Civic Intelligence

Lester Development Foundation

990EZ • Fiscal year 2024 • EIN 88-2024531

Jan 01, 2024 to Dec 31, 2024 • Filed on Nov 11, 2025

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

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2024

Net Margin

20th percentile

-18%

Higher net margin than 20% of similar nonprofits.

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

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

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

Asset Growth

4th percentile

-92%

Faster asset growth than 4% of similar nonprofits.

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

Revenue Growth

82nd percentile

47%

Faster revenue growth than 82% of similar nonprofits.

2024 filings • 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

Net Assets

Down

$3,094

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

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin20th 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

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

2024

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

Operations Trend

Revenue Growth82nd percentile

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

2024

Revenue$198,833
Expenses$234,745
Net Income-$35,912
Open 2024 Filing
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 Pay79th 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.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
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IRS990EZ/OrganizationDissolvedEtcInd0false
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IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
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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/ProhibitedTaxShelterTransInd0false
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0135360
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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: $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
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ReturnHeader/Filer/BusinessNameControlTxt0LEST
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0121 S Story Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Rock Rapids
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Carmen Austin
ReturnHeader/ReturnTs02025-11-11T11:27:46-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed 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