234500
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0234745
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IRS990EZ/TotalRevenueAmt0198833
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0198833
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0135360
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0305193
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0639386
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt0520538
IRS990ScheduleA/SubstantialContributorsTotAmt0118848
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0198833
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0639386
IRS990ScheduleA/TotalSupportAmt0639386
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Class of Activity: COMMUNITY ENHANCEMENT | Donee's Name: LESTER DEVELOPMENT CORP | Donee's Address: PO BOX 296 LESTER IA 51242 | Relationship of Donee: N/A - NONE | Cash Amount Given: $234500
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Grants and Similar Amounts Paid In Excess of $5,000.1
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JON GERBER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LESTER DEVELOPMENT FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0LEST
ReturnHeader/Filer/EIN0882024531
ReturnHeader/Filer/PhoneNum06056700050
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 296
ReturnHeader/Filer/USAddress/CityNm0LESTER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd051242
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203310024
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DE NOBLE AUSTIN & COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0121 S Story Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Rock Rapids
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd051246
ReturnHeader/PreparerPersonGrp/PhoneNum07124722549
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Carmen Austin
ReturnHeader/ReturnTs02025-11-11T11:27:46-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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