Civic Intelligence

Lester Development Foundation

990EZ • Fiscal year 2023 • EIN 88-2024531

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 28, 2024

Organization ProfileN/A
PO Box 296Lester, IA 51242

(605) 670-0050

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

4th percentile

-177%

Higher net margin than 4% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

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

Source year 2023

Revenue Growth

Score unavailable

No value available

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

Source year 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

$39,006

No earlier filing loaded for comparison.

Net Assets

$39,006

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin4th percentile

Revenue

$135,360

No earlier filing loaded for comparison.

Expenses

$375,572

No earlier filing loaded for comparison.

Net Income

-$240,212

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.

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

Highlighted filing

2023

Assets$39,006
Liabilities$0
Net Assets$39,006
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2023

Revenue$135,360
Expenses$375,572
Net Income-$240,212
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 28, 2024
Return Version
2023v5.1
Gross Receipts
$135,360
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.-$375,502
Compensation and Service Providers
Top Officer Pay78th 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
2024-08-28
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: $375502”

Raw XML Appendix144 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2SUE FLUIT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3JOSH METZGER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4DARIN KNOBLOCH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5KRISTI AGESON
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice President
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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.
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0305193
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0440553
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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: $375502
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Grants and Similar Amounts Paid In Excess of $5,000.1
ReturnHeader/BuildTS02024-08-08 14:25:15Z
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ReturnHeader/Filer/EIN0882024531
ReturnHeader/Filer/PhoneNum06056700050
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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/ReturnTs02024-08-28T07:40:39-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$39,006
Liabilities
$0
Net assets
$39,006
Revenue
$135,360
Expenses
$375,572
Net income
-$240,212
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