Greene County Development Corp FY2020 filing

Not tax-deductible

Jefferson, IA501(c)(6)Mutual / membership EIN 42-0927000Revenue $244K in FY2020Latest return filed Nov 6, 2025

On file with the IRSPo Box 166, 50129-0166 · Jefferson, IATax-exempt since Jan 1974

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To foster, encourage, and promote by financial or other means, the establishment and growth of industry and business in Greene County, iowa.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$62K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2020 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $42K a year · 17% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$62K
to officers and key staff · 29% of spending
Worth a look: pay to officers and key staff is 29% of spending; over 20%.
Pt VII · Sec A
20 mo
of spending, in cash
Plus $400K in investments, Pt X · Ln 11–13
Looks good: 20.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $56K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$60K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
31
of 31 voting members
Looks good: 31 of 31 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$244K
Spent
$212K
To programs
0%
Net assets
$1.0M
By yearFY2020–FY2024
Revenue
$244K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$244K
FY2021$281K
FY2022$258K
FY2023$199K
FY2024$250K
Expenses
$212K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$212K
FY2021$241K
FY2022$440K
FY2023$276K
FY2024$272K
Net assets
$1.0M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.0M
FY2021$1.1M
FY2022$870K
FY2023$793K
FY2024$771K

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1974.

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

Who runs it and what they're paid

31 people listed on the 990; $62K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$62,202Pt VII · Sec A
Director
$0Pt VII · Sec A
Ex-Officio
$0Pt VII · Sec A
$0Pt VII · Sec A
Ex-Officio
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Ken Paxton$68,652$65,668$65,430$65,230$62,202

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.

See Greene County 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
  • Loans to or from officersSch L · Pt II2 listed

Programs and updates

Supports and grows businesses and industry in Greene County, Iowa.

Questions for Greene County Development Corp

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3 programs · in their own filed words · FY2020
01

Participation in community development and economic development for greene county, iowa through commitments to developing housing and opportunities to attract new employees and employers.

Pt IX · col B
02

To provide funds to major local employers for relocation assistance to attract new employees and families to the community, and to retain current families and alumni of the community.

Pt IX · col B
03

To provide funding to regional small business development council to attract and assist local entreprenuers with business startups.

