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Poweshiek Economic Development Collaborative FY2022 filing

Tax-deductible

Grinnell, IA501(c)(3)Since 1993Community Development EIN 20-1423354Revenue $17K in FY2022

On file with the IRSPo Box 538, 50112-0538 · Grinnell, IATax-exempt since Jul 2005Publicly supported charity — 170(b)(1)(A)(vi)

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Focused on the retention & creation of job opportunities for residents of Poweshiek county

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $28K a year · 32% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
787 mo
of spending, in cash
Looks good: 787.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$17K
-81% vs prior year
Spent
$6K
To programs
100%
Net assets
$426K
By yearFY2021–FY2026
Revenue
$17K
FY2022▼ -81%
Tap a bar for its year
Revenue by fiscal year
FY2021$87K
FY2022$17K
FY2023$29K
FY2024$3K
FY2025$175K
FY2026$224K
Expenses
$6K
FY2022▼ -71%
Tap a bar for its year
Expenses by fiscal year
FY2021$21K
FY2022$6K
FY2023$28K
FY2024$6K
FY2025$146K
FY2026$158K
Net assets
$426K
FY2022▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2021$415K
FY2022$426K
FY2023$426K
FY2024$424K
FY2025$447K
FY2026$513K

From the FY2022 Form 990 (year ending June 2022) · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2026) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Jul 2005.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $6K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Jackie Bolen
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Andy Day
Secretary
$0Pt VII · Sec A
Julie Beach
Director
$0Pt VII · Sec A
Becky Petig
Vice-President
$0Pt VII · Sec A
$0Pt VII · Sec A
Dean Huls
Director
$0Pt VII · Sec A
Diana Dawley
Director
$0Pt VII · Sec A

Melissa Strovers’s $98K as Exec Director is at the 71st 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

NameFY2026FY2021
Melissa Strovers$97,868—
Laura Manatt—$5,951

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.

See Poweshiek Economic Development Collaborative executive salaries →

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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 15aYes

Programs and updates

Creates and retains job opportunities for Poweshiek County residents.

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Provided by the organization

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1 program · $6K · in their own filed words · FY2021
01

Focused on the retention & creaton of job opportunities for residents of poweshiek county

$6Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$17K
Ln 12
Other incomeLn 4–11$12K
Gifts and grantsLn 1h$3K
Investment incomeLn 3$2K
Money outPt IX
$6K
Ln 25
Programscol B$6K
Owns and owesPt X
$426K
net assets · Ln 32
Cash and savingsLn 1–2$394K
Total assetsLn 16$426K
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3K
Investment incomeLn 3$2K
Other incomeLn 4–11$12K
Total revenueLn 12$17K
Assets in detailPt X, end of year
SavingsLn 2$394K
Cash and savings togetherLn 1–2$394K
Total assetsLn 16$426K
LiabilitiesLn 26$0
Net assetsLn 32$426K
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$393K$394K
Total assetsLn 16$427K$426K
LiabilitiesLn 26$12K$0
Net assetsLn 32$415K$426K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$688$688$0$0
Advertising and promotionLn 12$900$900$0$0
Office expensesLn 13$1K$1K$0$0
Other expenses (24a–d)Ln 24$3K$3K$0$0
Total functional expensesLn 25$6K$6K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest $224K$158K$66K$513K 990 PDF
FY2025 $175K$146K$29K$447K 990 PDF
FY2024Filed with the IRS Jan 17, 2025 $3K$6K−$3K$424K 990 PDF
FY2023Filed with the IRS Aug 18, 2023 $29K$28K$634$426K 990 PDF
FY2022 ViewingFiled with the IRS Nov 29, 2022 $17K$6K$11K$426K 990 PDF
FY2021Filed with the IRS Oct 6, 2021 $87K$21K$66K$415K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $16,776 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $84,897$2,523
I-9 Program service revenue$0
I-10 Investment incomePrior year $2,277$2,053
I-11 Other revenue$12,200
I-12 Total revenuePrior year $87,174$16,776
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $7,103$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $13,826$6,003
I-18 Total expensesPrior year $20,929$6,003
I-19 Revenue less expensesPrior year $66,245$10,773
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $16,776 across 4 lines filed
Lines not itemized here account for $12,200 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$2,523
VIII-1h Total contributions, gifts and grants$2,523
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$2,053
VIII-12 Total revenueRelated to mission $14,253 · Unrelated business $0 · Excluded from tax $0$16,776
Part IX · Statement of functional expenses $6,003 across 4 lines filed
IX-11a Management feesPrograms $688 · Management $0 · Fundraising $0$688
IX-12 Advertising and promotionPrograms $900 · Management $0 · Fundraising $0$900
IX-13 Office expensesPrograms $1,403 · Management $0 · Fundraising $0$1,403
IX-24 Other expenses (24a–d)Programs $3,012 · Management $0 · Fundraising $0$3,012
IX-25 Total functional expensesPrograms $6,003 · Management $0 · Fundraising $0$6,003
Part X · Balance sheet $425,634 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $392,960$393,722
X-4 Accounts receivableStart of year $34,101$31,912
X-16 Total assetsStart of year $427,061$425,634
X-26 Total liabilitiesStart of year $12,200$0
X-27 Net assets without donor restrictionsStart of year $366,357$425,634
X-32 Total net assets or fund balancesStart of year $414,861$425,634
X-33 Total liabilities and net assetsStart of year $427,061$425,634
Part XI · Reconciliation of net assets $425,634 net assets at year end
XI-1 Total revenue$16,776
XI-2 Total expenses$6,003
XI-3 Revenue less expenses$10,773
XI-4 Net assets at start of year$414,861
XI-10 Net assets at end of year$425,634

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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