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Nonprofiteer
← WEBSTER AREA DEVELOPMENT CORPORATION INC

Form 990 for tax year 2025

Filed by WEBSTER AREA DEVELOPMENT CORPORATION INC.

Totals

Total revenue
$259,876
Total expenses
$196,628
Contributions and grants received
$146,037
Grants paid
$0
Program service revenue
$51,786
Investment income
$62,053
Other revenue
$0
Total assets, end of year
$3,194,762
Total liabilities, end of year
$798,748
Net assets or fund balances, end of year
$2,396,014
Program services expenses (Part IX)
$196,628
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$196,628

Program services were 100.0% 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)

    $41,500

  • 1f · All other contributions, gifts and grants

    $104,537

  • 1g · Noncash contributions included above

    $13,487

  • 2a · Program service revenue: BUILDING RENT

    total $43,500 · related or exempt $43,500

  • 2b · Program service revenue: LAND RENT

    total $7,035 · related or exempt $7,035

  • 2c · Program service revenue: INTEREST ON RLF

    total $1,251 · related or exempt $1,251

  • 3 · Investment income

    total $3,213 · related or exempt $3,213

  • 7a · Gross sales of assets other than inventory

    other assets $125,000

  • 7b · Less cost or other basis and sales expenses

    other assets $66,160

  • 7c · Gain or loss

    other assets $58,840

  • 7d · Net gain or loss

    total $58,840 · related or exempt $58,840

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $18,208 · program services $18,208

  • 10 · Payroll taxes

    total $865 · program services $865

  • 11g · Fees: other

    total $85,605 · program services $85,605

  • 13 · Office expenses

    total $396 · program services $396

  • 16 · Occupancy

    total $58,454 · program services $58,454

  • 22 · Depreciation, depletion and amortization

    total $31,960 · program services $31,960

  • 23 · Insurance

    total $1,140 · program services $1,140

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,519 · end of year $7,748

  • 2 · Savings and temporary cash investments

    beginning of year $314,554 · end of year $253,583

  • 7 · Other notes and loans receivable

    beginning of year $935,000 · end of year $885,000

  • 10a · Land, buildings and equipment: cost or other basis

    $2,190,525

  • 10b · Land, buildings and equipment: accumulated depreciation

    $142,094

  • 10c · Land, buildings and equipment, net

    beginning of year $1,702,389 · end of year $2,048,431

  • 25 · Other liabilities

    beginning of year $620,697 · end of year $798,748

  • 27 · Net assets without donor restrictions

    beginning of year $2,332,765 · end of year $2,396,014

Mission and programs · 2025

Mission

PROMOTE AND DEVELOP ECONOMIC ACTIVITIES IN DAY COUNTY

  • PROMOTE AND DEVELOP ECONOMIC ACTIVITIES IN DAY COUNTY

  • PROMOTE AND DEVELOP ECONOMIC ACTIVITIES IN DAY COUNTY

    Expenses $196,628

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kevin Duenwald

    DIRECTOR

    Total calculated
    $0

  • Dave Hahler

    DIRECTOR

    Total calculated
    $0

  • Kelly Hanson

    PRESIDENT

    Total calculated
    $0

  • Jessi Hegg

    DIRECTOR

    Total calculated
    $0

  • Jeremy Lindeman

    DIRECTOR

    Total calculated
    $0

  • Tom Sannes

    DIRECTOR

    Total calculated
    $0

  • Ryan Wagner

    DIRECTOR

    Total calculated
    $0

  • Tom Wagner

    DIRECTOR

    Total calculated
    $0

  • G Todd Garry

    SECRETARY/TR

    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
2025
Filed
19 April 2026
IRS schema version
2025v4.0
Source object
202631109349300993

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