Form 990 for tax year 2025
Filed by DOON ECONOMIC DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $555,723
- Total expenses
- $441,674
- Contributions and grants received
- $5,500
- Grants paid
- $0
- Program service revenue
- $550,223
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $285,482
- Total liabilities, end of year
- $155,000
- Net assets or fund balances, end of year
- $130,482
- Program services expenses (Part IX)
- $441,674
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $441,674
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
$5,500
-
2a · Program service revenue: LAND SALES
total $502,000 · related or exempt $502,000
-
2b · Program service revenue: SALE OF EQUIPMENT
total $43,500 · related or exempt $43,500
-
2c · Program service revenue: OTHER INCOME
total $4,723 · related or exempt $4,723
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $4,466 · program services $4,466
-
11g · Fees: other
total $15,755 · program services $15,755
-
20 · Interest
total $9,413 · program services $9,413
-
23 · Insurance
total $1,273 · program services $1,273
-
24a · Other expenses: COST OF LAND DEVELOPMENT
total $403,500 · program services $403,500
-
24b · Other expenses: TAXES & LICENSES
total $7,267 · program services $7,267
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $12,933 · end of year $112,982
-
10a · Land, buildings and equipment: cost or other basis
$172,500
-
10c · Land, buildings and equipment, net
beginning of year $272,500 · end of year $172,500
-
23 · Secured mortgages and notes payable
beginning of year $269,000 · end of year $155,000
-
27 · Net assets without donor restrictions
beginning of year $16,433 · end of year $130,482
Mission and programs · 2025
Mission
ECONOMIC GROWTH AND COMMUNITY BETTERMENT WITHIN THE AREA OF DOON.
-
TO PURCHASE AND DEVELOP LAND FOR ECONOMIC GROWTH AND DEVELOPMENT.
Expenses $441,674 · Revenue $550,223
As filed on the 2025 return.
Listed in Part VII
-
Larry BoeveLARRY BOEVE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jerry KeizerJERRY KEIZER
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Gary KoedamGARY KOEDAM
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Scott PostmaSCOTT POSTMA
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Adam Van EngenADAM VAN ENGEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Darrell Vande VegteDARRELL VANDE VEGTE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
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.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
3 · DEVELOPMEN · IA
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 7 July 2026
- IRS schema version
- 2025v4.0
- Source object
- 202612449349301426
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