Form 990 for tax year 2022
Filed by PERRY ECONOMIC DEVELOPMENT INC.
Totals
- Total revenue
- $158,353
- Total expenses
- $492,951
- Contributions and grants received
- $70,000
- Grants paid
- $75,000
- Program service revenue
- $0
- Investment income
- $8,976
- Other revenue
- $79,377
- Total assets, end of year
- $4,601,849
- Total liabilities, end of year
- $1,797,130
- Net assets or fund balances, end of year
- $2,804,719
- Program services expenses (Part IX)
- $492,951
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $492,951
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.
-
1b · Membership dues
$24,500
-
1e · Government grants (contributions)
$2,500
-
1f · All other contributions, gifts and grants
$43,000
-
3 · Investment income
total $2,347 · related or exempt $2,347
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
other assets $54,506
-
7b · Less cost or other basis and sales expenses
other assets $47,877
-
7c · Gain or loss
other assets $6,629
-
7d · Net gain or loss
total $6,629 · related or exempt $6,629
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: HOTEL PATTEE/LAPOSTE REVENUE
total $54,798 · related or exempt $54,798
-
11b · Other revenue: REIMBURSED EXPENSES-IND PARK
total $15,644 · related or exempt $15,644
-
11c · Other revenue: RENT INCOME
total $8,900 · related or exempt $8,900
-
11d · All other revenue
total $35 · related or exempt $35
-
11e · Other revenue, total
$79,377
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $75,000 · program services $75,000
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $39,577 · program services $39,577
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $15,177 · program services $15,177
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $17,226 · program services $17,226
-
11c · Fees: accounting
total $8,152 · program services $8,152
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $600 · program services $600
-
12 · Advertising and promotion
total $1,413 · program services $1,413
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $1,763 · program services $1,763
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $404 · program services $404
-
20 · Interest
total $48,860 · program services $48,860
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $81,009 · program services $81,009
-
23 · Insurance
total $31,620 · program services $31,620
-
24a · Other expenses: HP/LP-REPAIRS AND MAINTENANCE
total $45,088 · program services $45,088
-
24b · Other expenses: HP REAL ESTATE TAXES
total $33,532 · program services $33,532
-
24c · Other expenses: HP/LP COGS
total $32,856 · program services $32,856
-
24d · Other expenses: HP/LP-UTILITIES
total $26,715 · program services $26,715
-
24e · All other expenses
total $33,959 · program services $33,959
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $628,357 · end of year $90,680
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $5,709 · end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $32,030 · end of year $6,643
-
10a · Land, buildings and equipment: cost or other basis
$3,462,468
-
10b · Land, buildings and equipment: accumulated depreciation
$161,075
-
10c · Land, buildings and equipment, net
beginning of year $3,404,453 · end of year $3,301,393
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $1,051,697 · end of year $1,203,133
-
17 · Accounts payable and accrued expenses
beginning of year $7,911
-
23 · Secured mortgages and notes payable
beginning of year $1,525,000 · end of year $1,525,000
-
25 · Other liabilities
beginning of year $450,018 · end of year $272,130
-
31 · Retained earnings, endowment or other funds
beginning of year $3,139,317 · end of year $2,804,719
Mission and programs · 2022
Mission
ECONOMIC DEVELOPMENT FOR PERRY, IOWA
-
ECONOMIC DEVELOPMENT FOR THE CITY OF PERRY.
Expenses $492,951 · Grants $75,000
As filed on the 2022 return.
Listed in Part VII
-
Matt McDevittMATT MCDEVITT
Director
- Total calculated
- $0
- Hours/week
- 2
-
Darren LindstromDARREN LINDSTROM
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Michael Van HouwelingMICHAEL VAN HOUWELING
Director
- Total calculated
- $0
- Hours/week
- 1
-
Scott FinnesethSCOTT FINNESETH
Director
- Total calculated
- $0
- Hours/week
- 1
-
Thomas BurkgrenTHOMAS BURKGREN
Director
- Total calculated
- $0
- Hours/week
- 0
-
Eddie DiazEDDIE DIAZ
Secretary
- Total calculated
- $0
- Hours/week
- 0
-
Jeff HuittJEFF HUITT
President
- Total calculated
- $0
- Hours/week
- 0
-
Jason LevanJASON LEVAN
Vice President
- Total calculated
- $0
- Hours/week
- 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
-
HOTEL PATTEELAPOSTE
$75,000
PROMOTION OF ECONOMIC DEVELOPMENT
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 10 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431319349302148
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