Form 990 for tax year 2022
Filed by LEE COUNTY ECONOMIC DEVELOPMENT GROUP INC.
Totals
- Total revenue
- $1,240,993
- Total expenses
- $714,577
- Contributions and grants received
- $1,218,725
- Grants paid
- $4,284
- Program service revenue
- $0
- Investment income
- $1,418
- Other revenue
- $20,850
- Total assets, end of year
- $1,756,635
- Total liabilities, end of year
- $401,061
- Net assets or fund balances, end of year
- $1,355,574
- Program services expenses (Part IX)
- $516,915
- Management and general expenses
- $158,186
- Fundraising expenses
- $39,476
- Program service expenses (Part III)
- $516,915
Program services were 72.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$200,000
-
1f · All other contributions, gifts and grants
$1,018,725
-
3 · Investment income
total $1,418 · excluded $1,418
-
11a · Other revenue: LEASE INCOME
total $20,850 · related or exempt $20,850
-
11e · Other revenue, total
$20,850
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $4,284 · program services $4,284
-
5 · Compensation of officers, directors and key employees
total $135,036 · program services $135,036
-
7 · Other salaries and wages
total $211,586 · program services $211,586
-
9 · Other employee benefits
total $13,888 · program services $13,888
-
10 · Payroll taxes
total $28,998 · program services $28,998
-
11b · Fees: legal
total $25,774 · management and general $25,774
-
11c · Fees: accounting
total $6,310 · management and general $6,310
-
11g · Fees: other
total $77,006 · management and general $37,530 · fundraising $39,476
-
12 · Advertising and promotion
total $7,952 · program services $7,952
-
13 · Office expenses
total $19,103 · program services $6,706 · management and general $12,397
-
14 · Information technology
total $3,669 · program services $3,669
-
16 · Occupancy
total $29,489 · management and general $29,489
-
17 · Travel
total $5,865 · program services $290 · management and general $5,575
-
19 · Conferences, conventions and meetings
total $23,245 · program services $23,245
-
22 · Depreciation, depletion and amortization
total $18,679 · program services $18,679
-
23 · Insurance
total $16,097 · management and general $16,097
-
24a · Other expenses: BRDIGES OUT OF POVERTY
total $26,044 · program services $26,044
-
24b · Other expenses: REPAIRS
total $18,180 · management and general $18,180
-
24c · Other expenses: TRAINING
total $15,009 · program services $15,009
-
24d · Other expenses: LEE COUNTY ROBOTIC TEAM
total $8,385 · program services $8,385
-
24e · All other expenses
total $19,978 · program services $13,144 · management and general $6,834
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $426,286 · end of year $601,993
-
2 · Savings and temporary cash investments
beginning of year $32,360 · end of year $32,406
-
4 · Accounts receivable
beginning of year $250,410 · end of year $412,049
-
10a · Land, buildings and equipment: cost or other basis
$397,104
-
10b · Land, buildings and equipment: accumulated depreciation
$68,639
-
10c · Land, buildings and equipment, net
beginning of year $139,913 · end of year $328,465
-
15 · Other assets
beginning of year $346,354 · end of year $381,722
-
17 · Accounts payable and accrued expenses
beginning of year $140,693 · end of year $124,496
-
23 · Secured mortgages and notes payable
beginning of year $225,472 · end of year $276,565
-
31 · Retained earnings, endowment or other funds
beginning of year $829,158 · end of year $1,355,574
Mission and programs · 2022
Mission
ECONOMIC DEVELOPMENT FOR THE LEE COUNTY, IOWA COMMUNITY
-
THE PRIMARY PURPOSE OF THE CORPORATION IS TO ENCOURAGE ECONOMIC DEVELOPMENT AND EXPANSION IN LEE COUNTY, IOWA BY MARKETING AND PROMOTING THE GEOGRAPHIC AREA TO BUSINESSES AND INDUSTRY.
Expenses $516,915 · Grants $4,284
As filed on the 2022 return.
Listed in Part VII
-
Dennis FraiseDENNIS FRAISE
CHIEF EXECUT
- Total calculated
- $145,005
- From this org
- $135,036
- From related orgs
- $0
- Other
- $9,969
- Hours/week
- 0
-
Amy ConleeAMY CONLEE
DIRECTOR
- Total calculated
- $0
-
Jr DerksenJR DERKSEN
EX OFFICIO
- Total calculated
- $0
-
Robert HoltkampROBERT HOLTKAMP
DIRECTOR
- Total calculated
- $0
-
Heather HuebnerHEATHER HUEBNER
EX-OFFICIO
- Total calculated
- $0
-
Jason HutchesonJASON HUTCHESON
TREASURER
- Total calculated
- $0
-
Charles IrelandCHARLES IRELAND
VICE CHAIR
- Total calculated
- $0
-
Corey JonasCOREY JONAS
DIRECTOR
- Total calculated
- $0
-
Bob Huffman JrBOB HUFFMAN JR
DIRECTOR
- Total calculated
- $0
-
Garry Seyb JrGARRY SEYB JR
EX-OFFICIO
- Total calculated
- $0
-
Kerry KlepferKERRY KLEPFER
DIRECTOR
- Total calculated
- $0
-
Bryan LangerudBRYAN LANGERUD
DIRECTOR
- Total calculated
- $0
-
Pat McCrabbPAT MCCRABB
DIRECTOR
- Total calculated
- $0
-
Michael MohrfeldMICHAEL MOHRFELD
PAST CHAIR
- Total calculated
- $0
-
Matt MorrisMATT MORRIS
DIRECTOR
- Total calculated
- $0
-
Michael NorrisMICHAEL NORRIS
EX-OFFICIO
- Total calculated
- $0
-
Justin PieperJUSTIN PIEPER
DIRECTOR
- Total calculated
- $0
-
Jennie RoseJENNIE ROSE
DIRECTOR
- Total calculated
- $0
-
Kay SackvilleKAY SACKVILLE
EX-OFFICIO
- Total calculated
- $0
-
Tom SchulzTOM SCHULZ
EX-OFFICIO
- Total calculated
- $0
-
Scott SmithSCOTT SMITH
PAST CHAIR
- Total calculated
- $0
-
Ashlee SpannagelASHLEE SPANNAGEL
DIRECTOR
- Total calculated
- $0
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 12 December 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343489349301569
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