Clinton Regional Development Corp

Clinton, IAUnknown exempt organization EIN 42-0738495Revenue $529K in FY2021Latest filing we have: 2021. Newer ones may not be in our data yet. Filed since? Tell us.

On file with the IRSClinton, IA

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $500 a year.

How does your 990 look to donors? Take the 10-Question Audit

To enhance the Regional business climate, attract new investment, expand existing industry and encourage quality new jobs and to focus on providing confidential assistance to businesses exploring opportunities within our region.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 42-0738495) · Dispute this line
81¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
The latest return is for FY2021, 5 tax years back.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $160K a year · 28% of revenue · last 2 filings
A surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
81%
of spending
81% of spending went to programs.
Pt IX · Ln 25 · col B
Named funders
2
named funders · $25K
2 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
24
of 24 voting members
24 of 24 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$529K
-14% vs prior year
Spent
$419K
To programs
81%
Net assets
$0
By yearFY2020–FY2021
Revenue
$529K
FY2021▼ -14%
Tap a bar for its year
Revenue by fiscal year
FY2020$616K
FY2021$529K
Expenses
$419K
FY2021▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$406K
FY2021$419K
Net assets
$0
FY2021▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.4M
FY2021$0

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing we have: FY2021.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $341K Management & general 19% · $78K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

25 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Clinton Regional Development Corp 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 15aYes

Programs and updates

Attracts investment, expands industry, and creates jobs by offering confidential business assistance.

Questions for Clinton Regional Development Corp

Tap to ask. Clinton Regional Development Corp sees how many people are interested.

Your first name shows with your question. Clinton Regional Development Corp answers here, for everyone.

1 program · $341K · in their own filed words · FY2021
01

To enhance the regional business climate, attract new investment, expand existing industry and encourage quality new jobs and to focus on providing confidential assistance to businesses exploring opportunities within our region.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 42-0738495) · Dispute this line
$341Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2021
Total grants receivedfrom 2 funders$25K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$529K
Ln 12
Gifts and grantsLn 1h$472K
Other incomeLn 4–11$54K
Investment incomeLn 3$4K
Money outPt IX
$419K
Ln 25
Programscol B$341K
Managementcol C$78K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
25
listed · VII A
PaidVII A0
Voting boardVI 1a24
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$472K
Government grantsLn 1e$2K
Investment incomeLn 3$4K
Other incomeLn 4–11$54K
Total revenueLn 12$529K
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 53
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 FY21End FY21
Total assetsLn 16$2.4M$0
LiabilitiesLn 26$19K$0
Net assetsLn 32$2.4M$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$265K$244K$20K
Other employee benefitsLn 9$21K$19K$2K
Payroll taxesLn 10$22K$21K$2K
Legal feesLn 11b$1K$1K
Advertising and promotionLn 12$15K$15K
Office expensesLn 13$2K$998$1K
OccupancyLn 16$21K$21K
TravelLn 17$8K$8K
Conferences, conventions and meetingsLn 19$10K$10K
Depreciation, depletion and amortizationLn 22$739$739
InsuranceLn 23$3K$183$3K
Other expenses (24a–d)Ln 24$40K$16K$24K
All other expensesLn 24e$11K$5K$6K
Total functional expensesLn 25$419K$341K$78K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest ViewingFiled with the IRS Sep 2, 2022 $529K$419K$111K$0 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $616K$406K$210K$2.4M 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $529,491 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $452,724$472,146
I-9 Program service revenue$0
I-10 Investment incomePrior year $110,806$3,545
I-11 Other revenuePrior year $52,650$53,800
I-12 Total revenuePrior year $616,180$529,491
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $260,927$307,953
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $145,195$110,961
I-18 Total expensesPrior year $406,122$418,914
I-19 Revenue less expensesPrior year $210,058$110,577
Part VI · Governance 24 of 24 board members independent, 3 to look at
VI-1a Voting members of the governing body24
VI-1b Independent voting members24
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $529,491 across 8 lines filed
VIII-1b Membership dues$439,936
VIII-1e Government grants$2,250
VIII-1f All other contributions, gifts and grants$29,960
VIII-1h Total contributions, gifts and grants$472,146
VIII-3 Investment incomeExcluded from tax $3,545$3,545
VIII-6 Net rental income or lossExcluded from tax $53,450$53,450
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $350$350
VIII-12 Total revenueRelated to mission $350 · Excluded from tax $56,995$529,491
Part IX · Statement of functional expenses $418,914 across 13 lines filed
IX-7 Other salaries and wagesPrograms $244,289 · Management $20,380$264,669
IX-9 Other employee benefitsPrograms $19,288 · Management $1,609$20,897
IX-10 Payroll taxesPrograms $20,663 · Management $1,724$22,387
IX-11b Legal feesPrograms $1,289$1,289
IX-12 Advertising and promotionPrograms $15,130$15,130
IX-13 Office expensesPrograms $998 · Management $1,287$2,285
IX-16 OccupancyManagement $20,740$20,740
IX-17 TravelPrograms $7,571$7,571
IX-19 Conferences, conventions and meetingsPrograms $9,614$9,614
IX-22 Depreciation, depletion and amortizationPrograms $739$739
IX-23 InsurancePrograms $183 · Management $2,676$2,859
IX-24 Other expenses (24a–d)Programs $16,290 · Management $23,595$39,885
IX-24e All other expensesPrograms $5,294 · Management $5,555$10,849
IX-25 Total functional expensesPrograms $341,348 · Management $77,566 · Fundraising $0$418,914
Part X · Balance sheet $0 assets, 4 lines filed
X-16 Total assetsStart of year $2,435,241$0
X-26 Total liabilitiesStart of year $18,754$0
X-32 Total net assets or fund balancesStart of year $2,416,487$0
X-33 Total liabilities and net assetsStart of year $2,435,241$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$529,491
XI-2 Total expenses$418,914
XI-3 Revenue less expenses$110,577
XI-4 Net assets at start of year$2,416,487
XI-9 Other changes in net assets−$2,527,064
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

All figures come from public IRS Form 990 filings. Comparisons are computed from the filing against similar orgs. They are not a rating.