Form 990 for tax year 2024

Totals

Total revenue

$577,332

Total expenses

$579,295

Contributions and grants received

$132,581

Grants paid

$0

Program service revenue

$428,267

Investment income

$16,484

Other revenue

$0

Total assets, end of year

$4,729,717

Total liabilities, end of year

$3,236,120

Net assets or fund balances, end of year

$1,493,597

Program services expenses (Part IX)

— not reported

Management and general expenses

— not reported

Fundraising expenses

— not reported

Program service expenses (Part III)

— not reported

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.

Mission and programs · 2024

• DCA'S SMALL BUSINESS DEVELOPMENT CENTER (SBDC) SATELLITE OFFICE PROVIDES PROFESSIONAL BUSINESS ADVICE AT NO COST TO THE CLIENT IN SUCH AREAS AS: ACCESS TO CAPITAL AND LOAN PACKAGING; FINANCIAL ANALYSIS AND ASSESSMENT; ACCOUNTING SYSTEMS AND LITERACY; MARKETING AND RESEARCH; MARKETING PLAN DEVELOPMENT; FEASIBILITY ANALYSIS; STARTUP ASSISTANCEBUSINESS PLAN DEVELOPMENT; ELECTRONIC COMMERCE/WEB SITE DEVELOPMENT, SUCCESSION AND STRATEGIC PLANNING.

• DCA SUPPORTING ORGANIZATION, AUSTIN COMMUNITY GROWTH VENTURES, OPERATES LAUNCH (CO-OFFICING SPACE) AND STARTUP FACTORY (INTENSIVE BUSINESS DEVELOPMENT SUPPORT AND COMMERCIALIZATION GUIDANCE).DCA SUPPORTING ORGANIZATION, AUSTIN COMMUNITY CHARITABLE FUND, SUPPORTS AUSTIN AREA MINORITY BUSINESS PROJECT. THIS PROJECT PROVIDES COMPREHENSIVE ECONOMIC DEVELOPMENT LEGAL SERVICES TO IMMIGRANT AND MINORITY BUSINESS OWNERS AND EMPLOYEES IN THE AREA OF AUSTIN, MINNESOTA. COMPREHENSIVE SERVICES UNDER THIS PROJECT PROVIDE BUSINESS TECHNICAL LEGAL SUPPORT AND EDUCATION, IMMIGRATION LEGAL SERVICES, HOLISTIC PRO BONO LEGAL SERVICES, AND LONGITUDINAL, HOLISTIC EVALUATION AND OUTCOME ANALYSIS. PARTNERS PROVIDING THESE SERVICES ARE THE DEVELOPMENT CORPORATION OF AUSTIN, IMMIGRANT LAW CENTER OF MINNESOTA, THE BALLARD SPAHR PRO BONO TEAM, AND HISPANIC ADVOCACY AND COMMUNITY EMPOWERMENT THROUGH RESEARCH, WHOSE SERVICES OCCUPY DISTINCT PROJECT ROLES.DCA SUPPORTING ORGANIZATION AUSTIN COMMUNITY CHARITABLE FUND SUPPORTS COMMUNITY DEVELOPMENT AND QUALITY OF LIFE PROJECTS THROUGH IMPACT AUSTIN. IMPACT AUSTIN WILL ENSURE DIVERSE COMMUNITY INVOLVEMENT IN THE CITY OF AUSTIN'S AND MOWER COUNTY'S COMPREHENSIVE PLAN IN 2024-2025.

• THE PURPOSE OF THE FORGIVABLE LOAN PROGRAM WILL BE TO PROVIDE FOR THE PROMOTION AND CONTINUATION OF EXISTING LIFESTYLE BUSINESSES WITHIN MOWER COUNTY. MOST OF THESE BUSINESSES ARE OWNED AND OPERATED BY ONE INDIVIDUAL OR A FAMILY. THE FORGIVABLE LOAN/GRANT PROGRAM WILL PROVIDE AN INCENTIVE FOR A NEW INDIVIDUAL TO PURCHASE AN EXISTING LIFESTYLE BUSINESS AND CONTINUE OPERATIONS. A LIFESTYLE BUSINESS IS DEFINED AS A FOR PROFIT BUSINESS IN WHICH THE OWNER WILL BE TREATING THE BUSINESS AS THEIR FULL-TIME JOB.

• THE PURPOSE OF THE REAL ESTATE FUND IS TO INVEST IN REAL ESTATE DEVELOPMENT AND REDEVELOPMENT PROJECTS THAT HAVE A COMMUNITY IMPACT WHILE ALSO ACHIEVING 8%-12% RETURNS FOR INVESTORS.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

• AUSTIN COMMUNITY CHARITABLE FUND

  501(C)(3) · CHARITABLE AND EDUCATIONAL SUPPORT · MN · controlled entity

  Directly controlled by DEVELOPMENT CORPORATION OF AUSTIN

• AUSTIN COMMUNITY GROWTH VENTURES

  501(C)(3) · RESEARCH ACCELERATOR FOR BIOTECHNOLOGY COMPANIES INVOLVED IN ECONOMIC DEVEL. · MN

  Directly controlled by AUSTIN COMMUNITY CHARITABLE FUND

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Provenance

Return type

form_990

Tax year

2024

Filed

13 November 2025

IRS schema version

2024v5.2

Source object

202503179349307180

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.