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Nonprofiteer
← RALSTON ECONOMIC DEVELOPMENT CORP

Form 990 for tax year 2024

Filed by RALSTON ECONOMIC DEVELOPMENT CORP.

Totals

Total revenue
$750,000
Total expenses
$4,493
Contributions and grants received
$750,000
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$4,500,500
Total liabilities, end of year
$3,000,000
Net assets or fund balances, end of year
$1,500,500
Program services expenses (Part IX)
$4,493
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$4,493

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.

  • 1f · All other contributions, gifts and grants

    $750,000

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 23 · Insurance

    total $4,493 · program services $4,493

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,993 · end of year $500

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

    $4,500,000

  • 10c · Land, buildings and equipment, net

    beginning of year $4,500,000 · end of year $4,500,000

  • 25 · Other liabilities

    beginning of year $3,750,000 · end of year $3,000,000

  • 31 · Retained earnings, endowment or other funds

    beginning of year $754,993 · end of year $1,500,500

Mission and programs · 2024

Mission

OPERATED EXCLUSIVELY FOR THE ASSISTANCE TO THE LOCAL GOVERNMENT WITH ECONOMIC DEVELOPMENT, RESOURCE CONSERVATION, CREATING ECONOMIC OPPORTUNITIES BY PROVIDING GRANTS, CAPITAL, AND TECHNICAL ASSISTANCE TO PROMOTE COMMUNITY DEVELOPMENT

  • PROMOTE ECONOMIC AND COMMUNITY DEVELOPMENT OPPORTUNITIES

    Expenses $4,493 · Revenue $750,000

As filed on the 2024 return.

Listed in Part VII

  • Timothy Bohling

    TREASURER

    Total calculated
    $0
    Hours/week
    2

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
2024
Filed
8 November 2025
IRS schema version
2024v5.2
Source object
202503129349300525

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