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Nonprofiteer
← KEOKUK ECONOMIC DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by KEOKUK ECONOMIC DEVELOPMENT CORPORATION.

Totals

Total revenue
$93,050
Total expenses
$17,370
Contributions and grants received
$70,000
Grants paid
$0
Program service revenue
$0
Investment income
$2,786
Other revenue
$20,264
Total assets, end of year
$615,420
Total liabilities, end of year
$303,052
Net assets or fund balances, end of year
$312,368
Program services expenses (Part IX)
$8,250
Management and general expenses
$9,120
Fundraising expenses
$0
Program service expenses (Part III)
$8,250

Program services were 47.5% 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

    $70,000

  • 3 · Investment income

    total $2,786 · excluded $2,786

  • 6a · Gross rents

    real property $30,975

  • 6b · Less rental expenses

    real property $10,711

  • 6c · Rental income or loss

    real property $20,264

  • 6d · Net rental income or loss

    total $20,264 · excluded $20,264

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $550 · management and general $550

  • 13 · Office expenses

    total $1,000 · management and general $1,000

  • 20 · Interest

    total $6,720 · management and general $6,720

  • 23 · Insurance

    total $850 · management and general $850

  • 24a · Other expenses: ADMINSTRATION-OTHER

    total $7,250 · program services $7,250

  • 24b · Other expenses: COMMITTEE WORK

    total $1,000 · program services $1,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $166,057 · end of year $21,382

  • 2 · Savings and temporary cash investments

    beginning of year $52,556 · end of year $54,318

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

    $539,720

  • 10c · Land, buildings and equipment, net

    beginning of year $18,075 · end of year $539,720

  • 24 · Unsecured notes and loans payable

    end of year $303,052

  • 27 · Net assets without donor restrictions

    beginning of year $236,688 · end of year $312,368

Mission and programs · 2023

Mission

ECONOMIC DEVELOPMENT FOR KEOKUK, IA AND SURROUNDING COMMUNITY.

  • THE PURPOSE OF THE CORPORATION IS TO ACQUIRE LAND AND REAL ESTATE TO ENCOURAGE, ASSIST, ESTABLISH, MAINTAIN AND DEVELOP INDUSTRIAL AND BUSINESS PROJECTS IN THE CITY OF KEOKUK, IA, LEE COUNTY, IA, AND THE SURROUNDING AREAS.

    Expenses $8,250

As filed on the 2023 return.

Listed in Part VII

  • Erika Barret

    DIRECTOR

    Total calculated
    $0

  • Emanuel Bellegarde

    DIRECTOR

    Total calculated
    $0

  • Dave Bogner

    SECRETARY

    Total calculated
    $0

  • Brian Carroll

    DIRECTOR

    Total calculated
    $0

  • Susan Dunek

    DIRECTOR

    Total calculated
    $0

  • Mike Hickey

    DIRECTOR

    Total calculated
    $0

  • Josh Kirchner

    DIRECTOR

    Total calculated
    $0

  • Kerry Klepfer

    PRESIDENT

    Total calculated
    $0

  • Kathie Mahoney

    DIRECTOR

    Total calculated
    $0

  • Doug Matlick

    DIRECTOR

    Total calculated
    $0

  • Kay Sackville

    DIRECTOR

    Total calculated
    $0

  • Garry Seyb

    DIRECTOR

    Total calculated
    $0

  • Barb Smidt

    TREASURER

    Total calculated
    $0

  • Richard West

    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.0
Source object
202413179349301121

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