Form 990 for tax year 2023
Filed by PERRY ECONOMIC DEVELOPMENT INC.
Totals
- Total revenue
- $400,372
- Total expenses
- $1,924,851
- Contributions and grants received
- $230,303
- Grants paid
- $1,846,479
- Program service revenue
- $0
- Investment income
- $147,879
- Other revenue
- $22,190
- Total assets, end of year
- $2,593,652
- Total liabilities, end of year
- $1,430,123
- Net assets or fund balances, end of year
- $1,163,529
- Program services expenses (Part IX)
- $1,894,236
- Management and general expenses
- $30,615
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,894,236
Program services were 98.4% 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
$28,200
-
1e · Government grants (contributions)
$82,073
-
1f · All other contributions, gifts and grants
$120,030
-
1g · Noncash contributions included above
$51,103
-
3 · Investment income
total $4,458 · excluded $4,458
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $34,990 · personal property $850
-
6b · Less rental expenses
real property $19,499 · personal property $2,170
-
6c · Rental income or loss
real property $15,491 · personal property -$1,320
-
6d · Net rental income or loss
total $14,171 · excluded $14,171
-
7a · Gross sales of assets other than inventory
other assets $157,995
-
7b · Less cost or other basis and sales expenses
other assets $14,574
-
7c · Gain or loss
other assets $143,421
-
7d · Net gain or loss
total $143,421 · excluded $143,421
-
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: REIMBURSED EXPENSES
total $8,019 · related or exempt $8,019
-
11e · Other revenue, total
$8,019
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,846,479 · program services $1,846,479
-
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 $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $24,556 · management and general $24,556
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $3,284 · management and general $3,284
-
12 · Advertising and promotion
total $2,536 · program services $2,536
-
13 · Office expenses
total $104 · program services $104
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $26,273 · program services $26,273
-
17 · Travel
total $1,842 · management and general $1,842
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $13,704 · program services $13,704
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $5,762 · program services $4,962 · management and general $800
-
24a · Other expenses: OTHER EXPENSES
total $221 · program services $138 · management and general $83
-
24b · Other expenses: DUES AND SUBSCRIPTIONS
total $50 · management and general $50
-
24c · Other expenses: FEES
total $40 · program services $40
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $90,680 · end of year $12,899
-
2 · Savings and temporary cash investments
end of year $214,357
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
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 $6,643 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$2,366,396
-
10c · Land, buildings and equipment, net
beginning of year $3,301,393 · end of year $2,366,396
-
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 $1,203,133 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $1,525,000 · end of year $1,425,000
-
25 · Other liabilities
beginning of year $272,130 · end of year $5,123
-
31 · Retained earnings, endowment or other funds
beginning of year $2,804,719 · end of year $1,163,529
Mission and programs · 2023
Mission
ECONOMIC DEVELOPMENT FOR PERRY, IOWA
-
PERRY ECONOMIC DEVELOPMENT PARTNERS WITH THE CITY OF PERRY AND OTHERS. IT IS A CATALYST ORGANIZATION THAT SUPPORTS AND FACILITATES THE SUSTAINABLE GROWTH AND DEVELOPMENT OF THE CITY.
Expenses $1,894,236 · Grants $1,846,479
As filed on the 2023 return.
Listed in Part VII
-
JEFF HUITT
President
- Total calculated
- $0
- Hours/week
- 2
-
JASON LEVAN
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
DARREN LINDSTROM
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
EDDIE DIAZ
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
MATT MCDEVITT
PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
SCOTT FINNESETH
Director
- Total calculated
- $0
- Hours/week
- 1
-
THOMAS BURKGREN
Director
- Total calculated
- $0
- Hours/week
- 1
-
TERRY NIELSEN
Director
- Total calculated
- $0
- Hours/week
- 1
-
DAN SPELLMAN
Director
- Total calculated
- $0
- Hours/week
- 1
-
TERRY NIELSEN
Director
- Total calculated
- $0
- Hours/week
- 1
-
JON PETERS
Director
- Total calculated
- $0
- Hours/week
- 1
-
MIKE VAN HOUWELING
Director
- Total calculated
- $0
- Hours/week
- 1
-
JACKSON VANKIRK
Director
- Total calculated
- $0
- Hours/week
- 1
-
ANGELA MORTOZA
Director
- Total calculated
- $0
- Hours/week
- 1
-
DAVID FINNESETH
Director
- Total calculated
- $0
- Hours/week
- 1
-
JONI CAMPIDILLI
Director
- Total calculated
- $0
- Hours/week
- 1
-
DEB LUCHT
Director
- Total calculated
- $0
- Hours/week
- 1
-
AMY RATHJE
Director
- Total calculated
- $0
- Hours/week
- 1
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
-
$57,415
PROMOTION OF ECONOMIC DEVELOPMENT
-
PROMOTION OF ECONOMIC DEVELOPMENT
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511339349303656
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