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 · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$56K
Grants paid · 5 grants · $51K · 2020–2024
25 Chi CorpIA · FY2024$10,000
Gravitate CoworkingFY2021$15,000
Jefferson City View Properties LLCFY2021$10,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$244K
Ln 12
Gifts and grantsLn 1h$293K
Fees for servicesLn 2g$1K
Investment incomeLn 3$705
Money outPt IX
$212K
Ln 25
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$357K
Total assetsLn 16$1.1M
LiabilitiesLn 26$60K
PeoplePt VI, VII
31
listed · VII A
PaidVII A1
Voting boardVI 1a31
IndependentVI 1b31
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$293K
Government grantsLn 1e$110K
Fees for servicesLn 2g$1K
Investment incomeLn 3$705
Gains on assetsLn 7−$73K
Total revenueLn 12$244K
Assets in detailPt X, end of year
CashLn 1$236K
SavingsLn 2$121K
Cash and savings togetherLn 1–2$357K
InvestmentsLn 11–13$400K
Land, buildings, equipmentLn 10c$240K
Total assetsLn 16$1.1M
LiabilitiesLn 26$60K
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$258K$357K
InvestmentsLn 11–13$443K$400K
Land, buildings, equipmentLn 10c$249K$240K
Total assetsLn 16$1.0M$1.1M
LiabilitiesLn 26$67K$60K
Net assetsLn 32$980K$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$10K
Grants to domestic individualsLn 2$2K
Other salaries and wagesLn 7$80K
Payroll taxesLn 10$5K
Accounting feesLn 11c$1K
Other fees for servicesLn 11g$59K
Advertising and promotionLn 12$5K
Office expensesLn 13$4K
Information technologyLn 14$4K
OccupancyLn 16$4K
TravelLn 17$6K
Conferences, conventions and meetingsLn 19$6K
InterestLn 20$2K
InsuranceLn 23$1K
Other expenses (24a–d)Ln 24$22K
All other expensesLn 24e$263
Total functional expensesLn 25$212K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 6, 2025 $250K$272K−$22K$771K 990 PDF
FY2023Filed with the IRS Mar 25, 2025 $199K$276K−$77K$793K 990 PDF
FY2022Filed with the IRS Dec 12, 2023 $258K$440K−$182K$870K 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $281K$241K$40K$1.1M 990 PDF
FY2020 ViewingFiled with the IRS Nov 22, 2021 $244K$212K$32K$1.0M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $243,786 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $235,505$292,650
I-9 Program service revenuePrior year $7,743$1,023
I-10 Investment incomePrior year $2,515−$72,716
I-11 Other revenuePrior year $23,245$22,829
I-12 Total revenuePrior year $269,008$243,786
I-13 Grants and similar amounts paidPrior year $4,800$11,990
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $84,828$84,835
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $153,976$115,284
I-18 Total expensesPrior year $243,604$212,109
I-19 Revenue less expensesPrior year $25,404$31,677
Part VI · Governance 31 of 31 board members independent, 2 to look at
VI-1a Voting members of the governing body31
VI-1b Independent voting members31
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $243,786 across 9 lines filed
VIII-1b Membership dues$21,500
VIII-1e Government grants$110,000
VIII-1f All other contributions, gifts and grants$161,150
VIII-1h Total contributions, gifts and grants$292,650
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,023$1,023
VIII-3 Investment incomeExcluded from tax $705$705
VIII-6 Net rental income or lossExcluded from tax $22,829$22,829
VIII-7 Net gain or loss on sales of assetsRelated to mission −$73,421−$73,421
VIII-12 Total revenueRelated to mission −$72,398 · Excluded from tax $23,534$243,786
Part IX · Statement of functional expenses $212,109 across 16 lines filed
IX-1 Grants to domestic organizations$9,990
IX-2 Grants to domestic individuals$2,000
IX-7 Other salaries and wages$80,249
IX-10 Payroll taxes$4,586
IX-11c Accounting fees$1,350
IX-11g Other fees for services$59,158
IX-12 Advertising and promotion$5,228
IX-13 Office expenses$4,146
IX-14 Information technology$4,436
IX-16 Occupancy$4,029
IX-17 Travel$5,643
IX-19 Conferences, conventions and meetings$5,507
IX-20 Interest$1,632
IX-23 Insurance$1,496
IX-24 Other expenses (24a–d)$22,396
IX-24e All other expenses$263
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$212,109
Part X · Balance sheet $1,071,812 assets, 11 lines filed
Asset lines not itemized here account for $75,259; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $183,243$235,826
X-2 Savings and temporary cash investmentsStart of year $75,137$121,452
X-10c Land, buildings and equipment, netStart of year $248,991$239,761
X-13 Program-related investmentsStart of year $442,555$399,514
X-16 Total assetsStart of year $1,046,665$1,071,812
X-17 Accounts payable and accrued expensesStart of year $4,853$2,691
X-25 Other liabilitiesStart of year $61,911$57,543
X-26 Total liabilitiesStart of year $66,764$60,234
X-27 Net assets without donor restrictionsStart of year $979,901$1,011,578
X-32 Total net assets or fund balancesStart of year $979,901$1,011,578
X-33 Total liabilities and net assetsStart of year $1,046,665$1,071,812
Part XI · Reconciliation of net assets $1,011,578 net assets at year end
XI-1 Total revenue$243,786
XI-2 Total expenses$212,109
XI-3 Revenue less expenses$31,677
XI-4 Net assets at start of year$979,901
XI-10 Net assets at end of year$1,011,578

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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