Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2003.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
83 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
18 people listed on the 990; $126K paid to officers and key staff.
Emily Benjamin’s $134K as Chief Execut is at the 87th percentile of top reported officer pay among 1708 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2024 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Dennis Fraise | — | $145,501 | $135,036 | $127,619 | $125,700 |
| Emily Benjamin | $133,702 | — | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Empowers Lee County, Iowa's economic growth through community development initiatives.
Questions for Lee County Economic Development Group INC
Your first name shows with your question. Lee County Economic Development Group INC answers here, for everyone.
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The primary purpose of the corporation is to encourage economic development and expansion in lee county, iowa by marketing and promoting the geographic area to businesses and industry.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $376K | $449K |
| Land, buildings, equipmentLn 10c | $15K | $4K |
| Total assetsLn 16 | $945K | $901K |
| LiabilitiesLn 26 | $582K | $441K |
| Net assetsLn 32 | $363K | $460K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $74K | $74K | ||
| Grants to domestic individualsLn 2 | $40K | $40K | ||
| Pay of current officers, directors and key staffLn 5 | $126K | $126K | ||
| Pay of disqualified personsLn 6 | $49K | $49K | ||
| Other employee benefitsLn 9 | $4K | $4K | ||
| Payroll taxesLn 10 | $18K | $18K | ||
| Legal feesLn 11b | $906 | $906 | ||
| Accounting feesLn 11c | $8K | $8K | ||
| Other fees for servicesLn 11g | $15K | $15K | ||
| Advertising and promotionLn 12 | $4K | $4K | ||
| Office expensesLn 13 | $5K | $3K | $2K | |
| Information technologyLn 14 | $21K | $21K | ||
| OccupancyLn 16 | $8K | $8K | ||
| TravelLn 17 | $27K | $27K | $696 | |
| Conferences, conventions and meetingsLn 19 | $980 | $980 | ||
| InterestLn 20 | $12K | $12K | ||
| Depreciation, depletion and amortizationLn 22 | $11K | $10K | $579 | |
| InsuranceLn 23 | $3K | $3K | ||
| Other expenses (24a–d)Ln 24 | $10K | $7K | $3K | |
| All other expensesLn 24e | $602 | $602 | ||
| Total functional expensesLn 25 | $437K | $362K | $60K | $15K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 | $530K | $931K | −$401K | $955K | 990 PDF |
| FY2023 | $1.2M | $715K | $526K | $1.4M | 990 PDF |
| FY2022 | $904K | $534K | $369K | $829K | 990 PDF |
| FY2021 Viewing | $534K | $437K | $97K | $460K | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $534,006 revenue, 12 lines filed
Part VI · Governance 13 of 13 board members independent, 3 to look at
Part VIII · Statement of revenue $534,006 across 5 lines filed
Part IX · Statement of functional expenses $436,947 across 20 lines filed
Part X · Balance sheet $900,697 assets, 11 lines filed
Part XI · Reconciliation of net assets $459,707 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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