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Develop Iosco Incorporated

Tax-deductible

East Tawas, MI501(c)(3)Community Development EIN 26-1827631Revenue $132K in FY2025Latest return filed Mar 16, 2026

On file with the IRSdevelop-iosco.orgEast Tawas, MITax-exempt since Oct 2009Publicly supported — 509(a)(2)

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To promote economic development in Iosco county, michigan.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 26-1827631) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $10K a year · 5% of revenue · last 3 filings
A surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
98%
of spending
98% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
3.5 mo
of spending, in cash
3.5 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $127K
2 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
4
of 4 voting members
4 of 4 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$132K
-53% vs prior year
Spent
$132K
To programs
98%
Net assets
$43K
By yearFY2023–FY2025
Revenue
$132K
FY2025▼ -53%
Tap a bar for its year
Revenue by fiscal year
FY2023$251K
FY2024$283K
FY2025$132K
Expenses
$132K
FY2025▼ -59%
Tap a bar for its year
Expenses by fiscal year
FY2023$186K
FY2024$318K
FY2025$132K
Net assets
$43K
FY2025▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2023$78K
FY2024$43K
FY2025$43K

From the FY2025 Form 990 · see the original

Visit site Support Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2009.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $129K Management & general 2% · $2K

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

12 people listed on the 990.

Part VII, Section A · reportable compensation
Gloria Brooks
Board Member
$0Pt VII · Sec A
James Cain
Board Member
$0Pt VII · Sec A
Sarah Coffin
Board Member
$0Pt VII · Sec A
Stephanie Dillon
Board Member
$0Pt VII · Sec A
Samantha Duvall
Board Member
$0Pt VII · Sec A
Nancy Howse
Board Member
$0Pt VII · Sec A
Pam O'Laughlin
Board Member
$0Pt VII · Sec A
Jennifer Riggs
Executive Di
$0Pt VII · Sec A
See Develop Iosco Incorporated executive salaries →

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

Promotes economic growth and development in Iosco County, Michigan.

Questions for Develop Iosco Incorporated

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1 program · $129K · in their own filed words · FY2025
01

Provided economic development assistance for entities in iosco county, michigan.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 26-1827631) · Dispute this line
$129Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Consumers Energy FoundationFY2024$102K
W E Upjohn Unemployment Trustee CorporationFY2024$25K
Total grants receivedfrom 2 funders$127K
Grants paid · 2 grants · $152K · 2023–2023
NemcsaMI · FY2023$112,000
Northern Transformation CorporationMI · FY2023$40,100

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$132K
Ln 12
Gifts and grantsLn 1h$123K
Fees for servicesLn 2g$8K
Investment incomeLn 3$296
Money outPt IX
$132K
Ln 25
Programscol B$129K
Managementcol C$2K
Owns and owesPt X
$43K
net assets · Ln 32
Cash and savingsLn 1–2$38K
Total assetsLn 16$43K
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$123K
Government grantsLn 1e$88K
Fees for servicesLn 2g$8K
Investment incomeLn 3$296
Total revenueLn 12$132K
Assets in detailPt X, end of year
CashLn 1$38K
Cash and savings togetherLn 1–2$38K
Accounts receivableLn 4$5K
Total assetsLn 16$43K
LiabilitiesLn 26$0
Net assetsLn 32$43K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$42K$38K
Total assetsLn 16$43K$43K
LiabilitiesLn 26$0$0
Net assetsLn 32$43K$43K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$62K$62K
Accounting feesLn 11c$2K$2K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$381$381
Information technologyLn 14$2K$2K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$60K$60K
Total functional expensesLn 25$132K$129K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Mar 16, 2026 $132K$132K$466$43K 990 PDF
FY2024Filed with the IRS Nov 12, 2025 $283K$318K−$35K$43K 990 PDF
FY2023Filed with the IRS Nov 14, 2024 $251K$186K$65K$78K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $132,031 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $279,480$123,330
I-9 Program service revenuePrior year $3,385$8,405
I-10 Investment incomePrior year $130$296
I-11 Other revenue$0
I-12 Total revenuePrior year $282,995$132,031
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $317,946$131,565
I-18 Total expensesPrior year $317,946$131,565
I-19 Revenue less expensesPrior year −$34,951$466
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $132,031 across 7 lines filed
VIII-1b Membership dues$6,204
VIII-1e Government grants$88,408
VIII-1f All other contributions, gifts and grants$28,718
VIII-1h Total contributions, gifts and grants$123,330
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,405$8,405
VIII-3 Investment incomeRelated to mission $296$296
VIII-12 Total revenueRelated to mission $8,701$132,031
Part IX · Statement of functional expenses $131,565 across 7 lines filed
IX-11a Management feesPrograms $62,084$62,084
IX-11c Accounting feesManagement $2,177$2,177
IX-12 Advertising and promotionPrograms $3,428$3,428
IX-13 Office expensesPrograms $381$381
IX-14 Information technologyPrograms $2,346$2,346
IX-23 InsurancePrograms $1,580$1,580
IX-24 Other expenses (24a–d)Programs $59,569$59,569
IX-25 Total functional expensesPrograms $129,388 · Management $2,177 · Fundraising $0$131,565
Part X · Balance sheet $43,312 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $42,326$38,347
X-4 Accounts receivableStart of year $520$4,965
X-16 Total assetsStart of year $42,846$43,312
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $42,846$43,312
X-32 Total net assets or fund balancesStart of year $42,846$43,312
X-33 Total liabilities and net assetsStart of year $42,846$43,312
Part XI · Reconciliation of net assets $43,312 net assets at year end
XI-1 Total revenue$132,031
XI-2 Total expenses$131,565
XI-3 Revenue less expenses$466
XI-4 Net assets at start of year$42,846
XI-10 Net assets at end of year$43,312

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

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