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Nonprofiteer
← ACEDC FUND INC

Form 990 for tax year 2022

Filed by ACEDC FUND INC.

Totals

Total revenue
$56,641
Total expenses
$20,852
Contributions and grants received
$1,044
Grants paid
$0
Program service revenue
$0
Investment income
$553
Other revenue
$55,044
Total assets, end of year
$976,003
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$976,003
Program services expenses (Part IX)
$20,852
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$20,852

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

    $1,044

  • 3 · Investment income

    total $553 · excluded $553

  • 11a · Other revenue: CORNING HOTEL LLC

    total $43,482 · related or exempt $43,482

  • 11b · Other revenue: OTHER INCOME

    total $11,562 · related or exempt $11,562

  • 11e · Other revenue, total

    $55,044

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $385 · program services $385

  • 12 · Advertising and promotion

    total $1,067 · program services $1,067

  • 24a · Other expenses: SUPPLIES

    total $11,926 · program services $11,926

  • 24b · Other expenses: MISC EXPENSE

    total $7,474 · program services $7,474

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $111,424 · end of year $120,679

  • 12 · Investments: other securities

    beginning of year $828,789 · end of year $855,324

  • 17 · Accounts payable and accrued expenses

    beginning of year $426

  • 31 · Retained earnings, endowment or other funds

    beginning of year $939,787 · end of year $976,003

Mission and programs · 2022

Mission

ACEDC FUND INC IS ORGANIZED TO PROMOTE COMMUNITY ECONOMIC DEVELOPMENT IN ADAMS COUNTY IOWA.

  • ECONOMIC DEVELOPMENT ADAMS COUNTY IOWA

    Expenses $20,852

As filed on the 2022 return.

Listed in Part VII

  • Joel Morrison

    DIRECTOR

    Total calculated
    $0

  • Jayne Templeton

    DIRECTOR

    Total calculated
    $0

  • Troy Waddell

    DIRECTOR

    Total calculated
    $0

  • Scott Akin

    VICE-PRESIDE

    Total calculated
    $0

  • Donna Hogan

    PRESIDENT

    Total calculated
    $0

  • James Ruppert

    TREASURER

    Total calculated
    $0

  • Denny Villhauer

    SECRETARY

    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
9 May 2023
IRS schema version
2022v5.0
Source object
202301359349302170

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