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Nonprofiteer
← FORT MADISON ECONOMIC DEVELOPMENT CORPORATION

Form 990 for tax year 2025

Filed by FORT MADISON ECONOMIC DEVELOPMENT CORPORATION.

Totals

Total revenue
$83,264
Total expenses
$46,218
Contributions and grants received
$41,250
Grants paid
$43,250
Program service revenue
$0
Investment income
$30,418
Other revenue
$11,596
Total assets, end of year
$645,338
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$645,338
Program services expenses (Part IX)
$43,250
Management and general expenses
$2,968
Fundraising expenses
$0
Program service expenses (Part III)
$43,250

Program services were 93.6% 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

    $41,250

  • 3 · Investment income

    total $30,418 · excluded $30,418

  • 6a · Gross rents

    real property $12,000

  • 6b · Less rental expenses

    real property $404

  • 6c · Rental income or loss

    real property $11,596

  • 6d · Net rental income or loss

    total $11,596 · excluded $11,596

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $43,250 · program services $43,250

  • 11c · Fees: accounting

    total $1,650 · management and general $1,650

  • 23 · Insurance

    total $1,318 · management and general $1,318

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $41,248 · end of year $49,909

  • 2 · Savings and temporary cash investments

    beginning of year $554,522 · end of year $583,785

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,558 · end of year $6,680

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

    $4,964

  • 10c · Land, buildings and equipment, net

    beginning of year $4,964 · end of year $4,964

  • 27 · Net assets without donor restrictions

    beginning of year $608,292 · end of year $645,338

Mission and programs · 2025

Mission

PROMOTION OF AREA ENCONOMIC DEVELOPMENT.

Activities or mission (Part I)

PROMOTION OF AREA ECONOMIC DEVELOPMENT

  • PROMOTION OF FORT MADISON TO EXISTING INDUSTRIES AND BUSINESS AS WELL AS TO PROSPECTIVE BUSINESSES. ACTIVE SEARCH FOR NEW INDUSTRY AND ASSISTANCE TO BUSINESSES AND INDUSTRY LOOKING TO EXPAND OR BEGIN.

    Expenses $43,250 · Grants $43,250

As filed on the 2025 return.

Listed in Part VII

  • Amy Conlee

    DIRECTOR

    Total calculated
    $0

  • Mike Culbertson

    TREASURER

    Total calculated
    $0

  • Corey Fraise

    DIRECTOR

    Total calculated
    $0

  • Tim Gobble

    SECRETARY

    Total calculated
    $0

  • Gary Hoyer

    DIRECTOR

    Total calculated
    $0

  • Bob Huffman

    CHAIRMAN

    Total calculated
    $0

  • Jason Hutcheson

    DIRECTOR

    Total calculated
    $0

  • Bryan Langerud

    DIRECTOR

    Total calculated
    $0

  • Matt Morris

    VICE-CHAIRMA

    Total calculated
    $0

  • Matt Morrison

    DIRECTOR

    Total calculated
    $0

  • Moudy Nabulsi

    DIRECTOR

    Total calculated
    $0

  • Larry Smith

    DIRECTOR

    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

Provenance

Return type
form_990
Tax year
2025
Filed
7 July 2026
IRS schema version
2025v4.0
Source object
202632579349301818

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