Clarke County Development Corporation

Not tax-deductible

Osceola, IA501(c)(6)Since 1969EIN 23-7047287

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Community economic Development

96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $690K a year · 22% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 8.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.5M
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.6M
-46% vs prior year
Spent
$2.5M
To programs
96%
Net assets
$6.1M
By yearFY2020–FY2025
Revenue
$2.6M
FY2025▼ -46%
Revenue by fiscal year
FY2020$2.0M
FY2021$2.9M
FY2022$3.5M
FY2023$2.7M
FY2024$4.8M
FY2025$2.6M
Expenses
$2.5M
FY2025▲ +8%
Expenses by fiscal year
FY2020$1.9M
FY2021$2.6M
FY2022$2.6M
FY2023$2.4M
FY2024$2.3M
FY2025$2.5M
Net assets
$6.1M
FY2025▲ +2%
Net assets by fiscal year
FY2020$2.1M
FY2021$2.4M
FY2022$3.3M
FY2023$3.6M
FY2024$6.0M
FY2025$6.1M

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1969.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $2.4M Management & general 4% · $111K

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

14 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Clarke County Development Corporation 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

Recruits and supports businesses to strengthen Clarke County's economy and develop commercial properties.

Provided by the organization

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2 programs · $2.4M · in their own filed words · FY2025
01

Administered charitable grants program as license holder for a casino

$2.4Mprogram expense
02

Responded to and initiated leads to recruit new businesses and industries to clarke county and to strengthen and maintain existing businesses; develop commercial building lots

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 32 grants · $9.0M · 2020–2025
City of OsceolaFY2025$807,048
Individual RecipientFY2025$230,758
The Village LtdIA · FY2025$27,875
City of OsceolaFY2024$889,670
Individual RecipientFY2024$222,604
The Village LtdIA · FY2024$40,000
City of OsceolaFY2023$1,010,433
Individual RecipientFY2023$314,061
Clarke County HospitalFY2023$240,150
Clarke County Historical MuseumFY2023$44,325
The Village LtdIA · FY2023$16,180
Murray Community School FoundationFY2023$15,617
City of OsceolaFY2022$990,686
Individual RecipientFY2022$252,216
The Village LtdIA · FY2022$12,700
City of OsceolaFY2021$1,370,199
Clarke Community SchoolsFY2021$477,198
See all 32 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$2.6M
Ln 12
Fees for servicesLn 2g$2.4M
Gifts and grantsLn 1h$159K
Other incomeLn 4–11$14K
Money outPt IX
$2.5M
Ln 25
Programscol B$2.4M
Managementcol C$111K
Owns and owesPt X
$6.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.8M
Total assetsLn 16$7.7M
LiabilitiesLn 26$1.5M
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$159K
Fees for servicesLn 2g$2.4M
Investment incomeLn 3$10K
Other incomeLn 4–11$14K
Total revenueLn 12$2.6M
Assets in detailPt X, end of year
CashLn 1$198K
SavingsLn 2$1.6M
Cash and savings togetherLn 1–2$1.8M
Land, buildings, equipmentLn 10c$3.3M
Total assetsLn 16$7.7M
LiabilitiesLn 26$1.5M
Net assetsLn 32$6.1M
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY25End FY25
Cash and savingsLn 1–2$1.6M$1.8M
Land, buildings, equipmentLn 10c$3.2M$3.3M
Total assetsLn 16$7.6M$7.7M
LiabilitiesLn 26$1.5M$1.5M
Net assetsLn 32$6.0M$6.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.2M$2.2M
Other salaries and wagesLn 7$135K$94K$40K
Payroll taxesLn 10$11K$7K$3K
Management feesLn 11a$8K$6K$3K
Legal feesLn 11b$4K$3K$1K
Accounting feesLn 11c$23K$16K$7K
Advertising and promotionLn 12$16K$16K
Office expensesLn 13$20K$14K$6K
OccupancyLn 16$18K$13K$4K
Conferences, conventions and meetingsLn 19$5K$3K$2K
Depreciation, depletion and amortizationLn 22$34K$34K
InsuranceLn 23$23K$15K$8K
Other expenses (24a–d)Ln 24$17K$15K$2K
Total functional expensesLn 25$2.5M$2.4M$111K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.6M$2.5M$93K$6.1M 990 PDF
FY2024 $4.8M$2.3M$2.5M$6.0M 990 PDF
FY2023 $2.7M$2.4M$307K$3.6M 990 PDF
FY2022 $3.5M$2.6M$895K$3.3M 990 PDF
FY2021 $2.9M$2.6M$303K$2.4M 990 PDF
FY2020 $2.0M$1.9M$64K$2.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $2,603,578 across 7 lines filed
VIII-1b Membership dues$31,920
VIII-1f All other contributions, gifts and grants$126,620
VIII-1h Total contributions, gifts and grants$158,540
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,421,387$2,421,387
VIII-3 Investment incomeRelated to mission $10,033$10,033
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $13,618$13,618
VIII-12 Total revenueRelated to mission $2,445,038 · Unrelated business $0 · Excluded from tax $0$2,603,578
Part IX · Statement of functional expenses $2,510,453 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $2,196,681$2,196,681
IX-7 Other salaries and wagesPrograms $94,488 · Management $40,494$134,982
IX-10 Payroll taxesPrograms $7,403 · Management $3,173$10,576
IX-11a Management feesPrograms $5,928 · Management $2,540$8,468
IX-11b Legal feesPrograms $2,617 · Management $1,122$3,739
IX-11c Accounting feesPrograms $16,243 · Management $6,961$23,204
IX-12 Advertising and promotionPrograms $15,811$15,811
IX-13 Office expensesPrograms $13,786 · Management $5,908$19,694
IX-16 OccupancyPrograms $13,452 · Management $4,484$17,936
IX-19 Conferences, conventions and meetingsPrograms $3,121 · Management $1,966$5,087
IX-22 Depreciation, depletion and amortizationManagement $34,092$34,092
IX-23 InsurancePrograms $15,195 · Management $7,598$22,793
IX-24 Other expenses (24a–d)Programs $15,078 · Management $2,312$17,390
IX-25 Total functional expensesPrograms $2,399,803 · Management $110,650 · Fundraising $0$2,510,453
Part X · Balance sheet $7,683,643 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $351,240$198,221
X-2 Savings and temporary cash investmentsStart of year $1,215,081$1,644,559
X-3 Pledges and grants receivableStart of year $603,392$434,219
X-8 Inventories for sale or useStart of year $2,158,199$2,056,650
X-9 Prepaid expenses and deferred chargesStart of year $7,085$10,159
X-10c Land, buildings and equipment, netStart of year $3,221,626$3,339,835
X-16 Total assetsStart of year $7,556,623$7,683,643
X-17 Accounts payable and accrued expensesStart of year $221,575$94,704
X-19 Deferred revenueStart of year $12,210$6,570
X-25 Other liabilitiesStart of year $1,037,456$1,446,899
X-26 Total liabilitiesStart of year $1,514,278$1,548,173
X-27 Net assets without donor restrictionsStart of year $6,042,345$6,135,470
X-32 Total net assets or fund balancesStart of year $6,042,345$6,135,470
X-33 Total liabilities and net assetsStart of year $7,556,623$7,683,643
Part XI · Reconciliation of net assets $6,135,470 net assets at year end
XI-1 Total revenue$2,603,578
XI-2 Total expenses$2,510,453
XI-3 Revenue less expenses$93,125
XI-4 Net assets at start of year$6,042,345
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,135,470

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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