Totals
- Total revenue
- $28,473
- Total expenses
- $140,236
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $12,037
- Investment income
- $16,436
- Other revenue
- $0
- Total assets, end of year
- $907,061
- Total liabilities, end of year
- $4,020
- Net assets or fund balances, end of year
- $903,041
- Program services expenses (Part IX)
- $140,236
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $140,236
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.
-
2a · Program service revenue: REVOLVING LOAN FUND IN
total $12,037 · related or exempt $12,037
-
3 · Investment income
total $16,436 · related or exempt $16,436
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $17,337 · program services $17,337
-
11c · Fees: accounting
total $4,450 · program services $4,450
-
13 · Office expenses
total $225 · program services $225
-
24a · Other expenses: CREDIT LOSSES
total $118,224 · program services $118,224
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $401,407 · end of year $442,602
-
4 · Accounts receivable
beginning of year $3,703
-
7 · Other notes and loans receivable
beginning of year $609,694 · end of year $464,459
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $4,020
-
27 · Net assets without donor restrictions
beginning of year $586,069 · end of year $471,371
-
28 · Net assets with donor restrictions
beginning of year $428,735 · end of year $431,670
Mission and programs · 2023
Mission
TO FURTHER THE ECONOMIC DEVELOPMENT OF THE REGION COMPRISED OF THE IOWA COUNTIES OF BOONE, DALLAS, JASPER, MARION, POLK, STORY AND WARREN, AS WELL AS THE CITIES LOCATED THEREIN.TO PROMOTE AND ASSIST THE GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS, INCLUDING SMALL AND MEDIUM SIZED BUSINESS CONCERNS IN SAID AREA.TO STIMULATE BUSINESS OPPORTUNITIES AND DEVELOPMENT IN SAID AREA AS MEASURED BY INCREASED EMPLOYMENT, PAYROLLS, BUSINESS VOLUME AND CORRESPONDING COMMUNITY BENEFITS, AS OPPOSED TO MONETARY BENEFITS TO THE MEMBERS OF THIS CORPORATION.
-
AID, PROMOTE, AND STIMULATE BUSINESS OPPORTUNITIES AND DEVELOPMENT IN THE REGION IT SERVES.
Expenses $140,236
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Ryan MoffattRYAN MOFFATT
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Brad GolightlyBRAD GOLIGHTLY
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dylan KlineDYLAN KLINE
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Michelle FullertonMICHELLE FULLERTON
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Linda MurkenLINDA MURKEN
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jeff DavidsonJEFF DAVIDSON
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Crystal McIntyreCRYSTAL MCINTYRE
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Clint WellingCLINT WELLING
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Hollie ZajieckHOLLIE ZAJIECK
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Craig DownsCRAIG DOWNS
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Carla EysinkCARLA EYSINK
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Troy BoelmanTROY BOELMAN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Marc MeyerMARC MEYER
SECY/TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Steve Van OortSTEVE VAN OORT
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
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
- 2023
- Filed
- 28 July 2025
- IRS schema version
- 2023v6.0
- Source object
- 202532119349301633
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