Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2022.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
71 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
11 people listed on the 990; $33K paid to officers and key staff.
Compensation history total reportable pay by year · 7 named individuals · Part VII
| Name | FY2022 | FY2021 | FY2020 |
|---|---|---|---|
| Ann Peterson | $32,982 | $128,262 | $126,194 |
| Renae Shields | — | $1,275 | $970 |
| Sherri Schueller | — | $1,075 | $1,120 |
| Claire Gerber | — | — | $1,090 |
| Jill Mockler | — | $955 | $935 |
| Matthew Dorothy | — | $840 | $645 |
| Tim Ulrich | — | — | $655 |
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 15aYes
Programs and updates
Helps small businesses grow, improves community services, and boosts local economy and tax base.
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The primary purpose of the organization is to serve as a certified development company (CDC) pursuant to section 503 and 504 of title v of the small business investment act of 1958 as amended. CDC is a private non-profit corporation whose purpose is to contribute to the economic development of its area of operation.
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.0M | $0 |
| InvestmentsLn 11–13 | $0 | |
| Land, buildings, equipmentLn 10c | $245K | $0 |
| Total assetsLn 16 | $2.2M | $0 |
| LiabilitiesLn 26 | $816K | $0 |
| Net assetsLn 32 | $1.4M | $0 |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $33K | $33K | ||
| Pay of disqualified personsLn 6 | $183K | $183K | ||
| Pension plan contributionsLn 8 | $3K | $3K | ||
| Payroll taxesLn 10 | $18K | $15K | $3K | |
| Management feesLn 11a | $54K | $54K | ||
| Legal feesLn 11b | $22K | $16K | $5K | |
| Accounting feesLn 11c | $10K | $10K | ||
| Advertising and promotionLn 12 | $2K | $2K | ||
| Office expensesLn 13 | $10K | $8K | $3K | |
| Information technologyLn 14 | $10K | $10K | ||
| TravelLn 17 | $8K | $4K | $4K | |
| Conferences, conventions and meetingsLn 19 | $3K | $3K | ||
| InterestLn 20 | $7K | $7K | ||
| Depreciation, depletion and amortizationLn 22 | $16K | $12K | $4K | |
| InsuranceLn 23 | $25K | $19K | $6K | |
| Other expenses (24a–d)Ln 24 | $50K | $38K | $12K | |
| All other expensesLn 24e | $333 | $333 | ||
| Total functional expensesLn 25 | $456K | $322K | $135K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2022 Latest Viewing | $493K | $456K | $37K | $0 | 990 PDF |
| FY2021 | $789K | $551K | $238K | $1.4M | 990 PDF |
| FY2020 | $770K | $513K | $257K | $1.2M | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $493,241 revenue, 12 lines filed
Part VI · Governance 8 of 8 board members independent, no flags
Part VIII · Statement of revenue $493,241 across 3 lines filed
Part IX · Statement of functional expenses $456,398 across 17 lines filed
Part X · Balance sheet $0 assets, 18 lines filed
Part XI · Reconciliation of net assets $0 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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