Boosts local economy by helping businesses start, grow, and stay in DeWitt County.
For fiscal year 2025 it reported $46K in revenue, $80K in expenses, and $207K in net assets.Pt I
Where the money goes · FY2025
Total revenue
$46K
Pt VIII · Ln 12
Total expenses
$80K
Pt IX · Ln 25
Net assets
$207K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$34K
Where spending went · Part IX cols B–D
87%
13%
Program services $0.87 Management & general $0.13
Program efficiency
87%
of spending reaches programs▲ +3% vs prior filing year
Operating runway
28.7mo
months of highly liquid reserves at operating expense rate▼ -35% vs prior filing year
Surplus margin
-74%
revenue over expenses, this year▼ -412% vs prior filing year
Summary of the Filing
Part I · fiscal year 2025 · Form 990
Revenue
$46K
FY2025▼ -41%
$77K$38K$0
FY2021FY2025
Expenses
$80K
FY2025▲ +36%
$80K$40K$0
FY2021FY2025
Total assets
$209K
FY2025▼ -14%
$256K$128K$0
FY2021FY2025
Total liabilities
$2K
FY2025▲ +81%
$2K$836$0
FY2021FY2025
Total revenue
$46K
Pt VIII · Ln 12
Total expenses
$80K
Pt IX · Ln 25
Net assets
$207K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$34K
Total assetsPt X · Ln 16$209K
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414
Mission & Programs · Part III
Where the work happens
3 program services account for $69K of program spending, described in the organization's own filed words · FY2024.
01
Offered resources for businesses such as DCDC revolving loan fund (RLF) designed to provide gap financing for existing or start-up businesses.
$23Kprogram expense
02
Worked with existing businesses on retention and expansion and start up businesses via conferences, expos, luncheons, websites, social media, phone calls, emails and meetings.
$23Kprogram expense
03
Marketed the county to developers and entrepreneurs via conferences, expos, luncheons, websites, social media, phone calls, emails and meetings.
Curt Homann’s $42K as Executive Dir.
is at the 82nd percentile of top reported officer pay among 167 <$100K 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 · 3 named individuals · Part VII
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.
Individual Curt Homann · Reported title Executive Dir. · Highest reported compensation $42K · Total expenses $80K
53%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $46K · Total expenses $80K
57%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
87%
—
—
Overhead ratio
13%
—
—
Fundraising cost ratio
0%
—
—
Revenue growth
-41%
—
—
Investment management fee ratio
0%
—
—
Legal fee ratio
0%
—
—
Accounting fee ratio
1%
—
—
Fundraising fee ratio
0%
—
—
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
Schedule I · this organization's grantmaking
Grants paid · 8 grants · $85K · 2020–2024
Eagle Theater CorpFY2024$8,000
Unitemized GrantFY2024$7,000
C&p Custom Printing INCFY2023$7,000
Unitemized GrantFY2023$6,000
Unitemized GrantFY2022$16,642
Unitemized GrantFY2021$15,000
Unitemized GrantFY2020$18,000
Magill Restoration CentreFY2020$7,000
Compare
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Filings & Schedule Manifest
Part IV
III · ProgramsI · GrantsR · Related orgsG · FundraisingL · Interested personsA · Public supportF · ForeignM · Noncash
Want to add your own materials alongside these filings? Claim this org
Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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